8025 N Boundary Rd · Dundalk, MD 21222

$239,900

3 bd · 1.5 ba · 1,258 sqft · Townhouse public records · 5 Days on market

Built 1958 4,025 sqft lot Est $201k · 19% over

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Why this score? — see what drove the F 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 +13.9/30.0
• DSCR +4.2/10.0
• Livability +4.2/5.0
• 1% rule +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained, END-OF-GROUP townhome, centrally located in Dundalk next door to Our Lady of Hope/St. Luke School. Finished room in basement makes for a potential 4th bedroom/family room or den. Bonus Sunroom off the kitchen. 2 off-street parking spots in the rear. Shed in backyard has a concrete floor and 120V electric. Roof is roughly 5yrs old with Architectural Shingles, Furnace/A/C - 5yrs old, Windows - 7yrs old. Schedule a tour soon before this one is gone!

Key facts

• Covered front porch
• Large eat-in kitchen
• Enclosed rear porch

Tags

• BRICK END-UNIT TOWNHOME
• LARGE EAT-IN KITCHEN
• FINISHED LOWER LEVEL
• FENCED BACKYARD
• COVERED FRONT PORCH
• ENCLOSED REAR PORCH

Property features AI

Finance

• Other: Not in a federal flood zone; Annual ground rent listed under income/expense
• Financial info: Ground rent exists and is paid semi-annually

Exterior

• Parking: Off-street parking for two vehicles; Concrete driveway
• Utilities: Public water; Public sewer
• Home design: End-of-row townhouse; Ground rent ownership interest exists (semi-annual ground rent payment)
• Construction: Brick construction; Architectural shingle roof; Concrete perimeter foundation; Year built per assessor
• Exterior features: Fully fenced yard; Shed; Above- and below-grade exterior structures

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Partially finished basement; Living room; Dining room; Recreation room; Storage room; Screened porch; Enclosed outdoor living (porch/patio)
• Laundry & utility: Basement laundry with hookups

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $240k.

Deal economics

• At list price, monthly cash flow is $26 ($309/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (11.2% below list).
• Recommended offer: $213k (11.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 85/100 on livability (#16 in MD, #510 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: 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 soft (-0.1%/yr); 236 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 40% of the median local income ($64k/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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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 $200k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 58% 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 $213,117 (11.2% below list)

Questions for the listing agent

1. Built in 1958 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.89% ✗
• Cap rate: 6.42%
• Cash-on-cash: 0.46%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $201,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8142 Del Haven Rd	0.19mi	3/2.0	1,144 (-9%)	3mo	$171,000	$149	72
8146 Del Haven Rd	0.20mi	3/2.0	1,424 (+13%)	6mo	$227,900	$160	62
7832 Rockbourne Rd	0.52mi	3/1.5	1,344 (+7%)	3mo	$167,832	$125	62
2703 Creston Rd	0.58mi	2/1.0 (-1)	1,281 (+2%)	4mo	$164,900	$129	59
7723 Charlesmont Rd	0.57mi	3/1.0	1,350 (+7%)	3mo	$172,000	$127	57
1927 Codd Ave	0.42mi	3/1.0	1,144 (-9%)	8mo	$190,000	$166	57
2717 Creston	0.56mi	3/1.5	1,378 (+10%)	2mo	$240,000	$174	56
7829 Scholar Rd	0.60mi	3/2.0	1,152 (-8%)	2mo	$252,500	$219	55
2734 Plainfield Rd	0.70mi	2/2.0 (-1)	1,295 (+3%)	4mo	$205,000	$158	52
7719 Charlesmont Rd	0.57mi	2/1.0 (-1)	1,196 (-5%)	7mo	$195,000	$163	52
2703 Southbrook Rd	0.57mi	2/2.0 (-1)	1,325 (+5%)	7mo	$240,000	$181	52
8364 Kavanagh Rd	0.71mi	3/2.0	1,424 (+13%)	9mo	$220,000	$154	35

