2439 Fairmount Rd #2 · Hampstead, MD 21074

$89,900

3 bd · 2.0 ba · 800 sqft · SingleFamily · 65 Days on market

Built 1986 Good condition $112/sqft · 76% below area

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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 +7.5/15.0
• Condition / age +3.8/5.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled and beautiful at an incredible, affordable price! Built in 1986 with 800 sqft of living space in Rockbrook Village Mobile Home Park. Inside features an open floor plan with a big kitchen, plenty of cabinets and counter space, new stainless-steel appliances, a large living room, big primary bedroom with private bathroom. Other features are updated lighting throughout, and separate laundry area washer and dryer. Outside is a custom front porch. The monthly lot fee Includes Trash and Snow Removal.

Key facts

• Built 1986
• Listed 65 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $854 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.7% vs local median 3.1% in Hampstead — 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 72/100 on livability (#137 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, schools B+; Watch: amenities F, commute F.
• Carroll County Public Schools (suburban): math 32% / reading 47% proficiency, ranked #2 of 24 in MD (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 82 active listings in the ZIP; 156 units permitted in Carroll County in 2024 (12 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Carroll County population projected to shrink 7% 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 $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.

Recommended offer $84,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 2.08% ✓
• Cap rate: 17.70%
• Cash-on-cash: 40.73%
• DSCR: 2.81
• GRM: 4.0

CMA / ARV

• ARV (median comp): $376,394
• List price: $89,900
• Delta: -76.12%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 37.2%
• Equity multiple: 2.58×
• Total profit: $39,883
• Equity at exit: $13,404

10-year hold

• IRR: 43.8%
• Equity multiple: 5.17×
• Total profit: $104,921
• Equity at exit: $7,773

Cash invested: $25,172 (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 21074

• Active inventory: 82
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,868 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $854

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 49%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $89,900 Active 65 DOM
2. 2026-06-17
   days on market $89,900 Active 64 DOM
3. 2026-06-16
   days on market $89,900 Active 63 DOM
4. 2026-06-15
   days on market $89,900 Active 62 DOM
5. 2026-06-13
   days on market $89,900 Active 60 DOM
6. 2026-06-09
   days on market $89,900 Active 56 DOM
7. 2026-06-08
   days on market $89,900 Active 55 DOM
8. 2026-06-07
   days on market $89,900 Active 54 DOM
9. 2026-06-04
   days on market $89,900 Active 51 DOM
10. 2026-06-03
    days on market $89,900 Active 50 DOM
11. 2026-06-02
    days on market $89,900 Active 49 DOM
12. 2026-06-01
    days on market $89,900 Active 48 DOM
13. 2026-05-31
    days on market $89,900 Active 47 DOM
14. 2026-04-15
    listed $94,999 Active 509-char remark

    Show marketing remark (509 chars)

    Remodeled and beautiful at an incredible, affordable price! Built in 1986 with 800 sqft of living space in Rockbrook Village Mobile Home Park. Inside features an open floor plan with a big kitchen, plenty of cabinets and counter space, new stainless-steel appliances, a large living room, big primary bedroom with private bathroom. Other features are updated lighting throughout, and separate laundry area washer and dryer. Outside is a custom front porch. The monthly lot fee Includes Trash and Snow Removal.

15. 2026-04-12
    historical $94,999 509-char remark

    Show marketing remark (509 chars)

    Remodeled and beautiful at an incredible, affordable price! Built in 1986 with 800 sqft of living space in Rockbrook Village Mobile Home Park. Inside features an open floor plan with a big kitchen, plenty of cabinets and counter space, new stainless-steel appliances, a large living room, big primary bedroom with private bathroom. Other features are updated lighting throughout, and separate laundry area washer and dryer. Outside is a custom front porch. The monthly lot fee Includes Trash and Snow Removal.

ⓘ 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: $22,417
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,793
• − Management: −$1,793
• − Depreciation: −$2,615
• Taxable income: $9,381
• Est. tax owed @ 24.0%: −$2,251
• After-tax cash flow: $8,002/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 75/100 Cosmetic rehab

This mobile home is in good condition with recent updates, including new appliances and a separate laundry area. It is ready for move-in and would benefit from some exterior painting and railings replacement to enhance its curb appeal and rental value.

Value-add opportunities

• Resale Paint the exterior siding — Fresh paint can enhance the curb appeal and make the home look more inviting.
• Rental Replace the front porch railings — Well-maintained railings can improve safety and add to the home's rental value.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding — Fresh paint can enhance the curb appeal and make the home look more inviting. ↑
• Rental Replace the front porch railings — Well-maintained railings can improve safety and add to the home's 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: Carroll County Public Schools
• NCES district ID: 2400210
• Math proficiency: 32% ▼ -25.00%
• Reading proficiency: 47% ▼ -16.00%
• Median HH income: $84,594
• Composite: 37.33/100
• National rank: #4441
• State rank: #2 of 24 in MD

Livability — Hampstead

• Score: 72/100
• State rank: #137
• US rank: #5869

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 15,070

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 169,677 people
• By 2030: 169,605 · +-0.0%
• By 2040: 166,205 · -2.0%
• By 2050: 158,312 · -6.7%
• By 2075: 143,013 · -15.7%
• By 2100: 122,431 · -27.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 5% Two or more races 3% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 6% Lithuanian 1% Italian 1%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Carroll

• 2024 margin: Strong R (+24.9) · D 36.2% · R 61.2% · Other 2.6%
• 2008→2024 swing: +6.2pp toward D · 2008: -31.2pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+23.7 2016: R+36.9 2012: R+34.0 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -226.99%
• Current HPI: 274.0553
• 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

+0.0% since first listed

2 events — show timeline

• 2026-04-15 Listed $94,999 BRIGHT MLS
• 2026-04-12 Coming Soon $94,999 BRIGHT MLS