713 Old New Windsor Pike · Westminster, MD 21157

$199,900

3 bd · 1.0 ba · 1,520 sqft · SingleFamily public records · 1 Days on market

Built 1958 0.43 ac lot

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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 +25.7/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor special - after rehab value in the $350K-375K range. Property has new electric panel, a new HVAC system, newer water heater. The property also includes an additional dwelling unit with a separate address (681 Old New Windsor). Property to be sold completely as-is. Buyer repsonsible for removal of all personal property in dwelling. Cash only

Key facts

• New electric panel
• Newer water heater
• New hvac system

Tags

• NEW ELECTRIC PANEL
• NEW HVAC SYSTEM
• NEWER WATER HEATER
• ADDITIONAL DWELLING UNIT

Property features AI

Exterior

• Parking: Detached front-entry garage with 2 spaces; Asphalt driveway
• Utilities: Well water; On-site septic; Electric-powered systems
• Home design: Detached property; Major rehab needed
• Construction: Frame construction with vinyl siding; Architectural shingle roof; Block foundation; Basement: full, unfinished, with waterproofing system; Building not winterized; Year built (source: assessor)
• Exterior features: Not in a federal flood zone; Guest house on the property; Above-grade and below-grade structures; Ground rent paid annually

Interior

• Kitchen: Refrigerator; Stainless steel appliances; Dishwasher
• Bedrooms: 3 bedrooms on the main level
• Flooring: Hardwood; Laminate plank
• Bathrooms: 2 full bathrooms (1 on main level, 1 on lower level)
• Heating & cooling: Heat pump heating (electric); Central air conditioning; Ceiling fans; 200+ amp electric service
• Interior features: Ceiling fans; Eat-in kitchen; Drywall walls and ceilings; Stone fireplace (1)
• Laundry & utility: Electric hot water

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $480 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 9.2% vs local median 2.5% in Westminster — 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 70/100 on livability (#176 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: schools C-, amenities C-, commute F.
• Carroll County Public Schools (suburban): math 32% / reading 47% proficiency, ranked #2 of 24 in MD (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 210 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 156 units permitted in Carroll County in 2024 (12 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.
• Carroll County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 25y 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 $133k; list at $200k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $199,900

Questions for the listing agent

1. Built in 1958 — 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. 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.
4. 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.
5. 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: 1.18% ✓
• Cap rate: 9.17%
• Cash-on-cash: 10.28%
• DSCR: 1.46
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-7,197
• Equity at exit: $29,806

10-year hold

• IRR: 3.3%
• Equity multiple: 1.22×
• Total profit: $12,112
• Equity at exit: $17,284

Cash invested: $55,972 (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 21157

• Rents YoY: 0.7%
• Active inventory: 210
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,350 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$246 /mo · $2,947/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $480

Break-even live

Break-even rent $1,743

Max offer price $199,900

Occupancy floor 75%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
850 Medinah Cir Westminster, MD	3.0	2.5	1650	$2,400	$1.45	4d	1	0.09mi
488 Lakes Ct Westminster, MD	3.0	2.5	1472	$2,900	$1.97	43d	1	0.72mi
519 Quarrier Ct Westminster, MD	3.0	1.5	1208	$2,100	$1.74	17d	1	0.87mi
663 Johahn Dr Westminster, MD	3.0	2.5	1240	$2,500	$2.02	23d	1	1.31mi

Listing history 2 events

1. 2026-06-19
   remarks 352-char remark
2. 2026-06-19
   listed $199,900 Active 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: $2,947 · $246/mo
• Projected year-2 tax: $2,947 · $246/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 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,205
• − Mortgage interest: −$11,198
• − Property taxes: −$2,947
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,256
• − Management: −$2,256
• − Depreciation: −$5,815
• Taxable income: $2,733
• Est. tax owed @ 24.0%: −$656
• After-tax cash flow: $5,100/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: Carroll County Public Schools
• NCES district ID: 2400210
• Math proficiency: 32% ▼ -25.00%
• Reading proficiency: 47% ▼ -16.00%
• Median HH income: $84,594
• Composite: 37.33/100
• National rank: #4441
• State rank: #2 of 24 in MD

Livability — Westminster

• Score: 70/100
• State rank: #176
• US rank: #7864

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carroll County · 100,325 people
• City population: 61,067
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 38,984
• Household income: $104,966
• Rent vs Own: 23.2% rent · 76.8% own
• Severe rent burden: 676.0

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 169,677 people
• By 2030: 169,605 · +-0.0%
• By 2040: 166,205 · -2.0%
• By 2050: 158,312 · -6.7%
• By 2075: 143,013 · -15.7%
• By 2100: 122,431 · -27.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 6% Two or more races 5% Black 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 3% Italian 1% Slovak 1%
• Foreign-born: 5% · Canada, Dominican Republic
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Carroll

• 2024 margin: Strong R (+24.9) · D 36.2% · R 61.2% · Other 2.6%
• 2008→2024 swing: +6.2pp toward D · 2008: -31.2pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+23.7 2016: R+36.9 2012: R+34.0 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -317.99%
• Current HPI: 267.996
• Rent YoY: ▲ 0.67%
• 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

+185.6% since first listed

5 events — show timeline

• 2026-06-18 Listed $199,900 BRIGHT MLS
• 2002-02-02 Delisted — MRIS
• 2001-11-12 Listed — MRIS
• 1992-05-18 Sold (Public Records) $133,000 Public Records
• 1983-09-19 Sold (Public Records) $70,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,947 · +4.2% YoY. Source: county tax records.