1358 Crellin Underwood Rd · Crellin, MD 21550

$79,999

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 162 Days on market

Built 1955 0.49 ac lot $93/sqft · 25% below area Est $106k · 25% under ↓ 11% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.3/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +7.1/10.0
• Appreciation +4.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.1/5.0
• Schools +2.0/10.0

Listing remarks MLS

Charming 2-bedroom, 1-bath home offering a fantastic opportunity for buyers looking to add their own personal touch. Recent updates include a metal roof, 2 propane wall unit heaters, and a hot water heater. Enjoy the back covered deck overlooking the woods and the youghiogheny river below. This property needs a bit of TLC but is full of potential and character. Located in a highly desirable school district, the home is just minutes from everything Oakland has to offer—shopping, dining, recreation, and local amenities. Whether you’re a first-time buyer, investor, or someone seeking a renovation project, this home provides a solid foundation in a great location. Contact today to schedule your own private tour! Summer photos have been digitally enhanced using AI.

Key facts

• 0.49 acre lot
• 3 parking spots
• Built 1955

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($966 rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 41/100 on livability (#489 in MD) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute F.
• Garrett County Public Schools (rural): math 17% / reading 30% proficiency, ranked #16 of 24 in MD (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 183 active listings in the ZIP; 122 units permitted in Garrett County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $328 of equity ($553 loan paydown + $-225 appreciation (-0.3% local appreciation)).
• Garrett County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-0.3% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 162 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,399 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 9.78%
• Cash-on-cash: 12.44%
• DSCR: 1.55
• GRM: 6.9

CMA / ARV

• ARV (median comp): $106,419
• List price: $79,999
• Delta: -24.83%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-0.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.8%
• Equity multiple: 1.51×
• Total profit: $11,394
• Equity at exit: $22,110

10-year hold

• IRR: 16.0%
• Equity multiple: 2.71×
• Total profit: $38,287
• Equity at exit: $25,699

Cash invested: $22,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21550

• Home prices YoY: -0.1%
• Active inventory: 183
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $966 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$78 /mo · $941/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $232

Break-even live

Break-even rent $673

Max offer price $79,999

Occupancy floor 71%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $79,999 Active 162 DOM
2. 2026-06-17
   days on market $79,999 Active 161 DOM
3. 2026-06-16
   days on market $79,999 Active 160 DOM
4. 2026-06-15
   days on market $79,999 Active 159 DOM
5. 2026-06-13
   days on market $79,999 Active 157 DOM
6. 2026-06-12
   days on market $79,999 Active 156 DOM
7. 2026-06-09
   days on market $79,999 Active 153 DOM
8. 2026-06-08
   days on market $79,999 Active 152 DOM
9. 2026-06-07
   days on market $79,999 Active 151 DOM
10. 2026-06-07
    days on market $79,999 Active 150 DOM
11. 2026-06-04
    days on market $79,999 Active 147 DOM
12. 2026-06-02
    days on market $79,999 Active 146 DOM
13. 2026-06-01
    days on market $79,999 Active 145 DOM
14. 2026-05-31
    days on market $79,999 Active 144 DOM
15. 2026-05-31
    days on market $79,999 Active 143 DOM
16. 2026-05-01
    price $79,999 782-char remark

    Show marketing remark (782 chars)

    Charming 2-bedroom, 1-bath home offering a fantastic opportunity for buyers looking to add their own personal touch. Recent updates include a metal roof, 2 propane wall unit heaters, and a hot water heater. Enjoy the back covered deck overlooking the woods and the youghiogheny river below. This property needs a bit of TLC but is full of potential and character. Located in a highly desirable school district, the home is just minutes from everything Oakland has to offer—shopping, dining, recreation, and local amenities. Whether you’re a first-time buyer, investor, or someone seeking a renovation project, this home provides a solid foundation in a great location. Contact today to schedule your own private tour! Summer photos have been digitally enhanced using AI.

