8438 Oakleigh Rd · Parkville, MD 21234

$199,000

2 bd · 1.0 ba · 1,395 sqft · Townhouse public records · 7 Days on market

Built 1946 2,375 sqft lot Est $276k · 28% 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.5/10.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WHY RENT WHEN YOU CAN SAVE MONEY BY BUYING THIS COZY 2 BED, 1 BATH BRICK SEMI-DETACHED HOME IN RIDGELEIGH NEIGHBORHOOD * UPDATED KITCHEN FEATURES WHITE CABINETS AND STAINLESS STEEL APPLIANCES * OTHER UPDATES INCLUDE 4 YEAR OLD ROOF, UPDATED BATHROOM, AND FRESH PAINT THROUGHOUT * THIS HOME HAS ONE OF THE LARGEST YARDS IN THE AREA * UNFINISHED BASEMENT HAS PLENTY OF CEILING HEIGHT AND OPEN SPACE TO ACCOMMODATE A LOWER LEVEL FAMILY ROOM * 1-YEAR AHS HOME WARRANTY OFFERED BY SELLER * CONVENIENT LOCATION NEAR TOWSON, PARKVILLE, I-695, I-95 * BEFORE SCHEDULING A VISIT, PLEASE VIEW THE 3D TOUR HERE: https://my. matterport.com/show/ ?m=uEVVLFtc9cK & mls=1

Key facts

• Built 1946
• Listed 7 days

Property features AI

Finance

• Other: Not in a federal flood zone; Irrigation water rights; Pets allowed with no pet restrictions

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Municipal trash service; Electric cooling fuel
• Home design: Semi-detached; Above-grade and below-grade living areas; Fee simple ownership
• Construction: Brick construction; Block foundation; Building not winterized
• Exterior features: Basement (unfinished); Finished below-grade area

Interior

• Kitchen: Dishwasher; Gas range/oven; Refrigerator; Stainless steel appliances
• Bedrooms: Two bedrooms on the first upper level
• Flooring: Hardwood floors
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (forced air); Natural gas heating; Central air conditioning; Ceiling fans; Natural gas hot water
• Interior features: Ceiling fans; Combination kitchen and dining area; Dining area; Kitchen with table space; Pantry; Window treatments; Tub with shower
• Laundry & utility: Washer and dryer; Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $199k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Cap rate 8.1% vs local median 5.3% in Parkville — 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 77/100 on livability (#77 in MD, #2,839 nationally) — a middle-class / working-renter tenant base. 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.
• Zoned schools: Oakleigh Elementary (math 9% / reading 12%, grade F, #590 of 860 statewide, top 70%, 502 students, 67% 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) — zoned schools average 60% FRL vs 39% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.7%/yr); 225 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 17y ago; this cycle's ask is 42% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $146k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,000

Questions for the listing agent

1. Built in 1946 — 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: 1.05% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.31%
• DSCR: 1.28
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $276,210
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1770 Weston Ave	0.12mi	3/1.5 (+1)	1,396 (+0%)	2mo	$239,000	$171	85
8301 Kendale Rd	0.27mi	3/1.5 (+1)	1,408 (+1%)	1mo	$280,000	$199	78
8619 Oak Rd	0.25mi	3/1.5 (+1)	1,408 (+1%)	5mo	$225,000	$160	76
2113 Pitney Rd	0.53mi	3/1.5 (+1)	1,440 (+3%)	1mo	$270,000	$188	62
8656 Oak Rd	0.34mi	3/2.0 (+1)	1,260 (-10%)	5mo	$242,500	$192	55
1666 Mussula	0.43mi	2/1.5	1,189 (-15%)	5mo	$235,000	$198	49
1862 Yakona Rd	0.41mi	3/2.0 (+1)	1,560 (+12%)	5mo	$255,000	$163	48
8334 Wyton Rd	0.69mi	3/1.5 (+1)	1,275 (-9%)	1mo	$270,000	$212	45
8425 Kings Ridge Rd	0.65mi	3/1.0 (+1)	1,552 (+11%)	1mo	$260,000	$168	45
1644 Aberdeen Rd	0.63mi	3/2.0 (+1)	1,516 (+9%)	4mo	$307,000	$203	44
1844 Deveron Rd	0.74mi	3/2.0 (+1)	1,520 (+9%)	1mo	$305,000	$201	41
1551 Putty Hill Ave	0.73mi	3/2.0 (+1)	1,580 (+13%)	2mo	$335,000	$212	33

