5421 Skipjack Dr N · Cambridge, MD 21613

$110,000

3 bd · 2.0 ba · 1,600 sqft · SingleFamily · 285 Days on market

Built 1998 Good condition 8,712 sqft lot $69/sqft · 57% below area ↓ 15% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy peaceful country living at an incredible value! Located in the Bay Country community, this charming three bedroom, two bath home is conveniently located a short distance to route 50, restaurants, entertainment and shopping centers. This home has undergone some interior renovations in the last two years, offering you a head start on personalizing the space. Buyer is subject to park approval.

Key facts

• 8,712 sq ft lot
• Built 1998
• Listed 284 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.5% vs local median 4.3% 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: Maple Elementary School (math 5% / reading 8%, grade F, #740 of 860 statewide, top 87%, 392 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: 422 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 185d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 86% of comp listings sitting > 30 days — soft ceiling on asking rent; 81 units permitted in Dorchester County in 2024 (0 in 5+ unit buildings).
• At $2,492/mo this rent would consume 56% of the median local household income ($53k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 285 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 285 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 2.27% ✓
• Cap rate: 19.48%
• Cash-on-cash: 47.09%
• DSCR: 3.10
• GRM: 3.7

CMA / ARV

• ARV (median comp): $255,446
• List price: $110,000
• Delta: -56.94%
• Verdict: UNDERPRICED
• Comps: 17 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2907 Oak Hill Rd	0.23mi	3/1.5	1,872 (+17%)	1mo	$279,000	$149	62
5302 River Dr	0.60mi	3/2.0	1,491 (-7%)	3mo	$325,000	$218	59
2958 Old Route 50	0.49mi	4/1.5 (+1)	1,548 (-3%)	9mo	$135,000	$87	57
5422 Moose Lodge Rd	0.38mi	3/1.0	1,320 (-18%)	3mo	$239,900	$182	51
5503 Bonnie Brook Rd	1.12mi	3/2.0	1,568 (-2%)	14mo	$285,000	$182	50
5543 Bonnie Brook Rd	1.08mi	3/2.0	1,568 (-2%)	18mo	$261,014	$166	47
5546 Bonnie Brook Rd	1.12mi	3/2.0	1,485 (-7%)	21mo	$315,000	$212	36
2728 Marsh Elder Rd	1.07mi	2/2.5 (-1)	1,834 (+15%)	3mo	$615,000	$335	31
2709 Marsh Elder Dr Unit HOMESITE 51	0.87mi	4/3.0 (+1)	1,816 (+14%)	3mo	$459,990	$253	31

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: 44.5%
• Equity multiple: 2.92×
• Total profit: $59,193
• Equity at exit: $16,401

10-year hold

• IRR: 50.4%
• Equity multiple: 5.90×
• Total profit: $150,821
• Equity at exit: $9,511

Cash invested: $30,800 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 12 active · 6 under contract
• Months of supply: 18.0 mo (6%/mo absorbed)
• Median asking: $432,490 ($253/sqft)
• Median days on market: 186 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -36.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 21613

• Home prices YoY: -25.1%
• Active inventory: 422
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,492 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$523
• Net cashflow: $1,209

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,285	-5% $1,247	+0% $1,209	+5% $1,171	+10% $1,133
Rent	-10% $1,012	-5% $1,110	+0% $1,209	+5% $1,307	+10% $1,406
Rate	-1.0pp $1,264	-0.5pp $1,237	base $1,209	+0.5pp $1,180	+1.0pp $1,151

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: $27,500
• Closing costs: $3,300
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2214 Winterberry Ln Unit I Cambridge, MD	3.0	2.5	1945	$2,450	$1.26	184d	1	0.28mi
2208 Winterberry Ln Unit I Cambridge, MD	3.0	2.5	1919	$2,450	$1.28	184d	1	0.29mi
2185 Winterberry Ln Unit L Cambridge, MD	3.0	2.5	1762	$2,300	$1.31	0d	1	0.38mi
2914 Winterberry Ln Cambridge, MD	4.0	3.5	2148	$2,600	$1.21	184d	1	0.43mi
2108 Winterberry Ln Cambridge, MD	3.0	2.5	1909	$2,500	$1.31	184d	1	0.52mi
2104 Winterberry Ln Cambridge, MD	3.0	2.5	1909	$2,500	$1.31	184d	1	0.52mi
2102 Winterberry Ln Cambridge, MD	3.0	2.5	1909	$2,800	$1.47	184d	1	0.53mi

