1109 High St · Cambridge, MD 21613

$239,900

4 bd · 2.5 ba · 2,060 sqft · SingleFamily public records · 82 Days on market

Built 2004 0.28 ac lot $116/sqft · 6% below area Est $256k · 6% under

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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 +14.6/30.0
• ARV discount +10.3/15.0
• DSCR +4.4/10.0
• 1% rule +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * ALERT-JUST REDUCED $37.6K * * Welcome to this spacious center hall Colonial, ideally located on a quiet section of High Street in the heart of Cambridge. Set on a large, level lot, this home offers generous room sizes, a functional layout, and incredible potential for the right buyer. The main level features a well-designed floor plan with a kitchen that includes a breakfast bar and opens directly into the family room, creating a comfortable space for everyday living. The family room is anchored by a gas fireplace, adding warmth and character, and has sliding glass doors that provide direct access to the deck and backyard. Just off the kitchen, a large laundry room provides added convenience and functionality. A formal dining room and a separate sitting room offer additional living space, with the sitting room presenting a great opportunity for a main-level bedroom thanks to its two large closets. A full bath on this level further enhances the home’s flexibility. Upstairs, you’ll find four generously sized bedrooms, including a spacious primary suite with a large walk-in closet and an ensuite bath. A hall bath serves the additional bedrooms. Located minutes from the historic town of Cambridge, this home offers easy access to a variety of local attractions and activities. Enjoy outdoor recreation at Gerry Boyle Park at Great Marsh, or spend time in the charming historic downtown district filled with unique shops and restaurants, including the well-known RAR Brewery. Commuters will appreciate the home’s close proximity to U. S. Route 50, providing convenient travel throughout the region. With its expansive layout, versatile living spaces, and prime location, this property presents a unique opportunity to create your vision and add value in the sought-after Cambridge community.

Key facts

• 0.28 acre lot
• Garage
• Built 2004

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $55 ($662/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 $222k (7.7% below list).
• Recommended offer: $222k (7.7% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.2% in Cambridge — 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 65/100 on livability (#255 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: amenities D, crime F, employment F.
• Dorchester County Public Schools (rural): math 10% / reading 23% proficiency, ranked #23 of 24 in MD (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Choptank Elementary School (math 2% / reading 2%, grade F, #826 of 860 statewide, top 100%, 375 students, 100% FRL); Mace'S Lane Middle School (math 2% / reading 16%, grade F, #212 of 225 statewide, top 95%, 481 students, 100% FRL); Cambridge-South Dorchester High School (math 22% / reading 42%, grade F, #151 of 222 statewide, top 68%, 784 students, 100% FRL) — zoned schools average 100% FRL vs 58% district-wide (42 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 292 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 81 units permitted in Dorchester County in 2024 (0 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.
• Dorchester County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 25y ago; this cycle's ask has dropped $58k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $170k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% 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 $221,512 (7.7% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 0.92% ✗
• Cap rate: 6.57%
• Cash-on-cash: 0.99%
• DSCR: 1.04
• GRM: 9.0

CMA / ARV

• ARV (median comp): $255,822
• List price: $239,900
• Delta: -6.22%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
634 Douglas St	0.52mi	4/3.5	2,075 (+1%)	2mo	$235,000	$113	69
638 Douglas St	0.49mi	4/2.0	1,942 (-6%)	1mo	$230,000	$118	65
1010 Miles Ave	0.07mi	4/2.5	1,874 (-9%)	21mo	$287,000	$153	64
1002 Miles Ave	0.04mi	4/2.5	1,814 (-12%)	17mo	$276,000	$152	64
305 Terrapin Cir	0.64mi	4/2.5	1,993 (-3%)	19mo	$347,500	$174	49
406 Osprey Cir	0.52mi	3/2.5 (-1)	1,978 (-4%)	23mo	$350,000	$177	45
519 Pine St	0.75mi	4/2.5	1,826 (-11%)	17mo	$209,000	$114	32

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: -14.7%
• Equity multiple: 0.47×
• Total profit: $-35,304
• Equity at exit: $35,770

10-year hold

• IRR: -6.0%
• Equity multiple: 0.61×
• Total profit: $-25,989
• Equity at exit: $20,742

Cash invested: $67,172 (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 21613

• Home prices YoY: -25.1%
• Active inventory: 292
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,215 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$337 /mo · $4,041/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $55

