14192 Backbone Rd · Eden, MD 21822

$116,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 77 Days on market

Built 2007 0.81 ac lot $86/sqft · 54% below area

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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 +26.4/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Appreciation +6.3/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

This affordable doublewide home is now available with 3 Bedrooms and 2 Full Baths. It sits on nearly an acre of land and backs up to woods. Located in a rural setting but still close to town. The Kitchen offers plenty of space and storage with a center island. It is large enough to accommodate a nice sized table and chairs. There is a separate laundry room with additional storage. The primary bedroom has a large walk-in closet and its own en suite with soaking tub. The living room offers plenty of room and natural light. There are 2 additional bedrooms and another full bath. The home has newer LVP throughout for easy maintenance. The roof was replaced in 2024 and all appliances have been well maintained. There is also a large 16 x 24 shed for your outdoor needs. This home is on leased land not a park. Come make this cute home your very own.

Key facts

• 0.81 acre lot
• 10 parking spots
• Built 2007

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $116k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $116k).
• Recommended offer: $109k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 52/100 on livability (#443 in MD) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Somerset County Public Schools (town): math 12% / reading 23% proficiency, ranked #22 of 24 in MD (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 19 active listings in the ZIP; 49 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($802 loan paydown + $3k appreciation (2.7% local appreciation)).
• Somerset County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago; this cycle's ask has dropped $13k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10; list at $116k implies a 1159900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,040 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.19% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.18%
• DSCR: 1.50
• GRM: 7.0

CMA / ARV

• ARV (median comp): $254,649
• List price: $116,000
• Delta: -54.45%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

2.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.2%
• Equity multiple: 1.96×
• Total profit: $31,221
• Equity at exit: $49,991

10-year hold

• IRR: 18.9%
• Equity multiple: 3.67×
• Total profit: $86,729
• Equity at exit: $75,398

Cash invested: $32,480 (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 21822

• Home prices YoY: 1.1%
• Active inventory: 19
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,375 medium
• Mortgage (P&I): −$608
• Tax from tax record: −$127 /mo · $1,521/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $303

Break-even live

Break-even rent $992

Max offer price $116,000

Occupancy floor 73%

Sensitivity live

Price	-10% $368	-5% $335	+0% $303	+5% $270	+10% $237
Rent	-10% $194	-5% $248	+0% $303	+5% $357	+10% $411
Rate	-1.0pp $361	-0.5pp $332	base $303	+0.5pp $273	+1.0pp $242

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: $29,000
• Closing costs: $3,480
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $116,000 Active 77 DOM
2. 2026-06-17
   days on market $116,000 Active 76 DOM
3. 2026-06-16
   days on market $116,000 Active 75 DOM
4. 2026-06-15
   days on market $116,000 Active 74 DOM
5. 2026-06-14
   days on market $116,000 Active 72 DOM
6. 2026-06-13
   days on market $116,000 Active 71 DOM
7. 2026-06-10
   pricedays on market $116,000 Active 69 DOM
8. 2026-06-09
   days on market $119,000 Active 68 DOM
9. 2026-06-08
   days on market $119,000 Active 67 DOM
10. 2026-06-07
    days on market $119,000 Active 66 DOM
11. 2026-06-02
    days on market $119,000 Active 61 DOM
12. 2026-06-01
    days on market $119,000 Active 60 DOM
13. 2026-05-31
    days on market $119,000 Active 59 DOM
14. 2026-05-30
    days on market $119,000 Active 58 DOM
15. 2026-04-03
    listed $129,000 Active 854-char remark

    Show marketing remark (854 chars)

    This affordable doublewide home is now available with 3 Bedrooms and 2 Full Baths. It sits on nearly an acre of land and backs up to woods. Located in a rural setting but still close to town. The Kitchen offers plenty of space and storage with a center island. It is large enough to accommodate a nice sized table and chairs. There is a separate laundry room with additional storage. The primary bedroom has a large walk-in closet and its own en suite with soaking tub. The living room offers plenty of room and natural light. There are 2 additional bedrooms and another full bath. The home has newer LVP throughout for easy maintenance. The roof was replaced in 2024 and all appliances have been well maintained. There is also a large 16 x 24 shed for your outdoor needs. This home is on leased land not a park. Come make this cute home your very own.

16. 2026-03-31
    historical $129,000 854-char remark

    Show marketing remark (854 chars)

    This affordable doublewide home is now available with 3 Bedrooms and 2 Full Baths. It sits on nearly an acre of land and backs up to woods. Located in a rural setting but still close to town. The Kitchen offers plenty of space and storage with a center island. It is large enough to accommodate a nice sized table and chairs. There is a separate laundry room with additional storage. The primary bedroom has a large walk-in closet and its own en suite with soaking tub. The living room offers plenty of room and natural light. There are 2 additional bedrooms and another full bath. The home has newer LVP throughout for easy maintenance. The roof was replaced in 2024 and all appliances have been well maintained. There is also a large 16 x 24 shed for your outdoor needs. This home is on leased land not a park. Come make this cute home your very own.

17. 2012-06-21
    historical
18. 2012-04-10
    listed $52,900
19. 2012-01-23
    historical
20. 2011-07-23
    listed $54,900
21. 2001-10-24
    soldstatus $10

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $1,521 · $127/mo
• Projected year-2 tax: $1,521 · $127/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,496
• − Mortgage interest: −$6,498
• − Property taxes: −$1,521
• − Insurance: −$580
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$3,375
• Taxable income: $1,884
• Est. tax owed @ 24.0%: −$452
• After-tax cash flow: $3,179/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: Somerset County Public Schools
• NCES district ID: 2400570
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 23% ▼ -14.00%
• Median HH income: $38,810
• Composite: 14.73/100
• National rank: #9396
• State rank: #22 of 24 in MD

Livability — Eden

• Score: 52/100
• State rank: #443
• US rank: #25126

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,603
• Population (ZIP): 2,603

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 24,474 people
• By 2030: 23,547 · -3.8%
• By 2040: 21,498 · -12.2%
• By 2050: 20,427 · -16.5%
• By 2075: 16,594 · -32.2%
• By 2100: 12,132 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 29% Two or more races 6%
• Common ancestry: Lithuanian 3% Italian 3% Romanian 2%
• Foreign-born: 1%

Political lean MEDSL · Somerset

• 2024 margin: R (+17.4) · D 40.2% · R 57.5% · Other 2.3%
• 2008→2024 swing: -14.8pp toward R · 2008: -2.6pp · 2024: -17.4pp
• All cycles: 2024: R+17.4 2020: R+14.8 2016: R+17.9 2012: R+2.5 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.67%
• Current HPI: 243.9859
• 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

+135.0% since first listed

7 events — show timeline

• 2026-04-03 Listed $129,000 BRIGHT MLS
• 2026-03-31 Coming Soon $129,000 BRIGHT MLS
• 2012-06-21 Listing Removed — BRIGHT MLS
• 2012-04-10 Listed $52,900 BRIGHT MLS
• 2012-01-23 Listing Removed — BRIGHT MLS
• 2011-07-23 Listed $54,900 BRIGHT MLS
• 2001-10-24 Sold (Public Records) $10 Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,521 · +22.0% YoY. Source: county tax records.