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.0%
• Equity multiple: 0.35×
• Total profit: $-43,448
• Equity at exit: $35,770

10-year hold

• IRR: -19.3%
• Equity multiple: 0.11×
• Total profit: $-59,730
• Equity at exit: $20,742

Cash invested: $67,172 (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 21222

• Rents YoY: -0.1%
• Active inventory: 236
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,131 high
• Mortgage (P&I): −$1,258
• Tax est. 1.5%: −$300 /mo · $3,598/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $26

Break-even live

Break-even rent $2,099

Max offer price $239,900

Occupancy floor 94%

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8146 Del Haven Rd Dundalk, MD	3.0	2.0	1424	$2,700	$1.90	16d	1	0.18mi
1760 Langport Ave Dundalk, MD	3.0	1.5	1600	$1,795	$1.12	43d	1	0.20mi
7917 Wise Ave Dundalk, MD	2.0	1.5	1500	$2,500	$1.67	23d	1	0.31mi
7962 Kavanagh Rd Dundalk, MD	3.0	2.0	1024	$1,947	$1.90	14d	1	0.38mi
7930 Kavanagh Rd Dundalk, MD	3.0	1.0	1024	$2,195	$2.14	43d	1	0.39mi
414 Westfield Rd Dundalk, MD	3.0	1.0	1024	$2,300	$2.25	43d	1	0.49mi
1930 Frames Rd Dundalk, MD	3.0	2.0	1152	$2,099	$1.82	4d	1	0.49mi
2711 Gray Manor Ct Unit NA Baltimore, MD	4.0	2.0	1570	$2,500	$1.59	23d	1	0.49mi
1964 Frames Rd Dundalk, MD	3.0	2.0	1528	$2,400	$1.57	43d	1	0.54mi
2020 Dineen Dr Dundalk, MD	3.0	1.5	1258	$1,850	$1.47	4d	1	0.56mi
3221 Wallford Dr Dundalk, MD	3.0	1.0	1008	$1,750	$1.74	3d	1	0.57mi
3221 Wallford Dr Unit 3221 Dundalk, MD	3.0	1.0	1008	$1,750	$1.74	4d	1	0.57mi
7901 Stratman Rd Dundalk, MD	3.0	1.0	890	$1,647	$1.85	2d	1	0.60mi
3314 Wallford Dr Dundalk, MD	3.0	1.0	1258	$1,850	$1.47	14d	1	0.63mi
3413 Wallford Dr Dundalk, MD	3.0	2.0	1016	$2,000	$1.97	43d	1	0.67mi
1925 Jasmine Rd Dundalk, MD	3.0	1.5	1024	$1,825	$1.78	10d	1	0.68mi
3427 North Point Rd Dundalk, MD	3.0	1.0	1008	$2,250	$2.23	19d	1	0.73mi
7412 Saint Patricia Ct Dundalk, MD	4.0	2.0	1024	$2,800	$2.73	17d	1	0.74mi
3317 Belsford Ct Dundalk, MD	3.0	1.0	1258	$1,950	$1.55	10d	1	0.76mi
11 Seabright Ave Dundalk, MD	3.0	1.0	948	$1,874	$1.98	14d	1	0.78mi
2004 Larkhall Rd Dundalk, MD	3.0	1.0	1024	$1,500	$1.46	43d	1	0.78mi
2032 Kelmore Rd Dundalk, MD	3.0	1.0	1024	$1,700	$1.66	43d	1	0.79mi
2025 Kelmore Rd Unit 1 Dundalk, MD	3.0	1.0	1024	$2,000	$1.95	43d	1	0.79mi
4004 St Monica Dr Unit 1 Dundalk, MD	3.0	1.0	1024	$1,895	$1.85	4d	1	0.82mi
4004 Saint Monica Dr Dundalk, MD	3.0	1.0	1024	$1,925	$1.88	4d	1	0.82mi
7 Robinson Ave Dundalk, MD	3.0	2.0	1100	$2,600	$2.36	43d	1	0.88mi
1907 Penhall Rd Dundalk, MD	3.0	2.0	1536	$2,300	$1.50	23d	1	0.94mi
7508 Ives Ln Dundalk, MD	2.0	1.0	896	$1,750	$1.95	43d	1	0.94mi
7860 Saint Claire Ln Dundalk, MD	3.0	2.0	1024	$2,200	$2.15	4d	1	0.99mi
1915 Merritt Blvd Dundalk, MD	3.0	2.0	1208	$2,500	$2.07	43d	1	1.00mi
8499 Lynch Rd Dundalk, MD	1.0–3.0	1.0–2.0	950	$2,202	$2.32	1d	32	1.03mi
7860 Saint Bridget Ln Dundalk, MD	4.0	1.0	1216	$2,300	$1.89	23d	1	1.04mi
7851 Saint Fabian Ln Dundalk, MD	3.0	1.0	1024	$1,595	$1.56	43d	1	1.17mi
7863 Saint Fabian Ln Dundalk, MD	3.0	2.0	1424	$1,950	$1.37	4d	1	1.17mi
849 Loalan Ave Dundalk, MD	3.0	1.5	1024	$1,850	$1.81	14d	1	1.29mi
7484 Rabon Ave Dundalk, MD	3.0	1.5	1499	$2,000	$1.33	43d	1	1.39mi
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	43d	1	1.43mi
7448 Durwood Rd Dundalk, MD	3.0	2.0	1606	$1,995	$1.24	2d	1	1.45mi
2952 Sollers Point Rd Unit B Dundalk, MD	2.0	1.0	1874	$1,290	$0.69	4d	1	1.49mi

