2008 Holborn Rd · Dundalk, MD 21222

$160,000

3 bd · 1.0 ba · 1,008 sqft · Townhouse public records · 3 Days on market

Built 1955 1,800 sqft lot Est $206k · 22% under

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Why this score? — see what drove the B 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 +27.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +7.5/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

INVESTOR SPECIAL WITH STRONG RENOVATION POTENTIAL!Three-bedroom, one-bath home featuring hardwood floors, a partially finished basement, and an off-street parking pad. The roof has already been replaced. Property is being sold strictly as-is. Great opportunity for investors or ambitious buyers to renovate and add value. Convenient location near shopping, restaurants, schools, and transportation.

Key facts

• Built 1955
• Listed 3 days

Property features AI

Finance

• Other: Fee simple ownership; Not in a federal flood zone; Basement with connecting stairway

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Interior townhouse / rowhouse; Finished above-grade living area (per assessor); Below-grade area present
• Construction: Brick construction; Block foundation
• Exterior features: Awnings; Rear fencing

Interior

• Kitchen: Combined kitchen and dining area
• Bedrooms: Three bedrooms on the upper level
• Flooring: Wood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Attic; Tub with shower; Combination kitchen and dining area; Wood floors throughout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 10.0% 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 soft (-0.1%/yr); 236 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 37% 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 $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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $38k; list at $160k implies a 327% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 60% 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 $160,000

Questions for the listing agent

1. Built in 1955 — 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. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.22%
• DSCR: 1.59
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $205,632
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1953 Stanhope Rd	0.16mi	3/1.0	1,008 (0%)	12mo	$170,000	$169	83
2328 Searles Rd	0.30mi	3/1.5	1,016 (+1%)	10mo	$220,000	$217	75
1942 Denbury Dr	0.12mi	2/1.0 (-1)	1,078 (+7%)	12mo	$170,000	$158	68
1903 Ormand Rd	0.19mi	2/1.5 (-1)	896 (-11%)	0mo	$160,000	$179	65
1944 Holborn Rd	0.11mi	2/1.0 (-1)	1,146 (+14%)	12mo	$234,000	$204	57
1922 Codd Ave	0.70mi	3/1.0	1,024 (+2%)	10mo	$177,800	$174	57
7928 Kavanagh Rd	0.68mi	4/2.0 (+1)	1,024 (+2%)	3mo	$256,000	$250	54
7829 Scholar Rd	0.43mi	3/2.0	1,152 (+14%)	2mo	$252,500	$219	51
7509 School Ave	0.67mi	2/2.0 (-1)	1,016 (+1%)	12mo	$210,000	$207	48
1946 Eastfield Rd	0.59mi	3/1.5	1,106 (+10%)	11mo	$202,500	$183	46
2634 Yorkway	0.66mi	3/2.0	1,104 (+10%)	11mo	$229,000	$207	40
1927 Codd Ave	0.71mi	3/1.0	1,144 (+14%)	8mo	$190,000	$166	38

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: -0.2%
• Equity multiple: 0.99×
• Total profit: $-313
• Equity at exit: $23,857

10-year hold

• IRR: 6.1%
• Equity multiple: 1.40×
• Total profit: $17,701
• Equity at exit: $13,834

Cash invested: $44,800 (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: 236
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,993 high
• Mortgage (P&I): −$839
• Tax from tax record: −$175 /mo · $2,099/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $494

Break-even live

Break-even rent $1,368

Max offer price $160,000

Occupancy floor 70%

Sensitivity live

Price	-10% $584	-5% $539	+0% $494	+5% $448	+10% $403
Rent	-10% $336	-5% $415	+0% $494	+5% $572	+10% $651
Rate	-1.0pp $574	-0.5pp $534	base $494	+0.5pp $452	+1.0pp $410

