814 Windstream Way Unit B · Edgewood, MD 21040

$114,900

3 bd · 1.5 ba · 1,260 sqft · Townhouse public records · 2 Days on market

Built 1973 Est $228k · 50% under $210/mo HOA · 11% of rent

---

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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Previous sale did not go through. Here’s your chance to own your very own home or can be purchased as a package deal.

Key facts

• Functional layout
• $210 HOA
• Garage

Tags

• PRIVATE ATTACHED GARAGE
• CENTRAL AIR CONDITIONING
• ABUNDANT NATURAL LIGHT
• FUNCTIONAL LAYOUT

Property features AI

Finance

• HOA & community: Monthly HOA fee of $210

Exterior

• Parking: Front-entry attached garage (1 car)
• Utilities: Public water; Public sewer; Hot water supplied by natural gas; Electric heating; Central A/C with natural gas cooling fuel
• Home design: Condominium ownership; Semi-detached structure
• Construction: Vinyl siding; Slab foundation; Above-grade and below-grade structures noted
• Exterior features: No tidal water

Interior

• Kitchen: Electric oven/range; Refrigerator; Pantry (kitchen storage)
• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Electric baseboard heating; Central air conditioning (natural gas cooling fuel noted)
• Interior features: Open floor plan with combination dining and living area; Pantry; Sliding glass door; Tub/shower; Carpeted areas

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $115k.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 11.9% vs local median 5.5% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D, amenities D, crime F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.9%/yr); 94 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 25y 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.
• Current owner paid $98k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $114,900

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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. 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: 1.61% ✓
• Cap rate: 11.90%
• Cash-on-cash: 20.02%
• DSCR: 1.89
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $228,060
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1415 St Christopher Ct	0.19mi	3/1.5	1,224 (-3%)	1mo	$230,000	$188	86
982 Topview Dr	0.20mi	3/1.5	1,278 (+1%)	3mo	$205,000	$160	85
1421 Saint Michael Ct	0.23mi	3/2.0	1,224 (-3%)	2mo	$250,000	$204	81
1860 Eloise Ln	0.49mi	3/1.5	1,240 (-2%)	0mo	$185,000	$149	74
803 Angel Valley Ct	0.31mi	2/2.0 (-1)	1,325 (+5%)	0mo	$223,000	$168	70
620 Yorkshire Dr	0.40mi	3/3.0	1,240 (-2%)	4mo	$240,000	$194	69
1471 Charlestown Dr	0.57mi	3/2.0	1,240 (-2%)	2mo	$225,000	$181	67
1407 Harford Square Dr	0.37mi	3/1.5	1,386 (+10%)	1mo	$224,000	$162	65
1443 Charlestown Dr	0.56mi	3/2.0	1,240 (-2%)	6mo	$235,000	$190	64
844 Angel Valley Ct	0.37mi	3/1.5	1,120 (-11%)	3mo	$240,000	$214	62
1875 Brookside Dr	0.57mi	4/1.5 (+1)	1,240 (-2%)	5mo	$214,900	$173	61
1770 Judy Way	0.51mi	4/1.5 (+1)	1,360 (+8%)	2mo	$215,000	$158	56

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 14.6%
• Equity multiple: 1.60×
• Total profit: $19,324
• Equity at exit: $17,132

10-year hold

• IRR: 24.9%
• Equity multiple: 3.39×
• Total profit: $76,862
• Equity at exit: $9,934

Cash invested: $32,172 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 94
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,853 high
• Mortgage (P&I): −$603
• Tax from tax record: −$67 /mo · $803/yr
• Insurance: −$48
• HOA: −$210
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $537

