Off MarketRisky Deal2 days on market
103 Wilmington Ln #5
103 Wilmington Ln #5, Ocean City, MD 21842, Ocean City, MD 21842
$589,900
Estimate®:$562,900
Listing Price
103 Wilmington Ln #5, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
2
Tax Assessed
$431k
Estimate®
$563k
Market Rate
Rent Estimate
$2,855/mo
Est. Cash Flow base
Type
townhouse
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
1.5 mi away
10
Stephen Decatur Middle School
7-8
5.7 mi away
7
Stephen Decatur High School
9-12
5.7 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
coastaltownhousevinyl sidingmulti-storyattached garagebalconiesresidentialpaved alleywaygabled roofsuburbantraditionallow maintenancecommunity living
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.39%
Total ROI
32.5%
Cash Flow
$-1,396/mo
DSCR
0.54
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,396/mo net cash flow with a 3.4% 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 |
|---|---|---|---|
| 2017-01-04 | Sold | $349,900 | $183 |
| 2009-05-01 | Sold | $337,500 | $176 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,449.19 | $397,867 |
| 2024 | $5,103.4 | $364,633 |
| 2023 | $4,671.41 | $331,400 |
| 2022 | $4,671.41 | $331,400 |
| 2021 | $4,682.35 | $331,400 |
| 2020 | $4,682.35 | $331,400 |
| 2019 | $4,705.49 | $331,400 |
| 2018 | $4,663.46 | $330,133 |
| 2017 | $4,652.54 | $329,500 |
| 2016 | $4,598.4 | $315,467 |
| 2015 | $4,598.4 | $301,433 |
| 2014 | $4,598.4 | $287,400 |
| 2013 | $0 | $287,400 |
| 2012 | $0 | $287,400 |
| 2011 | $0 | $383,200 |
| 2010 | $0 | $360,846 |
| 2009 | $0 | $275,840 |
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