2153 Bonnie Ln · Waldorf, MD 20601

$349,999

4 bd · 3.0 ba · 1,885 sqft · SingleFamily public records · 9 Days on market

Built 2001 0.38 ac lot $186/sqft · 31% below area Est $505k · 31% under

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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 +14.5/30.0
• DSCR +4.4/10.0
• 1% rule +4.0/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor and cash buyer special! Spacious split foyer in Waldorf featuring 4 bedrooms, 3 full baths, and a 2-car garage. Major updates already completed, including a newer roof and HVAC system. Conveniently located just off Route 228 with commuter access to National Harbor, Washington, DC, Northern Virginia, and Joint Base Andrews. Zoned for North Point High School. Home needs significant work, visible mold is present in the garage, and the property will not qualify for financing in its current condition. Priced to reflect condition and sold strictly as-is.

Key facts

• Newer roof
• Commuter access
• Hvac system

Tags

• NEWER ROOF
• HVAC SYSTEM
• COMMUTER ACCESS

Property features AI

Exterior

• Parking: Attached front-entry garage with inside access; Two garage parking spaces (total 2 spaces)
• Utilities: Public water; Public sewer; Electric power
• Home design: Detached property; Above-grade and below-grade living areas
• Construction: Vinyl siding; Asphalt roof; Slab foundation; Double-pane windows; Built year per assessor
• Exterior features: No tidal water

Interior

• Kitchen: Dishwasher; Disposal; Electric oven/range; Refrigerator
• Bedrooms: Three bedrooms on the main level; One bedroom on the first lower level
• Bathrooms: Three full bathrooms total (two full baths on the main level, one full bath on the first lower level)
• Heating & cooling: Forced air heating with electric heat pump; Central air conditioning; Ceiling fans; Electric hot water
• Interior features: Country-style kitchen; Insulated doors; Six-panel doors; Sliding glass door; Family room; One fireplace (has fireplace)

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $75 ($904/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $316k (9.8% below list).
• Recommended offer: $316k (9.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.8% in Waldorf — 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 72/100 on livability (#141 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: schools D+, crime D-, amenities F.
• Charles County Public Schools (suburban): math 13% / reading 29% proficiency, ranked #14 of 24 in MD (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.4%/yr); 181 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,542 units permitted in Charles County in 2024 (516 in 5+ unit buildings).
• This rent runs 32% of the median local income ($117k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Charles County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 25y 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.

Recommended offer $315,662 (9.8% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. Crime grade is D 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?
4. 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?
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: 0.90% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.92%
• DSCR: 1.04
• GRM: 9.2

CMA / ARV

• ARV (median comp): $505,490
• List price: $349,999
• Delta: -30.76%
• 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
2153 Bonnie Ln	0.00mi	4/3.0	1,885 (0%)	0mo	$350,000	$186	100
2300 Community Dr	0.30mi	4/2.5	2,098 (+11%)	1mo	$525,000	$250	64
10430 Mark Dr	0.15mi	5/4.0 (+1)	1,704 (-10%)	6mo	$435,000	$255	64
10856 Jodphur Ct	0.52mi	3/2.0 (-1)	1,832 (-3%)	4mo	$445,000	$243	59
10916 Bridle Path Cir	0.49mi	3/2.5 (-1)	1,728 (-8%)	1mo	$419,900	$243	55
2200 Bridle Path Dr	0.58mi	4/3.0	2,008 (+6%)	9mo	$305,100	$152	54
2221 Bridle Path Dr	0.59mi	5/3.0 (+1)	1,748 (-7%)	4mo	$415,000	$237	52
2245 Bridle Path Dr	0.56mi	4/3.0	1,668 (-12%)	8mo	$400,000	$240	49
2254 Bridle Path Dr	0.59mi	5/3.0 (+1)	1,668 (-12%)	2mo	$375,000	$225	46
2113 Briarwood Dr	0.73mi	4/2.5	2,010 (+7%)	15mo	$483,000	$240	40
2121 Briarwood Dr	0.73mi	3/2.5 (-1)	1,688 (-10%)	2mo	$395,000	$234	40
10505 Vera Davis Ln	0.65mi	4/2.5	2,116 (+12%)	12mo	$475,000	$224	37

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 · 3.37% rent growth · sell at horizon