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: -2.5%
• Equity multiple: 0.90×
• Total profit: $-5,554
• Equity at exit: $29,672

10-year hold

• IRR: 10.8%
• Equity multiple: 1.98×
• Total profit: $54,730
• Equity at exit: $17,206

Cash invested: $55,720 (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: 225
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,086 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$228 /mo · $2,742/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $293

Break-even live

Break-even rent $1,715

Max offer price $199,000

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8451 Water Oak Rd Parkville, MD	3.0	2.0	1054	$1,950	$1.85	43d	1	0.04mi
1745 Amuskai Rd Parkville, MD	2.0	2.0	1260	$1,975	$1.57	43d	1	0.14mi
8533 Oak Rd Parkville, MD	3.0	2.0	1480	$2,100	$1.42	43d	1	0.14mi
1714 Pin Oak Rd Parkville, MD	3.0	1.0	1534	$2,800	$1.83	5d	1	0.21mi
8617 Oak Rd Parkville, MD	3.0	1.5	1208	$2,100	$1.74	5d	1	0.23mi
8340 Edgedale Rd Parkville, MD	3.0	2.0	1260	$2,400	$1.90	5d	1	0.29mi
8623 Willow Oak Rd Parkville, MD	3.0	2.0	1395	$2,700	$1.94	43d	1	0.30mi
1717 Northview Rd Parkville, MD	3.0	1.5	1260	$1,980	$1.57	5d	1	0.36mi
1726 Yakona Rd Unit A Parkville, MD	3.0	1.0	1865	$1,400	$0.75	43d	1	0.37mi
8592 Quentin Ave Parkville, MD	3.0	1.5	1440	$2,100	$1.46	5d	1	0.39mi
1644 Yakona Rd Towson, MD	3.0	2.0	1600	$2,500	$1.56	18d	1	0.50mi
8309 Arbor Station Way Parkville, MD	1.0–2.0	1.0–1.5	846	$1,815	$2.15	2d	8	0.56mi
8402 Greenway Rd Towson, MD	3.0	1.0	708	$1,452	$2.05	2d	24	0.58mi
8505 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,500	$1.58	18d	1	0.61mi
1621 Thetford Rd Towson, MD	3.0	1.5	1080	$2,350	$2.18	43d	1	0.61mi
8616 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,490	$1.58	14d	1	0.62mi
1809 Glen Ridge Rd Towson, MD	3.0	1.5	1640	$2,100	$1.28	43d	1	0.63mi
7906 Bon Air Rd Parkville, MD	3.0	1.0	912	$2,200	$2.41	43d	1	0.68mi
1929 Edgewood Rd Unit 1929 Towson, MD	3.0	2.0	1700	$2,350	$1.38	11d	1	0.69mi
8309 Pleasant Plains Rd Towson, MD	3.0	1.0	1350	$3,000	$2.22	43d	1	0.76mi
7605 Hillendale Rd Parkville, MD	2.0	1.0	1050	$1,255	$1.20	43d	1	0.84mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	43d	1	0.85mi
8417 Nunley Dr Parkville, MD	1.0–3.0	1.0–2.0	812	$1,800	$2.22	24d	1	0.89mi
1329 Taylor Ave Parkville, MD	2.0	1.0	1636	$1,599	$0.98	43d	1	0.89mi
1376 Halstead Rd Parkville, MD	3.0	1.0	1440	$2,400	$1.67	24d	1	0.90mi
8530 Drumwood Rd #2 Towson, MD	1.0	1.0	1280	$650	$0.51	5d	1	0.91mi
1274 E Joppa Rd Towson, MD	2.0	1.0–2.0	990	$2,873	$2.90	2d	18	0.94mi
1332 Deanwood Rd Parkville, MD	3.0	2.0	1046	$2,500	$2.39	44d	1	0.96mi
8130 Kirkwall Ct Towson, MD	3.0	1.5	1280	$2,625	$2.05	24d	1	0.98mi
2528 Wendover Rd Unit a Parkville, MD	2.0	2.0	1704	$1,950	$1.14	43d	1	1.04mi
8206 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	43d	1	1.07mi
8206 Old Harford Rd Unit 1 Parkville, MD	2.0	1.0	1146	$1,750	$1.53	43d	1	1.07mi
8204 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	43d	1	1.08mi
23 Roger Valley Ct Parkville, MD	3.0	3.5	1678	$2,850	$1.70	5d	1	1.11mi
23 Roger Valley Ct Unit 1 Parkville, MD	3.0	4.0	1678	$2,850	$1.70	5d	1	1.11mi
1610 Wentworth Ave Parkville, MD	3.0	1.0	1024	$1,900	$1.86	43d	1	1.22mi
1629 Wentworth Ave Parkville, MD	3.0	1.5	1152	$1,895	$1.64	43d	1	1.22mi
1127 Deanwood Rd Parkville, MD	3.0	2.0	1730	$2,350	$1.36	43d	1	1.24mi
2219 Lowells Glen Rd Unit K Parkville, MD	2.0	2.0	1017	$1,650	$1.62	24d	1	1.26mi
15 Treeway Ct Towson, MD	1.0–3.0	1.0–2.0	1100	$1,925	$1.75	1d	25	1.26mi

