10641 Old Barn Ct · Linganore, MD 21774

$340,000

3 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 138 Days on market

Built 1993 4,578 sqft lot $315/sqft · 24% below area Est $450k · 24% under $130/mo HOA · 5% of rent

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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 +15.0/15.0
• Cash flow +8.2/30.0
• Schools +3.4/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

Key facts

• Charming front porch
• Walkout lower level
• Spacious deck

Tags

• CHARMING FRONT PORCH
• SPACIOUS DECK
• FULLY FENCED YARD
• WALKOUT LOWER LEVEL
• NEW ROOF
• NEW REFRIGERATOR

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $-324 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $283k (16.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $261k (23.3% below list).
• Recommended offer: $261k (23.3% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.5% in Linganore — 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 65/100 on livability (#257 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, schools A; Watch: amenities F, commute F, cost of living F.
• Frederick County Public Schools (other): math 27% / reading 43% proficiency, ranked #4 of 24 in MD (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.1%/yr); 114 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 1,562 units permitted in Frederick County in 2024 (374 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.
• Frederick County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($299k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 25y ago; this cycle's ask has dropped $70k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $260,833 (23.3% 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 138 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
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 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: 0.77% ✗
• Cap rate: 5.15%
• Cash-on-cash: -4.08%
• DSCR: 0.82
• GRM: 10.9

CMA / ARV

• ARV (median comp): $450,000
• List price: $340,000
• Delta: -24.44%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6650 Lake Front Ct	0.36mi	3/2.0	1,088 (+1%)	19mo	$450,000	$414	62
6984 Meadowpoint Ter	0.50mi	3/2.0	1,206 (+12%)	0mo	$450,000	$373	53
10608 High Beach Ct	0.55mi	3/2.0	1,036 (-4%)	24mo	$449,900	$434	44

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 · 1.06% rent growth · sell at horizon

5-year hold

• IRR: -25.4%
• Equity multiple: 0.15×
• Total profit: $-80,653
• Equity at exit: $50,695

10-year hold

• IRR: -29.0%
• Equity multiple: -0.22×
• Total profit: $-116,255
• Equity at exit: $29,397

Cash invested: $95,200 (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 21774

• Home prices YoY: -8.3%
• Rents YoY: 1.1%
• Active inventory: 114
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,608 medium
• Mortgage (P&I): −$1,783
• Tax from tax record: −$330 /mo · $3,957/yr
• Insurance: −$142
• HOA: −$130
• Vacancy / Maint / Mgmt: −$548
• Net cashflow: $-324

Break-even live

Break-even rent $3,018

Max offer price $282,796

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: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10289 Cliff Swallow Ct New Market, MD	2.0	1.0	852	$2,095	$2.46	5d	1	0.78mi

HOA detail

• Monthly dues: $130 · $1,560/yr
• Likely covers: pool

Listing history 25 events

1. 2026-06-08
   statusdays on market $340,000 Pending 138 DOM
2. 2026-06-07
   days on market $340,000 Active 137 DOM
3. 2026-06-04
   days on market $340,000 Active 134 DOM
4. 2026-06-03
   days on market $340,000 Active 133 DOM
5. 2026-06-02
   days on market $340,000 Active 132 DOM
6. 2026-06-01
   days on market $340,000 Active 131 DOM
7. 2026-05-31
   days on market $340,000 Active 130 DOM
8. 2026-05-06
   price $340,000 1007-char remark

   Show marketing remark (1007 chars)

   Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

9. 2026-04-22
   price $350,000 1007-char remark

   Show marketing remark (1007 chars)

   Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

10. 2026-04-04
    price $380,000 1007-char remark

    Show marketing remark (1007 chars)

    Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

11. 2026-03-24
    price $394,900 1007-char remark

    Show marketing remark (1007 chars)

    Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

12. 2026-02-20
    price $399,900 1007-char remark

    Show marketing remark (1007 chars)

    Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

13. 2026-01-21
    listed $409,900 Active 1007-char remark

    Show marketing remark (1007 chars)

    Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

14. 2026-01-21
    historical

    Show marketing remark (1007 chars)

    Similar size homes selling up to $440,000. This is a great investment opportunity for a home buyer with the cash to fix up or an investor looking to flip or add to their rental portfolio. Priced well below market value. Conventional or cash only. Easily turn back into a 3 bedroom home. Lake Linganore Home – sits on a cul-de-sac with a charming front porch that invites you right in. * * * Enjoy outdoor living on the spacious deck or in the fully fenced yard, perfect for pets, play, or simply relaxing. * * * Inside, is a cozy, functional floor plan with additional living space in the walkout lower level, providing flexibility for a family room, office, or guest area. * * * New roof, newer refrigerator, dishwasher, disposal, microwave, washer, and dryer are all about 2-3 years new. * * * Nestled in the desirable Lake Linganore community, you’ll have access to all its amazing amenities — lakes, beaches, trails, pools, and more — all at an incredible value!

