2115 White House Rd · Bel Air North, MD 21015

$295,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 4 Days on market

Built 1950 0.46 ac lot Est $311k · 5% under

---

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 +14.1/30.0
• ARV discount +9.9/15.0
• DSCR +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.6/5.0
• 1% rule +3.1/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

A home with potential in a setting that’s hard to beat. This rancher-style home sits on a level . 46‑acre lot offering peaceful views and a sense of space. The main level includes 3 bedrooms and 1 full bath, a comfortable living room and a combined kitchen/dining area. The unfinished basement provides room for storage and includes washer/dryer hookups. Outside, the 22' x 28' detached garage with electric is ideal for vehicles, projects, or extra storage. The home needs a refresh but could be a great opportunity for a buyer who wants to update and customize a home rather than compete in the market for something already renovated. Enjoy country views, a usable lot, and the chance to mak

Key facts

• 0.46 acre lot
• 4 garage spots
• Built 1950

Property features AI

Exterior

• Parking: Detached garage with four spaces; Additional detached garage storage area; Garage door opener; Oversized garage with front entry; Driveway with two parking spaces; Gravel driveway; Total of six garage and parking spaces
• Utilities: Private water source; On-site septic system; Electric service for cooling and hot water
• Home design: Detached single-family structure; Level entry to main floor; Above-grade and below-grade living areas
• Construction: Aluminum siding exterior; Concrete perimeter foundation; Partial, unfinished basement with rear entrance and walkout level; Garage(s) on property
• Exterior features: Level lot with rear yard; Rural setting, not in development; Rear yard

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Three bedrooms on the main level
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air heating; Oil-fired heating; Central air conditioning; Electric hot water
• Interior features: Combination kitchen and dining area; Entry-level bedroom; Eat-in kitchen
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $43 ($515/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (18.8% below list).
• Recommended offer: $240k (18.8% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.2% in Bel Air North — 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 82/100 on livability (#35 in MD, #1,269 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, health & safety A+; Watch: crime C-, amenities C-, cost of living 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.
• Zoned schools: Dublin Elementary (math 17% / reading 22%, grade F, #353 of 860 statewide, top 45%, 212 students, 42% FRL); Southampton Middle (math 20% / reading 51%, grade F, #43 of 225 statewide, top 20%, 1,175 students, 21% FRL); C. Milton Wright High (math 65% / reading 63%, grade B-, #59 of 222 statewide, top 27%, 1,266 students, 23% FRL) — zoned schools at 29% FRL track the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 165 active listings in the ZIP; high-income renter base; 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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 29y 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,508 (18.8% below list)

Questions for the listing agent

1. Built in 1950 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
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: 0.81% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $311,472
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2115 White House Rd	0.00mi	3/1.0	1,008 (0%)	1mo	$311,000	$309	99
2127 White House Rd	0.10mi	4/1.0 (+1)	1,100 (+9%)	14mo	$240,000	$218	64
2600 Sandy Hook Rd	0.36mi	3/1.0	1,125 (+12%)	2mo	$387,000	$344	62

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 · 4.23% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.49×
• Total profit: $-42,151
• Equity at exit: $43,985

10-year hold

• IRR: -3.6%
• Equity multiple: 0.75×
• Total profit: $-20,889
• Equity at exit: $25,506

Cash invested: $82,600 (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 21015

• Rents YoY: 4.2%
• Active inventory: 165
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,395 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$179 /mo · $2,152/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $43

Break-even live

Break-even rent $2,341

Max offer price $295,000

Occupancy floor 93%

Sensitivity live

Price	-10% $210	-5% $126	+0% $43	+5% $-41	+10% $-124
Rent	-10% $-146	-5% $-52	+0% $43	+5% $137	+10% $232
Rate	-1.0pp $191	-0.5pp $118	base $43	+0.5pp $-34	+1.0pp $-111

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-19
   status Pending
2. 2026-04-21
   historical Active Under Contract
3. 2026-04-17
   listed $295,000 Active
4. 2026-04-07
   historical $295,000
5. 1997-10-13
   historical
6. 1997-06-11
   listed

ⓘ 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: $2,152 · $179/mo
• Projected year-2 tax: $2,684 · $224/mo
• Expected delta: +$532/yr (+$44/mo · 24.7%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 14 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,741
• − Mortgage interest: −$16,525
• − Property taxes: −$2,152
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − Depreciation: −$8,582
• Taxable loss: −$4,591
• Est. tax savings @ 24.0%: +$1,102
• After-tax cash flow: $1,616/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 — Bel Air North

• Score: 82/100
• State rank: #35
• US rank: #1269

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Harford County · 198,512 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 30,013
• Household income: $137,281
• Rent vs Own: 10.9% rent · 89.1% own
• Severe rent burden: 251.0

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: Predominantly White (79%)
• Race & ethnicity: White 79% Black 7% Two or more races 6% Asian 5% Hispanic / Latino 5%
• Common ancestry: Romanian 5% Italian 2% Lithuanian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 91% English-only · Spanish 3% Other Indo-European 2% Vietnamese 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: ▼ -211.26%
• Current HPI: 251.2512
• Rent YoY: ▲ 4.23%
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-19 Pending — BRIGHT MLS
• 2026-04-21 Contingent — BRIGHT MLS
• 2026-04-17 Listed $295,000 BRIGHT MLS
• 2026-04-07 Coming Soon $295,000 BRIGHT MLS
• 1997-10-13 Delisted — MRIS
• 1997-06-11 Listed — MRIS

Property tax history

+1.7%/yr

Latest (2025): $2,152 · +34.6% YoY. Source: county tax records.