215 Hammond St · Westernport, MD 21562

$104,000

4 bd · 2.0 ba · 2,878 sqft · Townhouse public records · 38 Days on market

Built 1885 0.60 ac lot $36/sqft · 7% below area Est $111k · 7% under

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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 +24.7/30.0
• ARV discount +10.5/15.0
• DSCR +8.0/10.0
• 1% rule +6.3/10.0
• Appreciation +5.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks MLS

Remarkable 4+ bedroom home on expansive lot. Fully fenced yard with off-street parking for 10+ vehicles. Bedroom on main floor with possible 4 more bedrooms upstairs. Separate dining room. Tastefully and exquisitely remodeled throughout. Tons of bonuses -- you have to see this one!

Key facts

• Cozy wood stove
• Huge fenced backyard
• 0.6 acre lot

Tags

• SEPARATE ELECTRIC METERS
• TWO-UNIT INVESTMENT PROPERTY
• COZY WOOD STOVE
• WELCOMING FRONT PORCH
• HUGE FENCED BACKYARD
• PLENTY OF PARKING SPACE

Property features AI

Exterior

• Parking: Detached garage (1 car); Driveway; Off-street parking
• Utilities: Public water; Public sewer; Natural gas; Electric hot water
• Home design: Detached structure; Architectural shingle roof; Frame construction; Stone foundation; Average condition; Fee simple ownership
• Construction: Frame construction; Stone foundation; Architectural shingle roof; Detached building
• Exterior features: No tidal water

Interior

• Kitchen: Stove; Refrigerator; Dishwasher
• Bedrooms: 4 bedrooms on the upper level
• Flooring: Hardwood; Laminate plank
• Bathrooms: 2 full bathrooms (1 on main level, 1 on upper level)
• Heating & cooling: Radiator heating; Hot water heating; Natural gas fuel; Electric hot water
• Interior features: Second kitchen; Combination kitchen and dining area; Formal dining room; Wood floors; Drywall walls and ceilings
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $104k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $104k).
• Recommended offer: $101k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#188 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: amenities F, commute F, employment D-.
• 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.
• Zoned schools: Westernport Elementary (math 12% / reading 22%, grade F, #408 of 860 statewide, top 50%, 261 students, 65% FRL); Westmar Middle (math 6% / reading 30%, grade F, #165 of 225 statewide, top 75%, 232 students, 70% FRL); Mountain Ridge High School (math 32% / reading 72%, grade D+, #100 of 222 statewide, top 47%, 736 students, 48% FRL).
• Market conditions: 23 active listings in the ZIP; 24 units permitted in Allegany County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($719 loan paydown + $1k appreciation (1.3% local appreciation)).
• Allegany County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 29y ago; this cycle's ask has dropped $6k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $72k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1885 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 8→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,880 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1885 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.13% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.94%
• DSCR: 1.40
• GRM: 7.4

CMA / ARV

• ARV (median comp): $111,336
• List price: $104,000
• Delta: -6.59%
• Verdict: FAIR
• Comps: 14 within 1.0 mi

Projected returns pro-forma

1.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.4%
• Equity multiple: 1.59×
• Total profit: $17,226
• Equity at exit: $37,054

10-year hold

• IRR: 14.9%
• Equity multiple: 2.86×
• Total profit: $54,180
• Equity at exit: $50,464

Cash invested: $29,120 (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 21562

• Home prices YoY: 0.6%
• Active inventory: 23
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,173 medium
• Mortgage (P&I): −$545
• Tax from tax record: −$121 /mo · $1,457/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $217

Break-even live

Break-even rent $899

Max offer price $104,000

Occupancy floor 77%

Sensitivity live

Price	-10% $276	-5% $246	+0% $217	+5% $187	+10% $158
Rent	-10% $124	-5% $170	+0% $217	+5% $263	+10% $310
Rate	-1.0pp $269	-0.5pp $243	base $217	+0.5pp $190	+1.0pp $162

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: $26,000
• Closing costs: $3,120
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-19
   days on market $104,000 Active 38 DOM
2. 2026-06-18
   days on market $104,000 Active 37 DOM
3. 2026-06-17
   days on market $104,000 Active 36 DOM
4. 2026-06-16
   days on market $104,000 Active 35 DOM
5. 2026-06-15
   days on market $104,000 Active 34 DOM
6. 2026-06-14
   days on market $104,000 Active 32 DOM
7. 2026-06-12
   pricedays on market $104,000 Active 31 DOM
8. 2026-06-09
   days on market $110,000 Active 28 DOM
9. 2026-06-08
   days on market $110,000 Active 27 DOM
10. 2026-06-07
    days on market $110,000 Active 26 DOM
11. 2026-06-02
    days on market $110,000 Active 21 DOM
12. 2026-06-01
    days on market $110,000 Active 20 DOM
13. 2026-05-31
    days on market $110,000 Active 19 DOM
14. 2026-05-30
    days on market $110,000 Active 18 DOM
15. 2026-05-12
    listed $110,000 Active 970-char remark
16. 2017-06-09
    soldstatus $72,000
17. 2017-06-08
    soldstatus $72,000 282-char remark

