3039 Ebbtide Dr · Edgewood, MD 21040

$210,000

3 bd · 2.0 ba · 1,326 sqft · SingleFamily public records · 1 Days on market

Built 1978 6,969 sqft lot Est $304k · 31% 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 +6.3/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Exceptional opportunity for homeowners, renovators, or investors alike. The current owners have already invested significant time and expense into many of the home's most important exterior and infrastructure improvements, creating a solid foundation for its next chapter. With the costly exterior updates already completed, the interior presents a blank canvas ready to be transformed into a dream home or income-producing rental property. // Charming split-foyer single-family residence offering 3 bedrooms, 2 bathrooms, and 884 square feet in desirable Harbour Oaks, being sold strictly as-is. Major recent improvements include an architectural roof with a solar-powered exhaust fan (2025), sidin

Key facts

• Architectural roof
• Upgraded insulation
• 6,969 sq ft lot

Tags

• ARCHITECTURAL ROOF
• SOLAR-POWERED EXHAUST FAN
• UPGRADED INSULATION
• REPLACEMENT OF WINDOWS
• MAIN-LEVEL SLIDING GLASS DOOR
• UPDATED ELECTRICAL PANEL

Property features AI

Exterior

• Parking: Asphalt driveway; Driveway parking (2 spaces); On-street parking; Two total garage/parking spaces
• Utilities: Public water; Public sewer; Electric heating and hot water; Electric-powered cooling
• Home design: Detached property; Architectural shingle roof; Double-pane windows; Construction: Brick, mixed materials, and vinyl siding; Fee simple ownership
• Construction: Brick and vinyl siding with mixed materials; Architectural shingle roof; Other foundation
• Exterior features: Deck(s); Patio(s); Exterior lighting; Sidewalks; Chain link fencing; Backs to trees; Front yard; Rear yard; Shed

Interior

• Kitchen: Microwave; Refrigerator; Stove; Extra refrigerator/freezer
• Bedrooms: Two main-level bedrooms; One lower-level bedroom
• Flooring: Carpet; Vinyl
• Bathrooms: One full bath on the main level; One full bath on the lower level (total 2 full baths)
• Heating & cooling: Electric baseboard heating; Central air conditioning; Ceiling fans
• Interior features: Kitchen efficiency layout; Dry wall throughout; Partially finished basement; Brick fireplace
• Laundry & utility: Washer; Electric dryer; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $572 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Cap rate 9.6% vs local median 5.5% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities D, crime 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.
• Zoned schools: Deerfield Elementary (math 7% / reading 17%, grade F, #550 of 860 statewide, top 66%, 728 students, 78% FRL); Edgewood Middle (math 7% / reading 31%, grade F, #155 of 225 statewide, top 70%, 999 students, 72% FRL); Edgewood High (math 43% / reading 54%, grade D, #111 of 222 statewide, top 50%, 1,415 students, 62% FRL) — zoned schools average 71% FRL vs 24% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.9%/yr); 94 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).
• This rent runs 35% of the median local income ($82k/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.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $59k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $93k; list at $210k implies a 126% 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 $210,000

Questions for the listing agent

1. Built in 1978 — 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: 1.13% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.68%
• DSCR: 1.52
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $303,654
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
341 Winterberry Dr	0.27mi	3/1.5	1,304 (-2%)	10mo	$295,000	$226	74
606 Harbour Oak Dr	0.10mi	3/1.5	1,496 (+13%)	2mo	$300,000	$201	70
3151 Ebbtide Dr	0.35mi	2/1.0 (-1)	1,308 (-1%)	3mo	$328,000	$251	70
126 Laburnum Rd	0.54mi	3/1.5	1,304 (-2%)	5mo	$285,000	$219	66
3048 Ebbtide Dr	0.06mi	4/2.5 (+1)	1,496 (+13%)	5mo	$354,900	$237	65
600 Harbour Oak Dr	0.08mi	3/1.5	1,496 (+13%)	14mo	$326,500	$218	61
3430 Albantowne Way	0.63mi	3/2.5	1,300 (-2%)	7mo	$339,900	$261	60
3011 Ebbtide Dr	0.12mi	4/2.5 (+1)	1,496 (+13%)	11mo	$340,000	$227	57
3472 Albantowne Way	0.72mi	3/2.0	1,249 (-6%)	4mo	$280,000	$224	54
630 Sequoia Dr	0.73mi	3/1.5	1,144 (-14%)	1mo	$307,000	$268	41
501 Arbor Ct	0.66mi	4/1.5 (+1)	1,144 (-14%)	3mo	$315,000	$275	37
3467 Albantowne Way	0.74mi	4/2.0 (+1)	1,469 (+11%)	12mo	$336,500	$229	32

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 3.0%
• Equity multiple: 1.12×
• Total profit: $7,025
• Equity at exit: $31,312

10-year hold

• IRR: 14.2%
• Equity multiple: 2.24×
• Total profit: $72,698
• Equity at exit: $18,157

Cash invested: $58,800 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 94
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,366 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$108 /mo · $1,295/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$497
• Net cashflow: $572

Break-even live

Break-even rent $1,641

Max offer price $210,000

Occupancy floor 71%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2816 Profitt Path Edgewood, MD	4.0	3.0	1660	$2,900	$1.75	44d	1	0.21mi
313 Winterberry Dr Edgewood, MD	3.0	2.5	1798	$2,095	$1.17	20d	1	0.32mi
3184 Ebbtide Dr Edgewood, MD	3.0	3.0	1224	$2,600	$2.12	20d	1	0.46mi
3184 Ebbtide Dr Edgewood, MD	3.0	3.0	1224	$2,600	$2.12	44d	1	0.46mi
619 Hartwood Ln Edgewood, MD	4.0	1.5	1716	$2,300	$1.34	44d	1	0.61mi
8 Lasonia Ct Edgewood, MD	3.0	3.0	1468	$2,224	$1.51	15d	1	0.72mi
1046 Agate Dr Unit 1 Edgewood, MD	4.0	2.5	1440	$2,150	$1.49	18d	1	0.89mi
2828 Beckon Dr Edgewood, MD	3.0	2.5	1764	$2,300	$1.30	44d	1	0.93mi
2842 Beckon Dr Unit 1 Edgewood, MD	4.0	1.5	1296	$2,100	$1.62	44d	1	0.93mi
2120 Cedar Dr Apt F Edgewood, MD	3.0	1.5	1000	$1,295	$1.29	44d	1	1.17mi

Listing history 2 events

1. 2026-06-18
   remarks 699-char remark
2. 2026-06-18
   listed $210,000 Active 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: $1,295 · $108/mo
• Projected year-2 tax: $1,792 · $149/mo
• Expected delta: +$497/yr (+$41/mo · 38.4%)

ⓘ 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 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 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,391
• − Mortgage interest: −$11,763
• − Property taxes: −$1,295
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,271
• − Management: −$2,271
• − Depreciation: −$6,109
• Taxable income: $3,631
• Est. tax owed @ 24.0%: −$871
• After-tax cash flow: $5,997/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 — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 198,512 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 859.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

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: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• 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

+125.8% since first listed

2 events — show timeline

• 2026-06-18 Listed $210,000 BRIGHT MLS
• 1989-10-31 Sold (Public Records) $93,000 Public Records

Property tax history

-2.4%/yr

Latest (2025): $1,295 · -38.7% YoY. Source: county tax records.