7714 Walnut Ln · Mount Airy, MD 21771

$95,000

3 bd · 2.0 ba · 1,450 sqft · Manufactured · 193 Days on market

Built 1990 1,456 sqft lot $66/sqft · 79% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

Key facts

• Bathrooms remodeled
• Microwave installed
• Kitchen remodeled

Tags

• NEW ROOF
• KITCHEN REMODELED
• MICROWAVE INSTALLED
• NEW FLOORING
• BATHROOMS REMODELED
• WATER HEATER REPLACED

🏷️ Possibly a rental listed for sale. The $95,000 price doesn't fit this home's estimated sale value (~$451,834) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $95k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 27.2% vs local median 2.2% in Mount Airy — 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 72/100 on livability (#136 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A; Watch: amenities D-, commute F, cost of living F.
• Carroll County Public Schools (suburban): math 32% / reading 47% proficiency, ranked #2 of 24 in MD (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 116 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 156 units permitted in Carroll County in 2024 (12 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Carroll County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 193 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 28y ago; this cycle's ask has dropped $35k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $95k implies a 121% gain — meaningful room to come down on a strong offer.

Recommended offer $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 193 days. Have you received any prior offers? Is the seller open to a 12% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 3.08% ✓
• Cap rate: 27.23%
• Cash-on-cash: 74.77%
• DSCR: 4.33
• GRM: 2.7

CMA / ARV

• ARV (median comp): $451,834
• List price: $95,000
• Delta: -78.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 74.6%
• Equity multiple: 4.39×
• Total profit: $90,204
• Equity at exit: $14,165

10-year hold

• IRR: 78.4%
• Equity multiple: 9.07×
• Total profit: $214,645
• Equity at exit: $8,214

Cash invested: $26,600 (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 21771

• Active inventory: 116
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $2,929 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$615
• Net cashflow: $1,657

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 38%

Sensitivity live

Price	-10% $1,723	-5% $1,690	+0% $1,657	+5% $1,624	+10% $1,592
Rent	-10% $1,426	-5% $1,542	+0% $1,657	+5% $1,773	+10% $1,889
Rate	-1.0pp $1,705	-0.5pp $1,681	base $1,657	+0.5pp $1,633	+1.0pp $1,608

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1606 Trestle St Mount Airy, MD	3.0	2.5	1680	$2,500	$1.49	2d	1	0.98mi
701 N Warfield Dr Mount Airy, MD	4.0	2.0	1800	$3,495	$1.94	44d	1	1.21mi

Listing history 28 events

1. 2026-06-18
   days on market $95,000 Active 193 DOM
2. 2026-06-17
   days on market $95,000 Active 192 DOM
3. 2026-06-16
   days on market $95,000 Active 191 DOM
4. 2026-06-15
   days on market $95,000 Active 190 DOM
5. 2026-06-13
   days on market $95,000 Active 188 DOM
6. 2026-06-09
   days on market $95,000 Active 184 DOM
7. 2026-06-08
   days on market $95,000 Active 183 DOM
8. 2026-06-07
   days on market $95,000 Active 182 DOM
9. 2026-06-04
   days on market $95,000 Active 179 DOM
10. 2026-06-03
    days on market $95,000 Active 178 DOM
11. 2026-06-02
    days on market $95,000 Active 177 DOM
12. 2026-06-01
    days on market $95,000 Active 176 DOM
13. 2026-05-31
    days on market $95,000 Active 175 DOM
14. 2026-04-27
    price $95,000 958-char remark

    Show marketing remark (958 chars)

    Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

15. 2026-04-27
    status Active 958-char remark

    Show marketing remark (958 chars)

    Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

16. 2026-03-12
    historical Active Under Contract 958-char remark

    Show marketing remark (958 chars)

    Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

17. 2026-01-12
    price $100,000 958-char remark

    Show marketing remark (958 chars)

    Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

18. 2025-12-19
    price $120,000 958-char remark

    Show marketing remark (958 chars)

    Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

19. 2025-10-21
    listed $130,000 Active 958-char remark

    Show marketing remark (958 chars)

    Back on the market! Buyer got cold feet at the last minute—now it’s your opportunity! Welcome to this charming and cozy 3-bedroom, 2-bathroom mobile home in Pheasant Ridge, Mount Airy, MD! This home features numerous recent upgrades, including a new roof in 2023, kitchen remodeled in 2020, microwave installed in 2025, and new flooring in the living room and kitchen in 2025. Both bathrooms were remodeled in 2020, and the water heater was replaced in 2021. Enjoy outdoor living with a backyard deck added in 2025 and a shed with window AC installed in 2022. The ground rent includes water, making it an affordable and move-in ready opportunity. Don’t miss this well-maintained home with plenty of upgrades! The property is being sold AS-IS, however inspections are welcome for informational purposes. Ground rent is $1,110 per month and includes water, sewer, trash, and taxes. This is a mobile home, and the foundation is not permanent.

