3642 Blue Bird Ln · Sharptown, MD 19940

$195,000

4 bd · 1.0 ba · 1,540 sqft · SingleFamily · 49 Days on market

Built 1920 1.11 ac lot $127/sqft · 34% below area Est $294k · 34% 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
• Appreciation +10.0/10.0
• Cash flow +5.7/30.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +1.2/10.0
• DSCR +0.1/10.0

Listing remarks

Tucked away on over an acre, this classic farmhouse is full of potential and ready for its next chapter. Featuring 4 bedrooms and 1 full bathroom, the home offers a spacious footprint with plenty of opportunity to reimagine and restore. The detached garage adds extra storage or workshop space, while the expansive lot provides room to grow, garden, or simply enjoy the privacy of country living. This property is in need of a full renovation and is being sold as-is, making it an ideal opportunity for investors, flippers, or buyers looking to create their dream home from the ground up. Bring your vision and unlock the possibilities this charming farmhouse has to offer. Seller has limited knowle

Key facts

• Expansive lot
• Full renovation
• Detached garage

Tags

• DETACHED GARAGE
• EXPANSIVE LOT
• FULL RENOVATION

Property features AI

Finance

• Other: Fee simple ownership; Above-grade finished area approximately 1,540 (estimated); Total below-grade area 0; Year built source: Assessor; Lot dimensions source: Assessor; Tidal water: No

Exterior

• Parking: Detached garage with 2 spaces; Driveway parking (total 2 garage/parking spaces); Covered parking
• Utilities: Well water; Septic system; Propane (owned) for heating; Oil hot water
• Home design: Detached structure; Mixed construction; Crawl space foundation; Building not winterized; Major rehab needed
• Construction: Mixed construction materials; Crawl space foundation
• Exterior features: Chain link fencing; Property located outside city limits; Not in a federal flood zone

Interior

• Kitchen: Combination kitchen and dining area
• Bedrooms: Three bedrooms on the upper level; One bedroom on the main level
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: 90% forced air heating; Propane (owned) heating fuel; Oil hot water
• Interior features: Combination kitchen/dining; No basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-397 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (29.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $120k (38.3% below list).
• Recommended offer: $120k (38.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#336 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Delmar School District (suburban): math 20% / reading 38% proficiency, ranked #17 of 26 in DE (top 65%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 4,354 units permitted in Sussex County in 2024 (344 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Sussex County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $195k implies a 474% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $120,327 (38.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. 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.
9. 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.
10. 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: 0.62% ✗
• Cap rate: 3.85%
• Cash-on-cash: -8.73%
• DSCR: 0.61
• GRM: 13.5

CMA / ARV

• ARV (median comp): $294,281
• List price: $195,000
• Delta: -33.74%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.1%
• Equity multiple: 2.48×
• Total profit: $80,934
• Equity at exit: $175,671

10-year hold

• IRR: 16.9%
• Equity multiple: 5.73×
• Total profit: $258,258
• Equity at exit: $378,842

Cash invested: $54,600 (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 19940

• Home prices YoY: 6.2%
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $1,203 medium
• Mortgage (P&I): −$1,023
• Tax est. 1.5%: −$244 /mo · $2,925/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $-397

Break-even live

Break-even rent $1,706

Max offer price $137,551

Occupancy floor —

Sensitivity live

Price	-10% $-262	-5% $-330	+0% $-397	+5% $-464	+10% $-532
Rent	-10% $-492	-5% $-445	+0% $-397	+5% $-349	+10% $-302
Rate	-1.0pp $-299	-0.5pp $-347	base $-397	+0.5pp $-448	+1.0pp $-499

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-16
   days on market $195,000 Active 49 DOM
2. 2026-06-15
   days on market $195,000 Active 48 DOM
3. 2026-06-14
   days on market $195,000 Active 46 DOM
4. 2026-06-13
   days on market $195,000 Active 45 DOM
5. 2026-06-10
   days on market $195,000 Active 43 DOM
6. 2026-06-09
   days on market $195,000 Active 42 DOM
7. 2026-06-08
   days on market $195,000 Active 41 DOM
8. 2026-06-07
   days on market $195,000 Active 40 DOM
9. 2026-06-02
   days on market $195,000 Active 35 DOM
10. 2026-06-01
    days on market $195,000 Active 34 DOM
11. 2026-05-31
    days on market $195,000 Active 33 DOM
12. 2026-05-30
    days on market $195,000 Active 32 DOM
13. 2026-04-28
    listed $215,000 Active 809-char remark
14. 1999-07-16
    soldstatus $34,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,439
• − Mortgage interest: −$10,923
• − Property taxes: −$2,925
• − Insurance: −$975
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$5,673
• Taxable loss: −$8,367
• Est. tax savings @ 24.0%: +$2,008
• After-tax cash flow: $-2,756/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: Delmar School District
• NCES district ID: 1000270
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 38% ▼ -13.00%
• Median HH income: $46,620
• Composite: 24.98/100
• National rank: #7561
• State rank: #17 of 26 in DE

Livability — Sharptown

• Score: 61/100
• State rank: #336
• US rank: #17897

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,108

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 248,853 people
• By 2030: 264,464 · +6.3%
• By 2040: 290,980 · +16.9%
• By 2050: 311,259 · +25.1%
• By 2075: 352,488 · +41.6%
• By 2100: 367,406 · +47.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 16% Two or more races 13% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 3% Cuban 2%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 8% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Sussex

• 2024 margin: R (+11.0) · D 43.9% · R 54.9% · Other 1.2%
• 2008→2024 swing: -2.4pp toward R · 2008: -8.6pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: R+11.2 2016: R+22.0 2012: R+13.0 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 16.92%
• Current HPI: 288.6213
• 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

+473.5% since first listed

4 events — show timeline

• 2026-06-16 Listing Removed — BRIGHT MLS
• 2026-05-27 Price Changed $195,000 BRIGHT MLS
• 2026-04-28 Listed $215,000 BRIGHT MLS
• 1999-07-16 Sold (Public Records) $34,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $351 · +54.8% YoY. Source: county tax records.