7037 Gough St · Dundalk, MD 21224

$149,900

2 bd · 1.5 ba · 896 sqft · Townhouse public records · 31 Days on market

Built 1953 1,600 sqft lot Est $158k · at est.

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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 +25.3/30.0
• ARV discount +9.7/15.0
• DSCR +8.3/10.0
• 1% rule +6.8/10.0
• Livability +4.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 7037 Gough St — a classic brick interior rowhome located in the established Eastwood community of Baltimore County. This property features 2 bedrooms and 1 full bath on the upper level, plus a convenient half bath in the basement. Offering approximately 1,344 total sq ft, the home includes a covered front porch, public water/sewer, and a traditional attached rowhome layout. Excellent opportunity for an owner-occupant looking to build equity or an investor seeking their next renovation or rental project. Conveniently located near major commuter routes, shopping, dining, and downtown Baltimore. Property sold strictly AS-IS, WHERE-IS. Buyer to verify all information including

Key facts

• Covered front porch
• Shopping
• Brick interior

Tags

• BRICK INTERIOR
• COVERED FRONT PORCH
• ATTACHED ROWHOME LAYOUT
• MAJOR COMMUTER ROUTES
• SHOPPING
• DINING

Property features AI

Finance

• Other: Finished above-grade area and below-grade unfinished area recorded by assessor

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas hot water; Natural gas heating
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Block foundation; Above-grade and below-grade structures; Built (year per assessor)
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating; Cooling: Other
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/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: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 6.2% 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.
• Market conditions: Rents rising (+1.3%/yr); 393 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 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 $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 31 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.18% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.69%
• DSCR: 1.43
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $157,696
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7276 Conley St	0.30mi	2/1.0	896 (0%)	13mo	$190,000	$212	73
6919 Eastbrook Ave	0.06mi	2/1.0	784 (-12%)	4mo	$135,000	$172	70
6930 Gough St	0.06mi	3/1.5 (+1)	784 (-12%)	7mo	$199,999	$255	66
7279 Gough St	0.31mi	2/1.5	996 (+11%)	4mo	$137,800	$138	64
414 Kane St	0.49mi	2/1.0	840 (-6%)	4mo	$140,000	$167	61
316 Kane St	0.48mi	2/2.0	840 (-6%)	8mo	$112,000	$133	59
7806 Eastdale Rd	0.73mi	2/1.0	896 (0%)	10mo	$165,000	$184	56
7820 Wynbrook Rd	0.75mi	3/2.0 (+1)	896 (0%)	3mo	$151,200	$169	56
7169 Eastbrook Ave	0.29mi	3/2.0 (+1)	996 (+11%)	7mo	$230,000	$231	55
316 Hornel St	0.63mi	2/1.0	990 (+10%)	0mo	$140,000	$141	51
1242 Delbert Ave	0.65mi	3/1.5 (+1)	1,024 (+14%)	3mo	$219,822	$215	38
1210 Delbert Ave	0.60mi	3/1.0 (+1)	1,024 (+14%)	12mo	$180,000	$176	31

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.87×
• Total profit: $-5,611
• Equity at exit: $22,351

10-year hold

• IRR: 4.0%
• Equity multiple: 1.27×
• Total profit: $11,370
• Equity at exit: $12,961

Cash invested: $41,972 (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 21224

• Rents YoY: 1.3%
• Active inventory: 393
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,764 high
• Mortgage (P&I): −$786
• Tax from tax record: −$206 /mo · $2,470/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $339

Break-even live

Break-even rent $1,335

Max offer price $149,900

Occupancy floor 76%

Sensitivity live

Price	-10% $424	-5% $381	+0% $339	+5% $297	+10% $254
Rent	-10% $200	-5% $269	+0% $339	+5% $409	+10% $478
Rate	-1.0pp $414	-0.5pp $377	base $339	+0.5pp $300	+1.0pp $261

