22139 Royal Oak Rd · Tyaskin, MD 21856

$219,000

3 bd · 2.0 ba · 1,584 sqft · Manufactured public records · 89 Days on market

Built 2000 3.09 ac lot $138/sqft · 32% above area Est $166k · 32% over

---

Why this score? — see what drove the C 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 +26.4/30.0
• DSCR +9.0/10.0
• Appreciation +7.6/10.0
• 1% rule +5.9/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Looking for some Peace and Quiet!!! 22139 Royal Oak Rd might just be the ticket!!! Located on over 3 acres this well-maintained manufactured home sits just minutes from the Wetipquin Boat Ramp, Sandy Hill Campground and Cedar Hill Marina and Park! From these boat launch points you can be in the Chesapeake Bay or its tributaries in just minutes!! This 3 Bedroom 2 Bath gem features anopen concept, with large living room and a Wood burning fireplace. The Kitchen set-up is ample for day-to-day activities. . On One End of the home, you'll find a large Owners Suite with Bath while the other two bedroom and second bath are on the opposite end of the home creating a level of privacy and separation for the occupants. But that's just the beginning!!! There is an oversized enclosed Sunroom area complete with it's own refrigerator and countertops. Great for indoor entertaining or just taking in the scenic backdrop! From there you will find a fabulous outdoor deck! Large enough for Outdoor Entertaining while you take in those same calming views. The three acres have paths cut through them for easy navigation as well. Add in the two Outbuildings, one with shelving and workbenches already installed. Perfect for all your work and play gear. Want a Piece of the Bay Life without breaking the bank??? Look no further!!!

Key facts

• Over 3 acres
• Outdoor deck
• Two outbuildings

Tags

• OVER 3 ACRES
• LARGE OWNERS SUITE
• OVERSIZED ENCLOSED SUNROOM
• OUTDOOR DECK
• TWO OUTBUILDINGS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $219k.

Deal economics

• At list price, monthly cash flow is $571 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $219k).
• Recommended offer: $206k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 52/100 on livability (#439 in MD) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime A, cost of living B; Watch: schools D-, amenities F, commute 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: 11 active listings in the ZIP; 278 units permitted in Wicomico County in 2024 (44 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($2k loan paydown + $11k appreciation (5.1% local appreciation)).
• Wicomico County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.1% appreciation + 3.0% rent growth), your $61k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($206k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $16k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% 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 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?
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: 1.09% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.17%
• DSCR: 1.50
• GRM: 7.6

CMA / ARV

• ARV (median comp): $166,330
• List price: $219,000
• Delta: 31.67%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

5.1% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.7%
• Equity multiple: 2.44×
• Total profit: $88,008
• Equity at exit: $125,442

10-year hold

• IRR: 22.1%
• Equity multiple: 4.81×
• Total profit: $233,914
• Equity at exit: $217,610

Cash invested: $61,320 (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 21856

• Home prices YoY: 2.4%
• Active inventory: 11
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,391 medium
• Mortgage (P&I): −$1,148
• Tax from tax record: −$78 /mo · $937/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $571

Break-even live

Break-even rent $1,668

Max offer price $219,000

Occupancy floor 71%

Sensitivity live

Price	-10% $695	-5% $633	+0% $571	+5% $509	+10% $447
Rent	-10% $382	-5% $476	+0% $571	+5% $665	+10% $760
Rate	-1.0pp $681	-0.5pp $627	base $571	+0.5pp $514	+1.0pp $456

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $219,000 Active 89 DOM
2. 2026-06-18
   days on market $219,000 Active 86 DOM
3. 2026-06-17
   days on market $219,000 Active 85 DOM
4. 2026-06-16
   days on market $219,000 Active 84 DOM
5. 2026-06-15
   days on market $219,000 Active 83 DOM
6. 2026-06-14
   days on market $219,000 Active 81 DOM
7. 2026-06-13
   days on market $219,000 Active 80 DOM
8. 2026-06-10
   days on market $219,000 Active 78 DOM
9. 2026-06-09
   days on market $219,000 Active 77 DOM
10. 2026-06-09
    price $219,000 Active 76 DOM
11. 2026-06-08
    days on market $224,000 Active 76 DOM
12. 2026-06-07
    days on market $224,000 Active 75 DOM
13. 2026-06-03
    days on market $224,000 Active 71 DOM
14. 2026-06-02
    days on market $224,000 Active 70 DOM
15. 2026-06-01
    days on market $224,000 Active 69 DOM
16. 2026-05-31
    days on market $224,000 Active 68 DOM
17. 2026-05-30
    days on market $224,000 Active 67 DOM
18. 2026-05-11
    price $226,000 1324-char remark

    Show marketing remark (1324 chars)

