139 Danford Dr · Elkton, MD 21921

$194,000

2 bd · 1.0 ba · 1,330 sqft · Townhouse public records · 61 Days on market

Built 1986 2,178 sqft lot $146/sqft · at area comps Est $185k · at est.

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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 +24.6/30.0
• DSCR +7.9/10.0
• 1% rule +5.8/10.0
• ARV discount +5.4/15.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! Here is your chance to own and be less than renting. This home offers 2 bedrooms and one bathroom. Nice size backyard large living room and kitchen Newer roof and hvac system, perfect location minutes to Delaware and downtown Elkton. Professional pictures to come Tuesday!

Key facts

• Built 1986
• Listed 60 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $194k.

Deal economics

• At list price, monthly cash flow is $400 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $194k).
• Recommended offer: $182k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.1% in Elkton — 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 65/100 on livability (#261 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: schools F, crime F, commute F.
• Cecil County Public Schools (rural): math 15% / reading 30% proficiency, ranked #15 of 24 in MD (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.3%/yr); 207 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 563 units permitted in Cecil County in 2024 (330 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 $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 28y ago 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.
• Current owner paid $88k; list at $194k implies a 119% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,360 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.84%
• DSCR: 1.39
• GRM: 7.7

CMA / ARV

• ARV (median comp): $185,286
• List price: $194,000
• Delta: 4.70%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Danford Dr	0.05mi	3/1.0 (+1)	1,330 (0%)	11mo	$200,000	$150	84
121 Danford Dr	0.03mi	3/1.0 (+1)	1,330 (0%)	14mo	$183,000	$138	81
6 Transom Ct	0.38mi	3/1.5 (+1)	1,344 (+1%)	0mo	$206,500	$154	73
41 Transom Ct	0.30mi	3/1.5 (+1)	1,280 (-4%)	2mo	$210,000	$164	71
182 E Village Rd	0.34mi	3/1.5 (+1)	1,224 (-8%)	7mo	$168,000	$137	58
156 E Village Rd	0.40mi	3/1.5 (+1)	1,232 (-7%)	6mo	$203,000	$165	57
23 Loran Ct	0.36mi	2/1.5	1,152 (-13%)	4mo	$139,000	$121	56
25 Hatteras Ct	0.37mi	2/1.5	1,152 (-13%)	6mo	$205,000	$178	54
23 Hatteras Ct	0.37mi	3/1.5 (+1)	1,152 (-13%)	7mo	$211,000	$183	48
143 E Village Rd	0.39mi	3/1.5 (+1)	1,152 (-13%)	10mo	$237,500	$206	44
49 Thatch Ct	0.45mi	2/1.5	1,152 (-13%)	15mo	$211,000	$183	42
155 E Village Rd	0.37mi	3/2.5 (+1)	1,528 (+15%)	6mo	$202,000	$132	42

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.86×
• Total profit: $-7,388
• Equity at exit: $28,926

10-year hold

• IRR: 5.3%
• Equity multiple: 1.38×
• Total profit: $20,548
• Equity at exit: $16,774

Cash invested: $54,320 (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 21921

• Rents YoY: 2.3%
• Active inventory: 207
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,090 medium
• Mortgage (P&I): −$1,017
• Tax from tax record: −$153 /mo · $1,832/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $400

Break-even live

Break-even rent $1,583

Max offer price $194,000

Occupancy floor 76%

Sensitivity live

Price	-10% $510	-5% $455	+0% $400	+5% $345	+10% $290
Rent	-10% $235	-5% $318	+0% $400	+5% $483	+10% $565
Rate	-1.0pp $498	-0.5pp $450	base $400	+0.5pp $350	+1.0pp $299

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: $48,500
• Closing costs: $5,820
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150 E Village Rd Elkton, MD	3.0	1.5	1224	$1,950	$1.59	23d	1	0.42mi
124 E Village Rd Elkton, MD	3.0	1.5	1152	$1,850	$1.61	44d	1	0.44mi
110 Michaels Way Elkton, MD	3.0	2.5	1200	$2,800	$2.33	5d	1	0.47mi
1000 Spyglass Dr Elkton, MD	1.0–3.0	1.0–2.0	1104	$2,088	$1.89	2d	20	0.66mi

Listing history 30 events

1. 2026-06-21
   days on market $194,000 Active 61 DOM
2. 2026-06-18
   days on market $194,000 Active 58 DOM
3. 2026-06-17
   days on market $194,000 Active 57 DOM
4. 2026-06-16
   days on market $194,000 Active 56 DOM
5. 2026-06-15
   days on market $194,000 Active 55 DOM
6. 2026-06-13
   days on market $194,000 Active 53 DOM
7. 2026-06-09
   days on market $194,000 Active 49 DOM
8. 2026-06-08
   days on market $194,000 Active 48 DOM
9. 2026-06-07
   days on market $194,000 Active 47 DOM
10. 2026-06-04
    days on market $194,000 Active 44 DOM
11. 2026-06-03
    days on market $194,000 Active 43 DOM
12. 2026-06-02
    pricedays on market $194,000 Active 42 DOM
13. 2026-06-01
    days on market $200,000 Active 41 DOM
14. 2026-05-31
    days on market $200,000 Active 40 DOM
15. 2026-04-21
    listed $200,000 Active 287-char remark

    Show marketing remark (287 chars)

    Welcome home! Here is your chance to own and be less than renting. This home offers 2 bedrooms and one bathroom. Nice size backyard large living room and kitchen Newer roof and hvac system, perfect location minutes to Delaware and downtown Elkton. Professional pictures to come Tuesday!

