1807 Sandee Ct · Edgewood, MD 21040

$29,000

2 bd · 2.0 ba · 2,000 sqft · SingleFamily · 153 Days on market

Built 1988 $14/sqft · 90% below area $753/mo HOA · 42% of rent ↓ 26% since listing

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a prime investment opportunity in the sought-after VAN BIBBER subdivision. This well-maintained manufactured home, built in 1988, offers a solid foundation for generating rental income or enhancing your real estate portfolio. With 2 spacious bedrooms and 2 full bathrooms, this property is designed for comfort and functionality, making it an attractive option for potential tenants. The home features a unique architectural style that stands out in the neighborhood, constructed with durable frame and glass materials. The layout maximizes space, providing an inviting atmosphere that can easily be tailored to suit various tenant preferences. The absence of a pool simplifies maintenance, allowing for lower operational costs, while the driveway and on-street parking options enhance accessibility for residents and guests alike. Investors will appreciate the potential for steady cash flow in this area, known for its stable rental market. The property's design and location make it ideal for long-term rentals, appealing to a wide range of tenants seeking quality housing. With no homeowners association fees to contend with, your investment remains cost-effective, maximizing your return on investment. The property is situated in a community that values convenience and accessibility, with essential amenities and services just a short drive away. This strategic location not only enhances tenant satisfaction but also contributes to the property's long-term value appreciation. Whether you are a seasoned investor or looking to enter the real estate market, this property presents a compelling opportunity. With its solid structure, functional layout, and favorable market conditions, you can expect a reliable income stream and potential for future growth. Don't miss out on the chance to add this valuable asset to your portfolio. Schedule a viewing today and explore the possibilities that await! Sellers selling as is.

Key facts

• Built 1988
• Listed 153 days

🏷️ Possibly a rental listed for sale. The $29,000 price doesn't fit this home's estimated sale value (~$288,364) 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 single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $474 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $29k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.9% vs local median 5.5% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D, amenities D, crime F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.9%/yr); 94 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $200 of loan paydown is wiped out by about $870 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.

Recommended offer $25,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 6.23% ✓
• Cap rate: 25.91%
• Cash-on-cash: 70.05%
• DSCR: 4.12
• GRM: 1.3

CMA / ARV

• ARV (median comp): $288,364
• List price: $29,000
• Delta: -89.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1943 Melvin	0.19mi	3/2.0 (+1)	2,000 (0%)	22mo	$90,000	$45	68
1812 Sandee Ct	0.04mi	3/2.0 (+1)	2,200 (+10%)	15mo	$77,500	$35	64
1826 Emily Dr	0.32mi	3/2.0 (+1)	1,700 (-15%)	1mo	$99,000	$58	54

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 74.7%
• Equity multiple: 4.64×
• Total profit: $29,536
• Equity at exit: $4,324

10-year hold

• IRR: 79.6%
• Equity multiple: 11.07×
• Total profit: $81,763
• Equity at exit: $2,507

Cash invested: $8,120 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 94
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $1,807 medium
• Mortgage (P&I): −$152
• Tax est. 1.5%: −$36 /mo · $435/yr
• Insurance: −$12
• HOA: −$753
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $474

Break-even live

Break-even rent $1,207

Max offer price $29,000

Occupancy floor 69%

Sensitivity live

Price	-10% $494	-5% $484	+0% $474	+5% $464	+10% $454
Rent	-10% $331	-5% $403	+0% $474	+5% $545	+10% $617
Rate	-1.0pp $489	-0.5pp $481	base $474	+0.5pp $466	+1.0pp $459

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: $7,250
• Closing costs: $870
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1758 Brookside Dr Unit 1 Edgewood, MD	1.0	1.5	1600	$950	$0.59	13d	1	0.21mi
807 W Spring Meadow Ct Edgewood, MD	3.0	1.5	1400	$1,850	$1.32	44d	1	0.75mi
700 Saint Peters Ct Edgewood, MD	3.0	1.5	1524	$1,100	$0.72	18d	1	0.84mi
705 Bayberry Rd Edgewood, MD	3.0	1.5	1657	$2,600	$1.57	18d	1	0.88mi

