136 Chesapeake Mobile Ct #136 · Severn, MD 21076

$74,000

3 bd · 2.0 ba · 1,680 sqft · Manufactured · 11 Days on market

Built 2026 Fair condition

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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
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Schools +2.9/10.0
• Condition / age +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks

* THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 2 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as community events, , , and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

• Built 2026
• Listed 11 days

Property features AI

Finance

• Other: Address: 136 Chesapeake Mobile Ct #136, Hanover, MD 21076; Status: Active
• Financial info: List price $73,500

Exterior

• Utilities: Propane for heat; Central air for cooling
• Home design: Manufactured home / mobile home; Spec home
• Construction: Living area approximately 1,680

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Propane heating; Central air conditioning
• Interior features: 2 total bathrooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $74k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $74k).
• Cap rate 34.4% vs local median 4.0% in Severn — 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 (#175 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A-; Watch: schools D+, crime D+, amenities 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: Rents rising (+1.4%/yr); 147 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 $512 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 + 1.4% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $74,000

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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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?
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: 3.84% ✓
• Cap rate: 34.40%
• Cash-on-cash: 100.39%
• DSCR: 5.47
• GRM: 2.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.41% rent growth · sell at horizon

5-year hold

• IRR: 99.7%
• Equity multiple: 5.54×
• Total profit: $93,977
• Equity at exit: $11,034

10-year hold

• IRR: —
• Equity multiple: 10.96×
• Total profit: $206,381
• Equity at exit: $6,398

Cash invested: $20,720 (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 21076

• Home prices YoY: -33.9%
• Rents YoY: 1.4%
• Active inventory: 147
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $2,842 high
• Mortgage (P&I): −$388
• Tax est. 1.5%: −$92 /mo · $1,110/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$597
• Net cashflow: $1,733

Break-even live

Break-even rent $647

Max offer price $74,000

Occupancy floor 34%

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1624 Hardwick Ct #402 Hanover, MD	2.0	2.0	1407	$2,400	$1.71	43d	1	0.32mi
1707 Fieldstone Ct Hanover, MD	3.0	2.5	2100	$3,400	$1.62	21d	1	0.32mi
7557 Stoney Run Dr #101 Hanover, MD	2.0	2.0	1407	$2,350	$1.67	43d	1	0.43mi
7521 Mundell Rd Hanover, MD	3.0	3.5	1600	$2,750	$1.72	43d	1	0.57mi
1302 Hill Born Dr Hanover, MD	4.0	3.5	2224	$2,800	$1.26	4d	1	0.58mi
1440 Strahorn Rd Hanover, MD	2.0	2.5	1824	$3,000	$1.64	23d	1	0.60mi
7746 Kidwell Ct Hanover, MD	3.0	3.0	1700	$2,900	$1.71	43d	1	1.09mi
1447 Pangbourne Way Hanover, MD	4.0	3.5	1450	$2,800	$1.93	43d	1	1.11mi
1432 Pangbourne Way Hanover, MD	3.0	2.5	2176	$3,050	$1.40	17d	1	1.13mi
1811 Battlement Ct Severn, MD	2.0	1.0	1200	$1,600	$1.33	20d	1	1.19mi
7677 Fairbanks Ct Hanover, MD	4.0	1.5	1761	$2,250	$1.28	2d	1	1.19mi
1739 Theale Way Hanover, MD	3.0	2.5	2104	$3,200	$1.52	4d	1	1.31mi
1743 Theale Way Hanover, MD	3.0	2.5	2074	$3,250	$1.57	23d	1	1.31mi
2109 Piney Branch Cir Hanover, MD	1.0–3.0	1.0–2.0	979	$3,577	$3.65	1d	39	1.32mi
8001 Laketowne Ct Severn, MD	2.0–3.0	1.0–1.5	1014	$2,694	$2.66	3d	18	1.40mi
7694 Dorchester Blvd Hanover, MD	2.0	1.0–2.0	855	$3,198	$3.74	2d	12	1.43mi

Listing history 8 events

1. 2026-06-09
   days on market $74,000 Active 11 DOM
2. 2026-06-08
   days on market $74,000 Active 10 DOM
3. 2026-06-07
   days on market $74,000 Active 9 DOM
4. 2026-06-04
   days on market $74,000 Active 6 DOM
5. 2026-06-03
   days on market $74,000 Active 5 DOM
6. 2026-06-02
   days on market $74,000 Active 4 DOM
7. 2026-06-01
   pricedays on market $74,000 Active 3 DOM
8. 2026-05-31
   days on market $73,500 Active 2 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: $34,098
• − Mortgage interest: −$4,145
• − Property taxes: −$1,110
• − Insurance: −$370
• − Repairs & maintenance: −$2,728
• − Management: −$2,728
• − Depreciation: −$2,153
• Taxable income: $20,865
• Est. tax owed @ 24.0%: −$5,007
• After-tax cash flow: $15,793/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 · 1 photo

Fair 40/100 Moderate rehab

This 3-bedroom, 2-bathroom home requires moderate renovations, including painting and updating the interior and exterior. It has potential for significant value increase with these improvements.

Repairs flagged

• Minor exterior siding — Some discoloration
• Minor interior walls — Paint appears worn

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace carpet with hardwood or tile flooring — Hardwood or tile flooring is more durable and adds value
• Resale Update bathrooms with new fixtures and paint — Modern bathrooms attract more buyers
• Rental Upgrade HVAC system — A new HVAC system improves comfort and reduces energy costs

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Some discoloration	Minor	$500–3,000
interior walls · Paint appears worn	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace carpet with hardwood or tile flooring — Hardwood or tile flooring is more durable and adds value ↑
• Resale Update bathrooms with new fixtures and paint — Modern bathrooms attract more buyers ↑
• Rental Upgrade HVAC system — A new HVAC system improves comfort and reduces energy costs ↑

ⓘ 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 — Severn

• Score: 70/100
• State rank: #175
• US rank: #7833

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Severn, MD
• County: Anne Arundel County · 535,653 people
• City population: 37,118
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,268
• Household income: $146,869
• Rent vs Own: 34.2% rent · 65.8% own
• Severe rent burden: 497.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 37% Black 31% Asian 15% Hispanic / Latino 10% Two or more races 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 20% · Canada, South Korea, China
• Languages at home: 72% English-only · Spanish 8% Other Indo-European 5% Korean 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: ▼ -131.77%
• Current HPI: 257.5612
• Rent YoY: ▲ 1.41%
• 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