5959 Heritage Rd · East New Market, MD 21631

$79,500

3 bd · 2.0 ba · 1,134 sqft · SingleFamily · 83 Days on market

Built 1996 Good condition 0.25 ac lot $70/sqft · 6% above area Est $75k · 6% over ↓ 9% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.6/15.0
• Condition / age +4.0/5.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming and freshly updated home located on a spacious lot in the quiet Heritage Manufactured Home Park in East New Market, Maryland. Step inside to find a comfortable and inviting Living Room with abundant natural light. A large dining area, kitchen peninsula and breakfast nook, offer plenty of room for gathering. The large Primary Bedroom offers an attached bathroom with a large garden tub as well as a separate shower. The opposite end of the home offers two additional bedrooms as well as another full bathroom. New LVP flooring throughout creates a beautiful updated look. The large backyard and 12' x 16' back deck provide the perfect space for relaxing, entertaining, or enjoying the scenic wooded views. Must obtain park approval.

Key facts

• Breakfast nook
• Attached bathroom
• Spacious lot

Tags

• SPACIOUS LOT
• LARGE DINING AREA
• KITCHEN PENINSULA
• BREAKFAST NOOK
• ATTACHED BATHROOM
• LARGE GARDEN TUB

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $612 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#325 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: schools D-, crime F, amenities F.
• Dorchester County Public Schools (rural): math 10% / reading 23% proficiency, ranked #23 of 24 in MD (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 24 active listings in the ZIP; 81 units permitted in Dorchester County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Dorchester County population projected to shrink 10% 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

Recommended offer $74,730 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 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. 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: 1.85% ✓
• Cap rate: 15.53%
• Cash-on-cash: 32.99%
• DSCR: 2.47
• GRM: 4.5

CMA / ARV

• ARV (median comp): $74,655
• List price: $79,500
• Delta: 6.49%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 28.2%
• Equity multiple: 2.17×
• Total profit: $26,118
• Equity at exit: $11,854

10-year hold

• IRR: 35.6%
• Equity multiple: 4.28×
• Total profit: $73,023
• Equity at exit: $6,874

Cash invested: $22,260 (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 21631

• Home prices YoY: -5.3%
• Active inventory: 24
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,470 medium
• Mortgage (P&I): −$417
• Tax est. 1.5%: −$99 /mo · $1,192/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $612

Break-even live

Break-even rent $695

Max offer price $79,500

Occupancy floor 53%

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $79,500 Active 83 DOM
2. 2026-06-17
   days on market $79,500 Active 82 DOM
3. 2026-06-16
   days on market $79,500 Active 81 DOM
4. 2026-06-15
   days on market $79,500 Active 80 DOM
5. 2026-06-13
   days on market $79,500 Active 78 DOM
6. 2026-06-12
   days on market $79,500 Active 77 DOM
7. 2026-06-09
   days on market $79,500 Active 74 DOM
8. 2026-06-09
   price $79,500 Active 73 DOM
9. 2026-06-08
   days on market $89,500 Active 73 DOM
10. 2026-06-07
    days on market $89,500 Active 72 DOM
11. 2026-06-07
    days on market $89,500 Active 71 DOM
12. 2026-06-04
    days on market $89,500 Active 68 DOM
13. 2026-06-02
    days on market $89,500 Active 67 DOM
14. 2026-06-01
    days on market $89,500 Active 66 DOM
15. 2026-05-31
    days on market $89,500 Active 65 DOM
16. 2026-05-31
    days on market $89,500 Active 64 DOM
17. 2026-05-13
    price $89,500 760-char remark

    Show marketing remark (760 chars)

    Welcome to this charming and freshly updated home located on a spacious lot in the quiet Heritage Manufactured Home Park in East New Market, Maryland. Step inside to find a comfortable and inviting Living Room with abundant natural light. A large dining area, kitchen peninsula and breakfast nook, offer plenty of room for gathering. The large Primary Bedroom offers an attached bathroom with a large garden tub as well as a separate shower. The opposite end of the home offers two additional bedrooms as well as another full bathroom. New LVP flooring throughout creates a beautiful updated look. The large backyard and 12' x 16' back deck provide the perfect space for relaxing, entertaining, or enjoying the scenic wooded views. Must obtain park approval.

