21724 Suwanne Pl · Lexington Park, MD 20653

$269,000

3 bd · 1.0 ba · 1,100 sqft · SingleFamily public records · 30 Days on market

Built 1947 8,210 sqft lot Est $235k · 14% over

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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 +13.4/30.0
• DSCR +4.0/10.0
• Appreciation +3.2/10.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• 1% rule +2.9/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• ARV discount +1.1/15.0

Listing remarks MLS

GREAT HOME WITH MANY RECENT UPDATES INCLUDING NEWER APPLIANCES/NEW STOVE, FRESH PAINT AND FLOORING. 1 CAR GARAGE, PORCH, FULL BASEMENT ON A NICE LOT.

Key facts

• Covered front porch
• Quartz countertops
• Brand new appliances

Tags

• FENCED IN BACKYARD
• OVERSIZED SINGLE CAR GARAGE
• QUARTZ COUNTERTOPS
• BRAND NEW APPLIANCES
• UPDATED BATHROOM
• COVERED FRONT PORCH

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Attached front-entry garage (1 space); Driveway parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Detached home; Wood siding exterior
• Construction: Wood foundation
• Exterior features: No tidal water nearby; Above-grade and below-grade structures

Interior

• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet; Wood; Laminate; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: 90% efficiency forced air heating; Other cooling
• Interior features: Full basement; Assessor-provided living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $6 ($69/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 $213k (20.9% below list).
• Recommended offer: $213k (20.9% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.0% in Lexington Park — 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 61/100 on livability (#331 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A; Watch: crime F, amenities F, commute F.
• St. Mary'S County Public Schools (rural): math 23% / reading 38% proficiency, ranked #8 of 24 in MD (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lexington Park Elementary (math 30% / reading 29%, grade F, #201 of 860 statewide, top 25%, 398 students, 83% FRL); Spring Ridge Middle (math 15% / reading 39%, grade F, #81 of 225 statewide, top 38%, 987 students, 60% FRL); Great Mills High (math 42% / reading 55%, grade D, #111 of 222 statewide, top 50%, 1,779 students, 55% FRL) — zoned schools average 66% FRL vs 28% district-wide (38 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 94 active listings in the ZIP; solid renter incomes; 265 units permitted in St. Mary's 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 $8k of value loss. Plan a longer hold.
• St. Mary's County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($265k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $100k; list at $269k implies a 169% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 67% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $212,861 (20.9% below list)

Questions for the listing agent

1. Built in 1947 — 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. 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?
4. 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?
5. 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?
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: 0.79% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.09%
• DSCR: 1.00
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $235,400
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21684 Saratoga Dr	0.17mi	3/1.0	1,100 (0%)	12mo	$190,000	$173	82
21676 N Essex Dr	0.11mi	3/1.0	1,100 (0%)	17mo	$190,000	$173	81
21722 Cabot Pl	0.07mi	3/2.0	1,100 (0%)	14mo	$275,000	$250	81
46446 Midway Dr	0.38mi	3/2.0	1,100 (0%)	10mo	$235,500	$214	70
46468 Midway Dr	0.34mi	3/1.0	1,100 (0%)	24mo	$182,000	$165	64
46436 Franklin Rd	0.40mi	3/2.0	1,080 (-2%)	23mo	$235,000	$218	55
22024 Fox Ridge Rd	0.60mi	3/2.0	1,176 (+7%)	8mo	$340,000	$289	50
46460 Franklin Rd	0.35mi	3/2.0	1,170 (+6%)	23mo	$215,000	$184	50

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 · 0.49% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.36×
• Total profit: $-48,551
• Equity at exit: $40,109

10-year hold

• IRR: -16.7%
• Equity multiple: 0.17×
• Total profit: $-62,600
• Equity at exit: $23,258

Cash invested: $75,320 (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 20653

• Home prices YoY: -1.4%
• Rents YoY: 0.5%
• Active inventory: 94
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,129 medium
• Mortgage (P&I): −$1,411
• Tax from tax record: −$153 /mo · $1,838/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $6

Break-even live

Break-even rent $2,121

Max offer price $269,000

Occupancy floor 95%

Sensitivity live

Price	-10% $158	-5% $82	+0% $6	+5% $-70	+10% $-147
Rent	-10% $-162	-5% $-78	+0% $6	+5% $90	+10% $174
Rate	-1.0pp $141	-0.5pp $74	base $6	+0.5pp $-64	+1.0pp $-135

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-21
   days on market $269,000 Active 30 DOM
2. 2026-06-19
   days on market $269,000 Active 28 DOM
3. 2026-06-18
   days on market $269,000 Active 27 DOM
4. 2026-06-17
   days on market $269,000 Active 26 DOM
5. 2026-06-16
   days on market $269,000 Active 25 DOM
6. 2026-06-15
   days on market $269,000 Active 24 DOM
7. 2026-06-14
   days on market $269,000 Active 22 DOM
8. 2026-06-12
   days on market $269,000 Active 21 DOM
9. 2026-06-09
   days on market $269,000 Active 18 DOM
10. 2026-06-08
    days on market $269,000 Active 17 DOM
11. 2026-06-07
    days on market $269,000 Active 16 DOM
12. 2026-06-05
    days on market $269,000 Active 13 DOM
13. 2026-06-02
    days on market $269,000 Active 11 DOM
14. 2026-06-01
    days on market $269,000 Active 10 DOM
15. 2026-05-31
    days on market $269,000 Active 9 DOM
16. 2026-05-30
    days on market $269,000 Active 8 DOM
17. 2026-05-22
    listed $269,000 Active
18. 2020-01-06
    soldstatus $100,000
19. 2019-12-30
    soldstatus $100,000 Closed 149-char remark

    Show marketing remark (149 chars)

    GREAT HOME WITH MANY RECENT UPDATES INCLUDING NEWER APPLIANCES/NEW STOVE, FRESH PAINT AND FLOORING. 1 CAR GARAGE, PORCH, FULL BASEMENT ON A NICE LOT.

