36 Baltistan Ct · Rossville, MD 21237

$191,000

3 bd · 1.5 ba · 1,302 sqft · Townhouse public records · 2 Days on market

Built 1980 1,555 sqft lot $147/sqft · 29% below area Est $269k · 29% under $95/mo HOA · 4% 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 +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +6.7/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

OFFERS DUE by 3PM SUN 5/17. This charming townhouse in the desirable Kings Court subdivision features 3 Finished levels with 1728 sq ft of living space including 3 Bedrooms & 2 Full Baths. All just awaiting your imagination and cosmetic touches ! The interior boasts a welcoming open concept layout featuring a large kitchen with breakfast area space for a table - perfect for everyday meals in addition to the separate dining room for entertaining. Relax & Unwind in the lightfilled living/family room. Enjoy the convenience of a spacious walk-in closet in the Primary Bedroom and a fully finished basement with full bath that provides additional living space and storage options

Key facts

• $95 HOA
• 2 parking spots
• Community pool

Property features AI

Finance

• Other: Property manager present; Accessibility modification: grab bars
• HOA & community: Monthly HOA fee of $95; HOA covers common area maintenance, pool(s), recreation facilities and water; Community outdoor pool

Exterior

• Parking: Assigned parking in lot (2 spaces assigned to #36)
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Vinyl siding; Block foundation; Above grade and below grade structures
• Exterior features: Sidewalks; Deck(s); Vinyl rear fencing; Backs to trees; Black top road surface

Interior

• Kitchen: Electric oven/range; Refrigerator; Range hood
• Bedrooms: Three bedrooms on the first upper level
• Flooring: Carpet; Vinyl; Ceramic tile
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: Heat pump with electric backup; Central air conditioning; Electric heating fuel; 60+ gallon hot water tank
• Interior features: Breakfast area and eat-in kitchen with table space; Dining area; Walk-in closet(s); Storm and sliding glass doors; Fully finished basement with interior access, windows and sump pump; Improved basement space suitable for rooms; Living room, foyer, recreation room, storage room
• Laundry & utility: Laundry located on lower floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $191k.

Deal economics

• At list price, monthly cash flow is $325 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $191k).
• Cap rate 8.3% vs local median 5.0% in Rossville — 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 76/100 on livability (#94 in MD, #3,622 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: crime F, amenities 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 (+5.0%/yr); 101 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 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 $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 + 5.0% rent growth), your $53k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

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 $191,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.17% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.29%
• DSCR: 1.32
• GRM: 7.1

CMA / ARV

• ARV (median comp): $269,049
• List price: $191,000
• Delta: -29.01%
• 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
36 Baltistan Ct	0.00mi	3/2.0	1,302 (0%)	1mo	$215,000	$165	97
5362 King Arthur Cir	0.24mi	3/1.5	1,302 (0%)	12mo	$222,500	$171	79
5213 Castlestone Dr	0.18mi	3/2.5	1,240 (-5%)	1mo	$324,000	$261	79
5326 King Arthur Cir	0.17mi	3/1.5	1,424 (+9%)	2mo	$250,000	$176	74
5244 Millfield Rd	0.32mi	2/2.0 (-1)	1,325 (+2%)	4mo	$265,000	$200	71
24 King Richard Ct #24	0.52mi	3/1.0	1,266 (-3%)	2mo	$220,000	$174	67
8 King Richard Ct #8	0.54mi	3/1.5	1,266 (-3%)	6mo	$245,000	$194	65
5215 Glenthorne Ct #5215	0.36mi	2/2.0 (-1)	1,348 (+4%)	8mo	$265,000	$197	64
5048 Brightleaf Ct #5048	0.41mi	2/2.0 (-1)	1,323 (+2%)	11mo	$279,900	$212	62
5458 Glenthorne Ct #5458	0.40mi	2/2.0 (-1)	1,327 (+2%)	12mo	$260,000	$196	61
9604 Baron Pl #9604	0.49mi	3/2.0	1,266 (-3%)	11mo	$200,000	$158	61
5300 Castlestone Dr	0.14mi	3/3.5	1,452 (+12%)	8mo	$320,000	$220	60

