13310 Fitzbound Rd · Mount Vernon, MD 21853

$179,900

5 bd · 1.0 ba · 1,358 sqft · SingleFamily public records · 55 Days on market

Built 1900 2.64 ac lot $132/sqft · 40% below area ↓ 19% since listing

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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 +25.1/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• Appreciation +7.5/10.0
• 1% rule +5.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

Discover a unique investment opportunity with this charming 5-bedroom, 3-bathroom farmhouse, nestled on a generous 2.64-acre lot. Built in 1900, this property combines classic architectural style with modern potential, making it an ideal canvas for savvy investors looking to capitalize on the growing demand for rental properties or a serene retreat. The spacious interior boasts 2,876 square feet, offering ample room for creative renovations or updates that can significantly increase rental income or appealing to those seeking a cozy getaway in a tranquil setting. The expansive lot provides endless possibilities for outdoor enhancements, whether it's creating a garden oasis, adding recreational facilities, or simply enjoying the natural surroundings. Don't miss your chance to own a piece of history while securing your financial future!

Key facts

• Generous lot
• Garden oasis
• 2.64 acre lot

Tags

• GENEROUS LOT
• CLASSIC ARCHITECTURAL STYLE
• GARDEN OASIS

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $395 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $175k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#256 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, crime A-; Watch: housing C-, amenities F, commute F.
• Somerset County Public Schools (town): math 12% / reading 23% proficiency, ranked #22 of 24 in MD (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Somerset 6/7 Intermediate School (math 8% / reading 26%, grade F, #170 of 225 statewide, top 77%, 396 students, 73% FRL).
• Market conditions: 58 active listings in the ZIP; 49 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k appreciation (5.0% local appreciation)).
• Somerset County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, 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 55 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 30y ago; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $180k implies a 140% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.05% ✓
• Cap rate: 8.93%
• Cash-on-cash: 9.41%
• DSCR: 1.42
• GRM: 8.0

CMA / ARV

• ARV (median comp): $625,000
• List price: $179,900
• Delta: -71.22%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

5.05% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 2.33×
• Total profit: $67,052
• Equity at exit: $102,481

10-year hold

• IRR: 20.7%
• Equity multiple: 4.59×
• Total profit: $180,638
• Equity at exit: $177,312

Cash invested: $50,372 (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 21853

• Home prices YoY: 1.8%
• Active inventory: 58
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,885 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$76 /mo · $911/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $395

Break-even live

Break-even rent $1,385

Max offer price $179,900

Occupancy floor 74%

Sensitivity live

Price	-10% $497	-5% $446	+0% $395	+5% $344	+10% $293
Rent	-10% $246	-5% $320	+0% $395	+5% $469	+10% $544
Rate	-1.0pp $485	-0.5pp $441	base $395	+0.5pp $348	+1.0pp $301

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-10
   status $179,900 Pending 55 DOM
2. 2026-06-09
   days on market $179,900 Active 55 DOM
3. 2026-06-08
   days on market $179,900 Active 54 DOM
4. 2026-06-07
   pricedays on market $179,900 Active 53 DOM
5. 2026-06-02
   days on market $185,000 Active 48 DOM
6. 2026-06-01
   days on market $185,000 Active 47 DOM
7. 2026-05-31
   days on market $185,000 Active 46 DOM
8. 2026-05-30
   days on market $185,000 Active 45 DOM
9. 2026-05-19
   price $185,000 846-char remark

   Show marketing remark (846 chars)

   Discover a unique investment opportunity with this charming 5-bedroom, 3-bathroom farmhouse, nestled on a generous 2.64-acre lot. Built in 1900, this property combines classic architectural style with modern potential, making it an ideal canvas for savvy investors looking to capitalize on the growing demand for rental properties or a serene retreat. The spacious interior boasts 2,876 square feet, offering ample room for creative renovations or updates that can significantly increase rental income or appealing to those seeking a cozy getaway in a tranquil setting. The expansive lot provides endless possibilities for outdoor enhancements, whether it's creating a garden oasis, adding recreational facilities, or simply enjoying the natural surroundings. Don't miss your chance to own a piece of history while securing your financial future!

10. 2026-04-15
    listed $199,900 Active 846-char remark

    Show marketing remark (846 chars)

    Discover a unique investment opportunity with this charming 5-bedroom, 3-bathroom farmhouse, nestled on a generous 2.64-acre lot. Built in 1900, this property combines classic architectural style with modern potential, making it an ideal canvas for savvy investors looking to capitalize on the growing demand for rental properties or a serene retreat. The spacious interior boasts 2,876 square feet, offering ample room for creative renovations or updates that can significantly increase rental income or appealing to those seeking a cozy getaway in a tranquil setting. The expansive lot provides endless possibilities for outdoor enhancements, whether it's creating a garden oasis, adding recreational facilities, or simply enjoying the natural surroundings. Don't miss your chance to own a piece of history while securing your financial future!