15. 2026-01-09
    price $424,900
16. 2025-11-06
    listed $439,900 Active
17. 2025-11-05
    historical
18. 2007-04-03
    soldstatus $319,000
19. 2007-03-30
    soldstatus $319,000
20. 2007-03-04
    historical
21. 2006-11-01
    listed $319,900
22. 2001-12-31
    soldstatus $159,900
23. 2001-11-02
    soldstatus $159,900
24. 2001-10-14
    historical
25. 2001-07-03
    listed $159,900

ⓘ 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: $3,957 · $330/mo
• Projected year-2 tax: $3,957 · $330/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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% 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: $31,300
• − Mortgage interest: −$19,045
• − Property taxes: −$3,957
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,504
• − Management: −$2,504
• − HOA: −$1,560
• − Depreciation: −$9,891
• Taxable loss: −$9,861
• Est. tax savings @ 24.0%: +$2,367
• After-tax cash flow: $-1,519/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: Frederick County Public Schools
• NCES district ID: 2400330
• Math proficiency: 27% ▼ -23.00%
• Reading proficiency: 43% ▼ -15.00%
• Median HH income: $84,020
• Composite: 33.54/100
• National rank: #5429
• State rank: #4 of 24 in MD

Livability — Linganore

• Score: 65/100
• State rank: #257
• US rank: #13191

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Linganore, MD
• County: Frederick County · 171,753 people
• City population: 16,515
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 17,134
• Household income: $171,103
• Rent vs Own: 6.5% rent · 93.5% own
• Severe rent burden: 86.0

Population outlook (Frederick County) Hauer SSP2

• Today (2025): 269,438 people
• By 2030: 280,160 · +4.0%
• By 2040: 298,408 · +10.8%
• By 2050: 311,062 · +15.4%
• By 2075: 342,819 · +27.2%
• By 2100: 351,361 · +30.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Two or more races 10% Hispanic / Latino 8% Black 5% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 8% · Canada, South Korea, China
• Languages at home: 90% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Frederick

• 2024 margin: Lean D (+8.8) · D 53.2% · R 44.4% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: -1.0pp · 2024: 8.8pp
• All cycles: 2024: D+8.8 2020: D+9.6 2016: R+4.0 2012: R+3.9 2008: R+1.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.68%
• Current HPI: 296.1016
• Rent YoY: ▲ 1.06%
• 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

+112.6% since first listed

18 events — show timeline

• 2026-05-06 Price Changed $340,000 BRIGHT MLS
• 2026-04-22 Price Changed $350,000 BRIGHT MLS
• 2026-04-04 Price Changed $380,000 BRIGHT MLS
• 2026-03-24 Price Changed $394,900 BRIGHT MLS
• 2026-02-20 Price Changed $399,900 BRIGHT MLS
• 2026-01-21 Listing Removed — BRIGHT MLS
• 2026-01-21 Listed $409,900 BRIGHT MLS
• 2026-01-09 Price Changed $424,900 BRIGHT MLS
• 2025-11-06 Listed $439,900 BRIGHT MLS
• 2025-11-05 Coming Soon — BRIGHT MLS
• 2007-04-03 Sold (Public Records) $319,000 Public Records
• 2007-03-30 Sold (MLS) $319,000 MRIS
• 2007-03-04 Delisted — MRIS
• 2006-11-01 Listed $319,900 MRIS
• 2001-12-31 Sold (Public Records) $159,900 Public Records
• 2001-11-02 Sold (MLS) $159,900 MRIS
• 2001-10-14 Delisted — MRIS
• 2001-07-03 Listed $159,900 MRIS

Property tax history

+3.6%/yr

Latest (2025): $3,957 · +12.8% YoY. Source: county tax records.