Break-even live

Break-even rent $2,145

Max offer price $239,900

Occupancy floor 93%

Sensitivity live

Price	-10% $191	-5% $123	+0% $55	+5% $-13	+10% $-81
Rent	-10% $-120	-5% $-32	+0% $55	+5% $143	+10% $230
Rate	-1.0pp $176	-0.5pp $116	base $55	+0.5pp $-7	+1.0pp $-70

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
318 E Appleby Ave Cambridge, MD	3.0	2.5	1536	$2,100	$1.37	45d	1	0.62mi
2509 Boeing Way Cambridge, MD	3.0	2.5	1780	$1,965	$1.10	45d	1	0.98mi
2505 Boeing Way Cambridge, MD	3.0	2.5	1557	$2,199	$1.41	45d	1	0.99mi
2484 Westwind Blvd Unit TH Cambridge, MD	3.0	2.5	1826	$2,100	$1.15	45d	1	1.00mi
2504 Boeing Way Cambridge, MD	3.0	2.5	1922	$2,199	$1.14	45d	1	1.01mi
401 N Seaway Ct Cambridge, MD	3.0	2.5	1867	$2,600	$1.39	45d	1	1.05mi
414 Waterfield Ct Cambridge, MD	3.0	2.5	2000	$2,395	$1.20	45d	1	1.12mi

Listing history 45 events

1. 2026-06-22
   days on market $239,900 Active 82 DOM
2. 2026-06-21
   days on market $239,900 Active 81 DOM
3. 2026-06-21
   days on market $239,900 Active 80 DOM
4. 2026-06-18
   days on market $239,900 Active 78 DOM
5. 2026-06-17
   days on market $239,900 Active 77 DOM
6. 2026-06-16
   days on market $239,900 Active 76 DOM
7. 2026-06-15
   days on market $239,900 Active 75 DOM
8. 2026-06-13
   days on market $239,900 Active 73 DOM
9. 2026-06-12
   days on market $239,900 Active 72 DOM
10. 2026-06-09
    days on market $239,900 Active 69 DOM
11. 2026-06-08
    days on market $239,900 Active 68 DOM
12. 2026-06-07
    pricedays on market $239,900 Active 67 DOM
13. 2026-06-07
    days on market $249,900 Active 66 DOM
14. 2026-06-04
    days on market $249,900 Active 63 DOM
15. 2026-06-02
    days on market $249,900 Active 62 DOM
16. 2026-06-01
    days on market $249,900 Active 61 DOM
17. 2026-05-31
    days on market $249,900 Active 60 DOM
18. 2026-05-31
    days on market $249,900 Active 59 DOM
19. 2026-05-03
    price $249,900 1830-char remark

    Show marketing remark (1830 chars)

    * * ALERT-JUST REDUCED $37.6K * * Welcome to this spacious center hall Colonial, ideally located on a quiet section of High Street in the heart of Cambridge. Set on a large, level lot, this home offers generous room sizes, a functional layout, and incredible potential for the right buyer. The main level features a well-designed floor plan with a kitchen that includes a breakfast bar and opens directly into the family room, creating a comfortable space for everyday living. The family room is anchored by a gas fireplace, adding warmth and character, and has sliding glass doors that provide direct access to the deck and backyard. Just off the kitchen, a large laundry room provides added convenience and functionality. A formal dining room and a separate sitting room offer additional living space, with the sitting room presenting a great opportunity for a main-level bedroom thanks to its two large closets. A full bath on this level further enhances the home’s flexibility. Upstairs, you’ll find four generously sized bedrooms, including a spacious primary suite with a large walk-in closet and an ensuite bath. A hall bath serves the additional bedrooms. Located minutes from the historic town of Cambridge, this home offers easy access to a variety of local attractions and activities. Enjoy outdoor recreation at Gerry Boyle Park at Great Marsh, or spend time in the charming historic downtown district filled with unique shops and restaurants, including the well-known RAR Brewery. Commuters will appreciate the home’s close proximity to U. S. Route 50, providing convenient travel throughout the region. With its expansive layout, versatile living spaces, and prime location, this property presents a unique opportunity to create your vision and add value in the sought-after Cambridge community.

