7450 Manchester Rd · Dundalk, MD 21222

$172,500

3 bd · 1.0 ba · 1,024 sqft · Townhouse public records · 30 Days on market

Built 1953 1,760 sqft lot $168/sqft · 5% below area Est $182k · 5% under

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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 +9.9/15.0
• DSCR +8.3/10.0
• 1% rule +6.7/10.0
• 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

SELLER IS MOTIVATED- BRING ALL OFFERS! Great 3-bedroom, 1-bath brick townhome priced to sell! Hardwood floors throughout the main and upper levels, along with an updated full bath. Lovingly maintained by long-term tenants for the past 10 years, this home is now ready for its next chapter — whether as your new home or a great addition to your investment portfolio. The property has been freshly painted following tenant move-out. Seller replaced the kitchen countertop and installed a new front screen door. Major updates include a 3-year-old rubber roof, replaced sewer line, and most windows already updated. The unfinished basement offers excellent potential for additional rooms, storage

Key facts

• Built 1953
• Listed 30 days

Property features AI

Exterior

• Parking: On-street parking; Alley access
• Utilities: Public water; Public sewer; Cable TV available
• Home design: Interior townhouse / rowhouse; Fee simple ownership; Good to average condition; Rubber roof
• Construction: Brick construction; Block foundation; Built (year per assessor)
• Exterior features: Porch(es); Awning(s); Rear fencing; Cleared lot

Interior

• Kitchen: Gas oven/range; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Flooring: Hardwood; Concrete
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (Natural Gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Traditional floor plan with formal separate dining room; Galley kitchen; Tub/shower; Window treatments; Wood floors; Storm door(s)
• Laundry & utility: Washer; Dryer; Unfinished walkout basement with sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $172k.

Deal economics

• At list price, monthly cash flow is $392 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $172k).
• Recommended offer: $170k (1.5% 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 soft (-0.1%/yr); 236 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 38% 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

• It's been on market 30 days — a 2% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y ago; this cycle's ask has dropped $12k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $84k; list at $172k implies a 107% gain — meaningful room to come down on a strong offer.

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 $169,912 (1.5% below list)

Questions for the listing agent

1. Built in 1953 — 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: 1.17% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.75%
• DSCR: 1.43
• GRM: 7.1

CMA / ARV

• ARV (median comp): $182,083
• List price: $172,500
• Delta: -5.26%
• 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
7475 Rabon Ave	0.15mi	3/1.5	1,024 (0%)	4mo	$170,000	$166	88
7526 Rabon Ave	0.12mi	3/1.0	1,024 (0%)	16mo	$165,000	$161	80
849 Loalan Ave	0.22mi	3/1.5	1,024 (0%)	12mo	$185,000	$181	77
803 Mildred Ave	0.19mi	3/1.5	1,024 (0%)	17mo	$167,000	$163	75
857 Mildred Ave	0.25mi	3/2.0	1,024 (0%)	13mo	$240,000	$234	74
7552 Rabon Ave	0.15mi	3/1.5	1,144 (+12%)	2mo	$132,000	$115	70
805 Mildred Ave	0.19mi	3/1.5	1,144 (+12%)	1mo	$235,000	$205	69
756 Fulbrook Rd	0.24mi	3/1.5	1,056 (+3%)	19mo	$225,000	$213	66
815 Jeannette Ave	0.20mi	3/1.5	1,124 (+10%)	10mo	$225,000	$200	65
640 Aldworth Rd	0.12mi	3/2.0	1,144 (+12%)	9mo	$150,000	$131	63
7310 Kirtley Rd	0.07mi	3/1.5	1,144 (+12%)	16mo	$185,000	$162	62
815 Mildred	0.19mi	3/1.5	1,144 (+12%)	12mo	$170,000	$149	60

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: -5.1%
• Equity multiple: 0.82×
• Total profit: $-8,841
• Equity at exit: $25,720

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $1,761
• Equity at exit: $14,915

Cash invested: $48,300 (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: 7.1×

Monthly cashflow live

• Estimated rent: $2,020 high
• Mortgage (P&I): −$905
• Tax from tax record: −$227 /mo · $2,720/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $392

