43 Midway Ave · North Laurel, MD 20723

$125,000

3 bd · 2.0 ba · 1,492 sqft · SingleFamily · 3 Days on market

Built 2005 1,350 sqft lot

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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 +7.5/15.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Inviting ranch-style mobile home offering 3 bedrooms, 2 full bathrooms, and 1,492 finished square feet in charming Midway Mobile Village. The bright open-concept layout is enhanced by vaulted ceilings, rich accent walls, abundant natural light, and stylish flooring throughout the main living areas. // Step inside the spacious living room, where a ceiling fan and soaring ceilings create an airy atmosphere that flows seamlessly into the adjacent dining area with a breakfast bar and open sightlines to the kitchen. // Designed for both everyday living and entertaining, the beautifully updated eat-in kitchen features a center island, stainless steel appliances, abundant white cabinetry, granite

Key facts

• Vaulted ceilings
• Open-concept layout
• Stylish flooring

Tags

• RANCH-STYLE MOBILE HOME
• OPEN-CONCEPT LAYOUT
• VAULTED CEILINGS
• ABUNDANT NATURAL LIGHT
• STYLISH FLOORING
• SPACIOUS LIVING ROOM

Property features AI

Finance

• Financial info: Land lease $1,000 monthly

Exterior

• Parking: Driveway parking; On-street parking; One total garage/parking space; One driveway space
• Utilities: Public water; Public sewer
• Home design: Manufactured home; Land lease ownership; Land lease of $1,000 per month; Approximately 100 years of land lease remaining; Estimated year built
• Construction: Vinyl siding
• Exterior features: Above-grade structure

Interior

• Kitchen: Dishwasher; Stove; Icemaker; Stainless steel appliances; Refrigerator; Kitchen island; Eat-in kitchen
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Forced air heating; Natural gas heat; Central air conditioning; Electric cooling; Electric hot water
• Interior features: Ceiling fans; Open floor plan; Eat-in kitchen; Kitchen island; Upgraded countertops; Soaking tub; Walk-in shower; Master bath
• Laundry & utility: Washer; Front-loading dryer; Main floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

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 ($3k rent vs $125k).
• Cap rate 17.8% vs local median 2.9% in North Laurel — 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 70/100 on livability (#173 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Howard County Public Schools (suburban): math 34% / reading 49% proficiency, ranked #1 of 24 in MD (top 4%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Forest Ridge Elementary (math 24% / reading 27%, grade F, #251 of 860 statewide, top 30%, 648 students, 37% FRL); Patuxent Valley Middle (math 11% / reading 42%, grade F, #86 of 225 statewide, top 40%, 767 students, 44% FRL); Hammond High (math 48% / reading 59%, grade C-, #94 of 222 statewide, top 42%, 1,287 students, 42% FRL) — zoned schools average 41% FRL vs 15% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.5%/yr); 95 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 881 units permitted in Howard County in 2024 (285 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Howard County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.5% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y 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.

Recommended offer $125,000

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. 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.
3. 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.
4. 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: 2.08% ✓
• Cap rate: 17.76%
• Cash-on-cash: 40.97%
• DSCR: 2.82
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $404,332
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
74 Midway Ave	0.03mi	3/2.0	1,500 (+0%)	17mo	$90,500	$60	84
7 Midway Ave	0.08mi	3/2.0	1,512 (+1%)	15mo	$85,000	$56	82
9333 Decatur Pl	0.43mi	3/1.5	1,500 (+0%)	2mo	$420,000	$280	76
9539 Linville Ave	0.44mi	3/1.0	1,420 (-5%)	4mo	$302,000	$213	64
10 Midway Ave	0.11mi	3/2.0	1,650 (+11%)	22mo	$95,400	$58	59
9334 Madison Ave	0.45mi	4/2.5 (+1)	1,518 (+2%)	14mo	$475,000	$313	58
9406 6th St N	0.42mi	3/2.0	1,344 (-10%)	10mo	$390,000	$290	56
9509 Baltimore Ave	0.46mi	3/1.0	1,420 (-5%)	21mo	$356,000	$251	49
9382 N Laurel Rd	0.64mi	4/1.5 (+1)	1,374 (-8%)	2mo	$421,200	$307	48
9555 Linville Ave	0.47mi	4/2.5 (+1)	1,658 (+11%)	10mo	$525,000	$317	44
9575 Cissell Ave	0.53mi	4/2.0 (+1)	1,713 (+15%)	3mo	$465,000	$271	43

