1833 Trenleigh Rd · Parkville, MD 21234

$185,000

2 bd · 1.5 ba · 1,409 sqft · Townhouse public records · 7 Days on market

Built 1956 3,498 sqft lot Est $241k · 23% 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 +24.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.3/10.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming end-unit townhome offering space, comfort, and value! Featuring hardwood flooring and a separate dining room, this home provides a warm and inviting layout perfect for everyday living and entertaining. The kitchen opens to a large rear deck, ideal for summer barbecues and relaxing outdoors. The finished basement adds valuable living space and endless possibilities for a recreation room, home office, or guest area. Outside, enjoy the spacious yard, oversized storage shed, and convenient rear parking pad. Whether you're a first-time homebuyer looking to build equity or a savvy investor seeking a great addition to your portfolio, this property is packed with potential

Key facts

• Hardwood flooring
• Spacious yard
• Separate dining room

Tags

• END-UNIT TOWNHOME
• HARDWOOD FLOORING
• SEPARATE DINING ROOM
• LARGE REAR DECK
• FINISHED BASEMENT
• SPACIOUS YARD

Property features AI

Finance

• Other: Total assessed tax information recorded (details available from assessor)

Exterior

• Parking: Driveway parking
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: End of row townhouse; Fee simple ownership; Year built and detailed source recorded by assessor
• Construction: Brick construction; Other type foundation
• Exterior features: Sidewalks; Total below-grade area approximately 592 (finished and unfinished areas present); Unfinished below-grade area approximately 367; Finished below-grade area approximately 225; Above-grade finished area approximately 1,184

Interior

• Bedrooms: 2 bedrooms on the first upper level
• Flooring: Hardwood
• Bathrooms: One full bathroom; One half bathroom on a lower level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric)
• Interior features: Hardwood flooring; Partially finished, improved basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Cap rate 8.8% vs local median 5.3% in Parkville — 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 77/100 on livability (#77 in MD, #2,839 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools F, 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 rising fast (+6.7%/yr); 225 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 30% of the median local income ($84k/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 $6k 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.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $52k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

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→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,000

Questions for the listing agent

1. Built in 1956 — 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 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?
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: 1.13% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.96%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $240,939
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8619 Oak Rd	0.18mi	3/1.5 (+1)	1,408 (-0%)	5mo	$225,000	$160	82
1770 Weston Ave	0.45mi	3/1.5 (+1)	1,396 (-1%)	2mo	$239,000	$171	70
8301 Kendale Rd	0.61mi	3/1.5 (+1)	1,408 (-0%)	1mo	$280,000	$199	66
8559 Morven Rd	0.59mi	2/1.5	1,440 (+2%)	7mo	$245,000	$170	63
8656 Oak Rd	0.18mi	3/2.0 (+1)	1,260 (-11%)	5mo	$242,500	$192	62
2113 Pitney Rd	0.65mi	3/1.5 (+1)	1,440 (+2%)	1mo	$270,000	$188	60
1862 Yakona Rd	0.23mi	3/2.0 (+1)	1,560 (+11%)	5mo	$255,000	$163	60
1712 Red Oak Rd	0.36mi	3/1.5 (+1)	1,534 (+9%)	7mo	$252,000	$164	58
8338 Edgedale Rd	0.60mi	3/1.5 (+1)	1,260 (-11%)	7mo	$257,500	$204	44
1620 Naturo Rd	0.61mi	2/1.0	1,230 (-13%)	6mo	$239,900	$195	43
8425 Kings Ridge Rd	0.73mi	3/1.0 (+1)	1,552 (+10%)	1mo	$260,000	$168	41
8351 Edgedale Rd	0.56mi	3/2.0 (+1)	1,224 (-13%)	7mo	$171,000	$140	39

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: 1.3%
• Equity multiple: 1.05×
• Total profit: $2,735
• Equity at exit: $27,584

10-year hold

• IRR: 14.3%
• Equity multiple: 2.35×
• Total profit: $69,878
• Equity at exit: $15,995

Cash invested: $51,800 (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 21234

• Rents YoY: 6.7%
• Active inventory: 225
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,099 high
• Mortgage (P&I): −$970
• Tax from tax record: −$224 /mo · $2,693/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $387

