8423 Heartwood Rd · Jessup, MD 20794

$124,900

3 bd · 2.0 ba · 1,600 sqft · Manufactured · 3 Days on market

Built 1993

---

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
• Schools +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best Deal in the Park! Very Well Kept Doublewide on Beautiful Corner Lot in Sought After Brentwood Manor! Plenty of Space Inside w/ Big Kitchen & Breakfast Bar, Separate Dining Room, Large Living Room w/ Fireplace. Master Bedroom w/ Superbath, Soaking Tub, Separate Shower, Make-up Table & Big Walkin Closet. Nicely Landscaped Lot w/ Sundeck, Patio & Shed. Easy Access to Rt 32 & 175. Close to Ft Meade!

Key facts

• Recent updates
• Separate dining room
• Big corner lot

Tags

• BIG CORNER LOT
• RECENT UPDATES
• BIG KITCHEN
• BREAKFAST BAR
• SEPARATE DINING ROOM
• LARGE LIVING ROOM

Property features AI

Finance

• Other: Property condition listed as very good; Pets allowed with breed and size/weight restrictions; Mobile home make: Colony; dimensions approximately 28' x 60'
• HOA & community: Land lease community (Brentwood Manor); Land lease: $1,075 monthly with 100 years remaining

Exterior

• Parking: Driveway parking (2 spaces); Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer
• Home design: Manufactured double-wide home; Estimated year built; Above-grade living space
• Construction: Vinyl siding; Asphalt shingle roof; Replacement double-pane vinyl-clad windows with screens and skylights; Estimated construction details
• Exterior features: Corner lot with landscaping; Deck(s); Patio(s); Porch(es); Secure storage; Shed

Interior

• Kitchen: Refrigerator; Gas range/oven; Range hood; Dishwasher; Garbage disposal
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Laminate plank; Vinyl; Luxury vinyl tile
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Forced air heating; Propane (leased) heating fuel; Central air conditioning; Ceiling fans; Electric hot water
• Interior features: Country-style kitchen; Dining area; Crown moldings; Built-ins; Ceiling fans; Traditional floor plan; Walk-in closets; Cathedral ceilings; Soaking tub and separate stall shower; Tub/shower combination; Storm door
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $125k).

Location & tenants

• Location reads 65/100 on livability (#259 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: commute C-, schools F, crime D-.
• Howard County Public Schools (suburban): math 34% / reading 49% proficiency, ranked #1 of 24 in MD (top 4%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: 29 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 881 units permitted in Howard County in 2024 (285 in 5+ unit buildings).
• This rent runs 30% of the median local income ($116k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Howard County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 30y 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 $40k; list at $125k implies a 213% gain — meaningful room to come down on a strong offer.

Recommended offer $124,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 2.36% ✓
• Cap rate: 20.33%
• Cash-on-cash: 50.13%
• DSCR: 3.23
• GRM: 3.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 47.9%
• Equity multiple: 3.08×
• Total profit: $72,860
• Equity at exit: $18,623

10-year hold

• IRR: 53.5%
• Equity multiple: 6.25×
• Total profit: $183,448
• Equity at exit: $10,799

Cash invested: $34,972 (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 20794

• Home prices YoY: -34.4%
• Active inventory: 29
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $2,942 high
• Mortgage (P&I): −$655
• Tax est. 1.5%: −$156 /mo · $1,874/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$618
• Net cashflow: $1,461

Break-even live

Break-even rent $1,093

Max offer price $124,900

Occupancy floor 45%

Sensitivity live

Price	-10% $1,547	-5% $1,504	+0% $1,461	+5% $1,418	+10% $1,375
Rent	-10% $1,229	-5% $1,345	+0% $1,461	+5% $1,577	+10% $1,693
Rate	-1.0pp $1,524	-0.5pp $1,493	base $1,461	+0.5pp $1,429	+1.0pp $1,396

