614 Market St · Pocomoke City, MD 21851

$159,900

4 bd · 2.0 ba · 1,855 sqft · SingleFamily public records · 97 Days on market

Built 1925 0.64 ac lot $86/sqft · 30% below area Est $227k · 30% under ↓ 18% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +7.4/10.0
• Livability +3.6/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

Key facts

• 0.64 acre lot
• 4 parking spots
• Built 1925

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 5.6% in Pocomoke City — 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 71/100 on livability (#157 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: employment D+, crime F, amenities F.
• Worcester County Public Schools (town): math 30% / reading 44% proficiency, ranked #6 of 24 in MD (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 69 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 354 units permitted in Worcester County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Worcester County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $60k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.24% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.78%
• DSCR: 1.44
• GRM: 6.7

CMA / ARV

• ARV (median comp): $227,357
• List price: $159,900
• Delta: -29.67%
• 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
615 Walnut St	0.07mi	3/2.0 (-1)	1,862 (+0%)	10mo	$205,000	$110	83
618 Walnut St	0.09mi	3/3.0 (-1)	1,952 (+5%)	5mo	$260,000	$133	74
709 Walnut St	0.11mi	4/2.0	1,624 (-12%)	12mo	$196,000	$121	64
907 2nd	0.50mi	4/2.5	1,848 (-0%)	13mo	$211,500	$114	63
610 Clarke Ave	0.47mi	3/1.5 (-1)	1,799 (-3%)	5mo	$127,000	$71	62
1005 Market St	0.35mi	3/3.5 (-1)	1,893 (+2%)	12mo	$321,000	$170	59
1400 Cedar St	0.65mi	4/2.0	1,750 (-6%)	6mo	$110,000	$63	55
202 6th St	0.08mi	3/2.5 (-1)	1,596 (-14%)	13mo	$254,000	$159	55
18 Greenway Ave	0.68mi	3/2.0 (-1)	1,783 (-4%)	4mo	$290,000	$163	54
324 Winter Quarters Dr	0.73mi	4/2.5	1,890 (+2%)	12mo	$287,000	$152	51
604 Clarke Ave	0.46mi	4/3.5	2,100 (+13%)	6mo	$245,000	$117	46
8 2nd St	0.42mi	3/2.5 (-1)	2,108 (+14%)	8mo	$299,500	$142	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.94×
• Total profit: $-2,588
• Equity at exit: $23,842

10-year hold

• IRR: 8.2%
• Equity multiple: 1.63×
• Total profit: $28,029
• Equity at exit: $13,825

Cash invested: $44,772 (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 21851

• Home prices YoY: -4.0%
• Active inventory: 69
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,985 high
• Mortgage (P&I): −$839
• Tax from tax record: −$298 /mo · $3,581/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $365

Break-even live

Break-even rent $1,523

Max offer price $159,900

Occupancy floor 77%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
621 Cedar St Pocomoke City, MD	3.0	2.5	1352	$2,195	$1.62	13d	1	0.11mi
242 Morgans Ct Pocomoke City, MD	3.0	2.5	1304	$1,795	$1.38	13d	1	0.38mi
241 Morgans Ct Pocomoke City, MD	3.0	2.5	1304	$1,795	$1.38	13d	1	0.39mi
202 Carsons Ct Pocomoke City, MD	3.0	2.0	1472	$1,695	$1.15	13d	1	0.42mi
1513 Princess Anne Ln Pocomoke City, MD	3.0	2.0	1542	$1,950	$1.26	43d	1	0.81mi
2005 S Old Mill Dr Pocomoke City, MD	3.0	2.0	1373	$1,895	$1.38	13d	1	1.33mi
2007 S Old Mill Dr Pocomoke City, MD	3.0	2.0	1302	$1,895	$1.46	13d	1	1.34mi

Listing history 22 events

1. 2026-06-18
   days on market $159,900 Active 97 DOM
2. 2026-06-17
   days on market $159,900 Active 96 DOM
3. 2026-06-16
   days on market $159,900 Active 95 DOM
4. 2026-06-15
   days on market $159,900 Active 94 DOM
5. 2026-06-14
   days on market $159,900 Active 92 DOM
6. 2026-06-13
   days on market $159,900 Active 91 DOM
7. 2026-06-10
   days on market $159,900 Active 89 DOM
8. 2026-06-09
   pricedays on market $159,900 Active 88 DOM
9. 2026-06-08
   days on market $169,500 Active 87 DOM
10. 2026-06-07
    days on market $169,500 Active 86 DOM
11. 2026-06-02
    days on market $169,500 Active 81 DOM
12. 2026-06-01
    days on market $169,500 Active 80 DOM
13. 2026-05-31
    days on market $169,500 Active 79 DOM
14. 2026-05-30
    days on market $169,500 Active 78 DOM
15. 2026-05-08
    price $179,500 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

