1210 Stone Boundary Rd · Cambridge, MD 21613

$200,000

3 bd · 2.0 ba · 2,204 sqft · SingleFamily public records · 91 Days on market

Built 1961 0.25 ac lot $91/sqft · 39% below area Est $327k · 39% 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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.3/10.0
• 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

NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

Key facts

• 0.25 acre lot
• 6 parking spots
• Built 1961

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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, schools F, crime 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.
• Market conditions: 292 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d 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 $1k of loan paydown is wiped out by about $6k 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 91 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; list at $200k implies a 54% gain — meaningful room to come down on a strong offer.

Recommended offer $182,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 1.13% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.48%
• DSCR: 1.33
• GRM: 7.4

CMA / ARV

• ARV (median comp): $326,588
• List price: $200,000
• Delta: -38.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1639 Terrapin Cir	0.52mi	4/2.5 (+1)	2,010 (-9%)	3mo	$340,000	$169	52
1638 Terrapin Cir	0.50mi	4/2.5 (+1)	2,040 (-7%)	11mo	$325,000	$159	48
1668 Terrapin Cir	0.41mi	3/2.5	1,992 (-10%)	18mo	$325,000	$163	48
634 Douglas St	0.70mi	4/3.5 (+1)	2,075 (-6%)	2mo	$235,000	$113	45
305 Terrapin Cir	0.37mi	4/2.5 (+1)	1,993 (-10%)	19mo	$347,500	$174	44
501 Boundary Ave	0.49mi	2/1.0 (-1)	1,933 (-12%)	8mo	$177,000	$92	41
406 Osprey Cir	0.46mi	3/2.5	1,978 (-10%)	23mo	$350,000	$177	40
911 Race St	0.46mi	4/2.0 (+1)	2,398 (+9%)	23mo	$249,900	$104	40
1661 Terrapin Cir	0.41mi	4/2.5 (+1)	1,906 (-14%)	22mo	$340,000	$178	33
390 Robbins Farm Rd	0.47mi	4/2.5 (+1)	1,906 (-14%)	23mo	$309,580	$162	29
384 Robbins Farm Rd	0.47mi	4/2.5 (+1)	1,906 (-14%)	24mo	$316,890	$166	29

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: -4.8%
• Equity multiple: 0.82×
• Total profit: $-10,119
• Equity at exit: $29,821

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $20,070
• Equity at exit: $17,292

Cash invested: $56,000 (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 21613

• Home prices YoY: -25.1%
• Active inventory: 292
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,254 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$300 /mo · $3,598/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $349

Break-even live

Break-even rent $1,813

Max offer price $200,000

Occupancy floor 80%

Sensitivity live

Price	-10% $462	-5% $406	+0% $349	+5% $292	+10% $236
Rent	-10% $171	-5% $260	+0% $349	+5% $438	+10% $527
Rate	-1.0pp $450	-0.5pp $400	base $349	+0.5pp $297	+1.0pp $244

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 11 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	44d	1	0.11mi
401 N Seaway Ct Cambridge, MD	3.0	2.5	1867	$2,600	$1.39	44d	1	0.76mi
414 Waterfield Ct Cambridge, MD	3.0	2.5	2000	$2,395	$1.20	44d	1	0.88mi
2509 Boeing Way Cambridge, MD	3.0	2.5	1780	$1,965	$1.10	44d	1	0.96mi
2505 Boeing Way Cambridge, MD	3.0	2.5	1557	$2,199	$1.41	44d	1	0.97mi
2504 Boeing Way Cambridge, MD	3.0	2.5	1922	$2,199	$1.14	44d	1	0.98mi
2484 Westwind Blvd Unit TH Cambridge, MD	3.0	2.5	1826	$2,100	$1.15	44d	1	0.99mi
2102 Winterberry Ln Cambridge, MD	3.0	2.5	1909	$2,800	$1.47	44d	1	1.35mi
2104 Winterberry Ln Cambridge, MD	3.0	2.5	1909	$2,500	$1.31	44d	1	1.36mi
2108 Winterberry Ln Cambridge, MD	3.0	2.5	1909	$2,500	$1.31	44d	1	1.36mi
2914 Winterberry Ln Cambridge, MD	4.0	3.5	2148	$2,600	$1.21	44d	1	1.49mi

