26278 Peach St · Crisfield, MD 21817

$103,500

2 bd · 2.0 ba · 938 sqft · Manufactured public records · 59 Days on market

Built 1981 7,405 sqft lot $110/sqft · 29% below area Est $145k · 29% under

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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 +20.4/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.5/10.0
• 1% rule +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

Single wide mobile home located outside city limits of Crisfield with public water and sewer. Home has been completely remodeled, with house type thermopane windows, laminate floors throughout, and very well kept. Living room has a corner fireplace (propane). Bedroom and bath at each end of the home. Large 12'x20' garage/storage building, former owner actually parked a car in there. Convenient location for shopping and recreational facilities, within walking distance to public beach and fishing pier. Tenant occupied, requires 24 hr. notice.

Key facts

• Open floor plan
• Laminate floors
• Remodeled in 2015

Tags

• PUBLIC WATER AND SEWER
• REMODELED IN 2015
• THERMOPANE WINDOWS
• LAMINATE FLOORS
• OPEN FLOOR PLAN
• LARGE LIVING ROOM

Property features AI

Finance

• Other: Ground rent paid annually; Pets allowed with no restrictions

Exterior

• Parking: Driveway parking (3 spaces); Crushed stone parking surface; Total of 3 garage and parking spaces
• Utilities: Public water; Public sewer; Cable TV available; Municipal trash not provided
• Home design: Manufactured single wide; Estimated effective remodel year 2015; Fee simple ownership; Federal flood zone AE; 2+ access exits
• Construction: Aluminum siding; Fiberglass roof; Pillar/post/pier foundation
• Exterior features: Deck(s); Outbuilding(s); Awning(s); Shed; Garage(s); Cleared lot; Above grade and below grade other structures

Interior

• Kitchen: Gas range/oven; Refrigerator
• Bedrooms: 2 bedrooms on main level
• Flooring: Laminate plank; Carpet
• Bathrooms: 2 full bathrooms (both on main level)
• Heating & cooling: Forced air heating (propane - leased); Central air conditioning (electric)
• Interior features: Open floor plan; Family room open to kitchen; Combination kitchen and dining area; Kitchen with table space; Soaking tub; Ceiling fan(s); Paneled walls; Partially furnished; Insulated doors
• Laundry & utility: Washer; Dryer; Electric water heater

🏷️ Possibly a rental listed for sale. The $103,500 price doesn't fit this home's estimated sale value (~$144,778) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $104k.

Deal economics

• At list price, monthly cash flow is $-291 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $52k (49.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $95k (8.3% below list).
• Recommended offer: $52k (49.7% below list) — sets the bar for cash-flow.
• Cap rate 7.9% vs local median 1.6% in Crisfield — 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 68/100 on livability (#199 in MD) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Somerset County Public Schools (town): math 12% / reading 23% proficiency, ranked #22 of 24 in MD (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Carter G Woodson Elementary (math 12% / reading 17%, grade F, #477 of 860 statewide, top 59%, 508 students, 75% FRL); Somerset 6/7 Intermediate School (math 8% / reading 26%, grade F, #170 of 225 statewide, top 77%, 396 students, 73% FRL); Crisfield Academy And High School (math 17% / reading 42%, grade F, #154 of 222 statewide, top 70%, 350 students, 65% FRL).
• Market conditions: 93 active listings in the ZIP; 49 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($716 loan paydown + $10k appreciation (10.0% local appreciation)).
• Somerset County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 4, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 4 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 $89k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,066 (49.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 50% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.92% ✗
• Cap rate: 7.86%
• Cash-on-cash: 5.61%
• DSCR: 1.25
• GRM: 9.1

CMA / ARV

• ARV (median comp): $144,778
• List price: $103,500
• Delta: -28.51%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.9%
• Equity multiple: 2.31×
• Total profit: $38,039
• Equity at exit: $93,241

10-year hold

• IRR: 15.4%
• Equity multiple: 5.38×
• Total profit: $127,028
• Equity at exit: $201,078

Cash invested: $28,980 (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 21817

• Home prices YoY: 7.3%
• Active inventory: 93
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $949 medium
• Mortgage (P&I): −$543
• Tax from tax record: −$28 /mo · $340/yr
• Insurance: −$43
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $-291

Break-even live

Break-even rent $1,317

Max offer price $52,066

Occupancy floor —

Sensitivity live

Price	-10% $-233	-5% $-262	+0% $-291	+5% $-320	+10% $-350
Rent	-10% $-366	-5% $-329	+0% $-291	+5% $-254	+10% $-216
Rate	-1.0pp $-239	-0.5pp $-265	base $-291	+0.5pp $-318	+1.0pp $-345

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: $25,875
• Closing costs: $3,105
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-21
   days on market $103,500 Active 59 DOM
2. 2026-06-18
   days on market $103,500 Active 56 DOM
3. 2026-06-17
   days on market $103,500 Active 55 DOM
4. 2026-06-16
   days on market $103,500 Active 54 DOM
5. 2026-06-15
   days on market $103,500 Active 53 DOM
6. 2026-06-14
   days on market $103,500 Active 51 DOM
7. 2026-06-13
   days on market $103,500 Active 50 DOM
8. 2026-06-10
   days on market $103,500 Active 48 DOM
9. 2026-06-09
   days on market $103,500 Active 47 DOM
10. 2026-06-08
    days on market $103,500 Active 46 DOM
11. 2026-06-07
    days on market $103,500 Active 45 DOM
12. 2026-06-02
    pricedays on market $103,500 Active 40 DOM
13. 2026-06-01
    days on market $107,500 Active 39 DOM
14. 2026-05-31
    days on market $107,500 Active 38 DOM
15. 2026-05-30
    days on market $107,500 Active 37 DOM
16. 2026-04-23
    listed $107,500 Active 847-char remark
17. 2025-09-22
    historical
18. 2025-08-16
    listed $97,000 Active
19. 2025-08-04
    soldstatus $89,000
20. 2025-07-31
    soldstatus $89,000 Closed

