3 Tearose Ln · Middle River, MD 21220

$80,000

3 bd · 2.0 ba · 1,700 sqft · SingleFamily · 172 Days on market

Built 1990 Good condition 1,700 sqft lot $47/sqft · at area comps Est $77k · at est.

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.5/15.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0
• Rent growth +2.7/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

Key facts

• Beautiful kitchen
• Private driveway
• Open living concept

Tags

• OPEN LIVING CONCEPT
• BEAUTIFUL KITCHEN
• CENTRAL A/C
• PRIVATE DRIVEWAY
• ACROSS FROM A PARK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.6% vs local median 4.1% in Middle River — 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 78/100 on livability (#76 in MD, #2,777 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: 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 flat; 251 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• This rent runs 38% 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 $553 of loan paydown is wiped out by about $2k 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 + 0.8% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 172 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $40k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 172 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 3.23% ✓
• Cap rate: 28.64%
• Cash-on-cash: 79.80%
• DSCR: 4.55
• GRM: 2.6

CMA / ARV

• ARV (median comp): $76,578
• List price: $80,000
• Delta: 4.47%
• Verdict: FAIR
• Comps: 19 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3204 Jonquil Ln	0.12mi	3/2.0	1,900 (+12%)	8mo	$110,000	$58	68
11513 Eastern Ave	0.60mi	4/1.5 (+1)	1,635 (-4%)	4mo	$340,000	$208	55
9 Creek Side Ct	0.59mi	3/3.0	1,900 (+12%)	15mo	$435,000	$229	37

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 · 0.83% rent growth · sell at horizon

5-year hold

• IRR: 77.5%
• Equity multiple: 4.41×
• Total profit: $76,420
• Equity at exit: $11,928

10-year hold

• IRR: 80.5%
• Equity multiple: 8.46×
• Total profit: $167,156
• Equity at exit: $6,917

Cash invested: $22,400 (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 21220

• Rents YoY: 0.8%
• Active inventory: 251
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $2,585 high
• Mortgage (P&I): −$420
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $1,490

Break-even live

Break-even rent $700

Max offer price $80,000

Occupancy floor 37%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11550 Crossroads Cir Middle River, MD	1.0–2.0	1.0–2.0	893	$2,849	$3.19	1d	15	0.98mi
985 Morgan Run Rd Middle River, MD	4.0	3.5	2200	$3,100	$1.41	43d	1	1.05mi
10018 Sandy Run Rd Middle River, MD	4.0	2.5	1970	$3,050	$1.55	43d	1	1.14mi
1006 Windlass Glen Rd Middle River, MD	3.0	4.0	1940	$3,150	$1.62	43d	1	1.16mi
520 Holly Hunt Rd Middle River, MD	4.0	3.0	1508	$2,300	$1.53	43d	1	1.29mi
6221 Greenleigh Ave Middle River, MD	1.0–2.0	1.0–2.0	1059	$2,957	$2.79	1d	16	1.31mi
1 Alder Dr Middle River, MD	1.0–3.0	1.0	1000	$2,249	$2.25	4d	10	1.35mi
37 Alberge Ln Middle River, MD	2.0–3.0	1.0–2.0	928	$2,052	$2.21	1d	8	1.42mi

Listing history 15 events

1. 2026-05-13
   status Pending 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

2. 2026-05-05
   price $80,000 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

3. 2026-04-09
   price $85,000 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

4. 2026-04-03
   status Active 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

5. 2026-03-25
   status Pending 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

6. 2026-02-17
   price $90,000 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

7. 2026-02-06
   price $100,000 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

8. 2025-12-15
   price $110,000 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

9. 2025-11-13
   listed $120,000 Active 513-char remark

   Show marketing remark (513 chars)

   Move-in ready! This beautifully updated home features an open living concept with a beautiful kitchen, high ceilings, and central A/C for year-round comfort. Enjoy 3 spacious bedrooms, closet space, and 2 full bathrooms, plus an in-unit washer and dryer for added convenience. The private driveway fits 2+ vehicles, and the home sits directly across from a park—perfect for kids, pets, and outdoor fun. Photos don’t do it justice; you truly have to see this one in person! Schedule your showing today!

10. 2025-09-24
    historical
11. 2025-09-20
    price $59,500
12. 2025-09-02
    listed $69,750 Active
13. 2025-09-01
    historical
14. 2025-09-01
    historical
15. 2025-08-05
    listed $69,500 Active

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

Taxation est. · year 1

• Rental income: $31,024
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$2,482
• − Management: −$2,482
• − Depreciation: −$2,327
• Taxable income: $17,652
• Est. tax owed @ 24.0%: −$4,236
• After-tax cash flow: $13,638/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.

Condition & rehab AI · 14 photos

Good 75/100 Cosmetic rehab

This move-in ready home features updated interiors and a fresh exterior, making it an attractive option for both buyers and renters.

Value-add opportunities

• Resale Paint touch-ups — Fresh paint enhances curb appeal and can add value.
• Both Landscaping improvements — Enhances curb appeal and can attract more buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint touch-ups — Fresh paint enhances curb appeal and can add value. ↑
• Both Landscaping improvements — Enhances curb appeal and can attract more buyers or renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Middle River

• Score: 78/100
• State rank: #76
• US rank: #2777

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Middle River, MD
• County: Baltimore County · 769,527 people
• City population: 42,824
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 42,824
• Household income: $81,817
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1921.0

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 57% Black 27% Two or more races 6% Hispanic / Latino 6% Asian 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Romanian 4% Ukrainian 2% Lithuanian 1%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 86% English-only · Spanish 3% Arabic 3% Tagalog/Filipino 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: ▼ -199.31%
• Current HPI: 254.5597
• Rent YoY: ▲ 0.83%
• 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

+15.1% since first listed

15 events — show timeline

• 2026-05-13 Pending — BRIGHT MLS
• 2026-05-05 Price Changed $80,000 BRIGHT MLS
• 2026-04-09 Price Changed $85,000 BRIGHT MLS
• 2026-04-03 Relisted — BRIGHT MLS
• 2026-03-25 Pending — BRIGHT MLS
• 2026-02-17 Price Changed $90,000 BRIGHT MLS
• 2026-02-06 Price Changed $100,000 BRIGHT MLS
• 2025-12-15 Price Changed $110,000 BRIGHT MLS
• 2025-11-13 Listed $120,000 BRIGHT MLS
• 2025-09-24 Listing Removed — BRIGHT MLS
• 2025-09-20 Price Changed $59,500 BRIGHT MLS
• 2025-09-02 Listed $69,750 BRIGHT MLS
• 2025-09-01 Coming Soon — BRIGHT MLS
• 2025-09-01 Listing Removed — BRIGHT MLS
• 2025-08-05 Listed $69,500 BRIGHT MLS