204 Soft Rush Ln · La Plata, MD 20646

$399,990

4 bd · 3.5 ba · 1,889 sqft · Townhouse · 14 Days on market

Built 2026 Excellent condition 1,840 sqft lot Est $400k · at est. $142/mo HOA · 4% of rent

---

Why this score? — see what drove the D 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 +14.1/30.0
• ARV discount +7.6/15.0
• Condition / age +5.0/5.0
• DSCR +4.3/10.0
• Livability +3.7/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Pinegrove in La Plata, Maryland, where comfort, style, and convenience come together in this beautiful Adams floor plan townhome by D. R. Horton. Scheduled for July delivery, this is the perfect opportunity to move into a brand new construction home in time for summer. The Adams townhome offers approximately 1,889 square feet of thoughtfully designed living space with 4 bedrooms, 3.5 bathrooms, and a 1 car garage. The open concept main level creates a warm and inviting atmosphere that is perfect for everyday living and entertaining. The spacious kitchen is the heart of the home and features quartz countertops, a large center island, modern cabinetry, and stainless steel appliance

Key facts

• Quartz countertops
• Large center island
• Modern cabinetry

Tags

• NEW CONSTRUCTION HOME
• OPEN CONCEPT MAIN LEVEL
• SPACIOUS KITCHEN
• QUARTZ COUNTERTOPS
• LARGE CENTER ISLAND
• MODERN CABINETRY

Property features AI

Finance

• Other: Pets allowed with no pet restrictions
• HOA & community: HOA fee of $142 monthly; Front foot fee of $300 annually

Exterior

• Parking: Attached front-entry garage with 2 spaces
• Utilities: Public water; Public sewer; Electric hot water; Cable TV available; Phone available; Underground utilities; Sewer available; Water available
• Home design: Interior townhouse/rowhouse; Built by D. R. Horton homes (construction not completed); Excellent property condition; Fee simple ownership; Architectural shingle roof; Estimated year built
• Construction: Frame construction with concrete elements; Shingle siding and vinyl siding; Batts and blown-in insulation; Slab foundation; Double-pane, energy-efficient Low-E vinyl-clad windows with screens
• Exterior features: Not in a federal flood zone; Above-grade additional structure; No tidal water

Interior

• Kitchen: ENERGY STAR dishwasher; ENERGY STAR refrigerator; Icemaker; Microwave; Electric oven/range; Stainless steel appliances; Refrigerator
• Basement: Fully finished basement
• Bedrooms: Three bedrooms on upper level; One bedroom on main level
• Flooring: Carpet
• Bathrooms: Three full bathrooms; One half bathroom (upper level)
• Heating & cooling: Energy Star heating system with electric fuel; Programmable thermostat; Central air (electric)
• Interior features: Open floor plan; Recessed lighting; Master bath(s); Walk-in closet(s); Sliding glass door; Drywall walls and ceilings; Carpeted areas
• Laundry & utility: Washer/dryer hookups; High-efficiency water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath townhouse listed at $400k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $59 ($704/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $325k (18.7% below list).
• Recommended offer: $325k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.6% in La Plata — 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 73/100 on livability (#132 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, commute B; Watch: health & safety C-, amenities F, cost of living F.
• Charles County Public Schools (suburban): math 13% / reading 29% proficiency, ranked #14 of 24 in MD (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Mary H. Matula Elementary School (math 14% / reading 23%, grade F, #393 of 860 statewide, top 46%, 551 students, 36% FRL); Milton M. Somers Middle School (math 15% / reading 36%, grade F, #97 of 225 statewide, top 46%, 666 students, 39% FRL); La Plata High School (math 51% / reading 74%, grade B-, #62 of 222 statewide, top 29%, 1,222 students, 25% FRL).
• Zoned-school proficiency averages 36% at this address vs 21% district-wide (+14 pts) — the actual schools serving this property are materially stronger than the Charles County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 221 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,542 units permitted in Charles County in 2024 (516 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Charles County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $325,019 (18.7% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 0.81% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.63%
• DSCR: 1.03
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $400,468
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 Soft Rush Ln	0.05mi	4/3.5	1,889 (0%)	2mo	$399,990	$212	96
230 Soft Rush Ln	0.06mi	4/3.5	1,889 (0%)	2mo	$399,990	$212	96
446 Whirl Ln	0.05mi	4/3.5	1,889 (0%)	3mo	$409,990	$217	96
444 Whirl Ln	0.05mi	4/3.5	1,889 (0%)	3mo	$399,990	$212	95
436 Whirl Ln	0.05mi	4/3.5	1,889 (0%)	3mo	$399,990	$212	95
426 Whirl Ln	0.06mi	4/3.5	1,889 (0%)	3mo	$396,115	$210	95
242 Soft Rush Ln	0.07mi	4/3.5	1,889 (0%)	3mo	$389,990	$206	94
442 Whirl Ln	0.05mi	3/3.5 (-1)	2,020 (+7%)	0mo	$424,990	$210	81
226 Soft Rush Ln	0.05mi	3/3.5 (-1)	2,020 (+7%)	1mo	$445,990	$221	80
438 Whirl Ln	0.05mi	3/3.5 (-1)	2,020 (+7%)	2mo	$429,990	$213	79
430 Whirl Ln	0.06mi	3/3.5 (-1)	2,020 (+7%)	3mo	$434,990	$215	78
424 Whirl Ln	0.06mi	3/3.5 (-1)	2,020 (+7%)	3mo	$439,990	$218	78

