1944 Chipper Dr · Edgewood, MD 21040

$34,900

2 bd · 1.0 ba · 980 sqft · Manufactured · 24 Days on market

Built 1983 Est $70k · 50% under ↓ 17% since listing

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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
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Mobile Home for Sale in Edgewood, MD Discover affordable living in the heart of Edgewood with this charming mobile home. Located in a well-maintained community, this home offers comfort and convenience at an unbeatable price. Key Features: -Location: Conveniently situated in a peaceful community in Edgewood, MD. -Living Space: Spacious interior with 2 bedrooms and 1 bathroom. -Kitchen: Fully equipped eat-in kitchen with modern updated appliances and ample storage space. -Community Amenities: Access to community pool, visitor parking. etc -Outdoor Space: Private yard space perfect for relaxation or entertaining guests. -Parking: Dedicated parking and driveway space included. -Upgrades and Improvements: New flooring, freshly painted, new architectural roof, new HVAC system Why Choose This Home: -Affordable homeownership opportunity in a desirable location. -Close proximity to shopping, dining, and major highways, commuter rails to Baltimore and DC. -Low-maintenance lifestyle in a well-established community. -Perfect for first-time homebuyers or those looking to downsize without compromising on quality. Don't Miss Out! Schedule your private viewing today and take the first step towards owning this delightful mobile home in Edgewood, MD.

Key facts

• 2 parking spots
• Community pool
• Built 1983

Property features AI

Finance

• HOA & community: Monthly ground rent of $650

Exterior

• Parking: Driveway parking (2 spaces); Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer
• Home design: Manufactured single-wide home; Estimated year built
• Construction: 40 ft length (mobile home)
• Exterior features: Community pool; Other above-grade structures; Pets allowed on a case-by-case basis

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Heat pump heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Estimated living area; No basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $35k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.
• Cap rate 42.8% vs local median 5.5% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D, amenities D, crime F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.9%/yr); 94 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $15k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $34,376 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 4.73% ✓
• Cap rate: 42.81%
• Cash-on-cash: 130.41%
• DSCR: 6.80
• GRM: 1.8

CMA / ARV

• ARV (on-the-fly): $69,580
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1921 Steven Dr	0.09mi	2/2.0	850 (-13%)	9mo	$60,000	$71	62

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.68×
• Total profit: $65,253
• Equity at exit: $5,204

10-year hold

• IRR: —
• Equity multiple: 17.16×
• Total profit: $157,875
• Equity at exit: $3,018

Cash invested: $9,772 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 94
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $1,650 high
• Mortgage (P&I): −$183
• Tax est. 1.5%: −$44 /mo · $524/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $1,062

Break-even live

Break-even rent $305

Max offer price $34,900

Occupancy floor 31%

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1772 Judy Way Edgewood, MD	3.0	1.5	1040	$2,195	$2.11	44d	1	0.47mi
905 Swallow Crest Ct Unit E Edgewood, MD	2.0	1.0	990	$1,495	$1.51	44d	1	0.63mi
1703 Fountain Rock Way Unit 1703-B Edgewood, MD	2.0	1.0	882	$1,250	$1.42	24d	1	0.70mi
814 Windstream Way Unit 814-A Edgewood, MD	1.0	1.0	882	$1,200	$1.36	44d	1	0.92mi
802 Kingston Ct Edgewood, MD	1.0–3.0	1.0–1.5	1007	$1,660	$1.65	2d	15	1.06mi

Listing history 25 events

1. 2026-06-18
   days on market $34,900 Active 24 DOM
2. 2026-06-17
   pricedays on market $34,900 Active 23 DOM
3. 2026-06-16
   days on market $39,900 Active 22 DOM
4. 2026-06-15
   days on market $39,900 Active 21 DOM
5. 2026-06-13
   days on market $39,900 Active 19 DOM
6. 2026-06-10
   price $39,900 Active 15 DOM
7. 2026-06-09
   days on market $44,900 Active 15 DOM
8. 2026-06-08
   days on market $44,900 Active 14 DOM
9. 2026-06-07
   days on market $44,900 Active 13 DOM
10. 2026-06-04
    days on market $44,900 Active 10 DOM
11. 2026-06-03
    days on market $44,900 Active 9 DOM
12. 2026-06-02
    pricedays on market $44,900 Active 8 DOM
13. 2026-06-01
    days on market $49,500 Active 7 DOM
14. 2026-05-31
    days on market $49,500 Active 6 DOM
15. 2026-05-25
    listed $49,500 Active
16. 2026-04-03
    historical
17. 2026-03-11
    price $49,000
18. 2026-02-11
    price $54,900
19. 2026-01-03
    price $59,000
20. 2025-12-07
    listed $62,500 Active
21. 2024-09-05
    soldstatus $59,000 Closed 1262-char remark

    Show marketing remark (1262 chars)

