Off MarketRisky Deal1 days on market
2500 Philadelphia Ave #203
2500 Philadelphia Ave #203, Ocean City, MD 21842, Ocean City, MD 21842
$640,000
Estimate®:$533,200
Listing Price
2500 Philadelphia Ave #203, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
1
Tax Assessed
$465k
Estimate®
$533k
Market Rate
Rent Estimate
$2,360/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
6.4 mi away
7
Stephen Decatur High School
9-12
6.3 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-familycondominiumstilt architecturebalconiescoastalvinyl sidingelevatedcovered parkingbeach resortmulti-storyrailingopen airvacation rentalcontemporary
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.97%
Total ROI
1.6%
Cash Flow
$-2,272/mo
DSCR
0.32
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,272/mo net cash flow with a 2.0% 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 |
|---|---|---|---|
| 2019-11-06 | Listing removed | $389,900 | $271 |
| 2019-09-20 | Pending sale | $389,900 | $271 |
| 2019-08-09 | Price change | $389,900 | $271 |
| 2019-03-22 | Listed for sale | $399,900 | $278 |
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