Break-even live

Break-even rent $1,610

Max offer price $185,000

Occupancy floor 77%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8592 Quentin Ave Parkville, MD	3.0	1.5	1440	$2,100	$1.46	5d	1	0.06mi
8617 Oak Rd Parkville, MD	3.0	1.5	1208	$2,100	$1.74	5d	1	0.20mi
8533 Oak Rd Parkville, MD	3.0	2.0	1480	$2,100	$1.42	43d	1	0.29mi
1714 Pin Oak Rd Parkville, MD	3.0	1.0	1534	$2,800	$1.83	5d	1	0.35mi
8623 Willow Oak Rd Parkville, MD	3.0	2.0	1395	$2,700	$1.94	43d	1	0.35mi
8451 Water Oak Rd Parkville, MD	3.0	2.0	1054	$1,950	$1.85	43d	1	0.36mi
1726 Yakona Rd Unit A Parkville, MD	3.0	1.0	1865	$1,400	$0.75	43d	1	0.40mi
1745 Amuskai Rd Parkville, MD	2.0	2.0	1260	$1,975	$1.57	43d	1	0.44mi
8340 Edgedale Rd Parkville, MD	3.0	2.0	1260	$2,400	$1.90	5d	1	0.63mi
1644 Yakona Rd Towson, MD	3.0	2.0	1600	$2,500	$1.56	18d	1	0.64mi
1717 Northview Rd Parkville, MD	3.0	1.5	1260	$1,980	$1.57	5d	1	0.66mi
8309 Arbor Station Way Parkville, MD	1.0–2.0	1.0–1.5	846	$1,815	$2.15	2d	8	0.74mi
23 Roger Valley Ct Parkville, MD	3.0	3.5	1678	$2,850	$1.70	5d	1	0.76mi
23 Roger Valley Ct Unit 1 Parkville, MD	3.0	4.0	1678	$2,850	$1.70	5d	1	0.76mi
8616 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,490	$1.58	14d	1	0.78mi
8505 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,500	$1.58	18d	1	0.82mi
8417 Nunley Dr Parkville, MD	1.0–3.0	1.0–2.0	812	$1,800	$2.22	24d	1	0.86mi
1621 Thetford Rd Towson, MD	3.0	1.5	1080	$2,350	$2.18	43d	1	0.87mi
8402 Greenway Rd Towson, MD	3.0	1.0	708	$1,452	$2.05	2d	24	0.88mi
2219 Lowells Glen Rd Unit K Parkville, MD	2.0	2.0	1017	$1,650	$1.62	24d	1	0.91mi
1809 Glen Ridge Rd Towson, MD	3.0	1.5	1640	$2,100	$1.28	43d	1	0.97mi
7906 Bon Air Rd Parkville, MD	3.0	1.0	912	$2,200	$2.41	43d	1	1.01mi
8309 Pleasant Plains Rd Towson, MD	3.0	1.0	1350	$3,000	$2.22	43d	1	1.03mi
1929 Edgewood Rd Unit 1929 Towson, MD	3.0	2.0	1700	$2,350	$1.38	11d	1	1.03mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	43d	1	1.06mi
8 Windersal Ln Parkville, MD	3.0	1.5	1520	$2,250	$1.48	43d	1	1.08mi
1274 E Joppa Rd Towson, MD	2.0	1.0–2.0	990	$2,873	$2.90	2d	18	1.11mi
8530 Drumwood Rd #2 Towson, MD	1.0	1.0	1280	$650	$0.51	5d	1	1.12mi
8206 Old Harford Rd Unit 1 Parkville, MD	2.0	1.0	1146	$1,750	$1.53	43d	1	1.16mi
8206 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	43d	1	1.16mi
8204 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	43d	1	1.17mi
7605 Hillendale Rd Parkville, MD	2.0	1.0	1050	$1,255	$1.20	43d	1	1.19mi
1329 Taylor Ave Parkville, MD	2.0	1.0	1636	$1,599	$0.98	43d	1	1.24mi
1376 Halstead Rd Parkville, MD	3.0	1.0	1440	$2,400	$1.67	24d	1	1.25mi
2528 Wendover Rd Unit a Parkville, MD	2.0	2.0	1704	$1,950	$1.14	43d	1	1.27mi
8130 Kirkwall Ct Towson, MD	3.0	1.5	1280	$2,625	$2.05	24d	1	1.27mi
15 Treeway Ct Towson, MD	1.0–3.0	1.0–2.0	1100	$1,925	$1.75	1d	25	1.28mi
1332 Deanwood Rd Parkville, MD	3.0	2.0	1046	$2,500	$2.39	44d	1	1.31mi
931 Beaverbank Cir Towson, MD	3.0	2.0	1725	$2,500	$1.45	43d	1	1.39mi
2800 Linwood Ave Unit D Parkville, MD	1.0	1.0	1148	$1,300	$1.13	43d	1	1.40mi

Listing history 6 events

1. 2026-06-18
   days on market $185,000 Active 7 DOM
2. 2026-06-17
   days on market $185,000 Active 6 DOM
3. 2026-06-16
   days on market $185,000 Active 5 DOM
4. 2026-06-15
   days on market $185,000 Active 4 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $185,000 Active 2 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: $2,693 · $224/mo
• Projected year-2 tax: $2,693 · $224/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,189
• − Mortgage interest: −$10,363
• − Property taxes: −$2,693
• − Insurance: −$925
• − Repairs & maintenance: −$2,015
• − Management: −$2,015
• − Depreciation: −$5,382
• Taxable income: $1,796
• Est. tax owed @ 24.0%: −$431
• After-tax cash flow: $4,209/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 — Parkville

• Score: 77/100
• State rank: #77
• US rank: #2839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkville, MD
• County: Baltimore County · 769,527 people
• City population: 66,334
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

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 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 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: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

1 event — show timeline

• 2026-06-11 Listed $185,000 BRIGHT MLS

Property tax history

+2.9%/yr

Latest (2025): $2,693 · -1.6% YoY. Source: county tax records.