10 Stony Dr · North East, MD 21921

$90,300

3 bd · 2.0 ba · 924 sqft · SingleFamily · 40 Days on market

Built 2026 Excellent condition $98/sqft · 71% above 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 +5.0/5.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover this exceptional new construction mobile home in the recently paved Stoney Chase Court subdivision, set to be completed in 2026. This single-wide manufactured home by Superior offers a spacious layout with 3 bedrooms and 2 full bathrooms, featuring a traditional floor plan that maximizes comfort and functionality. Enjoy the convenience of an entry-level bedroom and a primary bath with a tub shower. The kitchen comes equipped with essential appliances, including an electric oven/range and refrigerator. Embrace the opportunity to personalize this space to your taste and enjoy the benefits of new construction living. Don't miss out on this promising investment!

Key facts

• Built 2026
• Listed 39 days

Property features AI

Finance

• Other: Ownership is ground rent
• Financial info: Ground rent exists ($700 monthly)

Exterior

• Parking: On-street parking
• Utilities: Private/community water; Private sewer; No municipal trash service
• Home design: Manufactured home; Single wide (approximately 14 ft by 66 ft); Construction not completed; Estimated year built
• Construction: Vinyl siding; Asphalt roof; Above-grade structure
• Exterior features: Not in a federal flood zone; Located outside city limits; Cross street: Mechanics Valley Road; Property to be delivered on a currently vacant lot in Stoney Chase

Interior

• Kitchen: Electric oven/range; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level; Two full bathrooms total
• Heating & cooling: Heat pump with electric backup; Central air conditioning; Electric heating fuel; Electric hot water
• Interior features: Traditional floor plan; Entry-level bedroom; Master bath(s); Tub with shower
• Laundry & utility: Water heater (electric)

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $960 ($12k/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: $88k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.0% vs local median 3.2% in North East — 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 (#164 in MD) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, schools D-, crime D-.
• 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); 207 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $624 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.3% 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 40 days — a 3% lower offer ($88k) is reasonable based on typical stale-listing flexibility.

Recommended offer $87,591 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 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 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?
4. 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?
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: 2.22% ✓
• Cap rate: 19.04%
• Cash-on-cash: 45.54%
• DSCR: 3.03
• GRM: 3.8

CMA / ARV

• ARV (median comp): $52,816
• List price: $90,300
• Delta: 70.97%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.32% rent growth · sell at horizon

5-year hold

• IRR: 41.9%
• Equity multiple: 2.79×
• Total profit: $45,147
• Equity at exit: $13,464

10-year hold

• IRR: 47.8%
• Equity multiple: 5.45×
• Total profit: $112,613
• Equity at exit: $7,807

Cash invested: $25,284 (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: 207
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $2,004 medium
• Mortgage (P&I): −$474
• Tax est. 1.5%: −$113 /mo · $1,354/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $960

Break-even live

Break-even rent $790

Max offer price $90,300

Occupancy floor 47%

Sensitivity live

Price	-10% $1,022	-5% $991	+0% $960	+5% $928	+10% $897
Rent	-10% $801	-5% $880	+0% $960	+5% $1,039	+10% $1,118
Rate	-1.0pp $1,005	-0.5pp $982	base $960	+0.5pp $936	+1.0pp $912

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: $22,575
• Closing costs: $2,709
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Chesapeake Ridge Ln North East, MD	1.0–3.0	1.0–2.0	1079	$2,207	$2.05	0d	17	1.49mi

Listing history 15 events

1. 2026-06-21
   days on market $90,300 Coming Soon 40 DOM
2. 2026-06-18
   days on market $90,300 Coming Soon 37 DOM
3. 2026-06-17
   days on market $90,300 Coming Soon 36 DOM
4. 2026-06-16
   days on market $90,300 Coming Soon 35 DOM
5. 2026-06-15
   days on market $90,300 Coming Soon 34 DOM
6. 2026-06-13
   days on market $90,300 Coming Soon 32 DOM
7. 2026-06-09
   days on market $90,300 Coming Soon 28 DOM
8. 2026-06-08
   days on market $90,300 Coming Soon 27 DOM
9. 2026-06-07
   days on market $90,300 Coming Soon 26 DOM
10. 2026-06-04
    days on market $90,300 Coming Soon 23 DOM
11. 2026-06-03
    days on market $90,300 Coming Soon 22 DOM
12. 2026-06-02
    days on market $90,300 Coming Soon 21 DOM
13. 2026-06-01
    days on market $90,300 Coming Soon 20 DOM
14. 2026-05-31
    days on market $90,300 Coming Soon 19 DOM
15. 2026-05-12
    historical $90,300 675-char remark

ⓘ 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: $24,054
• − Mortgage interest: −$5,058
• − Property taxes: −$1,354
• − Insurance: −$452
• − Repairs & maintenance: −$1,924
• − Management: −$1,924
• − Depreciation: −$2,627
• Taxable income: $10,714
• Est. tax owed @ 24.0%: −$2,571
• After-tax cash flow: $8,943/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

Excellent 100/100 None rehab

This new construction mobile home is move-in ready with no visible repairs or maintenance needed. It offers a spacious layout with 3 bedrooms and 2 full bathrooms, ideal for investment.

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 — North East

• Score: 70/100
• State rank: #164
• US rank: #7366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cecil County · 65,041 people
• City population: 19,514
• 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

1 event — show timeline

• 2026-05-12 Coming Soon $90,300 BRIGHT MLS