111 N Ross St · Snow Hill, MD 21863

$139,900

3 bd · 1.0 ba · 1,520 sqft · SingleFamily public records · 241 Days on market

Built 1920 0.42 ac lot $92/sqft · 40% below area Est $232k · 40% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 1920 Home in the Heart of Snow Hill! Step back in time with this 1920-built home, ready for restoration. Featuring 3 bedrooms and 1 full bath, this property sits on a spacious 0.42-acre lot—a great space for gardening, outdoor entertaining, or even future expansion. You’ll love the prime location, just a short walk to downtown Snow Hill, where you can enjoy local shops, dining, and the scenic Pocomoke River. This home needs repair and is being sold as-is, offering an ideal opportunity for investors, renovators, or visionaries eager to bring new life to a classic Eastern Shore property. Endless potential to create something truly special!

Key facts

• Spacious lot
• Prime location
• Local shops

Tags

• SPACIOUS LOT
• PRIME LOCATION
• SHORT WALK TO DOWNTOWN
• LOCAL SHOPS
• SCENIC POCOMOKE RIVER
• GREAT SPACE FOR GARDENING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#167 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A-; Watch: amenities F, commute F, employment 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: 26 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $967 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 28y ago; this cycle's ask has dropped $39k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $140k implies a 141% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.75% ✓
• Cap rate: 15.04%
• Cash-on-cash: 31.24%
• DSCR: 2.39
• GRM: 4.8

CMA / ARV

• ARV (median comp): $232,122
• List price: $139,900
• Delta: -39.73%
• 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
309 W Market St	0.04mi	3/2.0	1,441 (-5%)	4mo	$225,000	$156	82
301 W Market St	0.10mi	4/2.0 (+1)	1,467 (-4%)	0mo	$344,000	$234	80
211 Market St	0.15mi	3/2.5	1,642 (+8%)	14mo	$310,000	$189	62
402 W Federal St	0.09mi	3/1.0	1,308 (-14%)	15mo	$70,000	$54	60
108 N Morris St	0.12mi	3/2.0	1,614 (+6%)	23mo	$299,900	$186	60
213 S Ross St	0.30mi	3/2.0	1,352 (-11%)	6mo	$130,000	$96	58
403 S Morris St	0.53mi	3/2.0	1,604 (+6%)	10mo	$305,000	$190	54
107 W Martin St	0.43mi	3/1.5	1,452 (-4%)	22mo	$230,000	$158	52
220 E Federal St	0.70mi	3/1.5	1,552 (+2%)	13mo	$170,000	$110	51
107 Belt St	0.59mi	4/1.5 (+1)	1,428 (-6%)	15mo	$250,000	$175	43
115 Purnell St	0.70mi	3/2.5	1,344 (-12%)	2mo	$235,000	$175	40
111 Purnell St	0.68mi	2/1.0 (-1)	1,352 (-11%)	11mo	$204,000	$151	35

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: 9.9%
• Equity multiple: 1.39×
• Total profit: $15,381
• Equity at exit: $20,860

10-year hold

• IRR: 19.2%
• Equity multiple: 2.61×
• Total profit: $63,133
• Equity at exit: $12,096

Cash invested: $39,172 (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 21863

• Home prices YoY: -12.0%
• Active inventory: 26
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $2,450 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$124 /mo · $1,485/yr
• Insurance: −$58
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $593

Break-even live

Break-even rent $1,699

Max offer price $139,900

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
211 W Market St Snow Hill, MD	3.0	2.5	1642	$2,450	$1.49	43d	1	0.18mi

Listing history 23 events

1. 2026-06-18
   days on market $139,900 Active 241 DOM
2. 2026-06-17
   days on market $139,900 Active 240 DOM
3. 2026-06-16
   days on market $139,900 Active 239 DOM
4. 2026-06-15
   days on market $139,900 Active 238 DOM
5. 2026-06-14
   days on market $139,900 Active 236 DOM
6. 2026-06-13
   days on market $139,900 Active 235 DOM
7. 2026-06-10
   days on market $139,900 Active 233 DOM
8. 2026-06-09
   days on market $139,900 Active 232 DOM
9. 2026-06-08
   days on market $139,900 Active 231 DOM
10. 2026-06-07
    days on market $139,900 Active 230 DOM
11. 2026-06-02
    days on market $139,900 Active 225 DOM
12. 2026-06-01
    days on market $139,900 Active 224 DOM
13. 2026-05-31
    days on market $139,900 Active 223 DOM
14. 2026-05-30
    days on market $139,900 Active 222 DOM
15. 2026-04-15
    price $139,900 666-char remark

    Show marketing remark (666 chars)

    Charming 1920 Home in the Heart of Snow Hill! Step back in time with this 1920-built home, ready for restoration. Featuring 3 bedrooms and 1 full bath, this property sits on a spacious 0.42-acre lot—a great space for gardening, outdoor entertaining, or even future expansion. You’ll love the prime location, just a short walk to downtown Snow Hill, where you can enjoy local shops, dining, and the scenic Pocomoke River. This home needs repair and is being sold as-is, offering an ideal opportunity for investors, renovators, or visionaries eager to bring new life to a classic Eastern Shore property. Endless potential to create something truly special!