Listing history 10 events

1. 2026-06-17
   status $199,000 Pending 7 DOM
2. 2026-06-17
   days on market $199,000 Active 7 DOM
3. 2026-06-16
   days on market $199,000 Active 6 DOM
4. 2026-06-15
   days on market $199,000 Active 5 DOM
5. 2026-06-13
   statusdays on market $199,000 Active 3 DOM
6. 2026-06-09
   days on market $199,000 Coming Soon 6 DOM
7. 2026-06-08
   days on market $199,000 Coming Soon 5 DOM
8. 2026-06-07
   days on market $199,000 Coming Soon 4 DOM
9. 2026-06-04
   remarks 699-char remark
10. 2026-06-04
    listed $199,000 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: $2,742 · $228/mo
• Projected year-2 tax: $2,742 · $228/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 7/10 Severe 7 d/yr ≥104°F today · 14 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: $25,033
• − Mortgage interest: −$11,147
• − Property taxes: −$2,742
• − Insurance: −$995
• − Repairs & maintenance: −$2,003
• − Management: −$2,003
• − Depreciation: −$5,789
• Taxable income: $355
• Est. tax owed @ 24.0%: −$85
• After-tax cash flow: $3,431/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 — Parkville

• Score: 77/100
• State rank: #77
• US rank: #2839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkville, MD
• County: Baltimore County · 769,527 people
• City population: 66,334
• 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

+25.2% since first listed

16 events — show timeline

• 2026-06-04 Coming Soon $199,000 BRIGHT MLS
• 2020-09-11 Sold (Public Records) $145,900 Public Records
• 2020-07-24 Sold (MLS) $145,900 BRIGHT MLS
• 2020-06-19 Pending — BRIGHT MLS
• 2020-06-19 Price Changed $147,900 BRIGHT MLS
• 2020-06-11 Listed $139,900 BRIGHT MLS
• 2010-05-19 Sold (Public Records) $131,000 Public Records
• 2010-05-14 Sold (MLS) $131,000 BRIGHT MLS
• 2010-05-14 Sold (MLS) $131,000 MRIS
• 2010-04-02 Pending — MRIS
• 2010-04-02 Listing Removed — BRIGHT MLS
• 2010-01-25 Price Changed $149,000 MRIS
• 2009-11-02 Relisted — MRIS
• 2009-10-30 Listed $149,000 BRIGHT MLS
• 2009-10-30 Listed $159,000 MRIS
• 2009-10-30 Delisted — MRIS

Property tax history

+3.1%/yr

Latest (2025): $2,742 · +6.6% YoY. Source: county tax records.