505 Northpoint Rd · Baltimore, MD 21224

$265,000

3 bd · 2.0 ba · 1,553 sqft · SingleFamily public records · 62 Days on market

Built 1939 2,684 sqft lot $171/sqft · 13% below area Est $306k · 13% under

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Why this score? — see what drove the D 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 +13.5/15.0
• Cash flow +13.1/30.0
• DSCR +3.9/10.0
• Livability +3.8/5.0
• 1% rule +3.1/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated 3-bedroom home in the desirable North Point area, offering a flexible layout and inviting living spaces. The cozy kitchen is accented by a detailed tile backsplash and flows into a bright sunroom—perfect for morning coffee or relaxing throughout the day. The main level features a family room and dining room with cherry hardwood floors, along with a bedroom, full bath, and a home office, providing convenience and versatility for a variety of needs. Upstairs, you’ll find two additional bedrooms with brand-new carpet, offering fresh and comfortable accommodations for family or guests. The fully finished lower level expands your living space with durable, waterproof luxury vinyl plank (LVP) flooring backed by a 5-year warranty, a full bathroom, a laundry nook, and a large room perfect for a second family room, media room, or recreation area. A walkout door provides direct access to the backyard. Additional highlights include a spacious carport that fits up to three vehicles, an attached shed for extra storage, and a prime location that can’t be beat—just minutes from shopping, dining, and everyday conveniences, including Eastpoint Mall, Walmart, North Point Flea Market, Dollar Tree, and more. Just minutes from Johns Hopkins Bayview and close to 695 and 95. Mortgage savings may be available for buyers of this listing.

Key facts

• Flexible layout
• Updated home
• Bright sunroom

Tags

• UPDATED HOME
• FLEXIBLE LAYOUT
• DETAILED TILE BACKSPLASH
• BRIGHT SUNROOM
• CHERRY HARDWOOD FLOORS
• HOME OFFICE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $-67 ($-803/yr) — negative.
• To cash-flow at today's rent, offer at most $253k (4.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (19.2% below list).
• Recommended offer: $214k (19.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing 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: Berkshire Elementary (math 8% / reading 14%, grade F, #589 of 860 statewide, top 68%, 471 students, 66% FRL); Holabird Middle (math 4% / reading 19%, grade F, #205 of 225 statewide, top 92%, 912 students, 65% FRL); Dundalk High (math 5% / reading 33%, grade F, #177 of 222 statewide, top 80%, 2,193 students, 62% FRL) — zoned schools average 65% FRL vs 39% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 393 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

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 62 days — a 6% lower offer ($249k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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: flood insurance adds $56/mo; built in 1939 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $214,126 (19.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.81% ✗
• Cap rate: 6.24%
• Cash-on-cash: -0.18%
• DSCR: 0.99
• GRM: 10.3

CMA / ARV

• ARV (median comp): $305,611
• List price: $265,000
• Delta: -13.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7503 Riddle Ave	0.25mi	4/2.0 (+1)	1,536 (-1%)	2mo	$304,000	$198	79
717 50th St	0.65mi	3/2.0	1,506 (-3%)	16mo	$310,000	$206	51
800 Northpoint Rd	0.27mi	4/3.5 (+1)	1,353 (-13%)	5mo	$325,000	$240	51
719 50th St	0.66mi	3/2.0	1,656 (+7%)	13mo	$330,000	$199	48

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -19.9%
• Equity multiple: 0.32×
• Total profit: $-50,795
• Equity at exit: $39,512

10-year hold

• IRR: -16.8%
• Equity multiple: 0.14×
• Total profit: $-63,971
• Equity at exit: $22,912

Cash invested: $74,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21224

• Rents YoY: 1.3%
• Active inventory: 393
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,141 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$203 /mo · $2,434/yr
• Insurance: −$110
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $-67

