909 Oak St · Frederick, MD 21703

$295,000

3 bd · 1.0 ba · 896 sqft · SingleFamily public records · 14 Days on market

Built 1955 0.26 ac lot $329/sqft · 13% below area Est $341k · 13% 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 +13.5/15.0
• Cash flow +11.3/30.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• DSCR +3.3/10.0
• Rent growth +3.0/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

Key facts

• 0.26 acre lot
• 3 parking spots
• Built 1955

Property features AI

Exterior

• Parking: Driveway parking (3 spaces total, driveway holds 3)
• Utilities: Public water; Public sewer; Municipal trash service; Electric heating and cooling; Hot water: electric; Utilities above ground
• Home design: Detached single-family home; Entry level bedrooms; Year of effective remodel: 2026; Property in very good condition; Fee simple ownership; Not located in a federal flood zone
• Construction: Frame construction; Block foundation; Asphalt roof; Double-hung, double-pane windows; Above-grade living space only (no basement)
• Exterior features: Outbuilding(s) on the property; Partially fenced yard; Corner lot

Interior

• Kitchen: Electric range/oven; Surface cooktop; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Heat pump(s); Central air conditioning (electric)
• Interior features: Built-in shelving/cabinetry; Ceiling fans; Combination dining and living area; Formal dining area; Entry-level bedroom; Family room adjacent to the kitchen; Drywall walls; Vaulted ceilings
• Laundry & utility: Main-floor washer and dryer (front-loading dryer); Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-105 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $276k (6.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $234k (20.8% below list).
• Recommended offer: $234k (20.8% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.3% in Frederick — 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 77/100 on livability (#80 in MD, #3,041 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: amenities C-, crime D+, cost of living D+.
• Frederick County Public Schools (other): math 27% / reading 43% proficiency, ranked #4 of 24 in MD (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lincoln Elementary (math 12% / reading 16%, grade F, #513 of 860 statewide, top 60%, 618 students, 77% FRL); West Frederick Middle (math 11% / reading 36%, grade F, #118 of 225 statewide, top 54%, 776 students, 61% FRL); Frederick High (math 42% / reading 64%, grade C-, #95 of 222 statewide, top 43%, 1,829 students, 51% FRL) — zoned schools average 63% FRL vs 20% district-wide (42 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.0%/yr); 177 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,562 units permitted in Frederick County in 2024 (374 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Frederick County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 23y 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: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $233,514 (20.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1955 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.79% ✗
• Cap rate: 5.86%
• Cash-on-cash: -1.53%
• DSCR: 0.93
• GRM: 10.5

CMA / ARV

• ARV (median comp): $340,640
• List price: $295,000
• Delta: -13.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
909 Oak St	0.00mi	3/1.0	896 (0%)	0mo	$295,000	$329	100
207 Barbara St	0.49mi	3/1.0	850 (-5%)	1mo	$312,000	$367	68
614 Mary St	0.39mi	2/1.0 (-1)	875 (-2%)	15mo	$335,000	$383	61
409 Braddock Ave	0.48mi	3/1.0	850 (-5%)	24mo	$372,000	$438	49
311 Adam Rd	0.71mi	3/1.0	864 (-4%)	18mo	$365,000	$422	46
325 Braddock Ave	0.57mi	3/1.0	1,014 (+13%)	13mo	$367,500	$362	41
305 Catoctin Ave	0.66mi	2/1.0 (-1)	780 (-13%)	14mo	$305,000	$391	31

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 · 1.97% rent growth · sell at horizon

5-year hold

• IRR: -19.9%
• Equity multiple: 0.31×
• Total profit: $-56,920
• Equity at exit: $43,985

10-year hold

• IRR: -15.1%
• Equity multiple: 0.18×
• Total profit: $-67,903
• Equity at exit: $25,506

Cash invested: $82,600 (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 21703

• Rents YoY: 2.0%
• Active inventory: 177
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,335 high
• Mortgage (P&I): −$1,547
• Tax from tax record: −$280 /mo · $3,361/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $-105

Break-even live

Break-even rent $2,468

Max offer price $276,408

Occupancy floor 100%

Sensitivity live

Price	-10% $62	-5% $-22	+0% $-105	+5% $-189	+10% $-272
Rent	-10% $-290	-5% $-197	+0% $-105	+5% $-13	+10% $79
Rate	-1.0pp $43	-0.5pp $-30	base $-105	+0.5pp $-182	+1.0pp $-259

