130 A Chesapeake Mobile Ct · Severn, MD 21076

$99,000

3 bd · 2.0 ba · 1,620 sqft · SingleFamily · 72 Days on market

Built 1997 Good condition $61/sqft · 80% 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
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Schools +2.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 130 A Chesapeake Mobile Ct in Hanover, MD, a well kept 3 bedroom and 2 full bath manufactured home offering comfortable and convenient living. This home features a functional layout with a spacious kitchen that’s great for everyday cooking and gatherings. The primary bedroom includes its own full bathroom, giving you a private space to relax, while the additional bedrooms offer flexibility for family, guests, or a home office. Located in Anne Arundel County, you’re just minutes from Arundel Mills Mall, Live! Casino & Hotel Maryland, restaurants, shopping, and major highways, making it easy to get around and enjoy everything nearby. Don’t miss out on this affordable home in a convenient location!

Key facts

• Spacious kitchen
• Convenient location
• Private space

Tags

• SPACIOUS KITCHEN
• PRIVATE SPACE
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $99k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $99k).
• Recommended offer: $93k (6.0% below list) — sets the bar for market timing.
• Cap rate 25.1% vs local median 4.0% in Severn — 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 70/100 on livability (#175 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A-; Watch: crime D+, amenities F, commute F.
• Anne Arundel County Public Schools (suburban): math 20% / reading 37% proficiency, ranked #10 of 24 in MD (top 42%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Monarch Global Academy Pcs Laurel Campus (math 13% / reading 28%, grade F, #341 of 860 statewide, top 40%, 830 students, 53% FRL); Macarthur Middle (math 13% / reading 36%, grade F, #108 of 225 statewide, top 50%, 878 students, 53% FRL); Meade High (math 25% / reading 50%, grade F, #138 of 222 statewide, top 63%, 2,330 students, 59% FRL) — zoned schools average 55% FRL vs 25% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.4%/yr); 149 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $28k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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.

Recommended offer $93,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 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 D 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: 2.86% ✓
• Cap rate: 25.08%
• Cash-on-cash: 67.10%
• DSCR: 3.99
• GRM: 2.9

CMA / ARV

• ARV (median comp): $483,263
• List price: $99,000
• Delta: -79.51%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
77 Chesapeake Mobile Ct	0.06mi	3/2.0	1,680 (+4%)	18mo	$86,000	$51	76
7708 Tobruk Ct	0.50mi	4/2.0 (+1)	1,664 (+3%)	11mo	$460,000	$276	58
7535 Knoll Acres Rd	0.62mi	3/3.0	1,600 (-1%)	9mo	$425,000	$266	57
17 Greenknoll Blvd	0.66mi	3/2.0	1,576 (-3%)	9mo	$395,000	$251	57
7733 Aragorn Ct	0.43mi	3/2.5	1,782 (+10%)	5mo	$520,000	$292	57
7533 Lemon Tree Ct	0.75mi	4/2.0 (+1)	1,584 (-2%)	1mo	$455,000	$287	56
7727 Acrocomia Dr	0.62mi	4/2.0 (+1)	1,707 (+5%)	12mo	$310,000	$182	47
7735 Leaside Ct	0.62mi	3/1.0	1,490 (-8%)	9mo	$390,000	$262	46
3 Greenknoll Blvd	0.71mi	3/2.5	1,526 (-6%)	12mo	$430,000	$282	45
1474 Gesna Dr	0.58mi	3/2.0	1,422 (-12%)	13mo	$350,000	$246	42
7712 Tobruk Ct	0.49mi	4/2.5 (+1)	1,834 (+13%)	18mo	$490,000	$267	33
9 Lexington Rd	0.75mi	3/3.5	1,854 (+14%)	14mo	$515,000	$278	24

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 · 1.41% rent growth · sell at horizon

5-year hold

• IRR: 64.6%
• Equity multiple: 3.82×
• Total profit: $78,266
• Equity at exit: $14,761

