1505 Flanders Ln Trlr A · Marlboro Meadows, MD 20776

$79,900

3 bd · 1.5 ba · 1,600 sqft · SingleFamily · 25 Days on market

Built 1980 Fair condition Est $128k · 38% under

---

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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.1/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Nicely Kept Double Wide on Big Corner Lot in Sought After Maryland Manor! Over 1600 square feet of Living Space with 3 Bedrooms, 1 Full and a Half Bath. Open Floor Plan with a Large Living Room, Kitchen with a Breakfast Bar and Formal Dining Room. Outside you have a huge yard with a Big Patio and Secure Storage Shed. The Community features a Large Playground for your children to enjoy. Close to Schools, Parks and the Patuxent River. 20 Minutes to Andrews AFB and the Capital Beltway. 3o Minutes to Annapolis. Don't mis the Opportunity to own a 3-Bedroom Home at a Very Affordable Price!

Key facts

• Huge yard
• Secure storage shed
• Close to schools

Tags

• BIG CORNER LOT
• LARGE PLAYGROUND
• HUGE YARD
• BIG PATIO
• SECURE STORAGE SHED
• CLOSE TO SCHOOLS

Property features AI

Finance

• Other: Located in Maryland Manor park; Outside city limits
• HOA & community: Land lease community (monthly land lease $1,067; 100 years remaining)

Exterior

• Parking: Assigned spaces in a parking lot (2 total spaces)
• Utilities: Community water; Community septic tank; Electric-powered hot water; Oil heating; Electric cooling
• Home design: Manufactured home (double wide); Estimated year built; 28 ft wide by 60 ft long; Above-grade structure
• Construction: T-1-11 and vinyl siding; Asphalt shingle roof; Storm windows with screens; No basement
• Exterior features: Patio(s); Shed; Secure storage; Sidewalks

Interior

• Kitchen: Refrigerator; Electric oven/range; Microwave
• Bedrooms: Three main-level bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (oil); Central air conditioning; Ceiling fans; Electric hot water
• Interior features: Open floor plan; Formal separate dining room; Country-style kitchen; Built-ins; Tub with shower; Cathedral ceilings; Ceiling fans
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 38.0% vs local median 9.0% in Marlboro Meadows — 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 62/100 on livability (#327 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: amenities F, commute F, cost of living D-.
• Anne Arundel County Public Schools (suburban): math 20% / reading 37% proficiency, ranked #10 of 24 in MD (top 42%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Lothian Elementary (math 11% / reading 19%, grade F, #451 of 860 statewide, top 54%, 485 students, 58% FRL); Southern Middle (math 8% / reading 39%, grade F, #118 of 225 statewide, top 54%, 755 students, 45% FRL); Southern High (math 52% / reading 73%, grade B-, #62 of 222 statewide, top 29%, 1,066 students, 40% FRL) — zoned schools average 48% FRL vs 25% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 12 active listings in the ZIP; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $78,701 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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.
5. 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.
6. 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: 4.22% ✓
• Cap rate: 38.02%
• Cash-on-cash: 113.31%
• DSCR: 6.04
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $128,000
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4744 Flanders Ln Unit COURT 3, LOT D	0.25mi	3/2.0	1,500 (-6%)	8mo	$120,000	$80	69
1509 Flanders Ln Unit L	0.07mi	4/2.0 (+1)	1,366 (-15%)	2mo	$139,500	$102	64
4745 Unit L Flanders Ln	0.26mi	4/2.0 (+1)	1,750 (+9%)	8mo	$135,000	$77	59

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: —
• Equity multiple: 6.44×
• Total profit: $121,647
• Equity at exit: $11,913

10-year hold

• IRR: —
• Equity multiple: 13.49×
• Total profit: $279,381
• Equity at exit: $6,908

Cash invested: $22,372 (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 20776

• Home prices YoY: -32.9%
• Active inventory: 12
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $3,373 medium
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $2,112

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 32%

Sensitivity live

Price	-10% $2,168	-5% $2,140	+0% $2,112	+5% $2,085	+10% $2,057
Rent	-10% $1,846	-5% $1,979	+0% $2,112	+5% $2,246	+10% $2,379
Rate	-1.0pp $2,153	-0.5pp $2,133	base $2,112	+0.5pp $2,092	+1.0pp $2,071

