1977 Brookside Dr · Edgewood, MD 21040

$195,000

4 bd · 1.5 ba · 1,240 sqft · Townhouse public records · 34 Days on market

Built 1972 1,100 sqft lot $157/sqft · at area comps Est $196k · at est. · waterfront $130/mo HOA · 7% of rent

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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 +19.5/30.0
• ARV discount +7.8/15.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• 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

Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

Key facts

• $130 HOA
• Built 1972
• Listed 33 days

Property features AI

Finance

• HOA & community: Monthly HOA fee of $130; HOA covers: front lawn care, parking fee, snow removal, trash

Exterior

• Parking: Parking lot
• Utilities: Public water; Public sewer; Electric service
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Year built is estimated
• Construction: Other foundation type
• Exterior features: Not in a federal flood zone; Above-grade and below-grade other structures

Interior

• Bedrooms: Three bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Full basement; Multiple access exits (2+)

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $195k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $189k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 5.3% 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; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 $128k; list at $195k implies a 52% gain — meaningful room to come down on a strong offer.

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 $189,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 1.02% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.86%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

• ARV (median comp): $196,211
• List price: $195,000
• Delta: -0.62%
• 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
1875 Brookside Dr	0.13mi	4/1.5	1,240 (0%)	5mo	$214,900	$173	89
1864 Simons Ct	0.16mi	4/1.5	1,240 (0%)	7mo	$205,000	$165	86
1860 Eloise Ln	0.26mi	3/1.5 (-1)	1,240 (0%)	0mo	$185,000	$149	82
1836 Eloise Ln	0.29mi	4/1.5	1,240 (0%)	10mo	$205,000	$165	78
1862 Eloise Ln N	0.26mi	4/2.5	1,240 (0%)	13mo	$175,000	$141	73
1806 Eloise Ln	0.33mi	3/1.5 (-1)	1,240 (0%)	13mo	$189,900	$153	69
1813 Eloise Ln	0.30mi	3/2.0 (-1)	1,240 (0%)	13mo	$213,000	$172	68
1770 Judy Way	0.31mi	4/1.5	1,360 (+10%)	2mo	$215,000	$158	68
982 Topview Dr	0.51mi	3/1.5 (-1)	1,278 (+3%)	3mo	$205,000	$160	63
905 Topview Dr	0.36mi	3/1.5 (-1)	1,152 (-7%)	12mo	$118,000	$102	57
2007 Magnolia Woods Ct Unit G	0.12mi	3/2.0 (-1)	1,100 (-11%)	15mo	$139,500	$127	56
1513 Saint Christopher Ct	0.74mi	3/1.5 (-1)	1,224 (-1%)	7mo	$237,000	$194	53

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: -6.6%
• Equity multiple: 0.75×
• Total profit: $-13,581
• Equity at exit: $29,075

10-year hold

• IRR: 5.3%
• Equity multiple: 1.42×
• Total profit: $23,062
• Equity at exit: $16,860

Cash invested: $54,600 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,980 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$109 /mo · $1,305/yr
• Insurance: −$81
• HOA: −$130
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $221

Break-even live

Break-even rent $1,699

Max offer price $195,000

Occupancy floor 84%

Sensitivity live

Price	-10% $332	-5% $276	+0% $221	+5% $166	+10% $111
Rent	-10% $65	-5% $143	+0% $221	+5% $299	+10% $378
Rate	-1.0pp $319	-0.5pp $271	base $221	+0.5pp $171	+1.0pp $119

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1857 Simons Ct Edgewood, MD	3.0	1.5	1240	$1,700	$1.37	45d	1	0.13mi
1772 Judy Way Edgewood, MD	3.0	1.5	1040	$2,195	$2.11	45d	1	0.29mi
802 Kingston Ct Edgewood, MD	1.0–3.0	1.0–1.5	1007	$1,883	$1.87	0d	16	0.65mi
807 Windstream Way Unit 807-C Edgewood, MD	3.0	1.5	1260	$1,800	$1.43	4d	1	0.66mi
805 Windstream Way Unit 805B Edgewood, MD	3.0	1.5	1260	$1,450	$1.15	23d	1	0.66mi
570 Meadowood Dr Edgewood, MD	3.0	1.5	1080	$1,350	$1.25	0d	1	0.68mi
1501 Saint Christopher Ct Edgewood, MD	4.0	2.0	1224	$2,200	$1.80	13d	1	0.74mi
719 Woodbridge Center Way Edgewood, MD	4.0	2.0	994	$2,700	$2.72	19d	1	0.82mi
807 W Spring Meadow Ct Edgewood, MD	3.0	1.5	1400	$1,850	$1.32	45d	1	0.85mi
2120 Cedar Dr Apt F Edgewood, MD	3.0	1.5	1000	$1,295	$1.29	45d	1	1.03mi
1523 Charlestown Dr Edgewood, MD	3.0	1.5	1240	$1,595	$1.29	45d	1	1.05mi
2033 Armstrong St Edgewood, MD	1.0–4.0	1.0–2.0	1000	$1,974	$1.97	0d	8	1.31mi
1046 Agate Dr Unit 1 Edgewood, MD	4.0	2.5	1440	$2,150	$1.49	19d	1	1.34mi
2842 Beckon Dr Unit 1 Edgewood, MD	4.0	1.5	1296	$2,100	$1.62	45d	1	1.48mi