17. 2026-01-22
    price $85,000 782-char remark

    Show marketing remark (782 chars)

    Charming 2-bedroom, 1-bath home offering a fantastic opportunity for buyers looking to add their own personal touch. Recent updates include a metal roof, 2 propane wall unit heaters, and a hot water heater. Enjoy the back covered deck overlooking the woods and the youghiogheny river below. This property needs a bit of TLC but is full of potential and character. Located in a highly desirable school district, the home is just minutes from everything Oakland has to offer—shopping, dining, recreation, and local amenities. Whether you’re a first-time buyer, investor, or someone seeking a renovation project, this home provides a solid foundation in a great location. Contact today to schedule your own private tour! Summer photos have been digitally enhanced using AI.

18. 2026-01-07
    listed $90,000 Active 782-char remark

    Show marketing remark (782 chars)

    Charming 2-bedroom, 1-bath home offering a fantastic opportunity for buyers looking to add their own personal touch. Recent updates include a metal roof, 2 propane wall unit heaters, and a hot water heater. Enjoy the back covered deck overlooking the woods and the youghiogheny river below. This property needs a bit of TLC but is full of potential and character. Located in a highly desirable school district, the home is just minutes from everything Oakland has to offer—shopping, dining, recreation, and local amenities. Whether you’re a first-time buyer, investor, or someone seeking a renovation project, this home provides a solid foundation in a great location. Contact today to schedule your own private tour! Summer photos have been digitally enhanced using AI.

19. 2026-01-06
    historical $90,000 782-char remark

    Show marketing remark (782 chars)

    Charming 2-bedroom, 1-bath home offering a fantastic opportunity for buyers looking to add their own personal touch. Recent updates include a metal roof, 2 propane wall unit heaters, and a hot water heater. Enjoy the back covered deck overlooking the woods and the youghiogheny river below. This property needs a bit of TLC but is full of potential and character. Located in a highly desirable school district, the home is just minutes from everything Oakland has to offer—shopping, dining, recreation, and local amenities. Whether you’re a first-time buyer, investor, or someone seeking a renovation project, this home provides a solid foundation in a great location. Contact today to schedule your own private tour! Summer photos have been digitally enhanced using AI.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $941 · $78/mo
• Projected year-2 tax: $941 · $78/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,597
• − Mortgage interest: −$4,481
• − Property taxes: −$941
• − Insurance: −$400
• − Repairs & maintenance: −$928
• − Management: −$928
• − Depreciation: −$2,327
• Taxable income: $1,591
• Est. tax owed @ 24.0%: −$382
• After-tax cash flow: $2,404/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Garrett County Public Schools
• NCES district ID: 2400360
• Math proficiency: 17% ▼ -16.00%
• Reading proficiency: 30% ▼ -13.00%
• Median HH income: $45,705
• Composite: 20.36/100
• National rank: #8600
• State rank: #16 of 24 in MD

Livability — Crellin

• Score: 41/100
• State rank: #489
• US rank: #27137

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing F Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crellin, MD
• Population (ZIP): 13,469

Population outlook (Garrett County) Hauer SSP2

• Today (2025): 28,304 people
• By 2030: 27,248 · -3.7%
• By 2040: 24,596 · -13.1%
• By 2050: 21,703 · -23.3%
• By 2075: 15,766 · -44.3%
• By 2100: 11,363 · -59.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Italian 3% Slovak 2% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Garrett

• 2024 margin: Solid R (+54.0) · D 21.9% · R 75.9% · Other 2.2%
• 2008→2024 swing: -13.9pp toward R · 2008: -40.1pp · 2024: -54.0pp
• All cycles: 2024: R+54.0 2020: R+55.9 2016: R+61.5 2012: R+52.1 2008: R+40.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.28%
• Current HPI: 297.3615
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

-11.1% since first listed

4 events — show timeline

• 2026-05-01 Price Changed $79,999 BRIGHT MLS
• 2026-01-22 Price Changed $85,000 BRIGHT MLS
• 2026-01-07 Listed $90,000 BRIGHT MLS
• 2026-01-06 Coming Soon $90,000 BRIGHT MLS

Property tax history

+4.1%/yr

Latest (2025): $941 · +2.5% YoY. Source: county tax records.