53 Queen Eleanor Dr · Elkton, MD 21921

$129,900

3 bd · 2.0 ba · 1,680 sqft · SingleFamily · 55 Days on market

Built 2006 Good condition $77/sqft · 40% above area Est $93k · 40% over ↓ 6% since listing

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Why this score? — see what drove the C+ 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
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Schools +2.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This meticulously kept manufactured home is brimming with undeniable charm, featuring three spacious bedrooms and two full baths. It exudes warmth and welcoming vibes, enhanced by a fresh and tastefully painted interior with a fireplace in the living room to keep you cozy on cooler nights. Worry less about additional expenses, knowing that all of the following have been updated within the past 5 years: roof, HVAC system, water heater, washer, dryer, stove, microwave, fridge, countertops in the kitchen and baths, as well as flooring throughout. Step outside to greet the morning or unwind during the evening on your nice-sized deck, perfectly suited for relaxation or entertaining. Also included is a shed for all your storage needs, alongside a separate storage bin for additional space. The ground rent includes your annual taxes, water, sewer, and trash. This home intertwines functionality with charm and is move-in ready to welcome its new owners. Make this your new place to call home. Contact us for a viewing today.

Key facts

• Refrigerator
• Washer and dryer set
• Hvac system

Tags

• FRESHLY PAINTED INTERIOR
• FIREPLACE IN LIVING ROOM
• HVAC SYSTEM
• NEW ROOF
• WASHER AND DRYER SET
• REFRIGERATOR

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $766 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 4.1% in Elkton — 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 65/100 on livability (#261 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: schools F, crime F, commute F.
• Cecil County Public Schools (rural): math 15% / reading 30% proficiency, ranked #15 of 24 in MD (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.3%/yr); 204 active listings in the ZIP; solid renter incomes; 563 units permitted in Cecil County in 2024 (330 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.

Recommended offer $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.62% ✓
• Cap rate: 13.37%
• Cash-on-cash: 25.26%
• DSCR: 2.12
• GRM: 5.1

CMA / ARV

• ARV (median comp): $92,852
• List price: $129,900
• Delta: 39.90%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1 Robin Hood Dr	0.16mi	2/2.0 (-1)	1,700 (+1%)	6mo	$110,000	$65	80
10 Queen Eleanor Dr	0.07mi	3/2.0	1,500 (-11%)	14mo	$105,000	$70	67
57 Queen Eleanor	0.02mi	3/2.0	1,500 (-11%)	16mo	$70,000	$47	67
15 Saint Michaels Ct	0.16mi	4/2.0 (+1)	1,872 (+11%)	15mo	$89,900	$48	56
15 Barbara Ln	0.74mi	2/2.0 (-1)	1,748 (+4%)	1mo	$266,500	$152	52
3303 Old Elk Neck Rd	0.49mi	2/1.5 (-1)	1,792 (+7%)	8mo	$405,000	$226	52
69 Hollis Cir	0.20mi	3/2.0	1,456 (-13%)	21mo	$285,000	$196	51

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: 18.0%
• Equity multiple: 1.72×
• Total profit: $26,313
• Equity at exit: $19,369

10-year hold

• IRR: 26.0%
• Equity multiple: 3.20×
• Total profit: $80,039
• Equity at exit: $11,231

Cash invested: $36,372 (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 21921

• Rents YoY: 2.3%
• Active inventory: 204
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,105 medium
• Mortgage (P&I): −$681
• Tax est. 1.5%: −$162 /mo · $1,948/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $766

Break-even live

Break-even rent $1,136

Max offer price $129,900

Occupancy floor 59%

Sensitivity live

Price	-10% $855	-5% $810	+0% $766	+5% $721	+10% $676
Rent	-10% $599	-5% $682	+0% $766	+5% $849	+10% $932
Rate	-1.0pp $831	-0.5pp $799	base $766	+0.5pp $732	+1.0pp $698

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $129,900 Active 55 DOM
2. 2026-06-17
   days on market $129,900 Active 54 DOM
3. 2026-06-16
   days on market $129,900 Active 53 DOM
4. 2026-06-15
   days on market $129,900 Active 52 DOM
5. 2026-06-13
   days on market $129,900 Active 50 DOM
6. 2026-06-09
   days on market $129,900 Active 46 DOM
7. 2026-06-08
   days on market $129,900 Active 45 DOM
8. 2026-06-07
   days on market $129,900 Active 44 DOM
9. 2026-06-04
   days on market $129,900 Active 41 DOM
10. 2026-06-03
    days on market $129,900 Active 40 DOM
11. 2026-06-02
    days on market $129,900 Active 39 DOM
12. 2026-06-01
    days on market $129,900 Active 38 DOM
13. 2026-05-31
    days on market $129,900 Active 37 DOM
14. 2026-05-11
    historical Active Under Contract 1028-char remark

    Show marketing remark (1028 chars)