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	23d	1	0.09mi
6802 Conley St Baltimore, MD	2.0	1.5	939	$1,750	$1.86	23d	1	0.15mi
6905 Bank St Baltimore, MD	2.0	1.5	784	$1,650	$2.10	45d	1	0.17mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	25d	1	0.33mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	19d	1	0.36mi
334 Kane St Baltimore, MD	2.0	2.0	1050	$1,675	$1.60	25d	1	0.47mi
630 47th St Unit B Baltimore, MD	2.0	1.0	750	$1,200	$1.60	45d	1	0.57mi
628 47th St Apt RW2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	12d	1	0.57mi
628 47th St Apt E Baltimore, MD	1.0	1.0	650	$975	$1.50	25d	1	0.57mi
632 47th St Baltimore, MD	1.0	1.0	650	$975	$1.50	4d	2	0.57mi
363 Gusryan St Baltimore, MD	2.0	2.0	840	$1,950	$2.32	13d	1	0.64mi
309 52nd St Unit A Baltimore, MD	2.0	1.0	722	$1,350	$1.87	25d	1	0.73mi
442 Folcroft St Unit A Baltimore, MD	2.0	1.5	1071	$1,600	$1.49	4d	1	0.73mi
421 Elrino St Unit B Baltimore, MD	1.0	1.0	750	$995	$1.33	25d	1	0.75mi
6201 Eastern Ave Baltimore, MD	1.0	1.0	650	$1,350	$2.08	45d	1	0.78mi
440 Elrino St Unit 2 Baltimore, MD	1.0	1.0	750	$1,050	$1.40	25d	1	0.78mi
456 Elrino St Unit B Baltimore, MD	2.0	1.0	800	$1,600	$2.00	45d	1	0.79mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	45d	1	0.86mi
7517 Belmont Ave Baltimore, MD	2.0	1.0	720	$1,800	$2.50	19d	1	0.87mi
7915 Eastdale Rd Baltimore, MD	2.0	1.0	896	$1,500	$1.67	45d	1	0.88mi
7948 Eastdale Rd Baltimore, MD	3.0	1.0	1024	$1,700	$1.66	45d	1	0.95mi
7951 E Baltimore St Baltimore, MD	3.0	1.0	1024	$1,750	$1.71	3d	1	0.95mi
8036 Lansdale Rd Unit 1 Baltimore, MD	3.0	1.0	1024	$1,775	$1.73	6d	1	1.00mi
944 Dalton Ave Baltimore, MD	3.0	2.0	1024	$2,100	$2.05	12d	1	1.01mi
932 Elton Ave Baltimore, MD	3.0	2.0	1024	$1,950	$1.90	19d	1	1.02mi
560 Bayview Blvd Baltimore, MD	1.0–3.0	1.0–3.0	1108	$2,515	$2.27	3d	25	1.10mi
6722 Brentwood Ave Unit 2FL Dundalk, MD	3.0	1.0	900	$1,750	$1.94	45d	1	1.16mi
6722 Brentwood Ave Unit B Dundalk, MD	1.0	1.0	540	$1,500	$2.78	45d	1	1.16mi
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	45d	1	1.18mi
6518 Brown Ave Baltimore, MD	1.0–2.0	1.0	675	$1,300	$1.93	25d	3	1.23mi
1504 Elrino St Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	5d	1	1.24mi
849 Loalan Ave Dundalk, MD	3.0	1.5	1024	$1,850	$1.81	16d	1	1.31mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	45d	1	1.32mi
1613 Elrino St Baltimore, MD	2.0	1.0	700	$1,350	$1.93	45d	1	1.35mi

Listing history 13 events

1. 2026-06-21
   days on market $149,900 Active 31 DOM
2. 2026-06-18
   days on market $149,900 Active 28 DOM
3. 2026-06-17
   days on market $149,900 Active 27 DOM
4. 2026-06-16
   days on market $149,900 Active 26 DOM
5. 2026-06-15
   days on market $149,900 Active 25 DOM
6. 2026-06-13
   days on market $149,900 Active 23 DOM
7. 2026-06-09
   days on market $149,900 Active 19 DOM
8. 2026-06-08
   days on market $149,900 Active 18 DOM
9. 2026-06-07
   statusdays on market $149,900 Active 17 DOM
10. 2026-06-02
    status $149,900 Active Under Contract 15 DOM
11. 2026-06-01
    days on market $149,900 Active 15 DOM
12. 2026-05-31
    days on market $149,900 Active 14 DOM
13. 2026-05-17
    listed $149,900 Active

ⓘ 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: $2,470 · $206/mo
• Projected year-2 tax: $2,470 · $206/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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $21,165
• − Mortgage interest: −$8,397
• − Property taxes: −$2,470
• − Insurance: −$750
• − Repairs & maintenance: −$1,693
• − Management: −$1,693
• − Depreciation: −$4,361
• Taxable income: $1,802
• Est. tax owed @ 24.0%: −$432
• After-tax cash flow: $3,635/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 City · 558,601 people
• City population: 59,407
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

1 event — show timeline

• 2026-05-17 Listed $149,900 BRIGHT MLS

Property tax history

+4.6%/yr

Latest (2025): $2,470 · +5.1% YoY. Source: county tax records.