306 Hammond St · Westernport, MD 21562

$80,000

5 bd · 2.0 ba · 1,772 sqft · SingleFamily public records · 55 Days on market

Built 1900 6,500 sqft lot $45/sqft · 28% below area Est $111k · 28% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Appreciation +5.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0

Listing remarks

Build your dream home at a great price point with mountain views and major updates already underway. Opportunity, space, and upside come together in this 5-bedroom, 1.5-bath detached home. Delivered vacant and ready for your vision, this property has a flexible layout with significant progress already completed. It’s an ideal project for an investor or buyer looking to create something truly their own. Inside, the home has already seen key improvements, including a newly updated kitchen space that just needs appliances and a sink to be fully functional. The attic has been reimagined to add 3 extra bedrooms, expanding the footprint and opening up options for multi-room living, rental p

Key facts

• Mostly replaced roof
• Converted attic
• Wraparound porch

Tags

• MOUNTAIN VIEWS
• NEWLY INSTALLED ELECTRIC BOX
• ONGOING PLUMBING WORK
• MOSTLY REPLACED ROOF
• CONVERTED ATTIC
• WRAPAROUND PORCH

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Detached property
• Construction: Vinyl siding; Other type of foundation; Above-grade and below-grade structures
• Exterior features: Detached structure; No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level; Two bedrooms on the second upper level
• Bathrooms: One full bathroom total; One full bathroom on the first upper level; One half bathroom on the main level
• Heating & cooling: Radiator heating; Central air conditioning (electric)
• Interior features: Basement with outside entrance; Living area reported by assessor

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#188 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: amenities F, commute F, employment D-.
• Allegany County Public Schools (other): math 15% / reading 30% proficiency, ranked #18 of 24 in MD (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Westernport Elementary (math 12% / reading 22%, grade F, #408 of 860 statewide, top 50%, 261 students, 65% FRL); Mountain Ridge High School (math 32% / reading 72%, grade D+, #100 of 222 statewide, top 47%, 736 students, 48% FRL).
• Zoned-school proficiency averages 34% at this address vs 22% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Allegany County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 23 active listings in the ZIP; 24 units permitted in Allegany County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($553 loan paydown + $1k appreciation (1.3% local appreciation)).
• Allegany County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $35k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 8→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,600 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.45% ✓
• Cap rate: 11.72%
• Cash-on-cash: 19.38%
• DSCR: 1.86
• GRM: 5.7

CMA / ARV

• ARV (median comp): $111,164
• List price: $80,000
• Delta: -28.03%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Vine St	0.06mi	5/1.0	1,904 (+7%)	9mo	$25,000	$13	73
435 Vine St	0.21mi	4/2.0 (-1)	1,816 (+2%)	13mo	$125,000	$69	70
412 Walnut St	0.15mi	4/1.5 (-1)	1,680 (-5%)	23mo	$135,000	$80	58
64 West Hampshire St	0.43mi	4/1.5 (-1)	2,013 (+14%)	12mo	$45,000	$22	40
104 Howard St	0.27mi	4/1.0 (-1)	1,548 (-13%)	21mo	$134,000	$87	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 1.99×
• Total profit: $22,171
• Equity at exit: $28,503

10-year hold

• IRR: 22.0%
• Equity multiple: 3.73×
• Total profit: $61,055
• Equity at exit: $38,818

Cash invested: $22,400 (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 21562

• Home prices YoY: 0.6%
• Active inventory: 23
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,163 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$104 /mo · $1,248/yr
• Insurance: −$33
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $306

Break-even live

Break-even rent $775

Max offer price $80,000

Occupancy floor 69%

Sensitivity live

Price	-10% $351	-5% $329	+0% $306	+5% $284	+10% $261
Rent	-10% $214	-5% $260	+0% $306	+5% $352	+10% $398
Rate	-1.0pp $346	-0.5pp $327	base $306	+0.5pp $285	+1.0pp $264

