210 S Main St · North East, MD 21901

$199,999

3 bd · 1.0 ba · 1,640 sqft · Townhouse public records · 55 Days on market

Built 1935 3,270 sqft lot $122/sqft · 16% below area Est $239k · 16% under

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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 +21.1/30.0
• ARV discount +14.8/15.0
• DSCR +6.7/10.0
• 1% rule +5.4/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Tenant occupied income producing 3 bed 1 bath townhouse in downtown North East now available! This home is occupied by a month to month tenant paying $1400 per month and all utilities. Only drive by and exterior showings until offer is accepted.

Key facts

• Built 1935
• Listed 54 days

Property features AI

Finance

• Financial info: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Frame construction
• Construction: Frame construction; Other type of foundation
• Exterior features: Semi-detached property; No tidal water on the lot; Above-grade and below-grade other structures

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom (all upper levels)
• Heating & cooling: Baseboard electric heating; Window air conditioning units (electric)
• Interior features: Assessor-reported living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.1% in North East — 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 70/100 on livability (#164 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, schools D-, crime D-.
• Cecil County Public Schools (rural): math 15% / reading 30% proficiency, ranked #15 of 24 in MD (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.4%/yr); 158 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 563 units permitted in Cecil County in 2024 (330 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $170k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $193,999 (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 1935 — 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. Crime grade is D 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?
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: 1.04% ✓
• Cap rate: 8.01%
• Cash-on-cash: 6.12%
• DSCR: 1.27
• GRM: 8.0

CMA / ARV

• ARV (median comp): $238,556
• List price: $199,999
• Delta: -16.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
157 North East Isles Dr	0.56mi	3/2.5	1,600 (-2%)	14mo	$309,900	$194	52
197 NE Isle Dr Unit 88B	0.65mi	3/3.0	1,600 (-2%)	8mo	$298,900	$187	51
83 North East Isle Dr	0.63mi	2/3.0 (-1)	1,600 (-2%)	9mo	$327,000	$204	46
199 NE Isle Dr Unit 87B	0.66mi	3/3.0	1,800 (+10%)	1mo	$305,000	$169	44
144 North East Isles Dr Unit 95A	0.60mi	3/2.0	1,400 (-15%)	7mo	$311,248	$222	38
9 Jamestown Ct	0.70mi	3/1.5	1,472 (-10%)	15mo	$235,000	$160	36
80 NE Isle Dr	0.65mi	2/2.0 (-1)	1,400 (-15%)	2mo	$349,900	$250	35
153 NE Isle Dr Unit 5A	0.57mi	3/2.5	1,800 (+10%)	22mo	$332,900	$185	33

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 · 3.41% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.76×
• Total profit: $-13,330
• Equity at exit: $29,821

10-year hold

• IRR: 3.7%
• Equity multiple: 1.28×
• Total profit: $15,447
• Equity at exit: $17,292

Cash invested: $56,000 (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 21901

• Home prices YoY: -34.5%
• Rents YoY: 3.4%
• Active inventory: 158
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,076 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$222 /mo · $2,660/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $286

Break-even live

Break-even rent $1,714

Max offer price $199,999

Occupancy floor 81%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Cypress Dr North East, MD	3.0	1.5	1540	$2,000	$1.30	2d	1	1.05mi
30 Sycamore Dr North East, MD	2.0	1.5	1188	$1,750	$1.47	16d	1	1.19mi