    Looking for some Peace and Quiet!!! 22139 Royal Oak Rd might just be the ticket!!! Located on over 3 acres this well-maintained manufactured home sits just minutes from the Wetipquin Boat Ramp, Sandy Hill Campground and Cedar Hill Marina and Park! From these boat launch points you can be in the Chesapeake Bay or its tributaries in just minutes!! This 3 Bedroom 2 Bath gem features anopen concept, with large living room and a Wood burning fireplace. The Kitchen set-up is ample for day-to-day activities. . On One End of the home, you'll find a large Owners Suite with Bath while the other two bedroom and second bath are on the opposite end of the home creating a level of privacy and separation for the occupants. But that's just the beginning!!! There is an oversized enclosed Sunroom area complete with it's own refrigerator and countertops. Great for indoor entertaining or just taking in the scenic backdrop! From there you will find a fabulous outdoor deck! Large enough for Outdoor Entertaining while you take in those same calming views. The three acres have paths cut through them for easy navigation as well. Add in the two Outbuildings, one with shelving and workbenches already installed. Perfect for all your work and play gear. Want a Piece of the Bay Life without breaking the bank??? Look no further!!!

19. 2026-04-20
    price $227,000 1324-char remark

    Show marketing remark (1324 chars)

    Looking for some Peace and Quiet!!! 22139 Royal Oak Rd might just be the ticket!!! Located on over 3 acres this well-maintained manufactured home sits just minutes from the Wetipquin Boat Ramp, Sandy Hill Campground and Cedar Hill Marina and Park! From these boat launch points you can be in the Chesapeake Bay or its tributaries in just minutes!! This 3 Bedroom 2 Bath gem features anopen concept, with large living room and a Wood burning fireplace. The Kitchen set-up is ample for day-to-day activities. . On One End of the home, you'll find a large Owners Suite with Bath while the other two bedroom and second bath are on the opposite end of the home creating a level of privacy and separation for the occupants. But that's just the beginning!!! There is an oversized enclosed Sunroom area complete with it's own refrigerator and countertops. Great for indoor entertaining or just taking in the scenic backdrop! From there you will find a fabulous outdoor deck! Large enough for Outdoor Entertaining while you take in those same calming views. The three acres have paths cut through them for easy navigation as well. Add in the two Outbuildings, one with shelving and workbenches already installed. Perfect for all your work and play gear. Want a Piece of the Bay Life without breaking the bank??? Look no further!!!

20. 2026-04-07
    price $232,500 1324-char remark

    Show marketing remark (1324 chars)

    Looking for some Peace and Quiet!!! 22139 Royal Oak Rd might just be the ticket!!! Located on over 3 acres this well-maintained manufactured home sits just minutes from the Wetipquin Boat Ramp, Sandy Hill Campground and Cedar Hill Marina and Park! From these boat launch points you can be in the Chesapeake Bay or its tributaries in just minutes!! This 3 Bedroom 2 Bath gem features anopen concept, with large living room and a Wood burning fireplace. The Kitchen set-up is ample for day-to-day activities. . On One End of the home, you'll find a large Owners Suite with Bath while the other two bedroom and second bath are on the opposite end of the home creating a level of privacy and separation for the occupants. But that's just the beginning!!! There is an oversized enclosed Sunroom area complete with it's own refrigerator and countertops. Great for indoor entertaining or just taking in the scenic backdrop! From there you will find a fabulous outdoor deck! Large enough for Outdoor Entertaining while you take in those same calming views. The three acres have paths cut through them for easy navigation as well. Add in the two Outbuildings, one with shelving and workbenches already installed. Perfect for all your work and play gear. Want a Piece of the Bay Life without breaking the bank??? Look no further!!!

21. 2026-03-24
    listed $235,000 Active 1324-char remark

    Show marketing remark (1324 chars)

    Looking for some Peace and Quiet!!! 22139 Royal Oak Rd might just be the ticket!!! Located on over 3 acres this well-maintained manufactured home sits just minutes from the Wetipquin Boat Ramp, Sandy Hill Campground and Cedar Hill Marina and Park! From these boat launch points you can be in the Chesapeake Bay or its tributaries in just minutes!! This 3 Bedroom 2 Bath gem features anopen concept, with large living room and a Wood burning fireplace. The Kitchen set-up is ample for day-to-day activities. . On One End of the home, you'll find a large Owners Suite with Bath while the other two bedroom and second bath are on the opposite end of the home creating a level of privacy and separation for the occupants. But that's just the beginning!!! There is an oversized enclosed Sunroom area complete with it's own refrigerator and countertops. Great for indoor entertaining or just taking in the scenic backdrop! From there you will find a fabulous outdoor deck! Large enough for Outdoor Entertaining while you take in those same calming views. The three acres have paths cut through them for easy navigation as well. Add in the two Outbuildings, one with shelving and workbenches already installed. Perfect for all your work and play gear. Want a Piece of the Bay Life without breaking the bank??? Look no further!!!