16. 2026-03-06
    price $150,000 666-char remark

    Show marketing remark (666 chars)

    Charming 1920 Home in the Heart of Snow Hill! Step back in time with this 1920-built home, ready for restoration. Featuring 3 bedrooms and 1 full bath, this property sits on a spacious 0.42-acre lot—a great space for gardening, outdoor entertaining, or even future expansion. You’ll love the prime location, just a short walk to downtown Snow Hill, where you can enjoy local shops, dining, and the scenic Pocomoke River. This home needs repair and is being sold as-is, offering an ideal opportunity for investors, renovators, or visionaries eager to bring new life to a classic Eastern Shore property. Endless potential to create something truly special!

17. 2025-11-14
    price $165,000 666-char remark

    Show marketing remark (666 chars)

    Charming 1920 Home in the Heart of Snow Hill! Step back in time with this 1920-built home, ready for restoration. Featuring 3 bedrooms and 1 full bath, this property sits on a spacious 0.42-acre lot—a great space for gardening, outdoor entertaining, or even future expansion. You’ll love the prime location, just a short walk to downtown Snow Hill, where you can enjoy local shops, dining, and the scenic Pocomoke River. This home needs repair and is being sold as-is, offering an ideal opportunity for investors, renovators, or visionaries eager to bring new life to a classic Eastern Shore property. Endless potential to create something truly special!

18. 2025-10-20
    listed $179,000 Active 666-char remark

    Show marketing remark (666 chars)

    Charming 1920 Home in the Heart of Snow Hill! Step back in time with this 1920-built home, ready for restoration. Featuring 3 bedrooms and 1 full bath, this property sits on a spacious 0.42-acre lot—a great space for gardening, outdoor entertaining, or even future expansion. You’ll love the prime location, just a short walk to downtown Snow Hill, where you can enjoy local shops, dining, and the scenic Pocomoke River. This home needs repair and is being sold as-is, offering an ideal opportunity for investors, renovators, or visionaries eager to bring new life to a classic Eastern Shore property. Endless potential to create something truly special!

19. 2000-08-15
    soldstatus $58,000
20. 1999-07-28
    soldstatus $31,500 99-char remark

    Show marketing remark (99 chars)

    NICE HOUSE WITH A LARGE DECK, CITY SERVICES, LARGE LOT, GOOD INVESTMENT PROPERTY, BEING SOLD AS IS.

21. 1999-07-02
    listed $36,900 99-char remark

    Show marketing remark (99 chars)

    NICE HOUSE WITH A LARGE DECK, CITY SERVICES, LARGE LOT, GOOD INVESTMENT PROPERTY, BEING SOLD AS IS.

22. 1999-03-15
    historical
23. 1998-09-24
    listed $39,900

ⓘ 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: $1,485 · $124/mo
• Projected year-2 tax: $1,505 · $125/mo
• Expected delta: +$20/yr (+$2/mo · 1.3%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone AE · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 17 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: $29,400
• − Mortgage interest: −$7,837
• − Property taxes: −$1,485
• − Insurance: −$5,818
• − Repairs & maintenance: −$2,352
• − Management: −$2,352
• − Depreciation: −$4,070
• Taxable income: $5,486
• Est. tax owed @ 24.0%: −$1,317
• After-tax cash flow: $5,802/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 — Snow Hill

• Score: 70/100
• State rank: #167
• US rank: #7515

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Snow Hill, MD
• Population (ZIP): 5,202

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: Predominantly White (71%)
• Race & ethnicity: White 71% Black 22% Two or more races 5% Hispanic / Latino 3% Asian 1%
• Common ancestry: Slovak 2% Romanian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 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: ▼ -39.78%
• Current HPI: 291.6294
• 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

+250.6% since first listed

9 events — show timeline

• 2026-04-15 Price Changed $139,900 BRIGHT MLS
• 2026-03-06 Price Changed $150,000 BRIGHT MLS
• 2025-11-14 Price Changed $165,000 BRIGHT MLS
• 2025-10-20 Listed $179,000 BRIGHT MLS
• 2000-08-15 Sold (Public Records) $58,000 Public Records
• 1999-07-28 Sold (MLS) $31,500 BRIGHT MLS
• 1999-07-02 Listed $36,900 BRIGHT MLS
• 1999-03-15 Listing Removed — BRIGHT MLS
• 1998-09-24 Listed $39,900 BRIGHT MLS

Property tax history

+2.1%/yr

Latest (2025): $1,485 · +1.9% YoY. Source: county tax records.