11042 Lincoln Ave · Halfway, MD 21740

$179,000

3 bd · 2.0 ba · 1,387 sqft · SingleFamily public records · 2 Days on market

Built 1950 6,935 sqft lot Est $298k · 40% 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 +23.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +5.6/10.0
• Rent growth +3.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

CHARMING 2-3 BEDROOM HOME IN HAGERSTOWN, MD! This well-maintained home features 2-3 bedrooms, 1 bathroom, a comfortable living room, dining room, kitchen, and convenient laundry area. The full partially finished basement offers additional space with a family room and ample storage. Outside, you'll find both an attached 1-car garage and a detached 2-car garage, along with a fenced rear yard—perfect for pets, outdoor activities, or entertaining. Whether you're looking for a place to call home or a great investment opportunity, this property offers excellent potential. Don’t miss your opportunity to make this charming home your own! This property will be offered at auction on Monda

Key facts

• Fenced rear yard
• 6,935 sq ft lot
• 3 garage spots

Tags

• FENCED REAR YARD
• ATTACHED 1-CAR GARAGE
• DETACHED 2-CAR GARAGE

Property features AI

Exterior

• Parking: Detached garage (2 spaces); Attached garage (1 space); Driveway parking; Three total garage/parking spaces; Covered parking with front-entry garage and additional storage area
• Utilities: Public water; Public sewer; Natural gas for heating and hot water; Electric-powered central A/C
• Home design: Detached property
• Construction: Cement siding; Block foundation; Above- and below-grade structures; Built year reported by assessor
• Exterior features: Property outside city limits; No tidal water

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Two bedrooms on the main level; One bedroom on the upper level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full, partially finished basement; Living room; Dining room; Family room; Storage room
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $327 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Cap rate 8.5% vs local median 4.8% in Halfway — 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 66/100 on livability (#225 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, employment A-; Watch: schools C-, crime F, amenities F.
• Washingtion County Public Schools (suburban): math 18% / reading 33% proficiency, ranked #13 of 24 in MD (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.0%/yr); 368 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 232 units permitted in Washington County in 2024 (12 in 5+ unit buildings).
• This rent runs 36% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $179,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.49%
• Cash-on-cash: 7.83%
• DSCR: 1.35
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $298,205
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11029 Lincoln Ave	0.06mi	3/1.5	1,531 (+10%)	3mo	$292,000	$191	76
11117 Nursery Rd	0.20mi	4/1.5 (+1)	1,363 (-2%)	6mo	$310,000	$227	76
10904 Decker Ave	0.47mi	3/2.0	1,400 (+1%)	3mo	$330,000	$236	74
17521 Gay St	0.24mi	3/1.0	1,530 (+10%)	1mo	$309,900	$203	66
17539 York Rd	0.46mi	4/2.0 (+1)	1,426 (+3%)	4mo	$287,500	$202	65
17125 Miner Ave	0.62mi	3/1.5	1,336 (-4%)	4mo	$259,900	$195	60
17325 Gay St	0.30mi	2/2.0 (-1)	1,228 (-12%)	3mo	$280,000	$228	59
10829 Oak Valley Dr	0.71mi	3/2.0	1,456 (+5%)	3mo	$250,000	$172	56
10903 Allen Ave	0.41mi	2/1.0 (-1)	1,533 (+10%)	5mo	$298,500	$195	50
11319 Manse Rd	0.66mi	3/1.0	1,258 (-9%)	1mo	$270,000	$215	49
17520 York Rd	0.43mi	2/1.0 (-1)	1,194 (-14%)	4mo	$260,000	$218	44
10701 Oak Forest Dr	0.69mi	3/1.5	1,189 (-14%)	5mo	$304,000	$256	38

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 · 4.0% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.87×
• Total profit: $-6,267
• Equity at exit: $26,689

10-year hold

• IRR: 7.4%
• Equity multiple: 1.59×
• Total profit: $29,353
• Equity at exit: $15,477

Cash invested: $50,120 (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 21740