Listing history 14 events

1. 2026-06-18
   days on market $200,000 Active 91 DOM
2. 2026-06-17
   days on market $200,000 Active 90 DOM
3. 2026-06-16
   days on market $200,000 Active 89 DOM
4. 2026-06-15
   days on market $200,000 Active 88 DOM
5. 2026-06-13
   days on market $200,000 Active 86 DOM
6. 2026-06-12
   statusdays on market $200,000 Active 85 DOM
7. 2026-05-04
   price $200,000 1410-char remark

   Show marketing remark (1410 chars)

   NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

8. 2026-04-02
   price $235,000 1410-char remark

   Show marketing remark (1410 chars)

   NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

9. 2026-03-11
   status Active 1410-char remark

   Show marketing remark (1410 chars)

   NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

10. 2026-03-04
    historical Active Under Contract 1410-char remark

    Show marketing remark (1410 chars)

    NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

11. 2026-02-22
    listed $250,000 Active 1410-char remark

    Show marketing remark (1410 chars)

    NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

12. 2026-02-20
    historical $250,000 1410-char remark

    Show marketing remark (1410 chars)

    NOW ACCEPTING FHA FINANCING!! Discover space, flexibility, and opportunity at 1210 Stone Boundary Rd in Cambridge! This spacious 3-bedroom, 2-bath rancher with a versatile upstairs addition offers room to grow and endless potential — all priced under $300,000. The main level features a welcoming open-concept kitchen, living, and dining area ideal for everyday living and entertaining. Enjoy cozy evenings around the wood-burning fireplace or spread out with a second family room offering additional space for relaxing, hobbies, or gatherings. Upstairs, a fully equipped in-law suite includes its own kitchen, bedroom, and full bath — perfect for multi-generational living, extended guests, or flexible living arrangements. While the home is ready for updates and personal touches, the layout, square footage, and functional design create an incredible opportunity to build equity. Outside, the quiet fenced backyard provides a private setting ideal for families, pets, gardening, or entertaining. Sellers are very motivated and offering a $5,000 credit toward flooring — a fantastic opportunity to customize the home to your style while adding immediate value. Conveniently located near local shopping, dining, waterfront attractions, and commuter routes, this property combines space, versatility, and affordability rarely found at this price point. Bring your vision and make it your own!

13. 2026-02-19
    soldstatus $130,000
14. 2003-01-16
    soldstatus $78,500

ⓘ 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: $3,598 · $300/mo
• Projected year-2 tax: $3,598 · $300/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $27,052
• − Mortgage interest: −$11,203
• − Property taxes: −$3,598
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,164
• − Management: −$2,164
• − Depreciation: −$5,818
• Taxable income: $1,105
• Est. tax owed @ 24.0%: −$265
• After-tax cash flow: $3,922/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

+154.8% since first listed

8 events — show timeline

• 2026-05-04 Price Changed $200,000 BRIGHT MLS
• 2026-04-02 Price Changed $235,000 BRIGHT MLS
• 2026-03-11 Relisted — BRIGHT MLS
• 2026-03-04 Contingent — BRIGHT MLS
• 2026-02-22 Listed $250,000 BRIGHT MLS
• 2026-02-20 Coming Soon $250,000 BRIGHT MLS
• 2026-02-19 Sold (Public Records) $130,000 Public Records
• 2003-01-16 Sold (Public Records) $78,500 Public Records

Property tax history

+7.6%/yr

Latest (2025): $3,598 · +12.7% YoY. Source: county tax records.