For SaleRisky Deal9 days on market
5405 Coastal Hwy Unit 211
5405 Coastal Hwy Unit 211, Ocean City, MD 21842, Ocean City, MD 21842
$380,000
Estimate®:$370,100
Listing Price
5405 Coastal Hwy Unit 211, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
9
Tax Assessed
$389k
Estimate®
$370k
Market Rate
Rent Estimate
$2,285/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
3.1 mi away
10
Stephen Decatur Middle School
7-8
7.3 mi away
7
Stephen Decatur High School
9-12
7.1 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
modern interioropen floor plancoastal stylefireplacebalconybreakfast barwhite cabinetrykitchen islandneutral carpetceiling fanapartment livinglight and airy
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.26%
Total ROI
51.5%
Cash Flow
$-622/mo
DSCR
0.68
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-622/mo net cash flow with a 4.3% 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 |
|---|---|---|---|
| 2026-09-15 | Listed for sale | $380,000 | $371 |
| 2021-09-07 | Sold | $365,000 | $357 |
| 2021-09-01 | Pending sale | $365,000 | $357 |
| 2021-08-08 | Contingent | $365,000 | $357 |
| 2021-08-02 | Listed for sale | $365,000 | $357 |
| 2020-04-02 | Sold | $229,000 | $224 |
| 2019-09-07 | Price change | $229,900 | $225 |
| 2019-01-25 | Price change | $239,900 | $235 |
| 2018-06-01 | Listed for sale | $244,900 | $239 |
| 2013-06-28 | Sold | $227,000 | $222 |
| 2003-12-12 | Sold | $269,900 | $264 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,506.44 | $329,033 |
| 2024 | $3,770.06 | $269,367 |
| 2023 | $2,955.93 | $209,700 |
| 2022 | $2,955.93 | $209,700 |
| 2021 | $2,962.85 | $209,700 |
| 2020 | $2,962.85 | $209,700 |
| 2019 | $2,983.19 | $209,700 |
| 2018 | $2,962.22 | $209,700 |
| 2017 | $3,133.23 | $221,900 |
| 2016 | $3,302.16 | $221,900 |
| 2015 | $3,302.16 | $221,900 |
| 2014 | $3,302.16 | $227,100 |
| 2013 | $0 | $227,100 |
| 2012 | $0 | $227,100 |
| 2011 | $0 | $275,180 |
| 2010 | $0 | $275,180 |
| 2009 | $0 | $275,180 |
| 2008 | $0 | $343,720 |
| 2007 | $0 | $291,206 |
| 2006 | $0 | $238,693 |
| 2005 | $0 | $186,180 |
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