68 Park Ln · Easton, MD 21601

$150,000

2 bd · 2.0 ba · 1,352 sqft · SingleFamily · 60 Days on market

Built 1990 Good condition $111/sqft · at area comps Est $149k · at est.

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Why this score? — see what drove the B- 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 +29.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.1/15.0
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced below appraised value! Step into a new chapter of carefree living in the vibrant Hyde Park/ Sun Community located in Easton, MD. This home with 2 generously sized bedrooms and 2 full baths offers spacious, open living/dining /kitchen, separate laundry room and lots of closets. There is a bright three-seasons room—complete with separate side access. The open-concept living, dining, and kitchen areas are perfect for entertaining, while a roomy detached shed adds valuable storage. Hyde Park offers amenities all included in the monthly ground rent: outdoor pool, clubhouse, shuffleboard courts, trash service, water/sewer, property taxes, snow removal on paved streets, and maintenance of common areas—all managed by an on-site office team. Located just minutes from historic downtown Easton via Route 50, you’ll have easy access to medical facilities, the YMCA, restaurants, shopping, and more—blending tranquility with convenience. This is an estate sale and is being sold "as is". Don’t miss the opportunity to enjoy living in this active lifestyle community making new friends!

Key facts

• Outdoor pool
• Shuffleboard courts
• Clubhouse

Tags

• THREE-SEASONS ROOM
• DETACHED SHED
• OUTDOOR POOL
• CLUBHOUSE
• SHUFFLEBOARD COURTS
• ACTIVE LIFESTYLE COMMUNITY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $552 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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; solid renter incomes; 158 units permitted in Talbot 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 $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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 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?
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: 1.34% ✓
• Cap rate: 10.71%
• Cash-on-cash: 15.78%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

• ARV (median comp): $148,825
• List price: $150,000
• Delta: 0.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6 Downing St	0.09mi	2/2.0	1,400 (+4%)	10mo	$130,000	$93	82
20 Downing St	0.05mi	2/2.0	1,492 (+10%)	1mo	$149,000	$100	80
69 Park Ln	0.03mi	2/2.0	1,288 (-5%)	14mo	$146,000	$113	79
1 Downing St	0.10mi	2/2.0	1,248 (-8%)	18mo	$146,900	$118	68
9 Albion Ct	0.13mi	2/2.0	1,209 (-11%)	12mo	$187,000	$155	66
8 Park Ln	0.14mi	2/2.0	1,209 (-11%)	14mo	$189,500	$157	64
30 Kensington Dr	0.26mi	2/2.0	1,248 (-8%)	19mo	$200,000	$160	60
26 Kensington Dr	0.27mi	3/2.0 (+1)	1,456 (+8%)	13mo	$212,500	$146	59
29329 Clearview Rd	0.58mi	3/1.5 (+1)	1,296 (-4%)	20mo	$320,000	$247	43

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: 6.7%
• Equity multiple: 1.26×
• Total profit: $10,895
• Equity at exit: $22,365

10-year hold

• IRR: 16.0%
• Equity multiple: 2.31×
• Total profit: $54,899
• Equity at exit: $12,969

Cash invested: $42,000 (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 21601

• Home prices YoY: -31.0%
• Active inventory: 207
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,011 medium
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $552

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 68%

Sensitivity live

Price	-10% $656	-5% $604	+0% $552	+5% $500	+10% $449
Rent	-10% $393	-5% $473	+0% $552	+5% $632	+10% $711
Rate	-1.0pp $628	-0.5pp $590	base $552	+0.5pp $513	+1.0pp $474

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-19
   days on market $150,000 Active 60 DOM
2. 2026-06-18
   days on market $150,000 Active 59 DOM
3. 2026-06-17
   days on market $150,000 Active 58 DOM
4. 2026-06-16
   days on market $150,000 Active 57 DOM
5. 2026-06-15
   days on market $150,000 Active 56 DOM
6. 2026-06-14
   days on market $150,000 Active 54 DOM
7. 2026-06-12
   days on market $150,000 Active 53 DOM
8. 2026-06-09
   days on market $150,000 Active 50 DOM
9. 2026-06-08
   days on market $150,000 Active 49 DOM
10. 2026-06-07
    days on market $150,000 Active 48 DOM
11. 2026-06-03
    days on market $150,000 Active 44 DOM
12. 2026-06-02
    days on market $150,000 Active 43 DOM
13. 2026-06-01
    days on market $150,000 Active 42 DOM
14. 2026-05-31
    days on market $150,000 Active 41 DOM
15. 2026-05-30
    days on market $150,000 Active 40 DOM
16. 2026-04-20
    listed $150,000 Active 1130-char remark

    Show marketing remark (1130 chars)

    Priced below appraised value! Step into a new chapter of carefree living in the vibrant Hyde Park/ Sun Community located in Easton, MD. This home with 2 generously sized bedrooms and 2 full baths offers spacious, open living/dining /kitchen, separate laundry room and lots of closets. There is a bright three-seasons room—complete with separate side access. The open-concept living, dining, and kitchen areas are perfect for entertaining, while a roomy detached shed adds valuable storage. Hyde Park offers amenities all included in the monthly ground rent: outdoor pool, clubhouse, shuffleboard courts, trash service, water/sewer, property taxes, snow removal on paved streets, and maintenance of common areas—all managed by an on-site office team. Located just minutes from historic downtown Easton via Route 50, you’ll have easy access to medical facilities, the YMCA, restaurants, shopping, and more—blending tranquility with convenience. This is an estate sale and is being sold "as is". Don’t miss the opportunity to enjoy living in this active lifestyle community making new friends!

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

Taxation est. · year 1

• Rental income: $24,134
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$1,931
• − Management: −$1,931
• − Depreciation: −$4,364
• Taxable income: $4,507
• Est. tax owed @ 24.0%: −$1,082
• After-tax cash flow: $5,545/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This home is in good condition with a good condition score of 75. It has a cosmetic rehab level and requires some updates to the kitchen, such as new cabinets and flooring, to increase its value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Moderate kitchen flooring — outdated and in need of replacement

Value-add opportunities

• Both update kitchen cabinets and flooring — modernizing the kitchen will appeal to both buyers and renters
• Both paint interior walls — fresh paint can make a significant difference in the home's appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of updating	Moderate	$3,000–15,000
kitchen flooring · outdated and in need of replacement	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Both update kitchen cabinets and flooring — modernizing the kitchen will appeal to both buyers and renters ↑
• Both paint interior walls — fresh paint can make a significant difference in the home's appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

1 event — show timeline

• 2026-04-20 Listed $150,000 BRIGHT MLS