Listing history 50 events

1. 2026-11-08
   days on market $110,000 Active 285 DOM
2. 2026-11-07
   days on market $110,000 Active 284 DOM
3. 2026-11-06
   days on market $110,000 Active 283 DOM
4. 2026-11-05
   days on market $110,000 Active 282 DOM
5. 2026-11-04
   days on market $110,000 Active 281 DOM
6. 2026-11-02
   days on market $110,000 Active 279 DOM
7. 2026-11-01
   days on market $110,000 Active 278 DOM
8. 2026-10-31
   days on market $110,000 Active 277 DOM
9. 2026-10-31
   days on market $110,000 Active 276 DOM
10. 2026-10-29
    days on market $110,000 Active 275 DOM
11. 2026-10-28
    days on market $110,000 Active 274 DOM
12. 2026-10-27
    days on market $110,000 Active 273 DOM
13. 2026-10-26
    days on market $110,000 Active 272 DOM
14. 2026-10-25
    days on market $110,000 Active 271 DOM
15. 2026-10-24
    days on market $110,000 Active 270 DOM
16. 2026-10-23
    days on market $110,000 Active 269 DOM
17. 2026-10-22
    days on market $110,000 Active 268 DOM
18. 2026-10-21
    days on market $110,000 Active 267 DOM
19. 2026-10-20
    days on market $110,000 Active 266 DOM
20. 2026-10-19
    days on market $110,000 Active 265 DOM
21. 2026-10-18
    days on market $110,000 Active 264 DOM
22. 2026-10-17
    days on market $110,000 Active 263 DOM
23. 2026-10-16
    days on market $110,000 Active 262 DOM
24. 2026-10-15
    days on market $110,000 Active 261 DOM
25. 2026-10-14
    days on market $110,000 Active 260 DOM
26. 2026-10-13
    days on market $110,000 Active 259 DOM
27. 2026-10-12
    days on market $110,000 Active 258 DOM
28. 2026-10-11
    days on market $110,000 Active 257 DOM
29. 2026-10-10
    days on market $110,000 Active 256 DOM
30. 2026-10-09
    days on market $110,000 Active 255 DOM
31. 2026-10-08
    days on market $110,000 Active 254 DOM
32. 2026-10-07
    days on market $110,000 Active 253 DOM
33. 2026-10-06
    days on market $110,000 Active 252 DOM
34. 2026-10-05
    days on market $110,000 Active 251 DOM
35. 2026-10-04
    days on market $110,000 Active 250 DOM
36. 2026-10-03
    days on market $110,000 Active 249 DOM
37. 2026-10-02
    days on market $110,000 Active 248 DOM
38. 2026-10-01
    days on market $110,000 Active 247 DOM
39. 2026-09-30
    days on market $110,000 Active 246 DOM
40. 2026-09-29
    days on market $110,000 Active 245 DOM
41. 2026-09-28
    days on market $110,000 Active 244 DOM
42. 2026-09-27
    days on market $110,000 Active 243 DOM
43. 2026-09-26
    days on market $110,000 Active 242 DOM
44. 2026-09-25
    days on market $110,000 Active 241 DOM
45. 2026-09-24
    days on market $110,000 Active 240 DOM
46. 2026-09-23
    days on market $110,000 Active 239 DOM
47. 2026-09-21
    days on market $110,000 Active 237 DOM
48. 2026-09-20
    days on market $110,000 Active 236 DOM
49. 2026-09-19
    days on market $110,000 Active 234 DOM
50. 2026-09-17
    days on market $110,000 Active 233 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $29,907
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$2,393
• − Management: −$2,393
• − Depreciation: −$3,200
• Taxable income: $13,560
• Est. tax owed @ 24.0%: −$3,254
• After-tax cash flow: $11,250/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $8,000–$24,000 screening

This charming three-bedroom home has undergone cosmetic renovations and is in excellent condition, ready for a new owner to personalize the space.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping and adding plants — Improves curb appeal and enhances property value ↑
• Both Adding a small front porch — Enhances curb appeal and provides a welcoming entrance ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 16/100

Zoned Schools

Elementary Maple Elementary School F MD #740/860 Nat'l #40,442/41,679 Middle Mace's Lane Middle School F MD #212/225 Nat'l #13,515/14,009 High Cambridge-South Dorchester High School F MD #151/222 Nat'l #10,416/17,239

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

C Composite livability gradescore 65/100

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

• County: Dorchester · 31,699 people
• Population (ZIP): 18,167
• Household income: $53,171
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 10% of renters

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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%

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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%
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

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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

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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

-15.4% since first listed

3 events — show timeline

• 2026-03-12 Price Changed $110,000 BRIGHT MLS
• 2026-01-28 Listed $130,000 BRIGHT MLS
• 2026-01-27 Coming Soon $130,000 BRIGHT MLS