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: -2.7%
• Equity multiple: 0.89×
• Total profit: $-5,623
• Equity at exit: $28,479

10-year hold

• IRR: 9.2%
• Equity multiple: 1.78×
• Total profit: $41,504
• Equity at exit: $16,514

Cash invested: $53,480 (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: 101
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,236 high
• Mortgage (P&I): −$1,002
• Tax from tax record: −$265 /mo · $3,183/yr
• Insurance: −$80
• HOA: −$95
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $325

Break-even live

Break-even rent $1,825

Max offer price $191,000

Occupancy floor 80%

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: $47,750
• Closing costs: $5,730
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5326 King Arthur Cir Rosedale, MD	3.0	1.5	1424	$2,300	$1.62	24d	1	0.17mi
9206 Oswald Way Rosedale, MD	1.0–2.0	1.0–2.0	867	$2,018	$2.33	2d	22	0.42mi
386 Attenborough Dr Rosedale, MD	1.0–3.0	1.0–2.0	927	$2,709	$2.92	2d	21	0.51mi
8 King Henry Cir Rosedale, MD	3.0	1.0	1012	$1,895	$1.87	44d	1	0.61mi
8085 Sandpiper Cir Nottingham, MD	1.0–2.0	1.5–2.0	1068	$2,445	$2.29	2d	18	0.71mi
36 Cartwright Ct Rosedale, MD	3.0	2.0	1024	$2,095	$2.05	22d	1	1.10mi
8852 Pennsbury Pl Rosedale, MD	3.0	1.5	1400	$1,850	$1.32	24d	1	1.16mi
898 Manorgreen Rd Middle River, MD	3.0	2.5	1895	$2,702	$1.43	2d	4	1.17mi
13 Bohn Ct Rosedale, MD	3.0	1.5	1566	$1,800	$1.15	44d	1	1.17mi
8501 Franklin Square Dr Baltimore, MD	1.0–3.0	1.0–2.0	950	$2,780	$2.93	2d	19	1.20mi
6800 Averill Rd Rosedale, MD	1.0–2.0	1.0	810	$1,570	$1.94	2d	9	1.36mi

HOA detail

• Monthly dues: $95 · $1,140/yr

Listing history 4 events

1. 2026-05-17
   historical
2. 2026-05-15
   listed $191,000 Active
3. 2026-05-14
   historical
4. 1980-10-01
   soldstatus $55,390

ⓘ 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: $3,183 · $265/mo
• Projected year-2 tax: $3,183 · $265/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 ≥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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,832
• − Mortgage interest: −$10,699
• − Property taxes: −$3,183
• − Insurance: −$955
• − Repairs & maintenance: −$2,147
• − Management: −$2,147
• − HOA: −$1,140
• − Depreciation: −$5,556
• Taxable income: $1,006
• Est. tax owed @ 24.0%: −$241
• After-tax cash flow: $3,659/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 — Rossville

• Score: 76/100
• State rank: #94
• US rank: #3622

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rossville, MD
• County: Baltimore County · 769,527 people
• City population: 31,425
• 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

+288.2% since first listed

6 events — show timeline

• 2026-05-29 Sold (MLS) $215,000 BRIGHT MLS
• 2026-05-19 Pending — BRIGHT MLS
• 2026-05-17 Listing Removed — BRIGHT MLS
• 2026-05-15 Listed $191,000 BRIGHT MLS
• 2026-05-14 Coming Soon $191,000 BRIGHT MLS
• 1980-10-01 Sold (Public Records) $55,390 Public Records

Property tax history

+3.4%/yr

Latest (2025): $3,183 · +4.4% YoY. Source: county tax records.