7326 Green Acres Dr · Pasadena, MD 21060

$120,000

2 bd · 1.0 ba · 564 sqft · SingleFamily public records · 52 Days on market

Built 1945 0.50 ac lot $213/sqft · 54% below area

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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 +7.5/15.0
• Livability +3.8/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Value is in the land. No interior access is permitted—property is not safe to enter. The existing structure is in poor condition and will require a full tear-down. Buyer to perform all due diligence. Previous listing referenced a potential HOA and a front foot fee of approximately $36/year; however, Seller has never occupied the property and cannot confirm. Cash sale preferred with a quick closing.

Key facts

• 0.5 acre lot
• Built 1945
• Listed 51 days

Property features AI

Finance

• Other: Tax and assessment details available (tax year 2025/assessment year 2026)
• Financial info: Land assessed value recorded; Improvement assessed value recorded

Exterior

• Parking: On-street parking
• Utilities: Public water; Private septic tank; Electric hot water; Cooling fuel: Bottled gas; Heating fuel: Oil
• Home design: Detached property; Fee simple ownership; Year built per assessor
• Construction: Foundation: Other
• Exterior features: Detached structure; Other structures above grade and below grade; Ground rent paid annually; Located outside city limits

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level; 1 full bathroom total
• Heating & cooling: 90% forced air heating; Oil-fired heating fuel; Cooling system: Other (uses bottled gas); Electric hot water
• Interior features: No basement; Finished above-grade living area of 564 (per assessor)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 4.1% in Pasadena — 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 75/100 on livability (#100 in MD, #3,887 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, commute A-; Watch: crime D+, amenities F, cost of living 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.
• Zoned schools: Monarch Global Academy Pcs Laurel Campus (math 13% / reading 28%, grade F, #341 of 860 statewide, top 40%, 830 students, 53% FRL); Northeast Middle (math 6% / reading 32%, grade F, #155 of 225 statewide, top 70%, 882 students, 49% FRL); Northeast High (math 24% / reading 57%, grade F, #130 of 222 statewide, top 58%, 1,390 students, 44% FRL) — zoned schools average 48% FRL vs 25% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.4%/yr); 166 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $830 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 + 3.4% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 30y 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.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 44% 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 $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D 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: 1.51% ✓
• Cap rate: 11.86%
• Cash-on-cash: 19.88%
• DSCR: 1.88
• GRM: 5.5

CMA / ARV

• ARV (median comp): $261,400
• List price: $120,000
• Delta: -54.09%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.44% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.50×
• Total profit: $16,875
• Equity at exit: $17,892

10-year hold

• IRR: 21.8%
• Equity multiple: 2.90×
• Total profit: $63,918
• Equity at exit: $10,375

Cash invested: $33,600 (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: 166
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,813 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$197 /mo · $2,359/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $557

Break-even live

Break-even rent $1,109

Max offer price $120,000

Occupancy floor 64%

Sensitivity live

Price	-10% $625	-5% $591	+0% $557	+5% $523	+10% $489
Rent	-10% $413	-5% $485	+0% $557	+5% $628	+10% $700
Rate	-1.0pp $617	-0.5pp $587	base $557	+0.5pp $526	+1.0pp $494

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
303 Maple Tree Dr Glen Burnie, MD	1.0–3.0	1.0–2.0	989	$2,299	$2.32	3d	35	1.11mi

