3362 Cranberry S · Maryland City, MD 20724

$365,000

5 bd · 2.0 ba · 1,972 sqft · SingleFamily public records · 12 Days on market

Built 1963 10,200 sqft lot Est $461k · 21% 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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.2/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Appreciation +3.5/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0

Listing remarks

Opportunity awaits! Situated on a corner lot with a fenced backyard, this 5-bedroom, 2.5-bath home offers nearly 2,000 square feet of living space and plenty of potential for its next owner. The main level features 4 bedrooms and 2 full bathrooms, while the basement includes an additional bedroom and half bath, providing flexible space for guests, extended family, a home office, or recreation area. Having been owned by the same family for many years, this home offers a rare opportunity to renovate, update, and create value while preserving its character. Highlights include spacious living areas, a functional layout, basement living space, fenced rear yard, and a desirable corner-lot locatio

Key facts

• 0.23 acre lot
• Built 1963
• Listed 11 days

Property features AI

Finance

• Other: Fee simple ownership; Below-grade finished area and unfinished area present (finished below-grade living area and additional unfinished space)

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: Vinyl siding; Block foundation
• Construction: Vinyl siding construction; Block foundation; Detached structure
• Exterior features: Detached single-family home; No tidal water

Interior

• Bedrooms: Four bedrooms on the main level; One bedroom on the first lower level
• Bathrooms: Two full bathrooms; One half bathroom on lower level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Partially finished basement; Has fireplace (1)

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $365k.

Deal economics

• At list price, monthly cash flow is $911 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $365k).
• Cap rate 9.3% vs local median 3.4% in Maryland City — 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 (#108 in MD, #4,306 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: crime C-, schools D-, commute F.
• Anne Arundel County Public Schools (suburban): math 20% / reading 37% proficiency, ranked #10 of 24 in MD (top 42%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.8%/yr); 129 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).
• This rent runs 42% of the median local income ($118k/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 $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.8% rent growth), your $102k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• 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 $365,000

Questions for the listing agent

1. Built in 1963 — 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 D-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. 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: 1.12% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.70%
• DSCR: 1.48
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $461,448
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3341 Valley Lee S	0.15mi	4/2.0 (-1)	2,016 (+2%)	3mo	$430,000	$213	82
3369 Wye Mls S	0.17mi	5/2.0	2,013 (+2%)	14mo	$418,000	$208	77
341 Dameron S	0.22mi	6/3.0 (+1)	1,992 (+1%)	2mo	$475,900	$239	77
436 Old Line Ave	0.32mi	5/3.0	1,893 (-4%)	4mo	$515,000	$272	71
328 Vale Smt S	0.16mi	4/2.0 (-1)	1,758 (-11%)	2mo	$347,000	$197	68
331 Old Line Ave	0.31mi	4/2.5 (-1)	1,902 (-4%)	7mo	$430,000	$226	67
3362 Crumpton S	0.44mi	5/3.0	1,893 (-4%)	9mo	$520,000	$275	61
3339 Crumpton S	0.42mi	4/2.0 (-1)	1,814 (-8%)	3mo	$405,000	$223	59
3298 Sudlersville S	0.21mi	4/2.5 (-1)	2,200 (+12%)	8mo	$437,750	$199	57
3357 Old Line Ave	0.45mi	4/2.5 (-1)	1,872 (-5%)	12mo	$476,000	$254	53
223 Old Line Ave	0.59mi	5/2.0	1,814 (-8%)	7mo	$425,000	$234	53
322 Old Line Ave	0.37mi	4/2.0 (-1)	1,680 (-15%)	2mo	$435,000	$259	51

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 · 5.84% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.11×
• Total profit: $10,843
• Equity at exit: $54,423

10-year hold

• IRR: 14.7%
• Equity multiple: 2.33×
• Total profit: $136,180
• Equity at exit: $31,559

Cash invested: $102,200 (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 20724

• Home prices YoY: -1.1%
• Rents YoY: 5.8%
• Active inventory: 129
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $4,089 medium
• Mortgage (P&I): −$1,914
• Tax from tax record: −$253 /mo · $3,031/yr
• Insurance: −$152
• HOA: −$0
• Vacancy / Maint / Mgmt: −$859
• Net cashflow: $911

Break-even live

Break-even rent $2,935

Max offer price $365,000

Occupancy floor 73%

Sensitivity live

Price	-10% $1,118	-5% $1,015	+0% $911	+5% $808	+10% $705
Rent	-10% $588	-5% $750	+0% $911	+5% $1,073	+10% $1,234
Rate	-1.0pp $1,095	-0.5pp $1,004	base $911	+0.5pp $817	+1.0pp $720

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: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1309 Bracken Ln Laurel, MD	4.0	4.0	1948	$3,800	$1.95	44d	1	1.17mi
234 Mainstream Dr Laurel, MD	4.0	3.5	2036	$4,000	$1.96	44d	1	1.29mi

Listing history 9 events

1. 2026-06-21
   days on market $365,000 Coming Soon 12 DOM
2. 2026-06-18
   days on market $365,000 Coming Soon 9 DOM
3. 2026-06-17
   remarks 699-char remark
4. 2026-06-17
   days on market $365,000 Coming Soon 8 DOM
5. 2026-06-16
   days on market $365,000 Coming Soon 7 DOM
6. 2026-06-15
   days on market $365,000 Coming Soon 6 DOM
7. 2026-06-13
   days on market $365,000 Coming Soon 4 DOM
8. 2026-06-10
   remarks 53-char remark
9. 2026-06-10
   listed $365,000 Coming Soon 1 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: $3,031 · $253/mo
• Projected year-2 tax: $3,505 · $292/mo
• Expected delta: +$474/yr (+$39/mo · 15.6%)

ⓘ 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 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,064
• − Mortgage interest: −$20,446
• − Property taxes: −$3,031
• − Insurance: −$1,825
• − Repairs & maintenance: −$3,925
• − Management: −$3,925
• − Depreciation: −$10,618
• Taxable income: $5,293
• Est. tax owed @ 24.0%: −$1,270
• After-tax cash flow: $9,664/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: Anne Arundel County Public Schools
• NCES district ID: 2400060
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $87,880
• Composite: 28.52/100
• National rank: #6733
• State rank: #10 of 24 in MD

Livability — Maryland City

• Score: 75/100
• State rank: #108
• US rank: #4306

Category grades

Amenities B- Commute F 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

• Census place: Maryland City, MD
• County: Anne Arundel County · 535,653 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 19,369
• Household income: $118,115
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 614.0

Population outlook (Anne Arundel County) Hauer SSP2

• Today (2025): 617,384 people
• By 2030: 642,094 · +4.0%
• By 2040: 686,621 · +11.2%
• By 2050: 723,031 · +17.1%
• By 2075: 809,346 · +31.1%
• By 2100: 837,658 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Black 43% Hispanic / Latino 24% White 24% Native American 8% Asian 7% Two or more races 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 24% · Canada, Jamaica, Philippines
• Languages at home: 69% English-only · Spanish 20% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Anne Arundel

• 2024 margin: D (+13.9) · D 55.7% · R 41.7% · Other 2.6%
• 2008→2024 swing: +15.7pp toward D · 2008: -1.8pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+14.5 2016: D+0.7 2012: R+0.9 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.04%
• Current HPI: 269.7445
• Rent YoY: ▲ 5.84%
• 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

1 event — show timeline

• 2026-06-09 Coming Soon $365,000 BRIGHT MLS

Property tax history

+4.0%/yr

Latest (2025): $3,031 · +2.5% YoY. Source: county tax records.