334 Longhorn Cir · Chesapeake Ranch Estates, MD 20657

$399,900

3 bd · 3.0 ba · 1,897 sqft · SingleFamily public records · 12 Days on market

Built 2009 Est $400k · at est. $48/mo HOA · 1% of rent

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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 +23.9/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Schools +3.3/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for some privacy and a great lot at the right price? Here it is! Situated on a quiet street, this home offers so much! From the large back yard, one car garage, newly painted white cabinets and the finished recreation room in the lower level- this home has everything you could need or want. Spacious Kitchen with an island and plenty of room for your table. Long driveway offering plenty of parking for everyone. An actual Laundry Room that is ready for all of your Pinterest ideas! This home will not last! A must see.

Key facts

• Garage
• Built 2009
• Listed 12 days

Property features AI

Finance

• HOA & community: HOA fee approximately $580.25 annually

Exterior

• Parking: Front-entry attached garage (1 car); Driveway parking
• Utilities: Public water; Community or private septic tank; Electric hot water; Electric heating and cooling
• Home design: Detached home; Ownership: fee simple; Not in a federal flood zone
• Construction: Vinyl siding exterior; Permanent foundation; Energy-efficient windows
• Exterior features: Detached structure; Vinyl siding; Backs to trees; Rear yard; Above-grade and below-grade other structures

Interior

• Kitchen: Dishwasher; Refrigerator; Microwave
• Bedrooms: Three bedrooms on the main level
• Flooring: Luxury vinyl plank
• Bathrooms: Three full bathrooms (two on main level, one on lower level)
• Heating & cooling: Heat pump(s) for heating; Electric heating fuel; Cooling: electric (other cooling type)
• Interior features: Fully finished walkout basement with rear entrance; Energy-efficient windows; Very good property condition; Backs to trees with a rear yard
• Laundry & utility: Hot water: electric

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $778 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $400k).
• Cap rate 8.6% vs local median 4.7% in Chesapeake Ranch Estates — 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 66/100 on livability (#240 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: cost of living C-, crime D+, amenities F.
• Calvert County Public Schools (rural): math 23% / reading 44% proficiency, ranked #5 of 24 in MD (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Dowell Elementary (math 15% / reading 18%, grade F, #433 of 860 statewide, top 51%, 585 students, 42% FRL); Mill Creek Middle (math 12% / reading 37%, grade F, #108 of 225 statewide, top 50%, 446 students, 42% FRL); Patuxent High (math 52% / reading 81%, grade B, #53 of 222 statewide, top 24%, 1,029 students, 34% FRL) — zoned schools average 39% FRL vs 19% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 176 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 101 units permitted in Calvert County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% of the median local income ($116k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 18y 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 $290k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 79% 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 $399,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.07% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.33%
• DSCR: 1.37
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $400,267
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
334 Longhorn Cir	0.00mi	3/3.0	1,897 (0%)	1mo	$399,900	$211	99
288 Elkins Ln	0.51mi	3/2.0	1,928 (+2%)	4mo	$610,000	$316	66
12618 Corral Dr	0.47mi	3/3.0	1,852 (-2%)	12mo	$405,000	$219	65
12846 Laurel Way	0.22mi	4/3.0 (+1)	2,138 (+13%)	1mo	$390,000	$182	63
12630 Corral Dr	0.41mi	3/3.0	1,953 (+3%)	18mo	$360,000	$184	61
426 Longhorn Ct	0.14mi	4/3.0 (+1)	2,092 (+10%)	16mo	$387,500	$185	58
12840 Eagle Dr	0.36mi	4/2.0 (+1)	1,850 (-2%)	16mo	$345,000	$186	56
12887 Ships Way	0.50mi	3/3.0	2,105 (+11%)	6mo	$449,900	$214	53
324 Clubhouse Dr	0.54mi	4/2.5 (+1)	1,750 (-8%)	8mo	$340,000	$194	48
12963 Mills Creek Dr	0.57mi	4/3.5 (+1)	2,082 (+10%)	5mo	$597,000	$287	46
235 Calvert Dr	0.58mi	3/4.0	1,728 (-9%)	11mo	$375,000	$217	45
12958 Ottawa Dr	0.59mi	3/2.0	2,150 (+13%)	15mo	$362,500	$169	34