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
607 Himes Ave #104 Frederick, MD	2.0	2.0	950	$2,000	$2.11	1d	1	0.49mi
494 Arwell Ct Frederick, MD	3.0	1.5	1088	$2,100	$1.93	27d	1	0.52mi
483 Arwell Ct #483 Frederick, MD	3.0	1.5	1088	$2,300	$2.11	13d	1	0.53mi
546 Wellington Ct Frederick, MD	3.0	1.5	1024	$2,195	$2.14	46d	1	0.55mi
909 Mansion Dr Frederick, MD	1.0–2.0	1.0–2.0	1008	$2,374	$2.36	1d	19	0.58mi
100 Alessandra Ct Frederick, MD	1.0–3.0	1.0–2.0	932	$2,526	$2.71	1d	22	0.62mi
534 Lancaster Pl #534 Frederick, MD	3.0	1.5	1088	$2,150	$1.98	27d	1	0.63mi
567 Lancaster Pl #567 Frederick, MD	3.0	1.5	1024	$2,300	$2.25	46d	1	0.68mi
575 Lancaster Pl Frederick, MD	3.0	1.5	1088	$2,330	$2.14	46d	1	0.69mi
524 W South St Frederick, MD	1.0–3.0	1.0–2.0	1022	$2,100	$2.05	46d	1	0.74mi
150 Willowdale Dr Frederick, MD	1.0–3.0	1.0–2.0	1000	$2,346	$2.34	1d	19	0.79mi
302 Baughmans Ln Unit M Frederick, MD	2.0	2.0	1100	$2,000	$1.82	24d	1	0.95mi
141 Willowdale Dr Frederick, MD	1.0–3.0	1.0–2.0	1037	$2,581	$2.49	0d	36	0.97mi
360 Prospect Blvd Frederick, MD	1.0–2.0	1.0–2.0	797	$1,758	$2.21	46d	1	1.11mi
349 Prospect Blvd Frederick, MD	1.0–3.0	1.0–2.0	951	$2,879	$3.03	1d	17	1.20mi
607 Windview Way Frederick, MD	1.0–3.0	1.0–2.0	949	$2,355	$2.48	13d	11	1.29mi
232 Dill Ave Frederick, MD	2.0	1.0	1122	$2,475	$2.21	46d	1	1.34mi
110 Ice St Unit 110 Frederick, MD	2.0	1.0	983	$1,650	$1.68	46d	1	1.37mi
31 W Patrick St Frederick, MD	2.0	1.5–2.0	1040	$1,648	$1.58	20d	1	1.40mi
1420 Key Pkwy Frederick, MD	1.0–3.0	1.0–2.0	925	$2,322	$2.51	0d	25	1.45mi

Listing history 28 events

1. 2026-05-08
   listed $295,000 Active 912-char remark
2. 2026-05-08
   historical $295,000 912-char remark
3. 2010-10-29
   soldstatus $114,900 279-char remark

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

4. 2010-10-29
   soldstatus $114,900 Sold

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

5. 2010-08-17
   status Contingent (No Kick Out)

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

6. 2010-08-15
   historical Expired

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

7. 2010-08-12
   historical 279-char remark

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

8. 2010-07-15
   price $114,900

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

9. 2010-06-07
   price $124,901

   Show marketing remark (279 chars)

   One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

10. 2010-05-04
    listed $138,000 Active

    Show marketing remark (279 chars)

    One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

11. 2010-05-04
    listed $114,900 279-char remark

    Show marketing remark (279 chars)

    One level living in the rancher with over . 25 acres. 3 bedrooms, 1 full bath, Dining room, Kitchen and Living room. Large shed/workshop and plenty of parking. Purchase for as little as 3% down. Approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

