6810 Belclare Rd · Dundalk, MD 21222

$225,000

3 bd · 1.0 ba · 962 sqft · SingleFamily public records · 37 Days on market

Built 1924 9,112 sqft lot $234/sqft · 13% below area Est $260k · 13% under

---

Why this score? — see what drove the D 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).

• ARV discount +13.5/15.0
• Cash flow +12.3/30.0
• Livability +4.2/5.0
• DSCR +3.7/10.0
• 1% rule +3.1/10.0
• 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

Welcome to this charming single-family home in the sought-after Dundalk Highlands community, offering incredible potential for homeowners and investors alike. This cozy residence features two bedrooms on the main level, along with a versatile third bedroom in the spacious upper-level loft—perfect for a private retreat, home office, or flex space. The main level includes a full bathroom, while the unfinished basement provides additional opportunity with a convenient half bath already in place—ideal for future expansion or added value. Outside, the property truly shines with a large, private yard and an expansive driveway offering ample off-street parking. The oversized detached garage is a standout feature, complete with additional upper-level space that could be used for storage, a workshop, or future customization. Whether you’re looking to renovate, invest, or create your dream home, this property is full of possibilities in a well-established neighborhood. This is an estate sale.

Key facts

• Expansive driveway
• Private yard
• Upper-level space

Tags

• DUNDALK HIGHLANDS COMMUNITY
• PRIVATE YARD
• EXPANSIVE DRIVEWAY
• OVERSIZED DETACHED GARAGE
• UPPER-LEVEL SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-41 ($-489/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (3.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (18.7% below list).
• Recommended offer: $183k (18.7% below list) — sets the bar for 1% rule.

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 Elementary (math 6% / reading 8%, grade F, #726 of 860 statewide, top 86%, 743 students, 74% FRL); Dundalk Middle (math 2% / reading 13%, grade F, #217 of 225 statewide, top 97%, 860 students, 64% FRL); Dundalk High (math 5% / reading 33%, grade F, #177 of 222 statewide, top 80%, 2,193 students, 62% FRL) — zoned schools average 66% FRL vs 39% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 11% at this address vs 24% district-wide (-13 pts) — the specific schools serving this property underperform the Baltimore County Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.1%/yr); 238 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 41% 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 34% 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 $2k of loan paydown is wiped out by about $7k 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 37 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 21y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 58% 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 $182,974 (18.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.81% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.78%
• DSCR: 0.97
• GRM: 10.2

CMA / ARV

• ARV (median comp): $259,641
• List price: $225,000
• Delta: -13.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3419 Sollers Point Rd	0.61mi	4/1.0 (+1)	852 (-11%)	1mo	$140,000	$164	47
3142 Yorkway	0.40mi	4/1.5 (+1)	1,088 (+13%)	11mo	$255,000	$234	44
3309 Sollers Point Rd	0.58mi	3/2.0	910 (-5%)	22mo	$259,000	$285	42
6517 Baltimore	0.74mi	2/1.0 (-1)	906 (-6%)	20mo	$130,000	$143	34

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: -20.9%
• Equity multiple: 0.29×
• Total profit: $-44,434
• Equity at exit: $33,548

10-year hold

• IRR: -22.6%
• Equity multiple: 0.00×
• Total profit: $-62,819
• Equity at exit: $19,454

Cash invested: $63,000 (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: 238
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,830 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$213 /mo · $2,551/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-41

Break-even live

Break-even rent $1,881

Max offer price $217,796

Occupancy floor 97%

Sensitivity live

Price	-10% $87	-5% $23	+0% $-41	+5% $-104	+10% $-168
Rent	-10% $-185	-5% $-113	+0% $-41	+5% $31	+10% $104
Rate	-1.0pp $73	-0.5pp $16	base $-41	+0.5pp $-99	+1.0pp $-158

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3443 Dunhaven Rd Dundalk, MD	2.0	2.0	1016	$1,900	$1.87	6d	1	0.25mi
3481 McShane Way Dundalk, MD	2.0	1.5	896	$2,150	$2.40	45d	1	0.33mi
7003 Dunmanway Dundalk, MD	1.0–2.0	1.0	772	$1,345	$1.74	3d	13	0.36mi
2976 Cornwall Rd Unit 1 Dundalk, MD	2.0	1.0	900	$1,590	$1.77	16d	1	0.38mi
108 Chestnut St Dundalk, MD	2.0	1.0	812	$1,300	$1.60	18d	1	0.61mi
2624 Liberty Pkwy Dundalk, MD	3.0	1.5	1110	$1,856	$1.67	45d	1	0.65mi
3503 Sollers Point Rd Dundalk, MD	3.0	1.0	776	$1,850	$2.38	14d	1	0.65mi
6545 Baltimore Ave Dundalk, MD	2.0	1.0	852	$1,500	$1.76	45d	1	0.68mi
6552 Parnell Ave Dundalk, MD	2.0	1.5	885	$1,500	$1.69	19d	1	0.74mi
7718 Meath Rd Dundalk, MD	3.0	2.0	864	$2,200	$2.55	45d	1	0.75mi
214 Center St Dundalk, MD	3.0	1.5	992	$1,795	$1.81	12d	1	0.97mi
135 Carver Rd Dundalk, MD	2.0	1.0	756	$1,300	$1.72	0d	1	1.06mi
2125 Cameron Dr Dundalk, MD	1.0–2.0	1.0	697	$1,350	$1.94	45d	9	1.08mi
511 Avondale Rd Dundalk, MD	2.0–4.0	1.0–2.0	1146	$1,760	$1.54	0d	72	1.11mi
8220 Cornwall Rd Dundalk, MD	3.0	2.0	1125	$1,775	$1.58	45d	1	1.21mi
7901 Stratman Rd Dundalk, MD	3.0	1.0	890	$1,647	$1.85	4d	1	1.42mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	45d	1	1.45mi

