8562 Harris Ave · Parkville, MD 21234

$189,000

3 bd · 1.0 ba · 1,440 sqft · Townhouse public records · 1 Days on market

Built 1959 6,897 sqft lot Est $269k · 30% 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 +26.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.5/10.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

3-bedroom, 1 full and 1 half bath traditional brick end-of-row townhome in Oakleigh offering an AS IS sale with off-street parking, walkout lower level access, and clear value-add potential. This home needs TLC and is ready for buyers looking for a property they can update, improve, and personalize over time. The seller did update the HVAC 2024 and HWH 2026. as well as newer windows and all closets lined with cedar. The main level includes living and dining areas, along with a living room fireplace noted as is. Upstairs, all three bedrooms and a full bath are located together, while the lower level adds a partially finished area, half bath, unfinished storage space, sump pump, and rear walk

Key facts

• 2 parking spots
• Built 1959

Property features AI

Finance

• Other: Property condition listed as below average; Total finished area above grade approximately 1,152; Below-grade finished area approximately 288; Total below-grade area approximately 576; Pets allowed with no pet restrictions
• Financial info: Ground rent exists with a semi-annual payment; Annual ground rent listed as an income/expense item

Exterior

• Parking: Two off-street parking spaces; On-street parking available; Concrete driveway
• Utilities: Public water; Public sewer; Municipal trash service
• Home design: End of row townhouse; Ground rent tenancy (semi-annual payment)
• Construction: Brick construction; Block foundation
• Exterior features: Full basement with outside/rear entrance and walkout level; Basement unfinished with space for rooms and a sump pump; Shed on the property; Not in a federal flood zone

Interior

• Kitchen: Dishwasher; Built-in microwave; Refrigerator; Icemaker; Disposal; Exhaust fan
• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Carpet flooring in living areas; Window treatments; Has one gas/propane fireplace
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $189k.

Deal economics

• At list price, monthly cash flow is $520 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Cap rate 9.6% vs local median 5.3% in Parkville — 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 77/100 on livability (#77 in MD, #2,839 nationally) — a middle-class / working-renter tenant base. 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: Villa Cresta Elementary (math 14% / reading 22%, grade F, #400 of 860 statewide, top 47%, 637 students, 58% FRL); Loch Raven Technical Academy (math 6% / reading 32%, grade F, #155 of 225 statewide, top 70%, 781 students, 60% FRL); Parkville High (math 9% / reading 35%, grade F, #171 of 222 statewide, top 78%, 2,200 students, 62% FRL) — zoned schools average 60% FRL vs 39% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.7%/yr); 234 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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).
• This rent runs 31% of the median local income ($84k/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 $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 + 6.7% rent growth), your $53k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

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 $189,000

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. 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: 1.15% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.79%
• DSCR: 1.52
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $269,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2113 Pitney Rd	0.20mi	3/1.5	1,440 (0%)	1mo	$270,000	$188	88
8528 Kings Ridge Rd	0.10mi	3/1.5	1,440 (0%)	8mo	$275,000	$191	87
8559 Morven Rd	0.10mi	2/1.5 (-1)	1,440 (0%)	7mo	$245,000	$170	83
8425 Kings Ridge Rd	0.17mi	3/1.0	1,552 (+8%)	1mo	$260,000	$168	78
1770 Weston Ave	0.64mi	3/1.5	1,396 (-3%)	2mo	$239,000	$171	61
1841 Trenleigh Rd	0.58mi	3/1.5	1,409 (-2%)	9mo	$176,000	$125	60
8301 Kendale Rd	0.74mi	3/1.5	1,408 (-2%)	1mo	$280,000	$199	59
8619 Oak Rd	0.70mi	3/1.5	1,408 (-2%)	5mo	$225,000	$160	58
1738 Redwood	0.67mi	3/2.0	1,632 (+13%)	1mo	$255,000	$156	42
1763 White Oak Ave	0.69mi	3/1.5	1,260 (-12%)	9mo	$235,000	$187	38
1755 White Oak Ave	0.71mi	3/2.0	1,260 (-12%)	9mo	$258,000	$205	35
8533 Water Oak Rd	0.64mi	3/2.0	1,226 (-15%)	8mo	$250,000	$204	35

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: 5.1%
• Equity multiple: 1.20×
• Total profit: $10,783
• Equity at exit: $28,181

10-year hold

• IRR: 17.5%
• Equity multiple: 2.68×
• Total profit: $88,729
• Equity at exit: $16,341

Cash invested: $52,920 (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 21234

• Rents YoY: 6.7%
• Active inventory: 234
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,167 high
• Mortgage (P&I): −$991
• Tax from tax record: −$122 /mo · $1,467/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $520

Break-even live

Break-even rent $1,509

Max offer price $189,000

Occupancy floor 71%

Sensitivity live

Price	-10% $627	-5% $574	+0% $520	+5% $467	+10% $413
Rent	-10% $349	-5% $434	+0% $520	+5% $606	+10% $691
Rate	-1.0pp $615	-0.5pp $568	base $520	+0.5pp $471	+1.0pp $421

