130 Slade Ave #414 · Pikesville, MD 21208

$90,000

2 bd · 1.0 ba · 852 sqft · Condo public records · 50 Days on market

Built 1968 $544/mo HOA · 33% of rent

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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 +18.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Rent growth +3.9/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This lovely 1 BR/1 BA fourth floor condo is a must see! Freshly painted with updated carpet throughout. Main living area boasts desirable bright & open concept living flooded with natural light. Kitchen features upgraded cabinets, granite counters & a pantry with pull out shelving. Dining area opens to large living room & den/office with beautifully painted exposed brick. Living area with sliding doors to private balcony. Secure building with doorman, reserved parking, elevators, & laundry available on each floor. Shows great, move in ready & near all conveniences including shopping, dining, recreation & transportation.

Key facts

• Move-in ready
• Newer appliances
• Central air

Tags

• SECURE DOORMAN BUILDING
• EXTRA ROOM AS OFFICE
• CENTRAL AIR
• NEWER APPLIANCES
• LAUNDRY ROOM IN BUILDING
• MOVE-IN READY

Property features AI

Finance

• Other: Condominium ownership; Unit finished area approximately 852 (estimated)
• HOA & community: Monthly condo fee of $544.98; HOA covers water, sewer, trash, snow removal, lawn maintenance, and exterior building maintenance

Exterior

• Parking: Parking lot
• Utilities: Public water; Public sewer; Electric service (standard)
• Home design: Mid-rise condominium (5–8 stories); Unit/flat; Entry on 4th floor; Brick exterior
• Construction: Brick construction; Estimated year built
• Exterior features: Located outside city limits; Above-grade and below-grade common structures

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central air conditioning; Multi-tank hot water
• Interior features: Elevator access; No basement
• Laundry & utility: No in-unit washer/dryer or hook-up

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $77 ($924/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 2.6% in Pikesville — 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 69/100 on livability (#191 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: amenities F, commute F, cost of living 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: Campfield Early Childhood Center (352 students, 62% FRL); Pikesville Middle (math 9% / reading 35%, grade F, #125 of 225 statewide, top 58%, 967 students, 56% FRL); Pikesville High (math 17% / reading 66%, grade F, #128 of 222 statewide, top 57%, 895 students, 46% FRL) — zoned schools average 55% FRL vs 39% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.6%/yr); 171 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $622 of loan paydown is wiped out by about $3k 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 + 5.6% rent growth), your $25k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask is 6567% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $49k; list at $90k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: moderate wind risk, 23% 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 $87,300 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.83% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.67%
• DSCR: 1.16
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.64% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.81×
• Total profit: $-4,783
• Equity at exit: $13,419

10-year hold

• IRR: 9.8%
• Equity multiple: 1.92×
• Total profit: $23,262
• Equity at exit: $7,782

Cash invested: $25,200 (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 21208

• Rents YoY: 5.6%
• Active inventory: 171
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,651 high
• Mortgage (P&I): −$472
• Tax from tax record: −$174 /mo · $2,088/yr
• Insurance: −$38
• HOA: −$544
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $77

Break-even live

Break-even rent $1,554

Max offer price $90,000

Occupancy floor 90%

Sensitivity live

Price	-10% $128	-5% $102	+0% $77	+5% $52	+10% $26
Rent	-10% $-53	-5% $12	+0% $77	+5% $142	+10% $207
Rate	-1.0pp $122	-0.5pp $100	base $77	+0.5pp $54	+1.0pp $30

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Warren Park Dr Pikesville, MD	3.0	1.0–2.0	903	$1,467	$1.62	0d	12	0.19mi
3700 Seven Mile Ln Pikesville, MD	1.0–2.0	1.0–2.0	1063	$1,720	$1.62	0d	11	0.63mi
7220 Park Heights Ave Pikesville, MD	2.0	2.0	1050	$1,565	$1.49	5d	2	0.73mi
6609 Eberle Dr Baltimore, MD	1.0–3.0	1.0–2.0	1011	$1,476	$1.46	0d	26	1.01mi
6810 Park Heights Ave Baltimore, MD	1.0	1.0	800	$1,295	$1.62	46d	1	1.05mi
3607 Labyrinth Rd Baltimore, MD	1.0–3.0	1.0–2.0	925	$1,600	$1.73	21d	5	1.10mi
3809 Clarks Ln Unit 301 Baltimore, MD	2.0	2.0	1057	$1,600	$1.51	26d	1	1.16mi
6825 Campfield Rd Gwynn Oak, MD	1.0	1.0	480	$3,000	$6.25	18d	1	1.22mi
4 Deauville Ct Pikesville, MD	1.0–3.0	1.0–2.0	1017	$1,713	$1.68	0d	24	1.23mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	26d	1	1.26mi
4412 Old Court Rd Pikesville, MD	2.0	2.0	1066	$1,400	$1.31	46d	1	1.33mi
3800 Fords Ln Baltimore, MD	1.0	1.0	710	$1,250	$1.76	4d	3	1.35mi
3638 Fords Ln Baltimore, MD	2.0	2.0	1001	$1,795	$1.79	46d	1	1.37mi
3014 Romaric Ct Baltimore, MD	2.0	1.0	880	$1,724	$1.96	6d	1	1.44mi
3014 Romaric Ct Baltimore, MD	2.0	2.0	940	$1,719	$1.83	0d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,549	$2.15	46d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	680	$1,449	$2.13	26d	1	1.44mi
3014 Romaric Ct Baltimore, MD	2.0	2.0	940	$1,709	$1.82	4d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,569	$2.18	5d	1	1.44mi
3014 Romaric Ct Baltimore, MD	1.0	1.0	720	$1,589	$2.21	14d	1	1.44mi
4008 Fordleigh Rd Baltimore, MD	1.0–2.0	1.0	695	$1,305	$1.88	6d	6	1.44mi

