6534 Deep Run Pkwy · Ilchester, MD 21075

$150,000

3 bd · 2.0 ba · 1,790 sqft · SingleFamily · 14 Days on market

Built 2007 Good 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
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover this charming 3-bedroom, 2-bathroom manufactured home located in the desirable Deep Run Park community. Built in 2007, this single-wide home features a durable frame construction with vinyl siding, ensuring both comfort and low maintenance. The open layout maximizes space, making it perfect for relaxation and entertaining. Deep Run Park offers a welcoming neighborhood atmosphere, ideal for those seeking a sense of community. Residents enjoy easy access to local parks, providing ample opportunities for outdoor activities and leisure. The area is well-served by public services, ensuring convenience and accessibility for all. The community is also conveniently located near shopping ce

Key facts

• Dedicated driveway
• Open layout
• Vinyl siding

Tags

• DURABLE FRAME CONSTRUCTION
• VINYL SIDING
• OPEN LAYOUT
• DEDICATED DRIVEWAY
• EASY ACCESS TO LOCAL PARKS

Property features AI

Finance

• Other: Ownership interest: ground rent
• Financial info: Ground rent billed monthly (annual total available)
• HOA & community:

Exterior

• Parking: Driveway
• Security:
• Utilities: Public sewer; Electric utilities
• Home design: Manufactured single-wide home; Above-grade living area (estimated)
• Construction: Frame and modular/manufactured construction with vinyl siding; Shingle roof; Above-grade structures
• Exterior features: Ground rent applies (monthly payment of $1,165)

Interior

• Kitchen:
• Bedrooms: Three bedrooms on the main level
• Flooring:
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Estimated living area; No basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $150k).
• Cap rate 17.5% vs local median 2.7% in Ilchester — 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 64/100 on livability (#269 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: schools D+, amenities F, commute 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.
• Market conditions: Rents flat; 125 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $1k 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 + 0.8% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $150,000

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. 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?
3. 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.
4. 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.
5. 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: 2.06% ✓
• Cap rate: 17.51%
• Cash-on-cash: 40.06%
• DSCR: 2.78
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $513,730
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8020 Glasgow Ave	0.13mi	3/2.0	1,792 (+0%)	7mo	$106,900	$60	88
7875 Butterfield Dr	0.27mi	4/2.0 (+1)	1,756 (-2%)	3mo	$320,000	$182	77
8012 Roland Ct SW	0.17mi	4/3.0 (+1)	1,772 (-1%)	10mo	$580,000	$327	73
6518 Vert Dr	0.16mi	3/2.0	2,016 (+13%)	11mo	$87,000	$43	62
7843 Milkshed Pl	0.39mi	3/2.0	1,778 (-1%)	24mo	$510,000	$287	61
7817 Windrow Ct	0.27mi	3/2.5	1,908 (+7%)	23mo	$560,000	$294	56
7862 Butterfield Dr	0.32mi	3/2.0	1,560 (-13%)	16mo	$470,000	$301	51
7805 Windrow Ct	0.30mi	3/2.5	1,560 (-13%)	23mo	$500,000	$321	43
8117 Woodloo Dr	0.61mi	4/3.5 (+1)	1,984 (+11%)	12mo	$470,000	$237	32

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 · 0.8% rent growth · sell at horizon

5-year hold

• IRR: 33.9%
• Equity multiple: 2.39×
• Total profit: $58,352
• Equity at exit: $22,365

10-year hold

• IRR: 39.6%
• Equity multiple: 4.33×
• Total profit: $139,734
• Equity at exit: $12,969

Cash invested: $42,000 (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 21075

• Home prices YoY: -30.6%
• Rents YoY: 0.8%
• Active inventory: 125
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $3,087 high
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$648
• Net cashflow: $1,402

