209 Garner Ave · Waldorf, MD 20602

$329,000

3 bd · 1.0 ba · 1,157 sqft · SingleFamily public records · 199 Days on market

Built 1966 10,200 sqft lot $284/sqft · 12% below area Est $374k · 12% under

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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).

• ARV discount +12.9/15.0
• Cash flow +10.8/30.0
• Livability +3.6/5.0
• DSCR +3.1/10.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great potential !3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen Lot of sunlight, nice backyard deck for your morning coffee. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. !

Key facts

• Nice backyard deck
• Spacious kitchen
• Open car port

Tags

• SPACIOUS KITCHEN
• NICE BACKYARD DECK
• OPEN CAR PORT
• EXTRA STORAGE ROOM
• TWO SHEDS
• CLOSE TO SHOPPING CENTERS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $329k.

Deal economics

• At list price, monthly cash flow is $-148 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $303k (8.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $263k (20.2% below list).
• Recommended offer: $263k (20.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#141 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: schools D+, crime D-, amenities 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.
• Market conditions: 93 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $2k of loan paydown is wiped out by about $10k 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

• It's been on market 199 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 24y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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 $262,700 (20.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 199 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.80% ✗
• Cap rate: 5.75%
• Cash-on-cash: -1.93%
• DSCR: 0.91
• GRM: 10.4

CMA / ARV

• ARV (median comp): $373,592
• List price: $329,000
• Delta: -11.94%
• 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
137 Garner Ave	0.12mi	3/1.0	1,157 (0%)	4mo	$329,900	$285	91
1102 Copley Ave	0.11mi	3/1.0	1,157 (0%)	6mo	$337,500	$292	90
1016 Stone Ave	0.22mi	3/1.5	1,157 (0%)	7mo	$345,000	$298	82
906 Waddell Rd	0.39mi	3/1.0	1,157 (0%)	9mo	$370,000	$320	75
132 Garner Ave	0.18mi	3/1.5	1,308 (+13%)	0mo	$380,000	$291	68
1004 Stone Ave	0.29mi	3/2.0	1,157 (0%)	19mo	$369,900	$320	67
4076 Hamlin Ln	0.20mi	4/1.5 (+1)	1,270 (+10%)	14mo	$385,000	$303	56
306 Garner Ave	0.27mi	3/1.5	1,270 (+10%)	20mo	$368,000	$290	52
11102 Greenwell Pl	0.51mi	3/2.0	1,199 (+4%)	21mo	$355,000	$296	49
1104 University Pl	0.38mi	4/2.0 (+1)	1,014 (-12%)	8mo	$399,900	$394	46
225 Garner Ave	0.12mi	4/2.0 (+1)	1,326 (+15%)	19mo	$395,000	$298	45
531 Garner Ave	0.53mi	3/1.5	1,308 (+13%)	8mo	$365,000	$279	45

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: -19.5%
• Equity multiple: 0.32×
• Total profit: $-62,741
• Equity at exit: $49,055

10-year hold

• IRR: -12.2%
• Equity multiple: 0.28×
• Total profit: $-66,750
• Equity at exit: $28,446

Cash invested: $92,120 (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 20602

• Active inventory: 93
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,627 high
• Mortgage (P&I): −$1,725
• Tax from tax record: −$361 /mo · $4,333/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $-148

Break-even live

Break-even rent $2,815

Max offer price $302,824

Occupancy floor —

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: $82,250
• Closing costs: $9,870
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 Tyler Ct Waldorf, MD	3.0	1.5	1315	$2,600	$1.98	21d	1	0.26mi
1015 Copperfield Ct Waldorf, MD	3.0	2.5	1380	$2,600	$1.88	21d	1	0.50mi
1718 Brightwell Ct Waldorf, MD	3.0	1.5	1056	$2,195	$2.08	21d	1	0.95mi
3379 Justice Ct Waldorf, MD	3.0	1.5	1085	$1,975	$1.82	5d	1	1.06mi
3560 Malvern St Waldorf, MD	1.0–3.0	1.0–2.5	1422	$3,356	$2.36	1d	39	1.08mi
4503 Ruston Pl Unit 43M Waldorf, MD	3.0	1.5	1076	$2,300	$2.14	11d	1	1.22mi
4703 Rookewood Pl Unit 28K Waldorf, MD	3.0	2.5	1350	$2,500	$1.85	43d	1	1.29mi
3336 Fordington Pl Waldorf, MD	3.0	3.5	1420	$2,650	$1.87	12d	1	1.33mi
4018 Bluebird Dr Unit 4018 Waldorf, MD	3.0	1.5	1200	$2,500	$2.08	21d	1	1.46mi
4121 Bluebird Dr Waldorf, MD	3.0	1.5	1200	$1,850	$1.54	24d	1	1.48mi
4070 Bluebird Dr Waldorf, MD	3.0	2.5	1335	$2,200	$1.65	24d	1	1.48mi
3053 Heathcote Rd Waldorf, MD	3.0	1.5	1034	$2,300	$2.22	43d	1	1.50mi

