1506 Neighbors Ave · Rosedale, MD 21237

$275,000

4 bd · 2.0 ba · 1,698 sqft · SingleFamily public records · 18 Days on market

Built 1959 6,248 sqft lot $162/sqft · 5% above area Est $353k · 22% 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).

• ARV discount +15.0/15.0
• Cash flow +14.3/30.0
• DSCR +4.4/10.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SPACE, SPACE, SPACE!!!!! This four level split has all the room you will need for that growing family. Check the room sizes. Configuration allows for inlaw suite, home office, or many other options. Kitchen offers top of the line appliances with a nice flow for entertaining. Large sun room opens to yard with beckoning inground pool. Loads of parking w/ 2 driveways & huge carport.

Key facts

• 6,248 sq ft lot
• Garage
• Built 1959

Property features AI

Exterior

• Parking: Attached 1-car garage with front entry; Driveway with 4 spaces (total garage and parking spaces: 5)
• Utilities: Public water; Public sewer; Electric power available
• Home design: Detached structure; Composite roof; Brick construction; Fee simple ownership
• Construction: Brick construction; Composite roof; Other foundation; Above-grade and below-grade structures; Year built source: Assessor
• Exterior features: Sidewalks

Interior

• Kitchen: Built-in microwave; Microwave; Dishwasher; Electric oven/range
• Bedrooms: Two bedrooms on the main level; Two bedrooms on the upper level
• Bathrooms: Two full bathrooms (one on main level, one on upper level)
• Heating & cooling: Central heating; 90% forced air system; Natural gas heat; Whole-house fan for cooling; Electric cooling fuel
• Interior features: Partially finished basement; Living Room
• Laundry & utility: Electric hot water

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $51 ($612/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (10.0% below list).
• Recommended offer: $247k (10.0% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.9% in Rosedale — 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 81/100 on livability (#37 in MD, #1,338 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety 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.
• Zoned schools: Red House Run Elementary (math 9% / reading 20%, grade F, #477 of 860 statewide, top 59%, 615 students, 60% FRL); Golden Ring Middle (math 4% / reading 30%, grade F, #170 of 225 statewide, top 77%, 903 students, 63% FRL); Overlea High (math 2% / reading 27%, grade F, #185 of 222 statewide, top 85%, 1,365 students, 63% FRL) — zoned schools average 62% FRL vs 39% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.0%/yr); 103 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 32% of the median local income ($92k/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 $2k of loan paydown is wiped out by about $8k 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 18 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y 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.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $247,428 (10.0% below list)

Questions for the listing agent

1. Built in 1959 — 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 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?
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: 0.90% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.79%
• DSCR: 1.04
• GRM: 9.3

CMA / ARV

• ARV (median comp): $352,549
• List price: $275,000
• Delta: -22.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8029 Neighbors Ave	0.22mi	4/2.0	1,692 (-0%)	2mo	$339,000	$200	88
8007 Sagramore Rd	0.29mi	4/1.5	1,692 (-0%)	2mo	$370,000	$219	82
8020 Neighbors Ave	0.27mi	4/2.5	1,759 (+4%)	9mo	$360,000	$205	72
7932 Philadelphia Rd	0.62mi	4/2.5	1,740 (+2%)	2mo	$360,000	$207	64
8022 Neighbors Ave	0.27mi	3/2.5 (-1)	1,576 (-7%)	6mo	$365,000	$232	63
6420 Kenwood Ave	0.66mi	3/2.0 (-1)	1,644 (-3%)	2mo	$310,000	$189	58
1821 Weyburn Rd	0.62mi	4/1.5	1,816 (+7%)	2mo	$330,000	$182	56
8100 Old Philadelphia Rd	0.44mi	4/2.5	1,868 (+10%)	6mo	$325,000	$174	56
8504 Bassett Rd	0.72mi	4/2.0	1,572 (-7%)	3mo	$325,000	$207	52
1817 Hanford Rd	0.63mi	5/2.0 (+1)	1,858 (+9%)	0mo	$347,000	$187	50
5543 Lanham Way	0.63mi	5/2.0 (+1)	1,872 (+10%)	3mo	$417,500	$223	46
1814 Weyburn Rd	0.62mi	3/1.5 (-1)	1,884 (+11%)	4mo	$265,000	$141	43

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 · 4.97% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.53×
• Total profit: $-36,275
• Equity at exit: $41,003

10-year hold

• IRR: -1.0%
• Equity multiple: 0.92×
• Total profit: $-5,883
• Equity at exit: $23,777

Cash invested: $77,000 (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 21237

• Rents YoY: 5.0%
• Active inventory: 103
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,474 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$347 /mo · $4,164/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $51

Break-even live

Break-even rent $2,410

Max offer price $275,000

Occupancy floor 93%

Sensitivity live

Price	-10% $207	-5% $129	+0% $51	+5% $-27	+10% $-105
Rent	-10% $-144	-5% $-47	+0% $51	+5% $149	+10% $246
Rate	-1.0pp $189	-0.5pp $121	base $51	+0.5pp $-20	+1.0pp $-93

