411 Clover Ct · Taneytown, MD 21787

$174,000

3 bd · 1.0 ba · 1,152 sqft · Townhouse public records · 120 Days on market

Built 1978 2,869 sqft lot $151/sqft · 18% below area Est $212k · 18% under

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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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.4/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks with this 3‑bedroom, 1‑bath interior townhouse located in an established Taneytown community. Built in 1978, this property is perfect for investors or owner occupants and ideal for buyers looking for their next project. The home offers a functional floor plan with three bedrooms on the upper level and main‑level living space that can be modernized. The rear of the home provides room for a future patio or outdoor improvement, adding additional value potential. This property presents a strong value‑add opportunity for renovation and resale, rental hold, or long‑term investment. Comparable renovated townhomes in the area support upside for the right buyer.

Key facts

• Interior townhouse
• Future patio
• Built 1978

Tags

• INTERIOR TOWNHOUSE
• FUNCTIONAL FLOOR PLAN
• FUTURE PATIO
• VALUE ADD OPPORTUNITY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $174k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $174k).
• Recommended offer: $158k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 1.8% in Taneytown — 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 71/100 on livability (#149 in MD) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, employment A-; Watch: schools C-, crime D+, amenities F.
• Carroll County Public Schools (suburban): math 32% / reading 47% proficiency, ranked #2 of 24 in MD (top 8%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 55 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 156 units permitted in Carroll County in 2024 (12 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 $5k of value loss. Plan a longer hold.
• Carroll County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,340 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D 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?
6. 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.
7. 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.
8. 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: 1.04% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 8.0

CMA / ARV

• ARV (median comp): $212,044
• List price: $174,000
• Delta: -17.94%
• 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
423 Clover Ct	0.02mi	3/—	1,152 (0%)	3mo	$230,000	$200	97
526 Daisy Dr	0.15mi	3/1.5	1,152 (0%)	1mo	$220,000	$191	90
404 Red Tulip Ct	0.17mi	3/1.5	1,152 (0%)	0mo	$230,000	$200	90
417 Red Tulip Ct	0.14mi	3/1.5	1,160 (+1%)	2mo	$229,900	$198	89
505 Chestnut Ct	0.12mi	3/1.5	1,152 (0%)	7mo	$212,000	$184	86
443 Red Tulip Ct	0.12mi	3/1.5	1,152 (0%)	10mo	$228,000	$198	84
6 Courtland St	0.24mi	2/1.0 (-1)	1,152 (0%)	10mo	$214,000	$186	76
3 Courtland St	0.24mi	2/1.0 (-1)	1,208 (+5%)	3mo	$216,000	$179	73
149 Grand Dr	0.56mi	3/1.5	1,188 (+3%)	7mo	$200,000	$168	61
105 Carnival Dr	0.57mi	3/1.5	1,032 (-10%)	5mo	$225,000	$218	50
113 Grand Dr	0.53mi	3/1.5	1,032 (-10%)	11mo	$202,000	$196	47
138 Grand Dr	0.52mi	3/1.5	1,305 (+13%)	7mo	$227,000	$174	46

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.77×
• Total profit: $-11,392
• Equity at exit: $25,944

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $11,725
• Equity at exit: $15,044

Cash invested: $48,720 (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 21787

• Home prices YoY: -34.0%
• Active inventory: 55
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,806 medium
• Mortgage (P&I): −$912
• Tax from tax record: −$178 /mo · $2,137/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $264

Break-even live

Break-even rent $1,472

Max offer price $174,000

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: $43,500
• Closing costs: $5,220
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3 Courtland St Unit 3 Taneytown, MD	2.0	1.0	1208	$1,900	$1.57	3d	1	0.25mi
104 Grand Dr Taneytown, MD	2.0	1.0	848	$1,286	$1.52	1d	1	0.52mi
75 Grand Dr Taneytown, MD	3.0	1.5	1032	$1,850	$1.79	18d	1	0.53mi
13 Bristoe Station Rd Taneytown, MD	3.0	2.5	1307	$2,195	$1.68	12d	1	1.14mi