    This meticulously kept manufactured home is brimming with undeniable charm, featuring three spacious bedrooms and two full baths. It exudes warmth and welcoming vibes, enhanced by a fresh and tastefully painted interior with a fireplace in the living room to keep you cozy on cooler nights. Worry less about additional expenses, knowing that all of the following have been updated within the past 5 years: roof, HVAC system, water heater, washer, dryer, stove, microwave, fridge, countertops in the kitchen and baths, as well as flooring throughout. Step outside to greet the morning or unwind during the evening on your nice-sized deck, perfectly suited for relaxation or entertaining. Also included is a shed for all your storage needs, alongside a separate storage bin for additional space. The ground rent includes your annual taxes, water, sewer, and trash. This home intertwines functionality with charm and is move-in ready to welcome its new owners. Make this your new place to call home. Contact us for a viewing today.

15. 2026-04-23
    price $149,900 1028-char remark

    Show marketing remark (1028 chars)

    This meticulously kept manufactured home is brimming with undeniable charm, featuring three spacious bedrooms and two full baths. It exudes warmth and welcoming vibes, enhanced by a fresh and tastefully painted interior with a fireplace in the living room to keep you cozy on cooler nights. Worry less about additional expenses, knowing that all of the following have been updated within the past 5 years: roof, HVAC system, water heater, washer, dryer, stove, microwave, fridge, countertops in the kitchen and baths, as well as flooring throughout. Step outside to greet the morning or unwind during the evening on your nice-sized deck, perfectly suited for relaxation or entertaining. Also included is a shed for all your storage needs, alongside a separate storage bin for additional space. The ground rent includes your annual taxes, water, sewer, and trash. This home intertwines functionality with charm and is move-in ready to welcome its new owners. Make this your new place to call home. Contact us for a viewing today.

16. 2026-04-07
    listed $159,900 Active 1028-char remark

    Show marketing remark (1028 chars)

    This meticulously kept manufactured home is brimming with undeniable charm, featuring three spacious bedrooms and two full baths. It exudes warmth and welcoming vibes, enhanced by a fresh and tastefully painted interior with a fireplace in the living room to keep you cozy on cooler nights. Worry less about additional expenses, knowing that all of the following have been updated within the past 5 years: roof, HVAC system, water heater, washer, dryer, stove, microwave, fridge, countertops in the kitchen and baths, as well as flooring throughout. Step outside to greet the morning or unwind during the evening on your nice-sized deck, perfectly suited for relaxation or entertaining. Also included is a shed for all your storage needs, alongside a separate storage bin for additional space. The ground rent includes your annual taxes, water, sewer, and trash. This home intertwines functionality with charm and is move-in ready to welcome its new owners. Make this your new place to call home. Contact us for a viewing today.

ⓘ 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: $25,266
• − Mortgage interest: −$7,276
• − Property taxes: −$1,948
• − Insurance: −$650
• − Repairs & maintenance: −$2,021
• − Management: −$2,021
• − Depreciation: −$3,779
• Taxable income: $7,570
• Est. tax owed @ 24.0%: −$1,817
• After-tax cash flow: $7,371/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 · 1 photo

Good 80/100 Cosmetic rehab

This meticulously maintained manufactured home offers a good condition with updated systems and a fresh exterior. Painting the interior and upgrading the deck can further enhance its value.

Value-add opportunities

• Resale painting the interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both upgrading the deck — A modern deck can increase both resale and rental value

Renovation cost estimate screening

Value-add ROI direction

• Resale painting the interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both upgrading the deck — A modern deck can increase both resale and 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: Cecil County Public Schools
• NCES district ID: 2400240
• Math proficiency: 15% ▼ -21.00%
• Reading proficiency: 30% ▼ -15.00%
• Median HH income: $66,544
• Composite: 21.51/100
• National rank: #8322
• State rank: #15 of 24 in MD

Livability — Elkton

• Score: 65/100
• State rank: #261
• US rank: #13293

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cecil County · 65,041 people
• City population: 45,527
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 45,527
• Household income: $85,775
• Rent vs Own: 30.2% rent · 69.8% own
• Severe rent burden: 1438.0

Population outlook (Cecil County) Hauer SSP2

• Today (2025): 105,877 people
• By 2030: 106,905 · +1.0%
• By 2040: 107,156 · +1.2%
• By 2050: 104,170 · -1.6%
• By 2075: 95,771 · -9.5%
• By 2100: 82,381 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 9% Two or more races 8% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 6% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Cecil

• 2024 margin: Solid R (+30.9) · D 33.5% · R 64.4% · Other 2.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -14.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+26.6 2016: R+35.3 2012: R+20.4 2008: R+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -192.67%
• Current HPI: 253.7641
• Rent YoY: ▲ 2.32%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-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

-6.3% since first listed

3 events — show timeline

• 2026-05-11 Contingent — BRIGHT MLS
• 2026-04-23 Price Changed $149,900 BRIGHT MLS
• 2026-04-07 Listed $159,900 BRIGHT MLS