Listing history 7 events

1. 2026-05-13
   price $225,000 1015-char remark

   Show marketing remark (1015 chars)

   Welcome to this charming single-family home in the sought-after Dundalk Highlands community, offering incredible potential for homeowners and investors alike. This cozy residence features two bedrooms on the main level, along with a versatile third bedroom in the spacious upper-level loft—perfect for a private retreat, home office, or flex space. The main level includes a full bathroom, while the unfinished basement provides additional opportunity with a convenient half bath already in place—ideal for future expansion or added value. Outside, the property truly shines with a large, private yard and an expansive driveway offering ample off-street parking. The oversized detached garage is a standout feature, complete with additional upper-level space that could be used for storage, a workshop, or future customization. Whether you’re looking to renovate, invest, or create your dream home, this property is full of possibilities in a well-established neighborhood. This is an estate sale.

2. 2026-04-21
   price $235,000 1015-char remark

   Show marketing remark (1015 chars)

   Welcome to this charming single-family home in the sought-after Dundalk Highlands community, offering incredible potential for homeowners and investors alike. This cozy residence features two bedrooms on the main level, along with a versatile third bedroom in the spacious upper-level loft—perfect for a private retreat, home office, or flex space. The main level includes a full bathroom, while the unfinished basement provides additional opportunity with a convenient half bath already in place—ideal for future expansion or added value. Outside, the property truly shines with a large, private yard and an expansive driveway offering ample off-street parking. The oversized detached garage is a standout feature, complete with additional upper-level space that could be used for storage, a workshop, or future customization. Whether you’re looking to renovate, invest, or create your dream home, this property is full of possibilities in a well-established neighborhood. This is an estate sale.

3. 2026-04-15
   listed $245,000 Active 1015-char remark

   Show marketing remark (1015 chars)

   Welcome to this charming single-family home in the sought-after Dundalk Highlands community, offering incredible potential for homeowners and investors alike. This cozy residence features two bedrooms on the main level, along with a versatile third bedroom in the spacious upper-level loft—perfect for a private retreat, home office, or flex space. The main level includes a full bathroom, while the unfinished basement provides additional opportunity with a convenient half bath already in place—ideal for future expansion or added value. Outside, the property truly shines with a large, private yard and an expansive driveway offering ample off-street parking. The oversized detached garage is a standout feature, complete with additional upper-level space that could be used for storage, a workshop, or future customization. Whether you’re looking to renovate, invest, or create your dream home, this property is full of possibilities in a well-established neighborhood. This is an estate sale.

4. 2005-12-07
   soldstatus $210,000
5. 2005-09-16
   soldstatus $210,000 380-char remark

   Show marketing remark (380 chars)

   DRASTICALLY REDUCED!! This 3BR home located on almost 1/4 acre has so much potentialThe property includes a 2-car garage w/ stairs to large storage roomUpdated kitchen w/ L-shaped walls of cherry cabinets & recessed lightsLarge LR & separate DR for entertainmentBasement unfinished but has lots of space for you to design & build rooms-OWNER SAYS MAKE AN OFFER!!

6. 2005-07-28
   historical 380-char remark

   Show marketing remark (380 chars)

   DRASTICALLY REDUCED!! This 3BR home located on almost 1/4 acre has so much potentialThe property includes a 2-car garage w/ stairs to large storage roomUpdated kitchen w/ L-shaped walls of cherry cabinets & recessed lightsLarge LR & separate DR for entertainmentBasement unfinished but has lots of space for you to design & build rooms-OWNER SAYS MAKE AN OFFER!!

7. 2005-06-29
   listed $225,000 380-char remark

   Show marketing remark (380 chars)

   DRASTICALLY REDUCED!! This 3BR home located on almost 1/4 acre has so much potentialThe property includes a 2-car garage w/ stairs to large storage roomUpdated kitchen w/ L-shaped walls of cherry cabinets & recessed lightsLarge LR & separate DR for entertainmentBasement unfinished but has lots of space for you to design & build rooms-OWNER SAYS MAKE AN OFFER!!

ⓘ 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: $2,551 · $213/mo
• Projected year-2 tax: $2,551 · $213/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 58% 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: $21,957
• − Mortgage interest: −$12,603
• − Property taxes: −$2,551
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,757
• − Management: −$1,757
• − Depreciation: −$6,545
• Taxable loss: −$4,381
• Est. tax savings @ 24.0%: +$1,052
• After-tax cash flow: $562/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

+0.0% since first listed

7 events — show timeline

• 2026-05-13 Price Changed $225,000 BRIGHT MLS
• 2026-04-21 Price Changed $235,000 BRIGHT MLS
• 2026-04-15 Listed $245,000 BRIGHT MLS
• 2005-12-07 Sold (Public Records) $210,000 Public Records
• 2005-09-16 Sold (MLS) $210,000 MRIS
• 2005-07-28 Delisted — MRIS
• 2005-06-29 Listed $225,000 MRIS

Property tax history

+2.4%/yr

Latest (2025): $2,551 · +2.4% YoY. Source: county tax records.