12 Somerset Ave · Pocomoke City, MD 21851

$159,000

3 bd · 1.0 ba · 1,530 sqft · SingleFamily public records · 41 Days on market

Built 1953 5,227 sqft lot $104/sqft · 22% below area Est $204k · 22% under

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Why this score? — see what drove the C+ 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 +23.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.6/10.0
• Livability +3.6/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Located just west of Route 113 and right off of Route 50 in Pocomoke City, this 1.5 story home offers a flexible layout in an established residential area close to shopping, dining and other amenities. The main level features a living room, kitchen, dining area, laundry space, one full bathroom as well as one stand alone bedroom and two adjoining bedrooms. Upstairs is a bonus space with two adjoining rooms that could serve as an additional bedroom, office space or storage. There is hardwood flooring throughout most of the home and vinyl flooring in the kitchen. The kitchen and bathroom are in need of updating/cosmetic repair. The interior has been freshly painted, the landscaping refreshed,

Key facts

• Hardwood flooring
• Flexible layout
• Bonus space

Tags

• FLEXIBLE LAYOUT
• ESTABLISHED RESIDENTIAL AREA
• CLOSE TO SHOPPING
• DINING AND OTHER AMENITIES
• BONUS SPACE
• HARDWOOD FLOORING

Property features AI

Finance

• Financial info: Lease not considered

Exterior

• Parking: Gravel driveway; Driveway parking; On-street parking
• Utilities: Public water; Public sewer; Propane available; Electric available; Phone available; Cable internet
• Home design: Detached property; Fee simple ownership; Estimated year built
• Construction: Stick-built construction; Block foundation; Above-grade and below-grade structures
• Exterior features: Sidewalks; Partially fenced yard; Rear yard; Shed

Interior

• Kitchen: Wall oven; Cooktop
• Bedrooms: 3 bedrooms on the main level
• Flooring: Hardwood; Partial carpeting; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced-air heating (electric); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Combination kitchen and dining area; Dining area; Traditional floor plan; Entry-level bedroom; Wood floors
• Laundry & utility: Washer; Dryer; Propane water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $154k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 5.6% in Pocomoke City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#157 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: employment D+, crime F, amenities F.
• Worcester County Public Schools (town): math 30% / reading 44% proficiency, ranked #6 of 24 in MD (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 69 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 354 units permitted in Worcester County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Worcester County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $63k; list at $159k implies a 152% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.16% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.18%
• DSCR: 1.36
• GRM: 7.2

CMA / ARV

• ARV (median comp): $203,904
• List price: $159,000
• Delta: -22.02%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1296 Dorchester Ave	0.13mi	3/2.0	1,506 (-2%)	8mo	$282,100	$187	81
1406 Cedar Run	0.32mi	3/2.5	1,475 (-4%)	1mo	$289,900	$197	72
1401 Cedar Run	0.27mi	3/2.5	1,475 (-4%)	5mo	$289,900	$197	71
1403 Linden Dr	0.15mi	3/2.0	1,312 (-14%)	5mo	$175,000	$133	61
1731 Cedar St	0.71mi	3/2.0	1,581 (+3%)	1mo	$221,000	$140	56
1411 Cedar Run	0.30mi	3/2.5	1,331 (-13%)	4mo	$280,000	$210	55
1410 Cedar Run	0.33mi	3/2.0	1,311 (-14%)	3mo	$289,900	$221	54
2240 Bypass Rd	0.67mi	3/2.0	1,632 (+7%)	0mo	$330,000	$202	53
2139 Groton Rd	0.72mi	2/2.0 (-1)	1,494 (-2%)	1mo	$102,900	$69	53
1400 Cedar St	0.33mi	4/2.0 (+1)	1,750 (+14%)	6mo	$110,000	$63	46
621 Cedar St	0.62mi	3/2.5	1,350 (-12%)	6mo	$220,000	$163	41
1714 Cedar St	0.64mi	3/2.5	1,741 (+14%)	6mo	$292,000	$168	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-6,386
• Equity at exit: $23,707

10-year hold

• IRR: 5.9%
• Equity multiple: 1.44×
• Total profit: $19,557
• Equity at exit: $13,747

Cash invested: $44,520 (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 21851

• Home prices YoY: -4.0%
• Active inventory: 69
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,840 high
• Mortgage (P&I): −$834
• Tax from tax record: −$251 /mo · $3,007/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $303