Listing history 48 events

1. 2026-06-18
   days on market $329,000 Active 199 DOM
2. 2026-06-17
   days on market $329,000 Active 198 DOM
3. 2026-06-16
   days on market $329,000 Active 197 DOM
4. 2026-06-15
   days on market $329,000 Active 196 DOM
5. 2026-06-13
   days on market $329,000 Active 194 DOM
6. 2026-06-10
   days on market $329,000 Active 190 DOM
7. 2026-06-08
   days on market $329,000 Active 189 DOM
8. 2026-06-07
   days on market $329,000 Active 188 DOM
9. 2026-06-04
   days on market $329,000 Active 185 DOM
10. 2026-06-03
    days on market $329,000 Active 184 DOM
11. 2026-06-02
    days on market $329,000 Active 183 DOM
12. 2026-06-01
    days on market $329,000 Active 182 DOM
13. 2026-05-31
    days on market $329,000 Active 181 DOM
14. 2026-01-06
    price $329,000 295-char remark

    Show marketing remark (295 chars)

    Great potential !3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen Lot of sunlight, nice backyard deck for your morning coffee. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. !

15. 2025-12-01
    listed $339,000 Active 295-char remark

    Show marketing remark (295 chars)

    Great potential !3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen Lot of sunlight, nice backyard deck for your morning coffee. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. !

16. 2021-10-15
    soldstatus $313,000
17. 2021-10-05
    price $295,000 421-char remark

    Show marketing remark (421 chars)

    Beautiful 3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen with very nice backsplash. Lot of sunlight, nice backyard deck for your morning coffee. Roof is little over 10 years old, furnace and hot water heater replaced in 2013. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. Price to sell. Must see it!

18. 2021-10-04
    soldstatus $313,000 Closed 421-char remark

    Show marketing remark (421 chars)

    Beautiful 3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen with very nice backsplash. Lot of sunlight, nice backyard deck for your morning coffee. Roof is little over 10 years old, furnace and hot water heater replaced in 2013. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. Price to sell. Must see it!

19. 2021-08-31
    status Pending 421-char remark

    Show marketing remark (421 chars)

    Beautiful 3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen with very nice backsplash. Lot of sunlight, nice backyard deck for your morning coffee. Roof is little over 10 years old, furnace and hot water heater replaced in 2013. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. Price to sell. Must see it!

20. 2021-08-31
    price $320,000 421-char remark

    Show marketing remark (421 chars)

    Beautiful 3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen with very nice backsplash. Lot of sunlight, nice backyard deck for your morning coffee. Roof is little over 10 years old, furnace and hot water heater replaced in 2013. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. Price to sell. Must see it!

21. 2021-08-26
    listed $295,500 Active 421-char remark

    Show marketing remark (421 chars)

    Beautiful 3 bedroom, 1 full bath rambler in Southern Maryland off Rt 301. Spacious kitchen with very nice backsplash. Lot of sunlight, nice backyard deck for your morning coffee. Roof is little over 10 years old, furnace and hot water heater replaced in 2013. Open car port for parking with extra storage room and two sheds. Very well kept. Close to shopping centers, schools and so much more. Price to sell. Must see it!

