1021 Fredonia Ct · Lansdowne, MD 21227

$140,000

3 bd · 1.5 ba · 1,668 sqft · SingleFamily public records · 2 Days on market

Built 1955 0.33 ac lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

INVESTORS! This 3 bedroom, 1.5 full bath home has a large addition and a end of group home with a very large yard. This home has had previous fire damage to the upper level. The home has been remediated, which walls were removed to studs but not finished on the upper level. ONLY accepting cash offers, will not pass financing. Professional pictures will be added on 6/16

Key facts

• Built 1955
• Listed 2 days

Property features AI

Finance

• Other: Annual ground rent listed under income/expense
• Financial info: Ground rent $90 annually; Ownership interest: ground rent

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric service for heating, cooling, and hot water
• Home design: Detached property; Above-grade finished area reported by assessor
• Construction: Brick, metal siding, and aluminum siding exterior materials; Slab foundation
• Exterior features: Ground rent exists (paid annually)

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: Two full bathrooms (one on main level, one on first upper level)
• Heating & cooling: 90% forced air heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: No basement; Living area reported by assessor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $624 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 11.6% vs local median 4.5% in Lansdowne — 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 66/100 on livability (#235 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A, housing A-; Watch: employment D, schools F, crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.2%/yr); 99 active listings in the ZIP; 5 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; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 1.2% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $35k; list at $140k implies a 301% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $140,000

Questions for the listing agent

1. Built in 1955 — 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 F-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: 1.45% ✓
• Cap rate: 11.64%
• Cash-on-cash: 19.11%
• DSCR: 1.85
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $358,620
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2935 Baltimore Ave	0.67mi	3/2.0	1,500 (-10%)	7mo	$330,000	$220	44
4424 Walnut Rd	0.26mi	4/2.5 (+1)	1,852 (+11%)	22mo	$405,000	$219	42
2913 Illinois Ave	0.71mi	4/2.0 (+1)	1,838 (+10%)	4mo	$367,500	$200	40
2813 Michigan Ave	0.59mi	4/3.0 (+1)	1,607 (-4%)	19mo	$372,000	$231	40
3504 Shenandoah Ave	0.74mi	3/2.0	1,438 (-14%)	3mo	$350,000	$243	38
2804 Ohio Ave	0.55mi	3/2.0	1,860 (+12%)	19mo	$344,000	$185	37
318 4th Ave	0.57mi	4/2.5 (+1)	1,456 (-13%)	11mo	$318,500	$219	34
2807 Alabama	0.63mi	3/2.5	1,824 (+9%)	21mo	$370,000	$203	34
2428 Zion Rd	0.74mi	3/2.0	1,804 (+8%)	20mo	$340,000	$188	33
2912 Illinois Ave	0.71mi	3/1.0	1,420 (-15%)	19mo	$305,000	$215	24
2829 Alabama Ave	0.69mi	4/1.5 (+1)	1,908 (+14%)	18mo	$310,000	$162	24

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 · 1.17% rent growth · sell at horizon

5-year hold

• IRR: 8.9%
• Equity multiple: 1.34×
• Total profit: $13,446
• Equity at exit: $20,874

10-year hold

• IRR: 16.5%
• Equity multiple: 2.24×
• Total profit: $48,554
• Equity at exit: $12,105

Cash invested: $39,200 (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 21227

• Rents YoY: 1.2%
• Active inventory: 99
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,028 high
• Mortgage (P&I): −$734
• Tax from tax record: −$185 /mo · $2,220/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $624

Break-even live

Break-even rent $1,237

Max offer price $140,000

Occupancy floor 64%

Sensitivity live

Price	-10% $704	-5% $664	+0% $624	+5% $585	+10% $545
Rent	-10% $464	-5% $544	+0% $624	+5% $704	+10% $784
Rate	-1.0pp $695	-0.5pp $660	base $624	+0.5pp $588	+1.0pp $551

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3167 Ryerson Cir Halethorpe, MD	3.0	1.5	1116	$1,995	$1.79	5d	1	0.39mi
3269 Ryerson Cir Halethorpe, MD	3.0	2.0	1303	$1,700	$1.30	10d	1	0.48mi
4369 Hollins Ferry Rd Halethorpe, MD	3.0	1.0	1152	$1,900	$1.65	44d	1	0.57mi
2713 Hammonds Ferry Rd Lansdowne, MD	3.0	2.0	1990	$1,950	$0.98	44d	1	0.93mi
3207 Bryant Ave Halethorpe, MD	3.0	2.0	1808	$2,350	$1.30	44d	1	1.14mi

Listing history 8 events

1. 2026-06-18
   days on market $140,000 Active 2 DOM
2. 2026-06-17
   statusdays on market $140,000 Active 1 DOM
3. 2026-06-16
   days on market $140,000 Coming Soon 7 DOM
4. 2026-06-15
   days on market $140,000 Coming Soon 6 DOM
5. 2026-06-13
   remarks 373-char remark
6. 2026-06-13
   days on market $140,000 Coming Soon 4 DOM
7. 2026-06-10
   remarks 371-char remark
8. 2026-06-10
   listed $140,000 Coming Soon 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: $2,220 · $185/mo
• Projected year-2 tax: $2,220 · $185/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 7/10 Severe 7 d/yr ≥103°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 · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,331
• − Mortgage interest: −$7,842
• − Property taxes: −$2,220
• − Insurance: −$700
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − Depreciation: −$4,073
• Taxable income: $5,603
• Est. tax owed @ 24.0%: −$1,345
• After-tax cash flow: $6,147/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: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Lansdowne

• Score: 66/100
• State rank: #235
• US rank: #11670

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansdowne, MD
• County: Baltimore County · 769,527 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,907
• Household income: $85,986
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 930.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 61% Black 16% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 13% · Canada, Philippines, China
• Languages at home: 83% English-only · Spanish 10% Other Asian/Pacific 2% Other Indo-European 2%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -294.07%
• Current HPI: 281.9628
• Rent YoY: ▲ 1.17%
• 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

+301.1% since first listed

2 events — show timeline

• 2026-06-09 Coming Soon $140,000 BRIGHT MLS
• 1979-07-27 Sold (Public Records) $34,900 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,220 · +5.7% YoY. Source: county tax records.