16. 2026-04-29
    price $189,500 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

17. 2026-04-14
    price $199,500 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

18. 2026-04-01
    price $209,500 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

19. 2026-03-14
    status Active 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

20. 2026-02-28
    historical 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

21. 2026-02-28
    listed $219,500 Active 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

22. 2026-01-29
    historical $219,500 958-char remark

    Show marketing remark (958 chars)

    Second price adjustment has been made. Estate Sale - SOLD AS-IS offers great opportunity . This Colonial is loaded with potential and is in need of a updating or with this - Fantastic Lot - you could do a tear down and build your dream home . This home offers 4 bedrooms on the upper level all with hardwood floors and 2 windows in each bedroom. The main level has a nice flow . There is a table space kitchen leading to a large formal dining room . There is a nice living room and main level family room and all have hardwood floors. There are 9ft. ceilings through out. There is a great walk up attic for storage. The correct heat source is hot water baseboard , fuel oil fired boiler. There is a partial basement where the boiler is located with concrete floor and provides an entrance to the crawl space. The location is ideal near Riverfront Dining , Movies , Brewery , Pocomoke River Dockage , Library , Fairgrounds , and more. The price is right.

ⓘ 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: $3,581 · $298/mo
• Projected year-2 tax: $3,581 · $298/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 ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $23,822
• − Mortgage interest: −$8,957
• − Property taxes: −$3,581
• − Insurance: −$800
• − Repairs & maintenance: −$1,906
• − Management: −$1,906
• − Depreciation: −$4,652
• Taxable income: $2,022
• Est. tax owed @ 24.0%: −$485
• After-tax cash flow: $3,892/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: Worcester County Public Schools
• NCES district ID: 2400720
• Math proficiency: 30% ▼ -25.00%
• Reading proficiency: 44% ▼ -20.00%
• Median HH income: $56,748
• Composite: 32.6/100
• National rank: #5672
• State rank: #6 of 24 in MD

Livability — Pocomoke City

• Score: 71/100
• State rank: #157
• US rank: #7066

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pocomoke City, MD
• Population (ZIP): 7,252

Population outlook (Worcester County) Hauer SSP2

• Today (2025): 51,363 people
• By 2030: 51,191 · -0.3%
• By 2040: 50,459 · -1.8%
• By 2050: 49,451 · -3.7%
• By 2075: 48,533 · -5.5%
• By 2100: 44,223 · -13.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 54% Black 37% Two or more races 5% Asian 2% Hispanic / Latino 2%
• Common ancestry: Scandinavian 2% Romanian 2% Scotch-Irish 2%
• Foreign-born: 5% · Canada, Dominican Republic, Mexico
• Languages at home: 93% English-only · Other Asian/Pacific 1% Spanish 1% Vietnamese 1%

Political lean MEDSL · Worcester

• 2024 margin: Strong R (+22.0) · D 38.0% · R 60.0% · Other 2.0%
• 2008→2024 swing: -6.5pp toward R · 2008: -15.5pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.0 2016: R+27.9 2012: R+18.3 2008: R+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -10.03%
• Current HPI: 243.2329
• 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

-18.2% since first listed

8 events — show timeline

• 2026-05-08 Price Changed $179,500 BRIGHT MLS
• 2026-04-29 Price Changed $189,500 BRIGHT MLS
• 2026-04-14 Price Changed $199,500 BRIGHT MLS
• 2026-04-01 Price Changed $209,500 BRIGHT MLS
• 2026-03-14 Relisted — BRIGHT MLS
• 2026-02-28 Listing Removed — BRIGHT MLS
• 2026-02-28 Listed $219,500 BRIGHT MLS
• 2026-01-29 Coming Soon $219,500 BRIGHT MLS

Property tax history

+6.5%/yr

Latest (2025): $3,581 · +16.3% YoY. Source: county tax records.