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-19
   days on market $80,000 Active 55 DOM
2. 2026-06-18
   days on market $80,000 Active 54 DOM
3. 2026-06-17
   price $80,000 Active 53 DOM
4. 2026-06-17
   days on market $85,000 Active 53 DOM
5. 2026-06-16
   days on market $85,000 Active 52 DOM
6. 2026-06-15
   days on market $85,000 Active 51 DOM
7. 2026-06-14
   days on market $85,000 Active 49 DOM
8. 2026-06-12
   days on market $85,000 Active 48 DOM
9. 2026-06-09
   days on market $85,000 Active 45 DOM
10. 2026-06-08
    days on market $85,000 Active 44 DOM
11. 2026-06-07
    days on market $85,000 Active 43 DOM
12. 2026-06-03
    price $85,000 Active 38 DOM
13. 2026-06-02
    days on market $90,000 Active 38 DOM
14. 2026-06-01
    days on market $90,000 Active 37 DOM
15. 2026-05-31
    days on market $90,000 Active 36 DOM
16. 2026-05-30
    days on market $90,000 Active 35 DOM
17. 2026-05-08
    price $100,000 2015-char remark
18. 2026-04-25
    listed $115,000 Active 2015-char remark
19. 2015-03-06
    historical Withdrawn
20. 2015-03-06
    historical
21. 2015-01-27
    status Active
22. 2015-01-15
    status Contract
23. 2015-01-05
    listed Active
24. 2015-01-05
    listed $35,000
25. 2007-02-27
    soldstatus $62,000
26. 2007-02-09
    soldstatus $62,000
27. 2007-01-19
    historical
28. 2006-06-28
    listed $59,900
29. 2006-02-07
    soldstatus $23,000
30. 1990-05-21
    soldstatus $46,500

ⓘ 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: $1,248 · $104/mo
• Projected year-2 tax: $1,248 · $104/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 8 d/yr ≥94°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,953
• − Mortgage interest: −$4,481
• − Property taxes: −$1,248
• − Insurance: −$1,066
• − Repairs & maintenance: −$1,116
• − Management: −$1,116
• − Depreciation: −$2,327
• Taxable income: $2,597
• Est. tax owed @ 24.0%: −$623
• After-tax cash flow: $3,051/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: Allegany County Public Schools
• NCES district ID: 2400030
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 30% ▼ -20.00%
• Median HH income: $39,760
• Composite: 18.95/100
• National rank: #8854
• State rank: #18 of 24 in MD

Livability — Westernport

• Score: 69/100
• State rank: #188
• US rank: #8479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Westernport, MD
• Population (ZIP): 3,192

Population outlook (Allegany County) Hauer SSP2

• Today (2025): 68,778 people
• By 2030: 66,766 · -2.9%
• By 2040: 62,784 · -8.7%
• By 2050: 59,179 · -14.0%
• By 2075: 50,732 · -26.2%
• By 2100: 40,837 · -40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Iranian 2% Italian 1%
• Foreign-born: 0%

Political lean MEDSL · Allegany

• 2024 margin: Solid R (+40.3) · D 28.9% · R 69.2% · Other 2.0%
• 2008→2024 swing: -14.4pp toward R · 2008: -25.9pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+38.3 2016: R+48.0 2012: R+32.9 2008: R+25.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.28%
• Current HPI: 216.4044
• 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

+72.0% since first listed

17 events — show timeline

• 2026-06-17 Price Changed $80,000 BRIGHT MLS
• 2026-06-02 Price Changed $85,000 BRIGHT MLS
• 2026-05-19 Price Changed $90,000 BRIGHT MLS
• 2026-05-08 Price Changed $100,000 BRIGHT MLS
• 2026-04-25 Listed $115,000 BRIGHT MLS
• 2015-03-06 Listing Removed — BRIGHT MLS
• 2015-03-06 Delisted — MRIS
• 2015-01-27 Relisted — MRIS
• 2015-01-15 Pending — MRIS
• 2015-01-05 Listed — MRIS
• 2015-01-05 Listed $35,000 BRIGHT MLS
• 2007-02-27 Sold (Public Records) $62,000 Public Records
• 2007-02-09 Sold (MLS) $62,000 MRIS
• 2007-01-19 Delisted — MRIS
• 2006-06-28 Listed $59,900 MRIS
• 2006-02-07 Sold (Public Records) $23,000 Public Records
• 1990-05-21 Sold (Public Records) $46,500 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,248 · +9.6% YoY. Source: county tax records.