1216 Janet Dr · Edgewood, MD 21040

$40,000

2 bd · 1.0 ba · 980 sqft · SingleFamily · 120 Days on market

Built 1981 Good condition $41/sqft · 21% below area Est $51k · 21% under $752/mo HOA · 46% of rent

---

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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.5/10.0
• Appreciation +0.0/10.0

Listing remarks

🏡 Charming Mobile Home in Harford Village – Edgewood, MD Welcome to this well-maintained mobile home located in the desirable Harford Village community! This cozy property features: 🛏️ 2 Bedrooms 🛁 1 Full Bathroom 🍽️ Spacious Kitchen 🛋️ Comfortable Living Room 🧺 Laundry Area The home offers an open layout with great natural light, a functional floor plan, and updated flooring throughout the main living areas. The kitchen flows nicely into the dining space, perfect for everyday living and entertaining. Conveniently located near shopping, dining, and major routes, making commuting easy.

Key facts

• Community pool
• Built 1981
• Listed 119 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $265 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $36k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 5.6% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities D, crime F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Old Post Road Elementary (math 7% / reading 9%, grade F, #674 of 860 statewide, top 79%, 842 students, 80% FRL); Edgewood Middle (math 7% / reading 31%, grade F, #155 of 225 statewide, top 70%, 999 students, 72% FRL); Edgewood High (math 43% / reading 54%, grade D, #111 of 222 statewide, top 50%, 1,415 students, 62% FRL) — zoned schools average 71% FRL vs 24% district-wide (47 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.9%/yr); 138 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $277 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $11k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($36k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 46% of rent.

Recommended offer $36,400 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 4.09% ✓
• Cap rate: 14.26%
• Cash-on-cash: 28.44%
• DSCR: 2.27
• GRM: 2.0

CMA / ARV

• ARV (median comp): $50,574
• List price: $40,000
• Delta: -20.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1944 Chipper Dr	0.07mi	2/1.0	980 (0%)	1mo	$33,500	$34	96
1919 Chipper Dr	0.02mi	2/2.0	980 (0%)	3mo	$66,000	$67	92
1911 Chipper Dr	0.04mi	2/1.0	980 (0%)	15mo	$27,000	$28	86
1835 Steven Dr	0.11mi	2/1.0	975 (-0%)	12mo	$44,000	$45	84
1922 Steven Dr	0.06mi	2/1.5	980 (0%)	18mo	$10,000	$10	80
1833 Steven Dr	0.12mi	2/1.0	980 (0%)	18mo	$65,000	$66	80
1944 Chipper Dr	0.07mi	2/1.0	980 (0%)	23mo	$59,000	$60	78
1214 Janet	0.01mi	3/2.0 (+1)	980 (0%)	16mo	$60,000	$61	77
1985 Chipper Dr	0.20mi	2/1.0	900 (-8%)	17mo	$24,000	$27	63
1957 Melvin Dr	0.23mi	3/2.0 (+1)	910 (-7%)	11mo	$61,000	$67	59
1812 Steven Dr	0.18mi	3/2.0 (+1)	1,056 (+8%)	14mo	$72,000	$68	58
1802 Sandee Ct	0.16mi	3/2.0 (+1)	904 (-8%)	16mo	$25,000	$28	58

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 28.4%
• Equity multiple: 2.26×
• Total profit: $14,137
• Equity at exit: $5,964

10-year hold

• IRR: 38.5%
• Equity multiple: 5.45×
• Total profit: $49,821
• Equity at exit: $3,458

Cash invested: $11,200 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 7 active · 3 under contract
• Months of supply: 8.4 mo (12%/mo absorbed)
• Median asking: $49,000 ($47/sqft)
• Median days on market: 24 d
• This list price: 29% of active listings are priced below it
• ARV vs active asking: +9.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 138
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,638 high
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$752
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $265

Break-even live

Break-even rent $1,302

Max offer price $40,000

Occupancy floor 79%

Sensitivity live

Price	-10% $293	-5% $279	+0% $265	+5% $252	+10% $238
Rent	-10% $136	-5% $201	+0% $265	+5% $330	+10% $395
Rate	-1.0pp $286	-0.5pp $276	base $265	+0.5pp $255	+1.0pp $245

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: $10,000
• Closing costs: $1,200
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1772 Judy Way Edgewood, MD	3.0	1.5	1040	$2,195	$2.11	93d	1	0.41mi
905 Swallow Crest Ct Unit E Edgewood, MD	2.0	1.0	990	$1,495	$1.51	93d	1	0.57mi
1703 Fountain Rock Way Unit 1703-B Edgewood, MD	2.0	1.0	882	$1,250	$1.42	73d	1	0.64mi
814 Windstream Way Unit 814-A Edgewood, MD	1.0	1.0	882	$1,200	$1.36	93d	1	0.86mi
802 Kingston Ct Edgewood, MD	1.0–3.0	1.0–1.5	1007	$1,646	$1.63	9d	20	0.99mi
570 Meadowood Dr Edgewood, MD	2.0–3.0	1.0–1.5	990	$1,100	$1.11	9d	4	1.11mi
404 Liberty Ct Edgewood, MD	3.0	2.0	1008	$1,950	$1.93	42d	1	1.18mi

Property features AI

Finance

• Other: No additional amenity details available
• Financial info: Financial details not provided
• HOA & community: HOA and community details not provided

Exterior

• Parking: Parking details not provided
• Security: Security details not provided
• Utilities: Utility details not provided
• Home design: Home design details not provided
• Construction: Construction details not provided
• Exterior features: Exterior feature details not provided