Break-even live

Break-even rent $2,226

Max offer price $253,184

Occupancy floor 98%

Sensitivity live

Price	-10% $83	-5% $8	+0% $-67	+5% $-142	+10% $-217
Rent	-10% $-236	-5% $-151	+0% $-67	+5% $18	+10% $102
Rate	-1.0pp $67	-0.5pp $1	base $-67	+0.5pp $-136	+1.0pp $-205

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
505 Northpoint Rd Baltimore, MD	3.0	2.0	1300	$2,195	$1.69	13d	1	0.03mi
501 Fairview Ave Baltimore, MD	3.0	1.5	1848	$1,824	$0.99	26d	1	0.07mi
608 Northpoint Rd Baltimore, MD	3.0	1.5	1148	$1,895	$1.65	26d	1	0.12mi
7325 Conley St Baltimore, MD	3.0	2.0	1290	$1,950	$1.51	20d	1	0.28mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	20d	1	0.29mi
7716 Wynbrook Rd Baltimore, MD	2.0	1.0	1232	$1,800	$1.46	45d	1	0.29mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	45d	1	0.30mi
7219 Conley St Baltimore, MD	4.0	1.5	1440	$1,950	$1.35	17d	1	0.38mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	5d	1	0.39mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	26d	1	0.39mi
901 Elton Ave Baltimore, MD	4.0	2.0	1056	$2,800	$2.65	45d	1	0.43mi
7058 Eastbrook Ave Baltimore, MD	3.0	2.0	1228	$1,700	$1.38	13d	1	0.52mi
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	24d	1	0.54mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,695	$1.19	0d	1	0.60mi
7444 Berkshire Rd Baltimore, MD	3.0	1.5	1228	$1,850	$1.51	7d	1	0.64mi
643 47th St Baltimore, MD	2.0	2.0	1620	$2,100	$1.30	14d	1	0.73mi
7448 Durwood Rd Dundalk, MD	3.0	2.0	1606	$1,995	$1.24	4d	1	0.75mi
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	45d	1	0.76mi
7484 Rabon Ave Dundalk, MD	3.0	1.5	1499	$2,000	$1.33	45d	1	0.81mi
638 Villager Cir Dundalk, MD	3.0	3.5	1572	$2,450	$1.56	20d	1	0.90mi
6710 Hudson St Baltimore, MD	4.0	4.0	1156	$3,500	$3.03	26d	1	1.01mi
334 Kane St Baltimore, MD	2.0	2.0	1050	$1,675	$1.60	26d	1	1.06mi
1533 Leslie Rd Dundalk, MD	4.0	1.0	1270	$2,000	$1.57	45d	1	1.07mi
1329 Bethlehem Ave Dundalk, MD	3.0	2.0	1800	$2,700	$1.50	0d	1	1.07mi
416 Hornel St Unit 2 Baltimore, MD	2.0	1.0	1470	$1,400	$0.95	26d	1	1.22mi
338 Gusryan St Baltimore, MD	2.0	1.5	1218	$1,700	$1.40	26d	1	1.26mi
340 Gusryan St Baltimore, MD	3.0	2.0	1300	$2,500	$1.92	45d	1	1.26mi
328 Folcroft St Baltimore, MD	3.0	2.0	1460	$2,300	$1.58	26d	1	1.31mi
434 Folcroft St Unit A Baltimore, MD	3.0	1.5	1260	$1,500	$1.19	45d	1	1.32mi
442 Folcroft St Unit A Baltimore, MD	2.0	1.5	1071	$1,600	$1.49	5d	1	1.32mi
335 Drew St Unit 1 Baltimore, MD	2.0	1.0	1460	$1,600	$1.10	26d	1	1.38mi
301 Cornwall St Baltimore, MD	4.0	2.0	1520	$2,750	$1.81	13d	1	1.43mi
301 Cornwall St Baltimore, MD	4.0	2.0	1520	$2,900	$1.91	45d	1	1.43mi

Listing history 8 events

1. 2026-04-16
   price $265,000 1394-char remark

   Show marketing remark (1394 chars)

