2957 Freeway Fwy · Lansdowne, MD 21227

$145,000

3 bd · 1.0 ba · 1,024 sqft · Townhouse public records · 3 Days on market

Built 1955 3,224 sqft lot Est $195k · 25% under

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Why this score? — see what drove the B 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 +27.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +7.3/10.0
• Livability +3.3/5.0
• 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

This is the best deal in the neighborhood!!!! Totally rehabbed down to the bare bones. .. .. .3 bedrooms, updated full bath with ceramic tile, new heating system, new roof, new windows, new floors and carpet. Kitchen is absolutely gorgeous. .. .stainless appliances, granite countertops and ceramic flooring. Large end unit with totally fenced-in yard and covered front porch. 1 Year Home Warranty

Key facts

• Built 1955
• Listed 3 days

Property features AI

Finance

• Financial info: Ownership interest: ground rent ($90, paid semi-annually); Income/expense note: annual ground rent

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: End of Row/Townhouse; Estimated year built; major renovation in 2014; Above-grade finished living area approximately 1,024
• Construction: Brick construction; Other foundation; Above grade and below grade structures
• Exterior features: End of row townhouse; Ground rent exists (semi-annual payment)

Interior

• Bedrooms: 3 bedrooms on the first upper level
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Ceiling fans for cooling (natural gas)
• Interior features: Two or more access exits

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $145k.

Deal economics

• At list price, monthly cash flow is $425 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 9.8% vs local median 4.5% in Lansdowne — 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 66/100 on livability (#235 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A, housing A-; Watch: employment D, schools F, 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 (+1.2%/yr); 99 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $4k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y ago; this cycle's ask is 38% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $105k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $145,000

Questions for the listing agent

1. Built in 1955 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 1.23% ✓
• Cap rate: 9.81%
• Cash-on-cash: 12.55%
• DSCR: 1.56
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $194,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3055 Freeway	0.15mi	3/1.0	1,024 (0%)	6mo	$160,000	$156	88
925 Catawba Ct	0.12mi	3/1.0	1,024 (0%)	9mo	$195,000	$190	87
3167 Bero Rd	0.24mi	3/1.0	1,024 (0%)	4mo	$165,000	$161	85
446 Bigley Ave	0.24mi	3/1.0	1,024 (0%)	5mo	$150,000	$146	85
800 Seckel Ct	0.15mi	2/1.0 (-1)	1,024 (0%)	6mo	$135,000	$132	84
1017 Fredonia Ct	0.28mi	3/1.0	1,024 (0%)	8mo	$140,000	$137	80
430 Burbank Ct	0.46mi	3/1.0	1,024 (0%)	6mo	$195,000	$190	74
2725 Yarnall Rd	0.62mi	3/1.0	1,024 (0%)	5mo	$210,000	$205	67
2754 Yarnall Rd	0.65mi	3/1.0	1,024 (0%)	7mo	$265,000	$259	64
4432 Annapolis Rd	0.64mi	3/1.5	1,024 (0%)	6mo	$228,000	$223	64
3103 Ryerson Cir	0.45mi	3/1.0	1,116 (+9%)	6mo	$179,900	$161	59
2773 Yarnall Rd	0.68mi	3/1.0	1,101 (+8%)	3mo	$229,500	$208	54

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 · 1.17% rent growth · sell at horizon

5-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $345
• Equity at exit: $21,620

10-year hold

• IRR: 7.9%
• Equity multiple: 1.55×
• Total profit: $22,457
• Equity at exit: $12,537

Cash invested: $40,600 (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 21227

• Rents YoY: 1.2%
• Active inventory: 99
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,778 high
• Mortgage (P&I): −$760
• Tax from tax record: −$160 /mo · $1,915/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $425

Break-even live

Break-even rent $1,241

Max offer price $145,000

Occupancy floor 71%

Sensitivity live

Price	-10% $507	-5% $466	+0% $425	+5% $384	+10% $343
Rent	-10% $284	-5% $354	+0% $425	+5% $495	+10% $565
Rate	-1.0pp $498	-0.5pp $461	base $425	+0.5pp $387	+1.0pp $349

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
902 Catawba Ct Halethorpe, MD	3.0	1.0	906	$1,495	$1.65	22d	1	0.10mi
3111 Bero Rd Halethorpe, MD	3.0	2.0	1024	$1,750	$1.71	44d	1	0.19mi
3167 Ryerson Cir Halethorpe, MD	3.0	1.5	1116	$1,995	$1.79	5d	1	0.54mi
3269 Ryerson Cir Halethorpe, MD	3.0	2.0	1303	$1,700	$1.30	10d	1	0.59mi
4369 Hollins Ferry Rd Halethorpe, MD	3.0	1.0	1152	$1,900	$1.65	44d	1	0.64mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	44d	1	0.83mi
2715 Hammonds Ferry Rd Halethorpe, MD	2.0	1.0	992	$1,500	$1.51	44d	1	0.84mi
3010 Alabama Ave Halethorpe, MD	2.0	1.0	900	$2,200	$2.44	18d	1	0.88mi
2600 W Patapsco Ave Baltimore, MD	1.0–2.0	1.0	856	$1,309	$1.53	2d	24	0.93mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	24d	1	1.06mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	5d	1	1.06mi
2745 Round Rd Brooklyn, MD	2.0	2.0	756	$1,800	$2.38	44d	1	1.29mi

Listing history 8 events

1. 2026-06-13
   statusdays on market $145,000 Pending 3 DOM
2. 2026-06-10
   statusdays on market $145,000 Active 1 DOM
3. 2026-06-09
   days on market $145,000 Coming Soon 6 DOM
4. 2026-06-08
   remarks 699-char remark
5. 2026-06-08
   days on market $145,000 Coming Soon 5 DOM
6. 2026-06-07
   days on market $145,000 Coming Soon 4 DOM
7. 2026-06-04
   remarks 35-char remark
8. 2026-06-04
   listed $145,000 Coming Soon 1 DOM

ⓘ 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: $1,915 · $160/mo
• Projected year-2 tax: $1,915 · $160/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 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,341
• − Mortgage interest: −$8,122
• − Property taxes: −$1,915
• − Insurance: −$725
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$4,218
• Taxable income: $2,947
• Est. tax owed @ 24.0%: −$707
• After-tax cash flow: $4,388/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 — Lansdowne

• Score: 66/100
• State rank: #235
• US rank: #11670

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansdowne, MD
• County: Baltimore County · 769,527 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,907
• Household income: $85,986
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 930.0

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 0.59)
• Race & ethnicity: White 61% Black 16% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 13% · Canada, Philippines, China
• Languages at home: 83% English-only · Spanish 10% Other Asian/Pacific 2% Other Indo-European 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: ▼ -294.07%
• Current HPI: 281.9628
• Rent YoY: ▲ 1.17%
• 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

+38.2% since first listed

8 events — show timeline

• 2026-06-03 Coming Soon $145,000 BRIGHT MLS
• 2014-06-18 Sold (Public Records) $104,900 Public Records
• 2014-06-11 Sold (MLS) $104,900 BRIGHT MLS
• 2014-06-11 Sold (MLS) $104,900 MRIS
• 2014-04-25 Pending — MRIS
• 2014-04-24 Listing Removed — BRIGHT MLS
• 2014-04-18 Listed $104,900 MRIS
• 2014-04-18 Listed $104,900 BRIGHT MLS

Property tax history

+8.9%/yr

Latest (2025): $1,915 · +4.9% YoY. Source: county tax records.