727 Delmar Ave · Glen Burnie, MD 21061

$290,000

3 bd · 1.5 ba · 1,612 sqft · SingleFamily public records · 5 Days on market

Built 1956 7,257 sqft lot Est $430k · 33% 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 +15.0/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• 1% rule +3.6/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

OLDE G. B. NEIGHBORHOOD, NEW SIDEWALKS FOR WALK TO SCHOOL OR STROLLING. LARGE LIVING ROOM TO HOLD YOUR BIG SCREEN TV PLUS FAMILYROOM OFF KITCHEN WIH LOTS OF WINDOWS. 3LEVEL SPLIT HAS CRAWL SPACE FOR STORAGE. 1 CAR GARAGE. FRESH PAINT THROUGH-OUT.

Key facts

• Large family room
• Separate dining room
• Close to baltimore

Tags

• SEPARATE DINING ROOM
• LARGE FAMILY ROOM
• SUNROOM ADDITION
• CLOSE TO BWI
• CLOSE TO BALTIMORE
• CLOSE TO ANNAPOLIS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/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 $250k (13.9% below list).
• Recommended offer: $250k (13.9% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.4% in Glen Burnie — 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 72/100 on livability (#135 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: cost of living C-, crime F, amenities F.
• Anne Arundel County Public Schools (suburban): math 20% / reading 37% proficiency, ranked #10 of 24 in MD (top 42%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Monarch Global Academy Pcs Laurel Campus (math 13% / reading 28%, grade F, #341 of 860 statewide, top 40%, 830 students, 53% FRL); Corkran Middle School (math 5% / reading 28%, grade F, #174 of 225 statewide, top 81%, 644 students, 68% FRL); Glen Burnie High (math 24% / reading 56%, grade F, #131 of 222 statewide, top 60%, 2,324 students, 61% FRL) — zoned schools average 60% FRL vs 25% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.9%/yr); 142 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).
• This rent runs 34% of the median local income ($88k/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 $9k of value loss. Plan a longer hold.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $249,701 (13.9% below list)

Questions for the listing agent

1. Built in 1956 — 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 D-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: 0.86% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.35%
• DSCR: 1.06
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $430,404
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
727 Delmar Ave	0.00mi	3/2.0	1,612 (0%)	0mo	$299,250	$186	98
716 Delmar Ave	0.06mi	4/2.0 (+1)	1,472 (-9%)	4mo	$425,000	$289	72
1210 Cathedral Dr	0.54mi	4/1.0 (+1)	1,627 (+1%)	1mo	$335,000	$206	65
312 SW Pershing Ave	0.58mi	3/2.0	1,558 (-3%)	0mo	$390,000	$250	65
600 Oakwood Rd	0.32mi	3/2.0	1,406 (-13%)	1mo	$405,000	$288	61
303 Oxford Dr	0.37mi	4/2.0 (+1)	1,440 (-11%)	2mo	$400,000	$278	56
214 Saint James Dr	0.48mi	4/2.5 (+1)	1,732 (+7%)	1mo	$462,000	$267	55
208 Gloucester Dr	0.39mi	3/2.0	1,849 (+15%)	1mo	$340,000	$184	55
538 Elizabeth Ln	0.64mi	3/1.0	1,466 (-9%)	1mo	$332,500	$227	52
558 Elizabeth Ln	0.60mi	3/1.5	1,386 (-14%)	3mo	$375,000	$271	46
103 4th Ave SE	0.43mi	4/2.5 (+1)	1,416 (-12%)	5mo	$380,000	$268	46
301 Whitman Ct	0.65mi	3/3.0	1,827 (+13%)	4mo	$385,000	$211	38

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 · 3.87% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.52×
• Total profit: $-39,019
• Equity at exit: $43,240

10-year hold

• IRR: -3.1%
• Equity multiple: 0.79×
• Total profit: $-17,445
• Equity at exit: $25,074

Cash invested: $81,200 (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 21061

• Rents YoY: 3.9%
• Active inventory: 142
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,497 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$240 /mo · $2,878/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $91

Break-even live

Break-even rent $2,382

Max offer price $290,000

Occupancy floor 91%

Sensitivity live

Price	-10% $255	-5% $173	+0% $91	+5% $9	+10% $-73
Rent	-10% $-106	-5% $-7	+0% $91	+5% $190	+10% $288
Rate	-1.0pp $237	-0.5pp $165	base $91	+0.5pp $16	+1.0pp $-60