11. 2026-04-13
    historical
12. 2026-01-23
    price $364,999
13. 2025-11-05
    listed $374,999 Active
14. 2025-06-12
    historical
15. 2025-06-10
    historical Active Under Contract
16. 2025-05-22
    price $440,000
17. 2025-05-19
    listed $500,000 Active
18. 2025-04-14
    historical
19. 2025-03-31
    price $499,900
20. 2025-02-07
    historical
21. 2025-02-06
    historical
22. 2025-02-05
    listed $260,000 Active
23. 2023-08-01
    soldstatus $75,000 Closed
24. 2023-06-22
    historical Active Under Contract
25. 2022-07-25
    listed $125,000 Active
26. 2020-01-14
    soldstatus $27,000
27. 1997-08-02
    historical
28. 1996-08-15
    listed $52,500
29. 1989-02-01
    soldstatus $38,000
30. 1987-10-16
    soldstatus $229,000

ⓘ 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: $911 · $76/mo
• Projected year-2 tax: $1,436 · $120/mo
• Expected delta: +$525/yr (+$44/mo · 57.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,620
• − Mortgage interest: −$10,077
• − Property taxes: −$911
• − Insurance: −$900
• − Repairs & maintenance: −$1,810
• − Management: −$1,810
• − Depreciation: −$5,233
• Taxable income: $1,880
• Est. tax owed @ 24.0%: −$451
• After-tax cash flow: $4,287/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: Somerset County Public Schools
• NCES district ID: 2400570
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 23% ▼ -14.00%
• Median HH income: $38,810
• Composite: 14.73/100
• National rank: #9396
• State rank: #22 of 24 in MD

Livability — Mount Vernon

• Score: 65/100
• State rank: #256
• US rank: #13179

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Vernon, MD
• County: Somerset County · 10,537 people
• Metro: Salisbury, MD-DE
• Population (ZIP): 10,537
• Household income: $69,697
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 349.0

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 24,474 people
• By 2030: 23,547 · -3.8%
• By 2040: 21,498 · -12.2%
• By 2050: 20,427 · -16.5%
• By 2075: 16,594 · -32.2%
• By 2100: 12,132 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 49% White 38% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Ukrainian 3% Scotch-Irish 1% Romanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 95% English-only · Arabic 3% Spanish 1%

Political lean MEDSL · Somerset

• 2024 margin: R (+17.4) · D 40.2% · R 57.5% · Other 2.3%
• 2008→2024 swing: -14.8pp toward R · 2008: -2.6pp · 2024: -17.4pp
• All cycles: 2024: R+17.4 2020: R+14.8 2016: R+17.9 2012: R+2.5 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.05%
• Current HPI: 285.8789
• Rent YoY: —
• Metro: Salisbury, MD-DE
• 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

-19.2% since first listed

22 events — show timeline

• 2026-05-19 Price Changed $185,000 BRIGHT MLS
• 2026-04-15 Listed $199,900 BRIGHT MLS
• 2026-04-13 Listing Removed — BRIGHT MLS
• 2026-01-23 Price Changed $364,999 BRIGHT MLS
• 2025-11-05 Listed $374,999 BRIGHT MLS
• 2025-06-12 Listing Removed — BRIGHT MLS
• 2025-06-10 Contingent — BRIGHT MLS
• 2025-05-22 Price Changed $440,000 BRIGHT MLS
• 2025-05-19 Listed $500,000 BRIGHT MLS
• 2025-04-14 Listing Removed — BRIGHT MLS
• 2025-03-31 Price Changed $499,900 BRIGHT MLS
• 2025-02-07 Coming Soon — BRIGHT MLS
• 2025-02-06 Listing Removed — BRIGHT MLS
• 2025-02-05 Listed $260,000 BRIGHT MLS
• 2023-08-01 Sold (MLS) $75,000 BRIGHT MLS
• 2023-06-22 Contingent — BRIGHT MLS
• 2022-07-25 Listed $125,000 BRIGHT MLS
• 2020-01-14 Sold (Public Records) $27,000 Public Records
• 1997-08-02 Listing Removed — BRIGHT MLS
• 1996-08-15 Listed $52,500 BRIGHT MLS
• 1989-02-01 Sold (Public Records) $38,000 Public Records
• 1987-10-16 Sold (Public Records) $229,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $911 · +28.6% YoY. Source: county tax records.