22. 2015-10-30
    soldstatus $179,000
23. 2015-10-14
    historical
24. 2015-10-14
    historical
25. 2015-10-13
    soldstatus $179,000 Sold
26. 2015-10-13
    soldstatus $179,000
27. 2015-08-26
    status Contract
28. 2015-07-06
    price $179,900
29. 2015-06-01
    listed $184,900 Active
30. 2015-06-01
    listed $179,900
31. 2015-02-24
    historical Temporarily Off-Market
32. 2015-02-24
    historical
33. 2015-02-23
    status Active
34. 2015-02-12
    historical Temporarily Off-Market
35. 2015-02-11
    listed Active
36. 2015-02-11
    listed $180,000
37. 2006-02-10
    soldstatus $259,900
38. 2005-12-30
    soldstatus $260,000
39. 2005-11-26
    historical
40. 2005-11-03
    listed $259,900
41. 2005-10-31
    historical
42. 2005-10-03
    listed
43. 2003-01-23
    soldstatus $143,000
44. 2003-01-21
    soldstatus $143,000
45. 2002-10-08
    historical
46. 2002-10-02
    listed $140,000
47. 1995-05-05
    soldstatus $115,360
48. 1989-03-20
    soldstatus $93,000

ⓘ 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: $4,333 · $361/mo
• Projected year-2 tax: $4,333 · $361/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% 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: $31,524
• − Mortgage interest: −$18,429
• − Property taxes: −$4,333
• − Insurance: −$1,645
• − Repairs & maintenance: −$2,522
• − Management: −$2,522
• − Depreciation: −$9,571
• Taxable loss: −$7,498
• Est. tax savings @ 24.0%: +$1,800
• After-tax cash flow: $21/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: 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 — Waldorf

• Score: 72/100
• State rank: #141
• US rank: #6083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waldorf, MD
• County: Charles County · 103,527 people
• City population: 103,527
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 28,331
• Household income: $107,360
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 867.0

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 0.57)
• Race & ethnicity: Black 62% White 19% Two or more races 11% Hispanic / Latino 9% Asian 2%
• Common ancestry: Lithuanian 1% Iranian 1% Italian 1%
• Foreign-born: 11% · Canada, South Korea, Jamaica
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 1% 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: ▼ -261.39%
• Current HPI: 267.3445
• Rent YoY: —
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• 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

+253.8% since first listed

35 events — show timeline

• 2026-01-06 Price Changed $329,000 BRIGHT MLS
• 2025-12-01 Listed $339,000 BRIGHT MLS
• 2021-10-15 Sold (Public Records) $313,000 Public Records
• 2021-10-05 Price Changed $295,000 BRIGHT MLS
• 2021-10-04 Sold (MLS) $313,000 BRIGHT MLS
• 2021-08-31 Pending — BRIGHT MLS
• 2021-08-31 Price Changed $320,000 BRIGHT MLS
• 2021-08-26 Listed $295,500 BRIGHT MLS
• 2015-10-30 Sold (Public Records) $179,000 Public Records
• 2015-10-14 Delisted — MRIS
• 2015-10-14 Listing Removed — BRIGHT MLS
• 2015-10-13 Sold (MLS) $179,000 BRIGHT MLS
• 2015-10-13 Sold (MLS) $179,000 MRIS
• 2015-08-26 Pending — MRIS
• 2015-07-06 Price Changed $179,900 MRIS
• 2015-06-01 Listed $184,900 MRIS
• 2015-06-01 Listed $179,900 BRIGHT MLS
• 2015-02-24 Listing Removed — BRIGHT MLS
• 2015-02-24 Delisted — MRIS
• 2015-02-23 Relisted — MRIS
• 2015-02-12 Delisted — MRIS
• 2015-02-11 Listed $180,000 BRIGHT MLS
• 2015-02-11 Listed — MRIS
• 2006-02-10 Sold (Public Records) $259,900 Public Records
• 2005-12-30 Sold (MLS) $260,000 MRIS
• 2005-11-26 Delisted — MRIS
• 2005-11-03 Listed $259,900 MRIS
• 2005-10-31 Delisted — MRIS
• 2005-10-03 Listed — MRIS
• 2003-01-23 Sold (Public Records) $143,000 Public Records
• 2003-01-21 Sold (MLS) $143,000 MRIS
• 2002-10-08 Delisted — MRIS
• 2002-10-02 Listed $140,000 MRIS
• 1995-05-05 Sold (Public Records) $115,360 Public Records
• 1989-03-20 Sold (Public Records) $93,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $4,333 · +3.7% YoY. Source: county tax records.