126 Skipjack Cir · Ocean Pines, MD 21811

$199,900

3 bd · 2.0 ba · 748 sqft · SingleFamily · 57 Days on market

Built 1984 Good condition 2,400 sqft lot $267/sqft · 10% above area Est $182k · 10% over $185/mo HOA · 8% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.9/30.0
• 1% rule +6.7/10.0
• DSCR +6.7/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• ARV discount +3.1/15.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the perfect Eastern Shore retreat just minutes from Ocean City. Located in the gated community of White Horse Park I, this beautifully renovated home offers 2 bedrooms, 2 updated baths, and a versatile bonus room ideal for guests or a home office. Inside, enjoy a stunning new kitchen featuring quartz countertops, white shaker cabinetry, and stainless steel appliances. Stylish upgrades continue throughout with new flooring, custom tile baths, generous storage, and a private shed. Recent roof repairs provide added peace of mind. The low $185/month HOA fee includes water, sewer, trash, security, and access to resort-style amenities including a clubhouse, pavilion, boat ramp, basketball court, playground, kayak storage, picnic areas, and bath houses. Marina boat slips and storage are also available. Open year-round, this property offers excellent flexibility for personal use or short-term rental potential. Conveniently located near the Ocean City Boardwalk, Assateague Island National Seashore, and the charming shops and dining of Berlin, this is coastal living at its best!

Key facts

• Gated community
• Quartz countertops
• Renovated home

Tags

• GATED COMMUNITY
• RENOVATED HOME
• NEW KITCHEN
• QUARTZ COUNTERTOPS
• WHITE SHAKER CABINETRY
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.3% in Ocean Pines — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#172 in MD) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D, cost of living D, amenities F.
• Worcester County Public Schools (town): math 30% / reading 44% proficiency, ranked #6 of 24 in MD (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 315 active listings in the ZIP; solid renter incomes; 354 units permitted in Worcester County in 2024 (6 in 5+ unit buildings).
• This rent runs 31% of the median local income ($90k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Worcester County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $96k; list at $200k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.17% ✓
• Cap rate: 7.97%
• Cash-on-cash: 5.98%
• DSCR: 1.27
• GRM: 7.1

CMA / ARV

• ARV (median comp): $182,017
• List price: $199,900
• Delta: 9.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Deep Sea	0.11mi	3/1.0	748 (0%)	2mo	$160,000	$214	89
120 Skipjack Cir	0.05mi	2/1.0 (-1)	748 (0%)	3mo	$216,000	$289	86
134 Skipjack Cir	0.06mi	2/1.0 (-1)	748 (0%)	5mo	$229,000	$306	84
114 Skipjack Cir	0.02mi	2/1.0 (-1)	792 (+6%)	4mo	$180,000	$227	78
219 Timberline Cir	0.26mi	2/1.0 (-1)	753 (+1%)	1mo	$227,000	$301	77
341 Timberline Cir	0.13mi	2/1.0 (-1)	748 (0%)	10mo	$225,000	$301	77
360 Timberline Cir	0.26mi	2/1.0 (-1)	748 (0%)	5mo	$205,000	$274	75
273 Woodhaven Ct	0.24mi	2/1.0 (-1)	726 (-3%)	0mo	$155,000	$213	75
46 Salt Spray Dr	0.10mi	2/1.0 (-1)	704 (-6%)	3mo	$168,000	$239	74
91 Spindrift Ln	0.05mi	2/1.0 (-1)	688 (-8%)	2mo	$160,000	$233	73
380 Seahawk Ln	0.22mi	2/1.0 (-1)	726 (-3%)	6mo	$175,000	$241	70
12 White Sail Cir	0.37mi	2/1.0 (-1)	720 (-4%)	6mo	$250,000	$347	62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.0%
• Equity multiple: 0.74×
• Total profit: $-14,479
• Equity at exit: $29,806

10-year hold

• IRR: 2.7%
• Equity multiple: 1.19×
• Total profit: $10,872
• Equity at exit: $17,284

Cash invested: $55,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21811

• Home prices YoY: -29.0%
• Active inventory: 315
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,336 medium
• Mortgage (P&I): −$1,048
• Tax est. 1.5%: −$250 /mo · $2,998/yr
• Insurance: −$83
• HOA: −$185
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $279

Break-even live

Break-even rent $1,983

Max offer price $199,900

Occupancy floor 83%

Sensitivity live

Price	-10% $417	-5% $348	+0% $279	+5% $210	+10% $141
Rent	-10% $94	-5% $187	+0% $279	+5% $371	+10% $463
Rate	-1.0pp $380	-0.5pp $330	base $279	+0.5pp $227	+1.0pp $174

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $185 · $2,220/yr
• Likely covers: watersewertrashroofsecurity

