3174 Shiloh · Lansdowne, MD 21227

$175,000

3 bd · 1.0 ba · 1,024 sqft · Townhouse public records · 34 Days on market

Built 1956 4,176 sqft lot $171/sqft · at area comps Est $167k · at est.

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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).

• Cash flow +18.4/30.0
• DSCR +5.8/10.0
• 1% rule +5.5/10.0
• ARV discount +5.4/15.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

Key facts

• Built 1956
• Listed 34 days

Property features AI

Exterior

• Parking: Paved parking; On-street parking; Parking lot available; Public/unassigned parking
• Utilities: Public water; Public sewer; Electric cooling
• Home design: End-of-row townhouse; Fee simple ownership; Above-grade finished living area recorded by assessor
• Construction: Brick and vinyl siding exterior; Slab foundation
• Exterior features: Chain link fencing; Not in a federal flood zone

Interior

• Kitchen: Built-in microwave; Dishwasher; Gas oven/range; Refrigerator; Exhaust fan
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Heat pump(s); Central air conditioning; Natural gas heating; Natural gas hot water
• Interior features: Ceiling fans; Eat-in kitchen
• Laundry & utility: Washer and dryer in unit; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $175k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.5% in Lansdowne — 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 66/100 on livability (#235 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A, housing A-; Watch: employment D, crime F, amenities 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: Riverview Elementary (math 5% / reading 9%, grade F, #726 of 860 statewide, top 86%, 546 students, 74% FRL); Lansdowne Middle (math 2% / reading 18%, grade F, #209 of 225 statewide, top 93%, 869 students, 62% FRL); Lansdowne High (math 3% / reading 25%, grade F, #190 of 222 statewide, top 86%, 1,410 students, 60% FRL) — zoned schools average 65% FRL vs 39% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 24% district-wide (-14 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 rising (+1.2%/yr); 100 active listings in the ZIP; 12 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; 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 $5k 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 34 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y 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.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1956 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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. 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?
7. 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.
8. 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.
9. 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: 1.05% ✓
• Cap rate: 7.41%
• Cash-on-cash: 4.00%
• DSCR: 1.18
• GRM: 7.9

CMA / ARV

• ARV (median comp): $167,201
• List price: $175,000
• Delta: 4.66%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3167 Bero Rd	0.08mi	3/1.0	1,024 (0%)	4mo	$165,000	$161	93
446 Bigley Ave	0.16mi	3/1.0	1,024 (0%)	5mo	$150,000	$146	89
430 Burbank Ct	0.19mi	3/1.0	1,024 (0%)	6mo	$195,000	$190	86
1017 Fredonia Ct	0.17mi	3/1.0	1,024 (0%)	8mo	$140,000	$137	85
3055 Freeway	0.21mi	3/1.0	1,024 (0%)	6mo	$160,000	$156	85
800 Seckel Ct	0.23mi	2/1.0 (-1)	1,024 (0%)	6mo	$135,000	$132	80
817 5th Ave	0.32mi	3/1.0	1,024 (0%)	7mo	$175,000	$171	80
3103 Ryerson Cir	0.18mi	3/1.0	1,116 (+9%)	6mo	$179,900	$161	71
2725 Yarnall Rd	0.60mi	3/1.0	1,024 (0%)	5mo	$210,000	$205	68
2754 Yarnall Rd	0.66mi	3/1.0	1,024 (0%)	7mo	$265,000	$259	63
4432 Annapolis Rd	0.70mi	3/1.5	1,024 (0%)	6mo	$228,000	$223	61
2773 Yarnall Rd	0.69mi	3/1.0	1,101 (+8%)	3mo	$229,500	$208	53

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 · 1.17% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.57×
• Total profit: $-21,199
• Equity at exit: $26,093

10-year hold

• IRR: -6.2%
• Equity multiple: 0.63×
• Total profit: $-17,892
• Equity at exit: $15,131

Cash invested: $49,000 (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 21227

• Rents YoY: 1.2%
• Active inventory: 100
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,837 high
• Mortgage (P&I): −$918
• Tax from tax record: −$297 /mo · $3,563/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $163

Break-even live

Break-even rent $1,630

Max offer price $175,000

Occupancy floor 86%

Sensitivity live

Price	-10% $262	-5% $213	+0% $163	+5% $114	+10% $64
Rent	-10% $18	-5% $91	+0% $163	+5% $236	+10% $308
Rate	-1.0pp $251	-0.5pp $208	base $163	+0.5pp $118	+1.0pp $72

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3111 Bero Rd Halethorpe, MD	3.0	2.0	1024	$1,750	$1.71	45d	1	0.14mi
902 Catawba Ct Halethorpe, MD	3.0	1.0	906	$1,495	$1.65	24d	1	0.20mi
3167 Ryerson Cir Halethorpe, MD	3.0	1.5	1116	$1,995	$1.79	7d	1	0.25mi
3269 Ryerson Cir Halethorpe, MD	3.0	2.0	1303	$1,700	$1.30	12d	1	0.32mi
4369 Hollins Ferry Rd Halethorpe, MD	3.0	1.0	1152	$1,900	$1.65	45d	1	0.40mi
3953 McDowell Ln Halethorpe, MD	2.0–3.0	1.0	785	$1,874	$2.39	0d	12	0.45mi
2715 Hammonds Ferry Rd Halethorpe, MD	2.0	1.0	992	$1,500	$1.51	45d	1	0.75mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	45d	1	1.09mi
3010 Alabama Ave Halethorpe, MD	2.0	1.0	900	$2,200	$2.44	20d	1	1.10mi
2600 W Patapsco Ave Baltimore, MD	1.0–2.0	1.0	856	$1,312	$1.53	0d	25	1.13mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	26d	1	1.27mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	6d	1	1.28mi