Listing history 39 events

1. 2026-06-18
   days on market $199,999 Active 55 DOM
2. 2026-06-17
   days on market $199,999 Active 54 DOM
3. 2026-06-16
   days on market $199,999 Active 53 DOM
4. 2026-06-15
   days on market $199,999 Active 52 DOM
5. 2026-06-13
   days on market $199,999 Active 50 DOM
6. 2026-06-09
   days on market $199,999 Active 46 DOM
7. 2026-06-08
   days on market $199,999 Active 45 DOM
8. 2026-06-07
   days on market $199,999 Active 44 DOM
9. 2026-06-04
   days on market $199,999 Active 41 DOM
10. 2026-06-03
    days on market $199,999 Active 40 DOM
11. 2026-06-02
    days on market $199,999 Active 39 DOM
12. 2026-06-01
    days on market $199,999 Active 38 DOM
13. 2026-05-31
    days on market $199,999 Active 37 DOM
14. 2026-04-24
    listed $225,000 Active 245-char remark
15. 2022-06-14
    soldstatus $170,000
16. 2012-07-31
    historical Expired
17. 2012-07-31
    historical
18. 2012-06-06
    price
19. 2012-03-12
    price
20. 2011-07-28
    listed Active
21. 2011-07-28
    listed $164,000
22. 2010-12-13
    historical
23. 2010-12-13
    historical
24. 2010-10-11
    status Active
25. 2010-09-09
    status Contract
26. 2010-08-13
    price
27. 2010-04-20
    price
28. 2010-03-12
    price
29. 2009-08-27
    listed Active
30. 2009-08-27
    listed $200,000
31. 2004-06-21
    soldstatus $185,000
32. 2004-06-15
    soldstatus $80,000
33. 2004-05-21
    historical
34. 2004-04-22
    listed $79,900
35. 2001-04-10
    soldstatus $95,000
36. 2000-04-14
    historical
37. 2000-02-05
    listed
38. 1996-10-25
    soldstatus $150,000
39. 1986-05-19
    soldstatus $50,000

ⓘ 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: $2,660 · $222/mo
• Projected year-2 tax: $2,660 · $222/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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) · 13% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,906
• − Mortgage interest: −$11,203
• − Property taxes: −$2,660
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,992
• − Management: −$1,992
• − Depreciation: −$5,818
• Taxable income: $240
• Est. tax owed @ 24.0%: −$58
• After-tax cash flow: $3,372/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: Cecil County Public Schools
• NCES district ID: 2400240
• Math proficiency: 15% ▼ -21.00%
• Reading proficiency: 30% ▼ -15.00%
• Median HH income: $66,544
• Composite: 21.51/100
• National rank: #8322
• State rank: #15 of 24 in MD

Livability — North East

• Score: 70/100
• State rank: #164
• US rank: #7366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North East, MD
• County: Cecil County · 65,041 people
• City population: 19,514
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 19,514
• Household income: $113,719
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 427.0

Population outlook (Cecil County) Hauer SSP2

• Today (2025): 105,877 people
• By 2030: 106,905 · +1.0%
• By 2040: 107,156 · +1.2%
• By 2050: 104,170 · -1.6%
• By 2075: 95,771 · -9.5%
• By 2100: 82,381 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 7% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Italian 4% Romanian 4% Slovak 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% German/W. Germanic 0%

Political lean MEDSL · Cecil

• 2024 margin: Solid R (+30.9) · D 33.5% · R 64.4% · Other 2.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -14.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+26.6 2016: R+35.3 2012: R+20.4 2008: R+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.98%
• Current HPI: 236.852
• Rent YoY: ▲ 3.41%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-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

+300.0% since first listed

27 events — show timeline

• 2026-05-19 Price Changed $199,999 BRIGHT MLS
• 2026-04-24 Listed $225,000 BRIGHT MLS
• 2022-06-14 Sold (Public Records) $170,000 Public Records
• 2012-07-31 Delisted — MRIS
• 2012-07-31 Listing Removed — BRIGHT MLS
• 2012-06-06 Price Changed — MRIS
• 2012-03-12 Price Changed — MRIS
• 2011-07-28 Listed — MRIS
• 2011-07-28 Listed $164,000 BRIGHT MLS
• 2010-12-13 Delisted — MRIS
• 2010-12-13 Listing Removed — BRIGHT MLS
• 2010-10-11 Relisted — MRIS
• 2010-09-09 Pending — MRIS
• 2010-08-13 Price Changed — MRIS
• 2010-04-20 Price Changed — MRIS
• 2010-03-12 Price Changed — MRIS
• 2009-08-27 Listed — MRIS
• 2009-08-27 Listed $200,000 BRIGHT MLS
• 2004-06-21 Sold (Public Records) $185,000 Public Records
• 2004-06-15 Sold (MLS) $80,000 MRIS
• 2004-05-21 Delisted — MRIS
• 2004-04-22 Listed $79,900 MRIS
• 2001-04-10 Sold (Public Records) $95,000 Public Records
• 2000-04-14 Delisted — MRIS
• 2000-02-05 Listed — MRIS
• 1996-10-25 Sold (Public Records) $150,000 Public Records
• 1986-05-19 Sold (Public Records) $50,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $2,660 · +6.4% YoY. Source: county tax records.