13037 Savage River Rd · Swanton, MD 21561

$45,900

2 bd · 1.0 ba · 1,449 sqft · SingleFamily · 18 Days on market

Built 1979 Poor condition 1.67 ac lot Est $90k · 49% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• Schools +2.0/10.0
• Condition / age +1.0/5.0

Listing remarks MLS

Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

Key facts

• Private getaway
• Surrounded by nature
• Separate garage

Tags

• SEPARATE GARAGE
• PRIVATE GETAWAY
• SURROUNDED BY NATURE

Property features AI

Finance

• Other: Fee simple ownership; Federal flood zone designation noted

Exterior

• Parking: Detached garage (front entry) with 1 space; Driveway parking
• Utilities: Well water; Private septic tank; Electric power
• Home design: Detached structure; Frame construction; Major rehab needed
• Construction: Frame construction; Pillar/post/pier and slab foundation; Above grade and below grade structures
• Exterior features: Outside city limits; Not located in tidal water zone

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Two bedrooms on the upper level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Electric heating fuel; Wood heating fuel; Electric cooling fuel; Electric hot water
• Interior features: Living room; Dining room; Kitchen; One fireplace
• Laundry & utility: No basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $46k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $118 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $46k).
• Recommended offer: $45k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 47/100 on livability (#465 in MD) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: amenities F, commute F, employment F.
• Garrett County Public Schools (rural): math 17% / reading 30% proficiency, ranked #16 of 24 in MD (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 64 active listings in the ZIP; 122 units permitted in Garrett County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($317 loan paydown + $5k appreciation (10.0% local appreciation)).
• Garrett County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($45k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $45,211 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.38% ✓
• Cap rate: 20.54%
• Cash-on-cash: 50.89%
• DSCR: 3.26
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $89,838
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13037 Savage River Rd	0.00mi	2/1.0	1,449 (0%)	14mo	$90,000	$62	88

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.6%
• Equity multiple: 3.55×
• Total profit: $32,824
• Equity at exit: $41,350

10-year hold

• IRR: 28.3%
• Equity multiple: 8.10×
• Total profit: $91,280
• Equity at exit: $89,174

Cash invested: $12,852 (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 21561

• Home prices YoY: 8.8%
• Active inventory: 64
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,091 medium
• Mortgage (P&I): −$241
• Tax est. 1.5%: −$57 /mo · $688/yr
• Insurance: −$19
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $118

Break-even live

Break-even rent $941

Max offer price $45,900

Occupancy floor 84%

Sensitivity live

Price	-10% $150	-5% $134	+0% $118	+5% $103	+10% $87
Rent	-10% $32	-5% $75	+0% $118	+5% $162	+10% $205
Rate	-1.0pp $142	-0.5pp $130	base $118	+0.5pp $107	+1.0pp $94

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: $11,475
• Closing costs: $1,377
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $45,900 Active 18 DOM
2. 2026-06-17
   days on market $45,900 Active 17 DOM
3. 2026-06-16
   days on market $45,900 Active 16 DOM
4. 2026-06-15
   days on market $45,900 Active 15 DOM
5. 2026-06-13
   days on market $45,900 Active 13 DOM
6. 2026-06-12
   statusdays on market $45,900 Active 12 DOM
7. 2026-06-08
   status $45,900 Pending 11 DOM
8. 2026-06-07
   days on market $45,900 Active 11 DOM
9. 2026-06-07
   days on market $45,900 Active 10 DOM
10. 2026-06-04
    days on market $45,900 Active 7 DOM
11. 2026-06-02
    days on market $45,900 Active 6 DOM
12. 2026-06-01
    days on market $45,900 Active 5 DOM
13. 2026-05-31
    days on market $45,900 Active 4 DOM
14. 2026-05-31
    days on market $45,900 Active 3 DOM
15. 2026-05-27
    listed $45,900 Active
16. 2025-04-15
    soldstatus $90,000 Closed 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

17. 2025-02-26
    historical Active Under Contract 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

18. 2025-01-17
    status Active 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

19. 2024-12-09
    historical Active Under Contract 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

20. 2024-11-21
    price $98,000 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

21. 2024-09-17
    price $129,000 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

22. 2024-03-25
    listed $139,000 Active 821-char remark

    Show marketing remark (821 chars)