12. 2010-03-04
    historical Withdrawn
13. 2010-03-04
    historical
14. 2009-11-23
    historical Contingent (Kick Out)
15. 2009-10-10
    price
16. 2009-09-28
    price
17. 2009-08-29
    listed Active
18. 2009-08-29
    listed $149,900
19. 2008-06-19
    soldstatus $185,000
20. 2008-03-19
    soldstatus $185,000
21. 2008-02-16
    historical
22. 2007-08-12
    listed $189,000
23. 2007-08-12
    historical
24. 2007-07-04
    listed
25. 2003-08-15
    soldstatus $144,097
26. 2003-07-18
    soldstatus $144,097
27. 2003-06-07
    historical
28. 2003-04-25
    listed $139,900

ⓘ 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: $3,361 · $280/mo
• Projected year-2 tax: $3,361 · $280/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 6/10 Major 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,022
• − Mortgage interest: −$16,525
• − Property taxes: −$3,361
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,242
• − Management: −$2,242
• − Depreciation: −$8,582
• Taxable loss: −$6,404
• Est. tax savings @ 24.0%: +$1,537
• After-tax cash flow: $274/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: Frederick County Public Schools
• NCES district ID: 2400330
• Math proficiency: 27% ▼ -23.00%
• Reading proficiency: 43% ▼ -15.00%
• Median HH income: $84,020
• Composite: 33.54/100
• National rank: #5429
• State rank: #4 of 24 in MD

Livability — Frederick

• Score: 77/100
• State rank: #80
• US rank: #3041

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Frederick, MD
• County: Frederick County · 171,753 people
• City population: 154,619
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 41,960
• Household income: $106,334
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1475.0

Population outlook (Frederick County) Hauer SSP2

• Today (2025): 269,438 people
• By 2030: 280,160 · +4.0%
• By 2040: 298,408 · +10.8%
• By 2050: 311,062 · +15.4%
• By 2075: 342,819 · +27.2%
• By 2100: 351,361 · +30.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 47% Hispanic / Latino 21% Black 17% Two or more races 14% Asian 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Dominican 2%
• Common ancestry: Romanian 2% Italian 2% Lithuanian 2%
• Foreign-born: 22% · Canada, South Korea, Jamaica
• Languages at home: 72% English-only · Spanish 16% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Frederick

• 2024 margin: Lean D (+8.8) · D 53.2% · R 44.4% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: -1.0pp · 2024: 8.8pp
• All cycles: 2024: D+8.8 2020: D+9.6 2016: R+4.0 2012: R+3.9 2008: R+1.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -194.57%
• Current HPI: 278.7723
• Rent YoY: ▲ 1.97%
• 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

+110.9% since first listed

30 events — show timeline

• 2026-06-16 Sold (MLS) $295,000 BRIGHT MLS
• 2026-05-21 Pending — BRIGHT MLS
• 2026-05-08 Listed $295,000 BRIGHT MLS
• 2026-05-08 Coming Soon $295,000 BRIGHT MLS
• 2010-10-29 Sold (MLS) $114,900 MRIS
• 2010-10-29 Sold (MLS) $114,900 BRIGHT MLS
• 2010-08-17 Pending — MRIS
• 2010-08-15 Delisted — MRIS
• 2010-08-12 Listing Removed — BRIGHT MLS
• 2010-07-15 Price Changed $114,900 MRIS
• 2010-06-07 Price Changed $124,901 MRIS
• 2010-05-04 Listed $138,000 MRIS
• 2010-05-04 Listed $114,900 BRIGHT MLS
• 2010-03-04 Delisted — MRIS
• 2010-03-04 Listing Removed — BRIGHT MLS
• 2009-11-23 Contingent — MRIS
• 2009-10-10 Price Changed — MRIS
• 2009-09-28 Price Changed — MRIS
• 2009-08-29 Listed — MRIS
• 2009-08-29 Listed $149,900 BRIGHT MLS
• 2008-06-19 Sold (Public Records) $185,000 Public Records
• 2008-03-19 Sold (MLS) $185,000 MRIS
• 2008-02-16 Delisted — MRIS
• 2007-08-12 Delisted — MRIS
• 2007-08-12 Listed $189,000 MRIS
• 2007-07-04 Listed — MRIS
• 2003-08-15 Sold (Public Records) $144,097 Public Records
• 2003-07-18 Sold (MLS) $144,097 MRIS
• 2003-06-07 Delisted — MRIS
• 2003-04-25 Listed $139,900 MRIS

Property tax history

+1.1%/yr

Latest (2025): $3,361 · +1.7% YoY. Source: county tax records.