436 Columbia St · Cumberland, MD 21502

$59,900

3 bd · 2.0 ba · 1,936 sqft · SingleFamily public records · 2 Days on market

Built 1900 3,640 sqft lot

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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

Welcome to 436 Columbia Street. This property needs some TLC but has potential to be a great home or investment property! The main level features a foyer, a large living room with original french doors, a formal dining room, a kitchen, a laundry room/pantry and full bathroom. Upstairs, there are three bedrooms, a walk-in closet, an additional full bathroom and a large closed-in porch/closet. There is an old deck off the back, a fenced-in yard and off-street parking in the back. SOLD IN AS IS CONDITION.

Key facts

• Walk-in closet
• Off-street parking
• Fenced-in yard

Tags

• FENCED-IN YARD
• OFF-STREET PARKING
• WALK-IN CLOSET
• LARGE CLOSED-IN PORCH

Property features AI

Finance

• Other: Ownership: Fee Simple; Total below-grade area 968; Above-grade finished area 1,936; Year built source: Assessor

Exterior

• Parking: Off-street parking with three spaces (total of three garage/parking spaces)
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Detached structure
• Construction: Above-grade finished area per assessor; Below-grade unfinished area; Foundation: other
• Exterior features: Property located in city limits; Directions: property is on the left side of Columbia Street

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: Two full bathrooms (one on main level, one on first upper level)
• Heating & cooling: Radiator heating; Natural gas hot water and heating fuel
• Interior features: Unfinished basement; Living area per assessor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $589 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 19.2% 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; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $414 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 $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $15k; list at $60k implies a 299% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,900

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 2.14% ✓
• Cap rate: 19.20%
• Cash-on-cash: 46.09%
• DSCR: 3.05
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $120,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
411 Pulaski St	0.17mi	3/2.0	1,900 (-2%)	0mo	$66,000	$35	89
707 Columbia Ave	0.32mi	3/2.5	1,890 (-2%)	7mo	$170,000	$90	74
418 Columbia St	0.04mi	2/1.0 (-1)	1,804 (-7%)	6mo	$45,000	$25	73
17 N Chase St	0.51mi	3/1.5	1,964 (+1%)	0mo	$121,000	$62	72
517 Linden St	0.43mi	3/2.0	1,872 (-3%)	5mo	$87,000	$46	70
147 Polk St	0.38mi	4/2.0 (+1)	2,024 (+4%)	2mo	$55,000	$27	68
121 Independence St	0.31mi	2/1.0 (-1)	1,794 (-7%)	3mo	$45,000	$25	62
230 Bedford St	0.37mi	4/2.0 (+1)	2,176 (+12%)	0mo	$35,000	$16	57
308 Cumberland St	0.40mi	3/1.5	1,684 (-13%)	2mo	$265,000	$157	56
1106 Holland St	0.63mi	3/2.0	1,770 (-9%)	1mo	$166,000	$94	56
806 Trost Ave	0.66mi	3/2.0	1,758 (-9%)	1mo	$220,000	$125	53
340 Davidson St	0.49mi	4/2.0 (+1)	1,728 (-11%)	4mo	$169,900	$98	51

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: 44.5%
• Equity multiple: 3.06×
• Total profit: $34,599
• Equity at exit: $8,931

10-year hold

• IRR: 52.6%
• Equity multiple: 7.52×
• Total profit: $109,400
• Equity at exit: $5,179

Cash invested: $16,772 (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 21502

• Home prices YoY: -17.4%
• Rents YoY: 10.9%
• Active inventory: 235
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,284 high
• Mortgage (P&I): −$314
• Tax from tax record: −$31 /mo · $373/yr
• Insurance: −$25
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $589

Break-even live

Break-even rent $539

Max offer price $59,900

Occupancy floor 49%

Sensitivity live

Price	-10% $623	-5% $606	+0% $589	+5% $572	+10% $555
Rent	-10% $487	-5% $538	+0% $589	+5% $639	+10% $690
Rate	-1.0pp $619	-0.5pp $604	base $589	+0.5pp $573	+1.0pp $557

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
423 Furnace St Cumberland, MD	3.0	1.5	1440	$1,250	$0.87	44d	1	0.13mi
418 N Mechanic St Unit 1C Cumberland, MD	3.0	1.0	1500	$1,295	$0.86	44d	1	0.22mi
118 Independence St Cumberland, MD	3.0	1.5	1260	$1,250	$0.99	45d	1	0.31mi
516 Bedford St Cumberland, MD	3.0	1.5	1500	$1,195	$0.80	44d	1	0.42mi
201 Spring St Cumberland, MD	3.0	1.0	1332	$950	$0.71	44d	1	1.03mi

Listing history 3 events

1. 2026-06-19
   days on market $59,900 Active 2 DOM
2. 2026-06-17
   remarks 507-char remark
3. 2026-06-17
   listed $59,900 Active 1 DOM

ⓘ 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: $373 · $31/mo
• Projected year-2 tax: $513 · $43/mo
• Expected delta: +$140/yr (+$12/mo · 37.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°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: $15,408
• − Mortgage interest: −$3,355
• − Property taxes: −$373
• − Insurance: −$966
• − Repairs & maintenance: −$1,233
• − Management: −$1,233
• − Depreciation: −$1,743
• Taxable income: $6,506
• Est. tax owed @ 24.0%: −$1,561
• After-tax cash flow: $5,503/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

+299.3% since first listed

2 events — show timeline

• 2026-06-17 Listed $59,900 BRIGHT MLS
• 1984-06-19 Sold (Public Records) $15,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $373 · +8.2% YoY. Source: county tax records.