41 N Dundalk Ave · Dundalk, MD 21222

$150,000

2 bd · 1.0 ba · 1,084 sqft · Townhouse public records · 16 Days on market

Built 1919 1,674 sqft lot Est $180k · 17% 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 +23.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.1/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Reduced Price !!. Bring all offers. Welcome to this charming fully remodeled home with two Bedrooms and one full bath. This home features entrance porch. The Living and Dining has gleaming hardwood floor. The updated kitchen has new cabinets, granite counter top, new stainless steel appliances. The upper bedrooms has new carpets and whole house is freshly painted. All bedrooms , living and dining rooms has ceiling fans. The basement is partially finished with wood paneling and wood flooring. The roof and the HVAC system is new. A new sump pump is installed. This home has an alley at the rear. The rear yard is fenced. This is ready to move in.

Key facts

• Built 1919
• Listed 15 days

Property features AI

Finance

• Other: Fee simple ownership; Basement present (other type) with full footprint below grade; Finished and unfinished below-grade areas

Exterior

• Parking: On-street parking; Alley access
• Utilities: Public water; Public sewer; 100 amp electric service; Natural gas available; Hot water by natural gas; Cable TV and phone available
• Home design: Interior townhouse/rowhouse; Entry on level 1; Middle-of-block location; Building not winterized
• Construction: Stucco exterior; Brick/mortar foundation; Shingle roof; Built year (per assessor)
• Exterior features: Partially fenced rear yard; Not in a federal flood zone

Interior

• Kitchen: Refrigerator; Gas oven/range; Dishwasher
• Bedrooms: Two bedrooms on the first upper level
• Flooring: Hardwood; Ceramic tile
• Bathrooms: One full bathroom
• Heating & cooling: Radiator heat (natural gas); Central air conditioning
• Interior features: Dining area; Traditional floor plan; Formal dining room; Galley kitchen; Wood floors; Dry wall and plaster walls
• Laundry & utility: Washer and dryer in unit; Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 6.1% in Dundalk — 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 85/100 on livability (#16 in MD, #510 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing 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: Dundalk High (math 5% / reading 33%, grade F, #177 of 222 statewide, top 80%, 2,193 students, 62% FRL) — zoned schools average 62% FRL vs 39% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.1%/yr); 237 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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).
• This rent runs 31% of the median local income ($64k/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 $1k of loan paydown is wiped out by about $4k 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

• It's been on market 16 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $100k; list at $150k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 57% 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 $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1919 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.11% ✓
• Cap rate: 8.53%
• Cash-on-cash: 8.00%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $179,944
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6531 Parnell Ave	0.33mi	2/1.5	1,090 (+1%)	8mo	$199,900	$183	75
11 Kinship Rd	0.08mi	2/1.0	1,164 (+7%)	12mo	$200,000	$172	74
65 Willow Spring Rd	0.12mi	3/1.0 (+1)	972 (-10%)	7mo	$141,200	$145	66
2634 Yorkway	0.41mi	3/2.0 (+1)	1,104 (+2%)	11mo	$229,000	$207	60
6525 Saint Helena Ave	0.38mi	2/1.5	1,170 (+8%)	10mo	$145,000	$124	58
6534 Riverview	0.34mi	3/2.0 (+1)	1,152 (+6%)	10mo	$192,000	$167	56
6822 Dunbar Rd	0.60mi	3/1.0 (+1)	1,105 (+2%)	9mo	$160,000	$145	56
6854 Dunbar Rd	0.62mi	3/2.0 (+1)	1,125 (+4%)	2mo	$130,000	$116	54
2532 Liberty Pkwy	0.30mi	3/1.5 (+1)	1,230 (+14%)	4mo	$175,000	$142	53
2411 Fairway	0.42mi	3/1.5 (+1)	1,218 (+12%)	0mo	$175,000	$144	52
2529 Liberty Pkwy	0.33mi	3/2.0 (+1)	1,230 (+14%)	6mo	$275,000	$224	48
6543 Saint Helena Ave	0.36mi	3/2.5 (+1)	1,208 (+11%)	9mo	$200,000	$166	46

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.73×
• Total profit: $-11,332
• Equity at exit: $22,365

10-year hold

• IRR: -2.3%
• Equity multiple: 0.86×
• Total profit: $-5,672
• Equity at exit: $12,969

Cash invested: $42,000 (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 21222

• Rents YoY: -0.1%
• Active inventory: 237
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,666 high
• Mortgage (P&I): −$787
• Tax from tax record: −$187 /mo · $2,241/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $280

Break-even live

Break-even rent $1,311

Max offer price $150,000

Occupancy floor 78%

Sensitivity live

Price	-10% $365	-5% $322	+0% $280	+5% $238	+10% $195
Rent	-10% $148	-5% $214	+0% $280	+5% $346	+10% $412
Rate	-1.0pp $355	-0.5pp $318	base $280	+0.5pp $241	+1.0pp $202

