1912 Queensway · Dundalk, MD 21222

$224,900

3 bd · 1.0 ba · 1,392 sqft · SingleFamily public records · 11 Days on market

Built 1940 4,848 sqft lot Est $267k · 16% under

---

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 +15.8/30.0
• ARV discount +14.6/15.0
• DSCR +4.9/10.0
• Livability +4.2/5.0
• 1% rule +4.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1912 Queensway—an incredible opportunity to create the home you’ve always envisioned. Full of character and untapped potential, this charming property is ready for its next chapter and invites you to bring your personal style and updates to make it truly your own. The main level features hardwood floors, two comfortable bedrooms, and a full bathroom. A bright, open kitchen that flows beautifully into a spacious dining room/sitting room combination—an ideal space for hosting or simply enjoying everyday living filled with natural light. Upstairs, you have a spacious open area with endless possibilities. Whether you imagine a private third bedroom, a home office,

Key facts

• 4,848 sq ft lot
• Garage
• Built 1940

Property features AI

Exterior

• Parking: Detached garage (rear entry); Driveway with two spaces; Three total garage/parking spaces
• Utilities: Public water; Public sewer; Natural gas hot water; Natural gas heating
• Home design: Detached property
• Construction: Stucco exterior; Block foundation with crawl space; Above-grade and below-grade structures
• Exterior features: Deck(s); Partially finished basement

Interior

• Kitchen: Combination kitchen/dining
• Bedrooms: Two bedrooms on the main level; One bedroom on the upper level
• Flooring: Hardwood
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: Central heating; Electric cooling (other type)
• Interior features: Attic; Ceiling fan(s); Combination kitchen/dining area; Traditional floor plan; Wood floors
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/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 $204k (9.2% below list).
• Recommended offer: $204k (9.2% 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.
• Zoned schools: Dundalk Elementary (math 6% / reading 8%, grade F, #726 of 860 statewide, top 86%, 743 students, 74% FRL); Dundalk Middle (math 2% / reading 13%, grade F, #217 of 225 statewide, top 97%, 860 students, 64% FRL); Dundalk High (math 5% / reading 33%, grade F, #177 of 222 statewide, top 80%, 2,193 students, 62% FRL) — zoned schools average 66% FRL vs 39% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 11% at this address vs 24% district-wide (-13 pts) — the specific schools serving this property underperform the Baltimore County Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.1%/yr); 238 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 38% 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 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $88k; list at $225k implies a 157% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $204,134 (9.2% below list)

Questions for the listing agent

1. Built in 1940 — 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. 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: 0.91% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.98%
• DSCR: 1.09
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $267,264
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1912 Queensway	0.00mi	3/1.0	1,392 (0%)	1mo	$225,000	$162	99
1818 Maxwell Ave	0.22mi	3/2.0	1,320 (-5%)	4mo	$275,000	$208	73
6818 Holabird Ave	0.32mi	3/2.0	1,395 (+0%)	10mo	$200,000	$143	72
1902 Queensway	0.04mi	3/1.5	1,514 (+9%)	12mo	$290,000	$192	72
5 Liberty Pkwy	0.26mi	2/2.0 (-1)	1,240 (-11%)	2mo	$264,000	$213	60
22 Leeway Rd	0.58mi	3/2.0	1,388 (-0%)	11mo	$300,000	$216	60
214 Maple Ave	0.34mi	4/2.0 (+1)	1,492 (+7%)	9mo	$100,000	$67	56
6701 Bessemer Ave	0.66mi	3/1.0	1,480 (+6%)	4mo	$148,000	$100	55
103 Wells Ave	0.22mi	3/2.0	1,190 (-14%)	9mo	$220,000	$185	54
1906 Jackson Rd	0.29mi	3/1.0	1,200 (-14%)	13mo	$270,000	$225	53
1830 Walnut Ave	0.54mi	3/2.0	1,236 (-11%)	10mo	$315,000	$255	44
1776 Brookview Rd	0.54mi	4/1.0 (+1)	1,209 (-13%)	6mo	$201,000	$166	43

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: -16.5%
• Equity multiple: 0.43×
• Total profit: $-35,789
• Equity at exit: $33,533

10-year hold

• IRR: -14.6%
• Equity multiple: 0.27×
• Total profit: $-45,731
• Equity at exit: $19,445

Cash invested: $62,972 (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: 238
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,041 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$235 /mo · $2,825/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $104

