10205 Ford Ter · Waldorf, MD 20695

$369,000

4 bd · 1.5 ba · 1,518 sqft · SingleFamily public records · 6 Days on market

Built 1969 0.48 ac lot $243/sqft · at area comps Est $440k · 16% 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).

• Cash flow +15.5/30.0
• ARV discount +14.8/15.0
• DSCR +4.8/10.0
• 1% rule +3.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 10205 Ford Ter split foyer with 4 bedrooms, 2 full baths situated on a large fenced corner lot with plenty of space inside and out. Major updates have already been completed, including an HVAC system replaced in 2018, a new roof installed in December 2025, an upgraded electric panel, and a water heater that is only 2 years old. All that's left are cosmetic updating to your taste. The backyard is ready for summer enjoyment with a fenced in yard and 18x36 pool featuring a liner replaced 5 years ago that remains in good condition. There is plenty of room for entertaining, outdoor activities, or simply relaxing in your own private space. Conveniently located in White Plains with easy access to shopping, dining, schools, and commuter routes. Property is being sold strictly AS IS, presenting a great opportunity for buyers looking for value, space, and the chance to make it their own.

Key facts

• 0.48 acre lot
• 4 parking spots
• Pool

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $369k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/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 $324k (12.1% below list).
• Recommended offer: $324k (12.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: 245 active listings in the ZIP; 4 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; high-income renter base; 1,542 units permitted in Charles County in 2024 (516 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $168k; list at $369k implies a 119% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $324,392 (12.1% below list)

Questions for the listing agent

1. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.88% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.71%
• DSCR: 1.08
• GRM: 9.5

CMA / ARV

• ARV (median comp): $440,000
• List price: $369,000
• Delta: -16.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -13.6%
• Equity multiple: 0.51×
• Total profit: $-50,477
• Equity at exit: $55,019

10-year hold

• IRR: -4.7%
• Equity multiple: 0.69×
• Total profit: $-32,051
• Equity at exit: $31,904

Cash invested: $103,320 (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 20695

• Home prices YoY: -5.3%
• Active inventory: 245
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $3,244 medium
• Mortgage (P&I): −$1,935
• Tax from tax record: −$327 /mo · $3,925/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$681
• Net cashflow: $147

Break-even live

Break-even rent $3,058

Max offer price $369,000

Occupancy floor 90%

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: $92,250
• Closing costs: $11,070
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10605 Willetts Crossing Rd White Plains, MD	4.0	1.0	1514	$2,390	$1.58	44d	1	0.91mi
4250 Southwinds Pl White Plains, MD	3.0	2.0	1338	$2,800	$2.09	44d	1	1.12mi
10930 W Point Pl White Plains, MD	4.0	3.5	2171	$2,979	$1.37	44d	1	1.26mi
10763 Esprit Pl White Plains, MD	4.0	3.5	2016	$2,800	$1.39	44d	1	1.38mi

Listing history 6 events

1. 2026-05-05
   historical Active Under Contract 901-char remark

   Show marketing remark (901 chars)

   Welcome to 10205 Ford Ter split foyer with 4 bedrooms, 2 full baths situated on a large fenced corner lot with plenty of space inside and out. Major updates have already been completed, including an HVAC system replaced in 2018, a new roof installed in December 2025, an upgraded electric panel, and a water heater that is only 2 years old. All that's left are cosmetic updating to your taste. The backyard is ready for summer enjoyment with a fenced in yard and 18x36 pool featuring a liner replaced 5 years ago that remains in good condition. There is plenty of room for entertaining, outdoor activities, or simply relaxing in your own private space. Conveniently located in White Plains with easy access to shopping, dining, schools, and commuter routes. Property is being sold strictly AS IS, presenting a great opportunity for buyers looking for value, space, and the chance to make it their own.

2. 2026-04-30
   listed $369,000 Active 901-char remark

   Show marketing remark (901 chars)

   Welcome to 10205 Ford Ter split foyer with 4 bedrooms, 2 full baths situated on a large fenced corner lot with plenty of space inside and out. Major updates have already been completed, including an HVAC system replaced in 2018, a new roof installed in December 2025, an upgraded electric panel, and a water heater that is only 2 years old. All that's left are cosmetic updating to your taste. The backyard is ready for summer enjoyment with a fenced in yard and 18x36 pool featuring a liner replaced 5 years ago that remains in good condition. There is plenty of room for entertaining, outdoor activities, or simply relaxing in your own private space. Conveniently located in White Plains with easy access to shopping, dining, schools, and commuter routes. Property is being sold strictly AS IS, presenting a great opportunity for buyers looking for value, space, and the chance to make it their own.

3. 2026-03-31
   historical $369,000 901-char remark

   Show marketing remark (901 chars)

   Welcome to 10205 Ford Ter split foyer with 4 bedrooms, 2 full baths situated on a large fenced corner lot with plenty of space inside and out. Major updates have already been completed, including an HVAC system replaced in 2018, a new roof installed in December 2025, an upgraded electric panel, and a water heater that is only 2 years old. All that's left are cosmetic updating to your taste. The backyard is ready for summer enjoyment with a fenced in yard and 18x36 pool featuring a liner replaced 5 years ago that remains in good condition. There is plenty of room for entertaining, outdoor activities, or simply relaxing in your own private space. Conveniently located in White Plains with easy access to shopping, dining, schools, and commuter routes. Property is being sold strictly AS IS, presenting a great opportunity for buyers looking for value, space, and the chance to make it their own.

4. 1988-10-17
   soldstatus $168,300
5. 1988-10-11
   soldstatus $107,500
6. 1988-02-03
   soldstatus $67,500

ⓘ 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: $3,925 · $327/mo
• Projected year-2 tax: $3,973 · $331/mo
• Expected delta: +$49/yr (+$4/mo · 1.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $38,927
• − Mortgage interest: −$20,670
• − Property taxes: −$3,925
• − Insurance: −$1,845
• − Repairs & maintenance: −$3,114
• − Management: −$3,114
• − Depreciation: −$10,735
• Taxable loss: −$4,475
• Est. tax savings @ 24.0%: +$1,074
• After-tax cash flow: $2,836/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

• County: Charles County · 103,527 people
• City population: 103,527
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 16,407
• Household income: $141,959
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 311.0

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 0.58)
• Race & ethnicity: Black 61% White 23% Two or more races 9% Hispanic / Latino 4% Asian 2%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% 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: ▼ -12.63%
• Current HPI: 226.972
• Rent YoY: —
• 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

+446.7% since first listed

6 events — show timeline

• 2026-05-05 Contingent — BRIGHT MLS
• 2026-04-30 Listed $369,000 BRIGHT MLS
• 2026-03-31 Coming Soon $369,000 BRIGHT MLS
• 1988-10-17 Sold (Public Records) $168,300 Public Records
• 1988-10-11 Sold (Public Records) $107,500 Public Records
• 1988-02-03 Sold (Public Records) $67,500 Public Records

Property tax history

+4.1%/yr

Latest (2025): $3,925 · +7.3% YoY. Source: county tax records.