5655 Utrecht Rd · Rosedale, MD 21206

$229,900

4 bd · 1.5 ba · 1,534 sqft · Townhouse public records · 11 Days on market

Built 1964 2,178 sqft lot Est $206k · 12% over

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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 +23.5/30.0
• DSCR +7.6/10.0
• 1% rule +5.7/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +2.2/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this freshly painted 4-bedroom, 1.5-bath townhome that offers space, comfort, and great amenities throughout. The updated chef’s kitchen is a standout feature, complete with a gas cooktop, wall oven, and broiler—perfect for preparing meals and entertaining guests. Enjoy outdoor living all summer long in the fully fenced backyard, featuring a covered patio and an above-ground pool with a surrounding deck, creating the ideal setting for relaxation and gatherings. Additional updates include a new hot water heater for added peace of mind. The fully finished basement expands the living space with a spacious family room and a large fourth bedroom, making it perfect for

Key facts

• Pool
• Built 1964
• Listed 10 days

Property features AI

Finance

• Other: Pets allowed with no pet restrictions
• Financial info: Income/expense notes include annual ground rent
• HOA & community: Ground rent exists (paid annually)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling; Natural gas for heating and hot water
• Home design: Interior townhouse/rowhouse; Three levels; Fee simple ownership; Property in excellent condition; Not in a federal flood zone
• Construction: Brick construction; Block foundation; Architectural shingle roof; Building not winterized; Finished below-grade level with interior and outside/rear entrances; Basement fully finished and heated
• Exterior features: Chain link fencing; Above-ground personal pool

Interior

• Kitchen: Cooktop; Dishwasher; Disposal; Icemaker; Double oven; Wall oven
• Bedrooms: Three bedrooms on the main upper level; One bedroom on the lower level
• Flooring: Hardwood; Carpet
• Bathrooms: One full bathroom (upper level); One half bathroom (lower level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Tub/shower; Ceiling fans; Dining area; Traditional floor plan; Gourmet kitchen
• Laundry & utility: Washer; Dryer (electric); Laundry in basement; Water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $230k.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Cap rate 8.5% vs local median 4.9% in Rosedale — 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 81/100 on livability (#37 in MD, #1,338 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: crime 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 fast (+4.4%/yr); 180 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• At $2,450/mo this rent would consume 46% of the median local household income ($65k/yr) (locally 2317% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $82k; list at $230k implies a 179% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $229,900

Questions for the listing agent

1. Built in 1964 — 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: 1.07% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.99%
• DSCR: 1.36
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $205,556
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5637 Utrecht Rd	0.05mi	3/1.5 (-1)	1,480 (-4%)	6mo	$193,980	$131	82
5552 Whitby Rd	0.18mi	3/1.5 (-1)	1,440 (-6%)	2mo	$183,800	$128	75
5528 Whitby Rd	0.23mi	3/1.5 (-1)	1,440 (-6%)	2mo	$185,000	$128	73
5727 Utrecht Rd	0.17mi	3/1.5 (-1)	1,684 (+10%)	2mo	$205,000	$122	69
5663 Whitby Rd	0.13mi	3/1.5 (-1)	1,334 (-13%)	1mo	$204,000	$153	67
5538 Whitwood Rd	0.45mi	3/1.5 (-1)	1,452 (-5%)	1mo	$195,000	$134	64
5269 Darien Rd	0.57mi	3/2.0 (-1)	1,582 (+3%)	1mo	$242,760	$153	60
1 Boymans Ct	0.16mi	3/2.0 (-1)	1,734 (+13%)	8mo	$257,000	$148	57
5529 Todd Ave	0.63mi	3/1.5 (-1)	1,500 (-2%)	8mo	$195,000	$130	56
5218 Darien Rd	0.66mi	3/1.5 (-1)	1,440 (-6%)	6mo	$192,500	$134	49
4705 Bayonne Ave	0.55mi	3/1.5 (-1)	1,760 (+15%)	1mo	$190,000	$108	44
1760 Chesaco Ave	0.58mi	3/2.5 (-1)	1,750 (+14%)	5mo	$250,000	$143	36

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-6,408
• Equity at exit: $34,279

10-year hold

• IRR: 8.5%
• Equity multiple: 1.69×
• Total profit: $44,605
• Equity at exit: $19,878

Cash invested: $64,372 (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 21206

• Rents YoY: 4.4%
• Active inventory: 180
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,450 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$206 /mo · $2,473/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $428

