26595 Blue Jay Ln · Hebron, MD 21830

$135,900

4 bd · 2.0 ba · 1,960 sqft · SingleFamily · 125 Days on market

Built 2002 Fair condition $69/sqft · 17% below area Est $164k · 17% under ↓ 15% since listing

---

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 +27.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +7.5/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious 2002 Shultz manufactured home located in the desirable community of Hebron Woods. Offering 1,960 sq ft of comfortable living space, this well-maintained home features 4 bedrooms and 2 full bathrooms and sits on an extra-large, deep lot providing plenty of room to enjoy outdoor living. Relax and unwind on the large covered front porch, or enjoy the open interior featuring a bright living area with an eat-in space and patio doors leading to the backyard. The home offers a functional layout with a separate laundry room, a spacious kitchen with abundant cabinetry, and charming built-in china cabinets. A dedicated TV room includes a built-in entertainment cabinet, adding both style and convenience. The generous primary suite features a walk-in closet, full bath with soaking tub and separate shower stall, and an additional sitting area—perfect for a private retreat. Additional highlights include a new roof installed in 2025 and a welcoming community setting. Residents of Hebron Woods enjoy well-lit streets, beautiful covered sitting areas at the entrance, and a community picnic area with catch-and-release fishing, creating a peaceful neighborhood atmosphere. This home offers space, comfort, and community living all in one—schedule your showing today!

Key facts

• Covered front porch
• Spacious kitchen
• Open interior

Tags

• COVERED FRONT PORCH
• OPEN INTERIOR
• SEPARATE LAUNDRY ROOM
• SPACIOUS KITCHEN
• BUILT-IN CHINA CABINETS
• DEDICATED TV ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $136k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $136k).
• Recommended offer: $120k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#243 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools C-, employment D, amenities F.
• Wicomico County Public Schools (urban): math 16% / reading 26% proficiency, ranked #19 of 24 in MD (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 16 active listings in the ZIP; 278 units permitted in Wicomico County in 2024 (44 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $940 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wicomico County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($120k) is reasonable based on typical stale-listing flexibility.

Recommended offer $119,592 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.25% ✓
• Cap rate: 9.84%
• Cash-on-cash: 12.68%
• DSCR: 1.56
• GRM: 6.7

CMA / ARV

• ARV (median comp): $164,000
• List price: $135,900
• Delta: -17.13%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26989 Osprey Cir	0.11mi	4/2.5	2,052 (+5%)	9mo	$175,000	$85	78
26921 Osprey Cir	0.23mi	3/2.0 (-1)	1,792 (-9%)	1mo	$164,000	$92	69
26693 Osprey Cir	0.09mi	3/2.0 (-1)	1,850 (-6%)	24mo	$145,000	$78	62
26890 Osprey Cir	0.24mi	3/2.0 (-1)	1,792 (-9%)	10mo	$145,000	$81	61
26791 Crossbill Ct	0.38mi	3/2.0 (-1)	2,000 (+2%)	15mo	$140,000	$70	61
26792 Porter Mill Rd	0.65mi	4/3.0	2,016 (+3%)	2mo	$407,000	$202	60
26812 Crossbill Ct	0.38mi	3/2.0 (-1)	2,150 (+10%)	2mo	$124,000	$58	59
26817 Cross Bill Ct	0.39mi	3/2.0 (-1)	1,716 (-12%)	22mo	$130,000	$76	38

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: 2.5%
• Equity multiple: 1.10×
• Total profit: $3,622
• Equity at exit: $20,263

10-year hold

• IRR: 12.1%
• Equity multiple: 1.95×
• Total profit: $36,245
• Equity at exit: $11,750

Cash invested: $38,052 (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 21830

• Home prices YoY: -7.9%
• Active inventory: 16
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,698 medium
• Mortgage (P&I): −$713
• Tax est. 1.5%: −$170 /mo · $2,038/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $402