Listing history 31 events

1. 2026-06-21
   days on market $175,000 Active 34 DOM
2. 2026-06-18
   days on market $175,000 Active 31 DOM
3. 2026-06-17
   days on market $175,000 Active 30 DOM
4. 2026-06-16
   days on market $175,000 Active 29 DOM
5. 2026-06-15
   days on market $175,000 Active 28 DOM
6. 2026-06-13
   remarks 405-char remark
7. 2026-06-13
   statusdays on market $175,000 Active 26 DOM
8. 2026-06-07
   statusdays on market $175,000 Pending 24 DOM
9. 2026-06-04
   days on market $175,000 Active 23 DOM
10. 2026-06-03
    days on market $175,000 Active 22 DOM
11. 2026-06-02
    days on market $175,000 Active 21 DOM
12. 2026-06-01
    days on market $175,000 Active 20 DOM
13. 2026-05-31
    days on market $175,000 Active 19 DOM
14. 2026-05-12
    listed $175,000 Active 386-char remark
15. 2026-05-02
    historical $175,000 386-char remark
16. 2022-08-23
    soldstatus $153,000 Closed
17. 2022-07-28
    status Pending
18. 2022-07-21
    listed $150,000 Active
19. 2018-11-26
    soldstatus $114,900
20. 2018-11-09
    soldstatus $114,900 Closed

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

21. 2018-10-11
    status Pending

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

22. 2018-09-24
    price $114,900

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

23. 2018-09-11
    price $119,900

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

24. 2018-08-23
    status Active

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

25. 2018-07-17
    status Pending

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

26. 2018-07-13
    listed $124,900 Active

    Show marketing remark (253 chars)

    BACK ON MARKET! This recently updated end unit home features a larger lot! Updated Kitchen with tile floor, new counter, and tile backsplash. New laminate floors through out, fresh paint, central air and updated bathroom. This one should not last long!

27. 2005-02-01
    soldstatus $79,900
28. 2005-01-31
    soldstatus $79,900
29. 2004-12-05
    historical
30. 2004-11-19
    listed $75,000
31. 1990-05-08
    soldstatus $69,900

ⓘ 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: $3,563 · $297/mo
• Projected year-2 tax: $3,563 · $297/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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,039
• − Mortgage interest: −$9,803
• − Property taxes: −$3,563
• − Insurance: −$875
• − Repairs & maintenance: −$1,763
• − Management: −$1,763
• − Depreciation: −$5,091
• Taxable loss: −$819
• Est. tax savings @ 24.0%: +$197
• After-tax cash flow: $2,157/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 — Lansdowne

• Score: 66/100
• State rank: #235
• US rank: #11670

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansdowne, MD
• County: Baltimore County · 769,527 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,907
• Household income: $85,986
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 930.0

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 61% Black 16% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 13% · Canada, Philippines, China
• Languages at home: 83% English-only · Spanish 10% Other Asian/Pacific 2% Other Indo-European 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: ▼ -294.07%
• Current HPI: 281.9628
• Rent YoY: ▲ 1.17%
• 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

+150.4% since first listed

20 events — show timeline

• 2026-06-11 Relisted — BRIGHT MLS
• 2026-06-05 Pending — BRIGHT MLS
• 2026-05-12 Listed $175,000 BRIGHT MLS
• 2026-05-02 Coming Soon $175,000 BRIGHT MLS
• 2022-08-23 Sold (MLS) $153,000 BRIGHT MLS
• 2022-07-28 Pending — BRIGHT MLS
• 2022-07-21 Listed $150,000 BRIGHT MLS
• 2018-11-26 Sold (Public Records) $114,900 Public Records
• 2018-11-09 Sold (MLS) $114,900 BRIGHT MLS
• 2018-10-11 Pending — BRIGHT MLS
• 2018-09-24 Price Changed $114,900 BRIGHT MLS
• 2018-09-11 Price Changed $119,900 BRIGHT MLS
• 2018-08-23 Relisted — BRIGHT MLS
• 2018-07-17 Pending — BRIGHT MLS
• 2018-07-13 Listed $124,900 BRIGHT MLS
• 2005-02-01 Sold (Public Records) $79,900 Public Records
• 2005-01-31 Sold (MLS) $79,900 MRIS
• 2004-12-05 Delisted — MRIS
• 2004-11-19 Listed $75,000 MRIS
• 1990-05-08 Sold (Public Records) $69,900 Public Records

Property tax history

+6.2%/yr

Latest (2025): $3,563 · +24.3% YoY. Source: county tax records.