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1915 Merritt Blvd Dundalk, MD	3.0	2.0	1208	$2,500	$2.07	44d	1	0.22mi
7901 Stratman Rd Dundalk, MD	3.0	1.0	890	$1,647	$1.85	3d	1	0.50mi
2976 Cornwall Rd Unit 1 Dundalk, MD	2.0	1.0	900	$1,590	$1.77	15d	1	0.56mi
2959 Liberty Pkwy Dundalk, MD	3.0	2.0	1479	$2,150	$1.45	44d	1	0.58mi
2020 Dineen Dr Dundalk, MD	3.0	1.5	1258	$1,850	$1.47	5d	1	0.65mi
7930 Kavanagh Rd Dundalk, MD	3.0	1.0	1024	$2,195	$2.14	44d	1	0.68mi
2624 Liberty Pkwy Dundalk, MD	3.0	1.5	1110	$1,856	$1.67	44d	1	0.69mi
7003 Dunmanway Dundalk, MD	1.0–2.0	1.0	772	$1,345	$1.74	2d	13	0.71mi
7962 Kavanagh Rd Dundalk, MD	3.0	2.0	1024	$1,947	$1.90	15d	1	0.72mi
7917 Wise Ave Dundalk, MD	2.0	1.5	1500	$2,500	$1.67	24d	1	0.76mi
7718 Meath Rd Dundalk, MD	3.0	2.0	864	$2,200	$2.55	44d	1	0.76mi
12 Leeway Dundalk, MD	3.0	1.0	1358	$1,750	$1.29	44d	1	0.78mi
3503 Sollers Point Rd Dundalk, MD	3.0	1.0	776	$1,850	$2.38	13d	1	0.81mi
1930 Frames Rd Dundalk, MD	3.0	2.0	1152	$2,099	$1.82	5d	1	0.82mi
3413 Yardley Dr Dundalk, MD	4.0	2.0	1185	$2,400	$2.03	44d	1	0.86mi
3443 Dunhaven Rd Dundalk, MD	2.0	2.0	1016	$1,900	$1.87	5d	1	0.90mi
3481 McShane Way Dundalk, MD	2.0	1.5	896	$2,150	$2.40	44d	1	0.92mi
2032 Kelmore Rd Dundalk, MD	3.0	1.0	1024	$1,700	$1.66	44d	1	0.93mi
2025 Kelmore Rd Unit 1 Dundalk, MD	3.0	1.0	1024	$2,000	$1.95	44d	1	0.96mi
1925 Jasmine Rd Dundalk, MD	3.0	1.5	1024	$1,825	$1.78	11d	1	0.96mi
7508 Ives Ln Dundalk, MD	2.0	1.0	896	$1,750	$1.95	44d	1	0.97mi
2004 Larkhall Rd Dundalk, MD	3.0	1.0	1024	$1,500	$1.46	44d	1	0.99mi
414 Westfield Rd Dundalk, MD	3.0	1.0	1024	$2,300	$2.25	44d	1	0.99mi
8220 Cornwall Rd Dundalk, MD	3.0	2.0	1125	$1,775	$1.58	44d	1	1.08mi
108 Chestnut St Dundalk, MD	2.0	1.0	812	$1,300	$1.60	17d	1	1.13mi
8499 Lynch Rd Dundalk, MD	1.0–3.0	1.0–2.0	950	$2,202	$2.32	2d	32	1.14mi
8252 Longpoint Rd Dundalk, MD	4.0	2.0	1216	$1,950	$1.60	4d	1	1.15mi
8252 Longpoint Rd Dundalk, MD	4.0	2.0	1216	$2,050	$1.69	17d	1	1.15mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	44d	1	1.18mi
8146 Del Haven Rd Dundalk, MD	3.0	2.0	1424	$2,700	$1.90	17d	1	1.20mi
266 Saint Helena Ave Dundalk, MD	3.0	1.0	1305	$1,900	$1.46	13d	1	1.24mi
2125 Cameron Dr Dundalk, MD	1.0–2.0	1.0	697	$1,350	$1.94	44d	9	1.28mi
6545 Baltimore Ave Dundalk, MD	2.0	1.0	852	$1,500	$1.76	44d	1	1.28mi
6552 Parnell Ave Dundalk, MD	2.0	1.5	885	$1,500	$1.69	18d	1	1.30mi
6537 Baltimore Ave Baltimore, MD	3.0	1.0	1272	$1,700	$1.34	2d	1	1.31mi
1610 Melbourne Rd Dundalk, MD	1.0–2.0	1.0	664	$1,240	$1.87	13d	1	1.31mi
217 Center St Dundalk, MD	3.0	1.5	1280	$1,575	$1.23	5d	1	1.33mi
214 Center St Dundalk, MD	3.0	1.5	992	$1,795	$1.81	11d	1	1.35mi
11 Seabright Ave Dundalk, MD	3.0	1.0	948	$1,874	$1.98	15d	1	1.37mi
511 Avondale Rd Dundalk, MD	2.0–4.0	1.0–2.0	1146	$1,735	$1.51	2d	69	1.40mi

Listing history 5 events

1. 2026-06-02
   status $160,000 Pending 3 DOM
2. 2026-05-27
   status Active
3. 2026-03-23
   listed $160,000
4. 2026-03-23
   historical
5. 1979-11-08
   soldstatus $37,500

ⓘ 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: $2,099 · $175/mo
• Projected year-2 tax: $2,099 · $175/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 60% 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: $23,913
• − Mortgage interest: −$8,962
• − Property taxes: −$2,099
• − Insurance: −$800
• − Repairs & maintenance: −$1,913
• − Management: −$1,913
• − Depreciation: −$4,655
• Taxable income: $3,571
• Est. tax owed @ 24.0%: −$857
• After-tax cash flow: $5,066/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

+326.7% since first listed

4 events — show timeline

• 2026-05-27 Relisted — BRIGHT MLS
• 2026-03-23 Listing Removed — BRIGHT MLS
• 2026-03-23 Listed $160,000 BRIGHT MLS
• 1979-11-08 Sold (Public Records) $37,500 Public Records

Property tax history

+2.9%/yr

Latest (2025): $2,099 · -10.1% YoY. Source: county tax records.