1813 Cromwood Rd · Carney, MD 21234

$255,000

3 bd · 2.0 ba · 1,461 sqft · SingleFamily public records · 2 Days on market

Built 1953 6,000 sqft lot $175/sqft · 18% below area Est $309k · 18% under

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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 +15.9/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• Rent growth +4.2/5.0
• 1% rule +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

WE HAVE RECEIVED MULTIPLE OFFERS. .. ALL SHOWINGS TO STOP FRIDAY EVENING, MAY 8TH AND OFFERS ARE DUE SATURDAY, MAY 9TH AT NOON. Well maintained cape cod in the sought after Cromwood Coventry neighborhood. This house has newer siding, roof and windows, Plus the HVAC and water heater were updated in 2020. When you enter this house you will be greeted with a lot of natural light throughout. The first floor boasts the living room, dining room, kitchen, primary bedroom and primary bathroom. The upper level has two nice sized bedrooms and a full bathroom. The basement offers a family room, bar area, office/craft area, and a large utility room with laundry, workshop, bath rough-in (toilet in plac

Key facts

• 6,000 sq ft lot
• 3 parking spots
• Built 1953

Property features AI

Exterior

• Parking: Three total garage and parking spaces; Driveway with 3 spaces; Additional parking off-street and on-street
• Utilities: Public water; Public sewer; Hot water via natural gas
• Home design: Detached property; Year built information from assessor
• Construction: Vinyl siding exterior; Concrete perimeter foundation
• Exterior features: Lot dimensions listed as 1.00 x (per assessor); Tidal water: No; Other structures above and below grade

Interior

• Kitchen: Kitchen (appliances not listed)
• Bedrooms: One bedroom on the main level; Two bedrooms on the upper level
• Bathrooms: Two full bathrooms (one on main level, one on upper level)
• Heating & cooling: Forced air heating fueled by natural gas; Central air conditioning (electric)
• Interior features: Has one fireplace; Daylight, full basement with interior access and side/outside entrance; Basement includes windows, walkout stairs, sump pump, water proofing system, workshop, and rough bath plumbing; Basement is partially finished, heated and improved
• Laundry & utility: Utility features in basement (sump pump, rough bath plumbing)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $232k (9.1% below list).
• Recommended offer: $232k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.5% 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.
• Zoned schools: Pine Grove Elementary (math 20% / reading 29%, grade F, #260 of 860 statewide, top 33%, 503 students, 47% FRL); Pine Grove Middle (math 11% / reading 42%, grade F, #86 of 225 statewide, top 40%, 916 students, 56% FRL); Loch Raven High (math 17% / reading 57%, grade F, #141 of 222 statewide, top 63%, 891 students, 56% FRL).
• Market conditions: Rents rising fast (+6.7%/yr); 234 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).
• This rent runs 33% of the median local income ($84k/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 $2k of loan paydown is wiped out by about $8k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,865 (9.1% below list)

Questions for the listing agent

1. Built in 1953 — 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: 0.91% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.04%
• DSCR: 1.09
• GRM: 9.2

CMA / ARV

• ARV (median comp): $309,405
• List price: $255,000
• Delta: -17.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1813 Cromwood Rd	0.00mi	3/2.0	1,461 (0%)	1mo	$275,000	$188	100
1828 Cromwood Rd	0.08mi	3/2.0	1,461 (0%)	9mo	$291,000	$199	89
1815 Dunwoody Rd	0.06mi	3/1.0	1,392 (-5%)	3mo	$264,000	$190	83
1812 Dunwoody Cir	0.09mi	4/2.0 (+1)	1,495 (+2%)	6mo	$392,000	$262	82
8716 Eddington Rd	0.21mi	3/2.0	1,251 (-14%)	2mo	$310,000	$248	64
8718 Lackawanna Ave	0.48mi	3/1.0	1,425 (-2%)	11mo	$320,000	$225	61
2307 Foster Ave	0.74mi	3/1.5	1,385 (-5%)	3mo	$270,000	$195	52
8758 Lackawanna Ave	0.45mi	4/2.0 (+1)	1,269 (-13%)	13mo	$415,000	$327	42

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: -9.1%
• Equity multiple: 0.65×
• Total profit: $-24,702
• Equity at exit: $38,021

10-year hold

• IRR: 4.6%
• Equity multiple: 1.39×
• Total profit: $27,843
• Equity at exit: $22,048

Cash invested: $71,400 (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: 234
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,319 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$267 /mo · $3,206/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$487
• Net cashflow: $121

Break-even live

Break-even rent $2,165

Max offer price $255,000

Occupancy floor 90%

Sensitivity live

Price	-10% $265	-5% $193	+0% $121	+5% $49	+10% $-23
Rent	-10% $-62	-5% $30	+0% $121	+5% $213	+10% $304
Rate	-1.0pp $250	-0.5pp $186	base $121	+0.5pp $55	+1.0pp $-12

