6018 Conover Rd · Taneytown, MD 21787

$149,900

2 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 30 Days on market

Built 1872 0.26 ac lot

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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 +25.5/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Step back in time with this charming 1872 Colonial brimming with character and original features throughout. Offering 2 bedrooms, 1.5 baths, and a 1-car garage, this historic home is ready for its next chapter. In need of a full renovation, the property presents a rare opportunity to create your dream home or restore its timeless beauty to its original glory. Situated on a generous lot and located just minutes from Gettysburg and its shops, dining, history, and attractions, this property is ideal for homeowners, history enthusiasts, or investors seeking a rewarding restoration project. Bring your vision (and checkbook) and unlock the potential of this classic Colonial.

Key facts

• Generous lot
• Original features
• Full renovation

Tags

• 1872 COLONIAL
• ORIGINAL FEATURES
• FULL RENOVATION
• GENEROUS LOT
• MINUTES FROM GETTYSBURG

Property features AI

Finance

• Financial info: Ownership is fee simple; Land and improvement assessed values reported; Tax and assessment years noted

Exterior

• Parking: Driveway; Detached front-entry garage with one garage space
• Utilities: Electric service for heating, cooling, and hot water; Private water; Private septic
• Home design: Detached structure; Above-grade finished living area reported; Other structures include garages
• Construction: Vinyl siding exterior; Block foundation; Building is not winterized; Year built information from assessor
• Exterior features: Private water source; Private septic tank; Municipal trash service not provided; Ground rent paid annually; Not in a federal flood zone; Unfinished below-grade area

Interior

• Bedrooms: Two bedrooms on the upper level
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Electric baseboard heating; Electric cooling fuel; Electric hot water
• Interior features: No basement; Property noted as needing major rehabilitation

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $350 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 1.8% in Taneytown — 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 71/100 on livability (#149 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, employment A-; Watch: schools C-, crime D+, amenities F.
• Carroll County Public Schools (suburban): math 32% / reading 47% proficiency, ranked #2 of 24 in MD (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 55 active listings in the ZIP; 156 units permitted in Carroll County in 2024 (12 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 $4k of value loss. Plan a longer hold.
• Carroll County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1872 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,651 (1.5% below list)

Questions for the listing agent

1. Built in 1872 — 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. Crime grade is D 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?
4. 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.
5. 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.
6. 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: 1.11% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.02%
• DSCR: 1.45
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-1,987
• Equity at exit: $22,351

10-year hold

• IRR: 8.4%
• Equity multiple: 1.64×
• Total profit: $26,938
• Equity at exit: $12,961

Cash invested: $41,972 (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 21787

• Home prices YoY: -34.0%
• Active inventory: 55
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,665 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$116 /mo · $1,396/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $350

Break-even live

Break-even rent $1,221

Max offer price $149,900

Occupancy floor 74%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $149,900 Active 30 DOM
2. 2026-06-17
   days on market $149,900 Active 29 DOM
3. 2026-06-16
   days on market $149,900 Active 28 DOM
4. 2026-06-15
   days on market $149,900 Active 27 DOM
5. 2026-06-13
   days on market $149,900 Active 25 DOM
6. 2026-06-09
   days on market $149,900 Active 21 DOM
7. 2026-06-08
   days on market $149,900 Active 20 DOM
8. 2026-06-07
   days on market $149,900 Active 19 DOM
9. 2026-06-04
   days on market $149,900 Active 16 DOM
10. 2026-06-03
    days on market $149,900 Active 15 DOM
11. 2026-06-02
    days on market $149,900 Active 14 DOM
12. 2026-06-01
    days on market $149,900 Active 13 DOM
13. 2026-05-31
    days on market $149,900 Active 12 DOM
14. 2026-05-19
    listed $149,900 Active

ⓘ 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: $1,396 · $116/mo
• Projected year-2 tax: $1,515 · $126/mo
• Expected delta: +$119/yr (+$10/mo · 8.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,980
• − Mortgage interest: −$8,397
• − Property taxes: −$1,396
• − Insurance: −$750
• − Repairs & maintenance: −$1,598
• − Management: −$1,598
• − Depreciation: −$4,361
• Taxable income: $1,880
• Est. tax owed @ 24.0%: −$451
• After-tax cash flow: $3,754/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: Carroll County Public Schools
• NCES district ID: 2400210
• Math proficiency: 32% ▼ -25.00%
• Reading proficiency: 47% ▼ -16.00%
• Median HH income: $84,594
• Composite: 37.33/100
• National rank: #4441
• State rank: #2 of 24 in MD

Livability — Taneytown

• Score: 71/100
• State rank: #149
• US rank: #6550

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 11,549

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 169,677 people
• By 2030: 169,605 · +-0.0%
• By 2040: 166,205 · -2.0%
• By 2050: 158,312 · -6.7%
• By 2075: 143,013 · -15.7%
• By 2100: 122,431 · -27.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 5% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 1% Slovak 1% Hispanic 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Carroll

• 2024 margin: Strong R (+24.9) · D 36.2% · R 61.2% · Other 2.6%
• 2008→2024 swing: +6.2pp toward D · 2008: -31.2pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+23.7 2016: R+36.9 2012: R+34.0 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.27%
• Current HPI: 257.2289
• Rent YoY: —
• Metro: —
• 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

• 2026-05-19 Listed $149,900 BRIGHT MLS

Property tax history

+1.4%/yr

Latest (2025): $1,396 · +8.1% YoY. Source: county tax records.