3311 Kessler Ct · Lansdowne, MD 21227

$184,900

3 bd · 1.0 ba · 1,024 sqft · Townhouse public records · 18 Days on market

Built 1957 1,776 sqft lot Est $195k · at est.

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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 +20.9/30.0
• ARV discount +9.7/15.0
• DSCR +6.7/10.0
• 1% rule +5.1/10.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained and ready for you to move in and relax in the Riverview Neighborhood! Enjoy nice room sizes, carpet throughout, and a great rear patio, perfect for warm weather outdoor living. Use the shed as added storage! A convenient location, just blocks from Riverview and Sandy Hills Parks! Don't miss this one!

Key facts

• Built 1957
• Listed 18 days

Property features AI

Exterior

• Parking: On-street parking; Parking lot
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Interior townhouse / rowhouse; Fee simple ownership
• Construction: Brick construction; Other foundation
• Exterior features: Rear privacy fencing; Shed

Interior

• Kitchen: Refrigerator; Icemaker
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning; Cooling uses electric and natural gas; Hot water heated by natural gas
• Interior features: Living room; Full bathroom
• Laundry & utility: Washer; Laundry hookups on the main floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $182k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.5% in Lansdowne — 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 66/100 on livability (#235 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A, housing A-; Watch: employment D, 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.
• Zoned schools: Riverview Elementary (math 5% / reading 9%, grade F, #726 of 860 statewide, top 86%, 546 students, 74% FRL); Lansdowne Middle (math 2% / reading 18%, grade F, #209 of 225 statewide, top 93%, 869 students, 62% FRL); Lansdowne High (math 3% / reading 25%, grade F, #190 of 222 statewide, top 86%, 1,410 students, 60% FRL) — zoned schools average 65% FRL vs 39% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 24% district-wide (-14 pts) — the specific schools serving this property underperform the Baltimore County Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.2%/yr); 99 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 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 $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.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,126 (1.5% below list)

Questions for the listing agent

1. Built in 1957 — 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 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: 1.01% ✓
• Cap rate: 7.97%
• Cash-on-cash: 5.98%
• DSCR: 1.27
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $194,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
430 Burbank Ct	0.04mi	3/1.0	1,024 (0%)	6mo	$195,000	$190	93
3167 Bero Rd	0.25mi	3/1.0	1,024 (0%)	4mo	$165,000	$161	85
1017 Fredonia Ct	0.24mi	3/1.0	1,024 (0%)	8mo	$140,000	$137	82
446 Bigley Ave	0.36mi	3/1.0	1,024 (0%)	5mo	$150,000	$146	80
3055 Freeway	0.36mi	3/1.0	1,024 (0%)	6mo	$160,000	$156	79
925 Catawba Ct	0.36mi	3/1.0	1,024 (0%)	9mo	$195,000	$190	76
800 Seckel Ct	0.43mi	2/1.0 (-1)	1,024 (0%)	6mo	$135,000	$132	70
2725 Yarnall Rd	0.55mi	3/1.0	1,024 (0%)	5mo	$210,000	$205	70
3103 Ryerson Cir	0.26mi	3/1.0	1,116 (+9%)	6mo	$179,900	$161	68
2754 Yarnall Rd	0.62mi	3/1.0	1,024 (0%)	7mo	$265,000	$259	65
4432 Annapolis Rd	0.68mi	3/1.5	1,024 (0%)	6mo	$228,000	$223	62
2773 Yarnall Rd	0.65mi	3/1.0	1,101 (+8%)	3mo	$229,500	$208	55

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 · 1.17% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.67×
• Total profit: $-16,916
• Equity at exit: $27,569

10-year hold

• IRR: -2.1%
• Equity multiple: 0.87×
• Total profit: $-6,946
• Equity at exit: $15,987

Cash invested: $51,772 (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 21227

• Rents YoY: 1.2%
• Active inventory: 99
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,862 high
• Mortgage (P&I): −$970
• Tax from tax record: −$166 /mo · $1,996/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $258