Break-even live

Break-even rent $1,189

Max offer price $135,900

Occupancy floor 71%

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: $33,975
• Closing costs: $4,077
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $135,900 Active 125 DOM
2. 2026-06-17
   days on market $135,900 Active 124 DOM
3. 2026-06-16
   days on market $135,900 Active 123 DOM
4. 2026-06-15
   days on market $135,900 Active 122 DOM
5. 2026-06-14
   days on market $135,900 Active 120 DOM
6. 2026-06-13
   days on market $135,900 Active 119 DOM
7. 2026-06-10
   days on market $135,900 Active 117 DOM
8. 2026-06-09
   days on market $135,900 Active 116 DOM
9. 2026-06-08
   days on market $135,900 Active 115 DOM
10. 2026-06-07
    days on market $135,900 Active 114 DOM
11. 2026-06-03
    days on market $135,900 Active 110 DOM
12. 2026-06-02
    days on market $135,900 Active 109 DOM
13. 2026-06-01
    days on market $135,900 Active 108 DOM
14. 2026-05-31
    days on market $135,900 Active 107 DOM
15. 2026-05-30
    days on market $135,900 Active 106 DOM
16. 2026-05-17
    price $135,900 1301-char remark

    Show marketing remark (1301 chars)

    Welcome to this spacious 2002 Shultz manufactured home located in the desirable community of Hebron Woods. Offering 1,960 sq ft of comfortable living space, this well-maintained home features 4 bedrooms and 2 full bathrooms and sits on an extra-large, deep lot providing plenty of room to enjoy outdoor living. Relax and unwind on the large covered front porch, or enjoy the open interior featuring a bright living area with an eat-in space and patio doors leading to the backyard. The home offers a functional layout with a separate laundry room, a spacious kitchen with abundant cabinetry, and charming built-in china cabinets. A dedicated TV room includes a built-in entertainment cabinet, adding both style and convenience. The generous primary suite features a walk-in closet, full bath with soaking tub and separate shower stall, and an additional sitting area—perfect for a private retreat. Additional highlights include a new roof installed in 2025 and a welcoming community setting. Residents of Hebron Woods enjoy well-lit streets, beautiful covered sitting areas at the entrance, and a community picnic area with catch-and-release fishing, creating a peaceful neighborhood atmosphere. This home offers space, comfort, and community living all in one—schedule your showing today!

17. 2026-03-26
    price $143,000 1301-char remark

    Show marketing remark (1301 chars)

    Welcome to this spacious 2002 Shultz manufactured home located in the desirable community of Hebron Woods. Offering 1,960 sq ft of comfortable living space, this well-maintained home features 4 bedrooms and 2 full bathrooms and sits on an extra-large, deep lot providing plenty of room to enjoy outdoor living. Relax and unwind on the large covered front porch, or enjoy the open interior featuring a bright living area with an eat-in space and patio doors leading to the backyard. The home offers a functional layout with a separate laundry room, a spacious kitchen with abundant cabinetry, and charming built-in china cabinets. A dedicated TV room includes a built-in entertainment cabinet, adding both style and convenience. The generous primary suite features a walk-in closet, full bath with soaking tub and separate shower stall, and an additional sitting area—perfect for a private retreat. Additional highlights include a new roof installed in 2025 and a welcoming community setting. Residents of Hebron Woods enjoy well-lit streets, beautiful covered sitting areas at the entrance, and a community picnic area with catch-and-release fishing, creating a peaceful neighborhood atmosphere. This home offers space, comfort, and community living all in one—schedule your showing today!

18. 2026-03-03
    price $144,000 1301-char remark

    Show marketing remark (1301 chars)

    Welcome to this spacious 2002 Shultz manufactured home located in the desirable community of Hebron Woods. Offering 1,960 sq ft of comfortable living space, this well-maintained home features 4 bedrooms and 2 full bathrooms and sits on an extra-large, deep lot providing plenty of room to enjoy outdoor living. Relax and unwind on the large covered front porch, or enjoy the open interior featuring a bright living area with an eat-in space and patio doors leading to the backyard. The home offers a functional layout with a separate laundry room, a spacious kitchen with abundant cabinetry, and charming built-in china cabinets. A dedicated TV room includes a built-in entertainment cabinet, adding both style and convenience. The generous primary suite features a walk-in closet, full bath with soaking tub and separate shower stall, and an additional sitting area—perfect for a private retreat. Additional highlights include a new roof installed in 2025 and a welcoming community setting. Residents of Hebron Woods enjoy well-lit streets, beautiful covered sitting areas at the entrance, and a community picnic area with catch-and-release fishing, creating a peaceful neighborhood atmosphere. This home offers space, comfort, and community living all in one—schedule your showing today!