HOA detail condo

• Monthly dues: $544 · $6,528/yr
• Likely covers: doorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-15
   days on market $90,000 Active 50 DOM
2. 2026-06-13
   days on market $90,000 Active 48 DOM
3. 2026-06-09
   days on market $90,000 Active 44 DOM
4. 2026-06-08
   days on market $90,000 Active 43 DOM
5. 2026-06-07
   days on market $90,000 Active 42 DOM
6. 2026-06-04
   days on market $90,000 Active 39 DOM
7. 2026-06-03
   days on market $90,000 Active 38 DOM
8. 2026-06-02
   days on market $90,000 Active 37 DOM
9. 2026-06-01
   days on market $90,000 Active 36 DOM
10. 2026-05-31
    days on market $90,000 Active 35 DOM
11. 2026-05-13
    price $90,000 318-char remark
12. 2026-04-27
    listed $1,350
13. 2026-04-26
    listed $92,000 Active 318-char remark
14. 2020-02-20
    soldstatus $48,750
15. 2020-01-31
    soldstatus $48,750 Closed 662-char remark

    Show marketing remark (662 chars)

    This lovely 1 BR/1 BA fourth floor condo is a must see! Freshly painted with updated carpet throughout. Main living area boasts desirable bright & open concept living flooded with natural light. Kitchen features upgraded cabinets, granite counters & a pantry with pull out shelving. Dining area opens to large living room & den/office with beautifully painted exposed brick. Living area with sliding doors to private balcony. Secure building with doorman, reserved parking, elevators, & laundry available on each floor. Shows great, move in ready & near all conveniences including shopping, dining, recreation & transportation.

16. 2020-01-04
    status Pending 662-char remark

    Show marketing remark (662 chars)

    This lovely 1 BR/1 BA fourth floor condo is a must see! Freshly painted with updated carpet throughout. Main living area boasts desirable bright & open concept living flooded with natural light. Kitchen features upgraded cabinets, granite counters & a pantry with pull out shelving. Dining area opens to large living room & den/office with beautifully painted exposed brick. Living area with sliding doors to private balcony. Secure building with doorman, reserved parking, elevators, & laundry available on each floor. Shows great, move in ready & near all conveniences including shopping, dining, recreation & transportation.

17. 2019-12-31
    listed $49,900 Active 662-char remark

    Show marketing remark (662 chars)

    This lovely 1 BR/1 BA fourth floor condo is a must see! Freshly painted with updated carpet throughout. Main living area boasts desirable bright & open concept living flooded with natural light. Kitchen features upgraded cabinets, granite counters & a pantry with pull out shelving. Dining area opens to large living room & den/office with beautifully painted exposed brick. Living area with sliding doors to private balcony. Secure building with doorman, reserved parking, elevators, & laundry available on each floor. Shows great, move in ready & near all conveniences including shopping, dining, recreation & transportation.

18. 2001-01-05
    soldstatus $50,000
19. 2000-12-15
    soldstatus $50,000
20. 2000-10-25
    historical
21. 2000-09-24
    listed $54,900

ⓘ 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: $2,088 · $174/mo
• Projected year-2 tax: $2,088 · $174/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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,815
• − Mortgage interest: −$5,041
• − Property taxes: −$2,088
• − Insurance: −$450
• − Repairs & maintenance: −$1,585
• − Management: −$1,585
• − HOA: −$6,528
• − Depreciation: −$2,618
• Taxable loss: −$82
• Est. tax savings @ 24.0%: +$20
• After-tax cash flow: $943/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 — Pikesville

• Score: 69/100
• State rank: #191
• US rank: #8765

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pikesville, MD
• County: Baltimore County · 769,527 people
• City population: 37,276
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 37,276
• Household income: $90,131
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1588.0

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 0.59)
• Race & ethnicity: White 47% Black 43% Hispanic / Latino 4% Two or more races 4% Asian 3%
• Common ancestry: Scotch-Irish 4% Romanian 3% Subsaharan African 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 2% Russian/Polish/Slavic 2%

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: ▼ -299.14%
• Current HPI: 237.5825
• Rent YoY: ▲ 5.64%
• 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

-97.5% since first listed

13 events — show timeline

• 2026-06-15 Rental Removed $1,350 BRIGHTMLS
• 2026-06-15 Listing Removed — BRIGHT MLS
• 2026-05-13 Price Changed $90,000 BRIGHT MLS
• 2026-04-27 Listed for Rent $1,350 BRIGHTMLS
• 2026-04-26 Listed $92,000 BRIGHT MLS
• 2020-02-20 Sold (Public Records) $48,750 Public Records
• 2020-01-31 Sold (MLS) $48,750 BRIGHT MLS
• 2020-01-04 Pending — BRIGHT MLS
• 2019-12-31 Listed $49,900 BRIGHT MLS
• 2001-01-05 Sold (Public Records) $50,000 Public Records
• 2000-12-15 Sold (MLS) $50,000 MRIS
• 2000-10-25 Delisted — MRIS
• 2000-09-24 Listed $54,900 MRIS

Property tax history

+2.9%/yr

Latest (2025): $2,088 · +8.5% YoY. Source: county tax records.