5-year hold

• IRR: -14.4%
• Equity multiple: 0.48×
• Total profit: $-50,689
• Equity at exit: $52,186

10-year hold

• IRR: -5.1%
• Equity multiple: 0.66×
• Total profit: $-32,891
• Equity at exit: $30,262

Cash invested: $98,000 (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 20601

• Home prices YoY: -24.2%
• Rents YoY: 3.4%
• Active inventory: 181
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $3,157 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$437 /mo · $5,245/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$663
• Net cashflow: $75

Break-even live

Break-even rent $3,061

Max offer price $349,999

Occupancy floor 93%

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10959 Beechwood Ct Waldorf, MD	4.0	3.0	1880	$2,700	$1.44	10d	1	0.44mi
10831 Alyssa Ln Waldorf, MD	4.0	3.0	2176	$3,500	$1.61	24d	1	0.76mi
2555 Avesta Pl Waldorf, MD	3.0–4.0	2.5	2047	$3,690	$1.80	1d	5	0.78mi
2736 Albermarle Pl Waldorf, MD	3.0	3.0	1952	$2,750	$1.41	22d	1	0.93mi
10886 Moore St Waldorf, MD	3.0	2.5	2004	$3,250	$1.62	24d	1	1.41mi

Listing history 7 events

1. 2026-05-08
   status Pending 563-char remark
2. 2026-05-05
   historical 563-char remark
3. 2026-04-26
   listed $349,999 Active 563-char remark
4. 2001-05-21
   soldstatus $184,242
5. 2001-05-21
   listed $184,242
6. 2001-05-21
   historical
7. 2000-12-14
   soldstatus $50,000

ⓘ 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: $5,245 · $437/mo
• Projected year-2 tax: $5,245 · $437/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $37,879
• − Mortgage interest: −$19,605
• − Property taxes: −$5,245
• − Insurance: −$1,750
• − Repairs & maintenance: −$3,030
• − Management: −$3,030
• − Depreciation: −$10,182
• Taxable loss: −$4,964
• Est. tax savings @ 24.0%: +$1,191
• After-tax cash flow: $2,095/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: Charles County Public Schools
• NCES district ID: 2400270
• Math proficiency: 13% ▼ -19.00%
• Reading proficiency: 29% ▼ -13.00%
• Median HH income: $90,389
• Composite: 22.54/100
• National rank: #8087
• State rank: #14 of 24 in MD

Livability — Waldorf

• Score: 72/100
• State rank: #141
• US rank: #6083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waldorf, MD
• County: Charles County · 103,527 people
• City population: 103,527
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 26,945
• Household income: $117,480
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 369.0

Population outlook (Charles County) Hauer SSP2

• Today (2025): 176,616 people
• By 2030: 186,471 · +5.6%
• By 2040: 206,472 · +16.9%
• By 2050: 224,883 · +27.3%
• By 2075: 272,101 · +54.1%
• By 2100: 303,564 · +71.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 55% White 24% Hispanic / Latino 9% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Romanian 1% Italian 1%
• Foreign-born: 10% · Canada, China
• Languages at home: 87% English-only · Spanish 8% Tagalog/Filipino 1% French/Haitian/Cajun 1%

Political lean MEDSL · Charles

• 2024 margin: Solid D (+40.7) · D 69.2% · R 28.5% · Other 2.2%
• 2008→2024 swing: +15.2pp toward D · 2008: 25.5pp · 2024: 40.7pp
• All cycles: 2024: D+40.7 2020: D+40.9 2016: D+30.2 2012: D+31.3 2008: D+25.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.84%
• Current HPI: 241.1912
• Rent YoY: ▲ 3.37%
• 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

+600.0% since first listed

8 events — show timeline

• 2026-06-15 Sold (MLS) $350,000 BRIGHT MLS
• 2026-05-08 Pending — BRIGHT MLS
• 2026-05-05 Listing Removed — BRIGHT MLS
• 2026-04-26 Listed $349,999 BRIGHT MLS
• 2001-05-21 Listed $184,242 MRIS
• 2001-05-21 Sold (MLS) $184,242 MRIS
• 2001-05-21 Delisted — MRIS
• 2000-12-14 Sold (Public Records) $50,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $5,245 · +7.0% YoY. Source: county tax records.