301 Poplar St · Westernport, MD 21562

$109,900

4 bd · 1.0 ba · 1,496 sqft · SingleFamily public records · 151 Days on market

Built 1900 0.29 ac lot $73/sqft · at area comps Est $106k · at est.

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Why this score? — see what drove the C 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 +24.2/30.0
• DSCR +7.8/10.0
• ARV discount +5.6/15.0
• Appreciation +5.6/10.0
• 1% rule +5.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks MLS

Welcome to 301 Poplar St. This home offers all the space you've been looking for, with 3 bedrooms upstairs and one on the main floor. Or turn one into a home office, gym or anything else you can imagine! The main level also offers your full bathroom, laundry room and a nice sunroom in the front to get you a great view of the town and mountains! Large back yard and a covered porch to sit and enjoy the evening or entertaining guests! Don't wait, at this price it won't last long!!

Key facts

• Covered porch
• Sunroom
• Large back yard

Tags

• HOME OFFICE
• SUNROOM
• LARGE BACK YARD
• COVERED PORCH

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#188 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: schools D, amenities F, commute 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: 23 active listings in the ZIP; 24 units permitted in Allegany County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($760 loan paydown + $1k appreciation (1.3% local appreciation)).
• Allegany County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 17y 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.
• Current owner paid $39k; list at $110k implies a 182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.05% ✓
• Cap rate: 8.69%
• Cash-on-cash: 8.55%
• DSCR: 1.38
• GRM: 7.9

CMA / ARV

• ARV (median comp): $105,503
• List price: $109,900
• Delta: 4.17%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
311 Johnson St	0.13mi	3/1.0 (-1)	1,583 (+6%)	8mo	$9,000	$6	72
105 Wood St	0.30mi	3/1.0 (-1)	1,584 (+6%)	9mo	$18,000	$11	63
219 Spruce St	0.06mi	3/1.0 (-1)	1,344 (-10%)	23mo	$103,000	$77	56
104 Howard St	0.49mi	4/1.0	1,548 (+4%)	21mo	$134,000	$87	54
412 Walnut St	0.17mi	4/1.5	1,680 (+12%)	23mo	$135,000	$80	51
306 Philos Ave	0.60mi	3/1.0 (-1)	1,612 (+8%)	13mo	$115,000	$71	43
153 Wood St	0.33mi	3/2.0 (-1)	1,656 (+11%)	20mo	$44,000	$27	41
202 Riordon Rd	0.62mi	4/1.0	1,344 (-10%)	19mo	$60,000	$45	38
207 Central Ave	0.68mi	3/2.5 (-1)	1,654 (+11%)	8mo	$189,000	$114	33
212 Central Ave	0.69mi	3/2.0 (-1)	1,372 (-8%)	18mo	$120,000	$87	30

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

Projected returns pro-forma

1.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.0%
• Equity multiple: 1.57×
• Total profit: $17,543
• Equity at exit: $39,156

10-year hold

• IRR: 14.5%
• Equity multiple: 2.81×
• Total profit: $55,731
• Equity at exit: $53,327

Cash invested: $30,772 (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 21562

• Home prices YoY: 0.6%
• Active inventory: 23
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,156 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$72 /mo · $862/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $219

Break-even live

Break-even rent $878

Max offer price $109,900

Occupancy floor 76%

Sensitivity live

Price	-10% $282	-5% $250	+0% $219	+5% $188	+10% $157
Rent	-10% $128	-5% $174	+0% $219	+5% $265	+10% $311
Rate	-1.0pp $275	-0.5pp $247	base $219	+0.5pp $191	+1.0pp $162

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 43 events

1. 2026-06-21
   days on market $109,900 Active 151 DOM
2. 2026-06-19
   days on market $109,900 Active 149 DOM
3. 2026-06-18
   days on market $109,900 Active 148 DOM
4. 2026-06-17
   days on market $109,900 Active 147 DOM
5. 2026-06-16
   days on market $109,900 Active 146 DOM
6. 2026-06-15
   days on market $109,900 Active 145 DOM
7. 2026-06-14
   days on market $109,900 Active 143 DOM
8. 2026-06-12
   days on market $109,900 Active 142 DOM
9. 2026-06-09
   days on market $109,900 Active 139 DOM
10. 2026-06-08
    days on market $109,900 Active 138 DOM
11. 2026-06-07
    days on market $109,900 Active 137 DOM
12. 2026-06-02
    days on market $109,900 Active 132 DOM
13. 2026-06-01
    days on market $109,900 Active 131 DOM
14. 2026-05-31
    days on market $109,900 Active 130 DOM
15. 2026-05-30
    days on market $109,900 Active 129 DOM
16. 2026-02-16
    price $109,900 482-char remark

    Show marketing remark (482 chars)

    Welcome to 301 Poplar St. This home offers all the space you've been looking for, with 3 bedrooms upstairs and one on the main floor. Or turn one into a home office, gym or anything else you can imagine! The main level also offers your full bathroom, laundry room and a nice sunroom in the front to get you a great view of the town and mountains! Large back yard and a covered porch to sit and enjoy the evening or entertaining guests! Don't wait, at this price it won't last long!!