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 · 3.5% rent growth · sell at horizon

5-year hold

• IRR: 38.1%
• Equity multiple: 2.63×
• Total profit: $57,208
• Equity at exit: $18,638

10-year hold

• IRR: 44.8%
• Equity multiple: 5.38×
• Total profit: $153,437
• Equity at exit: $10,808

Cash invested: $35,000 (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 20723

• Rents YoY: 3.5%
• Active inventory: 95
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,606 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$547
• Net cashflow: $1,195

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 49%

Sensitivity live

Price	-10% $1,281	-5% $1,238	+0% $1,195	+5% $1,152	+10% $1,109
Rent	-10% $989	-5% $1,092	+0% $1,195	+5% $1,298	+10% $1,401
Rate	-1.0pp $1,258	-0.5pp $1,227	base $1,195	+0.5pp $1,163	+1.0pp $1,130

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10010 Ruffian Way Unit R Laurel, MD	2.0	2.0	1681	$3,100	$1.84	18d	1	0.08mi
10095 Washington Blvd N Laurel, MD	1.0–2.0	1.0–2.0	890	$2,157	$2.42	3d	4	0.24mi
9713 Queen Annes Lace Laurel, MD	1.0–3.0	1.0–2.0	1114	$2,275	$2.04	44d	1	0.84mi
513 Main St Laurel, MD	2.0	1.0	1000	$1,735	$1.74	6d	1	0.90mi
9220 Bridle Path Ln Unit K Laurel, MD	2.0	1.5	940	$2,300	$2.45	12d	1	0.91mi
9220 Bridle Path Ln Laurel, MD	2.0	2.0	940	$2,300	$2.45	4d	1	0.91mi
3397 Fountain Grn S Laurel, MD	3.0	2.5	1662	$2,700	$1.62	25d	1	0.93mi
9220 Old Lantern Way Laurel, MD	1.0–3.0	1.0–2.0	1009	$2,392	$2.37	2d	64	0.93mi
3525 Laurel View Ct Laurel, MD	2.0	2.0	1380	$2,500	$1.81	25d	1	1.01mi
604 4th St Laurel, MD	2.0	1.0	952	$2,100	$2.21	6d	1	1.07mi
330 Compton Ave Laurel, MD	4.0	2.0	1665	$2,700	$1.62	25d	1	1.09mi
330 Compton Ave Laurel, MD	4.0	2.0	1665	$2,700	$1.62	0d	1	1.09mi
809 4th St Laurel, MD	2.0	1.5	1816	$2,000	$1.10	44d	1	1.18mi
9753 Whiskey Run Laurel, MD	2.0	2.0	1116	$2,250	$2.02	44d	1	1.20mi
9203 Redbridge Ct Laurel, MD	3.0	3.5	1460	$2,600	$1.78	44d	1	1.20mi
9717 Whiskey Run Laurel, MD	3.0	2.0	1152	$2,450	$2.13	44d	1	1.22mi
9709 Whiskey Run Laurel, MD	2.0	2.0	966	$2,200	$2.28	18d	1	1.23mi
9401 Spring House Ln Laurel, MD	1.0–2.0	1.0–2.0	818	$2,097	$2.56	6d	9	1.26mi
9054 Canterbury Riding #147 Laurel, MD	3.0	2.5	1380	$2,400	$1.74	18d	1	1.27mi
9915 Whiskey Run Laurel, MD	2.0	2.0	966	$2,199	$2.28	5d	1	1.29mi
9423 Woodsong Ct Laurel, MD	3.0	2.0	1134	$2,500	$2.20	11d	1	1.31mi
9412 Woodsong Ct Laurel, MD	2.0	2.5	1554	$2,900	$1.87	44d	1	1.31mi
9229 Howland Rd Laurel, MD	3.0	3.5	1602	$2,850	$1.78	44d	1	1.38mi
9323 Player Dr #119 Laurel, MD	3.0	2.5	1653	$2,800	$1.69	44d	1	1.38mi
801 8th St Laurel, MD	1.0–2.0	1.0	765	$1,844	$2.41	0d	10	1.38mi
9324 Daly Ct Laurel, MD	3.0	2.5	1800	$3,000	$1.67	18d	1	1.40mi
924 7th St Laurel, MD	2.0	1.0	1748	$1,850	$1.06	13d	1	1.40mi
3109 River Bend Ct Unit D202 Laurel, MD	2.0	2.0	1038	$2,150	$2.07	4d	1	1.42mi
3109 River Bend Ct Laurel, MD	2.0	2.0	1038	$2,150	$2.07	44d	1	1.42mi
8224 Spadderdock Way Laurel, MD	2.0	2.0	1608	$2,700	$1.68	6d	1	1.42mi
3110 River Bend Ct Unit G101 Laurel, MD	2.0	2.0	1150	$2,300	$2.00	44d	1	1.43mi

