119 Bengies Rd · Middle River, MD 21220

$56,500

2 bd · 2.0 ba · 1,150 sqft · SingleFamily · 59 Days on market

Built 1992 Average condition $49/sqft · 22% below area Est $72k · 22% under ↓ 4% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Condition / age +2.8/5.0
• Rent growth +2.7/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully maintained 2-bedroom, 2-bath double-wide in the desirable Williams Estates/Peppermint Woods community! Inside, you’ll find an inviting open-concept layout with seamless flow between the living, dining, and kitchen areas—perfect for everyday living and entertaining. Just off the kitchen, a versatile bonus room offers additional cabinetry and abundant natural light. Relax with your morning coffee in the sunroom off the living room or unwind in the spacious primary suite featuring a vaulted ceiling and a private full bath complete with a soaking tub. The home also includes a second bedroom, a full hall bath, and a separate laundry room with extra storage. Outside, enjoy the convenience of a 2-car parking pad. The community offers a wide range of amenities, including a clubhouse, fitness center, dog park, walking trails, playgrounds, a secured storage lot, and on-site management—everything you need for comfortable, low-maintenance living. Lot rent is $1049.55 monthly.

Key facts

• 2 parking spots
• Built 1992
• Listed 59 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $56k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $56k).
• Recommended offer: $55k (3.0% below list) — sets the bar for market timing.
• Cap rate 29.9% vs local median 4.1% in Middle River — 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 78/100 on livability (#76 in MD, #2,777 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools F, crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 251 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $391 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.8% rent growth), your $16k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $54,805 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 3.37% ✓
• Cap rate: 29.91%
• Cash-on-cash: 84.36%
• DSCR: 4.75
• GRM: 2.5

CMA / ARV

• ARV (median comp): $72,348
• List price: $56,500
• Delta: -21.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3210 Everlasting Ln	0.14mi	3/2.0 (+1)	1,248 (+8%)	21mo	$67,000	$54	57

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 · 0.83% rent growth · sell at horizon

5-year hold

• IRR: 82.3%
• Equity multiple: 4.64×
• Total profit: $57,641
• Equity at exit: $8,424

10-year hold

• IRR: 85.1%
• Equity multiple: 8.94×
• Total profit: $125,548
• Equity at exit: $4,885

Cash invested: $15,820 (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 21220

• Rents YoY: 0.8%
• Active inventory: 251
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,902 high
• Mortgage (P&I): −$296
• Tax est. 1.5%: −$71 /mo · $848/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $1,112

Break-even live

Break-even rent $494

Max offer price $56,500

Occupancy floor 37%

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: $14,125
• Closing costs: $1,695
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3736 White Pine Rd Middle River, MD	1.0–2.0	1.0	741	$1,310	$1.77	1d	21	0.97mi
11550 Crossroads Cir Middle River, MD	1.0–2.0	1.0–2.0	893	$2,849	$3.19	2d	15	1.07mi
37 Alberge Ln Middle River, MD	2.0–3.0	1.0–2.0	928	$1,215	$1.31	1d	8	1.34mi
6221 Greenleigh Ave Middle River, MD	1.0–2.0	1.0–2.0	1059	$2,957	$2.79	2d	16	1.36mi
1 Alder Dr Middle River, MD	1.0–3.0	1.0	1000	$1,824	$1.82	5d	10	1.37mi
3924 Cutty Sark Rd Middle River, MD	2.0	1.5	1180	$1,699	$1.44	24d	1	1.40mi

Listing history 18 events

1. 2026-06-18
   days on market $56,500 Active 59 DOM
2. 2026-06-17
   days on market $56,500 Active 58 DOM
3. 2026-06-16
   days on market $56,500 Active 57 DOM
4. 2026-06-15
   days on market $56,500 Active 56 DOM
5. 2026-06-13
   days on market $56,500 Active 54 DOM
6. 2026-06-09
   days on market $56,500 Active 50 DOM
7. 2026-06-08
   days on market $56,500 Active 49 DOM
8. 2026-06-07
   days on market $56,500 Active 48 DOM
9. 2026-06-04
   days on market $56,500 Active 45 DOM
10. 2026-06-03
    days on market $56,500 Active 44 DOM
11. 2026-06-02
    days on market $56,500 Active 43 DOM
12. 2026-06-01
    days on market $56,500 Active 42 DOM
13. 2026-05-31
    days on market $56,500 Active 41 DOM
14. 2026-05-09
    price $56,500 1029-char remark

    Show marketing remark (1029 chars)

    Welcome home to this beautifully maintained 2-bedroom, 2-bath double-wide in the desirable Williams Estates/Peppermint Woods community! Inside, you’ll find an inviting open-concept layout with seamless flow between the living, dining, and kitchen areas—perfect for everyday living and entertaining. Just off the kitchen, a versatile bonus room offers additional cabinetry and abundant natural light. Relax with your morning coffee in the sunroom off the living room or unwind in the spacious primary suite featuring a vaulted ceiling and a private full bath complete with a soaking tub. The home also includes a second bedroom, a full hall bath, and a separate laundry room with extra storage. Outside, enjoy the convenience of a 2-car parking pad. The community offers a wide range of amenities, including a clubhouse, fitness center, dog park, walking trails, playgrounds, a secured storage lot, and on-site management—everything you need for comfortable, low-maintenance living. Lot rent is $1049.55 monthly.

