371 Baltimore Ave · Odenton, MD 21113

$275,000

3 bd · 2.0 ba · 1,671 sqft · SingleFamily public records · 10 Days on market

Built 1970 6,000 sqft lot Est $480k · 43% 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 +20.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +5.1/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Exceptional opportunity to transform this detached split-foyer home into something truly special! Situated on a generously sized lot, this property offers tremendous potential for investors, renovators, or buyers looking to customize a home to their exact vision. The spacious yard provides ample room for outdoor living, entertaining, gardening, or future enhancements. Ideally located in the heart of Odenton, the property offers convenient access to major commuter routes including Routes 32, 97, and I-295, as well as the Odenton MARC Station for easy travel to Washington, DC, Baltimore, and beyond. Enjoy close proximity to shopping, dining, parks, schools, and everyday conveniences, with For

Key facts

• Spacious yard
• Generously sized lot
• Convenient access

Tags

• GENEROUSLY SIZED LOT
• SPACIOUS YARD
• CONVENIENT ACCESS
• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING
• CLOSE PROXIMITY TO PARKS

Property features AI

Finance

• Other: Ownership: Fee simple; Living area and square-foot sources reported from assessor

Exterior

• Parking: Driveway parking; Two driveway parking spaces; Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached property; Finished above-grade area; Finished below-grade area
• Construction: Permanent foundation
• Exterior features: Not located on tidal water

Interior

• Bedrooms: Two bedrooms on the main level; One bedroom on the lower level
• Bathrooms: One full bathroom on the main level; One full bathroom on the lower level (total 2 full bathrooms)
• Heating & cooling: Heat pump(s); Cooling: Other; Heating fuel: Other; Hot water: Other
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $350 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Cap rate 7.8% vs local median 3.9% in Odenton — 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 70/100 on livability (#161 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: crime C-, amenities F, commute 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 (+2.0%/yr); 153 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $96k; list at $275k implies a 187% gain — meaningful room to come down on a strong offer.

Recommended offer $275,000

Questions for the listing agent

1. Built in 1970 — 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 B-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. 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.
5. 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.
6. 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: 1.01% ✓
• Cap rate: 7.82%
• Cash-on-cash: 5.46%
• DSCR: 1.24
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $479,577
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1307 Odenton Rd	0.44mi	3/2.0	1,866 (+12%)	0mo	$510,000	$273	60
8406 Piney Orchard Pkwy	0.47mi	3/3.0	1,764 (+6%)	23mo	$412,791	$234	45
1309 Odenton Rd	0.43mi	4/2.0 (+1)	1,547 (-7%)	23mo	$425,000	$275	44
1245 Baliol Ln	0.73mi	3/2.0	1,458 (-13%)	11mo	$455,000	$312	35
1312 Treasure Dr	0.61mi	4/3.5 (+1)	1,916 (+15%)	12mo	$648,000	$338	26
495 Rita Dr	0.74mi	3/1.5	1,462 (-12%)	23mo	$420,000	$287	24

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 · 1.98% rent growth · sell at horizon

5-year hold

• IRR: -9.0%
• Equity multiple: 0.67×
• Total profit: $-25,075
• Equity at exit: $41,003

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-4,414
• Equity at exit: $23,777

Cash invested: $77,000 (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 21113

• Home prices YoY: -24.3%
• Rents YoY: 2.0%
• Active inventory: 153
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,765 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$277 /mo · $3,328/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$581
• Net cashflow: $350

Break-even live

Break-even rent $2,322

Max offer price $275,000

Occupancy floor 82%

Sensitivity live

Price	-10% $506	-5% $428	+0% $350	+5% $272	+10% $194
Rent	-10% $132	-5% $241	+0% $350	+5% $459	+10% $568
Rate	-1.0pp $489	-0.5pp $420	base $350	+0.5pp $279	+1.0pp $206