    Show marketing remark (282 chars)

    Remarkable 4+ bedroom home on expansive lot. Fully fenced yard with off-street parking for 10+ vehicles. Bedroom on main floor with possible 4 more bedrooms upstairs. Separate dining room. Tastefully and exquisitely remodeled throughout. Tons of bonuses -- you have to see this one!

18. 2017-06-08
    soldstatus $72,000 Sold

    Show marketing remark (282 chars)

    Remarkable 4+ bedroom home on expansive lot. Fully fenced yard with off-street parking for 10+ vehicles. Bedroom on main floor with possible 4 more bedrooms upstairs. Separate dining room. Tastefully and exquisitely remodeled throughout. Tons of bonuses -- you have to see this one!

19. 2017-04-10
    status Contingent (No Kick Out)

    Show marketing remark (282 chars)

    Remarkable 4+ bedroom home on expansive lot. Fully fenced yard with off-street parking for 10+ vehicles. Bedroom on main floor with possible 4 more bedrooms upstairs. Separate dining room. Tastefully and exquisitely remodeled throughout. Tons of bonuses -- you have to see this one!

20. 2017-04-06
    listed $68,000 Active

    Show marketing remark (282 chars)

    Remarkable 4+ bedroom home on expansive lot. Fully fenced yard with off-street parking for 10+ vehicles. Bedroom on main floor with possible 4 more bedrooms upstairs. Separate dining room. Tastefully and exquisitely remodeled throughout. Tons of bonuses -- you have to see this one!

21. 2017-04-06
    listed $68,000 282-char remark

    Show marketing remark (282 chars)

    Remarkable 4+ bedroom home on expansive lot. Fully fenced yard with off-street parking for 10+ vehicles. Bedroom on main floor with possible 4 more bedrooms upstairs. Separate dining room. Tastefully and exquisitely remodeled throughout. Tons of bonuses -- you have to see this one!

22. 2015-07-01
    historical
23. 2015-06-30
    historical
24. 2015-05-27
    status Contract
25. 2015-04-12
    listed Active
26. 2015-04-12
    listed $63,000
27. 1998-04-21
    soldstatus $28,000
28. 1998-02-17
    historical
29. 1997-07-23
    listed

ⓘ 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: $1,457 · $121/mo
• Projected year-2 tax: $1,457 · $121/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 8 d/yr ≥94°F today · 22 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: $14,081
• − Mortgage interest: −$5,826
• − Property taxes: −$1,457
• − Insurance: −$520
• − Repairs & maintenance: −$1,127
• − Management: −$1,127
• − Depreciation: −$3,025
• Taxable income: $1,000
• Est. tax owed @ 24.0%: −$240
• After-tax cash flow: $2,362/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 — Westernport

• Score: 69/100
• State rank: #188
• US rank: #8479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Westernport, MD
• Population (ZIP): 3,192

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 (98%)
• Race & ethnicity: White 98% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Iranian 2% Italian 1%
• Foreign-born: 0%

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: ▲ 1.28%
• Current HPI: 216.4044
• 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

+271.4% since first listed

16 events — show timeline

• 2026-06-11 Price Changed $104,000 BRIGHT MLS
• 2026-05-12 Listed $110,000 BRIGHT MLS
• 2017-06-09 Sold (Public Records) $72,000 Public Records
• 2017-06-08 Sold (MLS) $72,000 BRIGHT MLS
• 2017-06-08 Sold (MLS) $72,000 MRIS
• 2017-04-10 Pending — MRIS
• 2017-04-06 Listed $68,000 MRIS
• 2017-04-06 Listed $68,000 BRIGHT MLS
• 2015-07-01 Delisted — MRIS
• 2015-06-30 Listing Removed — BRIGHT MLS
• 2015-05-27 Pending — MRIS
• 2015-04-12 Listed — MRIS
• 2015-04-12 Listed $63,000 BRIGHT MLS
• 1998-04-21 Sold (Public Records) $28,000 Public Records
• 1998-02-17 Delisted — MRIS
• 1997-07-23 Listed — MRIS

Property tax history

+1.8%/yr

Latest (2025): $1,457 · +6.7% YoY. Source: county tax records.