Break-even live

Break-even rent $1,535

Max offer price $184,900

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3167 Ryerson Cir Halethorpe, MD	3.0	1.5	1116	$1,995	$1.79	5d	1	0.19mi
3269 Ryerson Cir Halethorpe, MD	3.0	2.0	1303	$1,700	$1.30	10d	1	0.31mi
3111 Bero Rd Halethorpe, MD	3.0	2.0	1024	$1,750	$1.71	43d	1	0.35mi
902 Catawba Ct Halethorpe, MD	3.0	1.0	906	$1,495	$1.65	22d	1	0.40mi
4369 Hollins Ferry Rd Halethorpe, MD	3.0	1.0	1152	$1,900	$1.65	43d	1	0.42mi
2715 Hammonds Ferry Rd Halethorpe, MD	2.0	1.0	992	$1,500	$1.51	43d	1	0.86mi
3010 Alabama Ave Halethorpe, MD	2.0	1.0	900	$2,200	$2.44	18d	1	1.20mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	43d	1	1.30mi
2600 W Patapsco Ave Baltimore, MD	1.0–2.0	1.0	856	$1,309	$1.53	2d	24	1.35mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	24d	1	1.48mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	4d	1	1.49mi

Listing history 14 events

1. 2026-06-19
   price $184,900 Active 18 DOM
2. 2026-06-18
   days on market $189,000 Active 18 DOM
3. 2026-06-17
   days on market $189,000 Active 17 DOM
4. 2026-06-16
   days on market $189,000 Active 16 DOM
5. 2026-06-15
   days on market $189,000 Active 15 DOM
6. 2026-06-13
   days on market $189,000 Active 13 DOM
7. 2026-06-09
   days on market $189,000 Active 9 DOM
8. 2026-06-08
   days on market $189,000 Active 8 DOM
9. 2026-06-07
   days on market $189,000 Active 7 DOM
10. 2026-06-04
    days on market $189,000 Active 4 DOM
11. 2026-06-03
    days on market $189,000 Active 3 DOM
12. 2026-06-02
    days on market $189,000 Active 2 DOM
13. 2026-06-01
    statusdays on market $189,000 Active 1 DOM
14. 2026-05-31
    days on market $189,000 Coming Soon 2 DOM

ⓘ 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: $1,996 · $166/mo
• Projected year-2 tax: $2,006 · $167/mo
• Expected delta: +$10/yr (+$1/mo · 0.5%)

ⓘ 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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,342
• − Mortgage interest: −$10,357
• − Property taxes: −$1,996
• − Insurance: −$924
• − Repairs & maintenance: −$1,787
• − Management: −$1,787
• − Depreciation: −$5,379
• Taxable income: $111
• Est. tax owed @ 24.0%: −$27
• After-tax cash flow: $3,068/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 — Lansdowne

• Score: 66/100
• State rank: #235
• US rank: #11670

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansdowne, MD
• County: Baltimore County · 769,527 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,907
• Household income: $85,986
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 930.0

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 0.59)
• Race & ethnicity: White 61% Black 16% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 13% · Canada, Philippines, China
• Languages at home: 83% English-only · Spanish 10% Other Asian/Pacific 2% Other Indo-European 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: ▼ -294.07%
• Current HPI: 281.9628
• Rent YoY: ▲ 1.17%
• 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

+204.8% since first listed

10 events — show timeline

• 2026-05-29 Coming Soon $189,000 BRIGHT MLS
• 2026-01-02 Listing Removed — BRIGHT MLS
• 2025-07-11 Price Changed $190,000 BRIGHT MLS
• 2025-02-07 Listed $205,000 BRIGHT MLS
• 2020-06-17 Sold (Public Records) $124,900 Public Records
• 2020-06-08 Sold (MLS) $124,900 BRIGHT MLS
• 2020-04-08 Pending — BRIGHT MLS
• 2020-02-20 Listed $124,900 BRIGHT MLS
• 2020-01-07 Sold (Public Records) $74,000 Public Records
• 1992-06-30 Sold (Public Records) $62,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $1,996 · +10.5% YoY. Source: county tax records.