15. 2026-05-01
    status Active 1029-char remark

    Show marketing remark (1029 chars)

    Welcome home to this beautifully maintained 2-bedroom, 2-bath double-wide in the desirable Williams Estates/Peppermint Woods community! Inside, you’ll find an inviting open-concept layout with seamless flow between the living, dining, and kitchen areas—perfect for everyday living and entertaining. Just off the kitchen, a versatile bonus room offers additional cabinetry and abundant natural light. Relax with your morning coffee in the sunroom off the living room or unwind in the spacious primary suite featuring a vaulted ceiling and a private full bath complete with a soaking tub. The home also includes a second bedroom, a full hall bath, and a separate laundry room with extra storage. Outside, enjoy the convenience of a 2-car parking pad. The community offers a wide range of amenities, including a clubhouse, fitness center, dog park, walking trails, playgrounds, a secured storage lot, and on-site management—everything you need for comfortable, low-maintenance living. Lot rent is $1049.55 monthly.

16. 2026-04-30
    status Pending 1029-char remark

    Show marketing remark (1029 chars)

    Welcome home to this beautifully maintained 2-bedroom, 2-bath double-wide in the desirable Williams Estates/Peppermint Woods community! Inside, you’ll find an inviting open-concept layout with seamless flow between the living, dining, and kitchen areas—perfect for everyday living and entertaining. Just off the kitchen, a versatile bonus room offers additional cabinetry and abundant natural light. Relax with your morning coffee in the sunroom off the living room or unwind in the spacious primary suite featuring a vaulted ceiling and a private full bath complete with a soaking tub. The home also includes a second bedroom, a full hall bath, and a separate laundry room with extra storage. Outside, enjoy the convenience of a 2-car parking pad. The community offers a wide range of amenities, including a clubhouse, fitness center, dog park, walking trails, playgrounds, a secured storage lot, and on-site management—everything you need for comfortable, low-maintenance living. Lot rent is $1049.55 monthly.

17. 2026-04-20
    listed $59,000 Active 1029-char remark

    Show marketing remark (1029 chars)

    Welcome home to this beautifully maintained 2-bedroom, 2-bath double-wide in the desirable Williams Estates/Peppermint Woods community! Inside, you’ll find an inviting open-concept layout with seamless flow between the living, dining, and kitchen areas—perfect for everyday living and entertaining. Just off the kitchen, a versatile bonus room offers additional cabinetry and abundant natural light. Relax with your morning coffee in the sunroom off the living room or unwind in the spacious primary suite featuring a vaulted ceiling and a private full bath complete with a soaking tub. The home also includes a second bedroom, a full hall bath, and a separate laundry room with extra storage. Outside, enjoy the convenience of a 2-car parking pad. The community offers a wide range of amenities, including a clubhouse, fitness center, dog park, walking trails, playgrounds, a secured storage lot, and on-site management—everything you need for comfortable, low-maintenance living. Lot rent is $1049.55 monthly.

18. 2026-04-18
    historical $59,000 1029-char remark

    Show marketing remark (1029 chars)

    Welcome home to this beautifully maintained 2-bedroom, 2-bath double-wide in the desirable Williams Estates/Peppermint Woods community! Inside, you’ll find an inviting open-concept layout with seamless flow between the living, dining, and kitchen areas—perfect for everyday living and entertaining. Just off the kitchen, a versatile bonus room offers additional cabinetry and abundant natural light. Relax with your morning coffee in the sunroom off the living room or unwind in the spacious primary suite featuring a vaulted ceiling and a private full bath complete with a soaking tub. The home also includes a second bedroom, a full hall bath, and a separate laundry room with extra storage. Outside, enjoy the convenience of a 2-car parking pad. The community offers a wide range of amenities, including a clubhouse, fitness center, dog park, walking trails, playgrounds, a secured storage lot, and on-site management—everything you need for comfortable, low-maintenance living. Lot rent is $1049.55 monthly.

ⓘ 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: $22,824
• − Mortgage interest: −$3,165
• − Property taxes: −$848
• − Insurance: −$282
• − Repairs & maintenance: −$1,826
• − Management: −$1,826
• − Depreciation: −$1,644
• Taxable income: $13,234
• Est. tax owed @ 24.0%: −$3,176
• After-tax cash flow: $10,170/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

Average 55/100 Moderate rehab

This home requires moderate repairs and maintenance to improve its condition and value. Painting, replacing cabinets, and repairing siding would significantly enhance its curb appeal and resale value.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — standard fixtures
• Minor exterior siding — slight wear

Value-add opportunities

• Resale paint interior walls — enhances curb appeal
• Resale replace kitchen cabinets — modernizes kitchen
• Resale repair exterior siding — improves home's appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom fixtures · standard fixtures	Minor	$500–3,000
exterior siding · slight wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale paint interior walls — enhances curb appeal ↑
• Resale replace kitchen cabinets — modernizes kitchen ↑
• Resale repair exterior siding — improves home's appearance ↑

ⓘ 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: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Middle River

• Score: 78/100
• State rank: #76
• US rank: #2777

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Middle River, MD
• County: Baltimore County · 769,527 people
• City population: 42,824
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 42,824
• Household income: $81,817
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1921.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 57% Black 27% Two or more races 6% Hispanic / Latino 6% Asian 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Romanian 4% Ukrainian 2% Lithuanian 1%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 86% English-only · Spanish 3% Arabic 3% Tagalog/Filipino 2%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -199.31%
• Current HPI: 254.5597
• Rent YoY: ▲ 0.83%
• 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

-4.2% since first listed

5 events — show timeline

• 2026-05-09 Price Changed $56,500 BRIGHT MLS
• 2026-05-01 Relisted — BRIGHT MLS
• 2026-04-30 Pending — BRIGHT MLS
• 2026-04-20 Listed $59,000 BRIGHT MLS
• 2026-04-18 Coming Soon $59,000 BRIGHT MLS