17. 2026-01-21
    listed $115,000 Active 482-char remark

    Show marketing remark (482 chars)

    Welcome to 301 Poplar St. This home offers all the space you've been looking for, with 3 bedrooms upstairs and one on the main floor. Or turn one into a home office, gym or anything else you can imagine! The main level also offers your full bathroom, laundry room and a nice sunroom in the front to get you a great view of the town and mountains! Large back yard and a covered porch to sit and enjoy the evening or entertaining guests! Don't wait, at this price it won't last long!!

18. 2011-11-15
    soldstatus $39,000
19. 2011-10-28
    soldstatus $39,000 Sold 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

20. 2011-10-28
    soldstatus $39,000

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

21. 2011-09-15
    status Contract 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

22. 2011-09-15
    historical

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

23. 2011-07-21
    status Active 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

24. 2011-07-20
    historical Expired 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

25. 2011-06-07
    price $39,900 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

26. 2011-02-28
    price $41,950 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

27. 2010-12-22
    status Active 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

28. 2010-10-22
    status Contract 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

29. 2010-07-30
    price $49,900 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

30. 2010-07-22
    status Active 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

31. 2010-07-20
    historical Expired 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

32. 2010-01-21
    listed $58,900 Active 214-char remark

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

33. 2010-01-21
    listed $39,900

    Show marketing remark (214 chars)

    This 4 Br Country Home has the charm of country living but the convenience of being close to town, shopping and schools. The enclosed sunroom is a great place to have your morning coffee and watch nature. MUST SEE!

34. 2010-01-18
    historical Withdrawn
35. 2010-01-18
    historical
36. 2009-11-11
    price
37. 2009-07-07
    price
38. 2009-05-01
    listed
39. 2009-04-30
    historical
40. 2009-04-30
    listed $63,000
41. 2009-04-30
    historical
42. 2009-04-29
    listed
43. 2009-04-29
    listed $75,000

ⓘ 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: $862 · $72/mo
• Projected year-2 tax: $1,030 · $86/mo
• Expected delta: +$168/yr (+$14/mo · 19.5%)

ⓘ 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 4/10 Moderate 8 d/yr ≥94°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,874
• − Mortgage interest: −$6,156
• − Property taxes: −$862
• − Insurance: −$550
• − Repairs & maintenance: −$1,110
• − Management: −$1,110
• − Depreciation: −$3,197
• Taxable income: $889
• Est. tax owed @ 24.0%: −$213
• After-tax cash flow: $2,419/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 — Westernport

• Score: 69/100
• State rank: #188
• US rank: #8479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Westernport, MD
• Population (ZIP): 3,192

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 (98%)
• Race & ethnicity: White 98% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Iranian 2% Italian 1%
• Foreign-born: 0%

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: ▲ 1.28%
• Current HPI: 216.4044
• 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

+46.5% since first listed

28 events — show timeline

• 2026-02-16 Price Changed $109,900 BRIGHT MLS
• 2026-01-21 Listed $115,000 BRIGHT MLS
• 2011-11-15 Sold (Public Records) $39,000 Public Records
• 2011-10-28 Sold (MLS) $39,000 BRIGHT MLS
• 2011-10-28 Sold (MLS) $39,000 MRIS
• 2011-09-15 Pending — MRIS
• 2011-09-15 Listing Removed — BRIGHT MLS
• 2011-07-21 Relisted — MRIS
• 2011-07-20 Delisted — MRIS
• 2011-06-07 Price Changed $39,900 MRIS
• 2011-02-28 Price Changed $41,950 MRIS
• 2010-12-22 Relisted — MRIS
• 2010-10-22 Pending — MRIS
• 2010-07-30 Price Changed $49,900 MRIS
• 2010-07-22 Relisted — MRIS
• 2010-07-20 Delisted — MRIS
• 2010-01-21 Listed $58,900 MRIS
• 2010-01-21 Listed $39,900 BRIGHT MLS
• 2010-01-18 Delisted — MRIS
• 2010-01-18 Listing Removed — BRIGHT MLS
• 2009-11-11 Price Changed — MRIS
• 2009-07-07 Price Changed — MRIS
• 2009-05-01 Listed — MRIS
• 2009-04-30 Delisted — MRIS
• 2009-04-30 Listing Removed — BRIGHT MLS
• 2009-04-30 Listed $63,000 BRIGHT MLS
• 2009-04-29 Listed — MRIS
• 2009-04-29 Listed $75,000 BRIGHT MLS

Property tax history

+1.4%/yr

Latest (2025): $862 · +4.3% YoY. Source: county tax records.