Break-even live

Break-even rent $1,457

Max offer price $159,000

Occupancy floor 79%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
241 Morgans Ct Pocomoke City, MD	3.0	2.5	1304	$1,795	$1.38	13d	1	0.20mi
242 Morgans Ct Pocomoke City, MD	3.0	2.5	1304	$1,795	$1.38	13d	1	0.21mi
202 Carsons Ct Pocomoke City, MD	3.0	2.0	1472	$1,695	$1.15	13d	1	0.21mi
1513 Princess Anne Ln Pocomoke City, MD	3.0	2.0	1542	$1,950	$1.26	43d	1	0.25mi
621 Cedar St Pocomoke City, MD	3.0	2.5	1352	$2,195	$1.62	13d	1	0.61mi
2005 S Old Mill Dr Pocomoke City, MD	3.0	2.0	1373	$1,895	$1.38	13d	1	0.96mi
2007 S Old Mill Dr Pocomoke City, MD	3.0	2.0	1302	$1,895	$1.46	13d	1	0.97mi

Listing history 16 events

1. 2026-06-18
   days on market $159,000 Active 41 DOM
2. 2026-06-17
   days on market $159,000 Active 40 DOM
3. 2026-06-16
   days on market $159,000 Active 39 DOM
4. 2026-06-15
   days on market $159,000 Active 38 DOM
5. 2026-06-14
   days on market $159,000 Active 36 DOM
6. 2026-06-13
   pricedays on market $159,000 Active 35 DOM
7. 2026-06-10
   days on market $169,000 Active 33 DOM
8. 2026-06-09
   days on market $169,000 Active 32 DOM
9. 2026-06-08
   days on market $169,000 Active 31 DOM
10. 2026-06-07
    days on market $169,000 Active 30 DOM
11. 2026-06-02
    days on market $169,000 Active 25 DOM
12. 2026-06-01
    days on market $169,000 Active 24 DOM
13. 2026-05-31
    days on market $169,000 Active 23 DOM
14. 2026-05-30
    days on market $169,000 Active 22 DOM
15. 2026-05-08
    listed $169,000 Active 975-char remark
16. 1994-05-23
    soldstatus $63,000

ⓘ 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: $3,007 · $251/mo
• Projected year-2 tax: $3,007 · $251/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 5/10 Major FEMA zone X (unshaded) · 50% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,086
• − Mortgage interest: −$8,906
• − Property taxes: −$3,007
• − Insurance: −$795
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − Depreciation: −$4,625
• Taxable income: $1,218
• Est. tax owed @ 24.0%: −$292
• After-tax cash flow: $3,348/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: Worcester County Public Schools
• NCES district ID: 2400720
• Math proficiency: 30% ▼ -25.00%
• Reading proficiency: 44% ▼ -20.00%
• Median HH income: $56,748
• Composite: 32.6/100
• National rank: #5672
• State rank: #6 of 24 in MD

Livability — Pocomoke City

• Score: 71/100
• State rank: #157
• US rank: #7066

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pocomoke City, MD
• Population (ZIP): 7,252

Population outlook (Worcester County) Hauer SSP2

• Today (2025): 51,363 people
• By 2030: 51,191 · -0.3%
• By 2040: 50,459 · -1.8%
• By 2050: 49,451 · -3.7%
• By 2075: 48,533 · -5.5%
• By 2100: 44,223 · -13.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 54% Black 37% Two or more races 5% Asian 2% Hispanic / Latino 2%
• Common ancestry: Scandinavian 2% Romanian 2% Scotch-Irish 2%
• Foreign-born: 5% · Canada, Dominican Republic, Mexico
• Languages at home: 93% English-only · Other Asian/Pacific 1% Spanish 1% Vietnamese 1%

Political lean MEDSL · Worcester

• 2024 margin: Strong R (+22.0) · D 38.0% · R 60.0% · Other 2.0%
• 2008→2024 swing: -6.5pp toward R · 2008: -15.5pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.0 2016: R+27.9 2012: R+18.3 2008: R+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -10.03%
• Current HPI: 243.2329
• 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

+152.4% since first listed

3 events — show timeline

• 2026-06-10 Price Changed $159,000 BRIGHT MLS
• 2026-05-08 Listed $169,000 BRIGHT MLS
• 1994-05-23 Sold (Public Records) $63,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $3,007 · +9.9% YoY. Source: county tax records.