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8503 Kings Ridge Rd Parkville, MD	4.0	2.0	1200	$2,100	$1.75	6d	1	0.15mi
8417 Nunley Dr Parkville, MD	1.0–3.0	1.0–2.0	812	$2,120	$2.61	0d	1	0.32mi
8309 Arbor Station Way Parkville, MD	1.0–3.0	1.0–1.5	908	$2,085	$2.30	0d	10	0.33mi
8768 Cimarron Cir Parkville, MD	4.0	1.5	1752	$2,395	$1.37	25d	1	0.38mi
8592 Quentin Ave Parkville, MD	3.0	1.5	1440	$2,100	$1.46	6d	1	0.55mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	45d	1	0.58mi
8206 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	45d	1	0.59mi
8206 Old Harford Rd Unit 1 Parkville, MD	2.0	1.0	1146	$1,750	$1.53	45d	1	0.59mi
8204 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	45d	1	0.60mi
8451 Water Oak Rd Parkville, MD	3.0	2.0	1054	$1,950	$1.85	45d	1	0.61mi
8533 Oak Rd Parkville, MD	3.0	2.0	1480	$2,100	$1.42	45d	1	0.67mi
8617 Oak Rd Parkville, MD	3.0	1.5	1208	$2,100	$1.74	6d	1	0.68mi
1726 Redwood Ave Parkville, MD	4.0	2.0	1435	$2,250	$1.57	19d	1	0.69mi
1745 Amuskai Rd Parkville, MD	2.0	2.0	1260	$1,975	$1.57	45d	1	0.70mi
1870 Yakona Rd Parkville, MD	4.0	2.0	1080	$2,400	$2.22	45d	1	0.76mi
1714 Pin Oak Rd Parkville, MD	3.0	1.0	1534	$2,800	$1.83	6d	1	0.76mi
8340 Edgedale Rd Parkville, MD	3.0	2.0	1260	$2,400	$1.90	6d	1	0.79mi
8650 Rock Oak Rd Parkville, MD	4.0	2.0	1800	$3,108	$1.73	45d	1	0.81mi
2528 Wendover Rd Unit a Parkville, MD	2.0	2.0	1704	$1,950	$1.14	45d	1	0.82mi
8623 Willow Oak Rd Parkville, MD	3.0	2.0	1395	$2,700	$1.94	45d	1	0.83mi
8525 Chestnut Oak Rd Parkville, MD	4.0	2.0	1178	$1,995	$1.69	45d	1	0.83mi
7906 Bon Air Rd Parkville, MD	3.0	1.0	912	$2,200	$2.41	45d	1	0.83mi
1726 Yakona Rd Unit A Parkville, MD	3.0	1.0	1865	$1,400	$0.75	45d	1	0.89mi
1717 Northview Rd Parkville, MD	3.0	1.5	1260	$1,980	$1.57	6d	1	0.90mi
1644 Yakona Rd Towson, MD	3.0	2.0	1600	$2,500	$1.56	19d	1	1.07mi
1809 Glen Ridge Rd Towson, MD	3.0	1.5	1640	$2,100	$1.28	45d	1	1.07mi
7605 Hillendale Rd Parkville, MD	2.0	1.0	1050	$1,255	$1.20	45d	1	1.08mi
1929 Edgewood Rd Unit 1929 Towson, MD	3.0	2.0	1700	$2,350	$1.38	12d	1	1.08mi
8402 Greenway Rd Towson, MD	3.0	1.0	708	$1,600	$2.26	0d	28	1.09mi
23 Roger Valley Ct Parkville, MD	3.0	3.5	1678	$2,850	$1.70	6d	1	1.12mi
23 Roger Valley Ct Unit 1 Parkville, MD	3.0	4.0	1678	$2,850	$1.70	6d	1	1.12mi
1376 Halstead Rd Parkville, MD	3.0	1.0	1440	$2,400	$1.67	25d	1	1.12mi
9300 Carney Ave Unit A Parkville, MD	2.0	1.0	1392	$1,300	$0.93	45d	1	1.16mi
1621 Thetford Rd Towson, MD	3.0	1.5	1080	$2,350	$2.18	45d	1	1.16mi
8505 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,500	$1.58	19d	1	1.18mi
2219 Lowells Glen Rd Unit K Parkville, MD	2.0	2.0	1017	$1,650	$1.62	25d	1	1.19mi
8616 Pleasant Plains Rd Towson, MD	3.0	2.0	1580	$2,490	$1.58	16d	1	1.19mi
1612 Hardwick Rd Towson, MD	4.0	2.0	1275	$2,450	$1.92	4d	1	1.19mi
8339 Wyton Rd Towson, MD	4.0	2.0	1520	$2,534	$1.67	25d	1	1.20mi
1332 Deanwood Rd Parkville, MD	3.0	2.0	1046	$2,500	$2.39	46d	1	1.23mi

Listing history 7 events

1. 2026-06-16
   statusdays on market $189,000 Pending 1 DOM
2. 2026-06-15
   days on market $189,000 Coming Soon 9 DOM
3. 2026-06-13
   days on market $189,000 Coming Soon 7 DOM
4. 2026-06-09
   days on market $189,000 Coming Soon 3 DOM
5. 2026-06-08
   days on market $189,000 Coming Soon 2 DOM
6. 2026-06-07
   remarks 699-char remark
7. 2026-06-07
   listed $189,000 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: $1,467 · $122/mo
• Projected year-2 tax: $1,764 · $147/mo
• Expected delta: +$296/yr (+$25/mo · 20.2%)

ⓘ 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 2/10 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: $26,009
• − Mortgage interest: −$10,587
• − Property taxes: −$1,467
• − Insurance: −$945
• − Repairs & maintenance: −$2,081
• − Management: −$2,081
• − Depreciation: −$5,498
• Taxable income: $3,350
• Est. tax owed @ 24.0%: −$804
• After-tax cash flow: $5,437/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 — Parkville

• Score: 77/100
• State rank: #77
• US rank: #2839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkville, MD
• County: Baltimore County · 769,527 people
• City population: 66,334
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

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 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 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: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

1 event — show timeline

• 2026-06-06 Coming Soon $189,000 BRIGHT MLS

Property tax history

+1.5%/yr

Latest (2025): $1,467 · -42.7% YoY. Source: county tax records.