3317 Texas Rd · Jesterville, MD 21814

$124,900

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 52 Days on market

Built 1960 0.75 ac lot $137/sqft · 13% below area Est $144k · 13% under

---

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 +20.6/30.0
• ARV discount +13.6/15.0
• Appreciation +6.6/10.0
• DSCR +6.5/10.0
• 1% rule +4.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks

2 bedroom 1 bathroom rancher with multiple out buildings, hardwood floors This property is eligible under the Freddie Mac first look Initiative. Property sold "As is"

Key facts

• Hardwood floors
• 0.75 acre lot
• Built 1960

Tags

• HARDWOOD FLOORS

Property features AI

Exterior

• Parking: Driveway
• Utilities: Private water supply; Private septic tank
• Home design: Detached home; Fee simple ownership
• Construction: Stick-built construction; Crawl space foundation; Building winterized; Built year per assessor
• Exterior features: Not in a federal flood zone; Above-grade and below-grade other structures

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Electric baseboard heating; Electric hot water
• Interior features: Ramp to main level; No basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $166 ($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 $119k (5.0% below list).
• Recommended offer: $119k (5.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#279 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: crime F, amenities F, commute F.
• Wicomico County Public Schools (urban): math 16% / reading 26% proficiency, ranked #19 of 24 in MD (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Westside Intermediate (math 18% / reading 21%, grade F, #353 of 860 statewide, top 45%, 343 students, 44% FRL); Salisbury Middle (math 13% / reading 27%, grade F, #147 of 225 statewide, top 68%, 873 students, 51% FRL); James M. Bennett High (math 55% / reading 66%, grade C+, #71 of 222 statewide, top 32%, 1,343 students, 44% FRL).
• Zoned-school proficiency averages 33% at this address vs 21% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Wicomico County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 7 active listings in the ZIP; 278 units permitted in Wicomico County in 2024 (44 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($864 loan paydown + $4k appreciation (3.2% local appreciation)).
• Wicomico County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $118,686 (5.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. Crime grade is F 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. 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: 0.95% ✗
• Cap rate: 7.89%
• Cash-on-cash: 5.71%
• DSCR: 1.25
• GRM: 8.8

CMA / ARV

• ARV (median comp): $144,359
• List price: $124,900
• Delta: -13.48%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3309 Jesterville Rd	0.32mi	2/2.0	924 (+1%)	14mo	$105,000	$114	67
20885 Nanticoke Rd	0.56mi	3/2.0 (+1)	924 (+1%)	6mo	$205,000	$222	58

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

Projected returns pro-forma

3.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.3%
• Equity multiple: 1.77×
• Total profit: $26,766
• Equity at exit: $57,399

10-year hold

• IRR: 15.1%
• Equity multiple: 3.26×
• Total profit: $78,970
• Equity at exit: $89,434

Cash invested: $34,972 (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 21814

• Home prices YoY: 2.8%
• Active inventory: 7
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,187 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$64 /mo · $771/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $166

Break-even live

Break-even rent $976

Max offer price $124,900

Occupancy floor 81%

Sensitivity live

Price	-10% $237	-5% $202	+0% $166	+5% $131	+10% $96
Rent	-10% $73	-5% $119	+0% $166	+5% $213	+10% $260
Rate	-1.0pp $229	-0.5pp $198	base $166	+0.5pp $134	+1.0pp $101

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $124,900 Active 52 DOM
2. 2026-06-18
   days on market $124,900 Active 49 DOM
3. 2026-06-17
   days on market $124,900 Active 48 DOM
4. 2026-06-16
   days on market $124,900 Active 47 DOM
5. 2026-06-15
   days on market $124,900 Active 46 DOM
6. 2026-06-14
   days on market $124,900 Active 44 DOM
7. 2026-06-13
   remarks 168-char remark
8. 2026-06-13
   pricedays on market $124,900 Active 43 DOM
9. 2026-06-10
   days on market $139,900 Active 41 DOM
10. 2026-06-09
    days on market $139,900 Active 40 DOM
11. 2026-06-08
    days on market $139,900 Active 39 DOM
12. 2026-06-07
    days on market $139,900 Active 38 DOM
13. 2026-06-03
    days on market $139,900 Active 34 DOM
14. 2026-06-02
    days on market $139,900 Active 33 DOM
15. 2026-06-01
    days on market $139,900 Active 32 DOM
16. 2026-05-31
    days on market $139,900 Active 31 DOM
17. 2026-05-30
    days on market $139,900 Active 30 DOM
18. 2026-04-30
    listed $139,900 Active 146-char remark
19. 2006-03-02
    soldstatus $85,000
20. 1981-03-16
    soldstatus $10,000

ⓘ 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: $771 · $64/mo
• Projected year-2 tax: $1,066 · $89/mo
• Expected delta: +$295/yr (+$25/mo · 38.3%)

ⓘ 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 9/10 Extreme 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $14,242
• − Mortgage interest: −$6,996
• − Property taxes: −$771
• − Insurance: −$624
• − Repairs & maintenance: −$1,139
• − Management: −$1,139
• − Depreciation: −$3,633
• Taxable loss: −$62
• Est. tax savings @ 24.0%: +$15
• After-tax cash flow: $2,011/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: Wicomico County Public Schools
• NCES district ID: 2400690
• Math proficiency: 16% ▼ -18.00%
• Reading proficiency: 26% ▼ -13.00%
• Median HH income: $51,745
• Composite: 18.87/100
• National rank: #8860
• State rank: #19 of 24 in MD

Livability — Jesterville

• Score: 64/100
• State rank: #279
• US rank: #14274

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jesterville, MD
• City population: 205
• Population (ZIP): 205

Population outlook (Wicomico County) Hauer SSP2

• Today (2025): 108,548 people
• By 2030: 111,783 · +3.0%
• By 2040: 118,139 · +8.8%
• By 2050: 123,641 · +13.9%
• By 2075: 139,784 · +28.8%
• By 2100: 145,334 · +33.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (58%)
• Race & ethnicity: Hispanic / Latino 58% White 42%
• Common ancestry: Iranian 20%
• Foreign-born: 11% · Canada
• Languages at home: 42% English-only · Spanish 58%

Political lean MEDSL · Wicomico

• 2024 margin: Lean R (+5.5) · D 46.1% · R 51.5% · Other 2.4%
• 2008→2024 swing: +0.3pp no change · 2008: -5.8pp · 2024: -5.5pp
• All cycles: 2024: R+5.5 2020: R+1.9 2016: R+11.6 2012: R+6.9 2008: R+5.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.18%
• Current HPI: 118.5236
• 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

+1149.0% since first listed

4 events — show timeline

• 2026-06-11 Price Changed $124,900 BRIGHT MLS
• 2026-04-30 Listed $139,900 BRIGHT MLS
• 2006-03-02 Sold (Public Records) $85,000 Public Records
• 1981-03-16 Sold (Public Records) $10,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $771 · +1.5% YoY. Source: county tax records.