Break-even live

Break-even rent $1,909

Max offer price $224,900

Occupancy floor 90%

Sensitivity live

Price	-10% $231	-5% $168	+0% $104	+5% $41	+10% $-23
Rent	-10% $-57	-5% $24	+0% $104	+5% $185	+10% $265
Rate	-1.0pp $217	-0.5pp $161	base $104	+0.5pp $46	+1.0pp $-13

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6722 Brentwood Ave Unit 2FL Dundalk, MD	3.0	1.0	900	$1,750	$1.94	45d	1	0.44mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	45d	1	0.50mi
266 Saint Helena Ave Dundalk, MD	3.0	1.0	1305	$1,900	$1.46	14d	1	0.55mi
12 Leeway Dundalk, MD	3.0	1.0	1358	$1,750	$1.29	45d	1	0.58mi
6552 Parnell Ave Dundalk, MD	2.0	1.5	885	$1,500	$1.69	19d	1	0.63mi
2624 Liberty Pkwy Dundalk, MD	3.0	1.5	1110	$1,856	$1.67	45d	1	0.64mi
1533 Leslie Rd Dundalk, MD	4.0	1.0	1270	$2,000	$1.57	45d	1	0.66mi
6537 Baltimore Ave Baltimore, MD	3.0	1.0	1272	$1,700	$1.34	3d	1	0.70mi
1329 Bethlehem Ave Dundalk, MD	3.0	2.0	1800	$2,700	$1.50	0d	1	0.82mi
78 N Dundalk Ave Dundalk, MD	4.0	2.0	1545	$2,200	$1.42	25d	1	0.83mi
7003 Dunmanway Dundalk, MD	1.0–2.0	1.0	772	$1,345	$1.74	3d	13	0.87mi
1504 Elrino St Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	6d	1	0.98mi
2959 Liberty Pkwy Dundalk, MD	3.0	2.0	1479	$2,150	$1.45	45d	1	1.02mi
638 Villager Cir Dundalk, MD	3.0	3.5	1572	$2,450	$1.56	19d	1	1.04mi
2952 Sollers Point Rd Unit B Dundalk, MD	2.0	1.0	1874	$1,290	$0.69	6d	1	1.05mi
2976 Cornwall Rd Unit 1 Dundalk, MD	2.0	1.0	900	$1,590	$1.77	16d	1	1.06mi
643 47th St Baltimore, MD	2.0	2.0	1620	$2,100	$1.30	14d	1	1.06mi
1915 Merritt Blvd Dundalk, MD	3.0	2.0	1208	$2,500	$2.07	45d	1	1.13mi
3231 Dundalk Ave Dundalk, MD	3.0	2.0	1630	$2,000	$1.23	6d	1	1.16mi
6710 Hudson St Baltimore, MD	4.0	4.0	1156	$3,500	$3.03	25d	1	1.17mi
7508 Ives Ln Dundalk, MD	2.0	1.0	896	$1,750	$1.95	45d	1	1.18mi
1207 Anglesea St Baltimore, MD	2.0	2.0	1162	$2,150	$1.85	6d	1	1.29mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,695	$1.19	0d	1	1.30mi
849 Loalan Ave Dundalk, MD	3.0	1.5	1024	$1,850	$1.81	16d	1	1.36mi
7484 Rabon Ave Dundalk, MD	3.0	1.5	1499	$2,000	$1.33	45d	1	1.37mi
3443 Dunhaven Rd Dundalk, MD	2.0	2.0	1016	$1,900	$1.87	6d	1	1.38mi
7448 Durwood Rd Dundalk, MD	3.0	2.0	1606	$1,995	$1.24	4d	1	1.39mi
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	45d	1	1.42mi
3481 McShane Way Dundalk, MD	2.0	1.5	896	$2,150	$2.40	45d	1	1.47mi

Listing history 4 events

1. 2026-04-29
   status Pending
2. 2026-04-17
   listed $224,900 Active
3. 1995-05-10
   soldstatus $87,500
4. 1991-08-12
   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: $2,825 · $235/mo
• Projected year-2 tax: $2,825 · $235/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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $24,496
• − Mortgage interest: −$12,598
• − Property taxes: −$2,825
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,960
• − Management: −$1,960
• − Depreciation: −$6,543
• Taxable loss: −$2,513
• Est. tax savings @ 24.0%: +$603
• After-tax cash flow: $1,853/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

+308.9% since first listed

4 events — show timeline

• 2026-04-29 Pending — BRIGHT MLS
• 2026-04-17 Listed $224,900 BRIGHT MLS
• 1995-05-10 Sold (Public Records) $87,500 Public Records
• 1991-08-12 Sold (Public Records) $55,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $2,825 · -26.0% YoY. Source: county tax records.