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Bedroom details not provided
• Flooring: Flooring details not provided
• Bathrooms: Bathroom details not provided
• Heating & cooling: Heating and cooling details not provided
• Interior features: No interior feature details available
• Laundry & utility: Laundry and utility details not provided

Listing history 50 events

1. 2026-08-08
   days on market $40,000 Active 120 DOM
2. 2026-08-06
   days on market $40,000 Active 118 DOM
3. 2026-08-05
   days on market $40,000 Active 117 DOM
4. 2026-08-04
   days on market $40,000 Active 116 DOM
5. 2026-08-03
   days on market $40,000 Active 115 DOM
6. 2026-07-31
   days on market $40,000 Active 112 DOM
7. 2026-07-30
   days on market $40,000 Active 110 DOM
8. 2026-07-28
   days on market $40,000 Active 109 DOM
9. 2026-07-26
   days on market $40,000 Active 107 DOM
10. 2026-07-24
    days on market $40,000 Active 105 DOM
11. 2026-07-23
    days on market $40,000 Active 104 DOM
12. 2026-07-22
    days on market $40,000 Active 103 DOM
13. 2026-07-21
    days on market $40,000 Active 102 DOM
14. 2026-07-20
    days on market $40,000 Active 101 DOM
15. 2026-07-18
    days on market $40,000 Active 99 DOM
16. 2026-07-18
    days on market $40,000 Active 98 DOM
17. 2026-07-16
    days on market $40,000 Active 97 DOM
18. 2026-07-15
    days on market $40,000 Active 96 DOM
19. 2026-07-14
    days on market $40,000 Active 95 DOM
20. 2026-07-13
    days on market $40,000 Active 94 DOM
21. 2026-07-13
    days on market $40,000 Active 93 DOM
22. 2026-07-11
    days on market $40,000 Active 92 DOM
23. 2026-07-10
    days on market $40,000 Active 91 DOM
24. 2026-07-09
    days on market $40,000 Active 90 DOM
25. 2026-07-07
    days on market $40,000 Active 88 DOM
26. 2026-07-06
    days on market $40,000 Active 87 DOM
27. 2026-07-05
    days on market $40,000 Active 86 DOM
28. 2026-07-03
    days on market $40,000 Active 84 DOM
29. 2026-07-02
    days on market $40,000 Active 83 DOM
30. 2026-07-01
    days on market $40,000 Active 82 DOM
31. 2026-06-30
    days on market $40,000 Active 81 DOM
32. 2026-06-29
    days on market $40,000 Active 80 DOM
33. 2026-06-28
    days on market $40,000 Active 79 DOM
34. 2026-06-27
    days on market $40,000 Active 78 DOM
35. 2026-06-26
    days on market $40,000 Active 77 DOM
36. 2026-06-24
    days on market $40,000 Active 75 DOM
37. 2026-06-22
    days on market $40,000 Active 73 DOM
38. 2026-06-21
    days on market $40,000 Active 72 DOM
39. 2026-06-18
    days on market $40,000 Active 69 DOM
40. 2026-06-17
    days on market $40,000 Active 68 DOM
41. 2026-06-16
    days on market $40,000 Active 67 DOM
42. 2026-06-15
    days on market $40,000 Active 66 DOM
43. 2026-06-13
    days on market $40,000 Active 64 DOM
44. 2026-06-09
    days on market $40,000 Active 60 DOM
45. 2026-06-08
    days on market $40,000 Active 59 DOM
46. 2026-06-07
    days on market $40,000 Active 58 DOM
47. 2026-06-04
    days on market $40,000 Active 55 DOM
48. 2026-06-03
    days on market $40,000 Active 54 DOM
49. 2026-06-02
    days on market $40,000 Active 53 DOM
50. 2026-06-01
    days on market $40,000 Active 52 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: $19,654
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,572
• − Management: −$1,572
• − HOA: −$9,024
• − Depreciation: −$1,164
• Taxable income: $3,281
• Est. tax owed @ 24.0%: −$787
• After-tax cash flow: $2,398/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 · 3 photos

Good 75/100 Cosmetic rehab Est. rehab $4,900–$14,700 screening

This charming mobile home in Edgewood, MD is well-maintained and ready for a new owner. It features updated flooring, modern appliances, and fresh paint, making it move-in ready.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more potential buyers or renters. ↑
• Both Upgrading light fixtures — Modernizes the space and improves energy efficiency. ↑
• Both Adding smart home features — Enhances convenience and can increase property value in the future. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 25/100

Zoned Schools

Elementary Old Post Road Elementary F MD #674/860 Nat'l #39,822/41,679 Middle Edgewood Middle F MD #155/225 Nat'l #11,948/14,009 High Edgewood High D MD #111/222 Nat'l #6,127/17,239

Schools (NCES district)

• District: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

B Composite livability gradescore 73/100

Livability — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 262,292 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 16% of renters

---

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

---

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• 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

Property features AI

Finance

• Other: No additional amenity details available
• Financial info: Financial details not provided
• HOA & community: HOA and community details not provided

Exterior

• Parking: Parking details not provided
• Security: Security details not provided
• Utilities: Utility details not provided
• Home design: Home design details not provided
• Construction: Construction details not provided
• Exterior features: Exterior feature details not provided

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Bedroom details not provided
• Flooring: Flooring details not provided
• Bathrooms: Bathroom details not provided
• Heating & cooling: Heating and cooling details not provided
• Interior features: No interior feature details available
• Laundry & utility: Laundry and utility details not provided

Price history

1 event — show timeline

• 2026-04-10 Listed $40,000 BRIGHT MLS