14 Race St · Port Deposit, MD 21904

$149,999

3 bd · 1.0 ba · 999 sqft · SingleFamily public records · 27 Days on market

Built 1900 4,000 sqft lot

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Why this score? — see what drove the D+ 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 +18.0/30.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 1% rule +4.3/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

3 bed 1 bath home in Port Deposit now available! This home is occupied by a month to month tenant paying $1150 per month and will not be sold vacant. Showings will need advanced notice due to tenant occupancy.

Key facts

• 4,000 sq ft lot
• Built 1900
• Listed 26 days

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric heating fuel
• Home design: Detached property; Year built per assessor
• Construction: Aluminum siding; Other foundation
• Exterior features: Porch(es); Property includes trees/wooded areas; Stream/creek on the lot; Outside entrance to basement

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: Forced air heating; Electric hot water
• Interior features: Attic; Kitchen with table space; Traditional floor plan

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $63 ($757/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 $140k (6.7% below list).
• Recommended offer: $140k (6.7% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 2.8% in Port Deposit — 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 56/100 on livability (#406 in MD) — a working-class tenant base; expect higher turnover. Strengths: housing A+, cost of living A, employment B+; Watch: crime F, amenities F, commute F.
• 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.
• Zoned schools: Perryville High (math 37% / reading 57%, grade D-, #114 of 222 statewide, top 52%, 858 students, 46% FRL).
• Zoned-school proficiency averages 47% at this address vs 22% district-wide (+24 pts) — the actual schools serving this property are materially stronger than the Cecil County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 26 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $78k; list at $150k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; moderate wind risk, 24% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,000 (6.7% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.93% ✗
• Cap rate: 7.33%
• Cash-on-cash: 3.70%
• DSCR: 1.16
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.4%
• Equity multiple: 0.52×
• Total profit: $-20,266
• Equity at exit: $22,365

10-year hold

• IRR: -4.5%
• Equity multiple: 0.71×
• Total profit: $-12,375
• Equity at exit: $12,969

Cash invested: $42,000 (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 21904

• Home prices YoY: -35.0%
• Active inventory: 26
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,400 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$127 /mo · $1,529/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $63

Break-even live

Break-even rent $1,320

Max offer price $149,999

Occupancy floor 90%

Sensitivity live

Price	-10% $148	-5% $105	+0% $63	+5% $21	+10% $-22
Rent	-10% $-48	-5% $8	+0% $63	+5% $118	+10% $174
Rate	-1.0pp $139	-0.5pp $101	base $63	+0.5pp $24	+1.0pp $-15

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42 N Main St Port Deposit, MD	3.0	1.0	1100	$1,400	$1.27	44d	1	0.73mi

Listing history 33 events

1. 2026-06-18
   days on market $149,999 Active 27 DOM
2. 2026-06-17
   days on market $149,999 Active 26 DOM
3. 2026-06-16
   days on market $149,999 Active 25 DOM
4. 2026-06-15
   days on market $149,999 Active 24 DOM
5. 2026-06-13
   days on market $149,999 Active 22 DOM
6. 2026-06-09
   days on market $149,999 Active 18 DOM
7. 2026-06-08
   days on market $149,999 Active 17 DOM
8. 2026-06-07
   days on market $149,999 Active 16 DOM
9. 2026-06-04
   days on market $149,999 Active 13 DOM
10. 2026-06-03
    days on market $149,999 Active 12 DOM
11. 2026-06-02
    days on market $149,999 Active 11 DOM
12. 2026-06-01
    days on market $149,999 Active 10 DOM
13. 2026-05-31
    days on market $149,999 Active 9 DOM
14. 2026-05-22
    listed $149,999 Active
15. 2022-08-29
    soldstatus $78,000
16. 2014-11-14
    historical Withdrawn
17. 2014-11-14
    historical
18. 2014-09-11
    price
19. 2014-08-14
    price
20. 2014-07-29
    listed Active
21. 2014-07-29
    listed $79,900
22. 2010-11-11
    historical
23. 2010-11-10
    soldstatus $49,900 Sold
24. 2010-11-10
    soldstatus $49,900
25. 2010-09-24
    status Contingent (No Kick Out)
26. 2010-09-23
    historical
27. 2010-09-16
    price $49,900
28. 2010-08-18
    listed $64,900 Active
29. 2010-08-17
    listed $49,900
30. 2006-09-05
    soldstatus $104,900
31. 2006-06-13
    soldstatus $104,900
32. 2006-04-13
    historical
33. 2006-04-06
    listed $104,900

ⓘ 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: $1,529 · $127/mo
• Projected year-2 tax: $1,582 · $132/mo
• Expected delta: +$53/yr (+$4/mo · 3.5%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% 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: $16,800
• − Mortgage interest: −$8,402
• − Property taxes: −$1,529
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,344
• − Management: −$1,344
• − Depreciation: −$4,364
• Taxable loss: −$1,730
• Est. tax savings @ 24.0%: +$415
• After-tax cash flow: $1,172/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 — Port Deposit

• Score: 56/100
• State rank: #406
• US rank: #22434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Deposit, MD
• Population (ZIP): 6,401

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 (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 6% Black 6%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 3% Italian 3% Serbian 2%
• Foreign-born: 3% · Canada, Guatemala
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

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: ▼ -134.21%
• Current HPI: 249.2215
• 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

+43.0% since first listed

20 events — show timeline

• 2026-05-22 Listed $149,999 BRIGHT MLS
• 2022-08-29 Sold (Public Records) $78,000 Public Records
• 2014-11-14 Listing Removed — BRIGHT MLS
• 2014-11-14 Delisted — MRIS
• 2014-09-11 Price Changed — MRIS
• 2014-08-14 Price Changed — MRIS
• 2014-07-29 Listed — MRIS
• 2014-07-29 Listed $79,900 BRIGHT MLS
• 2010-11-11 Delisted — MRIS
• 2010-11-10 Sold (MLS) $49,900 BRIGHT MLS
• 2010-11-10 Sold (MLS) $49,900 MRIS
• 2010-09-24 Pending — MRIS
• 2010-09-23 Listing Removed — BRIGHT MLS
• 2010-09-16 Price Changed $49,900 MRIS
• 2010-08-18 Listed $64,900 MRIS
• 2010-08-17 Listed $49,900 BRIGHT MLS
• 2006-09-05 Sold (Public Records) $104,900 Public Records
• 2006-06-13 Sold (MLS) $104,900 MRIS
• 2006-04-13 Delisted — MRIS
• 2006-04-06 Listed $104,900 MRIS

Property tax history

+2.8%/yr

Latest (2025): $1,529 · +4.4% YoY. Source: county tax records.