932 1st St · Brooklyn Park, MD 21225

$150,000

5 bd · 2.0 ba · 1,304 sqft · Townhouse public records · 16 Days on market

Built 1948 1,800 sqft lot $115/sqft · 27% below area Est $215k · 30% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

You have found one of the best deals in all of Anne Arundel County. This 3 level townhome features 5 bedrooms (3 on the top floor and 2 on the main floor) Kitchen is in the basement and parking is on the street and out back. The home is being sold AS-IS but is ready for your finishing touches.

Key facts

• Built 1948
• Listed 15 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Ownership is fee simple
• Construction: Brick construction; Foundation: Other/unspecified; Finished area above grade and below grade reported (estimated); Total below-grade area reported
• Exterior features: Not in a federal flood zone; Above-grade and below-grade structures noted

Interior

• Bedrooms: Three bedrooms on the first upper level; Two bedrooms on the first lower level
• Bathrooms: Two full bathrooms total; One full bathroom on the main level; One full bathroom on the first upper level
• Heating & cooling: Heating: Other/unspecified; Cooling: Other/unspecified; Hot water: Other/unspecified
• Interior features: Basement included (finished area present); Living area reported as estimated

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $696 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 4.4% in Brooklyn Park — 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 77/100 on livability (#81 in MD, #3,091 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools 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.
• Market conditions: Rents rising fast (+4.1%/yr); 165 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).
• At $2,154/mo this rent would consume 48% of the median local household income ($54k/yr) (locally 1440% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 7 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.
• Current owner paid $25k; list at $150k implies a 500% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — 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. 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?
4. 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.
5. 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.
6. 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: 1.44% ✓
• Cap rate: 11.86%
• Cash-on-cash: 19.89%
• DSCR: 1.88
• GRM: 5.8

CMA / ARV

• ARV (median comp): $215,296
• List price: $150,000
• Delta: -30.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5201 Brookwood Rd	0.22mi	5/3.0	1,320 (+1%)	0mo	$165,000	$125	84
920 1st St	0.02mi	4/2.0 (-1)	1,304 (0%)	17mo	$160,000	$123	79
5318 Brookwood	0.28mi	4/2.0 (-1)	1,254 (-4%)	18mo	$215,000	$171	60
201 W Riverview Rd	0.60mi	4/2.0 (-1)	1,240 (-5%)	14mo	$265,000	$214	47
223 Grove Park Rd	0.60mi	5/2.5	1,488 (+14%)	9mo	$258,000	$173	39
4041 6th St	0.66mi	4/2.0 (-1)	1,109 (-15%)	5mo	$165,000	$149	35
205 Arundel Rd W	0.62mi	4/2.5 (-1)	1,216 (-7%)	22mo	$270,000	$222	35
412 Seward Ave	0.42mi	4/1.5 (-1)	1,140 (-13%)	22mo	$250,000	$219	34
4137 Doris Ave	0.52mi	4/2.5 (-1)	1,488 (+14%)	17mo	$242,000	$163	31
131 W Meadow Rd	0.69mi	4/2.0 (-1)	1,440 (+10%)	22mo	$249,000	$173	27

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 · 4.08% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.53×
• Total profit: $22,401
• Equity at exit: $22,365

10-year hold

• IRR: 22.9%
• Equity multiple: 3.06×
• Total profit: $86,563
• Equity at exit: $12,969

Cash invested: $42,000 (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 21225

• Home prices YoY: -31.9%
• Rents YoY: 4.1%
• Active inventory: 165
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,154 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$156 /mo · $1,875/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $696

Break-even live

Break-even rent $1,273

Max offer price $150,000

Occupancy floor 63%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3544 4th St Brooklyn, MD	4.0	2.5	1800	$1,940	$1.08	24d	1	1.00mi
4216 Prudence St Curtis Bay, MD	4.0	3.0	1116	$2,100	$1.88	43d	1	1.10mi

Listing history 21 events

1. 2026-06-04
   days on market $150,000 Active 16 DOM
2. 2026-06-03
   days on market $150,000 Active 15 DOM
3. 2026-06-02
   status $150,000 Active 14 DOM
4. 2026-05-07
   status Pending 294-char remark
5. 2026-04-23
   listed $150,000 Active 294-char remark
6. 2026-04-23
   historical
7. 2026-04-14
   status Active
8. 2026-03-16
   status Pending
9. 2026-03-06
   status Active
10. 2026-03-06
    listed $150,000 Active
11. 2026-03-06
    historical
12. 2026-02-14
    status Pending
13. 2026-01-31
    listed $150,000 Active
14. 2026-01-30
    historical
15. 2016-10-20
    soldstatus $25,000
16. 2005-12-27
    soldstatus $118,000
17. 2005-11-23
    soldstatus $118,000
18. 2005-11-02
    historical
19. 2005-10-27
    listed $124,900
20. 2003-10-21
    soldstatus $55,000
21. 1987-01-13
    soldstatus $55,000

ⓘ 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: $1,875 · $156/mo
• Projected year-2 tax: $1,875 · $156/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 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: $25,843
• − Mortgage interest: −$8,402
• − Property taxes: −$1,875
• − Insurance: −$750
• − Repairs & maintenance: −$2,067
• − Management: −$2,067
• − Depreciation: −$4,364
• Taxable income: $6,318
• Est. tax owed @ 24.0%: −$1,516
• After-tax cash flow: $6,836/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 — Brooklyn Park

• Score: 77/100
• State rank: #81
• US rank: #3091

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brooklyn Park, MD
• County: Anne Arundel County · 535,653 people
• City population: 34,062
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,062
• Household income: $54,020
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 1440.0

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 0.68)
• Race & ethnicity: Black 42% White 32% Hispanic / Latino 20% Two or more races 8% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 1% Iranian 1%
• Foreign-born: 12% · Canada, China
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 1% French/Haitian/Cajun 1%

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: ▼ -119.44%
• Current HPI: 254.5089
• Rent YoY: ▲ 4.08%
• 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

+172.7% since first listed

20 events — show timeline

• 2026-06-04 Listing Removed — BRIGHT MLS
• 2026-06-02 Relisted — BRIGHT MLS
• 2026-05-07 Pending — BRIGHT MLS
• 2026-04-23 Listing Removed — BRIGHT MLS
• 2026-04-23 Listed $150,000 BRIGHT MLS
• 2026-04-14 Relisted — BRIGHT MLS
• 2026-03-16 Pending — BRIGHT MLS
• 2026-03-06 Relisted — BRIGHT MLS
• 2026-03-06 Listing Removed — BRIGHT MLS
• 2026-03-06 Listed $150,000 BRIGHT MLS
• 2026-02-14 Pending — BRIGHT MLS
• 2026-01-31 Listed $150,000 BRIGHT MLS
• 2026-01-30 Coming Soon — BRIGHT MLS
• 2016-10-20 Sold (Public Records) $25,000 Public Records
• 2005-12-27 Sold (Public Records) $118,000 Public Records
• 2005-11-23 Sold (MLS) $118,000 MRIS
• 2005-11-02 Delisted — MRIS
• 2005-10-27 Listed $124,900 MRIS
• 2003-10-21 Sold (Public Records) $55,000 Public Records
• 1987-01-13 Sold (Public Records) $55,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $1,875 · +5.4% YoY. Source: county tax records.