1017 Emmerick Dr · Joppatowne, MD 21085

$250,000

4 bd · 2.0 ba · 1,499 sqft · SingleFamily public records · 5 Days on market

Built 1963 9,148 sqft lot Est $336k · 26% 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 +23.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.3/10.0
• Livability +3.5/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * Multiple offers received, best & final offer deadline with no escalation clauses due by Tuesday, June 2 @ 9pm * * Welcome to this well-maintained solid brick 4-bedroom, 2 full bathroom home showcasing fresh neutral paint, updated carpet, an updated architectural shingle roof, oversized parking with a 3-car parking pad, and a 1-car attached garage complete with a dedicated workshop area. Step inside through the ceramic tile foyer into the light-filled family room highlighted by a stunning bow window that fills the space with natural light. The separate dining room features a ceiling fan and convenient access to the rear concrete patio, creating the perfect setup for entertaining

Key facts

• 9,148 sq ft lot
• Garage
• Built 1963

Property features AI

Exterior

• Parking: Front-entry attached garage (1 car) with inside access; Driveway space for 2 cars; Total of 3 parking spaces; On-street and off-street parking available
• Utilities: Public water; Public sewer
• Home design: Detached property; Architectural shingle / asphalt roof; Bay/bow windows; Slab foundation; Built (year estimated)
• Construction: Brick construction
• Exterior features: Patio; Sidewalks; Street lights; Shed

Interior

• Kitchen: Electric oven/range; Refrigerator
• Bedrooms: Two bedrooms on the main level; Two bedrooms on the upper level
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: Two full bathrooms (one on main level, one on upper level)
• Heating & cooling: Electric baseboard heating; Ceiling fan cooling (electric)
• Interior features: Ceiling fans; Dining area; Formal dining room; Traditional floor plan; Entry-level bedroom; Storm door(s)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $467 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Cap rate 8.5% vs local median 3.0% in Joppatowne — 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 70/100 on livability (#177 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A-; Watch: crime D+, schools D-, amenities F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 139 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 803 units permitted in Harford County in 2024 (26 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 $8k of value loss. Plan a longer hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y ago; this cycle's ask is 39% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $64k; list at $250k implies a 291% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $250,000

Questions for the listing agent

1. Built in 1963 — 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 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: 1.03% ✓
• Cap rate: 8.53%
• Cash-on-cash: 8.00%
• DSCR: 1.36
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $335,776
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
513 Eckhart Dr	0.05mi	4/2.0	1,499 (0%)	4mo	$355,000	$237	94
1028 Erwin Dr	0.17mi	4/2.0	1,431 (-4%)	2mo	$359,000	$251	83
503 Eckhart Dr	0.09mi	3/1.0 (-1)	1,422 (-5%)	4mo	$289,000	$203	75
819 Chatfield Rd	0.60mi	3/1.5 (-1)	1,482 (-1%)	3mo	$220,000	$148	61
509 Barksdale Rd	0.36mi	3/2.0 (-1)	1,394 (-7%)	10mo	$374,950	$269	58
1005 Mariner Rd	0.42mi	3/2.5 (-1)	1,580 (+5%)	10mo	$385,000	$244	56
207 Duryea Dr	0.71mi	3/1.5 (-1)	1,482 (-1%)	4mo	$358,500	$242	55
902 Joppa Farm Rd	0.69mi	3/2.0 (-1)	1,482 (-1%)	9mo	$290,000	$196	53
201 Contee Rd	0.74mi	3/1.5 (-1)	1,482 (-1%)	4mo	$231,000	$156	53
1008 Joppa Rd	0.19mi	3/3.0 (-1)	1,708 (+14%)	10mo	$252,500	$148	51
813 Ferguson Rd	0.75mi	5/1.0 (+1)	1,529 (+2%)	10mo	$329,000	$215	45
304 Barksdale Rd	0.62mi	3/1.5 (-1)	1,326 (-12%)	3mo	$297,000	$224	42

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: -4.1%
• Equity multiple: 0.85×
• Total profit: $-10,825
• Equity at exit: $37,276

10-year hold

• IRR: 5.5%
• Equity multiple: 1.41×
• Total profit: $28,647
• Equity at exit: $21,615

Cash invested: $70,000 (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 21085

• Active inventory: 139
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,586 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$160 /mo · $1,925/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $467

Break-even live

Break-even rent $1,994

Max offer price $250,000

Occupancy floor 77%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
416 Breslin Rd Joppa, MD	3.0	1.5	1471	$2,000	$1.36	43d	1	0.44mi
353 Tumblers Way Joppa, MD	4.0	3.5	1500	$2,900	$1.93	24d	1	0.46mi
1057 Flint CT Joppatowne, MD	3.0	2.5	1500	$2,775	$1.85	12d	1	0.47mi
311 Trimble Rd Joppatowne, MD	1.0–3.0	1.0	915	$1,879	$2.05	1d	36	0.63mi

Listing history 14 events

1. 2026-06-04
   status $250,000 Pending 5 DOM
2. 2026-06-03
   days on market $250,000 Active 5 DOM
3. 2026-06-02
   days on market $250,000 Active 4 DOM
4. 2026-06-02
   remarks 695-char remark
5. 2026-06-01
   days on market $250,000 Active 3 DOM
6. 2026-05-31
   days on market $250,000 Active 2 DOM
7. 2026-05-20
   historical $250,000
8. 2017-03-02
   historical Withdrawn
9. 2017-03-02
   historical
10. 2016-12-02
    price
11. 2016-09-21
    price
12. 2016-09-04
    listed Active
13. 2016-09-04
    listed $179,990
14. 1990-04-25
    soldstatus $64,000

ⓘ 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: $1,925 · $160/mo
• Projected year-2 tax: $2,325 · $194/mo
• Expected delta: +$400/yr (+$33/mo · 20.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,026
• − Mortgage interest: −$14,004
• − Property taxes: −$1,925
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,482
• − Management: −$2,482
• − Depreciation: −$7,273
• Taxable income: $1,610
• Est. tax owed @ 24.0%: −$386
• After-tax cash flow: $5,217/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: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

Livability — Joppatowne

• Score: 70/100
• State rank: #177
• US rank: #7885

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Joppatowne, MD
• County: Harford County · 198,512 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 17,307
• Household income: $113,714
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 357.0

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 16% Two or more races 4% Hispanic / Latino 4% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 2% Slovak 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -304.04%
• Current HPI: 231.5501
• Rent YoY: —
• 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

+290.6% since first listed

8 events — show timeline

• 2026-05-20 Coming Soon $250,000 BRIGHT MLS
• 2017-03-02 Listing Removed — BRIGHT MLS
• 2017-03-02 Delisted — MRIS
• 2016-12-02 Price Changed — MRIS
• 2016-09-21 Price Changed — MRIS
• 2016-09-04 Listed — MRIS
• 2016-09-04 Listed $179,990 BRIGHT MLS
• 1990-04-25 Sold (Public Records) $64,000 Public Records

Property tax history

+0.6%/yr

Latest (2019): $1,925 · -1.5% YoY. Source: county tax records.