Break-even live

Break-even rent $1,908

Max offer price $229,900

Occupancy floor 78%

Sensitivity live

Price	-10% $559	-5% $493	+0% $428	+5% $363	+10% $298
Rent	-10% $235	-5% $332	+0% $428	+5% $525	+10% $622
Rate	-1.0pp $544	-0.5pp $487	base $428	+0.5pp $369	+1.0pp $308

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8133 Bartholomew Ct Baltimore, MD	3.0	2.5	1600	$2,700	$1.69	25d	1	0.37mi
1732 Chesaco Ave Rosedale, MD	3.0	1.0	1260	$2,295	$1.82	44d	1	0.60mi
5248 Darien Rd Baltimore, MD	3.0	1.0	1584	$2,100	$1.33	44d	1	0.62mi
5253 Cedgate Rd Unit 1 Baltimore, MD	3.0	1.5	1152	$2,200	$1.91	44d	1	0.64mi
5938 Clayton Ave Baltimore, MD	4.0	2.0	1296	$2,872	$2.22	17d	1	0.67mi
5313 Todd Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	17d	1	0.81mi
4924 Frankford Ave Baltimore, MD	4.0	2.0	1176	$2,600	$2.21	25d	1	0.91mi
8212 Dorset Ave Rosedale, MD	4.0	1.5	1479	$2,250	$1.52	44d	1	0.94mi
8006 Woodhaven Ct Rosedale, MD	4.0	3.0	1680	$3,200	$1.90	25d	1	0.99mi
4905 Greencrest Rd Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	44d	1	1.01mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	44d	1	1.04mi
5611 Force Rd Baltimore, MD	3.0	1.5	1296	$1,850	$1.43	44d	1	1.11mi
5632 Belair Rd Baltimore, MD	3.0	1.5	1260	$2,100	$1.67	25d	1	1.13mi
2009 Longview Ave Rosedale, MD	3.0	2.0	1062	$2,500	$2.35	16d	1	1.21mi
6504 Rosemont Ave Baltimore, MD	5.0	3.0	2098	$2,900	$1.38	44d	1	1.32mi
6512 Golden Ring Rd Rosedale, MD	4.0	3.0	1089	$2,800	$2.57	17d	1	1.36mi
32 Tameron Pl Rosedale, MD	3.0	2.5	1720	$2,300	$1.34	3d	1	1.42mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	44d	1	1.50mi

Listing history 15 events

1. 2026-06-21
   days on market $229,900 Active 11 DOM
2. 2026-06-18
   days on market $229,900 Active 8 DOM
3. 2026-06-17
   days on market $229,900 Active 7 DOM
4. 2026-06-16
   days on market $229,900 Active 6 DOM
5. 2026-06-15
   days on market $229,900 Active 5 DOM
6. 2026-06-13
   statusdays on market $229,900 Active 3 DOM
7. 2026-06-10
   remarks 687-char remark
8. 2026-06-09
   days on market $229,900 Coming Soon 11 DOM
9. 2026-06-08
   days on market $229,900 Coming Soon 10 DOM
10. 2026-06-07
    days on market $229,900 Coming Soon 9 DOM
11. 2026-06-04
    days on market $229,900 Coming Soon 6 DOM
12. 2026-06-03
    days on market $229,900 Coming Soon 5 DOM
13. 2026-06-02
    days on market $229,900 Coming Soon 4 DOM
14. 2026-06-01
    days on market $229,900 Coming Soon 3 DOM
15. 2026-05-31
    days on market $229,900 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: $2,473 · $206/mo
• Projected year-2 tax: $2,490 · $207/mo
• Expected delta: +$16/yr (+$1/mo · 0.7%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,406
• − Mortgage interest: −$12,878
• − Property taxes: −$2,473
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,352
• − Management: −$2,352
• − Depreciation: −$6,688
• Taxable income: $1,512
• Est. tax owed @ 24.0%: −$363
• After-tax cash flow: $4,777/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 — Rosedale

• Score: 81/100
• State rank: #37
• US rank: #1338

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rosedale, MD
• County: Baltimore City · 558,601 people
• City population: 30,851
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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 (73%)
• Race & ethnicity: Black 73% White 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% Other Indo-European 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+178.7% since first listed

5 events — show timeline

• 2026-05-29 Coming Soon $229,900 BRIGHT MLS
• 2000-05-09 Sold (Public Records) $82,500 Public Records
• 2000-04-27 Sold (MLS) $82,500 MRIS
• 2000-03-03 Delisted — MRIS
• 2000-02-07 Listed $82,500 MRIS

Property tax history

+3.2%/yr

Latest (2025): $2,473 · +4.6% YoY. Source: county tax records.