HOA detail

• Monthly dues: $753 · $9,036/yr
• Likely covers: pool

Listing history 18 events

1. 2026-06-18
   days on market $29,000 Active 153 DOM
2. 2026-06-17
   days on market $29,000 Active 152 DOM
3. 2026-06-16
   days on market $29,000 Active 151 DOM
4. 2026-06-15
   days on market $29,000 Active 150 DOM
5. 2026-06-13
   days on market $29,000 Active 148 DOM
6. 2026-06-09
   days on market $29,000 Active 144 DOM
7. 2026-06-08
   days on market $29,000 Active 143 DOM
8. 2026-06-07
   days on market $29,000 Active 142 DOM
9. 2026-06-04
   days on market $29,000 Active 139 DOM
10. 2026-06-03
    days on market $29,000 Active 138 DOM
11. 2026-06-02
    days on market $29,000 Active 137 DOM
12. 2026-06-01
    days on market $29,000 Active 136 DOM
13. 2026-05-31
    days on market $29,000 Active 135 DOM
14. 2026-05-04
    price $29,000 1938-char remark

    Show marketing remark (1938 chars)

    Discover a prime investment opportunity in the sought-after VAN BIBBER subdivision. This well-maintained manufactured home, built in 1988, offers a solid foundation for generating rental income or enhancing your real estate portfolio. With 2 spacious bedrooms and 2 full bathrooms, this property is designed for comfort and functionality, making it an attractive option for potential tenants. The home features a unique architectural style that stands out in the neighborhood, constructed with durable frame and glass materials. The layout maximizes space, providing an inviting atmosphere that can easily be tailored to suit various tenant preferences. The absence of a pool simplifies maintenance, allowing for lower operational costs, while the driveway and on-street parking options enhance accessibility for residents and guests alike. Investors will appreciate the potential for steady cash flow in this area, known for its stable rental market. The property's design and location make it ideal for long-term rentals, appealing to a wide range of tenants seeking quality housing. With no homeowners association fees to contend with, your investment remains cost-effective, maximizing your return on investment. The property is situated in a community that values convenience and accessibility, with essential amenities and services just a short drive away. This strategic location not only enhances tenant satisfaction but also contributes to the property's long-term value appreciation. Whether you are a seasoned investor or looking to enter the real estate market, this property presents a compelling opportunity. With its solid structure, functional layout, and favorable market conditions, you can expect a reliable income stream and potential for future growth. Don't miss out on the chance to add this valuable asset to your portfolio. Schedule a viewing today and explore the possibilities that await! Sellers selling as is.

15. 2026-04-28
    price $32,900 1938-char remark

    Show marketing remark (1938 chars)

    Discover a prime investment opportunity in the sought-after VAN BIBBER subdivision. This well-maintained manufactured home, built in 1988, offers a solid foundation for generating rental income or enhancing your real estate portfolio. With 2 spacious bedrooms and 2 full bathrooms, this property is designed for comfort and functionality, making it an attractive option for potential tenants. The home features a unique architectural style that stands out in the neighborhood, constructed with durable frame and glass materials. The layout maximizes space, providing an inviting atmosphere that can easily be tailored to suit various tenant preferences. The absence of a pool simplifies maintenance, allowing for lower operational costs, while the driveway and on-street parking options enhance accessibility for residents and guests alike. Investors will appreciate the potential for steady cash flow in this area, known for its stable rental market. The property's design and location make it ideal for long-term rentals, appealing to a wide range of tenants seeking quality housing. With no homeowners association fees to contend with, your investment remains cost-effective, maximizing your return on investment. The property is situated in a community that values convenience and accessibility, with essential amenities and services just a short drive away. This strategic location not only enhances tenant satisfaction but also contributes to the property's long-term value appreciation. Whether you are a seasoned investor or looking to enter the real estate market, this property presents a compelling opportunity. With its solid structure, functional layout, and favorable market conditions, you can expect a reliable income stream and potential for future growth. Don't miss out on the chance to add this valuable asset to your portfolio. Schedule a viewing today and explore the possibilities that await! Sellers selling as is.

16. 2026-02-11
    price $34,900 1938-char remark

    Show marketing remark (1938 chars)

    Discover a prime investment opportunity in the sought-after VAN BIBBER subdivision. This well-maintained manufactured home, built in 1988, offers a solid foundation for generating rental income or enhancing your real estate portfolio. With 2 spacious bedrooms and 2 full bathrooms, this property is designed for comfort and functionality, making it an attractive option for potential tenants. The home features a unique architectural style that stands out in the neighborhood, constructed with durable frame and glass materials. The layout maximizes space, providing an inviting atmosphere that can easily be tailored to suit various tenant preferences. The absence of a pool simplifies maintenance, allowing for lower operational costs, while the driveway and on-street parking options enhance accessibility for residents and guests alike. Investors will appreciate the potential for steady cash flow in this area, known for its stable rental market. The property's design and location make it ideal for long-term rentals, appealing to a wide range of tenants seeking quality housing. With no homeowners association fees to contend with, your investment remains cost-effective, maximizing your return on investment. The property is situated in a community that values convenience and accessibility, with essential amenities and services just a short drive away. This strategic location not only enhances tenant satisfaction but also contributes to the property's long-term value appreciation. Whether you are a seasoned investor or looking to enter the real estate market, this property presents a compelling opportunity. With its solid structure, functional layout, and favorable market conditions, you can expect a reliable income stream and potential for future growth. Don't miss out on the chance to add this valuable asset to your portfolio. Schedule a viewing today and explore the possibilities that await! Sellers selling as is.