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1870 Yakona Rd Parkville, MD	4.0	2.0	1080	$2,400	$2.22	45d	1	0.36mi
8592 Quentin Ave Parkville, MD	3.0	1.5	1440	$2,100	$1.46	6d	1	0.41mi
23 Roger Valley Ct Parkville, MD	3.0	3.5	1678	$2,850	$1.70	6d	1	0.43mi
23 Roger Valley Ct Unit 1 Parkville, MD	3.0	4.0	1678	$2,850	$1.70	6d	1	0.43mi
8650 Rock Oak Rd Parkville, MD	4.0	2.0	1800	$3,108	$1.73	45d	1	0.52mi
8617 Oak Rd Parkville, MD	3.0	1.5	1208	$2,100	$1.74	6d	1	0.52mi
1726 Yakona Rd Unit A Parkville, MD	3.0	1.0	1865	$1,400	$0.75	45d	1	0.58mi
8623 Willow Oak Rd Parkville, MD	3.0	2.0	1395	$2,700	$1.94	45d	1	0.59mi
2219 Lowells Glen Rd Unit K Parkville, MD	2.0	2.0	1017	$1,650	$1.62	25d	1	0.62mi
8533 Oak Rd Parkville, MD	3.0	2.0	1480	$2,100	$1.42	45d	1	0.63mi
1714 Pin Oak Rd Parkville, MD	3.0	1.0	1534	$2,800	$1.83	6d	1	0.64mi
8768 Cimarron Cir Parkville, MD	4.0	1.5	1752	$2,395	$1.37	25d	1	0.65mi
1726 Redwood Ave Parkville, MD	4.0	2.0	1435	$2,250	$1.57	19d	1	0.71mi
8451 Water Oak Rd Parkville, MD	3.0	2.0	1054	$1,950	$1.85	45d	1	0.74mi
8525 Chestnut Oak Rd Parkville, MD	4.0	2.0	1178	$1,995	$1.69	45d	1	0.75mi
1745 Amuskai Rd Parkville, MD	2.0	2.0	1260	$1,975	$1.57	45d	1	0.79mi
8 Windersal Ln Parkville, MD	3.0	1.5	1520	$2,200	$1.45	0d	1	0.81mi
1644 Yakona Rd Towson, MD	3.0	2.0	1600	$2,500	$1.56	19d	1	0.82mi
8616 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,490	$1.58	16d	1	0.93mi
1717 Northview Rd Parkville, MD	3.0	1.5	1260	$1,980	$1.57	6d	1	0.98mi
8340 Edgedale Rd Parkville, MD	3.0	2.0	1260	$2,400	$1.90	6d	1	0.98mi
8505 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,500	$1.58	19d	1	1.03mi
8503 Kings Ridge Rd Parkville, MD	4.0	2.0	1200	$2,100	$1.75	6d	1	1.08mi
1621 Thetford Rd Towson, MD	3.0	1.5	1080	$2,350	$2.18	45d	1	1.11mi
8309 Arbor Station Way Parkville, MD	1.0–3.0	1.0–1.5	908	$2,085	$2.30	0d	10	1.15mi
1612 Hardwick Rd Towson, MD	4.0	2.0	1275	$2,450	$1.92	4d	1	1.15mi
8417 Nunley Dr Parkville, MD	1.0–3.0	1.0–2.0	812	$2,120	$2.61	0d	1	1.16mi
8402 Greenway Rd Towson, MD	3.0	1.0	708	$1,600	$2.26	0d	28	1.18mi
15 Treeway Ct Towson, MD	1.0–3.0	1.0–2.0	1100	$2,342	$2.13	0d	25	1.21mi
8339 Wyton Rd Towson, MD	4.0	2.0	1520	$2,534	$1.67	25d	1	1.23mi
1274 E Joppa Rd Towson, MD	2.0	1.0–2.0	990	$2,768	$2.80	0d	20	1.24mi
8309 Pleasant Plains Rd Towson, MD	3.0	1.0	1350	$3,000	$2.22	45d	1	1.27mi
1809 Glen Ridge Rd Towson, MD	3.0	1.5	1640	$2,100	$1.28	45d	1	1.31mi
1929 Edgewood Rd Unit 1929 Towson, MD	3.0	2.0	1700	$2,350	$1.38	12d	1	1.39mi
931 Beaverbank Cir Towson, MD	3.0	2.0	1725	$2,500	$1.45	45d	1	1.40mi
3 Strabane Ct Parkville, MD	2.0	1.0	1254	$2,175	$1.73	16d	1	1.41mi
7906 Bon Air Rd Parkville, MD	3.0	1.0	912	$2,200	$2.41	45d	1	1.41mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	45d	1	1.46mi

Listing history 5 events

1. 2026-05-09
   status Pending 1011-char remark
2. 2026-05-08
   historical 1011-char remark
3. 2026-05-06
   listed $255,000 Active 1011-char remark
4. 2026-05-05
   historical $255,000 1011-char remark
5. 1978-09-15
   soldstatus $55,000

ⓘ 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: $3,206 · $267/mo
• Projected year-2 tax: $3,206 · $267/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 3/10 Moderate
• 🌡 Heat 6/10 Major 6 d/yr ≥104°F today · 13 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,824
• − Mortgage interest: −$14,284
• − Property taxes: −$3,206
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,226
• − Management: −$2,226
• − Depreciation: −$7,418
• Taxable loss: −$2,811
• Est. tax savings @ 24.0%: +$675
• After-tax cash flow: $2,128/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

+400.0% since first listed

6 events — show timeline

• 2026-06-03 Sold (MLS) $275,000 BRIGHT MLS
• 2026-05-09 Pending — BRIGHT MLS
• 2026-05-08 Listing Removed — BRIGHT MLS
• 2026-05-06 Listed $255,000 BRIGHT MLS
• 2026-05-05 Coming Soon $255,000 BRIGHT MLS
• 1978-09-15 Sold (Public Records) $55,000 Public Records

Property tax history

+1.8%/yr

Latest (2025): $3,206 · +0.9% YoY. Source: county tax records.