For SaleRisky Deal1 days on market
6007 Atlantic Ave Unit 205
6007 Atlantic Ave Unit 205, Ocean City, MD 21842, Ocean City, MD 21842
$525,000
Estimate®:$472,400
Listing Price
6007 Atlantic Ave Unit 205, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
1
Tax Assessed
$380k
Estimate®
$472k
Market Rate
Rent Estimate
$2,103/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
3.4 mi away
10
Stephen Decatur Middle School
7-8
7.6 mi away
7
Stephen Decatur High School
9-12
7.4 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
condominiummulti-familycoastalbalconiesstucco exteriormulti-storybeachsidevacation rentalsarched rooflinelandscapedresidentialparking lotoutdoor space
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.66%
Total ROI
16.7%
Cash Flow
$-1,560/mo
DSCR
0.43
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,560/mo net cash flow with a 2.7% 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 |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $525,000 | $583 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,557.58 | $332,767 |
| 2024 | $3,994.92 | $285,433 |
| 2023 | $3,356.26 | $238,100 |
| 2022 | $3,356.26 | $238,100 |
| 2021 | $3,364.11 | $238,100 |
| 2020 | $3,364.11 | $238,100 |
| 2019 | $3,387.21 | $238,100 |
| 2018 | $3,363.4 | $238,100 |
| 2017 | $3,956.42 | $280,200 |
| 2016 | $3,836.16 | $269,233 |
| 2015 | $3,836.16 | $258,267 |
| 2014 | $3,836.16 | $247,300 |
| 2013 | $0 | $247,300 |
| 2012 | $0 | $247,300 |
| 2011 | $0 | $319,680 |
| 2010 | $0 | $319,680 |
| 2009 | $0 | $319,680 |
| 2008 | $0 | $399,370 |
| 2007 | $0 | $347,160 |
| 2006 | $0 | $294,950 |
| 2005 | $0 | $242,740 |
| 2004 | $0 | $200,160 |
| 2003 | $0 | $157,580 |
| 2002 | $0 | $115,000 |
| 2001 | $0 | $115,000 |
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