• Rents YoY: 4.0%
• Active inventory: 368
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,891 high
• Mortgage (P&I): −$939
• Tax from tax record: −$153 /mo · $1,839/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $327

Break-even live

Break-even rent $1,477

Max offer price $179,000

Occupancy floor 78%

Sensitivity live

Price	-10% $428	-5% $378	+0% $327	+5% $276	+10% $226
Rent	-10% $178	-5% $252	+0% $327	+5% $402	+10% $476
Rate	-1.0pp $417	-0.5pp $373	base $327	+0.5pp $281	+1.0pp $234

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10924 Gaywood Dr Hagerstown, MD	3.0	1.0	1100	$2,000	$1.82	21d	1	0.36mi
1529 Sherman Ave Unit 1 Hagerstown, MD	3.0	2.5	1496	$2,100	$1.40	21d	1	0.85mi
1527 Sherman Ave Unit 2 Hagerstown, MD	3.0	2.5	1496	$2,100	$1.40	21d	1	0.85mi
17940 Garden Ln Hagerstown, MD	1.0–3.0	1.0–2.0	1020	$1,706	$1.67	14d	19	0.93mi
17958 Hickory Ln Hagerstown, MD	2.0	1.5	1132	$1,650	$1.46	44d	1	1.01mi
672 Armstrong Ave Hagerstown, MD	4.0	2.0	1698	$2,680	$1.58	21d	1	1.08mi
825 Armstrong Ave Hagerstown, MD	2.0	1.0	1000	$1,700	$1.70	14d	1	1.10mi

Listing history 3 events

1. 2026-06-18
   days on market $179,000 Coming Soon 2 DOM
2. 2026-06-17
   remarks 687-char remark
3. 2026-06-17
   listed $179,000 Coming Soon 1 DOM

ⓘ 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: $1,839 · $153/mo
• Projected year-2 tax: $1,895 · $158/mo
• Expected delta: +$56/yr (+$5/mo · 3.0%)

ⓘ 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 5/10 Major 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,688
• − Mortgage interest: −$10,027
• − Property taxes: −$1,839
• − Insurance: −$895
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − Depreciation: −$5,207
• Taxable income: $1,090
• Est. tax owed @ 24.0%: −$262
• After-tax cash flow: $3,663/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: Washingtion County Public Schools
• NCES district ID: 2400660
• Math proficiency: 18% ▼ -20.00%
• Reading proficiency: 33% ▼ -17.00%
• Median HH income: $54,784
• Composite: 22.87/100
• National rank: #8007
• State rank: #13 of 24 in MD

Livability — Halfway

• Score: 66/100
• State rank: #225
• US rank: #11296

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Halfway, MD
• County: Washington County · 98,861 people
• Metro: Hagerstown-Martinsburg, MD-WV
• Population (ZIP): 64,792
• Household income: $62,873
• Rent vs Own: 44.7% rent · 55.3% own
• Severe rent burden: 2832.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 151,614 people
• By 2030: 151,455 · -0.1%
• By 2040: 150,097 · -1.0%
• By 2050: 148,193 · -2.3%
• By 2075: 146,581 · -3.3%
• By 2100: 138,025 · -9.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 18% Two or more races 10% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Dominican 2%
• Common ancestry: Romanian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 9% · Canada, China
• Languages at home: 86% English-only · Spanish 9% French/Haitian/Cajun 1% Chinese 1%

Political lean MEDSL · Washington

• 2024 margin: Strong R (+23.0) · D 37.3% · R 60.4% · Other 2.3%
• 2008→2024 swing: -10.2pp toward R · 2008: -12.9pp · 2024: -23.0pp
• All cycles: 2024: R+23.0 2020: R+20.9 2016: R+32.4 2012: R+18.5 2008: R+12.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -248.38%
• Current HPI: 264.8018
• Rent YoY: ▲ 4.00%
• Metro: Hagerstown-Martinsburg, MD-WV
• 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

1 event — show timeline

• 2026-06-17 Coming Soon $179,000 BRIGHT MLS

Property tax history

+1.8%/yr

Latest (2025): $1,839 · +5.6% YoY. Source: county tax records.