Break-even live

Break-even rent $1,174

Max offer price $114,900

Occupancy floor 66%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
807 Windstream Way Unit 807-C Edgewood, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.04mi
805 Windstream Way Unit 805B Edgewood, MD	3.0	1.5	1260	$1,450	$1.15	22d	1	0.04mi
719 Woodbridge Center Way Edgewood, MD	4.0	2.0	994	$2,700	$2.72	18d	1	0.16mi
807 W Spring Meadow Ct Edgewood, MD	3.0	1.5	1400	$1,850	$1.32	44d	1	0.18mi
1501 Saint Christopher Ct Edgewood, MD	4.0	2.0	1224	$2,200	$1.80	13d	1	0.21mi
1703 Fountain Rock Way Unit 1703-B Edgewood, MD	2.0	1.0	882	$1,250	$1.42	24d	1	0.21mi
962 Topview Dr Edgewood, MD	3.0	1.5	1278	$1,700	$1.33	3d	1	0.23mi
700 Saint Peters Ct Edgewood, MD	3.0	1.5	1524	$1,100	$0.72	18d	1	0.25mi
802 Kingston Ct Edgewood, MD	1.0–3.0	1.0–1.5	1007	$1,883	$1.87	2d	15	0.27mi
905 Swallow Crest Ct Unit E Edgewood, MD	2.0	1.0	990	$1,495	$1.51	44d	1	0.32mi
1772 Judy Way Edgewood, MD	3.0	1.5	1040	$2,195	$2.11	44d	1	0.50mi
1523 Charlestown Dr Edgewood, MD	3.0	1.5	1240	$1,595	$1.29	44d	1	0.58mi
1857 Simons Ct Edgewood, MD	3.0	1.5	1240	$1,700	$1.37	44d	1	0.60mi
705 Bayberry Rd Edgewood, MD	3.0	1.5	1657	$2,600	$1.57	18d	1	0.74mi
2120 Cedar Dr Apt F Edgewood, MD	3.0	1.5	1000	$1,295	$1.29	44d	1	1.36mi
2033 Armstrong St Edgewood, MD	1.0–4.0	1.0–2.0	1000	$1,766	$1.77	2d	6	1.41mi
820 Wingsail Ct Joppa, MD	3.0	2.5	1675	$2,000	$1.19	44d	1	1.47mi

HOA detail

• Monthly dues: $210 · $2,520/yr

Listing history 3 events

1. 2026-06-18
   days on market $114,900 Active 2 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $114,900 Active 1 DOM

ⓘ 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: $803 · $67/mo
• Projected year-2 tax: $1,028 · $86/mo
• Expected delta: +$225/yr (+$19/mo · 28.0%)

ⓘ 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 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,239
• − Mortgage interest: −$6,436
• − Property taxes: −$803
• − Insurance: −$574
• − Repairs & maintenance: −$1,779
• − Management: −$1,779
• − HOA: −$2,520
• − Depreciation: −$3,343
• Taxable income: $5,004
• Est. tax owed @ 24.0%: −$1,201
• After-tax cash flow: $5,240/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: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

Livability — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 198,512 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 859.0

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• 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

+139.9% since first listed

20 events — show timeline

• 2026-06-16 Listed $114,900 BRIGHT MLS
• 2023-10-11 Sold (Public Records) $98,000 Public Records
• 2023-10-02 Sold (MLS) $98,000 BRIGHT MLS
• 2023-09-06 Contingent — BRIGHT MLS
• 2023-08-31 Relisted — BRIGHT MLS
• 2023-08-30 Listing Removed — BRIGHT MLS
• 2023-08-21 Relisted — BRIGHT MLS
• 2023-07-05 Pending — BRIGHT MLS
• 2023-06-29 Listing Removed — BRIGHT MLS
• 2023-06-29 Listing Removed — BRIGHT MLS
• 2023-06-23 Listed $98,000 BRIGHT MLS
• 2022-02-08 Pending — BRIGHT MLS
• 2022-01-17 Pending — BRIGHT MLS
• 2021-12-09 Pending — BRIGHT MLS
• 2021-12-09 Listing Removed — BRIGHT MLS
• 2021-12-08 Listed $80,000 BRIGHT MLS
• 2001-12-10 Delisted — MRIS
• 2001-07-16 Listed — MRIS
• 1988-05-10 Sold (Public Records) $47,900 Public Records
• 1988-05-10 Sold (Public Records) $47,900 Public Records

Property tax history

+0.9%/yr

Latest (2025): $803 · +28.5% YoY. Source: county tax records.