Listing history 3 events

1. 2026-06-21
   days on market $125,000 Active 3 DOM
2. 2026-06-18
   remarks 699-char remark
3. 2026-06-18
   listed $125,000 Active 1 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: $31,273
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$2,502
• − Management: −$2,502
• − Depreciation: −$3,636
• Taxable income: $13,131
• Est. tax owed @ 24.0%: −$3,151
• After-tax cash flow: $11,188/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: Howard County Public Schools
• NCES district ID: 2400420
• Math proficiency: 34% ▼ -22.00%
• Reading proficiency: 49% ▼ -11.00%
• Median HH income: $108,056
• Composite: 41.23/100
• National rank: #3535
• State rank: #1 of 24 in MD

Livability — North Laurel

• Score: 70/100
• State rank: #173
• US rank: #7812

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Laurel, MD
• County: Howard County · 282,651 people
• City population: 36,319
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 36,866
• Household income: $138,113
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 589.0

Population outlook (Howard County) Hauer SSP2

• Today (2025): 367,857 people
• By 2030: 394,054 · +7.1%
• By 2040: 443,509 · +20.6%
• By 2050: 488,124 · +32.7%
• By 2075: 594,860 · +61.7%
• By 2100: 648,772 · +76.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: White 36% Black 30% Asian 16% Hispanic / Latino 13% Two or more races 8%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Scotch-Irish 2% Romanian 1% Lithuanian 1%
• Foreign-born: 25% · Canada, South Korea, China
• Languages at home: 68% English-only · Spanish 10% Other Indo-European 7% Korean 2%

Political lean MEDSL · Howard

• 2024 margin: Solid D (+41.8) · D 69.1% · R 27.4% · Other 3.5%
• 2008→2024 swing: +19.9pp toward D · 2008: 21.9pp · 2024: 41.8pp
• All cycles: 2024: D+41.8 2020: D+44.3 2016: D+33.5 2012: D+21.2 2008: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -257.18%
• Current HPI: 290.8307
• Rent YoY: ▲ 3.50%
• 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

+78.6% since first listed

5 events — show timeline

• 2026-06-18 Relisted — BRIGHT MLS
• 2026-06-18 Listing Removed — BRIGHT MLS
• 2026-06-18 Listed $125,000 BRIGHT MLS
• 2023-06-16 Listing Removed — BRIGHT MLS
• 2023-06-15 Listed $70,000 BRIGHT MLS