Listing history 15 events

1. 2026-05-21
   listed $239,900 Active
2. 2023-12-27
   historical $1,850
3. 2023-12-08
   price $1,850
4. 2023-11-11
   price $1,895
5. 2023-11-10
   listed $2,200
6. 2022-03-15
   soldstatus $200,000
7. 2021-12-22
   soldstatus $200,000 Closed 467-char remark

   Show marketing remark (467 chars)

   Well maintained, END-OF-GROUP townhome, centrally located in Dundalk next door to Our Lady of Hope/St. Luke School. Finished room in basement makes for a potential 4th bedroom/family room or den. Bonus Sunroom off the kitchen. 2 off-street parking spots in the rear. Shed in backyard has a concrete floor and 120V electric. Roof is roughly 5yrs old with Architectural Shingles, Furnace/A/C - 5yrs old, Windows - 7yrs old. Schedule a tour soon before this one is gone!

8. 2021-11-16
   status Pending 467-char remark

   Show marketing remark (467 chars)

   Well maintained, END-OF-GROUP townhome, centrally located in Dundalk next door to Our Lady of Hope/St. Luke School. Finished room in basement makes for a potential 4th bedroom/family room or den. Bonus Sunroom off the kitchen. 2 off-street parking spots in the rear. Shed in backyard has a concrete floor and 120V electric. Roof is roughly 5yrs old with Architectural Shingles, Furnace/A/C - 5yrs old, Windows - 7yrs old. Schedule a tour soon before this one is gone!

9. 2021-10-26
   historical Active Under Contract 467-char remark

   Show marketing remark (467 chars)

   Well maintained, END-OF-GROUP townhome, centrally located in Dundalk next door to Our Lady of Hope/St. Luke School. Finished room in basement makes for a potential 4th bedroom/family room or den. Bonus Sunroom off the kitchen. 2 off-street parking spots in the rear. Shed in backyard has a concrete floor and 120V electric. Roof is roughly 5yrs old with Architectural Shingles, Furnace/A/C - 5yrs old, Windows - 7yrs old. Schedule a tour soon before this one is gone!