20. 2026-04-20
    price $287,500 1830-char remark

    Show marketing remark (1830 chars)

    * * ALERT-JUST REDUCED $37.6K * * Welcome to this spacious center hall Colonial, ideally located on a quiet section of High Street in the heart of Cambridge. Set on a large, level lot, this home offers generous room sizes, a functional layout, and incredible potential for the right buyer. The main level features a well-designed floor plan with a kitchen that includes a breakfast bar and opens directly into the family room, creating a comfortable space for everyday living. The family room is anchored by a gas fireplace, adding warmth and character, and has sliding glass doors that provide direct access to the deck and backyard. Just off the kitchen, a large laundry room provides added convenience and functionality. A formal dining room and a separate sitting room offer additional living space, with the sitting room presenting a great opportunity for a main-level bedroom thanks to its two large closets. A full bath on this level further enhances the home’s flexibility. Upstairs, you’ll find four generously sized bedrooms, including a spacious primary suite with a large walk-in closet and an ensuite bath. A hall bath serves the additional bedrooms. Located minutes from the historic town of Cambridge, this home offers easy access to a variety of local attractions and activities. Enjoy outdoor recreation at Gerry Boyle Park at Great Marsh, or spend time in the charming historic downtown district filled with unique shops and restaurants, including the well-known RAR Brewery. Commuters will appreciate the home’s close proximity to U. S. Route 50, providing convenient travel throughout the region. With its expansive layout, versatile living spaces, and prime location, this property presents a unique opportunity to create your vision and add value in the sought-after Cambridge community.

21. 2026-04-01
    listed $297,500 Active 1830-char remark

    Show marketing remark (1830 chars)

    * * ALERT-JUST REDUCED $37.6K * * Welcome to this spacious center hall Colonial, ideally located on a quiet section of High Street in the heart of Cambridge. Set on a large, level lot, this home offers generous room sizes, a functional layout, and incredible potential for the right buyer. The main level features a well-designed floor plan with a kitchen that includes a breakfast bar and opens directly into the family room, creating a comfortable space for everyday living. The family room is anchored by a gas fireplace, adding warmth and character, and has sliding glass doors that provide direct access to the deck and backyard. Just off the kitchen, a large laundry room provides added convenience and functionality. A formal dining room and a separate sitting room offer additional living space, with the sitting room presenting a great opportunity for a main-level bedroom thanks to its two large closets. A full bath on this level further enhances the home’s flexibility. Upstairs, you’ll find four generously sized bedrooms, including a spacious primary suite with a large walk-in closet and an ensuite bath. A hall bath serves the additional bedrooms. Located minutes from the historic town of Cambridge, this home offers easy access to a variety of local attractions and activities. Enjoy outdoor recreation at Gerry Boyle Park at Great Marsh, or spend time in the charming historic downtown district filled with unique shops and restaurants, including the well-known RAR Brewery. Commuters will appreciate the home’s close proximity to U. S. Route 50, providing convenient travel throughout the region. With its expansive layout, versatile living spaces, and prime location, this property presents a unique opportunity to create your vision and add value in the sought-after Cambridge community.

22. 2010-06-30
    soldstatus $169,900 Sold 183-char remark

    Show marketing remark (183 chars)

    Spacious 4 BR Home, with attached garage, mud room and so much more. Freshly Painted and New Carpet. This is a Fannie Mae Homepath Property, you can purchase with as little as 3 Down.

23. 2010-06-30
    soldstatus $169,900

    Show marketing remark (183 chars)

    Spacious 4 BR Home, with attached garage, mud room and so much more. Freshly Painted and New Carpet. This is a Fannie Mae Homepath Property, you can purchase with as little as 3 Down.

24. 2010-05-05
    status Contract 183-char remark

    Show marketing remark (183 chars)

    Spacious 4 BR Home, with attached garage, mud room and so much more. Freshly Painted and New Carpet. This is a Fannie Mae Homepath Property, you can purchase with as little as 3 Down.

25. 2010-04-30
    historical
26. 2010-03-24
    price $169,900 183-char remark

    Show marketing remark (183 chars)

    Spacious 4 BR Home, with attached garage, mud room and so much more. Freshly Painted and New Carpet. This is a Fannie Mae Homepath Property, you can purchase with as little as 3 Down.