10-year hold

• IRR: 68.5%
• Equity multiple: 7.41×
• Total profit: $177,741
• Equity at exit: $8,560

Cash invested: $27,720 (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 21076

• Home prices YoY: -33.9%
• Rents YoY: 1.4%
• Active inventory: 149
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $2,828 high
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$594
• Net cashflow: $1,550

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 40%

Sensitivity live

Price	-10% $1,618	-5% $1,584	+0% $1,550	+5% $1,516	+10% $1,482
Rent	-10% $1,327	-5% $1,438	+0% $1,550	+5% $1,662	+10% $1,773
Rate	-1.0pp $1,600	-0.5pp $1,575	base $1,550	+0.5pp $1,524	+1.0pp $1,498

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1624 Hardwick Ct #402 Hanover, MD	2.0	2.0	1407	$2,400	$1.71	45d	1	0.33mi
1707 Fieldstone Ct Hanover, MD	3.0	2.5	2100	$3,400	$1.62	23d	1	0.34mi
7557 Stoney Run Dr #101 Hanover, MD	2.0	2.0	1407	$2,350	$1.67	45d	1	0.43mi
7521 Mundell Rd Hanover, MD	3.0	3.5	1600	$2,750	$1.72	45d	1	0.64mi
1302 Hill Born Dr Hanover, MD	4.0	3.5	2224	$2,800	$1.26	6d	1	0.64mi
1440 Strahorn Rd Hanover, MD	2.0	2.5	1824	$3,000	$1.64	25d	1	0.67mi
7746 Kidwell Ct Hanover, MD	3.0	3.0	1700	$2,700	$1.59	0d	1	1.06mi
1811 Battlement Ct Severn, MD	2.0	1.0	1200	$1,600	$1.33	22d	1	1.12mi
7677 Fairbanks Ct Hanover, MD	4.0	1.5	1761	$2,250	$1.28	4d	1	1.15mi
1447 Pangbourne Way Hanover, MD	4.0	3.5	1450	$2,800	$1.93	45d	1	1.16mi
1432 Pangbourne Way Hanover, MD	3.0	2.5	2176	$3,050	$1.40	19d	1	1.19mi
8001 Laketowne Ct Severn, MD	2.0–3.0	1.0–1.5	1014	$2,694	$2.66	0d	19	1.33mi
1739 Theale Way Hanover, MD	3.0	2.5	2104	$3,200	$1.52	6d	1	1.34mi
1739 Theale Way Hanover, MD	3.0	2.5	2104	$3,200	$1.52	0d	1	1.34mi
2109 Piney Branch Cir Hanover, MD	1.0–3.0	1.0–2.0	979	$3,577	$3.65	0d	40	1.34mi
1743 Theale Way Hanover, MD	3.0	2.5	2074	$3,250	$1.57	25d	1	1.34mi
7694 Dorchester Blvd Hanover, MD	2.0	1.0–2.0	855	$3,198	$3.74	0d	13	1.46mi
1806 Watch House Cir N Severn, MD	3.0	2.5	1758	$2,750	$1.56	46d	1	1.47mi

Listing history 22 events

1. 2026-06-21
   days on market $99,000 Active 72 DOM
2. 2026-06-19
   price $99,000 Active 69 DOM
3. 2026-06-18
   days on market $100,000 Active 69 DOM
4. 2026-06-17
   days on market $100,000 Active 68 DOM
5. 2026-06-16
   days on market $100,000 Active 67 DOM
6. 2026-06-15
   days on market $100,000 Active 66 DOM
7. 2026-06-13
   days on market $100,000 Active 64 DOM
8. 2026-06-09
   days on market $100,000 Active 60 DOM
9. 2026-06-08
   days on market $100,000 Active 59 DOM
10. 2026-06-07
    days on market $100,000 Active 58 DOM
11. 2026-06-04
    days on market $100,000 Active 55 DOM
12. 2026-06-03
    days on market $100,000 Active 54 DOM
13. 2026-06-02
    days on market $100,000 Active 53 DOM
14. 2026-06-01
    days on market $100,000 Active 52 DOM
15. 2026-05-31
    days on market $100,000 Active 51 DOM
16. 2026-04-10
    listed $100,000 Active 739-char remark

