1073 Kings Rd · Pasadena, MD 21122

$230,000

3 bd · 1.0 ba · 1,020 sqft · Townhouse public records · 22 Days on market

Built 1973 4,356 sqft lot $225/sqft · 30% below area Est $329k · 30% under $11/mo HOA

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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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.5/10.0
• Livability +3.8/5.0
• Schools +2.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute and ready to go. .. .. . Sellers have installed new carpeting throughout. Spacious eat-in kitchen. Updated appliances, including brand new refrigerator. Front porch and fenced in back yard.

Key facts

• $11 HOA
• 4 parking spots
• Built 1973

Property features AI

Finance

• Other: Fee simple ownership; Not in a federal flood zone; Property listed condition: Below Average
• HOA & community: HOA fee $130 annually; HOA covers trash and common area maintenance; HOA amenities include common grounds

Exterior

• Parking: Driveway parking (4 spaces); Total of 4 garage/parking spaces
• Utilities: Public water; Public sewer; Municipal trash not provided
• Home design: Semi-detached property; Estimated year built, with major renovation in 2020; Building winterized
• Construction: Aluminum siding; Shingle roof; Slab foundation; Above-grade and below-grade structures
• Exterior features: Privacy fencing; Porch(es); Shed

Interior

• Bedrooms: 3 bedrooms on the main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Natural gas heating fuel; Central air conditioning; Ceiling fans; Electric hot water
• Interior features: Level entry to main floor; No basement
• Laundry & utility: Laundry on the main floor

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 $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $230k).
• Recommended offer: $227k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 4.1% in Pasadena — 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 75/100 on livability (#100 in MD, #3,887 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, commute A-; Watch: crime D+, amenities F, cost of living 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: Northeast High (math 24% / reading 57%, grade F, #130 of 222 statewide, top 58%, 1,390 students, 44% FRL) — zoned schools average 44% FRL vs 25% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 28% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Anne Arundel County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents flat; 254 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).

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.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago; this cycle's ask has dropped $65k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 59% 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 $226,550 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 9.04%
• Cash-on-cash: 9.80%
• DSCR: 1.44
• GRM: 7.2

CMA / ARV

• ARV (median comp): $328,629
• List price: $230,000
• Delta: -30.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7730 Notley Rd	0.17mi	3/1.0	1,020 (0%)	5mo	$337,500	$331	88
1091 Notley Ct	0.19mi	3/1.0	1,020 (0%)	5mo	$305,000	$299	87
1088 Notley Ct	0.20mi	3/1.0	1,020 (0%)	11mo	$330,000	$324	81
7728 Notley Rd	0.16mi	3/1.0	1,020 (0%)	13mo	$350,000	$343	81
7717 Notley Rd	0.10mi	3/1.0	1,020 (0%)	20mo	$320,000	$314	78
7747 Notley Rd	0.31mi	3/1.0	1,020 (0%)	12mo	$315,000	$309	75
1095 Woodlawn Ave	0.33mi	3/1.0	1,020 (0%)	14mo	$330,000	$324	73

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 · 0.76% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-9,580
• Equity at exit: $34,294

10-year hold

• IRR: 2.9%
• Equity multiple: 1.19×
• Total profit: $12,000
• Equity at exit: $19,886

Cash invested: $64,400 (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 21122

• Rents YoY: 0.8%
• Active inventory: 254
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,648 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$253 /mo · $3,032/yr
• Insurance: −$96
• HOA: −$11
• Vacancy / Maint / Mgmt: −$556
• Net cashflow: $526

Break-even live

Break-even rent $1,982

Max offer price $230,000

Occupancy floor 75%

Sensitivity live

Price	-10% $656	-5% $591	+0% $526	+5% $461	+10% $396
Rent	-10% $317	-5% $421	+0% $526	+5% $631	+10% $735
Rate	-1.0pp $642	-0.5pp $585	base $526	+0.5pp $466	+1.0pp $406

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 12th St Pasadena, MD	3.0	2.5	1100	$2,750	$2.50	44d	1	0.49mi
959 Mount Desert Harbour Pasadena, MD	3.0	1.5	1400	$2,600	$1.86	24d	1	0.63mi
765 202nd St Pasadena, MD	3.0	1.0	1200	$2,300	$1.92	14d	1	0.80mi
7707 Warsaw Ave Glen Burnie, MD	3.0	1.0	924	$2,400	$2.60	12d	1	0.83mi
3630 Saltwood Gln Pasadena, MD	2.0	2.0	960	$2,339	$2.44	3d	1	0.99mi
7810 East Rd Pasadena, MD	2.0	2.0	832	$2,500	$3.00	44d	1	1.08mi
8036 Abbey Ct Unit J Pasadena, MD	2.0	1.0	924	$1,850	$2.00	12d	1	1.22mi
3581 Brickwall Ln Pasadena, MD	3.0	1.0	1060	$2,200	$2.08	5d	1	1.38mi
212 Mulberry Ridge Ct Pasadena, MD	3.0	3.5	1335	$2,595	$1.94	5d	1	1.47mi

HOA detail

• Monthly dues: $11 · $132/yr

Listing history 19 events

1. 2026-06-15
   pricestatusdays on market $230,000 Pending 22 DOM
2. 2026-06-04
   status $275,000 Active Under Contract 21 DOM
3. 2026-05-15
   price $275,000 995-char remark
4. 2026-05-06
   listed $295,000 Active 995-char remark
5. 2026-04-28
   price $295,000 995-char remark
6. 2026-04-26
   historical $340,000 995-char remark
7. 2019-05-03
   soldstatus $215,000 Closed 194-char remark

   Show marketing remark (194 chars)

   Cute and ready to go. .. .. . Sellers have installed new carpeting throughout. Spacious eat-in kitchen. Updated appliances, including brand new refrigerator. Front porch and fenced in back yard.