17. 2026-01-16
    listed $39,000 Active 1938-char remark

    Show marketing remark (1938 chars)

    Discover a prime investment opportunity in the sought-after VAN BIBBER subdivision. This well-maintained manufactured home, built in 1988, offers a solid foundation for generating rental income or enhancing your real estate portfolio. With 2 spacious bedrooms and 2 full bathrooms, this property is designed for comfort and functionality, making it an attractive option for potential tenants. The home features a unique architectural style that stands out in the neighborhood, constructed with durable frame and glass materials. The layout maximizes space, providing an inviting atmosphere that can easily be tailored to suit various tenant preferences. The absence of a pool simplifies maintenance, allowing for lower operational costs, while the driveway and on-street parking options enhance accessibility for residents and guests alike. Investors will appreciate the potential for steady cash flow in this area, known for its stable rental market. The property's design and location make it ideal for long-term rentals, appealing to a wide range of tenants seeking quality housing. With no homeowners association fees to contend with, your investment remains cost-effective, maximizing your return on investment. The property is situated in a community that values convenience and accessibility, with essential amenities and services just a short drive away. This strategic location not only enhances tenant satisfaction but also contributes to the property's long-term value appreciation. Whether you are a seasoned investor or looking to enter the real estate market, this property presents a compelling opportunity. With its solid structure, functional layout, and favorable market conditions, you can expect a reliable income stream and potential for future growth. Don't miss out on the chance to add this valuable asset to your portfolio. Schedule a viewing today and explore the possibilities that await! Sellers selling as is.

18. 2026-01-16
    historical $39,000 1938-char remark

    Show marketing remark (1938 chars)

    Discover a prime investment opportunity in the sought-after VAN BIBBER subdivision. This well-maintained manufactured home, built in 1988, offers a solid foundation for generating rental income or enhancing your real estate portfolio. With 2 spacious bedrooms and 2 full bathrooms, this property is designed for comfort and functionality, making it an attractive option for potential tenants. The home features a unique architectural style that stands out in the neighborhood, constructed with durable frame and glass materials. The layout maximizes space, providing an inviting atmosphere that can easily be tailored to suit various tenant preferences. The absence of a pool simplifies maintenance, allowing for lower operational costs, while the driveway and on-street parking options enhance accessibility for residents and guests alike. Investors will appreciate the potential for steady cash flow in this area, known for its stable rental market. The property's design and location make it ideal for long-term rentals, appealing to a wide range of tenants seeking quality housing. With no homeowners association fees to contend with, your investment remains cost-effective, maximizing your return on investment. The property is situated in a community that values convenience and accessibility, with essential amenities and services just a short drive away. This strategic location not only enhances tenant satisfaction but also contributes to the property's long-term value appreciation. Whether you are a seasoned investor or looking to enter the real estate market, this property presents a compelling opportunity. With its solid structure, functional layout, and favorable market conditions, you can expect a reliable income stream and potential for future growth. Don't miss out on the chance to add this valuable asset to your portfolio. Schedule a viewing today and explore the possibilities that await! Sellers selling as is.

ⓘ 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: $21,682
• − Mortgage interest: −$1,624
• − Property taxes: −$435
• − Insurance: −$145
• − Repairs & maintenance: −$1,735
• − Management: −$1,735
• − HOA: −$9,036
• − Depreciation: −$844
• Taxable income: $6,129
• Est. tax owed @ 24.0%: −$1,471
• After-tax cash flow: $4,217/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: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

Livability — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 198,512 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 859.0

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• 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

-25.6% since first listed

5 events — show timeline

• 2026-05-04 Price Changed $29,000 BRIGHT MLS
• 2026-04-28 Price Changed $32,900 BRIGHT MLS
• 2026-02-11 Price Changed $34,900 BRIGHT MLS
• 2026-01-16 Listed $39,000 BRIGHT MLS
• 2026-01-16 Coming Soon $39,000 BRIGHT MLS