For SaleRisky Deal0 days on market
5401 Coastal Hwy #1090B
5401 Coastal Hwy #1090B, Ocean City, MD 21842, Ocean City, MD 21842
$349,000
Estimate®:$366,900$17,900 Under Market
Listing Price
5401 Coastal Hwy #1090B, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
0
Tax Assessed
$361k
Estimate®
$367k
5% Under Valued
Rent Estimate
$2,243/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
contemporary condoopen concepttile flooringsliding glass doorsbalcony accessbright interiorcasual living spaceminimalist decorapartment buildingneutral wallsfunctional layoutcoastal influence
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.61%
Total ROI
59.0%
Cash Flow
$-470/mo
DSCR
0.74
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-470/mo net cash flow with a 4.6% 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 |
|---|---|---|---|
| 2026-09-25 | Listed for sale | $349,000 | $280 |
| 2023-12-01 | Sold | $346,250 | $278 |
| 2023-10-12 | Contingent | $380,000 | $305 |
| 2023-09-29 | Price change | $380,000 | $305 |
| 2023-09-22 | Price change | $390,000 | $313 |
| 2023-09-14 | Listed for sale | $400,000 | $321 |
| 2007-10-31 | Sold | $275,000 | $221 |
| 2006-05-20 | Sold | $257,000 | $206 |
| 2001-03-22 | Sold | $87,000 | $70 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,290.51 | $313,267 |
| 2024 | $3,716.4 | $265,533 |
| 2023 | $3,070.11 | $217,800 |
| 2022 | $2,865.72 | $217,800 |
| 2021 | $2,667.56 | $188,800 |
| 2020 | $2,462.68 | $174,300 |
| 2019 | $2,420.31 | $174,300 |
| 2018 | $2,344.45 | $165,967 |
| 2017 | $2,284.62 | $161,800 |
| 2016 | $2,091.61 | $153,500 |
| 2015 | $2,091.61 | $145,200 |
| 2014 | $2,091.61 | $136,900 |
| 2013 | $0 | $136,900 |
| 2012 | $0 | $136,900 |
| 2011 | $0 | $174,300 |
| 2010 | $0 | $174,300 |
| 2009 | $0 | $174,300 |
| 2008 | $0 | $217,870 |
| 2007 | $0 | $186,746 |
| 2006 | $0 | $155,623 |
| 2005 | $0 | $124,500 |
| 2004 | $0 | $111,000 |
| 2003 | $0 | $97,500 |
| 2002 | $0 | $84,000 |
| 2001 | $0 | $83,332 |
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