1307 Broadview Dr

This property stands out as a large, private waterfront retreat with five bedrooms and direct access to the Little Choptank River, making it well-suited for group and family short-term rental demand. The absence of HOA restrictions and strong projected cash flow (high-confidence underwriting) position it as a compelling STR investment for buyers seeking a premium, experience-driven asset. The primary upside is the combination of scale, privacy, and water access, which are rare in the Cambridge market. However, the investment case hinges on achieving and sustaining high ADR and occupancy rates, which may be subject to seasonal and market volatility. Investors should be prepared for operational complexity and verify local STR regulations as part of diligence.

Cambridge, MD is a secondary waterfront market on Maryland’s Eastern Shore, attracting leisure travelers seeking privacy, water access, and proximity to historic downtown amenities. The STR strategy here is driven by group and family bookings, with premium ADR potential for unique, large-scale properties. While the market supports strong seasonal demand, performance is more volatile than urban or resort-core locations, and regulatory clarity is essential for STR operators.

The property is located at the end of a quiet, dead-end road, offering exceptional privacy and natural surroundings with direct river access. Guest appeal is high for those seeking a secluded waterfront experience, though the rural setting may limit walkability and off-season activity. Proximity to downtown Cambridge provides access to dining and shops, but conclusions about neighborhood-specific demand are moderate-confidence due to limited granular data.

At a $1,035,000 purchase price, underwriting projects $10,969 in monthly STR income and $3,372 in monthly cash flow, assuming a 25% down payment, 6.4% interest, 25% expense ratio, 56% occupancy, and $644 ADR. The expected cash-on-cash return is 15.6%, reflecting high-confidence projections based on comparable STR performance. The investment thesis is sensitive to occupancy and ADR, and operational costs may be higher than modeled if management or maintenance needs exceed assumptions. Investors should confirm local STR regulations and validate demand assumptions during diligence.