8839 Whimsey Ct · Walkersville, MD 21793

$239,000

3 bd · 1.5 ba · 1,200 sqft · Townhouse public records · 5 Days on market

Built 1973 1,653 sqft lot Est $290k · 18% under $65/mo HOA · 3% of rent

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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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.5/10.0
• Livability +3.6/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This three bedroom, one and one half bath townhouse wth a walk out basement is ready for your updates!! A galley kitchen with eat in area, living and dining area, with a convenient powder room located on the main level. Two reserved parking spaces!! The community has a pool, recreation facility and parks nearby! * Appointment Only! Showings 10am- 3pm. Schedule appointment two hours before your arrival. , Contracts are due Monday Evening May 18th by 7pm.

Key facts

• Galley kitchen
• Eat in area
• Community pool

Tags

• WALK OUT BASEMENT
• GALLEY KITCHEN
• EAT IN AREA
• POWDER ROOM
• RESERVED PARKING SPACES
• COMMUNITY POOL

Property features AI

Finance

• HOA & community: Quarterly HOA fee of $194; HOA covers pools, snow removal, and trash; Community center, outdoor pool, and recreational center available

Exterior

• Parking: Two assigned off-street spaces in parking lot
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Interior townhouse/rowhouse; Three floors in the unit
• Construction: Aluminum siding; Block foundation; Tile roof
• Exterior features: Community pool; Not in a federal flood zone; Two or more access exits

Interior

• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet flooring
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Heat pump(s) heating; Electric cooling
• Interior features: Fully finished, walkout basement with connecting stairway; Estimated living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $239k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $239k).
• Cap rate 8.0% vs local median 3.6% in Walkersville — 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 (#134 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: amenities F, commute F, cost of living F.
• 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: Walkersville Elementary (math 19% / reading 23%, grade F, #332 of 860 statewide, top 39%, 689 students, 47% FRL); Walkersville Middle (math 12% / reading 39%, grade F, #97 of 225 statewide, top 46%, 841 students, 36% FRL); Walkersville High (math 62% / reading 72%, grade B, #50 of 222 statewide, top 23%, 1,213 students, 33% FRL) — zoned schools average 39% FRL vs 20% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 26 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $7k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $68k; list at $239k implies a 249% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $239,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 8.05%
• Cash-on-cash: 6.26%
• DSCR: 1.28
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $290,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8411 Foresight Ln	0.08mi	3/1.5	1,200 (0%)	7mo	$290,000	$242	90
8835 Whimsey Ct	0.00mi	3/1.5	1,200 (0%)	11mo	$330,000	$275	90
8387 Revelation Ave	0.20mi	3/1.5	1,200 (0%)	11mo	$305,000	$254	82
8804 Utopia Pl	0.22mi	3/1.5	1,200 (0%)	13mo	$251,250	$209	79
8327 Revelation Ave	0.26mi	3/1.5	1,200 (0%)	13mo	$315,000	$263	77
8463 Discovery Blvd	0.19mi	3/2.5	1,259 (+5%)	2mo	$270,000	$214	77
8826 Stauffer Rd	0.08mi	3/2.5	1,259 (+5%)	9mo	$300,000	$238	76
8398 Revelation Ave	0.22mi	3/2.5	1,259 (+5%)	3mo	$289,900	$230	75
8338 Revelation Ave	0.26mi	3/2.5	1,200 (0%)	17mo	$317,500	$265	69
8798 Victory Ct	0.33mi	3/2.5	1,259 (+5%)	12mo	$295,000	$234	63
8316 Revelation Ave	0.29mi	3/2.5	1,259 (+5%)	17mo	$310,000	$246	60
8323 Revelation Ave	0.26mi	3/2.5	1,301 (+8%)	12mo	$299,900	$231	60

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.75×
• Total profit: $-16,473
• Equity at exit: $35,636

10-year hold

• IRR: 3.0%
• Equity multiple: 1.21×
• Total profit: $14,386
• Equity at exit: $20,664

Cash invested: $66,920 (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 21793

• Active inventory: 26
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,509 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$215 /mo · $2,582/yr
• Insurance: −$100
• HOA: −$65
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $349

Break-even live

Break-even rent $2,067

Max offer price $239,000

Occupancy floor 81%

Sensitivity live

Price	-10% $484	-5% $417	+0% $349	+5% $281	+10% $214
Rent	-10% $151	-5% $250	+0% $349	+5% $448	+10% $547
Rate	-1.0pp $469	-0.5pp $410	base $349	+0.5pp $287	+1.0pp $224

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8817 Seekers Walk Walkersville, MD	3.0	2.5	1200	$2,500	$2.08	44d	1	0.07mi
8514 Fortune Pl Walkersville, MD	4.0	2.5	1200	$2,750	$2.29	19d	1	0.35mi
8204 Blue Heron Dr Unit 1C Frederick, MD	2.0	2.0	1052	$2,050	$1.95	21d	1	1.21mi
8294 Black Haw Ct Frederick, MD	3.0	3.5	1280	$2,150	$1.68	45d	1	1.29mi

HOA detail

• Monthly dues: $65 · $780/yr
• Likely covers: pool

Listing history 3 events

1. 2026-05-21
   status Pending
2. 2026-05-17
   listed $239,000 Active
3. 1988-07-18
   soldstatus $68,500

ⓘ 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: $2,582 · $215/mo
• Projected year-2 tax: $2,593 · $216/mo
• Expected delta: +$12/yr (+$1/mo · 0.5%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,107
• − Mortgage interest: −$13,388
• − Property taxes: −$2,582
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,409
• − Management: −$2,409
• − HOA: −$780
• − Depreciation: −$6,953
• Taxable income: $393
• Est. tax owed @ 24.0%: −$94
• After-tax cash flow: $4,094/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 — Walkersville

• Score: 72/100
• State rank: #134
• US rank: #5742

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 10,914
• Population (ZIP): 10,914

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: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 15% Two or more races 11% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Romanian 3% Slovak 3% Italian 2%
• Foreign-born: 10% · Canada
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 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: ▼ -215.91%
• Current HPI: 298.0471
• 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

+248.9% since first listed

3 events — show timeline

• 2026-05-21 Pending — BRIGHT MLS
• 2026-05-17 Listed $239,000 BRIGHT MLS
• 1988-07-18 Sold (Public Records) $68,500 Public Records

Property tax history

+5.5%/yr

Latest (2025): $2,582 · +5.1% YoY. Source: county tax records.