    Show marketing remark (546 chars)

    Single wide mobile home located outside city limits of Crisfield with public water and sewer. Home has been completely remodeled, with house type thermopane windows, laminate floors throughout, and very well kept. Living room has a corner fireplace (propane). Bedroom and bath at each end of the home. Large 12'x20' garage/storage building, former owner actually parked a car in there. Convenient location for shopping and recreational facilities, within walking distance to public beach and fishing pier. Tenant occupied, requires 24 hr. notice.

21. 2025-07-15
    status Pending

    Show marketing remark (546 chars)

    Single wide mobile home located outside city limits of Crisfield with public water and sewer. Home has been completely remodeled, with house type thermopane windows, laminate floors throughout, and very well kept. Living room has a corner fireplace (propane). Bedroom and bath at each end of the home. Large 12'x20' garage/storage building, former owner actually parked a car in there. Convenient location for shopping and recreational facilities, within walking distance to public beach and fishing pier. Tenant occupied, requires 24 hr. notice.

22. 2025-06-06
    historical Active Under Contract

    Show marketing remark (546 chars)

    Single wide mobile home located outside city limits of Crisfield with public water and sewer. Home has been completely remodeled, with house type thermopane windows, laminate floors throughout, and very well kept. Living room has a corner fireplace (propane). Bedroom and bath at each end of the home. Large 12'x20' garage/storage building, former owner actually parked a car in there. Convenient location for shopping and recreational facilities, within walking distance to public beach and fishing pier. Tenant occupied, requires 24 hr. notice.

23. 2025-04-28
    listed $95,900 Active

    Show marketing remark (546 chars)

    Single wide mobile home located outside city limits of Crisfield with public water and sewer. Home has been completely remodeled, with house type thermopane windows, laminate floors throughout, and very well kept. Living room has a corner fireplace (propane). Bedroom and bath at each end of the home. Large 12'x20' garage/storage building, former owner actually parked a car in there. Convenient location for shopping and recreational facilities, within walking distance to public beach and fishing pier. Tenant occupied, requires 24 hr. notice.

24. 2016-11-03
    soldstatus $45,000
25. 1998-08-06
    soldstatus $29,000
26. 1998-05-05
    listed $33,000

ⓘ 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: $340 · $28/mo
• Projected year-2 tax: $734 · $61/mo
• Expected delta: +$394/yr (+$33/mo · 115.9%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥101°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $11,386
• − Mortgage interest: −$5,798
• − Property taxes: −$340
• − Insurance: −$5,636
• − Repairs & maintenance: −$911
• − Management: −$911
• − Depreciation: −$3,011
• Taxable loss: −$5,220
• Est. tax savings @ 24.0%: +$1,253
• After-tax cash flow: $-2,241/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: Somerset County Public Schools
• NCES district ID: 2400570
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 23% ▼ -14.00%
• Median HH income: $38,810
• Composite: 14.73/100
• National rank: #9396
• State rank: #22 of 24 in MD

Livability — Crisfield

• Score: 68/100
• State rank: #199
• US rank: #9181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,102

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 24,474 people
• By 2030: 23,547 · -3.8%
• By 2040: 21,498 · -12.2%
• By 2050: 20,427 · -16.5%
• By 2075: 16,594 · -32.2%
• By 2100: 12,132 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 20% Two or more races 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Italian 2% Serbian 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Somerset

• 2024 margin: R (+17.4) · D 40.2% · R 57.5% · Other 2.3%
• 2008→2024 swing: -14.8pp toward R · 2008: -2.6pp · 2024: -17.4pp
• All cycles: 2024: R+17.4 2020: R+14.8 2016: R+17.9 2012: R+2.5 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.92%
• Current HPI: 292.866
• 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

+213.6% since first listed

12 events — show timeline

• 2026-06-02 Price Changed $103,500 BRIGHT MLS
• 2026-04-23 Listed $107,500 BRIGHT MLS
• 2025-09-22 Listing Removed — BRIGHT MLS
• 2025-08-16 Listed $97,000 BRIGHT MLS
• 2025-08-04 Sold (Public Records) $89,000 Public Records
• 2025-07-31 Sold (MLS) $89,000 BRIGHT MLS
• 2025-07-15 Pending — BRIGHT MLS
• 2025-06-06 Contingent — BRIGHT MLS
• 2025-04-28 Listed $95,900 BRIGHT MLS
• 2016-11-03 Sold (Public Records) $45,000 Public Records
• 1998-08-06 Sold (MLS) $29,000 BRIGHT MLS
• 1998-05-05 Listed $33,000 BRIGHT MLS

Property tax history

-0.8%/yr

Latest (2023): $340 · +16.7% YoY. Source: county tax records.