212 S Main St · North East, MD 21901

$225,000

6 bd · 2.0 ba · 2,096 sqft · Townhouse public records · 29 Days on market

Built 1900 7,230 sqft lot $107/sqft · at area comps Est $236k · at est.

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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 +24.9/30.0
• ARV discount +9.6/15.0
• DSCR +8.1/10.0
• 1% rule +6.5/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Br, 2ba 1/2 a duplex with apartment in back with 2BR, 1BA. One-car garage. Wall-to-wall carpet.

Key facts

• 7,230 sq ft lot
• Garage
• Built 1900

Property features AI

Exterior

• Parking: Detached garage (front entry); Driveway; Total of 1 garage parking space
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Frame construction
• Construction: Frame construction; Other foundation type
• Exterior features: Above-grade and below-grade structures noted; Located in city limits (North East)

Interior

• Bedrooms: One 1-bedroom unit; One 2-bedroom unit
• Heating & cooling: Baseboard electric heating; Window air conditioning units (electric)
• Interior features: Semi-detached structure

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath townhouse listed at $225k.

Deal economics

• At list price, monthly cash flow is $485 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $222k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 3.1% in North East — 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 70/100 on livability (#164 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, schools D-, crime D-.
• Cecil County Public Schools (rural): math 15% / reading 30% proficiency, ranked #15 of 24 in MD (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.4%/yr); 158 active listings in the ZIP; high-income renter base; 563 units permitted in Cecil County in 2024 (330 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 30y ago 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 $105k; list at $225k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $221,625 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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. Crime grade is D 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: 1.15% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.24%
• DSCR: 1.41
• GRM: 7.2

CMA / ARV

• ARV (median comp): $236,198
• List price: $225,000
• Delta: -4.74%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.41% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-4,432
• Equity at exit: $33,548

10-year hold

• IRR: 8.3%
• Equity multiple: 1.64×
• Total profit: $40,564
• Equity at exit: $19,454

Cash invested: $63,000 (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 21901

• Home prices YoY: -34.5%
• Rents YoY: 3.4%
• Active inventory: 158
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,593 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$289 /mo · $3,472/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $485

Break-even live

Break-even rent $1,978

Max offer price $225,000

Occupancy floor 76%

Sensitivity live

Price	-10% $613	-5% $549	+0% $485	+5% $422	+10% $358
Rent	-10% $280	-5% $383	+0% $485	+5% $588	+10% $690
Rate	-1.0pp $599	-0.5pp $543	base $485	+0.5pp $427	+1.0pp $368

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-04-24
   listed $225,000 Active 333-char remark
2. 2004-06-15
   soldstatus $105,000 97-char remark

   Show marketing remark (97 chars)

   3 Br, 2ba 1/2 a duplex with apartment in back with 2BR, 1BA. One-car garage. Wall-to-wall carpet.

3. 2004-05-21
   listed $119,900 97-char remark

   Show marketing remark (97 chars)

   3 Br, 2ba 1/2 a duplex with apartment in back with 2BR, 1BA. One-car garage. Wall-to-wall carpet.

4. 2004-05-21
   historical 97-char remark

   Show marketing remark (97 chars)

   3 Br, 2ba 1/2 a duplex with apartment in back with 2BR, 1BA. One-car garage. Wall-to-wall carpet.

5. 1996-10-28
   soldstatus $150,000
6. 1996-10-19
   soldstatus $75,000
7. 1996-09-11
   historical
8. 1996-08-22
   listed $74,000
9. 1986-05-19
   soldstatus $50,000

ⓘ 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: $3,472 · $289/mo
• Projected year-2 tax: $3,472 · $289/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 3/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,113
• − Mortgage interest: −$12,603
• − Property taxes: −$3,472
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,489
• − Management: −$2,489
• − Depreciation: −$6,545
• Taxable income: $2,389
• Est. tax owed @ 24.0%: −$573
• After-tax cash flow: $5,250/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: Cecil County Public Schools
• NCES district ID: 2400240
• Math proficiency: 15% ▼ -21.00%
• Reading proficiency: 30% ▼ -15.00%
• Median HH income: $66,544
• Composite: 21.51/100
• National rank: #8322
• State rank: #15 of 24 in MD

Livability — North East

• Score: 70/100
• State rank: #164
• US rank: #7366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North East, MD
• County: Cecil County · 65,041 people
• City population: 19,514
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 19,514
• Household income: $113,719
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 427.0

Population outlook (Cecil County) Hauer SSP2

• Today (2025): 105,877 people
• By 2030: 106,905 · +1.0%
• By 2040: 107,156 · +1.2%
• By 2050: 104,170 · -1.6%
• By 2075: 95,771 · -9.5%
• By 2100: 82,381 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 7% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Italian 4% Romanian 4% Slovak 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% German/W. Germanic 0%

Political lean MEDSL · Cecil

• 2024 margin: Solid R (+30.9) · D 33.5% · R 64.4% · Other 2.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -14.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+26.6 2016: R+35.3 2012: R+20.4 2008: R+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.98%
• Current HPI: 236.852
• Rent YoY: ▲ 3.41%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+350.0% since first listed

10 events — show timeline

• 2026-05-23 Pending — BRIGHT MLS
• 2026-04-24 Listed $225,000 BRIGHT MLS
• 2004-06-15 Sold (MLS) $105,000 MRIS
• 2004-05-21 Listed $119,900 MRIS
• 2004-05-21 Delisted — MRIS
• 1996-10-28 Sold (Public Records) $150,000 Public Records
• 1996-10-19 Sold (MLS) $75,000 MRIS
• 1996-09-11 Delisted — MRIS
• 1996-08-22 Listed $74,000 MRIS
• 1986-05-19 Sold (Public Records) $50,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $3,472 · +6.1% YoY. Source: county tax records.