317 Choptank Ave · Easton, MD 21601

$280,000

3 bd · 2.0 ba · 1,232 sqft · SingleFamily public records · 4 Days on market

Built 1985 8,640 sqft lot Est $340k · 18% 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).

• ARV discount +15.0/15.0
• Cash flow +14.6/30.0
• DSCR +4.5/10.0
• Livability +3.6/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Situated at the end of a cul-de-sac and conveniently located near Saints Peter & Paul School, this rancher offers comfortable one-level living just minutes from downtown Easton. Priced to sell and offered as-is, the home features 3 bedrooms, 2 full bathrooms, a kitchen with a dining area, and a living room perfect for everyday living. Enjoy relaxing in the screened porch overlooking the rear yard. Don't miss this excellent opportunity to own a home in a desirable location at an attractive price.

Key facts

• Cul de sac
• Good condition
• 8,640 sq ft lot

Tags

• CUL DE SAC
• CLOSE TO DOWNTOWN EASTON
• GOOD CONDITION

Property features AI

Finance

• Other: Ownership is fee simple

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Detached single-family home; Above-grade finished living area approximately 1,232 (assessor)
• Construction: Vinyl siding exterior; Crawl space foundation; Structure built (year from assessor)
• Exterior features: Lot with approximate dimension 72.00 x; Located in city limits (Easton)

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Electric baseboard heating; Window air conditioning units (electric)
• Interior features: No basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $66 ($797/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 $223k (20.2% below list).
• Recommended offer: $223k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.8% in Easton — 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 71/100 on livability (#154 in MD) — a middle-class / working-renter tenant base. Strengths: health & safety A+, housing A-, employment B+; Watch: amenities C-, schools D, crime D.
• Talbot County Public Schools (town): math 15% / reading 35% proficiency, ranked #12 of 24 in MD (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 207 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 158 units permitted in Talbot County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($84k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Talbot County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $195k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 55% 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 $223,314 (20.2% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.02%
• DSCR: 1.05
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $340,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
213 Prospect Ave	0.19mi	3/2.0	1,236 (+0%)	10mo	$360,000	$291	82
706 High St	0.25mi	3/2.0	1,284 (+4%)	0mo	$405,000	$315	81
309 Prospect Ave	0.09mi	3/1.0	1,120 (-9%)	6mo	$300,000	$268	72
305 Brookletts Ave	0.50mi	3/1.0	1,240 (+1%)	1mo	$230,000	$185	71
114 S Hanson St	0.62mi	3/1.5	1,264 (+3%)	9mo	$315,000	$249	57
117 South St	0.69mi	3/1.0	1,220 (-1%)	10mo	$355,000	$291	54
710 Wayside Ave	0.69mi	3/1.0	1,215 (-1%)	12mo	$311,000	$256	51
125 S Higgins St	0.51mi	2/2.0 (-1)	1,368 (+11%)	3mo	$245,000	$179	50
412 Trippe Ave	0.64mi	3/1.0	1,101 (-11%)	2mo	$310,000	$282	47
705 Goldsborough St	0.74mi	3/1.0	1,308 (+6%)	13mo	$190,000	$145	40
11 N Higgins St	0.68mi	3/2.0	1,354 (+10%)	17mo	$395,000	$292	37
109 Hanson St	0.65mi	3/2.0	1,413 (+15%)	15mo	$390,000	$276	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.47×
• Total profit: $-41,254
• Equity at exit: $41,749

10-year hold

• IRR: -6.1%
• Equity multiple: 0.61×
• Total profit: $-30,931
• Equity at exit: $24,209

Cash invested: $78,400 (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 21601

• Home prices YoY: -31.0%
• Active inventory: 207
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,233 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$113 /mo · $1,353/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $66

Break-even live

Break-even rent $2,149

Max offer price $280,000

Occupancy floor 92%

Sensitivity live

Price	-10% $225	-5% $146	+0% $66	+5% $-13	+10% $-92
Rent	-10% $-110	-5% $-22	+0% $66	+5% $155	+10% $243
Rate	-1.0pp $207	-0.5pp $138	base $66	+0.5pp $-6	+1.0pp $-80

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
303 W Oak Ave Easton, MD	2.0	1.0	928	$1,950	$2.10	44d	1	0.68mi
201 Brookwood Ave Unit 2290 Easton, MD	2.0	1.0	900	$1,550	$1.72	44d	1	0.90mi
8337 Elliott Rd Easton, MD	2.0–3.0	2.0	1084	$2,445	$2.26	5d	6	0.94mi
15 Sycamore Ave Easton, MD	2.0	1.0	800	$1,800	$2.25	44d	1	1.46mi
7424 Tour Dr Easton, MD	3.0	2.5	1360	$2,300	$1.69	44d	1	1.47mi

Listing history 5 events

1. 2026-06-18
   status $280,000 Pending 4 DOM
2. 2026-06-07
   remarks 502-char remark
3. 2026-06-07
   statusdays on market $280,000 Active Under Contract 4 DOM
4. 2026-06-02
   remarks 254-char remark
5. 2026-06-02
   listed $280,000 Active 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: $1,353 · $113/mo
• Projected year-2 tax: $2,202 · $184/mo
• Expected delta: +$850/yr (+$71/mo · 62.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,798
• − Mortgage interest: −$15,684
• − Property taxes: −$1,353
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,144
• − Management: −$2,144
• − Depreciation: −$8,145
• Taxable loss: −$4,073
• Est. tax savings @ 24.0%: +$977
• After-tax cash flow: $1,774/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: Talbot County Public Schools
• NCES district ID: 2400630
• Math proficiency: 15% ▼ -19.00%
• Reading proficiency: 35% ▼ -10.00%
• Median HH income: $61,786
• Composite: 23.11/100
• National rank: #7961
• State rank: #12 of 24 in MD

Livability — Easton

• Score: 71/100
• State rank: #154
• US rank: #6882

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Easton, MD
• County: Talbot County · 24,671 people
• City population: 24,671
• Metro: Easton, MD
• Population (ZIP): 24,671
• Household income: $83,680
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 771.0

Population outlook (Talbot County) Hauer SSP2

• Today (2025): 36,811 people
• By 2030: 36,305 · -1.4%
• By 2040: 34,818 · -5.4%
• By 2050: 32,982 · -10.4%
• By 2075: 29,631 · -19.5%
• By 2100: 25,767 · -30.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 14% Hispanic / Latino 10% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 9% · Canada, Guatemala
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 2%

Political lean MEDSL · Talbot

• 2024 margin: Toss-up / Even · D 49.0% · R 49.1% · Other 1.9%
• 2008→2024 swing: +9.6pp toward D · 2008: -9.6pp · 2024: -0.0pp
• All cycles: 2024: R+0.0 2020: D+0.5 2016: R+11.9 2012: R+13.2 2008: R+9.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.01%
• Current HPI: 229.2902
• Rent YoY: —
• Metro: Easton, 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

+1547.1% since first listed

3 events — show timeline

• 2026-06-02 Listed $280,000 BRIGHT MLS
• 2020-06-30 Sold (Public Records) $195,000 Public Records
• 1985-07-05 Sold (Public Records) $17,000 Public Records

Property tax history

-1.3%/yr

Latest (2025): $1,353 · +3.2% YoY. Source: county tax records.