13536 Osprey Ln · Solomons, MD 20688

$775,000

5 bd · 3.0 ba · 3,638 sqft · SingleFamily public records · 2 Days on market

Built 2002 0.50 ac lot Est $688k · 13% over $8/mo HOA

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.1/10.0
• Schools +3.3/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.8/15.0

Listing remarks

Osprey Cove is located on beautiful and protected St. John Creek. This lovely 2 story home on a finished basement has private access to pier and boatlift right from your back yard. MLW is 3'+ and 3,000lb boat lift conveys. Enjoy leisurely boat trips to Solomons Island restaurants and shops that are mere minutes away or zip around on your jetski(s). Home is 5BR with 3 Full bathrooms and has a semi-open layout on the main level with kitchen, living room w/ gas fireplace, and dining area. Granite counters and island with 2nd sink, gas range and all stainless steel appliances make the kitchen the perfect place to hang out, entertain and be the heart of your home. Additional rooms include a form

Key facts

• Boatlift
• Finished basement
• Waterfront access

Tags

• WATERFRONT ACCESS
• PRIVATE ACCESS TO PIER
• BOATLIFT
• FINISHED BASEMENT
• GRANITE COUNTERS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• HOA & community: HOA dues $100 annually

Exterior

• Parking: Has garage
• Home design: Single family home; Built in 2002
• Exterior features: Waterfront lot; Has view

Interior

• Bedrooms: 5 bedrooms
• Bathrooms: 3 bathrooms
• Interior features: Waterview

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $775k.

Deal economics

• At list price, monthly cash flow is $5k ($65k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($14k rent vs $775k).
• Cap rate 14.7% vs local median 2.3% in Solomons — 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 66/100 on livability (#230 in MD) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Calvert County Public Schools (rural): math 23% / reading 44% proficiency, ranked #5 of 24 in MD (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: 25 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 101 units permitted in Calvert County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($5k loan paydown + $1k appreciation (0.2% local appreciation)).
• At projected returns (0.2% appreciation + 3.0% rent growth), your $217k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $775,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.76% ✓
• Cap rate: 14.69%
• Cash-on-cash: 29.97%
• DSCR: 2.33
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $687,582
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
400 Shipyard	0.38mi	5/4.0	3,699 (+2%)	5mo	$700,000	$189	71
30 Bean Rd	0.42mi	5/4.0	3,928 (+8%)	20mo	$1,504,000	$383	46
186 Bamboushay Ln	0.50mi	4/3.5 (-1)	3,150 (-13%)	13mo	$590,000	$187	37
13478 Lore Pines Ln	0.41mi	4/3.5 (-1)	4,163 (+14%)	21mo	$925,000	$222	32
13406 Lore Pines Ln	0.46mi	4/3.5 (-1)	4,182 (+15%)	24mo	$550,000	$132	27

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

Projected returns pro-forma

0.16% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.8%
• Equity multiple: 2.51×
• Total profit: $328,544
• Equity at exit: $231,178

10-year hold

• IRR: 34.2%
• Equity multiple: 4.87×
• Total profit: $839,724
• Equity at exit: $282,837

Cash invested: $217,000 (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 20688

• Home prices YoY: 0.1%
• Active inventory: 25
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $13,651 medium
• Mortgage (P&I): −$4,064
• Tax est. 1.5%: −$969 /mo · $11,625/yr
• Insurance: −$323
• HOA: −$8
• Vacancy / Maint / Mgmt: −$2,867
• Net cashflow: $5,420

Break-even live

Break-even rent $6,790

Max offer price $775,000

Occupancy floor 55%

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: $193,750
• Closing costs: $23,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14386 Calvert St Unit 1363916P Solomons, MD	6.0	3.5	2992	$13,651	$4.56	22d	1	1.25mi

HOA detail

• Monthly dues: $8 · $96/yr
• Likely covers: gas

Listing history 13 events

1. 2026-06-18
   days on market $775,000 Active 2 DOM
2. 2026-06-17
   statusdays on marketlisting id $775,000 Active 1 DOM
3. 2026-06-16
   days on market $775,000 Coming Soon 18 DOM
4. 2026-06-15
   days on market $775,000 Coming Soon 17 DOM
5. 2026-06-13
   days on market $775,000 Coming Soon 15 DOM
6. 2026-06-09
   days on market $775,000 Coming Soon 11 DOM
7. 2026-06-08
   days on market $775,000 Coming Soon 10 DOM
8. 2026-06-07
   days on market $775,000 Coming Soon 9 DOM
9. 2026-06-04
   days on market $775,000 Coming Soon 6 DOM
10. 2026-06-03
    days on market $775,000 Coming Soon 5 DOM
11. 2026-06-02
    days on market $775,000 Coming Soon 4 DOM
12. 2026-06-01
    days on market $775,000 Coming Soon 3 DOM
13. 2026-05-31
    days on market $775,000 Coming Soon 2 DOM

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

Taxation est. · year 1

• Rental income: $163,812
• − Mortgage interest: −$43,412
• − Property taxes: −$11,625
• − Insurance: −$3,875
• − Repairs & maintenance: −$13,105
• − Management: −$13,105
• − HOA: −$96
• − Depreciation: −$22,545
• Taxable income: $56,049
• Est. tax owed @ 24.0%: −$13,452
• After-tax cash flow: $51,594/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.

Schools (NCES district)

• District: Calvert County Public Schools
• NCES district ID: 2400150
• Math proficiency: 23% ▼ -29.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $94,392
• Composite: 33.27/100
• National rank: #5511
• State rank: #5 of 24 in MD

Livability — Solomons

• Score: 66/100
• State rank: #230
• US rank: #11440

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Solomons, MD
• City population: 2,180
• Population (ZIP): 1,113

Population outlook (Calvert County) Hauer SSP2

• Today (2025): 94,825 people
• By 2030: 96,197 · +1.4%
• By 2040: 96,954 · +2.2%
• By 2050: 94,628 · -0.2%
• By 2075: 91,576 · -3.4%
• By 2100: 83,431 · -12.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Serbian 5% Russian 3% Slovak 2%
• Foreign-born: 2% · Canada

Political lean MEDSL · Calvert

• 2024 margin: R (+11.0) · D 43.5% · R 54.5% · Other 2.0%
• 2008→2024 swing: -4.6pp toward R · 2008: -6.3pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+5.6 2016: R+18.4 2012: R+8.2 2008: R+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.16%
• Current HPI: 232.1799
• Rent YoY: —
• Metro: —
• 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