    Charming Mobile Home for Sale in Edgewood, MD Discover affordable living in the heart of Edgewood with this charming mobile home. Located in a well-maintained community, this home offers comfort and convenience at an unbeatable price. Key Features: -Location: Conveniently situated in a peaceful community in Edgewood, MD. -Living Space: Spacious interior with 2 bedrooms and 1 bathroom. -Kitchen: Fully equipped eat-in kitchen with modern updated appliances and ample storage space. -Community Amenities: Access to community pool, visitor parking. etc -Outdoor Space: Private yard space perfect for relaxation or entertaining guests. -Parking: Dedicated parking and driveway space included. -Upgrades and Improvements: New flooring, freshly painted, new architectural roof, new HVAC system Why Choose This Home: -Affordable homeownership opportunity in a desirable location. -Close proximity to shopping, dining, and major highways, commuter rails to Baltimore and DC. -Low-maintenance lifestyle in a well-established community. -Perfect for first-time homebuyers or those looking to downsize without compromising on quality. Don't Miss Out! Schedule your private viewing today and take the first step towards owning this delightful mobile home in Edgewood, MD.

22. 2024-08-18
    status Pending 1262-char remark

    Show marketing remark (1262 chars)

    Charming Mobile Home for Sale in Edgewood, MD Discover affordable living in the heart of Edgewood with this charming mobile home. Located in a well-maintained community, this home offers comfort and convenience at an unbeatable price. Key Features: -Location: Conveniently situated in a peaceful community in Edgewood, MD. -Living Space: Spacious interior with 2 bedrooms and 1 bathroom. -Kitchen: Fully equipped eat-in kitchen with modern updated appliances and ample storage space. -Community Amenities: Access to community pool, visitor parking. etc -Outdoor Space: Private yard space perfect for relaxation or entertaining guests. -Parking: Dedicated parking and driveway space included. -Upgrades and Improvements: New flooring, freshly painted, new architectural roof, new HVAC system Why Choose This Home: -Affordable homeownership opportunity in a desirable location. -Close proximity to shopping, dining, and major highways, commuter rails to Baltimore and DC. -Low-maintenance lifestyle in a well-established community. -Perfect for first-time homebuyers or those looking to downsize without compromising on quality. Don't Miss Out! Schedule your private viewing today and take the first step towards owning this delightful mobile home in Edgewood, MD.

23. 2024-07-12
    listed $59,900 Active 1262-char remark

    Show marketing remark (1262 chars)

    Charming Mobile Home for Sale in Edgewood, MD Discover affordable living in the heart of Edgewood with this charming mobile home. Located in a well-maintained community, this home offers comfort and convenience at an unbeatable price. Key Features: -Location: Conveniently situated in a peaceful community in Edgewood, MD. -Living Space: Spacious interior with 2 bedrooms and 1 bathroom. -Kitchen: Fully equipped eat-in kitchen with modern updated appliances and ample storage space. -Community Amenities: Access to community pool, visitor parking. etc -Outdoor Space: Private yard space perfect for relaxation or entertaining guests. -Parking: Dedicated parking and driveway space included. -Upgrades and Improvements: New flooring, freshly painted, new architectural roof, new HVAC system Why Choose This Home: -Affordable homeownership opportunity in a desirable location. -Close proximity to shopping, dining, and major highways, commuter rails to Baltimore and DC. -Low-maintenance lifestyle in a well-established community. -Perfect for first-time homebuyers or those looking to downsize without compromising on quality. Don't Miss Out! Schedule your private viewing today and take the first step towards owning this delightful mobile home in Edgewood, MD.

24. 2010-07-17
    historical Withdrawn
25. 2010-07-08
    listed Active

ⓘ 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: $19,794
• − Mortgage interest: −$1,955
• − Property taxes: −$524
• − Insurance: −$174
• − Repairs & maintenance: −$1,584
• − Management: −$1,584
• − Depreciation: −$1,015
• Taxable income: $12,959
• Est. tax owed @ 24.0%: −$3,110
• After-tax cash flow: $9,633/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: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

Livability — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 198,512 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 859.0

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• Metro: Baltimore-Columbia-Towson, 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

-17.4% since first listed

11 events — show timeline

• 2026-05-25 Listed $49,500 BRIGHT MLS
• 2026-04-03 Listing Removed — BRIGHT MLS
• 2026-03-11 Price Changed $49,000 BRIGHT MLS
• 2026-02-11 Price Changed $54,900 BRIGHT MLS
• 2026-01-03 Price Changed $59,000 BRIGHT MLS
• 2025-12-07 Listed $62,500 BRIGHT MLS
• 2024-09-05 Sold (MLS) $59,000 BRIGHT MLS
• 2024-08-18 Pending — BRIGHT MLS
• 2024-07-12 Listed $59,900 BRIGHT MLS
• 2010-07-17 Delisted — MRIS
• 2010-07-08 Listed — MRIS