10. 2021-10-21
    listed $209,900 Active 467-char remark

    Show marketing remark (467 chars)

    Well maintained, END-OF-GROUP townhome, centrally located in Dundalk next door to Our Lady of Hope/St. Luke School. Finished room in basement makes for a potential 4th bedroom/family room or den. Bonus Sunroom off the kitchen. 2 off-street parking spots in the rear. Shed in backyard has a concrete floor and 120V electric. Roof is roughly 5yrs old with Architectural Shingles, Furnace/A/C - 5yrs old, Windows - 7yrs old. Schedule a tour soon before this one is gone!

11. 2006-01-09
    soldstatus $169,900
12. 2005-12-13
    soldstatus $169,900 399-char remark

    Show marketing remark (399 chars)

    CONTRACT FALL-THRU. .. BACK ON MARKET!!! What a find located in sought after area in Gray Haven! HMS Home Warr. Incl. Concrete 2 car parking pad, concrete patio with brick columns for outside entertaining, shed for storage, beautiful int. wood trim, w-to-w carpeting, finished basement ready for holiday gatherings, lower level workshop/laundry room includes the washer and dryer. Home sold as is.

13. 2005-11-18
    historical 399-char remark

    Show marketing remark (399 chars)

    CONTRACT FALL-THRU. .. BACK ON MARKET!!! What a find located in sought after area in Gray Haven! HMS Home Warr. Incl. Concrete 2 car parking pad, concrete patio with brick columns for outside entertaining, shed for storage, beautiful int. wood trim, w-to-w carpeting, finished basement ready for holiday gatherings, lower level workshop/laundry room includes the washer and dryer. Home sold as is.

14. 2005-10-17
    listed $169,900 399-char remark

    Show marketing remark (399 chars)

    CONTRACT FALL-THRU. .. BACK ON MARKET!!! What a find located in sought after area in Gray Haven! HMS Home Warr. Incl. Concrete 2 car parking pad, concrete patio with brick columns for outside entertaining, shed for storage, beautiful int. wood trim, w-to-w carpeting, finished basement ready for holiday gatherings, lower level workshop/laundry room includes the washer and dryer. Home sold as is.

15. 1980-03-10
    soldstatus $40,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 58% 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: $25,574
• − Mortgage interest: −$13,438
• − Property taxes: −$3,598
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,046
• − Management: −$2,046
• − Depreciation: −$6,979
• Taxable loss: −$3,733
• Est. tax savings @ 24.0%: +$896
• After-tax cash flow: $1,205/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 — Dundalk

• Score: 85/100
• State rank: #16
• US rank: #510

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dundalk, MD
• County: Baltimore County · 769,527 people
• City population: 59,407
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 59,407
• Household income: $64,141
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 2566.0

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 0.60)
• Race & ethnicity: White 59% Black 18% Hispanic / Latino 15% Two or more races 7% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 85% English-only · Spanish 11% Other Indo-European 2% Arabic 1%

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: ▼ -251.44%
• Current HPI: 228.4218
• Rent YoY: ▼ -0.09%
• 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

+492.3% since first listed

15 events — show timeline

• 2026-05-21 Listed $239,900 BRIGHT MLS
• 2023-12-27 Rental Removed $1,850 BRIGHTMLS
• 2023-12-08 Price Changed $1,850 BRIGHTMLS
• 2023-11-11 Price Changed $1,895 BRIGHTMLS
• 2023-11-10 Listed for Rent $2,200 BRIGHTMLS
• 2022-03-15 Sold (Public Records) $200,000 Public Records
• 2021-12-22 Sold (MLS) $200,000 BRIGHT MLS
• 2021-11-16 Pending — BRIGHT MLS
• 2021-10-26 Contingent — BRIGHT MLS
• 2021-10-21 Listed $209,900 BRIGHT MLS
• 2006-01-09 Sold (Public Records) $169,900 Public Records
• 2005-12-13 Sold (MLS) $169,900 MRIS
• 2005-11-18 Delisted — MRIS
• 2005-10-17 Listed $169,900 MRIS
• 1980-03-10 Sold (Public Records) $40,500 Public Records

Property tax history

+15.3%/yr

Latest (2025): $15,839 · +248.1% YoY. Source: county tax records.