Listing history 17 events

1. 2026-06-18
   days on market $174,000 Active 120 DOM
2. 2026-06-17
   days on market $174,000 Active 119 DOM
3. 2026-06-16
   days on market $174,000 Active 118 DOM
4. 2026-06-15
   days on market $174,000 Active 117 DOM
5. 2026-06-13
   days on market $174,000 Active 115 DOM
6. 2026-06-09
   days on market $174,000 Active 111 DOM
7. 2026-06-08
   days on market $174,000 Active 110 DOM
8. 2026-06-07
   days on market $174,000 Active 109 DOM
9. 2026-06-04
   days on market $174,000 Active 106 DOM
10. 2026-06-03
    days on market $174,000 Active 105 DOM
11. 2026-06-02
    days on market $174,000 Active 104 DOM
12. 2026-06-01
    days on market $174,000 Active 103 DOM
13. 2026-05-31
    days on market $174,000 Active 102 DOM
14. 2026-04-01
    price $174,000 680-char remark

    Show marketing remark (680 chars)

    Opportunity knocks with this 3‑bedroom, 1‑bath interior townhouse located in an established Taneytown community. Built in 1978, this property is perfect for investors or owner occupants and ideal for buyers looking for their next project. The home offers a functional floor plan with three bedrooms on the upper level and main‑level living space that can be modernized. The rear of the home provides room for a future patio or outdoor improvement, adding additional value potential. This property presents a strong value‑add opportunity for renovation and resale, rental hold, or long‑term investment. Comparable renovated townhomes in the area support upside for the right buyer.

15. 2026-02-18
    listed $175,000 Active 680-char remark

    Show marketing remark (680 chars)

    Opportunity knocks with this 3‑bedroom, 1‑bath interior townhouse located in an established Taneytown community. Built in 1978, this property is perfect for investors or owner occupants and ideal for buyers looking for their next project. The home offers a functional floor plan with three bedrooms on the upper level and main‑level living space that can be modernized. The rear of the home provides room for a future patio or outdoor improvement, adding additional value potential. This property presents a strong value‑add opportunity for renovation and resale, rental hold, or long‑term investment. Comparable renovated townhomes in the area support upside for the right buyer.

16. 2026-02-17
    historical
17. 2026-01-07
    listed $175,000 Active

ⓘ 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: $2,137 · $178/mo
• Projected year-2 tax: $2,137 · $178/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 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,673
• − Mortgage interest: −$9,747
• − Property taxes: −$2,137
• − Insurance: −$870
• − Repairs & maintenance: −$1,734
• − Management: −$1,734
• − Depreciation: −$5,062
• Taxable income: $390
• Est. tax owed @ 24.0%: −$94
• After-tax cash flow: $3,072/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: Carroll County Public Schools
• NCES district ID: 2400210
• Math proficiency: 32% ▼ -25.00%
• Reading proficiency: 47% ▼ -16.00%
• Median HH income: $84,594
• Composite: 37.33/100
• National rank: #4441
• State rank: #2 of 24 in MD

Livability — Taneytown

• Score: 71/100
• State rank: #149
• US rank: #6550

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taneytown, MD
• Population (ZIP): 11,549

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 169,677 people
• By 2030: 169,605 · +-0.0%
• By 2040: 166,205 · -2.0%
• By 2050: 158,312 · -6.7%
• By 2075: 143,013 · -15.7%
• By 2100: 122,431 · -27.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 5% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 1% Slovak 1% Hispanic 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Carroll

• 2024 margin: Strong R (+24.9) · D 36.2% · R 61.2% · Other 2.6%
• 2008→2024 swing: +6.2pp toward D · 2008: -31.2pp · 2024: -24.9pp
• All cycles: 2024: R+24.9 2020: R+23.7 2016: R+36.9 2012: R+34.0 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.27%
• Current HPI: 257.2289
• Rent YoY: —
• Metro: —
• 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

-0.6% since first listed

4 events — show timeline

• 2026-04-01 Price Changed $174,000 BRIGHT MLS
• 2026-02-18 Listed $175,000 BRIGHT MLS
• 2026-02-17 Listing Removed — BRIGHT MLS
• 2026-01-07 Listed $175,000 BRIGHT MLS

Property tax history

+2.1%/yr

Latest (2025): $2,137 · +5.8% YoY. Source: county tax records.