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: -3.6%
• Equity multiple: 0.86×
• Total profit: $-15,313
• Equity at exit: $59,626

10-year hold

• IRR: 6.0%
• Equity multiple: 1.45×
• Total profit: $50,286
• Equity at exit: $34,576

Cash invested: $111,972 (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 20657

• Home prices YoY: -7.1%
• Active inventory: 176
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $4,272 medium
• Mortgage (P&I): −$2,097
• Tax from tax record: −$286 /mo · $3,430/yr
• Insurance: −$167
• HOA: −$48
• Vacancy / Maint / Mgmt: −$897
• Net cashflow: $778

Break-even live

Break-even rent $3,288

Max offer price $399,900

Occupancy floor 77%

Sensitivity live

Price	-10% $1,004	-5% $891	+0% $778	+5% $664	+10% $551
Rent	-10% $440	-5% $609	+0% $778	+5% $946	+10% $1,115
Rate	-1.0pp $979	-0.5pp $879	base $778	+0.5pp $674	+1.0pp $569

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: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12995 Barreda Blvd Unit 1520893P Lusby, MD	4.0	3.0	1991	$8,400	$4.22	23d	1	0.68mi
12433 Cree Ln Lusby, MD	3.0	2.0	1448	$1,850	$1.28	45d	1	0.88mi

HOA detail

• Monthly dues: $48 · $576/yr

Listing history 22 events

1. 2026-05-08
   status Pending
2. 2026-04-28
   historical Active Under Contract
3. 2026-04-23
   price $399,900
4. 2026-04-17
   listed $408,000 Active
5. 2026-04-04
   historical $408,000
6. 2020-12-31
   soldstatus $290,000 Closed 528-char remark

   Show marketing remark (528 chars)

   Looking for some privacy and a great lot at the right price? Here it is! Situated on a quiet street, this home offers so much! From the large back yard, one car garage, newly painted white cabinets and the finished recreation room in the lower level- this home has everything you could need or want. Spacious Kitchen with an island and plenty of room for your table. Long driveway offering plenty of parking for everyone. An actual Laundry Room that is ready for all of your Pinterest ideas! This home will not last! A must see.

7. 2020-12-10
   status Pending 528-char remark

   Show marketing remark (528 chars)

   Looking for some privacy and a great lot at the right price? Here it is! Situated on a quiet street, this home offers so much! From the large back yard, one car garage, newly painted white cabinets and the finished recreation room in the lower level- this home has everything you could need or want. Spacious Kitchen with an island and plenty of room for your table. Long driveway offering plenty of parking for everyone. An actual Laundry Room that is ready for all of your Pinterest ideas! This home will not last! A must see.

8. 2020-11-15
   historical Active Under Contract 528-char remark

   Show marketing remark (528 chars)

   Looking for some privacy and a great lot at the right price? Here it is! Situated on a quiet street, this home offers so much! From the large back yard, one car garage, newly painted white cabinets and the finished recreation room in the lower level- this home has everything you could need or want. Spacious Kitchen with an island and plenty of room for your table. Long driveway offering plenty of parking for everyone. An actual Laundry Room that is ready for all of your Pinterest ideas! This home will not last! A must see.

9. 2020-11-09
   price $285,000 528-char remark

   Show marketing remark (528 chars)

   Looking for some privacy and a great lot at the right price? Here it is! Situated on a quiet street, this home offers so much! From the large back yard, one car garage, newly painted white cabinets and the finished recreation room in the lower level- this home has everything you could need or want. Spacious Kitchen with an island and plenty of room for your table. Long driveway offering plenty of parking for everyone. An actual Laundry Room that is ready for all of your Pinterest ideas! This home will not last! A must see.

10. 2020-11-03
    listed $295,000 Active 528-char remark

    Show marketing remark (528 chars)

    Looking for some privacy and a great lot at the right price? Here it is! Situated on a quiet street, this home offers so much! From the large back yard, one car garage, newly painted white cabinets and the finished recreation room in the lower level- this home has everything you could need or want. Spacious Kitchen with an island and plenty of room for your table. Long driveway offering plenty of parking for everyone. An actual Laundry Room that is ready for all of your Pinterest ideas! This home will not last! A must see.