Listing history 50 events

1. 2026-06-18
   days on market $199,900 Active 57 DOM
2. 2026-06-17
   days on market $199,900 Active 56 DOM
3. 2026-06-16
   days on market $199,900 Active 55 DOM
4. 2026-06-15
   days on market $199,900 Active 54 DOM
5. 2026-06-14
   days on market $199,900 Active 52 DOM
6. 2026-06-13
   days on market $199,900 Active 51 DOM
7. 2026-06-10
   days on market $199,900 Active 49 DOM
8. 2026-06-09
   days on market $199,900 Active 48 DOM
9. 2026-06-08
   days on market $199,900 Active 47 DOM
10. 2026-06-07
    days on market $199,900 Active 46 DOM
11. 2026-06-02
    days on market $199,900 Active 41 DOM
12. 2026-06-01
    days on market $199,900 Active 40 DOM
13. 2026-05-31
    days on market $199,900 Active 39 DOM
14. 2026-05-30
    days on market $199,900 Active 38 DOM
15. 2026-04-23
    price $199,900
16. 2026-04-23
    status Active
17. 2026-04-22
    historical

    Show marketing remark (1094 chars)

    Discover the perfect Eastern Shore retreat just minutes from Ocean City. Located in the gated community of White Horse Park I, this beautifully renovated home offers 2 bedrooms, 2 updated baths, and a versatile bonus room ideal for guests or a home office. Inside, enjoy a stunning new kitchen featuring quartz countertops, white shaker cabinetry, and stainless steel appliances. Stylish upgrades continue throughout with new flooring, custom tile baths, generous storage, and a private shed. Recent roof repairs provide added peace of mind. The low $185/month HOA fee includes water, sewer, trash, security, and access to resort-style amenities including a clubhouse, pavilion, boat ramp, basketball court, playground, kayak storage, picnic areas, and bath houses. Marina boat slips and storage are also available. Open year-round, this property offers excellent flexibility for personal use or short-term rental potential. Conveniently located near the Ocean City Boardwalk, Assateague Island National Seashore, and the charming shops and dining of Berlin, this is coastal living at its best!

18. 2026-04-22
    listed $199,900 Active 1094-char remark

    Show marketing remark (1094 chars)

    Discover the perfect Eastern Shore retreat just minutes from Ocean City. Located in the gated community of White Horse Park I, this beautifully renovated home offers 2 bedrooms, 2 updated baths, and a versatile bonus room ideal for guests or a home office. Inside, enjoy a stunning new kitchen featuring quartz countertops, white shaker cabinetry, and stainless steel appliances. Stylish upgrades continue throughout with new flooring, custom tile baths, generous storage, and a private shed. Recent roof repairs provide added peace of mind. The low $185/month HOA fee includes water, sewer, trash, security, and access to resort-style amenities including a clubhouse, pavilion, boat ramp, basketball court, playground, kayak storage, picnic areas, and bath houses. Marina boat slips and storage are also available. Open year-round, this property offers excellent flexibility for personal use or short-term rental potential. Conveniently located near the Ocean City Boardwalk, Assateague Island National Seashore, and the charming shops and dining of Berlin, this is coastal living at its best!

19. 2026-02-04
    status Pending
20. 2026-02-04
    historical
21. 2026-01-08
    price $180,000
22. 2025-11-12
    price $184,000
23. 2025-10-16
    price $189,000
24. 2025-08-29
    price $194,000
25. 2025-08-28
    status Active
26. 2025-08-22
    status Pending
27. 2025-08-07
    price $198,900
28. 2025-05-07
    price $199,900
29. 2025-05-02
    price $204,900
30. 2025-04-08
    status Active
31. 2025-03-31
    historical
32. 2025-02-27
    price $208,000
33. 2025-01-08
    price $209,000
34. 2025-01-02
    price $214,000
35. 2025-01-02
    status Active
36. 2024-12-31
    historical
37. 2024-12-13
    price $214,900
38. 2024-11-12
    price $219,000
39. 2024-10-31
    status Active
40. 2024-10-01
    historical
41. 2024-09-18
    status Active
42. 2024-09-13
    status Pending
43. 2024-08-15
    price $224,000
44. 2024-08-02
    listed $239,000 Active
45. 2024-07-12
    historical
46. 2024-02-05
    historical
47. 2024-01-07
    price $207,000
48. 2024-01-07
    status Active
49. 2023-12-31
    historical
50. 2023-12-22
    price $209,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 34% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,031
• − Mortgage interest: −$11,198
• − Property taxes: −$2,998
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,242
• − Management: −$2,242
• − HOA: −$2,220
• − Depreciation: −$5,815
• Taxable income: $315
• Est. tax owed @ 24.0%: −$76
• After-tax cash flow: $3,271/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This beautifully renovated home offers 2 bedrooms, 2 updated baths, and a versatile bonus room. The property is in good condition with recent roof repairs and new flooring, making it a great investment opportunity.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both landscaping — enhances curb appeal and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both landscaping — enhances curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Worcester County Public Schools
• NCES district ID: 2400720
• Math proficiency: 30% ▼ -25.00%
• Reading proficiency: 44% ▼ -20.00%
• Median HH income: $56,748
• Composite: 32.6/100
• National rank: #5672
• State rank: #6 of 24 in MD