HOA detail

• Monthly dues: $130 · $1,560/yr

Listing history 22 events

1. 2026-06-21
   days on market $195,000 Active 34 DOM
2. 2026-06-18
   days on market $195,000 Active 31 DOM
3. 2026-06-17
   days on market $195,000 Active 30 DOM
4. 2026-06-16
   days on market $195,000 Active 29 DOM
5. 2026-06-15
   days on market $195,000 Active 28 DOM
6. 2026-06-13
   days on market $195,000 Active 26 DOM
7. 2026-06-09
   days on market $195,000 Active 22 DOM
8. 2026-06-08
   days on market $195,000 Active 21 DOM
9. 2026-06-07
   days on market $195,000 Active 20 DOM
10. 2026-06-04
    days on market $195,000 Active 17 DOM
11. 2026-06-03
    days on market $195,000 Active 16 DOM
12. 2026-06-02
    days on market $195,000 Active 15 DOM
13. 2026-06-01
    days on market $195,000 Active 14 DOM
14. 2026-05-31
    days on market $195,000 Active 13 DOM
15. 2026-05-08
    historical $195,000 1381-char remark
16. 2019-07-17
    soldstatus $128,000
17. 2019-06-24
    soldstatus $128,000 Closed 342-char remark

    Show marketing remark (342 chars)

    Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

18. 2019-05-28
    status Pending 342-char remark

    Show marketing remark (342 chars)

    Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

19. 2019-04-30
    price $129,900 342-char remark

    Show marketing remark (342 chars)

    Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

20. 2019-04-05
    price $134,900 342-char remark

    Show marketing remark (342 chars)

    Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

21. 2019-03-28
    price $137,900 342-char remark

    Show marketing remark (342 chars)

    Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

22. 2019-03-28
    listed $134,900 Active 342-char remark

    Show marketing remark (342 chars)

    Major price reduction! Why rent when you get a home at this price? Mortgage payment less than rent payment. Don't miss out on this beautiful renovated 3 bedrooom home with 1 1/2 baths and partially finished basement. All new windows, sliding door in basement, flooring, kitchen and baths. Private fenced in backyard and gorgeous lake view!!

ⓘ 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: $1,305 · $109/mo
• Projected year-2 tax: $1,715 · $143/mo
• Expected delta: +$410/yr (+$34/mo · 31.5%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 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: $23,755
• − Mortgage interest: −$10,923
• − Property taxes: −$1,305
• − Insurance: −$975
• − Repairs & maintenance: −$1,900
• − Management: −$1,900
• − HOA: −$1,560
• − Depreciation: −$5,673
• Taxable loss: −$482
• Est. tax savings @ 24.0%: +$116
• After-tax cash flow: $2,771/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

+44.6% since first listed

9 events — show timeline

• 2026-05-19 Listed $195,000 BRIGHT MLS
• 2026-05-08 Coming Soon $195,000 BRIGHT MLS
• 2019-07-17 Sold (Public Records) $128,000 Public Records
• 2019-06-24 Sold (MLS) $128,000 BRIGHT MLS
• 2019-05-28 Pending — BRIGHT MLS
• 2019-04-30 Price Changed $129,900 BRIGHT MLS
• 2019-04-05 Price Changed $134,900 BRIGHT MLS
• 2019-03-28 Price Changed $137,900 BRIGHT MLS
• 2019-03-28 Listed $134,900 BRIGHT MLS

Property tax history

+1.3%/yr

Latest (2025): $1,305 · +25.9% YoY. Source: county tax records.