8. 2019-03-29
   status Pending 194-char remark

   Show marketing remark (194 chars)

   Cute and ready to go. .. .. . Sellers have installed new carpeting throughout. Spacious eat-in kitchen. Updated appliances, including brand new refrigerator. Front porch and fenced in back yard.

9. 2019-03-23
   listed $212,990 Active 194-char remark

   Show marketing remark (194 chars)

   Cute and ready to go. .. .. . Sellers have installed new carpeting throughout. Spacious eat-in kitchen. Updated appliances, including brand new refrigerator. Front porch and fenced in back yard.

10. 2006-02-16
    soldstatus $217,500
11. 2006-01-30
    soldstatus $217,500

    Show marketing remark (343 chars)

    Enjoy cozy times in your LR with your wood-stove FP during these chilly winter months. Very nice home with spacious eat-in kitchen. Nice-size lot, beautiful new doors, chair rails, freshly painted interior, updated bath, new light fixtures. Move-in condition and ready for your personal touches. Lockbox on side gate. Excellent price for AACO.

12. 2006-01-13
    historical

    Show marketing remark (343 chars)

    Enjoy cozy times in your LR with your wood-stove FP during these chilly winter months. Very nice home with spacious eat-in kitchen. Nice-size lot, beautiful new doors, chair rails, freshly painted interior, updated bath, new light fixtures. Move-in condition and ready for your personal touches. Lockbox on side gate. Excellent price for AACO.

13. 2005-09-14
    listed $217,500

    Show marketing remark (343 chars)

    Enjoy cozy times in your LR with your wood-stove FP during these chilly winter months. Very nice home with spacious eat-in kitchen. Nice-size lot, beautiful new doors, chair rails, freshly painted interior, updated bath, new light fixtures. Move-in condition and ready for your personal touches. Lockbox on side gate. Excellent price for AACO.

14. 2005-03-09
    soldstatus $175,000
15. 2005-02-25
    soldstatus $175,000
16. 2005-02-01
    historical
17. 2005-01-04
    listed $175,000
18. 1988-12-14
    soldstatus $74,500
19. 1986-01-23
    soldstatus $61,900

ⓘ 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: $3,032 · $253/mo
• Projected year-2 tax: $3,032 · $253/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 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,772
• − Mortgage interest: −$12,884
• − Property taxes: −$3,032
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,542
• − Management: −$2,542
• − HOA: −$132
• − Depreciation: −$6,691
• Taxable income: $2,800
• Est. tax owed @ 24.0%: −$672
• After-tax cash flow: $5,640/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 — Pasadena

• Score: 75/100
• State rank: #100
• US rank: #3887

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena, MD
• County: Anne Arundel County · 535,653 people
• City population: 61,566
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 61,566
• Household income: $127,587
• Rent vs Own: 13.4% rent · 86.6% own
• Severe rent burden: 791.0

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: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 7% Black 7% Hispanic / Latino 5% Asian 2%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 93% English-only · Spanish 3% Other Indo-European 1% Chinese 0%

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: ▼ -401.00%
• Current HPI: 283.1566
• Rent YoY: ▲ 0.76%
• 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

+271.6% since first listed

25 events — show timeline

• 2026-06-14 Pending — BRIGHT MLS
• 2026-06-13 Listing Removed — BRIGHT MLS
• 2026-06-13 Price Changed $230,000 BRIGHT MLS
• 2026-06-12 Price Changed $225,000 BRIGHT MLS
• 2026-06-12 Relisted — BRIGHT MLS
• 2026-06-11 Listing Removed — BRIGHT MLS
• 2026-06-03 Relisted — BRIGHT MLS
• 2026-05-26 Listing Removed — BRIGHT MLS
• 2026-05-15 Price Changed $275,000 BRIGHT MLS
• 2026-05-06 Listed $295,000 BRIGHT MLS
• 2026-04-28 Price Changed $295,000 BRIGHT MLS
• 2026-04-26 Coming Soon $340,000 BRIGHT MLS
• 2019-05-03 Sold (MLS) $215,000 BRIGHT MLS
• 2019-03-29 Pending — BRIGHT MLS
• 2019-03-23 Listed $212,990 BRIGHT MLS
• 2006-02-16 Sold (Public Records) $217,500 Public Records
• 2006-01-30 Sold (MLS) $217,500 MRIS
• 2006-01-13 Delisted — MRIS
• 2005-09-14 Listed $217,500 MRIS
• 2005-03-09 Sold (Public Records) $175,000 Public Records
• 2005-02-25 Sold (MLS) $175,000 MRIS
• 2005-02-01 Delisted — MRIS
• 2005-01-04 Listed $175,000 MRIS
• 1988-12-14 Sold (Public Records) $74,500 Public Records
• 1986-01-23 Sold (Public Records) $61,900 Public Records

Property tax history

+5.4%/yr

Latest (2025): $3,032 · +7.2% YoY. Source: county tax records.