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8212 Dorset Ave Rosedale, MD	4.0	1.5	1479	$2,250	$1.52	46d	1	0.07mi
8006 Woodhaven Ct Rosedale, MD	4.0	3.0	1680	$3,200	$1.90	26d	1	0.35mi
1732 Chesaco Ave Rosedale, MD	3.0	1.0	1260	$2,295	$1.82	46d	1	0.50mi
8133 Bartholomew Ct Baltimore, MD	3.0	2.5	1600	$2,700	$1.69	26d	1	0.62mi
6512 Golden Ring Rd Rosedale, MD	4.0	3.0	1089	$2,800	$2.57	19d	1	0.74mi
32 Tameron Pl Rosedale, MD	3.0	2.5	1720	$2,300	$1.34	4d	1	0.87mi
6709 Havenoak Rd Baltimore, MD	1.0–3.0	1.0–1.5	797	$1,765	$2.21	1d	10	0.87mi
5676 Utrecht Rd Baltimore, MD	3.0	2.0	1334	$2,195	$1.65	1d	1	1.03mi
2009 Longview Ave Rosedale, MD	3.0	2.0	1062	$2,500	$2.35	17d	1	1.04mi
30 Morning Ct Rosedale, MD	3.0	3.5	1980	$3,350	$1.69	20d	1	1.14mi
5248 Darien Rd Baltimore, MD	3.0	1.0	1584	$2,100	$1.33	46d	1	1.15mi
5253 Cedgate Rd Unit 1 Baltimore, MD	3.0	1.5	1152	$2,200	$1.91	46d	1	1.18mi
5938 Clayton Ave Baltimore, MD	4.0	2.0	1296	$2,872	$2.22	19d	1	1.33mi
5611 Force Rd Baltimore, MD	3.0	1.5	1296	$1,850	$1.43	46d	1	1.44mi
4905 Greencrest Rd Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	46d	1	1.45mi
5313 Todd Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	19d	1	1.47mi

Listing history 13 events

1. 2026-06-01
   days on market $275,000 Active 18 DOM
2. 2026-05-31
   days on market $275,000 Active 17 DOM
3. 2026-05-14
   listed $275,000 Active 329-char remark
4. 2007-03-14
   soldstatus $269,000
5. 2007-03-14
   soldstatus $269,000
6. 2007-02-22
   soldstatus $269,000 388-char remark

   Show marketing remark (388 chars)

   SPACE, SPACE, SPACE!!!!! This four level split has all the room you will need for that growing family. Check the room sizes. Configuration allows for inlaw suite, home office, or many other options. Kitchen offers top of the line appliances with a nice flow for entertaining. Large sun room opens to yard with beckoning inground pool. Loads of parking w/ 2 driveways & huge carport.

7. 2007-01-22
   historical 388-char remark

   Show marketing remark (388 chars)

   SPACE, SPACE, SPACE!!!!! This four level split has all the room you will need for that growing family. Check the room sizes. Configuration allows for inlaw suite, home office, or many other options. Kitchen offers top of the line appliances with a nice flow for entertaining. Large sun room opens to yard with beckoning inground pool. Loads of parking w/ 2 driveways & huge carport.

8. 2006-10-01
   listed $265,000 388-char remark

   Show marketing remark (388 chars)

   SPACE, SPACE, SPACE!!!!! This four level split has all the room you will need for that growing family. Check the room sizes. Configuration allows for inlaw suite, home office, or many other options. Kitchen offers top of the line appliances with a nice flow for entertaining. Large sun room opens to yard with beckoning inground pool. Loads of parking w/ 2 driveways & huge carport.

9. 2003-09-12
   soldstatus $179,000
10. 2003-08-20
    soldstatus $179,000
11. 2003-07-19
    historical
12. 2003-07-10
    listed $185,555
13. 1991-11-29
    soldstatus $119,000

ⓘ 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: $4,164 · $347/mo
• Projected year-2 tax: $4,164 · $347/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 1/10 Low
• 🌡 Heat 7/10 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: $29,691
• − Mortgage interest: −$15,404
• − Property taxes: −$4,164
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,375
• − Management: −$2,375
• − Depreciation: −$8,000
• Taxable loss: −$4,002
• Est. tax savings @ 24.0%: +$961
• After-tax cash flow: $1,572/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 — Rosedale

• Score: 81/100
• State rank: #37
• US rank: #1338

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rosedale, MD
• County: Baltimore County · 769,527 people
• City population: 30,851
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 31,425
• Household income: $91,693
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 887.0

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 0.66)
• Race & ethnicity: White 42% Black 38% Hispanic / Latino 9% Asian 7% Two or more races 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 1% Slovak 1%
• Foreign-born: 17% · Canada, India, South Korea
• Languages at home: 78% English-only · Spanish 7% Other Indo-European 4% Tagalog/Filipino 2%

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: ▼ -151.40%
• Current HPI: 242.8057
• Rent YoY: ▲ 4.97%
• 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

+131.1% since first listed

12 events — show timeline

• 2026-06-02 Listing Removed — BRIGHT MLS
• 2026-05-14 Listed $275,000 BRIGHT MLS
• 2007-03-14 Sold (Public Records) $269,000 Public Records
• 2007-03-14 Sold (Public Records) $269,000 Public Records
• 2007-02-22 Sold (MLS) $269,000 MRIS
• 2007-01-22 Delisted — MRIS
• 2006-10-01 Listed $265,000 MRIS
• 2003-09-12 Sold (Public Records) $179,000 Public Records
• 2003-08-20 Sold (MLS) $179,000 MRIS
• 2003-07-19 Delisted — MRIS
• 2003-07-10 Listed $185,555 MRIS
• 1991-11-29 Sold (Public Records) $119,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $4,164 · +8.9% YoY. Source: county tax records.