5649 Utrecht Rd · Rosedale, MD 21206

$229,900

3 bd · 1.0 ba · 1,184 sqft · Townhouse public records · 20 Days on market

Built 1964 2,120 sqft lot Est $198k · 16% over

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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).

• Cash flow +15.2/30.0
• DSCR +4.6/10.0
• Livability +4.0/5.0
• 1% rule +3.6/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.2/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 5649 Utrecht Rd. , a beautifully renovated home where nearly every surface has been thoughtfully updated to create a space that feels both timeless and completely move-in ready. From the gorgeous refinished hardwood floors to the fully redesigned kitchen and fresh finishes throughout, the amount of work poured into this home is immediately evident the moment you walk through the door. One of the standout features is the completely reimagined main level. Unlike many homes in the community, the wall between the kitchen and dining area was opened to create a seamless open-concept layout that completely transforms the flow of the home. Whether entertaining guests or enjoying everyday

Key facts

• Built 1964
• Listed 20 days

Property features AI

Exterior

• Parking: Driveway parking; On-street parking; Private, fenced parking area
• Utilities: Public water; Public sewer; Electric for cooling; Natural gas for heating and hot water
• Home design: Interior townhouse/rowhouse; Brick front; Shingle roof; Double-pane windows; Concrete perimeter foundation; Fee simple ownership; Year of major renovation/effective year 2026
• Construction: Brick front construction; Shingle roof; Concrete perimeter foundation; Above-grade and below-grade structures
• Exterior features: Exterior lighting; Porch(es); Fully fenced rear yard; Rear yard

Interior

• Kitchen: Built-in microwave; Dishwasher; Kitchen island; Eat-in kitchen
• Basement: Basement present; Partially finished with unfinished areas; Connecting stairway; Side entrance to basement; Sump pump; Basement windows
• Bedrooms: Three bedrooms on the upper level
• Flooring: Hardwood floors; Tile/brick; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Heat pump with gas backup; Natural gas heating fuel; Central air conditioning (electric)
• Interior features: Attic; Breakfast area; Combination dining/living space; Combination kitchen/dining area; Combination kitchen/living area; Dining area; Family room off the kitchen; Eat-in kitchen; Kitchen island; Recessed lighting; Wood floors; Insulated doors
• Laundry & utility: Washer/Dryer (dryer is front-loading); Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $230k.

Deal economics

• At list price, monthly cash flow is $78 ($936/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 $199k (13.6% below list).
• Recommended offer: $199k (13.6% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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.
• Market conditions: Rents rising fast (+4.4%/yr); 180 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 37% of the median local income ($65k/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 $7k 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 20 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $95k; list at $230k implies a 142% 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 $198,588 (13.6% below list)

Questions for the listing agent

1. Built in 1964 — 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. 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?
5. 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.
6. 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.
7. 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: 0.86% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.45%
• DSCR: 1.06
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $197,728
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5654 Whitby Rd	0.15mi	3/1.5	1,184 (0%)	12mo	$248,750	$210	81
5536 Whitby Rd	0.20mi	3/1.5	1,152 (-3%)	6mo	$137,500	$119	79
6021 Arizona Ave	0.26mi	3/1.5	1,152 (-3%)	6mo	$164,900	$143	76
5663 Whitby Rd	0.14mi	3/1.5	1,334 (+13%)	1mo	$204,000	$153	70
8124 Bartholomew Ct	0.34mi	3/2.5	1,148 (-3%)	6mo	$330,900	$288	68
5454 Cedonia Ave	0.38mi	4/2.0 (+1)	1,152 (-3%)	2mo	$215,000	$187	67
5516 Seward Ave	0.69mi	3/1.5	1,164 (-2%)	2mo	$140,000	$120	62
5910 Laclede Rd	0.59mi	3/2.0	1,152 (-3%)	14mo	$220,000	$191	53
5904 Willet Ave	0.67mi	2/1.0 (-1)	1,258 (+6%)	5mo	$180,000	$143	49
4540 Hazelwood Ave	0.63mi	3/1.5	1,080 (-9%)	10mo	$180,000	$167	45
5602 White Ave	0.36mi	2/2.0 (-1)	1,008 (-15%)	15mo	$225,000	$223	37
5907 Daywalt Ave	0.55mi	2/1.5 (-1)	1,008 (-15%)	11mo	$125,000	$124	33

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.54×
• Total profit: $-29,419
• Equity at exit: $34,279

10-year hold

• IRR: -1.5%
• Equity multiple: 0.89×
• Total profit: $-7,101
• Equity at exit: $19,878

Cash invested: $64,372 (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 21206

• Rents YoY: 4.4%
• Active inventory: 180
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,986 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$189 /mo · $2,273/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $78

Break-even live

Break-even rent $1,887

Max offer price $229,900

Occupancy floor 91%

Sensitivity live

Price	-10% $208	-5% $143	+0% $78	+5% $13	+10% $-52
Rent	-10% $-79	-5% $0	+0% $78	+5% $156	+10% $235
Rate	-1.0pp $194	-0.5pp $136	base $78	+0.5pp $18	+1.0pp $-42

