14818 Broadway Ave SW · Midland, MD 21532

$130,000

4 bd · 2.0 ba · 2,100 sqft · MultiFamily public records · 47 Days on market

Built 1920 4,247 sqft lot $62/sqft · 156% above area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Investment Opportunity with Built-In Income and Room to Grow! Add this duplex to your investment portfolio and start building income potential from day one. Each unit offers 2 bedrooms and 1 full bath, along with an eat-in kitchen, separate dining room, and large living room — giving tenants the space and comfort they look for in a rental. One unit is currently rented for $550 per month to a long-term tenant, with the tenant responsible for her own electric. The second unit is currently being completely remodeled and has a projected rental income of $800 per month, creating an excellent opportunity to increase cash flow once completed. The owner currently pays water and gas, with wa

Key facts

• Rear and side yard
• Enclosed rear porch
• Enclosed front porch

Tags

• ENCLOSED FRONT PORCH
• ENCLOSED REAR PORCH
• REAR AND SIDE YARD

Property features AI

Finance

• Other: Annually paid ground rent
• Financial info: Two total units, one currently leased; Existing lease type: yearly

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Detached structure; Good condition; Fee simple ownership
• Construction: Aluminum siding; Block and stone foundation; Shingle roof; Built (year per assessor)
• Exterior features: Level lot with rear yard and side yards; No tidal water

Interior

• Kitchen: Stove; Refrigerator
• Bedrooms: Two 2-bedroom units (multifamily)
• Flooring: Carpet; Laminate plank; Vinyl; Wood
• Heating & cooling: Forced air heating; Natural gas heating; Natural gas hot water
• Interior features: Paneled, plaster, and drywall walls and ceilings

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1-bath units multifamily listed at $130k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $501/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#359 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D, crime F, amenities F.
• Allegany County Public Schools (other): math 15% / reading 30% proficiency, ranked #18 of 24 in MD (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 102 active listings in the ZIP; 24 units permitted in Allegany County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Allegany County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 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 $40k; list at $130k implies a 225% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.75% ✓
• Cap rate: 15.54%
• Cash-on-cash: 33.01%
• DSCR: 2.47
• GRM: 4.8

CMA / ARV

• ARV (median comp): $50,817
• List price: $130,000
• Delta: 155.82%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4247 N Chestnut St	0.00mi	4/—	2,100 (0%)	12mo	$36,000	$17	90
14824 Back St	0.08mi	4/2.0	1,992 (-5%)	21mo	$70,000	$35	70

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: 28.2%
• Equity multiple: 2.17×
• Total profit: $42,678
• Equity at exit: $19,383

10-year hold

• IRR: 35.6%
• Equity multiple: 4.27×
• Total profit: $119,163
• Equity at exit: $11,240

Cash invested: $36,400 (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 21532

• Home prices YoY: -24.2%
• Active inventory: 102
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,275 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$60 /mo · $721/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $1,001

Break-even live

Break-even rent $1,008

Max offer price $130,000

Occupancy floor 51%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,276
Total (2 units)			$2,275

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $130,000 Active 47 DOM
2. 2026-06-18
   days on market $130,000 Active 46 DOM
3. 2026-06-17
   days on market $130,000 Active 45 DOM
4. 2026-06-16
   days on market $130,000 Active 44 DOM
5. 2026-06-15
   days on market $130,000 Active 43 DOM
6. 2026-06-14
   days on market $130,000 Active 41 DOM
7. 2026-06-12
   days on market $130,000 Active 40 DOM
8. 2026-06-09
   days on market $130,000 Active 37 DOM
9. 2026-06-08
   days on market $130,000 Active 36 DOM
10. 2026-06-07
    days on market $130,000 Active 35 DOM
11. 2026-06-02
    days on market $130,000 Active 30 DOM
12. 2026-06-01
    days on market $130,000 Active 29 DOM
13. 2026-05-31
    days on market $130,000 Active 28 DOM
14. 2026-05-30
    days on market $130,000 Active 27 DOM
15. 2026-05-03
    listed $130,000 Active 1300-char remark
16. 2026-04-29
    listed $850
17. 2026-04-28
    historical $850
18. 2026-04-24
    listed $850
19. 2005-06-27
    soldstatus $40,000

ⓘ 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: $721 · $60/mo
• Projected year-2 tax: $1,069 · $89/mo
• Expected delta: +$348/yr (+$29/mo · 48.3%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 8 d/yr ≥89°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,300
• − Mortgage interest: −$7,282
• − Property taxes: −$721
• − Insurance: −$650
• − Repairs & maintenance: −$2,184
• − Management: −$2,184
• − Depreciation: −$3,782
• Taxable income: $10,497
• Est. tax owed @ 24.0%: −$2,519
• After-tax cash flow: $9,496/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: Allegany County Public Schools
• NCES district ID: 2400030
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 30% ▼ -20.00%
• Median HH income: $39,760
• Composite: 18.95/100
• National rank: #8854
• State rank: #18 of 24 in MD

Livability — Midland

• Score: 60/100
• State rank: #359
• US rank: #19546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midland, MD
• City population: 161
• Population (ZIP): 13,123

Population outlook (Allegany County) Hauer SSP2

• Today (2025): 68,778 people
• By 2030: 66,766 · -2.9%
• By 2040: 62,784 · -8.7%
• By 2050: 59,179 · -14.0%
• By 2075: 50,732 · -26.2%
• By 2100: 40,837 · -40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 6% Two or more races 2% Hispanic / Latino 2% Asian 2%
• Common ancestry: Slovak 5% Romanian 2% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% English-only · Spanish 2% Chinese 1%

Political lean MEDSL · Allegany

• 2024 margin: Solid R (+40.3) · D 28.9% · R 69.2% · Other 2.0%
• 2008→2024 swing: -14.4pp toward R · 2008: -25.9pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+38.3 2016: R+48.0 2012: R+32.9 2008: R+25.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.31%
• Current HPI: 244.5937
• 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

+225.0% since first listed

6 events — show timeline

• 2026-05-30 Rental Removed $850 TURBOTENANT
• 2026-05-03 Listed $130,000 BRIGHT MLS
• 2026-04-29 Listed for Rent $850 TURBOTENANT
• 2026-04-28 Rental Removed $850 TURBOTENANT
• 2026-04-24 Listed for Rent $850 TURBOTENANT
• 2005-06-27 Sold (Public Records) $40,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $721 · +9.8% YoY. Source: county tax records.