430 Battery Dr · Havre de Grace, MD 21078

$199,000

3 bd · 1.5 ba · 1,152 sqft · Townhouse public records · 62 Days on market

Built 1972 2,238 sqft lot $173/sqft · 21% below area Est $251k · 21% 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 +22.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +4.7/10.0
• Livability +4.1/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated 3 bed 1.5 half bath townhome in Battery Village now available! This home is occupied by a month to month tenant and the rent is $1,650 per month.

Key facts

• 2 parking spots
• Built 1972
• Listed 62 days

🏷️ Possibly a rental listed for sale. The $199,000 price doesn't fit this home's estimated sale value (~$251,298) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $199k.

Deal economics

• At list price, monthly cash flow is $334 ($4k/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 $193k (3.0% below list).
• Recommended offer: $187k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 2.5% in Havre de Grace — 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 82/100 on livability (#32 in MD, #1,087 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, crime A; Watch: amenities C-, cost of living C-, schools D+.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 174 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 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.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $130k; list at $199k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% 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 $187,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.97% ✗
• Cap rate: 8.30%
• Cash-on-cash: 7.19%
• DSCR: 1.32
• GRM: 8.6

CMA / ARV

• ARV (median comp): $251,298
• List price: $199,000
• Delta: -20.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
435 Battery Dr	0.03mi	3/1.5	1,080 (-6%)	4mo	$119,500	$111	85
506 Hemler Ct	0.50mi	2/1.5 (-1)	1,160 (+1%)	0mo	$305,000	$263	70
581 Hall Ct	0.44mi	3/2.0	1,176 (+2%)	17mo	$290,000	$247	60
442 Battery Dr	0.02mi	4/1.5 (+1)	1,320 (+15%)	17mo	$116,000	$88	55
716 Fountain St	0.68mi	2/2.0 (-1)	1,312 (+14%)	3mo	$262,500	$200	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-11,082
• Equity at exit: $29,672

10-year hold

• IRR: 4.3%
• Equity multiple: 1.31×
• Total profit: $17,370
• 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 21078

• Home prices YoY: -33.4%
• Active inventory: 174
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,930 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$64 /mo · $772/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $334

Break-even live

Break-even rent $1,507

Max offer price $199,000

Occupancy floor 78%

Sensitivity live

Price	-10% $446	-5% $390	+0% $334	+5% $277	+10% $221
Rent	-10% $181	-5% $257	+0% $334	+5% $410	+10% $486
Rate	-1.0pp $434	-0.5pp $384	base $334	+0.5pp $282	+1.0pp $230

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 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
434 Battery Dr Havre de Grace, MD	3.0	1.5	1180	$1,950	$1.65	2d	2	0.01mi
1232 Battery Dr Havre de Grace, MD	4.0	1.5	1320	$1,850	$1.40	44d	1	0.05mi
103 Weber St Havre De Grace, MD	2.0	1.0	950	$1,275	$1.34	44d	1	0.44mi
710 Lewis St Havre de Grace, MD	2.0	1.0	900	$1,385	$1.54	44d	1	0.57mi
606 Water St Havre de Grace, MD	3.0	2.0	1080	$1,475	$1.37	3d	1	1.17mi

Listing history 15 events

1. 2026-06-18
   days on market $199,000 Active 62 DOM
2. 2026-06-17
   days on market $199,000 Active 61 DOM
3. 2026-06-16
   days on market $199,000 Active 60 DOM
4. 2026-06-15
   days on market $199,000 Active 59 DOM
5. 2026-06-13
   days on market $199,000 Active 57 DOM
6. 2026-06-09
   days on market $199,000 Active 53 DOM
7. 2026-06-08
   days on market $199,000 Active 52 DOM
8. 2026-06-07
   days on market $199,000 Active 51 DOM
9. 2026-06-04
   days on market $199,000 Active 48 DOM
10. 2026-06-03
    days on market $199,000 Active 47 DOM
11. 2026-06-02
    days on market $199,000 Active 46 DOM
12. 2026-06-01
    days on market $199,000 Active 45 DOM
13. 2026-05-31
    days on market $199,000 Active 44 DOM
14. 2026-04-17
    listed $199,000 Active 153-char remark

    Show marketing remark (153 chars)

    Updated 3 bed 1.5 half bath townhome in Battery Village now available! This home is occupied by a month to month tenant and the rent is $1,650 per month.

15. 2024-09-09
    soldstatus $130,000

ⓘ 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: $772 · $64/mo
• Projected year-2 tax: $1,470 · $123/mo
• Expected delta: +$699/yr (+$58/mo · 90.5%)

ⓘ 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 8/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,156
• − Mortgage interest: −$11,147
• − Property taxes: −$772
• − Insurance: −$995
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − Depreciation: −$5,789
• Taxable income: $748
• Est. tax owed @ 24.0%: −$180
• After-tax cash flow: $3,824/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: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

Livability — Havre de Grace

• Score: 82/100
• State rank: #32
• US rank: #1087

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Havre de Grace, MD
• County: Harford County · 198,512 people
• City population: 20,030
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 20,030
• Household income: $106,667
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 327.0

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 12% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 95% English-only · Spanish 2% Tagalog/Filipino 1% German/W. Germanic 1%

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -119.95%
• Current HPI: 239.1951
• Rent YoY: —
• 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

+53.1% since first listed

2 events — show timeline

• 2026-04-17 Listed $199,000 BRIGHT MLS
• 2024-09-09 Sold (Public Records) $130,000 Public Records

Property tax history

-1.1%/yr

Latest (2025): $772 · +30.8% YoY. Source: county tax records.