    Cabin/lodge located in immediate area of New Germany State Forest and Savage River trout fishing waterway as well as Savage River reservoir. This is truly a Cabin/Lodge type residence with minimal maintenance exterior to assist with use & enjoyment of the Cabin and its excellent location for recreation, prevalent hunting & fishing opportunity, or to just disconnect. Very nice garage/storage facility for convenience and no further planning or expense needed for such. This is not an old Cabin, having been constructed in 1978 and significantly improved over the years, and appearing well maintained since. 2nd floor bedrooms are bunk style access via fixed ladder stairs. Served by private well and private septic tank. Cabin may appeal for private use & enjoyment or rental potential if so inclined.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 100% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 8 d/yr ≥90°F today · 20 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: $13,097
• − Mortgage interest: −$2,571
• − Property taxes: −$688
• − Insurance: −$5,348
• − Repairs & maintenance: −$1,048
• − Management: −$1,048
• − Depreciation: −$1,335
• Taxable income: $1,059
• Est. tax owed @ 24.0%: −$254
• After-tax cash flow: $1,168/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.

Condition & rehab AI · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates to bring it up to a livable condition. Significant investment is needed to address the poor condition of the exterior, roof, flooring, and other systems.

Repairs flagged

• Major siding — Severe weathering and peeling
• Major roof — Signs of wear and possible leaks
• Major flooring — Worn and damaged
• Major paint — Significant wear and tear
• Major windows — Old and possibly non-functional
• Major HVAC/mechanicals — No visible signs of recent maintenance

Value-add opportunities

• Both New siding and paint — Enhances curb appeal and interior aesthetics
• Both New roof — Fixes potential leaks and improves structural integrity
• Both New flooring — Improves living space and adds value
• Both New windows — Enhances energy efficiency and aesthetics
• Both HVAC upgrade — Improves comfort and energy efficiency
• Both Landscaping and curb appeal — Enhances overall property value and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Severe weathering and peeling	Major	$15,000–50,000
roof · Signs of wear and possible leaks	Major	$15,000–50,000
flooring · Worn and damaged	Major	$15,000–50,000
paint · Significant wear and tear	Major	$15,000–50,000
windows · Old and possibly non-functional	Major	$15,000–50,000
HVAC/mechanicals · No visible signs of recent maintenance	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both New siding and paint — Enhances curb appeal and interior aesthetics ↑
• Both New roof — Fixes potential leaks and improves structural integrity ↑
• Both New flooring — Improves living space and adds value ↑
• Both New windows — Enhances energy efficiency and aesthetics ↑
• Both HVAC upgrade — Improves comfort and energy efficiency ↑
• Both Landscaping and curb appeal — Enhances overall property value and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Garrett County Public Schools
• NCES district ID: 2400360
• Math proficiency: 17% ▼ -16.00%
• Reading proficiency: 30% ▼ -13.00%
• Median HH income: $45,705
• Composite: 20.36/100
• National rank: #8600
• State rank: #16 of 24 in MD

Livability — Swanton

• Score: 47/100
• State rank: #465
• US rank: #26277

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,662

Population outlook (Garrett County) Hauer SSP2

• Today (2025): 28,304 people
• By 2030: 27,248 · -3.7%
• By 2040: 24,596 · -13.1%
• By 2050: 21,703 · -23.3%
• By 2075: 15,766 · -44.3%
• By 2100: 11,363 · -59.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3%
• Common ancestry: Romanian 2% Serbian 2% Italian 2%
• Foreign-born: 2%
• Languages at home: 93% English-only · German/W. Germanic 5% Other Asian/Pacific 2%

Political lean MEDSL · Garrett

• 2024 margin: Solid R (+54.0) · D 21.9% · R 75.9% · Other 2.2%
• 2008→2024 swing: -13.9pp toward R · 2008: -40.1pp · 2024: -54.0pp
• All cycles: 2024: R+54.0 2020: R+55.9 2016: R+61.5 2012: R+52.1 2008: R+40.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 33.23%
• Current HPI: 411.0905
• 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

-67.0% since first listed

8 events — show timeline

• 2026-05-27 Listed $45,900 BRIGHT MLS
• 2025-04-15 Sold (MLS) $90,000 BRIGHT MLS
• 2025-02-26 Contingent — BRIGHT MLS
• 2025-01-17 Relisted — BRIGHT MLS
• 2024-12-09 Contingent — BRIGHT MLS
• 2024-11-21 Price Changed $98,000 BRIGHT MLS
• 2024-09-17 Price Changed $129,000 BRIGHT MLS
• 2024-03-25 Listed $139,000 BRIGHT MLS