1501 Flanders Ln Unit I · Marlboro Meadows, MD 20776

$80,000

2 bd · 1.0 ba · 1,200 sqft · SingleFamily · 20 Days on market

Built 1977 Fair condition Est $90k · 11% under

---

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 +12.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Welcome to 1501 Flanders Lane #I in Maryland Manor, where affordable living and everyday convenience come together in a peaceful Harwood setting. This single story 2-bedroom, 1-bath home offers a comfortable floor plan with plenty of natural light throughout. The spacious kitchen features newer appliances, ample cabinetry, and generous counter space. New flooring adds a fresh, modern feel throughout the home. Both bedrooms provide comfortable accommodations, while the oversized laundry and storage room offers valuable extra space rarely found in homes at this price point. Step outside and enjoy multiple outdoor living areas, including decks, a large patio, and a storage shed for tools, hobb

Key facts

• 2 parking spots
• Built 1977
• Listed 19 days

Property features AI

Finance

• Financial info: Ground rent payment: $933 monthly; Ownership: Ground rent

Exterior

• Parking: Assigned parking in a parking lot (2 spaces total)
• Utilities: Public water; Public sewer
• Home design: Manufactured home; Above-grade living space (estimated 1,200 finished); Year built: estimated
• Construction: Aluminum siding; Above-grade other structures
• Exterior features: Ground rent exists (monthly payment required)

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Window air conditioning units (electric); Heating: Other; Electric hot water
• Interior features: Two or more access/egress points

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($20k/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 30.7% 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: schools D, amenities F, commute F.
• 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.
• 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 $553 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 ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 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 $78,800 (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. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 3.45% ✓
• Cap rate: 30.75%
• Cash-on-cash: 87.35%
• DSCR: 4.89
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $90,000
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4748 Flanders Lane #k	0.27mi	3/2.0 (+1)	1,200 (0%)	8mo	$90,000	$75	72

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: 87.9%
• Equity multiple: 5.06×
• Total profit: $90,922
• Equity at exit: $11,928

10-year hold

• IRR: 91.0%
• Equity multiple: 10.51×
• Total profit: $213,058
• Equity at exit: $6,917

Cash invested: $22,400 (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: 2.4×

Monthly cashflow live

• Estimated rent: $2,764 medium
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$580
• Net cashflow: $1,630

Break-even live

Break-even rent $700

Max offer price $80,000

Occupancy floor 36%

Sensitivity live

Price	-10% $1,686	-5% $1,658	+0% $1,630	+5% $1,603	+10% $1,575
Rent	-10% $1,412	-5% $1,521	+0% $1,630	+5% $1,740	+10% $1,849
Rate	-1.0pp $1,671	-0.5pp $1,651	base $1,630	+0.5pp $1,610	+1.0pp $1,589

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-21
   days on market $80,000 Active 20 DOM
2. 2026-06-18
   days on market $80,000 Active 17 DOM
3. 2026-06-17
   days on market $80,000 Active 16 DOM
4. 2026-06-16
   days on market $80,000 Active 15 DOM
5. 2026-06-15
   days on market $80,000 Active 14 DOM
6. 2026-06-13
   days on market $80,000 Active 12 DOM
7. 2026-06-09
   days on market $80,000 Active 8 DOM
8. 2026-06-08
   days on market $80,000 Active 7 DOM
9. 2026-06-07
   days on market $80,000 Active 6 DOM
10. 2026-06-04
    days on market $80,000 Active 3 DOM
11. 2026-06-03
    days on market $80,000 Active 2 DOM
12. 2026-06-02
    statusdays on market $80,000 Active 1 DOM
13. 2026-06-01
    days on market $80,000 Coming Soon 3 DOM
14. 2026-05-31
    days on market $80,000 Coming Soon 2 DOM

ⓘ 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: $33,164
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$2,653
• − Management: −$2,653
• − Depreciation: −$2,327
• Taxable income: $19,449
• Est. tax owed @ 24.0%: −$4,668
• After-tax cash flow: $14,897/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 · 2 photos

Fair 45/100 Moderate rehab

This single-story home requires moderate repairs to the exterior siding and landscaping, but has good interior features and new flooring. Painting the exterior and improving landscaping would significantly enhance its curb appeal and value.

Repairs flagged

• Moderate Siding — Weathered appearance
• Minor Landscaping — Overgrown areas

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Landscaping — Improves curb appeal and rental appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Siding · Weathered appearance	Moderate	$3,000–15,000
Landscaping · Overgrown areas	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Landscaping — Improves curb appeal and rental appeal ↑

ⓘ 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

• 2026-05-30 Coming Soon $80,000 BRIGHT MLS