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8313 Telegraph Rd Odenton, MD	1.0–2.0	1.0–2.0	995	$2,787	$2.80	2d	16	0.31mi
1415 Duckens St Odenton, MD	1.0–2.0	1.0–2.0	1021	$2,490	$2.44	3d	10	0.58mi
2005 Town Center Blvd Odenton, MD	1.0–2.0	1.0–2.0	848	$2,925	$3.45	3d	15	0.73mi
1806 Kellington Ct Odenton, MD	3.0	2.5	2184	$3,250	$1.49	13d	1	0.78mi
2008 Thornbrook Way Odenton, MD	3.0	2.5	2120	$3,150	$1.49	11d	1	0.78mi
511 Kingdom Ct Odenton, MD	3.0	2.5	1610	$2,399	$1.49	5d	1	0.80mi
661 Realm Ct W Odenton, MD	2.0	2.5	1490	$2,250	$1.51	24d	1	0.84mi
659 Realm Ct W Odenton, MD	3.0	1.5	1600	$2,400	$1.50	24d	1	0.84mi
1934 Hackberry Ct Odenton, MD	3.0	2.5	1612	$2,700	$1.67	24d	1	0.92mi
1934 Palonia Ct Odenton, MD	3.0	2.5	1612	$2,295	$1.42	24d	1	0.95mi
2014 Crosbyside Ct Odenton, MD	3.0	2.5	1609	$2,700	$1.68	44d	1	0.98mi
537 Tranquil Ct Odenton, MD	1.0–3.0	1.0–2.0	892	$2,415	$2.71	2d	18	1.00mi
308 Assembly Point Ct Odenton, MD	3.0	2.0	1672	$2,700	$1.61	24d	1	1.02mi
2027 Odens Station Ln Odenton, MD	1.0–3.0	1.0–2.0	1035	$3,015	$2.91	2d	49	1.02mi
231 Kirbys Landing Ct Odenton, MD	3.0	2.5	1716	$2,699	$1.57	44d	1	1.05mi
315 Eagles Landing Ct Odenton, MD	2.0	2.0	1156	$2,250	$1.95	44d	1	1.11mi
300 Gatehouse Ln Odenton, MD	1.0–3.0	1.0–3.0	1045	$2,759	$2.64	3d	43	1.11mi
178 Goldsborough Dr Odenton, MD	3.0	2.5	1672	$2,850	$1.70	24d	1	1.16mi
229 Miles River Ct Odenton, MD	3.0	3.0	1952	$2,795	$1.43	5d	1	1.23mi
217 Miles River Ct Odenton, MD	3.0	3.5	1966	$2,850	$1.45	14d	1	1.24mi
110 Burns Crossing Rd Severn, MD	4.0	2.0	1284	$2,950	$2.30	14d	1	1.27mi
185 Hidden Hill Cir Odenton, MD	3.0	2.5	1966	$2,700	$1.37	44d	1	1.28mi
251 Saint Michaels Cir Odenton, MD	4.0	3.5	2194	$3,100	$1.41	4d	1	1.45mi
2419 Warm Spring Way Odenton, MD	3.0	2.5	1613	$2,650	$1.64	22d	1	1.46mi

Listing history 8 events

1. 2026-06-10
   status $275,000 Pending 10 DOM
2. 2026-06-09
   days on market $275,000 Active 10 DOM
3. 2026-06-08
   days on market $275,000 Active 9 DOM
4. 2026-06-07
   days on market $275,000 Active 8 DOM
5. 2026-06-04
   days on market $275,000 Active 5 DOM
6. 2026-06-03
   days on market $275,000 Active 4 DOM
7. 2026-06-02
   days on market $275,000 Active 3 DOM
8. 2026-06-01
   days on market $275,000 Active 2 DOM

ⓘ 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: $3,328 · $277/mo
• Projected year-2 tax: $3,328 · $277/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $33,176
• − Mortgage interest: −$15,404
• − Property taxes: −$3,328
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,654
• − Management: −$2,654
• − Depreciation: −$8,000
• Taxable loss: −$239
• Est. tax savings @ 24.0%: +$57
• After-tax cash flow: $4,258/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 — Odenton

• Score: 70/100
• State rank: #161
• US rank: #7349

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Odenton, MD
• County: Anne Arundel County · 535,653 people
• City population: 36,705
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 36,705
• Household income: $125,639
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1190.0

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 0.68)
• Race & ethnicity: White 46% Black 29% Two or more races 11% Hispanic / Latino 11% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 11% · Canada, South Korea, China
• Languages at home: 83% English-only · Spanish 7% Other Indo-European 2% Chinese 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: ▼ -87.76%
• Current HPI: 273.3267
• Rent YoY: ▲ 1.98%
• 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

+186.8% since first listed

2 events — show timeline

• 2026-05-30 Listed $275,000 BRIGHT MLS
• 1988-10-26 Sold (Public Records) $95,900 Public Records

Property tax history

+5.1%/yr

Latest (2025): $3,328 · +2.7% YoY. Source: county tax records.