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5676 Utrecht Rd Baltimore, MD	3.0	2.0	1334	$2,195	$1.65	0d	1	0.06mi
6042 Barstow Rd Baltimore, MD	1.0–3.0	1.0	736	$1,527	$2.07	3d	1	0.34mi
5738 Cedonia Ave Baltimore, MD	2.0	1.0	797	$1,385	$1.74	4d	3	0.38mi
5904 Arizona Ave Unit B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	25d	1	0.41mi
4909 Hamilton Ave Baltimore, MD	2.0–3.0	2.0	862	$1,550	$1.80	4d	5	0.41mi
4907 Hamilton Ave Unit B Baltimore, MD	3.0	2.0	925	$1,699	$1.84	45d	1	0.44mi
4905 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	25d	1	0.44mi
4903 1/2 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	25d	1	0.45mi
4903 1/2 Hamilton Ave Unit A Baltimore, MD	2.0	2.0	800	$1,450	$1.81	25d	1	0.45mi
1732 Chesaco Ave Rosedale, MD	3.0	1.0	1260	$2,295	$1.82	45d	1	0.60mi
5253 Cedgate Rd Unit 1 Baltimore, MD	3.0	1.5	1152	$2,200	$1.91	45d	1	0.64mi
5938 Clayton Ave Baltimore, MD	4.0	2.0	1296	$2,872	$2.22	17d	1	0.67mi
5313 Todd Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	17d	1	0.81mi
4924 Frankford Ave Baltimore, MD	4.0	2.0	1176	$2,600	$2.21	25d	1	0.91mi
8212 Dorset Ave Rosedale, MD	4.0	1.5	1479	$2,250	$1.52	45d	1	0.94mi
4308 Hamilton Ave Baltimore, MD	2.0	1.0	1110	$1,416	$1.28	25d	1	0.95mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	45d	1	1.04mi
5611 Force Rd Baltimore, MD	3.0	1.5	1296	$1,850	$1.43	45d	1	1.11mi
5632 Belair Rd Baltimore, MD	3.0	1.5	1260	$2,100	$1.67	25d	1	1.13mi
5906 Benton Heights Ave Baltimore, MD	2.0	1.0	780	$1,350	$1.73	45d	1	1.15mi
2009 Longview Ave Rosedale, MD	3.0	2.0	1062	$2,500	$2.35	16d	1	1.21mi
6512 Golden Ring Rd Rosedale, MD	4.0	3.0	1089	$2,800	$2.57	17d	1	1.36mi
5424 Belle Vista Ave Baltimore, MD	2.0	1.0	932	$1,300	$1.39	45d	1	1.37mi
4901 Gunther Ave Baltimore, MD	1.0–3.0	1.0–2.0	742	$1,463	$1.97	3d	1	1.44mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	4d	1	1.44mi
4007 Biddison Ln Apt 1 Baltimore, MD	2.0	1.0	1000	$1,279	$1.28	19d	1	1.48mi
5305 Moravia Rd Baltimore, MD	3.0	1.0	679	$1,993	$2.93	3d	1	1.50mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	45d	1	1.50mi

Listing history 17 events

1. 2026-06-21
   statusdays on market $229,900 Active Under Contract 20 DOM
2. 2026-06-18
   days on market $229,900 Active 19 DOM
3. 2026-06-17
   days on market $229,900 Active 18 DOM
4. 2026-06-16
   days on market $229,900 Active 17 DOM
5. 2026-06-15
   days on market $229,900 Active 16 DOM
6. 2026-06-13
   days on market $229,900 Active 14 DOM
7. 2026-06-09
   days on market $229,900 Active 10 DOM
8. 2026-06-08
   days on market $229,900 Active 9 DOM
9. 2026-06-07
   statusdays on market $229,900 Active 8 DOM
10. 2026-05-21
    listed $229,900 Active
11. 2026-05-18
    historical $229,900
12. 2004-04-20
    soldstatus $95,000
13. 2004-04-20
    soldstatus $95,000
14. 2003-08-30
    soldstatus $95,000
15. 2003-06-30
    historical
16. 2003-05-27
    listed $97,500
17. 1977-12-27
    soldstatus $32,900

ⓘ 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: $2,273 · $189/mo
• Projected year-2 tax: $2,390 · $199/mo
• Expected delta: +$116/yr (+$10/mo · 5.1%)

ⓘ 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: $23,831
• − Mortgage interest: −$12,878
• − Property taxes: −$2,273
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,906
• − Management: −$1,906
• − Depreciation: −$6,688
• Taxable loss: −$2,971
• Est. tax savings @ 24.0%: +$713
• After-tax cash flow: $1,649/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 City · 558,601 people
• City population: 30,851
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% Other Indo-European 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+598.8% since first listed

8 events — show timeline

• 2026-05-21 Listed $229,900 BRIGHT MLS
• 2026-05-18 Coming Soon $229,900 BRIGHT MLS
• 2004-04-20 Sold (Public Records) $95,000 Public Records
• 2004-04-20 Sold (Public Records) $95,000 Public Records
• 2003-08-30 Sold (MLS) $95,000 MRIS
• 2003-06-30 Delisted — MRIS
• 2003-05-27 Listed $97,500 MRIS
• 1977-12-27 Sold (Public Records) $32,900 Public Records

Property tax history

+2.8%/yr

Latest (2025): $2,273 · -1.6% YoY. Source: county tax records.