Listing history 42 events

1. 2026-06-21
   days on market $120,000 Active 52 DOM
2. 2026-06-18
   days on market $120,000 Active 49 DOM
3. 2026-06-17
   days on market $120,000 Active 48 DOM
4. 2026-06-16
   days on market $120,000 Active 47 DOM
5. 2026-06-15
   days on market $120,000 Active 46 DOM
6. 2026-06-13
   days on market $120,000 Active 44 DOM
7. 2026-06-09
   days on market $120,000 Active 40 DOM
8. 2026-06-08
   days on market $120,000 Active 39 DOM
9. 2026-06-07
   days on market $120,000 Active 38 DOM
10. 2026-06-04
    days on market $120,000 Active 35 DOM
11. 2026-06-03
    days on market $120,000 Active 34 DOM
12. 2026-06-02
    days on market $120,000 Active 33 DOM
13. 2026-06-01
    days on market $120,000 Active 32 DOM
14. 2026-05-31
    days on market $120,000 Active 31 DOM
15. 2026-05-01
    listed $120,000 Active 407-char remark
16. 2026-05-01
    historical $120,000 407-char remark
17. 2025-12-31
    historical
18. 2025-11-08
    price $130,000
19. 2025-11-06
    listed $145,000 Active
20. 2025-10-23
    historical
21. 2025-09-12
    status Active
22. 2025-09-09
    historical Active Under Contract
23. 2025-08-25
    listed $145,000 Active
24. 2025-08-24
    historical
25. 2024-10-24
    historical
26. 2024-10-05
    status Active
27. 2024-09-30
    historical
28. 2024-09-18
    price $165,000
29. 2024-07-31
    listed $190,000 Active
30. 2022-09-29
    historical
31. 2021-11-18
    listed $225,000 Active
32. 2021-04-16
    soldstatus $125,000
33. 2021-02-15
    soldstatus $125,000 Closed
34. 2021-01-31
    status Pending
35. 2021-01-18
    listed $125,000 Active
36. 2000-06-27
    soldstatus $65,000
37. 1999-11-10
    historical
38. 1998-11-12
    historical
39. 1998-10-29
    historical
40. 1998-10-24
    listed
41. 1996-09-02
    listed
42. 1996-08-17
    listed

ⓘ 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: $2,359 · $197/mo
• Projected year-2 tax: $2,359 · $197/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 44% 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: $21,761
• − Mortgage interest: −$6,722
• − Property taxes: −$2,359
• − Insurance: −$600
• − Repairs & maintenance: −$1,741
• − Management: −$1,741
• − Depreciation: −$3,491
• Taxable income: $5,107
• Est. tax owed @ 24.0%: −$1,226
• After-tax cash flow: $5,455/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 — Pasadena

• Score: 75/100
• State rank: #100
• US rank: #3887

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena, MD
• County: Anne Arundel County · 535,653 people
• City population: 61,566
• 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

+84.6% since first listed

28 events — show timeline

• 2026-05-01 Listed $120,000 BRIGHT MLS
• 2026-05-01 Coming Soon $120,000 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-11-08 Price Changed $130,000 BRIGHT MLS
• 2025-11-06 Listed $145,000 BRIGHT MLS
• 2025-10-23 Listing Removed — BRIGHT MLS
• 2025-09-12 Relisted — BRIGHT MLS
• 2025-09-09 Contingent — BRIGHT MLS
• 2025-08-25 Listed $145,000 BRIGHT MLS
• 2025-08-24 Coming Soon — BRIGHT MLS
• 2024-10-24 Listing Removed — BRIGHT MLS
• 2024-10-05 Relisted — BRIGHT MLS
• 2024-09-30 Listing Removed — BRIGHT MLS
• 2024-09-18 Price Changed $165,000 BRIGHT MLS
• 2024-07-31 Listed $190,000 BRIGHT MLS
• 2022-09-29 Listing Removed — BRIGHT MLS
• 2021-11-18 Listed $225,000 BRIGHT MLS
• 2021-04-16 Sold (Public Records) $125,000 Public Records
• 2021-02-15 Sold (MLS) $125,000 BRIGHT MLS
• 2021-01-31 Pending — BRIGHT MLS
• 2021-01-18 Listed $125,000 BRIGHT MLS
• 2000-06-27 Sold (Public Records) $65,000 Public Records
• 1999-11-10 Delisted — MRIS
• 1998-11-12 Delisted — MRIS
• 1998-10-29 Delisted — MRIS
• 1998-10-24 Listed — MRIS
• 1996-09-02 Listed — MRIS
• 1996-08-17 Listed — MRIS

Property tax history

+5.3%/yr

Latest (2025): $2,359 · +0.5% YoY. Source: county tax records.