27. 2010-02-24
    listed $180,000 Active 183-char remark

    Show marketing remark (183 chars)

    Spacious 4 BR Home, with attached garage, mud room and so much more. Freshly Painted and New Carpet. This is a Fannie Mae Homepath Property, you can purchase with as little as 3 Down.

28. 2010-02-24
    listed $169,900

    Show marketing remark (183 chars)

    Spacious 4 BR Home, with attached garage, mud room and so much more. Freshly Painted and New Carpet. This is a Fannie Mae Homepath Property, you can purchase with as little as 3 Down.

29. 2009-11-11
    historical Withdrawn
30. 2009-08-06
    listed Active
31. 2009-04-01
    historical
32. 2008-11-26
    status
33. 2008-11-18
    historical
34. 2008-09-23
    status
35. 2008-09-16
    historical
36. 2007-09-13
    listed
37. 2007-07-25
    historical
38. 2007-01-31
    listed
39. 2006-02-22
    historical
40. 2005-11-04
    listed
41. 2005-01-26
    soldstatus $197,500
42. 2005-01-14
    historical
43. 2004-12-22
    listed $199,500
44. 2002-11-19
    historical
45. 2001-05-21
    listed

ⓘ 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: $4,041 · $337/mo
• Projected year-2 tax: $4,041 · $337/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% 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: $26,581
• − Mortgage interest: −$13,438
• − Property taxes: −$4,041
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,127
• − Management: −$2,127
• − Depreciation: −$6,979
• Taxable loss: −$3,329
• Est. tax savings @ 24.0%: +$799
• After-tax cash flow: $1,461/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: Dorchester County Public Schools
• NCES district ID: 2400300
• Math proficiency: 10% ▼ -14.00%
• Reading proficiency: 23% ▼ -12.00%
• Median HH income: $46,767
• Composite: 14.65/100
• National rank: #9404
• State rank: #23 of 24 in MD

Livability — Cambridge

• Score: 65/100
• State rank: #255
• US rank: #13046

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cambridge, MD
• Population (ZIP): 18,167

Population outlook (Dorchester County) Hauer SSP2

• Today (2025): 31,699 people
• By 2030: 31,054 · -2.0%
• By 2040: 29,712 · -6.3%
• By 2050: 28,618 · -9.7%
• By 2075: 28,436 · -10.3%
• By 2100: 28,937 · -8.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 52% Black 33% Two or more races 10% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 1% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Dorchester

• 2024 margin: R (+14.6) · D 41.6% · R 56.1% · Other 2.3%
• 2008→2024 swing: -6.3pp toward R · 2008: -8.2pp · 2024: -14.6pp
• All cycles: 2024: R+14.6 2020: R+11.9 2016: R+16.0 2012: R+6.6 2008: R+8.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.03%
• Current HPI: 271.1127
• 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

+25.3% since first listed

27 events — show timeline

• 2026-05-03 Price Changed $249,900 BRIGHT MLS
• 2026-04-20 Price Changed $287,500 BRIGHT MLS
• 2026-04-01 Listed $297,500 BRIGHT MLS
• 2010-06-30 Sold (MLS) $169,900 BRIGHT MLS
• 2010-06-30 Sold (MLS) $169,900 MRIS
• 2010-05-05 Pending — MRIS
• 2010-04-30 Listing Removed — BRIGHT MLS
• 2010-03-24 Price Changed $169,900 MRIS
• 2010-02-24 Listed $180,000 MRIS
• 2010-02-24 Listed $169,900 BRIGHT MLS
• 2009-11-11 Delisted — MRIS
• 2009-08-06 Listed — MRIS
• 2009-04-01 Delisted — MRIS
• 2008-11-26 Relisted — MRIS
• 2008-11-18 Delisted — MRIS
• 2008-09-23 Relisted — MRIS
• 2008-09-16 Delisted — MRIS
• 2007-09-13 Listed — MRIS
• 2007-07-25 Delisted — MRIS
• 2007-01-31 Listed — MRIS
• 2006-02-22 Delisted — MRIS
• 2005-11-04 Listed — MRIS
• 2005-01-26 Sold (MLS) $197,500 MRIS
• 2005-01-14 Delisted — MRIS
• 2004-12-22 Listed $199,500 MRIS
• 2002-11-19 Delisted — MRIS
• 2001-05-21 Listed — MRIS

Property tax history

+4.5%/yr

Latest (2025): $4,041 · +12.7% YoY. Source: county tax records.