16. 2026-04-19
    historical $200,000 287-char remark

    Show marketing remark (287 chars)

    Welcome home! Here is your chance to own and be less than renting. This home offers 2 bedrooms and one bathroom. Nice size backyard large living room and kitchen Newer roof and hvac system, perfect location minutes to Delaware and downtown Elkton. Professional pictures to come Tuesday!

17. 2004-10-01
    soldstatus $88,500
18. 2004-09-25
    soldstatus $88,900 61-char remark

    Show marketing remark (61 chars)

    Great shape, 2 large bedrooms, tilt windows, Great investment

19. 2004-08-28
    historical 61-char remark

    Show marketing remark (61 chars)

    Great shape, 2 large bedrooms, tilt windows, Great investment

20. 2004-08-19
    listed $89,900 61-char remark

    Show marketing remark (61 chars)

    Great shape, 2 large bedrooms, tilt windows, Great investment

21. 1999-01-28
    soldstatus $69,000
22. 1999-01-27
    soldstatus $69,000
23. 1999-01-27
    soldstatus $69,000
24. 1998-12-21
    historical
25. 1998-12-21
    historical
26. 1998-11-24
    listed $69,900
27. 1998-10-31
    listed $69,000
28. 1998-10-31
    historical
29. 1998-10-31
    listed $69,900
30. 1992-10-30
    soldstatus $66,000

ⓘ 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: $1,832 · $153/mo
• Projected year-2 tax: $1,973 · $164/mo
• Expected delta: +$141/yr (+$12/mo · 7.7%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,080
• − Mortgage interest: −$10,867
• − Property taxes: −$1,832
• − Insurance: −$970
• − Repairs & maintenance: −$2,006
• − Management: −$2,006
• − Depreciation: −$5,644
• Taxable income: $1,755
• Est. tax owed @ 24.0%: −$421
• After-tax cash flow: $4,382/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: Cecil County Public Schools
• NCES district ID: 2400240
• Math proficiency: 15% ▼ -21.00%
• Reading proficiency: 30% ▼ -15.00%
• Median HH income: $66,544
• Composite: 21.51/100
• National rank: #8322
• State rank: #15 of 24 in MD

Livability — Elkton

• Score: 65/100
• State rank: #261
• US rank: #13293

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elkton, MD
• County: Cecil County · 65,041 people
• City population: 45,527
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 45,527
• Household income: $85,775
• Rent vs Own: 30.2% rent · 69.8% own
• Severe rent burden: 1438.0

Population outlook (Cecil County) Hauer SSP2

• Today (2025): 105,877 people
• By 2030: 106,905 · +1.0%
• By 2040: 107,156 · +1.2%
• By 2050: 104,170 · -1.6%
• By 2075: 95,771 · -9.5%
• By 2100: 82,381 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 9% Two or more races 8% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 6% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Cecil

• 2024 margin: Solid R (+30.9) · D 33.5% · R 64.4% · Other 2.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -14.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+26.6 2016: R+35.3 2012: R+20.4 2008: R+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -192.67%
• Current HPI: 253.7641
• Rent YoY: ▲ 2.32%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-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

+203.0% since first listed

16 events — show timeline

• 2026-04-21 Listed $200,000 BRIGHT MLS
• 2026-04-19 Coming Soon $200,000 BRIGHT MLS
• 2004-10-01 Sold (Public Records) $88,500 Public Records
• 2004-09-25 Sold (MLS) $88,900 MRIS
• 2004-08-28 Delisted — MRIS
• 2004-08-19 Listed $89,900 MRIS
• 1999-01-28 Sold (Public Records) $69,000 Public Records
• 1999-01-27 Sold (MLS) $69,000 BRIGHT MLS
• 1999-01-27 Sold (MLS) $69,000 MRIS
• 1998-12-21 Listing Removed — BRIGHT MLS
• 1998-12-21 Delisted — MRIS
• 1998-11-24 Listed $69,900 MRIS
• 1998-10-31 Listed $69,900 BRIGHT MLS
• 1998-10-31 Listing Removed — BRIGHT MLS
• 1998-10-31 Listed $69,000 BRIGHT MLS
• 1992-10-30 Sold (Public Records) $66,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,832 · +13.4% YoY. Source: county tax records.