20. 2015-08-29
    historical 399-char remark

    Show marketing remark (399 chars)

    Renovated in 2010, This mobile home features all updated appli. Bathrooms have updated fixtures & hardware. New doors & wood trim. A wd burning FP, new electric furnace. A 2 car driveway, a deck, raised bed gardens & a large 12'x15' shed. Home is in a mobile home community and is on leased land. The land rent is $696 per month and includes water, sewage, trash, and snow removal.

21. 2015-08-28
    soldstatus $43,000 Sold 399-char remark

    Show marketing remark (399 chars)

    Renovated in 2010, This mobile home features all updated appli. Bathrooms have updated fixtures & hardware. New doors & wood trim. A wd burning FP, new electric furnace. A 2 car driveway, a deck, raised bed gardens & a large 12'x15' shed. Home is in a mobile home community and is on leased land. The land rent is $696 per month and includes water, sewage, trash, and snow removal.

22. 2015-08-28
    soldstatus $43,000

    Show marketing remark (399 chars)

    Renovated in 2010, This mobile home features all updated appli. Bathrooms have updated fixtures & hardware. New doors & wood trim. A wd burning FP, new electric furnace. A 2 car driveway, a deck, raised bed gardens & a large 12'x15' shed. Home is in a mobile home community and is on leased land. The land rent is $696 per month and includes water, sewage, trash, and snow removal.

23. 2015-06-27
    price $45,000 399-char remark

    Show marketing remark (399 chars)

    Renovated in 2010, This mobile home features all updated appli. Bathrooms have updated fixtures & hardware. New doors & wood trim. A wd burning FP, new electric furnace. A 2 car driveway, a deck, raised bed gardens & a large 12'x15' shed. Home is in a mobile home community and is on leased land. The land rent is $696 per month and includes water, sewage, trash, and snow removal.

24. 2015-05-28
    price $50,000 399-char remark

    Show marketing remark (399 chars)

    Renovated in 2010, This mobile home features all updated appli. Bathrooms have updated fixtures & hardware. New doors & wood trim. A wd burning FP, new electric furnace. A 2 car driveway, a deck, raised bed gardens & a large 12'x15' shed. Home is in a mobile home community and is on leased land. The land rent is $696 per month and includes water, sewage, trash, and snow removal.

25. 2015-05-03
    listed $55,000 Active 399-char remark

    Show marketing remark (399 chars)

    Renovated in 2010, This mobile home features all updated appli. Bathrooms have updated fixtures & hardware. New doors & wood trim. A wd burning FP, new electric furnace. A 2 car driveway, a deck, raised bed gardens & a large 12'x15' shed. Home is in a mobile home community and is on leased land. The land rent is $696 per month and includes water, sewage, trash, and snow removal.

26. 1998-06-29
    soldstatus $31,368
27. 1998-06-11
    historical
28. 1998-05-27
    listed $33,000

ⓘ 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: $35,147
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$2,812
• − Management: −$2,812
• − Depreciation: −$2,764
• Taxable income: $19,538
• Est. tax owed @ 24.0%: −$4,689
• After-tax cash flow: $15,198/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: Carroll County Public Schools
• NCES district ID: 2400210
• Math proficiency: 32% ▼ -25.00%
• Reading proficiency: 47% ▼ -16.00%
• Median HH income: $84,594
• Composite: 37.33/100
• National rank: #4441
• State rank: #2 of 24 in MD

Livability — Mount Airy

• Score: 72/100
• State rank: #136
• US rank: #5825

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 32,827

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 169,677 people
• By 2030: 169,605 · +-0.0%
• By 2040: 166,205 · -2.0%
• By 2050: 158,312 · -6.7%
• By 2075: 143,013 · -15.7%
• By 2100: 122,431 · -27.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 9% Two or more races 5% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 7% Italian 3% Slovak 2%
• Foreign-born: 9% · Canada, South Korea, Jamaica
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% Korean 1%

Political lean MEDSL · Carroll

• 2024 margin: Strong R (+24.9) · D 36.2% · R 61.2% · Other 2.6%
• 2008→2024 swing: +6.2pp toward D · 2008: -31.2pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+23.7 2016: R+36.9 2012: R+34.0 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -217.07%
• Current HPI: 293.3461
• 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

+187.9% since first listed

15 events — show timeline

• 2026-04-27 Price Changed $95,000 BRIGHT MLS
• 2026-04-27 Relisted — BRIGHT MLS
• 2026-03-12 Contingent — BRIGHT MLS
• 2026-01-12 Price Changed $100,000 BRIGHT MLS
• 2025-12-19 Price Changed $120,000 BRIGHT MLS
• 2025-10-21 Listed $130,000 BRIGHT MLS
• 2015-08-29 Delisted — MRIS
• 2015-08-28 Sold (MLS) $43,000 BRIGHT MLS
• 2015-08-28 Sold (MLS) $43,000 MRIS
• 2015-06-27 Price Changed $45,000 MRIS
• 2015-05-28 Price Changed $50,000 MRIS
• 2015-05-03 Listed $55,000 MRIS
• 1998-06-29 Sold (MLS) $31,368 MRIS
• 1998-06-11 Delisted — MRIS
• 1998-05-27 Listed $33,000 MRIS