108 Price Rd · Chester, MD 21619

$240,000

3 bd · 1.0 ba · 1,160 sqft · SingleFamily public records · 31 Days on market

Built 1961 7,020 sqft lot Est $295k · 19% under ↓ 26% 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 +21.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +4.7/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

You wouldn't think it but the property offers 3 bedroom and 2 full baths. Patio right off kitchen for the summer cookouts! Easy yard maintenance here, not much grass to manage, leaves plenty of time for those cookouts. Close to Route 8 for easy east/west access. Property sold as is, no repairs will be made by seller. HUD CASE 244-032645, reach out for more information on this unique buying opportunity. Property is owned by the US Dept. of HUD. All HUD Homes are sold “AS-IS”. This property is HUD Case # 244-032645. Information and Disclosures available at hudhomestore website. property Insurability code is: IE. Bids may only be submitted by HUD Registered Agents/Agencies. Buyers

Key facts

• Close to route 8
• 7,020 sq ft lot
• Built 1961

Tags

• PATIO RIGHT OFF KITCHEN
• EASY YARD MAINTENANCE
• CLOSE TO ROUTE 8

Property features AI

Finance

• Other: Ownership: Fee simple; Built year source: Assessor; Finished above-grade living area recorded by assessor (1,160)

Exterior

• Parking: Off-street parking
• Utilities: Electric hot water; Public sewer; Private water
• Home design: Detached structure; Building is winterized
• Construction: Vinyl siding; Crawl space foundation; Above-grade and below-grade structures
• Exterior features: Patio; Deck; Located outside city limits; Directions: Off Dominion Rd, Price Ln

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms (both on main level)
• Heating & cooling: Heat pump heating; Electric cooling
• Interior features: Entry-level bedroom; Master bath(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $357 ($4k/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 $232k (3.2% below list).
• Recommended offer: $232k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 8.1% vs local median 2.2% in Chester — 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 64/100 on livability (#281 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: schools D-, amenities F, commute F.
• Queen Anne'S County Public Schools (rural): math 22% / reading 39% proficiency, ranked #7 of 24 in MD (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 133 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 320 units permitted in Queen Anne's County in 2024 (56 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.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 73% 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 $232,354 (3.2% below list)

Questions for the listing agent

1. It's been on market 31 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 1961 — 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: 0.97% ✗
• Cap rate: 8.08%
• Cash-on-cash: 6.38%
• DSCR: 1.28
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $294,640
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
308 Dominion Rd	0.09mi	3/2.0	1,280 (+10%)	9mo	$325,000	$254	67

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: -6.5%
• Equity multiple: 0.76×
• Total profit: $-16,202
• Equity at exit: $35,785

10-year hold

• IRR: 3.1%
• Equity multiple: 1.22×
• Total profit: $14,897
• Equity at exit: $20,751

Cash invested: $67,200 (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 21619

• Home prices YoY: -20.6%
• Active inventory: 133
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,324 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$120 /mo · $1,435/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $357

Break-even live

Break-even rent $1,871

Max offer price $240,000

Occupancy floor 80%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 Main St Apt 105 Chester, MD	2.0	1.5	1200	$1,950	$1.62	18d	1	0.56mi
2006 Stevens Dr Chester, MD	3.0	1.5	1120	$2,500	$2.23	24d	1	0.69mi
39 Sherman Way Chester, MD	2.0	1.0	704	$1,180	$1.68	2d	1	1.16mi
114 Golden Eye Ct Chester, MD	2.0	2.0	1062	$2,100	$1.98	2d	1	1.45mi

Listing history 15 events

1. 2026-06-18
   days on market $240,000 Active 31 DOM
2. 2026-06-17
   days on market $240,000 Active 30 DOM
3. 2026-06-16
   days on market $240,000 Active 29 DOM
4. 2026-06-15
   days on market $240,000 Active 28 DOM
5. 2026-06-13
   days on market $240,000 Active 26 DOM
6. 2026-06-09
   days on market $240,000 Active 22 DOM
7. 2026-06-08
   days on market $240,000 Active 21 DOM
8. 2026-06-07
   days on market $240,000 Active 20 DOM
9. 2026-06-04
   days on market $240,000 Active 17 DOM
10. 2026-06-03
    days on market $240,000 Active 16 DOM
11. 2026-06-02
    days on market $240,000 Active 15 DOM
12. 2026-06-01
    days on market $240,000 Active 14 DOM
13. 2026-05-31
    days on market $240,000 Active 13 DOM
14. 2026-05-18
    listed $240,000 Active
15. 2026-04-01
    soldstatus $324,688

ⓘ 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: $1,435 · $120/mo
• Projected year-2 tax: $2,026 · $169/mo
• Expected delta: +$590/yr (+$49/mo · 41.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 9% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,882
• − Mortgage interest: −$13,444
• − Property taxes: −$1,435
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,231
• − Management: −$2,231
• − Depreciation: −$6,982
• Taxable income: $361
• Est. tax owed @ 24.0%: −$87
• After-tax cash flow: $4,203/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: Queen Anne'S County Public Schools
• NCES district ID: 2400540
• Math proficiency: 22% ▼ -30.00%
• Reading proficiency: 39% ▼ -22.00%
• Median HH income: $84,577
• Composite: 29.86/100
• National rank: #6406
• State rank: #7 of 24 in MD

Livability — Chester

• Score: 64/100
• State rank: #281
• US rank: #14440

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chester, MD
• County: Queen Annes County · 6,152 people
• City population: 6,152
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 6,152
• Household income: $107,639
• Rent vs Own: 24.9% rent · 75.1% own
• Severe rent burden: 92.0

Population outlook (Queen Anne's County) Hauer SSP2

• Today (2025): 51,149 people
• By 2030: 51,979 · +1.6%
• By 2040: 52,728 · +3.1%
• By 2050: 51,828 · +1.3%
• By 2075: 50,169 · -1.9%
• By 2100: 44,442 · -13.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 8% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 8% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Queen Anne's

• 2024 margin: Strong R (+27.8) · D 35.1% · R 62.9% · Other 2.1%
• 2008→2024 swing: -0.7pp no change · 2008: -27.1pp · 2024: -27.8pp
• All cycles: 2024: R+27.8 2020: R+26.5 2016: R+36.1 2012: R+30.1 2008: R+27.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.51%
• Current HPI: 217.6726
• Rent YoY: —
• Metro: Baltimore-Columbia-Towson, MD
• 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

-26.1% since first listed

2 events — show timeline

• 2026-05-18 Listed $240,000 BRIGHT MLS
• 2026-04-01 Sold (Public Records) $324,688 Public Records

Property tax history

+5.9%/yr

Latest (2025): $1,435 · +5.9% YoY. Source: county tax records.