20. 2019-12-13
    historical Active Under Contract 149-char remark

    Show marketing remark (149 chars)

    GREAT HOME WITH MANY RECENT UPDATES INCLUDING NEWER APPLIANCES/NEW STOVE, FRESH PAINT AND FLOORING. 1 CAR GARAGE, PORCH, FULL BASEMENT ON A NICE LOT.

21. 2019-09-30
    status Active 149-char remark

    Show marketing remark (149 chars)

    GREAT HOME WITH MANY RECENT UPDATES INCLUDING NEWER APPLIANCES/NEW STOVE, FRESH PAINT AND FLOORING. 1 CAR GARAGE, PORCH, FULL BASEMENT ON A NICE LOT.

22. 2019-09-13
    historical Active Under Contract 149-char remark

    Show marketing remark (149 chars)

    GREAT HOME WITH MANY RECENT UPDATES INCLUDING NEWER APPLIANCES/NEW STOVE, FRESH PAINT AND FLOORING. 1 CAR GARAGE, PORCH, FULL BASEMENT ON A NICE LOT.

23. 2019-09-04
    listed $111,750 Active 149-char remark

    Show marketing remark (149 chars)

    GREAT HOME WITH MANY RECENT UPDATES INCLUDING NEWER APPLIANCES/NEW STOVE, FRESH PAINT AND FLOORING. 1 CAR GARAGE, PORCH, FULL BASEMENT ON A NICE LOT.

24. 2019-08-25
    historical
25. 2019-07-31
    price $112,000
26. 2019-07-10
    price $120,000
27. 2019-07-10
    status Active
28. 2019-05-23
    historical Active Under Contract
29. 2019-05-14
    listed $112,000 Active
30. 2002-12-16
    soldstatus $93,900
31. 2002-11-13
    soldstatus $93,900
32. 2002-09-02
    historical
33. 2002-08-20
    listed $99,900
34. 1989-12-04
    soldstatus $75,000

ⓘ 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: $1,838 · $153/mo
• Projected year-2 tax: $2,385 · $199/mo
• Expected delta: +$547/yr (+$46/mo · 29.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,543
• − Mortgage interest: −$15,068
• − Property taxes: −$1,838
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,043
• − Management: −$2,043
• − Depreciation: −$7,825
• Taxable loss: −$4,620
• Est. tax savings @ 24.0%: +$1,109
• After-tax cash flow: $1,177/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: St. Mary'S County Public Schools
• NCES district ID: 2400600
• Math proficiency: 23% ▼ -23.00%
• Reading proficiency: 38% ▼ -12.00%
• Median HH income: $83,240
• Composite: 29.74/100
• National rank: #6444
• State rank: #8 of 24 in MD

Livability — Lexington Park

• Score: 61/100
• State rank: #331
• US rank: #17418

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lexington Park, MD
• County: Saint Marys County · 48,152 people
• City population: 26,852
• Metro: California-Lexington Park, MD
• Population (ZIP): 26,852
• Household income: $103,048
• Rent vs Own: 42.6% rent · 57.4% own
• Severe rent burden: 1571.0

Population outlook (St. Mary's County) Hauer SSP2

• Today (2025): 123,125 people
• By 2030: 128,374 · +4.3%
• By 2040: 137,305 · +11.5%
• By 2050: 143,065 · +16.2%
• By 2075: 153,408 · +24.6%
• By 2100: 151,790 · +23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 54% Black 28% Two or more races 11% Hispanic / Latino 6% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 2% Slovak 2% Italian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 92% English-only · Spanish 3% Tagalog/Filipino 3% Other Asian/Pacific 1%

Political lean MEDSL · St. Mary's

• 2024 margin: R (+17.2) · D 40.2% · R 57.4% · Other 2.4%
• 2008→2024 swing: -4.4pp toward R · 2008: -12.8pp · 2024: -17.2pp
• All cycles: 2024: R+17.2 2020: R+13.8 2016: R+24.6 2012: R+16.1 2008: R+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.67%
• Current HPI: 256.5435
• Rent YoY: ▲ 0.49%
• Metro: California-Lexington Park, 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

+258.7% since first listed

18 events — show timeline

• 2026-05-22 Listed $269,000 BRIGHT MLS
• 2020-01-06 Sold (Public Records) $100,000 Public Records
• 2019-12-30 Sold (MLS) $100,000 BRIGHT MLS
• 2019-12-13 Contingent — BRIGHT MLS
• 2019-09-30 Relisted — BRIGHT MLS
• 2019-09-13 Contingent — BRIGHT MLS
• 2019-09-04 Listed $111,750 BRIGHT MLS
• 2019-08-25 Listing Removed — BRIGHT MLS
• 2019-07-31 Price Changed $112,000 BRIGHT MLS
• 2019-07-10 Price Changed $120,000 BRIGHT MLS
• 2019-07-10 Relisted — BRIGHT MLS
• 2019-05-23 Contingent — BRIGHT MLS
• 2019-05-14 Listed $112,000 BRIGHT MLS
• 2002-12-16 Sold (Public Records) $93,900 Public Records
• 2002-11-13 Sold (MLS) $93,900 MRIS
• 2002-09-02 Delisted — MRIS
• 2002-08-20 Listed $99,900 MRIS
• 1989-12-04 Sold (Public Records) $75,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $1,838 · +15.2% YoY. Source: county tax records.