379 Clover Ct · Glen Burnie, MD 21060

$269,999

3 bd · 1.0 ba · 1,464 sqft · SingleFamily public records · 11 Days on market

Built 1977 9,148 sqft lot Est $384k · 30% 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 +19.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• 1% rule +4.0/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Short sale! Opportunity Knocks. Priced to reflect condition of property. Classic split-foyer home located in the cul de sac is ready for a full rehab/renovation. This property presents a great opportunity for investors, rehabbers, or buyers looking to customize a home to their own taste. Long-term ownership and an existing structure offer an opportunity for significant updating throughout the home. There’s a deck located rear of home. Sold strictly as-is. Bring your vision and creativity to unlock this home’s full potential.

Key facts

• Cul de sac
• Split-foyer home
• Deck located rear

Tags

• SPLIT-FOYER HOME
• CUL DE SAC
• DECK LOCATED REAR
• FULL REHAB RENOVATION
• SIGNIFICANT UPDATING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/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 $243k (10.1% below list).
• Recommended offer: $243k (10.1% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 4.4% in Glen Burnie — 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 72/100 on livability (#135 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: cost of living C-, schools D-, crime 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 (+3.4%/yr); 164 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,303 units permitted in Anne Arundel County in 2024 (299 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.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

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 $242,752 (10.1% below list)

Questions for the listing agent

1. Built in 1977 — 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: 0.90% ✗
• Cap rate: 7.72%
• Cash-on-cash: 5.11%
• DSCR: 1.23
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $383,568
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7748 Overhill Rd	0.20mi	3/1.0	1,400 (-4%)	5mo	$291,525	$208	79
100 Cedar Dr	0.31mi	3/2.5	1,550 (+6%)	4mo	$482,500	$311	67
28 Queen Anne Rd	0.48mi	4/2.0 (+1)	1,480 (+1%)	3mo	$389,000	$263	64
826 Barbara Ct	0.41mi	3/3.0	1,560 (+7%)	0mo	$390,000	$250	62
102 Queen Anne Rd	0.47mi	3/1.5	1,348 (-8%)	4mo	$340,000	$252	59
7831 Overhill Rd	0.44mi	4/2.0 (+1)	1,560 (+7%)	2mo	$415,000	$266	58
1 Beach Rd	0.75mi	3/2.0	1,472 (+0%)	3mo	$385,000	$262	58
217 Saltgrass Dr	0.75mi	3/2.0	1,490 (+2%)	7mo	$525,000	$352	52
15 Beach Rd	0.73mi	2/2.0 (-1)	1,510 (+3%)	2mo	$275,000	$182	50
13 Beach Rd	0.73mi	3/1.0	1,352 (-8%)	4mo	$304,500	$225	50
103 Henson Rd	0.42mi	3/3.0	1,662 (+14%)	7mo	$416,000	$250	44
920 Blakistone Rd	0.71mi	3/1.0	1,260 (-14%)	2mo	$329,900	$262	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 · 3.44% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.71×
• Total profit: $-22,291
• Equity at exit: $40,258

10-year hold

• IRR: 2.0%
• Equity multiple: 1.14×
• Total profit: $10,942
• Equity at exit: $23,345

Cash invested: $75,600 (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 21060

• Rents YoY: 3.4%
• Active inventory: 164
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,428 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$67 /mo · $808/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $322

Break-even live

Break-even rent $2,020

Max offer price $269,999

Occupancy floor 82%

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Cedar Dr Glen Burnie, MD	4.0	2.0	972	$2,900	$2.98	23d	1	0.42mi
7806 Southampton Dr Glen Burnie, MD	2.0	1.0	609	$1,554	$2.55	2d	45	0.66mi
7847 Americana Cir Glen Burnie, MD	1.0–3.0	1.0–2.0	891	$2,149	$2.41	4d	17	0.94mi
142 Alview Ter Glen Burnie, MD	4.0	1.0	1101	$2,100	$1.91	10d	1	1.04mi
14 Harvard Rd Glen Burnie, MD	4.0	2.0	1238	$2,500	$2.02	10d	1	1.17mi
124 Louise Ter Glen Burnie, MD	4.0	2.0	1848	$2,300	$1.24	43d	1	1.28mi
8009 Cameryn Pl Pasadena, MD	2.0–3.0	2.0	1217	$2,740	$2.25	2d	9	1.28mi
328 Gatewater Ct Glen Burnie, MD	1.0–2.0	1.0	798	$1,815	$2.27	1d	12	1.29mi
354 Gatewater Ct #201 Glen Burnie, MD	2.0	1.0	1012	$1,700	$1.68	17d	1	1.37mi
8129 Woodholme Cir Unit A Pasadena, MD	2.0	1.5	1400	$2,400	$1.71	10d	1	1.42mi
8115 Evening Star Dr Pasadena, MD	1.0–3.0	1.0–2.0	1213	$3,420	$2.82	1d	32	1.43mi
121 Foxbay Ln Glen Burnie, MD	2.0	2.0	1592	$2,295	$1.44	43d	1	1.47mi
7810 Foxcove Ct Glen Burnie, MD	3.0	2.0	1580	$2,500	$1.58	4d	1	1.50mi

Listing history 2 events

1. 2026-03-04
   status Pending
2. 2026-02-20
   listed $269,999 Active

ⓘ 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: $808 · $67/mo
• Projected year-2 tax: $1,875 · $156/mo
• Expected delta: +$1,068/yr (+$89/mo · 132.2%)

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

Taxation est. · year 1

• Rental income: $29,130
• − Mortgage interest: −$15,124
• − Property taxes: −$808
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,330
• − Management: −$2,330
• − Depreciation: −$7,855
• Taxable loss: −$667
• Est. tax savings @ 24.0%: +$160
• After-tax cash flow: $4,024/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 — Glen Burnie

• Score: 72/100
• State rank: #135
• US rank: #5815

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glen Burnie, MD
• County: Anne Arundel County · 535,653 people
• City population: 96,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 39,730
• Household income: $104,715
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 976.0

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 0.62)
• Race & ethnicity: White 55% Black 24% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 5% Slovak 1% Italian 1%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 2% Tagalog/Filipino 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: ▼ -305.56%
• Current HPI: 304.5692
• Rent YoY: ▲ 3.44%
• 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

2 events — show timeline

• 2026-03-04 Pending — BRIGHT MLS
• 2026-02-20 Listed $269,999 BRIGHT MLS

Property tax history

-3.6%/yr

Latest (2025): $808 · +60.8% YoY. Source: county tax records.