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 50%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8110 Casey Ct Elkridge, MD	4.0	3.5	1920	$3,204	$1.67	43d	1	0.22mi
6731 Old Waterloo Rd Elkridge, MD	1.0–3.0	1.0–2.0	1025	$2,583	$2.52	1d	62	0.42mi
8894 Purple Iris Ln Elkridge, MD	4.0	3.5	2592	$3,500	$1.35	14d	1	0.74mi
7112 Silverleaf Oak Rd #169 Elkridge, MD	3.0	2.5	1952	$2,850	$1.46	4d	1	0.85mi
7123 Silverleaf Oak Rd #220 Elkridge, MD	2.0	2.5	1944	$3,000	$1.54	17d	1	0.87mi
6223 Wild Swan Way Columbia, MD	3.0	2.0	1387	$2,600	$1.87	43d	1	0.92mi
7324 Willow Glen Way Elkridge, MD	4.0	3.5	1999	$3,250	$1.63	17d	1	1.00mi
7660 Bluff Point Ln Elkridge, MD	2.0	2.0	1904	$2,800	$1.47	4d	1	1.02mi
8016 Blue Stream Dr Elkridge, MD	3.0	3.5	2420	$3,600	$1.49	14d	1	1.02mi
7642 Bluff Point Ln Elkridge, MD	3.0	3.0	1534	$2,750	$1.79	20d	1	1.03mi
7642 Bluff Point Ln Elkridge, MD	3.0	2.5	1534	$2,990	$1.95	43d	1	1.03mi
7201 Old Friendship Way Elkridge, MD	3.0	2.5	1468	$3,500	$2.38	43d	1	1.05mi
6081 Otterbein Ln Ellicott City, MD	1.0–3.0	1.0–2.0	1066	$3,426	$3.21	1d	32	1.05mi
7807 Edmunds Way Elkridge, MD	3.0	2.5	1790	$2,900	$1.62	43d	1	1.07mi
8001 Alchemy Way Elkridge, MD	4.0	3.5	2251	$3,500	$1.55	23d	1	1.08mi
7118 Penny Ln Elkridge, MD	3.0	3.0	1424	$2,900	$2.04	43d	1	1.14mi
7730 Dagny Way Elkridge, MD	3.0	2.5	2392	$3,295	$1.38	2d	1	1.16mi
7726 Dagny Way Elkridge, MD	4.0	3.5	2376	$3,500	$1.47	19d	1	1.16mi
8371 Silver Trumpet Dr Columbia, MD	2.0	2.5	1426	$2,800	$1.96	43d	1	1.17mi
7932 Pettigrew St Elkridge, MD	4.0	3.5	2000	$3,400	$1.70	43d	1	1.17mi
7810 Quidditch Ln Elkridge, MD	4.0	3.5	2018	$3,500	$1.73	43d	1	1.20mi
6135 Honeycomb Gate Columbia, MD	4.0	3.5	2280	$3,000	$1.32	12d	1	1.21mi
7821 Taggart Ct Elkridge, MD	4.0	3.5	2400	$3,500	$1.46	4d	1	1.22mi
7449 Singers Way Elkridge, MD	4.0	3.5	2140	$3,400	$1.59	17d	1	1.24mi
7212 Yesterday Ln Elkridge, MD	3.0	3.5	1960	$3,200	$1.63	16d	1	1.24mi
7473 Singers Way Elkridge, MD	4.0	3.5	1960	$3,200	$1.63	20d	1	1.25mi
7435 Singers Way Elkridge, MD	3.0	2.5	1960	$2,995	$1.53	21d	1	1.25mi
7691 Mandrake Ct Elkridge, MD	1.0–2.0	1.0–2.0	1131	$3,399	$3.01	2d	24	1.26mi
7511 Garcia Pl Elkridge, MD	3.0	2.5	1734	$2,995	$1.73	21d	1	1.26mi
7549 Hearthside Way Elkridge, MD	3.0	2.5	1780	$3,000	$1.69	23d	1	1.29mi
7543 Hearthside Way Elkridge, MD	3.0	2.5	1780	$3,195	$1.79	21d	1	1.29mi
5971 Millrace Ct Unit E102 Columbia, MD	3.0	2.0	1299	$2,700	$2.08	43d	1	1.38mi
8346 Lincoln Dr Jessup, MD	4.0	3.5	2112	$3,200	$1.52	11d	1	1.46mi
7952 Brightlight Pl Ellicott City, MD	3.0	2.5	1594	$2,900	$1.82	14d	1	1.50mi

Listing history 9 events

1. 2026-06-18
   days on market $150,000 Active 14 DOM
2. 2026-06-17
   days on market $150,000 Active 13 DOM
3. 2026-06-16
   days on market $150,000 Active 12 DOM
4. 2026-06-15
   days on market $150,000 Active 11 DOM
5. 2026-06-13
   days on market $150,000 Active 9 DOM
6. 2026-06-09
   days on market $150,000 Active 5 DOM
7. 2026-06-08
   days on market $150,000 Active 4 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $150,000 Active 3 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: $37,043
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$2,963
• − Management: −$2,963
• − Depreciation: −$4,364
• Taxable income: $15,350
• Est. tax owed @ 24.0%: −$3,684
• After-tax cash flow: $13,141/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 · 13 photos

Good 80/100 None rehab

This 3-bedroom, 1-bathroom manufactured home in Deep Run Park is in good condition with a good condition score of 80. It has a good kitchen, good bathroom, and good exterior. The home is move-in ready and has good curb appeal.

Value-add opportunities

• Resale Paint the exterior walls — Painting the exterior walls can enhance the curb appeal and make the home look more inviting to potential buyers.
• Rental Clean the windows — Clean windows can improve the home's appearance and make it more attractive to potential renters.
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system is essential for both resale and rental value, as it ensures the home is comfortable and energy-efficient.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior walls — Painting the exterior walls can enhance the curb appeal and make the home look more inviting to potential buyers. ↑
• Rental Clean the windows — Clean windows can improve the home's appearance and make it more attractive to potential renters. ↑
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system is essential for both resale and rental value, as it ensures the home is comfortable and energy-efficient. ↑

ⓘ 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: 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 — Ilchester

• Score: 64/100
• State rank: #269
• US rank: #13652

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ilchester, MD
• County: Howard County · 282,651 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 37,363
• Household income: $135,303
• Rent vs Own: 35.9% rent · 64.1% own
• Severe rent burden: 1346.0

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 0.73)
• Race & ethnicity: White 39% Black 26% Asian 20% Hispanic / Latino 11% Two or more races 9%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 24% · Canada, China, South Korea
• Languages at home: 73% English-only · Spanish 7% Other Indo-European 5% Other Asian/Pacific 4%

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: ▼ -117.78%
• Current HPI: 267.5936
• Rent YoY: ▲ 0.80%
• 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

1 event — show timeline

• 2026-06-04 Listed $150,000 BRIGHT MLS