Off MarketRisky Deal2 days on market
510 Penguin Dr #301B
510 Penguin Dr #301B, Ocean City, MD 21842, Ocean City, MD 21842
$345,000
Listing Price
510 Penguin Dr #301B, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
2
Tax Assessed
$308k
Rent Estimate
$2,033/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
1.8 mi away
10
Stephen Decatur Middle School
7-8
6.2 mi away
7
Stephen Decatur High School
9-12
6.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
multi-family residentialcondominium complexbeachsidecoastalprivate balconiesvinyl sidinglandscaped groundswell-maintainedsunnyopen lawnflowering treesdeckingexterior stairsvacation property
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.00%
Total ROI
45.9%
Cash Flow
$-639/mo
DSCR
0.64
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-639/mo net cash flow with a 4.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Ocean City, MD
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2025-03-26 | Listing removed | $975 | $1 |
| 2025-01-08 | Listed for rent | $975 | $1 |
| 2024-12-17 | Listing removed | $975 | $1 |
| 2024-10-16 | Listed for rent | $975 | $1 |
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