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-22
   days on market $79,900 Active 25 DOM
2. 2026-06-21
   days on market $79,900 Active 24 DOM
3. 2026-06-18
   days on market $79,900 Active 21 DOM
4. 2026-06-17
   days on market $79,900 Active 20 DOM
5. 2026-06-16
   days on market $79,900 Active 19 DOM
6. 2026-06-15
   days on market $79,900 Active 18 DOM
7. 2026-06-13
   days on market $79,900 Active 16 DOM
8. 2026-06-09
   days on market $79,900 Active 12 DOM
9. 2026-06-08
   days on market $79,900 Active 11 DOM
10. 2026-06-07
    days on market $79,900 Active 10 DOM
11. 2026-06-04
    days on market $79,900 Active 7 DOM
12. 2026-06-03
    days on market $79,900 Active 6 DOM
13. 2026-06-02
    days on market $79,900 Active 5 DOM
14. 2026-06-01
    days on market $79,900 Active 4 DOM
15. 2026-05-31
    days on market $79,900 Active 3 DOM
16. 2026-05-28
    listed $79,900 Active

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,475
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$3,238
• − Management: −$3,238
• − Depreciation: −$2,324
• Taxable income: $25,601
• Est. tax owed @ 24.0%: −$6,144
• After-tax cash flow: $19,205/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 · 13 photos

Fair 45/100 Moderate rehab

This double-wide mobile home on a corner lot in a sought-after community requires moderate renovations to improve its condition and appeal. Key areas for improvement include the kitchen, bathrooms, exterior siding, and landscaping. Upgrading these elements will significantly increase its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — The cabinets are functional but dated and could be replaced for a fresh look.
• Minor Bathroom fixtures — The fixtures are functional but dated and could be replaced for a fresh look.
• Minor Exterior siding — The siding shows some discoloration and wear and could be repainted or replaced.
• Minor Landscaping — The landscaping is simple and could be improved with some additional plants and shrubs.

Value-add opportunities

• Resale Replace kitchen cabinets and fixtures — Updating the kitchen with new cabinets and fixtures will significantly improve the home's appeal and functionality, making it more attractive to potential buyers.
• Resale Repaint exterior siding — Repainting the exterior siding will improve the home's curb appeal and make it look more modern and well-maintained.
• Both Improve landscaping — Improving the landscaping will enhance the home's curb appeal and increase its overall value, both for resale and rental.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · The cabinets are functional but dated and could be replaced for a fresh look.	Minor	$500–3,000
Bathroom fixtures · The fixtures are functional but dated and could be replaced for a fresh look.	Minor	$500–3,000
Exterior siding · The siding shows some discoloration and wear and could be repainted or replaced.	Minor	$500–3,000
Landscaping · The landscaping is simple and could be improved with some additional plants and shrubs.	Minor	$500–3,000
Total estimated repair cost · 4 items		$2,000–12,000

Value-add ROI direction

• Resale Replace kitchen cabinets and fixtures — Updating the kitchen with new cabinets and fixtures will significantly improve the home's appeal and functionality, making it more attractive to potential buyers. ↑
• Resale Repaint exterior siding — Repainting the exterior siding will improve the home's curb appeal and make it look more modern and well-maintained. ↑
• Both Improve landscaping — Improving the landscaping will enhance the home's curb appeal and increase its overall value, both for resale and rental. ↑

ⓘ 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: Anne Arundel County Public Schools
• NCES district ID: 2400060
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $87,880
• Composite: 28.52/100
• National rank: #6733
• State rank: #10 of 24 in MD

Livability — Marlboro Meadows

• Score: 62/100
• State rank: #327
• US rank: #17129

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,354

Population outlook (Anne Arundel County) Hauer SSP2

• Today (2025): 617,384 people
• By 2030: 642,094 · +4.0%
• By 2040: 686,621 · +11.2%
• By 2050: 723,031 · +17.1%
• By 2075: 809,346 · +31.1%
• By 2100: 837,658 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 15% Hispanic / Latino 5% Two or more races 2% Pacific Islander 2%
• Common ancestry: Serbian 6% Romanian 3% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Anne Arundel

• 2024 margin: D (+13.9) · D 55.7% · R 41.7% · Other 2.6%
• 2008→2024 swing: +15.7pp toward D · 2008: -1.8pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+14.5 2016: D+0.7 2012: R+0.9 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.47%
• Current HPI: 253.8069
• 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

1 event — show timeline

• 2026-05-28 Listed $79,900 BRIGHT MLS