18. 2026-04-24
    price $93,500 760-char remark

    Show marketing remark (760 chars)

    Welcome to this charming and freshly updated home located on a spacious lot in the quiet Heritage Manufactured Home Park in East New Market, Maryland. Step inside to find a comfortable and inviting Living Room with abundant natural light. A large dining area, kitchen peninsula and breakfast nook, offer plenty of room for gathering. The large Primary Bedroom offers an attached bathroom with a large garden tub as well as a separate shower. The opposite end of the home offers two additional bedrooms as well as another full bathroom. New LVP flooring throughout creates a beautiful updated look. The large backyard and 12' x 16' back deck provide the perfect space for relaxing, entertaining, or enjoying the scenic wooded views. Must obtain park approval.

19. 2026-03-27
    listed $98,500 Active 760-char remark

    Show marketing remark (760 chars)

    Welcome to this charming and freshly updated home located on a spacious lot in the quiet Heritage Manufactured Home Park in East New Market, Maryland. Step inside to find a comfortable and inviting Living Room with abundant natural light. A large dining area, kitchen peninsula and breakfast nook, offer plenty of room for gathering. The large Primary Bedroom offers an attached bathroom with a large garden tub as well as a separate shower. The opposite end of the home offers two additional bedrooms as well as another full bathroom. New LVP flooring throughout creates a beautiful updated look. The large backyard and 12' x 16' back deck provide the perfect space for relaxing, entertaining, or enjoying the scenic wooded views. Must obtain park approval.

ⓘ 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: $17,641
• − Mortgage interest: −$4,453
• − Property taxes: −$1,192
• − Insurance: −$398
• − Repairs & maintenance: −$1,411
• − Management: −$1,411
• − Depreciation: −$2,313
• Taxable income: $6,463
• Est. tax owed @ 24.0%: −$1,551
• After-tax cash flow: $5,793/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 Cosmetic rehab

This home is in good condition with recent updates, including new flooring and siding. It is move-in ready and has a good curb appeal.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Landscaping — Improves curb appeal and rental value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Landscaping — Improves curb appeal and rental value ↑

ⓘ 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: Dorchester County Public Schools
• NCES district ID: 2400300
• Math proficiency: 10% ▼ -14.00%
• Reading proficiency: 23% ▼ -12.00%
• Median HH income: $46,767
• Composite: 14.65/100
• National rank: #9404
• State rank: #23 of 24 in MD

Livability — East New Market

• Score: 62/100
• State rank: #325
• US rank: #17034

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,580

Population outlook (Dorchester County) Hauer SSP2

• Today (2025): 31,699 people
• By 2030: 31,054 · -2.0%
• By 2040: 29,712 · -6.3%
• By 2050: 28,618 · -9.7%
• By 2075: 28,436 · -10.3%
• By 2100: 28,937 · -8.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 13% Two or more races 12% Black 6%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Romanian 6% Lithuanian 3% Slovak 3%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 14%

Political lean MEDSL · Dorchester

• 2024 margin: R (+14.6) · D 41.6% · R 56.1% · Other 2.3%
• 2008→2024 swing: -6.3pp toward R · 2008: -8.2pp · 2024: -14.6pp
• All cycles: 2024: R+14.6 2020: R+11.9 2016: R+16.0 2012: R+6.6 2008: R+8.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.14%
• Current HPI: 322.3646
• 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

-9.1% since first listed

3 events — show timeline

• 2026-05-13 Price Changed $89,500 BRIGHT MLS
• 2026-04-24 Price Changed $93,500 BRIGHT MLS
• 2026-03-27 Listed $98,500 BRIGHT MLS