22. 2025-09-09
    soldstatus $210,000
23. 2025-08-29
    soldstatus $210,000 Closed 1431-char remark

    Show marketing remark (1431 chars)

    Deal of the Season! Get ready to pack your bags and settle into this fully furnished getaway property. Not only is it move-in ready, but it also comes with all the essentials—including a lawn mower, yard tools, and even fishing gear! Lovingly maintained and in excellent condition, this manufactured home is situated on a picturesque 3-acre lot. Inside, you'll find three bedrooms and two bathrooms. The spacious Primary Bedroom features a shower and soaking tub, conveniently located at one end of the home. Meanwhile, two additional bedrooms and a second bathroom are on the opposite end. Connecting these spaces is a large, open-concept kitchen and living room, complete with a cozy wood-burning fireplace. A standout feature of this property is the 500-square-foot addition, offering a generous dining and living area with stunning views. This space also includes a “serving bar” equipped with rows of cabinets and a durable laminate countertop—perfect for cooking, entertaining, or serving meals. Located just 5 minutes from Wetipquin Park—with its boat ramp and fantastic fishing opportunities—you’ll have endless outdoor adventures at your fingertips. Cedar Hill Park & Marina and Tyaskin Park are also nearby, ensuring you'll never run out of places to explore. This is truly the retreat you’ve been searching for, so don’t wait—schedule your showing TODAY!

24. 2025-07-12
    status Pending 1431-char remark

    Show marketing remark (1431 chars)

    Deal of the Season! Get ready to pack your bags and settle into this fully furnished getaway property. Not only is it move-in ready, but it also comes with all the essentials—including a lawn mower, yard tools, and even fishing gear! Lovingly maintained and in excellent condition, this manufactured home is situated on a picturesque 3-acre lot. Inside, you'll find three bedrooms and two bathrooms. The spacious Primary Bedroom features a shower and soaking tub, conveniently located at one end of the home. Meanwhile, two additional bedrooms and a second bathroom are on the opposite end. Connecting these spaces is a large, open-concept kitchen and living room, complete with a cozy wood-burning fireplace. A standout feature of this property is the 500-square-foot addition, offering a generous dining and living area with stunning views. This space also includes a “serving bar” equipped with rows of cabinets and a durable laminate countertop—perfect for cooking, entertaining, or serving meals. Located just 5 minutes from Wetipquin Park—with its boat ramp and fantastic fishing opportunities—you’ll have endless outdoor adventures at your fingertips. Cedar Hill Park & Marina and Tyaskin Park are also nearby, ensuring you'll never run out of places to explore. This is truly the retreat you’ve been searching for, so don’t wait—schedule your showing TODAY!

25. 2025-03-31
    listed $225,000 Active 1431-char remark

    Show marketing remark (1431 chars)

    Deal of the Season! Get ready to pack your bags and settle into this fully furnished getaway property. Not only is it move-in ready, but it also comes with all the essentials—including a lawn mower, yard tools, and even fishing gear! Lovingly maintained and in excellent condition, this manufactured home is situated on a picturesque 3-acre lot. Inside, you'll find three bedrooms and two bathrooms. The spacious Primary Bedroom features a shower and soaking tub, conveniently located at one end of the home. Meanwhile, two additional bedrooms and a second bathroom are on the opposite end. Connecting these spaces is a large, open-concept kitchen and living room, complete with a cozy wood-burning fireplace. A standout feature of this property is the 500-square-foot addition, offering a generous dining and living area with stunning views. This space also includes a “serving bar” equipped with rows of cabinets and a durable laminate countertop—perfect for cooking, entertaining, or serving meals. Located just 5 minutes from Wetipquin Park—with its boat ramp and fantastic fishing opportunities—you’ll have endless outdoor adventures at your fingertips. Cedar Hill Park & Marina and Tyaskin Park are also nearby, ensuring you'll never run out of places to explore. This is truly the retreat you’ve been searching for, so don’t wait—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.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $937 · $78/mo
• Projected year-2 tax: $1,662 · $139/mo
• Expected delta: +$725/yr (+$60/mo · 77.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,689
• − Mortgage interest: −$12,267
• − Property taxes: −$937
• − Insurance: −$1,095
• − Repairs & maintenance: −$2,295
• − Management: −$2,295
• − Depreciation: −$6,371
• Taxable income: $3,428
• Est. tax owed @ 24.0%: −$823
• After-tax cash flow: $6,028/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: 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 — Tyaskin

• Score: 52/100
• State rank: #439
• US rank: #24977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 816

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 (65%)
• Race & ethnicity: White 65% Black 27% Two or more races 8%
• Common ancestry: Hispanic 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 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: ▲ 5.10%
• Current HPI: 216.379
• 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

+0.4% since first listed

8 events — show timeline

• 2026-05-11 Price Changed $226,000 BRIGHT MLS
• 2026-04-20 Price Changed $227,000 BRIGHT MLS
• 2026-04-07 Price Changed $232,500 BRIGHT MLS
• 2026-03-24 Listed $235,000 BRIGHT MLS
• 2025-09-09 Sold (Public Records) $210,000 Public Records
• 2025-08-29 Sold (MLS) $210,000 BRIGHT MLS
• 2025-07-12 Pending — BRIGHT MLS
• 2025-03-31 Listed $225,000 BRIGHT MLS

Property tax history

+0.6%/yr

Latest (2025): $937 · +1.9% YoY. Source: county tax records.