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
266 Saint Helena Ave Dundalk, MD	3.0	1.0	1305	$1,900	$1.46	14d	1	0.22mi
3 Center Pl Unit 2 Dundalk, MD	1.0	1.0	700	$1,250	$1.79	45d	1	0.22mi
12 Leeway Dundalk, MD	3.0	1.0	1358	$1,750	$1.29	45d	1	0.26mi
6552 Parnell Ave Dundalk, MD	2.0	1.5	885	$1,500	$1.69	19d	1	0.28mi
6545 Baltimore Ave Dundalk, MD	2.0	1.0	852	$1,500	$1.76	45d	1	0.29mi
6537 Baltimore Ave Baltimore, MD	3.0	1.0	1272	$1,700	$1.34	3d	1	0.31mi
2624 Liberty Pkwy Dundalk, MD	3.0	1.5	1110	$1,856	$1.67	45d	1	0.35mi
7003 Dunmanway Dundalk, MD	1.0–2.0	1.0	772	$1,345	$1.74	3d	13	0.38mi
2125 Cameron Dr Dundalk, MD	1.0–2.0	1.0	697	$1,350	$1.94	45d	9	0.47mi
2907 Cornwall Rd Unit Road2nd Dundalk, MD	1.0	1.0	750	$950	$1.27	19d	1	0.53mi
2959 Liberty Pkwy Dundalk, MD	3.0	2.0	1479	$2,150	$1.45	45d	1	0.57mi
2939 Cornwall Rd Unit C Dundalk, MD	1.0	1.0	700	$900	$1.29	45d	1	0.57mi
2936 Yorkway #2 Dundalk, MD	1.0	1.0	1254	$950	$0.76	14d	1	0.60mi
2976 Cornwall Rd Unit 1 Dundalk, MD	2.0	1.0	900	$1,590	$1.77	16d	1	0.61mi
3443 Dunhaven Rd Dundalk, MD	2.0	2.0	1016	$1,900	$1.87	6d	1	0.85mi
3481 McShane Way Dundalk, MD	2.0	1.5	896	$2,150	$2.40	45d	1	0.93mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	45d	1	0.93mi
1915 Merritt Blvd Dundalk, MD	3.0	2.0	1208	$2,500	$2.07	45d	1	0.99mi
6722 Brentwood Ave Unit 2FL Dundalk, MD	3.0	1.0	900	$1,750	$1.94	45d	1	1.00mi
3503 Sollers Point Rd Dundalk, MD	3.0	1.0	776	$1,850	$2.38	14d	1	1.18mi
108 Chestnut St Dundalk, MD	2.0	1.0	812	$1,300	$1.60	17d	1	1.22mi
7718 Meath Rd Dundalk, MD	3.0	2.0	864	$2,200	$2.55	45d	1	1.25mi
1613 Elrino St Baltimore, MD	2.0	1.0	700	$1,350	$1.93	45d	1	1.29mi
7508 Ives Ln Dundalk, MD	2.0	1.0	896	$1,750	$1.95	45d	1	1.40mi
1504 Elrino St Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	5d	1	1.44mi

Listing history 10 events

1. 2026-06-21
   days on market $150,000 Active 16 DOM
2. 2026-06-18
   days on market $150,000 Active 13 DOM
3. 2026-06-17
   days on market $150,000 Active 12 DOM
4. 2026-06-16
   days on market $150,000 Active 11 DOM
5. 2026-06-15
   days on market $150,000 Active 10 DOM
6. 2026-06-13
   days on market $150,000 Active 8 DOM
7. 2026-06-09
   days on market $150,000 Active 4 DOM
8. 2026-06-08
   days on market $150,000 Active 3 DOM
9. 2026-06-07
   remarks 138-char remark
10. 2026-06-07
    listed $150,000 Active 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: $2,241 · $187/mo
• Projected year-2 tax: $2,241 · $187/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 8/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 57% 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: $19,988
• − Mortgage interest: −$8,402
• − Property taxes: −$2,241
• − Insurance: −$750
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$4,364
• Taxable income: $1,032
• Est. tax owed @ 24.0%: −$248
• After-tax cash flow: $3,112/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 — Dundalk

• Score: 85/100
• State rank: #16
• US rank: #510

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dundalk, MD
• County: Baltimore County · 769,527 people
• City population: 59,407
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 59,407
• Household income: $64,141
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 2566.0

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 0.60)
• Race & ethnicity: White 59% Black 18% Hispanic / Latino 15% Two or more races 7% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 85% English-only · Spanish 11% Other Indo-European 2% Arabic 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: ▼ -251.44%
• Current HPI: 228.4218
• Rent YoY: ▼ -0.09%
• 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

+275.0% since first listed

14 events — show timeline

• 2026-06-05 Listed $150,000 BRIGHT MLS
• 2025-05-07 Pending — BRIGHT MLS
• 2025-05-07 Listing Removed — BRIGHT MLS
• 2025-04-25 Listed $155,000 BRIGHT MLS
• 2025-04-21 Coming Soon — BRIGHT MLS
• 2019-11-13 Sold (Public Records) $100,000 Public Records
• 2019-10-07 Sold (MLS) $100,000 BRIGHT MLS
• 2019-08-08 Pending — BRIGHT MLS
• 2019-06-21 Price Changed $125,000 BRIGHT MLS
• 2019-06-07 Price Changed $129,000 BRIGHT MLS
• 2019-05-17 Listed $139,900 BRIGHT MLS
• 2017-10-17 Sold (Public Records) $50,000 Public Records
• 2007-05-16 Sold (Public Records) $90,000 Public Records
• 2000-11-27 Sold (Public Records) $40,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $2,241 · +12.6% YoY. Source: county tax records.