1824 Emily Dr · Edgewood, MD 21040

$95,000

3 bd · 2.0 ba · 1,700 sqft · SingleFamily · 14 Days on market

Built 2000 Est $99k · 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.1/15.0
• 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

Beautifully renovated 3-bedroom, 2 full bathroom manufactured home located in the Harford Village community. This move-in ready property features an open-concept layout, updated flooring, recessed lighting, spacious kitchen with stainless steel appliances, breakfast bar, and modern finishes throughout. Large primary suite with private bath, separate laundry area, private driveway, and low-maintenance exterior. Conveniently located near Route 40, I-95, shopping, and restaurants. Community approval required. Ground rent applies.

Key facts

• Spacious kitchen
• Updated flooring
• Recessed lighting

Tags

• OPEN-CONCEPT LAYOUT
• UPDATED FLOORING
• RECESSED LIGHTING
• SPACIOUS KITCHEN
• STAINLESS STEEL APPLIANCES
• BREAKFAST BAR

Property features AI

Finance

• Financial info: Ground rent $825 monthly
• HOA & community: Property manager present; Pets allowed (cats and dogs)

Exterior

• Parking: Driveway
• Security: Two or more access exits
• Utilities: Public sewer; Community water
• Home design: Manufactured home; Above-grade living space; Estimated effective renovation year 2026; Ownership via ground rent (monthly ground rent)
• Construction: Above grade structure
• Exterior features: Sidewalks; Community above-ground pool

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Central heating; Central air conditioning; Electric hot water
• Interior features: Not furnished; Estimated living area
• Laundry & utility: Dryer in unit

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $805 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Cap rate 16.5% 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; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $95k implies a 90% gain — meaningful room to come down on a strong offer.

Recommended offer $95,000

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: 1.95% ✓
• Cap rate: 16.46%
• Cash-on-cash: 36.30%
• DSCR: 2.62
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $98,600
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1826 Emily Dr	0.01mi	3/2.0	1,700 (0%)	1mo	$99,000	$58	99
1822 Emily Dr	0.01mi	4/2.0 (+1)	1,700 (0%)	2mo	$72,000	$42	93
1307 Philadelphia Rd	0.49mi	3/1.5	1,763 (+4%)	10mo	$450,000	$255	61
1801 Sandee Ct	0.29mi	3/2.0	1,550 (-9%)	21mo	$116,500	$75	54
1940 Steven Dr	0.43mi	3/2.0	1,550 (-9%)	18mo	$85,000	$55	50
815 Magnolia Rd	0.75mi	3/2.0	1,706 (+0%)	18mo	$350,000	$205	50
1907 Steven Dr	0.33mi	4/2.0 (+1)	1,456 (-14%)	11mo	$83,000	$57	47

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: 34.2%
• Equity multiple: 2.49×
• Total profit: $39,519
• Equity at exit: $14,165

10-year hold

• IRR: 42.1%
• Equity multiple: 5.36×
• Total profit: $116,051
• Equity at exit: $8,214

Cash invested: $26,600 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 94
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,850 high
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $805

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 52%

Sensitivity live

Price	-10% $870	-5% $837	+0% $805	+5% $772	+10% $739
Rent	-10% $658	-5% $732	+0% $805	+5% $878	+10% $951
Rate	-1.0pp $852	-0.5pp $829	base $805	+0.5pp $780	+1.0pp $755

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1857 Simons Ct Edgewood, MD	3.0	1.5	1240	$1,700	$1.37	44d	1	0.65mi
962 Topview Dr Edgewood, MD	3.0	1.5	1278	$1,700	$1.33	3d	1	0.68mi
807 Windstream Way Unit 807-C Edgewood, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.79mi
805 Windstream Way Unit 805B Edgewood, MD	3.0	1.5	1260	$1,450	$1.15	22d	1	0.80mi
807 W Spring Meadow Ct Edgewood, MD	3.0	1.5	1400	$1,850	$1.32	44d	1	0.81mi
1501 Saint Christopher Ct Edgewood, MD	4.0	2.0	1224	$2,200	$1.80	13d	1	0.97mi
802 Kingston Ct Edgewood, MD	1.0–3.0	1.0–1.5	1007	$1,883	$1.87	2d	15	0.99mi
700 Saint Peters Ct Edgewood, MD	3.0	1.5	1524	$1,100	$0.72	18d	1	1.02mi
705 Bayberry Rd Edgewood, MD	3.0	1.5	1657	$2,600	$1.57	18d	1	1.20mi
1523 Charlestown Dr Edgewood, MD	3.0	1.5	1240	$1,595	$1.29	44d	1	1.35mi

Listing history 15 events

1. 2026-06-03
   days on market $95,000 Active 14 DOM
2. 2026-06-02
   days on market $95,000 Active 13 DOM
3. 2026-06-01
   days on market $95,000 Active 12 DOM
4. 2026-05-31
   days on market $95,000 Active 11 DOM
5. 2026-05-20
   listed $95,000 Active
6. 2015-02-26
   historical
7. 2015-02-25
   historical
8. 2015-02-21
   price
9. 2014-10-07
   listed Active
10. 2014-10-07
    listed $39,900
11. 2009-12-02
    historical Withdrawn
12. 2009-04-17
    listed
13. 2005-03-15
    soldstatus $50,000
14. 2005-03-10
    historical
15. 2004-12-05
    listed $49,900

ⓘ 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: $22,194
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,776
• − Management: −$1,776
• − Depreciation: −$2,764
• Taxable income: $8,658
• Est. tax owed @ 24.0%: −$2,078
• After-tax cash flow: $7,577/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

+90.4% since first listed

11 events — show timeline

• 2026-05-20 Listed $95,000 BRIGHT MLS
• 2015-02-26 Delisted — MRIS
• 2015-02-25 Listing Removed — BRIGHT MLS
• 2015-02-21 Price Changed — MRIS
• 2014-10-07 Listed — MRIS
• 2014-10-07 Listed $39,900 BRIGHT MLS
• 2009-12-02 Delisted — MRIS
• 2009-04-17 Listed — MRIS
• 2005-03-15 Sold (MLS) $50,000 MRIS
• 2005-03-10 Delisted — MRIS
• 2004-12-05 Listed $49,900 MRIS