7313 Canal St · Willards, MD 21874

$150,000

2 bd · 2.0 ba · 1,514 sqft · SingleFamily public records · 6 Days on market

Built 1933

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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 +19.2/30.0
• Appreciation +7.7/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• 1% rule +4.1/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks MLS

Excellent investment opportunity! This tenant-occupied duplex is available for purchase individually or as part of a package with additional income-producing properties

Key facts

• Built 1933
• Listed 6 days

🏷️ Possibly a rental listed for sale. The $150,000 price doesn't fit this home's estimated sale value (~$348,220) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/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 $136k (9.0% below list).
• Recommended offer: $136k (9.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#387 in MD) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, employment F.
• Wicomico County Public Schools (urban): math 16% / reading 26% proficiency, ranked #19 of 24 in MD (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Willards Elementary (math 5% / reading 15%, grade F, #602 of 860 statewide, top 71%, 309 students, 57% FRL); Pittsville Elementary & Middle (math 11% / reading 27%, grade F, #155 of 225 statewide, top 70%, 329 students, 55% FRL); Parkside High (math 52% / reading 59%, grade C, #85 of 222 statewide, top 39%, 1,160 students, 45% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: 13 active listings in the ZIP; 278 units permitted in Wicomico County in 2024 (44 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($1k loan paydown + $8k appreciation (5.5% local appreciation)).
• Wicomico County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.5% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $125k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1933 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,495 (9.0% below list)

Questions for the listing agent

1. Built in 1933 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.91% ✗
• Cap rate: 7.60%
• Cash-on-cash: 4.66%
• DSCR: 1.21
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $348,220
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7313 Canal St	0.00mi	3/2.0 (+1)	1,514 (0%)	2mo	$125,000	$83	94
7457 Market St	0.28mi	3/2.5 (+1)	1,440 (-5%)	3mo	$342,500	$238	70
7442 Main St	0.25mi	3/2.0 (+1)	1,364 (-10%)	3mo	$290,000	$213	65
7329 Market St	0.32mi	3/2.0 (+1)	1,611 (+6%)	23mo	$350,000	$217	51
7453 Market St	0.31mi	3/2.0 (+1)	1,337 (-12%)	16mo	$346,000	$259	48
7461 Market St	0.28mi	3/2.0 (+1)	1,307 (-14%)	15mo	$300,000	$230	46
0 Market St	0.35mi	3/2.0 (+1)	1,337 (-12%)	20mo	$339,900	$254	43
7339 Market St	0.29mi	2/1.0	1,295 (-14%)	24mo	$290,000	$224	38
36235 Old Ocean City Rd	0.38mi	3/2.5 (+1)	1,331 (-12%)	21mo	$312,785	$235	38
36130 Richland Rd	0.65mi	3/2.0 (+1)	1,344 (-11%)	15mo	$275,000	$205	33
6996 Powellville Rd	0.75mi	3/2.5 (+1)	1,688 (+12%)	15mo	$419,000	$248	27

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

Projected returns pro-forma

5.46% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.9%
• Equity multiple: 2.16×
• Total profit: $48,861
• Equity at exit: $89,220

10-year hold

• IRR: 17.8%
• Equity multiple: 4.26×
• Total profit: $136,910
• Equity at exit: $157,586

Cash invested: $42,000 (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 21874

• Home prices YoY: 2.1%
• Active inventory: 13
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,365 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$66 /mo · $795/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $163

Break-even live

Break-even rent $1,159

Max offer price $150,000

Occupancy floor 83%

Sensitivity live

Price	-10% $248	-5% $205	+0% $163	+5% $121	+10% $78
Rent	-10% $55	-5% $109	+0% $163	+5% $217	+10% $271
Rate	-1.0pp $238	-0.5pp $201	base $163	+0.5pp $124	+1.0pp $85

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-21
   days on market $150,000 Active 6 DOM
2. 2026-06-18
   days on market $150,000 Active 3 DOM
3. 2026-06-17
   days on market $150,000 Active 2 DOM
4. 2026-06-15
   remarks 170-char remark
5. 2026-06-15
   listed $150,000 Active 1 DOM

ⓘ 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: $795 · $66/mo
• Projected year-2 tax: $1,215 · $101/mo
• Expected delta: +$420/yr (+$35/mo · 52.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,379
• − Mortgage interest: −$8,402
• − Property taxes: −$795
• − Insurance: −$750
• − Repairs & maintenance: −$1,310
• − Management: −$1,310
• − Depreciation: −$4,364
• Taxable loss: −$552
• Est. tax savings @ 24.0%: +$133
• After-tax cash flow: $2,088/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: Wicomico County Public Schools
• NCES district ID: 2400690
• Math proficiency: 16% ▼ -18.00%
• Reading proficiency: 26% ▼ -13.00%
• Median HH income: $51,745
• Composite: 18.87/100
• National rank: #8860
• State rank: #19 of 24 in MD

Livability — Willards

• Score: 58/100
• State rank: #387
• US rank: #21084

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Willards, MD
• City population: 1,847
• Population (ZIP): 1,847

Population outlook (Wicomico County) Hauer SSP2

• Today (2025): 108,548 people
• By 2030: 111,783 · +3.0%
• By 2040: 118,139 · +8.8%
• By 2050: 123,641 · +13.9%
• By 2075: 139,784 · +28.8%
• By 2100: 145,334 · +33.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 20% Two or more races 12% Black 2%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Romanian 2% Russian 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 81% English-only · Spanish 17% Arabic 1% Other Asian/Pacific 1%

Political lean MEDSL · Wicomico

• 2024 margin: Lean R (+5.5) · D 46.1% · R 51.5% · Other 2.4%
• 2008→2024 swing: +0.3pp no change · 2008: -5.8pp · 2024: -5.5pp
• All cycles: 2024: R+5.5 2020: R+1.9 2016: R+11.6 2012: R+6.9 2008: R+5.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.46%
• Current HPI: 259.1252
• 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

+614.3% since first listed

18 events — show timeline

• 2026-06-11 Listed $150,000 Fizber.com
• 2026-05-11 Sold (Public Records) $125,000 Public Records
• 2026-04-29 Sold (MLS) $125,000 BRIGHT MLS
• 2026-04-29 Sold (MLS) $125,000 BRIGHT MLS
• 2026-02-28 Price Changed $130,000 BRIGHT MLS
• 2025-12-27 Contingent — BRIGHT MLS
• 2025-12-15 Price Changed $140,000 BRIGHT MLS
• 2025-12-15 Price Changed $140,000 BRIGHT MLS
• 2025-11-17 Price Changed $155,000 BRIGHT MLS
• 2025-11-17 Price Changed $155,000 BRIGHT MLS
• 2025-10-14 Price Changed $160,000 BRIGHT MLS
• 2025-10-14 Price Changed $160,000 BRIGHT MLS
• 2025-09-10 Listed $170,000 BRIGHT MLS
• 2025-09-10 Listed $170,000 BRIGHT MLS
• 2024-10-25 Sold (Public Records) $150,000 Public Records
• 2019-02-08 Sold (Public Records) $85,000 Public Records
• 2004-06-21 Sold (Public Records) $55,000 Public Records
• 1985-11-05 Sold (Public Records) $21,000 Public Records

Property tax history

-1.2%/yr

Latest (2025): $795 · +2.2% YoY. Source: county tax records.