10 Queen Eleanor Dr · Elkton, MD 21921

$75,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily · 8 Days on market

Built 2006 4,356 sqft lot Est $105k · 29% under ↓ 21% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This manufactured home features 3 bedrooms and 2 baths, including a primary bedroom with a luxurious 4-piece bath and a jet tub. The open-concept design allows the kitchen to flow seamlessly into the living room, creating a spacious and inviting area. Additional spaces include a large dining room, a den, and a dedicated laundry area. Outdoor living is enhanced by a covered porch accessible through sliding doors, and a shed is included for extra storage. The home is located in a beautiful community, conveniently situated near shopping centers and major highways. Park approval required prior to offer.

Key facts

• Open floor plan
• Primary en-suite
• Convenient side door

Tags

• OPEN FLOOR PLAN
• PRIMARY EN-SUITE
• CONVENIENT SIDE DOOR
• ADDITIONAL STORAGE
• NEW ROOF

Property features AI

Finance

• Other: Ownership interest: Ground Rent
• Financial info: Ground rent payable monthly

Exterior

• Parking: Off-street parking
• Utilities: Public septic; Community water; Hot water from solar and electric
• Home design: Manufactured home; Estimated year built
• Construction: Vinyl siding; Estimated finished above-grade area: 1,500 (source: estimated)
• Exterior features: Porch(es); Shed; Above-grade structures

Interior

• Kitchen: Cooktop; Dishwasher; Microwave; Wall oven; Range hood; Refrigerator; Kitchen island; Breakfast area
• Bedrooms: Three bedrooms on the main level (includes master bedroom, Bedroom 1, Bedroom 2)
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Heat pump(s) for heating; Central air conditioning; Electric heating and cooling
• Interior features: Open floor plan; Kitchen island; Breakfast area; Master bath(s); Window treatments; Living room; Dining room; Family room
• Laundry & utility: Washer and dryer included; Washer/Dryer hookups available

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Cap rate 24.5% vs local median 4.1% in Elkton — 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 65/100 on livability (#261 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: schools F, crime F, commute F.
• Cecil County Public Schools (rural): math 15% / reading 30% proficiency, ranked #15 of 24 in MD (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.3%/yr); 204 active listings in the ZIP; solid renter incomes; 563 units permitted in Cecil County in 2024 (330 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 15y ago; this cycle's ask has dropped $55k (42%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $75,000

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 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?
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: 2.79% ✓
• Cap rate: 24.48%
• Cash-on-cash: 64.97%
• DSCR: 3.89
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $105,000
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10 Queen Eleanor Dr	0.00mi	3/2.0	1,500 (0%)	14mo	$105,000	$70	89
42 Queen Eleanor Dr	0.08mi	3/2.0	1,400 (-7%)	2mo	$82,000	$59	84
57 Queen Eleanor	0.06mi	3/2.0	1,500 (0%)	16mo	$70,000	$47	84
69 Hollis Cir	0.25mi	3/2.0	1,456 (-3%)	21mo	$285,000	$196	66
1 Robin Hood Dr	0.09mi	2/2.0 (-1)	1,700 (+13%)	6mo	$110,000	$65	64
20 Huminski Rd	0.60mi	3/2.0	1,370 (-9%)	12mo	$448,000	$327	48

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: 63.4%
• Equity multiple: 3.80×
• Total profit: $58,865
• Equity at exit: $11,183

10-year hold

• IRR: 67.6%
• Equity multiple: 7.61×
• Total profit: $138,864
• Equity at exit: $6,485

Cash invested: $21,000 (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 21921

• Rents YoY: 2.3%
• Active inventory: 204
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $2,095 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $1,137

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 41%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-18
   days on market $75,000 Coming Soon 8 DOM
2. 2026-06-17
   days on market $75,000 Coming Soon 7 DOM
3. 2026-06-16
   days on market $75,000 Coming Soon 6 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   days on market $75,000 Coming Soon 5 DOM
6. 2026-06-13
   remarks 602-char remark
7. 2026-06-13
   listed $75,000 Coming Soon 3 DOM

ⓘ 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: $25,143
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$2,011
• − Management: −$2,011
• − Depreciation: −$2,182
• Taxable income: $13,237
• Est. tax owed @ 24.0%: −$3,177
• After-tax cash flow: $10,466/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: Cecil County Public Schools
• NCES district ID: 2400240
• Math proficiency: 15% ▼ -21.00%
• Reading proficiency: 30% ▼ -15.00%
• Median HH income: $66,544
• Composite: 21.51/100
• National rank: #8322
• State rank: #15 of 24 in MD

Livability — Elkton

• Score: 65/100
• State rank: #261
• US rank: #13293

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cecil County · 65,041 people
• City population: 45,527
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 45,527
• Household income: $85,775
• Rent vs Own: 30.2% rent · 69.8% own
• Severe rent burden: 1438.0

Population outlook (Cecil County) Hauer SSP2

• Today (2025): 105,877 people
• By 2030: 106,905 · +1.0%
• By 2040: 107,156 · +1.2%
• By 2050: 104,170 · -1.6%
• By 2075: 95,771 · -9.5%
• By 2100: 82,381 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 9% Two or more races 8% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 6% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Cecil

• 2024 margin: Solid R (+30.9) · D 33.5% · R 64.4% · Other 2.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -14.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+26.6 2016: R+35.3 2012: R+20.4 2008: R+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -192.67%
• Current HPI: 253.7641
• Rent YoY: ▲ 2.32%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-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

-21.0% since first listed

22 events — show timeline

• 2026-06-10 Coming Soon $75,000 BRIGHT MLS
• 2025-05-05 Sold (MLS) $105,000 BRIGHT MLS
• 2025-03-23 Pending — BRIGHT MLS
• 2025-02-13 Relisted — BRIGHT MLS
• 2025-02-12 Listing Removed — BRIGHT MLS
• 2025-01-21 Price Changed $120,000 BRIGHT MLS
• 2024-09-18 Price Changed $124,900 BRIGHT MLS
• 2024-09-10 Relisted — BRIGHT MLS
• 2024-09-07 Pending — BRIGHT MLS
• 2024-08-30 Listed $129,900 BRIGHT MLS
• 2024-08-12 Coming Soon $129,900 BRIGHT MLS
• 2014-09-05 Sold (MLS) $72,000 BRIGHT MLS
• 2014-07-25 Listing Removed — BRIGHT MLS
• 2014-07-25 Listing Removed — BRIGHT MLS
• 2014-04-17 Listed $74,900 BRIGHT MLS
• 2014-04-16 Listed $74,900 BRIGHT MLS
• 2013-07-29 Listing Removed — BRIGHT MLS
• 2013-04-20 Listed $89,000 BRIGHT MLS
• 2013-03-16 Listing Removed — BRIGHT MLS
• 2012-06-11 Listed $86,000 BRIGHT MLS
• 2012-02-01 Listing Removed — BRIGHT MLS
• 2011-08-12 Listed $94,900 BRIGHT MLS