3432 Gaither Rd · Milford Mill, MD 21244

$195,900

3 bd · 1.5 ba · 1,670 sqft · Townhouse public records · 14 Days on market

Built 1959 5,617 sqft lot Est $281k · 30% under

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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 +28.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Seller reviewing multiple offers. Highest and Best due by close of business, Friday, February 27th. SHORT SALE, THIRD PARTY APPROVAL REQUIRED. SALE BEING NEGOTIATED BY PROFESSIONAL SHORT SALE NEGOTIATOR. PROERTY IN DISREPAIR AND MAY NOT QUALIFY FOR FHA FINANCING. NEEDS COMPLETE REHAB. SOLD "AS IS, WHERE IS. " A BLANK SLATE BUT HOME IS BRIGHT AND SPACIOUS ON A NICE LOT. EXCELLENT, POTENTIAL. GREAT IDEA TO HAVE YOUR CONTRACTOR ACCOMPANY ON VISIT.

Key facts

• Built 1959
• Listed 14 days

Property features AI

Finance

• Financial info: Ownership is fee simple; Lease not considered

Exterior

• Parking: On-street parking
• Utilities: Electric cooling fuel; Natural gas heating fuel; Public water; Public sewer
• Home design: Semi-detached home; Entry facing direction not specified
• Construction: Brick and vinyl siding exterior; Block foundation; Above-grade and below-grade structures; Built year per assessor
• Exterior features: Public water and public sewer; Bus stop within one mile

Interior

• Kitchen: Kitchen
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom; 1 half bathroom on a lower level
• Heating & cooling: 90% forced air heating (natural gas); Central air conditioning (electric)
• Interior features: Living room; Fireplace (1); Basement with connecting stairway and outside entrance

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $196k.

Deal economics

• At list price, monthly cash flow is $654 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $196k).
• Cap rate 10.3% vs local median 5.2% in Milford Mill — 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 75/100 on livability (#99 in MD, #3,838 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment B; Watch: crime F, amenities F.
• 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 (+3.9%/yr); 74 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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).
• This rent runs 37% of the median local income ($85k/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 $1k of loan paydown is wiped out by about $6k 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 + 3.9% rent growth), your $55k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 27y 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 $104k; list at $196k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,900

Questions for the listing agent

1. Built in 1959 — 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 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?
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: 1.33% ✓
• Cap rate: 10.30%
• Cash-on-cash: 14.31%
• DSCR: 1.64
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $280,560
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3536 Derby Shire Cir	0.57mi	2/2.5 (-1)	1,652 (-1%)	7mo	$292,000	$177	57
3859 Twin Lakes Ct	0.66mi	3/2.5	1,760 (+5%)	2mo	$269,000	$153	54
8123 Salt Lake Dr	0.68mi	3/2.5	1,760 (+5%)	3mo	$295,000	$168	53
3818 Twin Lakes Ct	0.64mi	3/2.5	1,760 (+5%)	8mo	$280,000	$159	51
3506 Derby Shire Cir	0.61mi	3/3.0	1,596 (-4%)	10mo	$270,000	$169	50
8106 Milford Garden Dr	0.29mi	4/3.0 (+1)	1,904 (+14%)	13mo	$385,000	$202	41
3728 Twin Lakes Ct	0.74mi	3/2.5	1,760 (+5%)	14mo	$280,000	$159	40
3518 Derby Shire Cir	0.60mi	3/1.5	1,832 (+10%)	22mo	$290,000	$158	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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: 5.7%
• Equity multiple: 1.22×
• Total profit: $12,267
• Equity at exit: $29,209

10-year hold

• IRR: 15.9%
• Equity multiple: 2.35×
• Total profit: $74,126
• Equity at exit: $16,938

Cash invested: $54,852 (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 21244

• Home prices YoY: -30.2%
• Rents YoY: 3.9%
• Active inventory: 74
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,608 high
• Mortgage (P&I): −$1,027
• Tax from tax record: −$297 /mo · $3,568/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$548
• Net cashflow: $654

