3140 E Joppa Rd · Carney, MD 21234

$179,900

2 bd · 1.0 ba · 850 sqft · SingleFamily public records · 21 Days on market

Built 1934 4,900 sqft lot $212/sqft · 26% below area Est $244k · 26% under ↓ 5% 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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.4/10.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

"Attention investors! This 2-bedroom, 1-bath home is a prime opportunity for your next project. Featuring a solid layout and a spacious backyard, this property is being sold 'as-is, ' making it an ideal candidate for a complete renovation or a lucrative rental. Bring your vision and tools to unlock this home's true value in a growing neighborhood. "

Key facts

• 4,900 sq ft lot
• Parking
• Built 1934

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Driveway parking (1 space); Total of 1 garage/parking space
• Utilities: Public water; Public sewer; Electric service (standard)
• Home design: Detached structure; Entry level: main-level bedrooms and bath
• Construction: Combination construction; Concrete perimeter foundation; Above-grade and below-grade structures; Built year per assessor
• Exterior features: Corner lot; No tidal water

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Natural gas heating; Hot water provided by natural gas; Other heating type
• Interior features: Unfinished basement; Finished above-grade living space per assessor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.6% in Carney — 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 78/100 on livability (#73 in MD, #2,656 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, commute A, employment A; Watch: cost of living C-, amenities D+, crime D-.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.7%/yr); 225 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $50k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1934 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $177,201 (1.5% below list)

Questions for the listing agent

1. Built in 1934 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.04% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.03%
• DSCR: 1.27
• GRM: 8.0

CMA / ARV

• ARV (median comp): $244,205
• List price: $179,900
• Delta: -26.33%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3409 Glenside Dr	0.55mi	3/1.0 (+1)	910 (+7%)	23mo	$265,000	$291	38

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.88×
• Total profit: $-5,829
• Equity at exit: $26,824

10-year hold

• IRR: 10.4%
• Equity multiple: 1.94×
• Total profit: $47,529
• Equity at exit: $15,554

Cash invested: $50,372 (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 21234

• Rents YoY: 6.7%
• Active inventory: 225
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,869 high
• Mortgage (P&I): −$943
• Tax from tax record: −$205 /mo · $2,461/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $253

Break-even live

Break-even rent $1,549

Max offer price $179,900

Occupancy floor 81%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9608 9th Ave Parkville, MD	3.0	1.5	1040	$2,200	$2.12	5d	1	0.11mi
9150 Parkland Rd Parkville, MD	1.0–2.0	1.0–1.5	931	$1,530	$1.64	2d	57	0.61mi
8501 Walther Blvd Nottingham, MD	1.0–2.0	1.0	780	$1,629	$2.09	2d	21	0.94mi
55 Insley Way Nottingham, MD	2.0–3.0	1.0–1.5	820	$1,571	$1.92	13d	15	0.94mi
8507 Gradien Dr Baltimore, MD	3.0	1.5	1056	$2,100	$1.99	24d	1	0.98mi
7935 Belridge Rd Nottingham, MD	1.0–3.0	1.0–1.5	974	$1,858	$1.91	2d	17	1.22mi
8417 Nunley Dr Parkville, MD	1.0–3.0	1.0–2.0	812	$1,800	$2.22	24d	1	1.24mi
1 Dalmeny Ct Parkville, MD	1.0–2.0	1.0	735	$1,680	$2.28	2d	13	1.27mi
2219 Lowells Glen Rd Unit K Parkville, MD	2.0	2.0	1017	$1,650	$1.62	24d	1	1.41mi

Listing history 6 events

1. 2026-06-02
   statusdays on market $179,900 Pending 21 DOM
2. 2026-06-01
   days on market $179,900 Active 20 DOM
3. 2026-05-31
   days on market $179,900 Active 19 DOM
4. 2026-05-17
   price $179,900 361-char remark
5. 2026-05-13
   listed $189,000 Active 361-char remark
6. 2026-05-11
   historical $189,000 361-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $2,461 · $205/mo
• Projected year-2 tax: $2,461 · $205/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,431
• − Mortgage interest: −$10,077
• − Property taxes: −$2,461
• − Insurance: −$900
• − Repairs & maintenance: −$1,794
• − Management: −$1,794
• − Depreciation: −$5,233
• Taxable income: $171
• Est. tax owed @ 24.0%: −$41
• After-tax cash flow: $2,998/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: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Carney

• Score: 78/100
• State rank: #73
• US rank: #2656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carney, MD
• County: Baltimore County · 769,527 people
• City population: 65,010
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 1%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

-4.8% since first listed

4 events — show timeline

• 2026-06-02 Pending — BRIGHT MLS
• 2026-05-17 Price Changed $179,900 BRIGHT MLS
• 2026-05-13 Listed $189,000 BRIGHT MLS
• 2026-05-11 Coming Soon $189,000 BRIGHT MLS

Property tax history

+6.3%/yr

Latest (2025): $2,461 · +1.9% YoY. Source: county tax records.