1426 Laurel Ct · Cumberland, MD 21502

$80,000

3 bd · 2.0 ba · 2,024 sqft · SingleFamily public records · 1 Days on market

Built 1961 7,200 sqft lot ↓ 1% since listing

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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
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

All brick home in Mounstain Side Maryland with great potenial. This one level 3 bedroom, 2 bath home is ready for rehab to return to it's original charm and located on a level lot close to shopping, services and medical center. Sold strickly as is with no warranties.

Key facts

• Level lot
• Brick home
• Close to shopping

Tags

• BRICK HOME
• LEVEL LOT
• CLOSE TO SHOPPING
• CLOSE TO SERVICES
• CLOSE TO MEDICAL CENTER

Property features AI

Exterior

• Parking: Driveway parking
• Utilities: Public water; Public sewer; Electric service
• Home design: Detached structure; Metal roof; Fee simple ownership
• Construction: Brick construction; Block foundation; Above-grade and below-grade structures; Year built (assessor source)
• Exterior features: Property located in city limits (Cumberland)

Interior

• Bedrooms: 3 bedrooms on the main level
• Flooring: Hardwood flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms total (1 on main level, 1 on lower level)
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Full basement; Major rehab needed
• Laundry & utility: Laundry on the main floor; Electric hot water

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 12.2% vs local median 6.7% in Cumberland — 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 78/100 on livability (#64 in MD, #2,385 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, crime F, employment 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: Rents rising fast (+10.9%/yr); 235 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $553 of loan paydown is wiped out by about $2k 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 + 8.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 29y 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: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $80,000

Questions for the listing agent

1. Built in 1961 — 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 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?
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: 1.53% ✓
• Cap rate: 12.16%
• Cash-on-cash: 20.95%
• DSCR: 1.93
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $188,232
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1426 Laurel Ct	0.00mi	3/2.0	2,024 (0%)	0mo	$80,000	$40	100
1427 Church St	0.15mi	4/2.0 (+1)	2,097 (+4%)	2mo	$225,000	$107	80
135 New Hampshire Ave	0.31mi	3/2.0	2,056 (+2%)	21mo	$185,000	$90	66
51 Maple St	0.36mi	4/2.5 (+1)	2,060 (+2%)	11mo	$190,000	$92	64
33 Beechwood Dr	0.13mi	3/1.5	1,861 (-8%)	20mo	$173,000	$93	62
40 Memorial Ave	0.55mi	3/2.0	1,786 (-12%)	14mo	$219,000	$123	43
607 White Ave	0.69mi	4/2.0 (+1)	2,054 (+2%)	23mo	$282,000	$137	41
814 Hicks Ave	0.71mi	4/2.0 (+1)	1,891 (-7%)	12mo	$259,900	$137	41
436 Homer St	0.67mi	4/2.0 (+1)	1,722 (-15%)	19mo	$95,000	$55	23

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 1.82×
• Total profit: $18,444
• Equity at exit: $11,928

10-year hold

• IRR: 30.7%
• Equity multiple: 4.47×
• Total profit: $77,684
• Equity at exit: $6,917

Cash invested: $22,400 (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 21502

• Home prices YoY: -17.4%
• Rents YoY: 10.9%
• Active inventory: 235
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,223 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $391

Break-even live

Break-even rent $728

Max offer price $80,000

Occupancy floor 63%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
131 Grand Ave Cumberland, MD	3.0	2.0	1444	$1,300	$0.90	43d	1	0.89mi
109 Grand Ave Unit B Cumberland, MD	2.0	1.0	3000	$800	$0.27	43d	1	0.89mi

Listing history 27 events

1. 2026-05-30
   status $80,000 Pending 1 DOM
2. 2026-05-29
   listed $80,000 Active
3. 2014-07-31
   historical
4. 2014-01-29
   status Active
5. 2014-01-29
   historical
6. 2014-01-28
   historical
7. 2013-07-25
   listed Active
8. 2013-07-24
   listed $129,900
9. 2012-10-22
   historical
10. 2012-10-21
    historical
11. 2012-07-01
    price
12. 2011-07-18
    listed Active
13. 2011-07-18
    listed $129,000
14. 2011-07-11
    historical Expired
15. 2011-07-11
    historical
16. 2011-06-08
    price
17. 2011-01-28
    status Active
18. 2011-01-20
    historical Temporarily Off-Market
19. 2011-01-11
    status Active
20. 2011-01-11
    historical Expired
21. 2011-01-10
    listed Active
22. 2011-01-10
    listed $149,900
23. 1998-01-22
    soldstatus $88,000
24. 1998-01-20
    soldstatus $88,000
25. 1997-11-22
    historical
26. 1997-11-13
    listed $88,500
27. 1995-10-26
    soldstatus $81,000

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $122/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,674
• − Mortgage interest: −$4,481
• − Property taxes: −$1,464
• − Insurance: −$400
• − Repairs & maintenance: −$1,174
• − Management: −$1,174
• − Depreciation: −$2,327
• Taxable income: $3,653
• Est. tax owed @ 24.0%: −$877
• After-tax cash flow: $3,817/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 — Cumberland

• Score: 78/100
• State rank: #64
• US rank: #2385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cumberland, MD
• County: Allegany County · 41,015 people
• City population: 41,015
• Metro: Cumberland, MD-WV
• Population (ZIP): 41,015
• Household income: $60,725
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 824.0

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 (83%)
• Race & ethnicity: White 83% Black 9% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Slovak 3% Romanian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -54.33%
• Current HPI: 258.6676
• Rent YoY: ▲ 10.88%
• Metro: Cumberland, 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

-1.2% since first listed

26 events — show timeline

• 2026-05-29 Listed $80,000 BRIGHT MLS
• 2014-07-31 Delisted — MRIS
• 2014-01-29 Relisted — MRIS
• 2014-01-29 Listing Removed — BRIGHT MLS
• 2014-01-28 Delisted — MRIS
• 2013-07-25 Listed — MRIS
• 2013-07-24 Listed $129,900 BRIGHT MLS
• 2012-10-22 Delisted — MRIS
• 2012-10-21 Listing Removed — BRIGHT MLS
• 2012-07-01 Price Changed — MRIS
• 2011-07-18 Listed — MRIS
• 2011-07-18 Listed $129,000 BRIGHT MLS
• 2011-07-11 Delisted — MRIS
• 2011-07-11 Listing Removed — BRIGHT MLS
• 2011-06-08 Price Changed — MRIS
• 2011-01-28 Relisted — MRIS
• 2011-01-20 Delisted — MRIS
• 2011-01-11 Relisted — MRIS
• 2011-01-11 Delisted — MRIS
• 2011-01-10 Listed — MRIS
• 2011-01-10 Listed $149,900 BRIGHT MLS
• 1998-01-22 Sold (Public Records) $88,000 Public Records
• 1998-01-20 Sold (MLS) $88,000 MRIS
• 1997-11-22 Delisted — MRIS
• 1997-11-13 Listed $88,500 MRIS
• 1995-10-26 Sold (Public Records) $81,000 Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,464 · +4.7% YoY. Source: county tax records.