    Show marketing remark (739 chars)

    Welcome to 130 A Chesapeake Mobile Ct in Hanover, MD, a well kept 3 bedroom and 2 full bath manufactured home offering comfortable and convenient living. This home features a functional layout with a spacious kitchen that’s great for everyday cooking and gatherings. The primary bedroom includes its own full bathroom, giving you a private space to relax, while the additional bedrooms offer flexibility for family, guests, or a home office. Located in Anne Arundel County, you’re just minutes from Arundel Mills Mall, Live! Casino & Hotel Maryland, restaurants, shopping, and major highways, making it easy to get around and enjoy everything nearby. Don’t miss out on this affordable home in a convenient location!

17. 2021-09-20
    historical
18. 2021-05-12
    price $80,000
19. 2021-05-12
    listed $80,000 Active
20. 2021-04-06
    price $90,000
21. 2021-04-06
    historical Active Under Contract
22. 2021-03-01
    listed $80,000 Active

ⓘ 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: $33,936
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$2,715
• − Management: −$2,715
• − Depreciation: −$2,880
• Taxable income: $18,101
• Est. tax owed @ 24.0%: −$4,344
• After-tax cash flow: $14,256/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 · 6 photos

Good 75/100 Cosmetic rehab

This well-maintained and attractive manufactured home is move-in ready with good condition and minimal repairs needed. Potential buyers and renters will appreciate the updates that can be made to further enhance its value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in kitchen and bathrooms — Improves functionality and aesthetics
• Both New kitchen appliances — Enhances functionality and aesthetics
• Both New bathroom fixtures — Enhances functionality and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in kitchen and bathrooms — Improves functionality and aesthetics ↑
• Both New kitchen appliances — Enhances functionality and aesthetics ↑
• Both New bathroom fixtures — Enhances functionality and aesthetics ↑

ⓘ 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: Anne Arundel County Public Schools
• NCES district ID: 2400060
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $87,880
• Composite: 28.52/100
• National rank: #6733
• State rank: #10 of 24 in MD

Livability — Severn

• Score: 70/100
• State rank: #175
• US rank: #7833

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Severn, MD
• County: Anne Arundel County · 535,653 people
• City population: 37,118
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,268
• Household income: $146,869
• Rent vs Own: 34.2% rent · 65.8% own
• Severe rent burden: 497.0

Population outlook (Anne Arundel County) Hauer SSP2

• Today (2025): 617,384 people
• By 2030: 642,094 · +4.0%
• By 2040: 686,621 · +11.2%
• By 2050: 723,031 · +17.1%
• By 2075: 809,346 · +31.1%
• By 2100: 837,658 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 37% Black 31% Asian 15% Hispanic / Latino 10% Two or more races 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 20% · Canada, South Korea, China
• Languages at home: 72% English-only · Spanish 8% Other Indo-European 5% Korean 4%

Political lean MEDSL · Anne Arundel

• 2024 margin: D (+13.9) · D 55.7% · R 41.7% · Other 2.6%
• 2008→2024 swing: +15.7pp toward D · 2008: -1.8pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+14.5 2016: D+0.7 2012: R+0.9 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -131.77%
• Current HPI: 257.5612
• Rent YoY: ▲ 1.41%
• 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

+25.0% since first listed

7 events — show timeline

• 2026-04-10 Listed $100,000 BRIGHT MLS
• 2021-09-20 Listing Removed — BRIGHT MLS
• 2021-05-12 Price Changed $80,000 BRIGHT MLS
• 2021-05-12 Listed $80,000 BRIGHT MLS
• 2021-04-06 Price Changed $90,000 BRIGHT MLS
• 2021-04-06 Contingent — BRIGHT MLS
• 2021-03-01 Listed $80,000 BRIGHT MLS