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8324 Stickley Ct #81 Jessup, MD	3.0	2.5	1920	$3,500	$1.82	11d	1	0.63mi
8324 Stickley Ct #81 Jessup, MD	3.0	2.5	1920	$3,500	$1.82	44d	1	0.63mi
Mission Jessup, MD	1.0–2.0	1.0–2.0	1052	$2,420	$2.30	3d	17	1.08mi
8346 Lincoln Dr Jessup, MD	4.0	3.5	2112	$3,200	$1.52	12d	1	1.11mi
8938 Oakwood Way Jessup, MD	2.0	2.0	1488	$2,295	$1.54	22d	1	1.38mi
8305 Ari Ct Jessup, MD	1.0–2.0	1.0–1.5	918	$2,100	$2.29	44d	1	1.41mi
7500 Hearthside Way Elkridge, MD	1.0–2.0	1.0–2.0	924	$2,430	$2.63	2d	16	1.42mi
8911 Oakwood Way Jessup, MD	2.0	2.5	1544	$2,500	$1.62	13d	1	1.43mi
7543 Hearthside Way Elkridge, MD	3.0	2.5	1780	$3,195	$1.79	22d	1	1.48mi
7549 Hearthside Way Elkridge, MD	3.0	2.5	1780	$3,000	$1.69	24d	1	1.48mi
7435 Singers Way Elkridge, MD	3.0	2.5	1960	$2,995	$1.53	22d	1	1.49mi

Listing history 4 events

1. 2026-06-18
   days on market $124,900 Active 3 DOM
2. 2026-06-17
   days on market $124,900 Active 2 DOM
3. 2026-06-16
   remarks 699-char remark
4. 2026-06-16
   listed $124,900 Active 1 DOM

ⓘ 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: $35,304
• − Mortgage interest: −$6,996
• − Property taxes: −$1,874
• − Insurance: −$624
• − Repairs & maintenance: −$2,824
• − Management: −$2,824
• − Depreciation: −$3,633
• Taxable income: $16,528
• Est. tax owed @ 24.0%: −$3,967
• After-tax cash flow: $13,566/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: Howard County Public Schools
• NCES district ID: 2400420
• Math proficiency: 34% ▼ -22.00%
• Reading proficiency: 49% ▼ -11.00%
• Median HH income: $108,056
• Composite: 41.23/100
• National rank: #3535
• State rank: #1 of 24 in MD

Livability — Jessup

• Score: 65/100
• State rank: #259
• US rank: #13254

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Howard County · 282,651 people
• City population: 17,327
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 16,814
• Household income: $116,406
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 255.0

Population outlook (Howard County) Hauer SSP2

• Today (2025): 367,857 people
• By 2030: 394,054 · +7.1%
• By 2040: 443,509 · +20.6%
• By 2050: 488,124 · +32.7%
• By 2075: 594,860 · +61.7%
• By 2100: 648,772 · +76.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Black 44% White 32% Hispanic / Latino 13% Asian 7% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 1% Slovak 1% Iranian 1%
• Foreign-born: 13% · Canada, Philippines, Jamaica
• Languages at home: 80% English-only · Spanish 11% Other Indo-European 4% Other Asian/Pacific 1%

Political lean MEDSL · Howard

• 2024 margin: Solid D (+41.8) · D 69.1% · R 27.4% · Other 3.5%
• 2008→2024 swing: +19.9pp toward D · 2008: 21.9pp · 2024: 41.8pp
• All cycles: 2024: D+41.8 2020: D+44.3 2016: D+33.5 2012: D+21.2 2008: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.91%
• Current HPI: 283.5564
• Rent YoY: —
• 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

+190.5% since first listed

17 events — show timeline

• 2026-06-15 Listed $124,900 BRIGHT MLS
• 2017-07-20 Sold (MLS) $39,900 MRIS
• 2017-07-20 Sold (MLS) $39,900 BRIGHT MLS
• 2017-06-10 Pending — MRIS
• 2017-06-06 Listed $39,900 MRIS
• 2017-06-06 Listed $39,900 BRIGHT MLS
• 2000-08-29 Sold (MLS) $38,600 MRIS
• 2000-08-14 Delisted — MRIS
• 2000-03-02 Listed $43,000 MRIS
• 1998-05-10 Delisted — MRIS
• 1997-10-28 Listed — MRIS
• 1997-10-14 Delisted — MRIS
• 1997-01-13 Listed — MRIS
• 1996-08-07 Delisted — MRIS
• 1996-07-08 Listed — MRIS
• 1996-07-04 Delisted — MRIS
• 1996-01-05 Listed — MRIS