Break-even live

Break-even rent $1,780

Max offer price $195,900

Occupancy floor 70%

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: $48,975
• Closing costs: $5,877
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3401 Gaither Rd Windsor Mill, MD	4.0	2.5	1220	$2,750	$2.25	13d	1	0.16mi
7910 Subet Rd Windsor Mill, MD	3.0	2.0	1828	$2,995	$1.64	24d	1	0.24mi
3315 N Rolling Rd Windsor Mill, MD	3.0	2.0	1438	$3,600	$2.50	15d	1	0.33mi
3220 N Rolling Rd Windsor Mill, MD	4.0	3.0	2052	$4,000	$1.95	44d	1	0.45mi
3700 Old Milford Mill Rd Windsor Mill, MD	3.0	3.0	1450	$2,500	$1.72	22d	1	0.47mi
3128 Ripple Rd Windsor Mill, MD	3.0	2.0	1056	$2,650	$2.51	5d	1	0.56mi
8331 Mindale Cir Windsor Mill, MD	2.0	2.0	1180	$1,774	$1.50	2d	5	0.60mi
1 Karendale Ct Windsor Mill, MD	3.0	2.5	1953	$2,850	$1.46	16d	1	0.71mi
3601 Yennar Ln Windsor Mill, MD	1.0–3.0	1.0–1.5	971	$2,171	$2.24	2d	24	0.72mi
8246 Church Ln Ste E Windsor Mill, MD	3.0	1.0–2.0	841	$1,890	$2.25	2d	50	0.75mi
7120 Bexhill Rd Windsor Mill, MD	3.0	1.0	1140	$2,124	$1.86	44d	1	0.86mi
7206 Rutherford Green Cir Windsor Mill, MD	3.0	2.5	1372	$3,000	$2.19	24d	1	0.90mi
7900 Brookford Cir Pikesville, MD	1.0–3.0	1.0–2.0	969	$2,095	$2.16	13d	8	0.98mi
4619 Horizon Cir Pikesville, MD	1.0–2.0	1.0–2.0	965	$2,095	$2.17	2d	10	1.00mi
3616 Clifmar Rd Windsor Mill, MD	4.0	2.5	2049	$3,000	$1.46	44d	1	1.04mi
8503 Stevenswood Rd Windsor Mill, MD	4.0	3.0	1880	$3,700	$1.97	44d	1	1.08mi
103 Village of Pine Ct Windsor Mill, MD	1.0–3.0	1.0–2.5	1281	$2,595	$2.02	2d	29	1.08mi
4607 Old Court Rd Pikesville, MD	1.0–2.0	1.0–2.0	944	$1,798	$1.90	2d	14	1.15mi
2800 Ashfield Dr Windsor Mill, MD	2.0	2.0	1078	$2,074	$1.92	5d	8	1.27mi
2701 Claybrooke Dr Windsor Mill, MD	3.0	2.5	1664	$2,400	$1.44	5d	1	1.29mi
824 Milford Mill Rd Pikesville, MD	4.0	3.0	1601	$3,450	$2.15	44d	1	1.41mi
8601 Gray Fox Rd Randallstown, MD	1.0–3.0	1.0–2.0	987	$1,815	$1.84	2d	46	1.44mi
2531 Sarrington Cir Windsor Mill, MD	2.0–3.0	1.5–2.0	1000	$1,760	$1.76	2d	103	1.46mi
808 Templecliff Rd Pikesville, MD	3.0	2.0	1200	$2,300	$1.92	13d	1	1.47mi
4412 Old Court Rd Pikesville, MD	2.0	2.0	1066	$1,400	$1.31	44d	1	1.49mi

Listing history 12 events

1. 2026-06-04
   status $195,900 Pending 14 DOM
2. 2026-04-07
   status Active Under Contract
3. 2026-02-27
   historical
4. 2026-02-14
   listed $195,900 Active
5. 2026-02-07
   historical $195,900
6. 2001-11-08
   soldstatus $103,750
7. 2001-06-28
   soldstatus $56,000
8. 2001-06-15
   historical
9. 2001-05-16
   listed $97,000
10. 1999-11-19
    historical
11. 1999-09-09
    listed
12. 1985-12-27
    soldstatus $70,000

ⓘ 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: $3,568 · $297/mo
• Projected year-2 tax: $3,568 · $297/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,298
• − Mortgage interest: −$10,973
• − Property taxes: −$3,568
• − Insurance: −$980
• − Repairs & maintenance: −$2,504
• − Management: −$2,504
• − Depreciation: −$5,699
• Taxable income: $5,070
• Est. tax owed @ 24.0%: −$1,217
• After-tax cash flow: $6,633/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 — Milford Mill

• Score: 75/100
• State rank: #99
• US rank: #3838

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milford Mill, MD
• County: Baltimore County · 769,527 people
• City population: 39,545
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 38,208
• Household income: $85,114
• Rent vs Own: 51.0% rent · 49.0% own
• Severe rent burden: 1434.0

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: Predominantly Black (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 12% White 9% Asian 7% Two or more races 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 1%
• Foreign-born: 17% · Canada
• Languages at home: 78% English-only · Spanish 9% Other Indo-European 5% French/Haitian/Cajun 2%

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: ▼ -111.97%
• Current HPI: 258.8502
• Rent YoY: ▲ 3.86%
• 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

+179.9% since first listed

11 events — show timeline

• 2026-04-07 Relisted — BRIGHT MLS
• 2026-02-27 Listing Removed — BRIGHT MLS
• 2026-02-14 Listed $195,900 BRIGHT MLS
• 2026-02-07 Coming Soon $195,900 BRIGHT MLS
• 2001-11-08 Sold (Public Records) $103,750 Public Records
• 2001-06-28 Sold (MLS) $56,000 MRIS
• 2001-06-15 Delisted — MRIS
• 2001-05-16 Listed $97,000 MRIS
• 1999-11-19 Delisted — MRIS
• 1999-09-09 Listed — MRIS
• 1985-12-27 Sold (Public Records) $70,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $3,568 · +11.2% YoY. Source: county tax records.