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 Heather Stone Way Glen Burnie, MD	3.0	2.5	1400	$2,295	$1.64	45d	1	0.13mi
547 Munroe Cir Glen Burnie, MD	3.0	2.0	1130	$2,750	$2.43	45d	1	0.18mi
406 N St SE Glen Burnie, MD	3.0	2.0	1840	$2,900	$1.58	25d	1	0.37mi
104 Lincoln Ave SW Unit C Glen Burnie, MD	2.0	1.0	1200	$1,950	$1.62	25d	1	0.46mi
1229 Crawford Dr Glen Burnie, MD	3.0	2.0	1656	$2,950	$1.78	25d	1	0.60mi
510 Dogwood Dr Glen Burnie, MD	4.0	2.5	2100	$2,850	$1.36	18d	1	0.75mi
7802 Five Oaks Ct Glen Burnie, MD	3.0	3.0	2200	$2,995	$1.36	25d	1	0.83mi
124 Louise Ter Glen Burnie, MD	4.0	2.0	1848	$2,300	$1.24	45d	1	0.92mi
600 Marlboro Rd Glen Burnie, MD	4.0	1.0	1344	$2,850	$2.12	45d	1	0.98mi
1 Brownshade Dr Glen Burnie, MD	3.0	1.0	2085	$2,900	$1.39	25d	1	1.04mi
554 West Ct Glen Burnie, MD	2.0	2.0	1120	$1,950	$1.74	13d	1	1.33mi
544 Glen Ct Unit 31D Glen Burnie, MD	3.0	1.0	1056	$2,395	$2.27	25d	1	1.37mi
442 Queenstown Rd Severn, MD	4.0	2.5	1680	$4,000	$2.38	45d	1	1.40mi
142 Alview Ter Glen Burnie, MD	4.0	1.0	1101	$2,100	$1.91	13d	1	1.50mi

Listing history 6 events

1. 2026-04-28
   status Pending
2. 2026-04-23
   listed $290,000 Active
3. 2006-03-15
   soldstatus $290,000
4. 2006-02-24
   soldstatus $290,000 246-char remark

   Show marketing remark (246 chars)

   OLDE G. B. NEIGHBORHOOD, NEW SIDEWALKS FOR WALK TO SCHOOL OR STROLLING. LARGE LIVING ROOM TO HOLD YOUR BIG SCREEN TV PLUS FAMILYROOM OFF KITCHEN WIH LOTS OF WINDOWS. 3LEVEL SPLIT HAS CRAWL SPACE FOR STORAGE. 1 CAR GARAGE. FRESH PAINT THROUGH-OUT.

5. 2006-02-03
   historical 246-char remark

   Show marketing remark (246 chars)

   OLDE G. B. NEIGHBORHOOD, NEW SIDEWALKS FOR WALK TO SCHOOL OR STROLLING. LARGE LIVING ROOM TO HOLD YOUR BIG SCREEN TV PLUS FAMILYROOM OFF KITCHEN WIH LOTS OF WINDOWS. 3LEVEL SPLIT HAS CRAWL SPACE FOR STORAGE. 1 CAR GARAGE. FRESH PAINT THROUGH-OUT.

6. 2005-12-06
   listed $290,000 246-char remark

   Show marketing remark (246 chars)

   OLDE G. B. NEIGHBORHOOD, NEW SIDEWALKS FOR WALK TO SCHOOL OR STROLLING. LARGE LIVING ROOM TO HOLD YOUR BIG SCREEN TV PLUS FAMILYROOM OFF KITCHEN WIH LOTS OF WINDOWS. 3LEVEL SPLIT HAS CRAWL SPACE FOR STORAGE. 1 CAR GARAGE. FRESH PAINT THROUGH-OUT.

ⓘ 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: $2,878 · $240/mo
• Projected year-2 tax: $3,020 · $252/mo
• Expected delta: +$141/yr (+$12/mo · 4.9%)

ⓘ 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 8/10 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: $29,964
• − Mortgage interest: −$16,245
• − Property taxes: −$2,878
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,397
• − Management: −$2,397
• − Depreciation: −$8,436
• Taxable loss: −$3,839
• Est. tax savings @ 24.0%: +$921
• After-tax cash flow: $2,015/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: Anne Arundel County Public Schools
• NCES district ID: 2400060
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $87,880
• Composite: 28.52/100
• National rank: #6733
• State rank: #10 of 24 in MD

Livability — Glen Burnie

• Score: 72/100
• State rank: #135
• US rank: #5815

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glen Burnie, MD
• County: Anne Arundel County · 535,653 people
• City population: 96,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 57,230
• Household income: $87,751
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 2134.0

Population outlook (Anne Arundel County) Hauer SSP2

• Today (2025): 617,384 people
• By 2030: 642,094 · +4.0%
• By 2040: 686,621 · +11.2%
• By 2050: 723,031 · +17.1%
• By 2075: 809,346 · +31.1%
• By 2100: 837,658 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 50% Black 26% Hispanic / Latino 11% Two or more races 10% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 12% · Canada, Dominican Republic
• Languages at home: 84% English-only · Spanish 9% Tagalog/Filipino 2% Other Indo-European 2%

Political lean MEDSL · Anne Arundel

• 2024 margin: D (+13.9) · D 55.7% · R 41.7% · Other 2.6%
• 2008→2024 swing: +15.7pp toward D · 2008: -1.8pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+14.5 2016: D+0.7 2012: R+0.9 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -341.00%
• Current HPI: 300.196
• Rent YoY: ▲ 3.87%
• 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

+0.0% since first listed

6 events — show timeline

• 2026-04-28 Pending — BRIGHT MLS
• 2026-04-23 Listed $290,000 BRIGHT MLS
• 2006-03-15 Sold (Public Records) $290,000 Public Records
• 2006-02-24 Sold (MLS) $290,000 MRIS
• 2006-02-03 Delisted — MRIS
• 2005-12-06 Listed $290,000 MRIS

Property tax history

+2.9%/yr

Latest (2025): $2,878 · +2.3% YoY. Source: county tax records.