   Welcome to this beautifully updated 3-bedroom home in the desirable North Point area, offering a flexible layout and inviting living spaces. The cozy kitchen is accented by a detailed tile backsplash and flows into a bright sunroom—perfect for morning coffee or relaxing throughout the day. The main level features a family room and dining room with cherry hardwood floors, along with a bedroom, full bath, and a home office, providing convenience and versatility for a variety of needs. Upstairs, you’ll find two additional bedrooms with brand-new carpet, offering fresh and comfortable accommodations for family or guests. The fully finished lower level expands your living space with durable, waterproof luxury vinyl plank (LVP) flooring backed by a 5-year warranty, a full bathroom, a laundry nook, and a large room perfect for a second family room, media room, or recreation area. A walkout door provides direct access to the backyard. Additional highlights include a spacious carport that fits up to three vehicles, an attached shed for extra storage, and a prime location that can’t be beat—just minutes from shopping, dining, and everyday conveniences, including Eastpoint Mall, Walmart, North Point Flea Market, Dollar Tree, and more. Just minutes from Johns Hopkins Bayview and close to 695 and 95. Mortgage savings may be available for buyers of this listing.

2. 2026-03-25
   listed $275,000 Active 1394-char remark

   Show marketing remark (1394 chars)

   Welcome to this beautifully updated 3-bedroom home in the desirable North Point area, offering a flexible layout and inviting living spaces. The cozy kitchen is accented by a detailed tile backsplash and flows into a bright sunroom—perfect for morning coffee or relaxing throughout the day. The main level features a family room and dining room with cherry hardwood floors, along with a bedroom, full bath, and a home office, providing convenience and versatility for a variety of needs. Upstairs, you’ll find two additional bedrooms with brand-new carpet, offering fresh and comfortable accommodations for family or guests. The fully finished lower level expands your living space with durable, waterproof luxury vinyl plank (LVP) flooring backed by a 5-year warranty, a full bathroom, a laundry nook, and a large room perfect for a second family room, media room, or recreation area. A walkout door provides direct access to the backyard. Additional highlights include a spacious carport that fits up to three vehicles, an attached shed for extra storage, and a prime location that can’t be beat—just minutes from shopping, dining, and everyday conveniences, including Eastpoint Mall, Walmart, North Point Flea Market, Dollar Tree, and more. Just minutes from Johns Hopkins Bayview and close to 695 and 95. Mortgage savings may be available for buyers of this listing.

3. 2026-03-18
   historical $2,200
4. 2026-01-16
   listed $2,200
5. 2006-08-16
   soldstatus $245,000
6. 2006-08-16
   soldstatus $245,000
7. 2006-05-22
   historical
8. 2006-03-02
   listed

ⓘ 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: $2,434 · $203/mo
• Projected year-2 tax: $2,661 · $222/mo
• Expected delta: +$227/yr (+$19/mo · 9.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% 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: $25,695
• − Mortgage interest: −$14,844
• − Property taxes: −$2,434
• − Insurance: −$1,992
• − Repairs & maintenance: −$2,056
• − Management: −$2,056
• − Depreciation: −$7,709
• Taxable loss: −$5,395
• Est. tax savings @ 24.0%: +$1,295
• After-tax cash flow: $492/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 — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dundalk, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+8.2% since first listed

8 events — show timeline

• 2026-04-16 Price Changed $265,000 BRIGHT MLS
• 2026-03-25 Listed $275,000 BRIGHT MLS
• 2026-03-18 Rental Removed $2,200 TURBOTENANT
• 2026-01-16 Listed for Rent $2,200 TURBOTENANT
• 2006-08-16 Sold (Public Records) $245,000 Public Records
• 2006-08-16 Sold (Public Records) $245,000 Public Records
• 2006-05-22 Delisted — MRIS
• 2006-03-02 Listed — MRIS

Property tax history

+2.3%/yr

Latest (2025): $2,434 · +0.8% YoY. Source: county tax records.