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: -15.3%
• Equity multiple: 0.45×
• Total profit: $-61,187
• Equity at exit: $59,640

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-48,908
• Equity at exit: $34,584

Cash invested: $111,997 (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 20646

• Active inventory: 221
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $3,250 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$103 /mo · $1,233/yr
• Insurance: −$167
• HOA: −$142
• Vacancy / Maint / Mgmt: −$683
• Net cashflow: $59

Break-even live

Break-even rent $3,176

Max offer price $399,990

Occupancy floor 93%

Sensitivity live

Price	-10% $285	-5% $172	+0% $59	+5% $-55	+10% $-168
Rent	-10% $-198	-5% $-70	+0% $59	+5% $187	+10% $315
Rate	-1.0pp $260	-0.5pp $160	base $59	+0.5pp $-45	+1.0pp $-150

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: $99,998
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
436 Whirl Ln La Plata, MD	4.0	3.5	1889	$3,100	$1.64	0d	1	0.06mi
436 Whirl Ln La Plata, MD	4.0	3.5	1889	$3,300	$1.75	26d	1	0.06mi
280 Soft Rush Ln La Plata, MD	3.0	3.5	2061	$3,400	$1.65	20d	1	0.14mi
109 Shallow Brook Way La Plata, MD	4.0	2.5	2340	$3,700	$1.58	45d	1	1.18mi
1056 Rye Dr La Plata, MD	4.0	3.5	2336	$3,000	$1.28	45d	1	1.40mi
14 Chesapeake St La Plata, MD	3.0	2.5	1732	$3,000	$1.73	45d	1	1.46mi

HOA detail

• Monthly dues: $142 · $1,704/yr

Listing history 10 events

1. 2026-06-13
   statusdays on market $399,990 Pending 14 DOM
2. 2026-06-09
   days on market $399,990 Active 13 DOM
3. 2026-06-08
   days on market $399,990 Active 12 DOM
4. 2026-06-07
   days on market $399,990 Active 11 DOM
5. 2026-06-04
   days on market $399,990 Active 8 DOM
6. 2026-06-03
   days on market $399,990 Active 7 DOM
7. 2026-06-02
   days on market $399,990 Active 6 DOM
8. 2026-06-01
   days on market $399,990 Active 5 DOM
9. 2026-05-31
   days on market $399,990 Active 4 DOM
10. 2026-05-27
    listed $399,990 Active

ⓘ 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: $1,233 · $103/mo
• Projected year-2 tax: $2,796 · $233/mo
• Expected delta: +$1,564/yr (+$130/mo · 126.8%)

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

Taxation est. · year 1

• Rental income: $39,002
• − Mortgage interest: −$22,406
• − Property taxes: −$1,233
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,120
• − Management: −$3,120
• − HOA: −$1,704
• − Depreciation: −$11,636
• Taxable loss: −$6,217
• Est. tax savings @ 24.0%: +$1,492
• After-tax cash flow: $2,196/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This brand new construction townhouse is move-in ready with no repairs or maintenance needed. It offers a spacious layout, modern finishes, and a beautiful exterior, making it an excellent investment opportunity.

Value-add opportunities

• Both Landscaping — Enhances curb appeal and adds value
• Both Painting — Fresh paint can make a home more appealing
• Both Flooring — New flooring can improve the home's appearance and functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping — Enhances curb appeal and adds value ↑
• Both Painting — Fresh paint can make a home more appealing ↑
• Both Flooring — New flooring can improve the home's appearance and functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Charles County Public Schools
• NCES district ID: 2400270
• Math proficiency: 13% ▼ -19.00%
• Reading proficiency: 29% ▼ -13.00%
• Median HH income: $90,389
• Composite: 22.54/100
• National rank: #8087
• State rank: #14 of 24 in MD

Livability — La Plata

• Score: 73/100
• State rank: #132
• US rank: #5547

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Plata, MD
• Population (ZIP): 21,601

Population outlook (Charles County) Hauer SSP2

• Today (2025): 176,616 people
• By 2030: 186,471 · +5.6%
• By 2040: 206,472 · +16.9%
• By 2050: 224,883 · +27.3%
• By 2075: 272,101 · +54.1%
• By 2100: 303,564 · +71.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 62% Black 24% Two or more races 8% Hispanic / Latino 4% Asian 3%
• Common ancestry: Italian 3% Romanian 2% Iranian 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 2% Tagalog/Filipino 1%

Political lean MEDSL · Charles

• 2024 margin: Solid D (+40.7) · D 69.2% · R 28.5% · Other 2.2%
• 2008→2024 swing: +15.2pp toward D · 2008: 25.5pp · 2024: 40.7pp
• All cycles: 2024: D+40.7 2020: D+40.9 2016: D+30.2 2012: D+31.3 2008: D+25.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.48%
• Current HPI: 238.0634
• 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

1 event — show timeline

• 2026-05-27 Listed $399,990 BRIGHT MLS