11. 2020-11-01
    historical
12. 2020-11-01
    listed $295,000 Active
13. 2009-07-15
    soldstatus $245,000
14. 2009-07-15
    soldstatus $245,000 Sold
15. 2009-03-04
    historical
16. 2009-03-03
    listed $249,900
17. 2009-03-03
    listed $249,900
18. 2009-03-03
    historical
19. 2008-05-16
    soldstatus $29,000
20. 2008-05-07
    soldstatus $29,000
21. 2008-03-31
    historical
22. 2008-03-31
    listed $29,900

ⓘ 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: $3,430 · $286/mo
• Projected year-2 tax: $3,894 · $325/mo
• Expected delta: +$465/yr (+$39/mo · 13.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥101°F today · 17 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 79% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,268
• − Mortgage interest: −$22,401
• − Property taxes: −$3,430
• − Insurance: −$2,000
• − Repairs & maintenance: −$4,101
• − Management: −$4,101
• − HOA: −$576
• − Depreciation: −$11,633
• Taxable income: $3,026
• Est. tax owed @ 24.0%: −$726
• After-tax cash flow: $8,605/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: Calvert County Public Schools
• NCES district ID: 2400150
• Math proficiency: 23% ▼ -29.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $94,392
• Composite: 33.27/100
• National rank: #5511
• State rank: #5 of 24 in MD

Livability — Chesapeake Ranch Estates

• Score: 66/100
• State rank: #240
• US rank: #11959

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chesapeake Ranch Estates, MD
• County: Calvert County · 33,451 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 20,699
• Household income: $115,748
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 136.0

Population outlook (Calvert County) Hauer SSP2

• Today (2025): 94,825 people
• By 2030: 96,197 · +1.4%
• By 2040: 96,954 · +2.2%
• By 2050: 94,628 · -0.2%
• By 2075: 91,576 · -3.4%
• By 2100: 83,431 · -12.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 15% Two or more races 7% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Slovak 3% Romanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3% Other Indo-European 1% Tagalog/Filipino 1%

Political lean MEDSL · Calvert

• 2024 margin: R (+11.0) · D 43.5% · R 54.5% · Other 2.0%
• 2008→2024 swing: -4.6pp toward R · 2008: -6.3pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+5.6 2016: R+18.4 2012: R+8.2 2008: R+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -20.88%
• Current HPI: 274.4909
• 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

+1237.5% since first listed

22 events — show timeline

• 2026-05-08 Pending — BRIGHT MLS
• 2026-04-28 Contingent — BRIGHT MLS
• 2026-04-23 Price Changed $399,900 BRIGHT MLS
• 2026-04-17 Listed $408,000 BRIGHT MLS
• 2026-04-04 Coming Soon $408,000 BRIGHT MLS
• 2020-12-31 Sold (MLS) $290,000 BRIGHT MLS
• 2020-12-10 Pending — BRIGHT MLS
• 2020-11-15 Contingent — BRIGHT MLS
• 2020-11-09 Price Changed $285,000 BRIGHT MLS
• 2020-11-03 Listed $295,000 BRIGHT MLS
• 2020-11-01 Listed $295,000 BRIGHT MLS
• 2020-11-01 Listing Removed — BRIGHT MLS
• 2009-07-15 Sold (MLS) $245,000 MRIS
• 2009-07-15 Sold (MLS) $245,000 BRIGHT MLS
• 2009-03-04 Delisted — MRIS
• 2009-03-03 Listed $249,900 MRIS
• 2009-03-03 Listing Removed — BRIGHT MLS
• 2009-03-03 Listed $249,900 BRIGHT MLS
• 2008-05-16 Sold (MLS) $29,000 MRIS
• 2008-05-07 Sold (Public Records) $29,000 Public Records
• 2008-03-31 Listed $29,900 MRIS
• 2008-03-31 Delisted — MRIS

Property tax history

+16.4%/yr

Latest (2025): $3,430 · +8.8% YoY. Source: county tax records.