19. 2026-02-13
    listed $159,000 Active 1301-char remark

    Show marketing remark (1301 chars)

    Welcome to this spacious 2002 Shultz manufactured home located in the desirable community of Hebron Woods. Offering 1,960 sq ft of comfortable living space, this well-maintained home features 4 bedrooms and 2 full bathrooms and sits on an extra-large, deep lot providing plenty of room to enjoy outdoor living. Relax and unwind on the large covered front porch, or enjoy the open interior featuring a bright living area with an eat-in space and patio doors leading to the backyard. The home offers a functional layout with a separate laundry room, a spacious kitchen with abundant cabinetry, and charming built-in china cabinets. A dedicated TV room includes a built-in entertainment cabinet, adding both style and convenience. The generous primary suite features a walk-in closet, full bath with soaking tub and separate shower stall, and an additional sitting area—perfect for a private retreat. Additional highlights include a new roof installed in 2025 and a welcoming community setting. Residents of Hebron Woods enjoy well-lit streets, beautiful covered sitting areas at the entrance, and a community picnic area with catch-and-release fishing, creating a peaceful neighborhood atmosphere. This home offers space, comfort, and community living all in one—schedule your showing today!

ⓘ 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: $20,376
• − Mortgage interest: −$7,613
• − Property taxes: −$2,038
• − Insurance: −$680
• − Repairs & maintenance: −$1,630
• − Management: −$1,630
• − Depreciation: −$3,953
• Taxable income: $2,832
• Est. tax owed @ 24.0%: −$680
• After-tax cash flow: $4,147/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 · 12 photos

Fair 45/100 Moderate rehab

This 2002 Shultz manufactured home requires moderate repairs and maintenance to improve its condition and value. Key areas for improvement include exterior siding, flooring, and interior walls. Upgrades to the kitchen and bathrooms, along with landscaping, would significantly enhance its resale and rental value.

Repairs flagged

• Moderate exterior siding — Weathered and discolored
• Moderate flooring — Worn carpet in living areas
• Moderate interior walls — Worn wallpaper in living areas
• Minor kitchen cabinets — Standard cabinetry, dated design
• Minor bathroom fixtures — Standard fixtures, dated design

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal
• Resale Replace carpet in living areas — New carpet improves comfort and appearance
• Resale Replace kitchen cabinets — Modern cabinets increase appeal and functionality
• Resale Replace bathroom fixtures — Modern fixtures improve functionality and appearance
• Both Landscaping and curb appeal — Landscaping enhances curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Weathered and discolored	Moderate	$3,000–15,000
flooring · Worn carpet in living areas	Moderate	$3,000–15,000
interior walls · Worn wallpaper in living areas	Moderate	$3,000–15,000
kitchen cabinets · Standard cabinetry, dated design	Minor	$500–3,000
bathroom fixtures · Standard fixtures, dated design	Minor	$500–3,000
Total estimated repair cost · 5 items		$10,000–51,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal ↑
• Resale Replace carpet in living areas — New carpet improves comfort and appearance ↑
• Resale Replace kitchen cabinets — Modern cabinets increase appeal and functionality ↑
• Resale Replace bathroom fixtures — Modern fixtures improve functionality and appearance ↑
• Both Landscaping and curb appeal — Landscaping enhances curb appeal and adds value ↑

ⓘ 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: Wicomico County Public Schools
• NCES district ID: 2400690
• Math proficiency: 16% ▼ -18.00%
• Reading proficiency: 26% ▼ -13.00%
• Median HH income: $51,745
• Composite: 18.87/100
• National rank: #8860
• State rank: #19 of 24 in MD

Livability — Hebron

• Score: 66/100
• State rank: #243
• US rank: #12011

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,001

Population outlook (Wicomico County) Hauer SSP2

• Today (2025): 108,548 people
• By 2030: 111,783 · +3.0%
• By 2040: 118,139 · +8.8%
• By 2050: 123,641 · +13.9%
• By 2075: 139,784 · +28.8%
• By 2100: 145,334 · +33.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 14% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Italian 2% Slovak 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Wicomico

• 2024 margin: Lean R (+5.5) · D 46.1% · R 51.5% · Other 2.4%
• 2008→2024 swing: +0.3pp no change · 2008: -5.8pp · 2024: -5.5pp
• All cycles: 2024: R+5.5 2020: R+1.9 2016: R+11.6 2012: R+6.9 2008: R+5.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.00%
• Current HPI: 243.8866
• 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

-14.5% since first listed

4 events — show timeline

• 2026-05-17 Price Changed $135,900 BRIGHT MLS
• 2026-03-26 Price Changed $143,000 BRIGHT MLS
• 2026-03-03 Price Changed $144,000 BRIGHT MLS
• 2026-02-13 Listed $159,000 BRIGHT MLS