Livability — Ocean Pines

• Score: 70/100
• State rank: #172
• US rank: #7691

Category grades

Amenities F Commute F Cost of living D Crime A+ Employment A+ Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocean Pines, MD
• County: Worcester County · 35,603 people
• Metro: Salisbury, MD-DE
• Population (ZIP): 24,377
• Household income: $90,082
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 551.0

Population outlook (Worcester County) Hauer SSP2

• Today (2025): 51,363 people
• By 2030: 51,191 · -0.3%
• By 2040: 50,459 · -1.8%
• By 2050: 49,451 · -3.7%
• By 2075: 48,533 · -5.5%
• By 2100: 44,223 · -13.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 9% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 4% Italian 2% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Worcester

• 2024 margin: Strong R (+22.0) · D 38.0% · R 60.0% · Other 2.0%
• 2008→2024 swing: -6.5pp toward R · 2008: -15.5pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.0 2016: R+27.9 2012: R+18.3 2008: R+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -119.52%
• Current HPI: 292.9004
• Rent YoY: —
• Metro: Salisbury, MD-DE
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+81.9% since first listed

51 events — show timeline

• 2026-04-23 Price Changed $199,900 BRIGHT MLS
• 2026-04-23 Relisted — BRIGHT MLS
• 2026-04-22 Listed $199,900 BRIGHT MLS
• 2026-04-22 Listing Removed — BRIGHT MLS
• 2026-02-04 Pending — BRIGHT MLS
• 2026-02-04 Listing Removed — BRIGHT MLS
• 2026-01-08 Price Changed $180,000 BRIGHT MLS
• 2025-11-12 Price Changed $184,000 BRIGHT MLS
• 2025-10-16 Price Changed $189,000 BRIGHT MLS
• 2025-08-29 Price Changed $194,000 BRIGHT MLS
• 2025-08-28 Relisted — BRIGHT MLS
• 2025-08-22 Pending — BRIGHT MLS
• 2025-08-07 Price Changed $198,900 BRIGHT MLS
• 2025-05-07 Price Changed $199,900 BRIGHT MLS
• 2025-05-02 Price Changed $204,900 BRIGHT MLS
• 2025-04-08 Relisted — BRIGHT MLS
• 2025-03-31 Listing Removed — BRIGHT MLS
• 2025-02-27 Price Changed $208,000 BRIGHT MLS
• 2025-01-08 Price Changed $209,000 BRIGHT MLS
• 2025-01-02 Price Changed $214,000 BRIGHT MLS
• 2025-01-02 Relisted — BRIGHT MLS
• 2024-12-31 Listing Removed — BRIGHT MLS
• 2024-12-13 Price Changed $214,900 BRIGHT MLS
• 2024-11-12 Price Changed $219,000 BRIGHT MLS
• 2024-10-31 Relisted — BRIGHT MLS
• 2024-10-01 Listing Removed — BRIGHT MLS
• 2024-09-18 Relisted — BRIGHT MLS
• 2024-09-13 Pending — BRIGHT MLS
• 2024-08-15 Price Changed $224,000 BRIGHT MLS
• 2024-08-02 Listed $239,000 BRIGHT MLS
• 2024-07-12 Coming Soon — BRIGHT MLS
• 2024-02-05 Listing Removed — BRIGHT MLS
• 2024-01-07 Price Changed $207,000 BRIGHT MLS
• 2024-01-07 Relisted — BRIGHT MLS
• 2023-12-31 Listing Removed — BRIGHT MLS
• 2023-12-22 Price Changed $209,000 BRIGHT MLS
• 2023-12-22 Relisted — BRIGHT MLS
• 2023-12-13 Pending — BRIGHT MLS
• 2023-11-05 Price Changed $214,900 BRIGHT MLS
• 2023-10-11 Price Changed $219,000 BRIGHT MLS
• 2023-09-21 Listed $225,000 BRIGHT MLS
• 2023-09-14 Coming Soon — BRIGHT MLS
• 2022-05-05 Sold (MLS) $95,999 BRIGHT MLS
• 2022-04-02 Pending — BRIGHT MLS
• 2022-04-01 Relisted — BRIGHT MLS
• 2022-03-30 Listing Removed — BRIGHT MLS
• 2022-03-23 Price Changed $99,000 BRIGHT MLS
• 2022-02-14 Price Changed $104,900 BRIGHT MLS
• 2022-01-12 Relisted — BRIGHT MLS
• 2021-12-13 Listing Removed — BRIGHT MLS
• 2021-11-26 Listed $109,900 BRIGHT MLS