Break-even live

Break-even rent $1,523

Max offer price $172,500

Occupancy floor 76%

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: $43,125
• Closing costs: $5,175
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	43d	1	0.06mi
7484 Rabon Ave Dundalk, MD	3.0	1.5	1499	$2,000	$1.33	43d	1	0.12mi
7444 Berkshire Rd Baltimore, MD	3.0	1.5	1228	$1,850	$1.51	5d	1	0.12mi
849 Loalan Ave Dundalk, MD	3.0	1.5	1024	$1,850	$1.81	14d	1	0.22mi
944 Dalton Ave Baltimore, MD	3.0	2.0	1024	$2,100	$2.05	11d	1	0.28mi
932 Elton Ave Baltimore, MD	3.0	2.0	1024	$1,950	$1.90	18d	1	0.31mi
901 Elton Ave Baltimore, MD	4.0	2.0	1056	$2,800	$2.65	43d	1	0.37mi
7517 Belmont Ave Baltimore, MD	2.0	1.0	720	$1,800	$2.50	18d	1	0.40mi
608 Northpoint Rd Baltimore, MD	3.0	1.5	1148	$1,895	$1.65	24d	1	0.60mi
7508 Ives Ln Dundalk, MD	2.0	1.0	896	$1,750	$1.95	43d	1	0.71mi
505 Northpoint Rd Baltimore, MD	3.0	2.0	1300	$2,195	$1.69	11d	1	0.72mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	43d	1	0.79mi
1533 Leslie Rd Dundalk, MD	4.0	1.0	1270	$2,000	$1.57	43d	1	0.84mi
630 47th St Unit B Baltimore, MD	2.0	1.0	750	$1,200	$1.60	43d	1	0.87mi
628 47th St Apt RW2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	11d	1	0.88mi
8036 Lansdale Rd Unit 1 Baltimore, MD	3.0	1.0	1024	$1,775	$1.73	5d	1	0.90mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	24d	1	0.91mi
309 52nd St Unit A Baltimore, MD	2.0	1.0	722	$1,350	$1.87	24d	1	0.93mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,750	$1.23	24d	1	0.94mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	43d	1	0.94mi
7325 Conley St Baltimore, MD	3.0	2.0	1290	$1,950	$1.51	18d	1	0.95mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	18d	1	0.95mi
7716 Wynbrook Rd Baltimore, MD	2.0	1.0	1232	$1,800	$1.46	43d	1	0.97mi
7219 Conley St Baltimore, MD	4.0	1.5	1440	$1,950	$1.35	14d	1	0.99mi
7915 Eastdale Rd Baltimore, MD	2.0	1.0	896	$1,500	$1.67	43d	1	1.00mi
7 Robinson Ave Dundalk, MD	3.0	2.0	1100	$2,600	$2.36	43d	1	1.00mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	3d	1	1.01mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	24d	1	1.01mi
414 Westfield Rd Dundalk, MD	3.0	1.0	1024	$2,300	$2.25	43d	1	1.02mi
7948 Eastdale Rd Baltimore, MD	3.0	1.0	1024	$1,700	$1.66	43d	1	1.04mi
7951 E Baltimore St Baltimore, MD	3.0	1.0	1024	$1,750	$1.71	2d	1	1.06mi
7136 Eastbrook Ave Baltimore, MD	4.0	2.0	996	$2,200	$2.21	5d	1	1.11mi
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	22d	1	1.12mi
7058 Eastbrook Ave Baltimore, MD	3.0	2.0	1228	$1,700	$1.38	11d	1	1.14mi
6905 Bank St Baltimore, MD	2.0	1.5	784	$1,650	$2.10	43d	1	1.15mi
6802 Conley St Baltimore, MD	2.0	1.5	939	$1,750	$1.86	22d	1	1.22mi
6722 Brentwood Ave Unit 2FL Dundalk, MD	3.0	1.0	900	$1,750	$1.94	43d	1	1.22mi
3000 Wallford Dr Dundalk, MD	1.0–2.0	1.0	717	$1,330	$1.85	2d	35	1.23mi
6710 Hudson St Baltimore, MD	4.0	4.0	1156	$3,500	$3.03	24d	1	1.28mi
3221 Wallford Dr Unit 3221 Dundalk, MD	3.0	1.0	1008	$1,750	$1.74	5d	1	1.45mi

Listing history 15 events

1. 2026-06-08
   status $172,500 Pending 30 DOM
2. 2026-06-07
   days on market $172,500 Active 30 DOM
3. 2026-06-04
   pricedays on market $172,500 Active 27 DOM
4. 2026-06-03
   days on market $184,900 Active 26 DOM
5. 2026-06-01
   days on market $184,900 Active 25 DOM
6. 2026-05-31
   days on market $184,900 Active 24 DOM
7. 2026-05-07
   listed $184,900 Active 793-char remark
8. 2011-12-02
   historical Withdrawn
9. 2011-12-02
   historical
10. 2011-10-19
    listed Active
11. 2011-10-19
    listed $126,207
12. 2003-11-19
    soldstatus $83,500
13. 2003-09-03
    soldstatus $83,500
14. 2003-08-13
    historical
15. 2003-08-10
    listed $86,500

ⓘ 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: $2,720 · $227/mo
• Projected year-2 tax: $2,720 · $227/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $24,236
• − Mortgage interest: −$9,663
• − Property taxes: −$2,720
• − Insurance: −$862
• − Repairs & maintenance: −$1,939
• − Management: −$1,939
• − Depreciation: −$5,018
• Taxable income: $2,095
• Est. tax owed @ 24.0%: −$503
• After-tax cash flow: $4,206/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

+99.4% since first listed

13 events — show timeline

• 2026-06-07 Pending — BRIGHT MLS
• 2026-06-03 Price Changed $172,500 BRIGHT MLS
• 2026-06-02 Relisted — BRIGHT MLS
• 2026-06-01 Listing Removed — BRIGHT MLS
• 2026-05-07 Listed $184,900 BRIGHT MLS
• 2011-12-02 Delisted — MRIS
• 2011-12-02 Listing Removed — BRIGHT MLS
• 2011-10-19 Listed — MRIS
• 2011-10-19 Listed $126,207 BRIGHT MLS
• 2003-11-19 Sold (Public Records) $83,500 Public Records
• 2003-09-03 Sold (MLS) $83,500 MRIS
• 2003-08-13 Delisted — MRIS
• 2003-08-10 Listed $86,500 MRIS

Property tax history

+3.0%/yr

Latest (2025): $2,720 · +9.4% YoY. Source: county tax records.