408 Bauers Dr · Edgewood, MD 21040

$65,000

4 bd · 2.0 ba · 1,216 sqft · SingleFamily · 319 Days on market

Built 2001 Good condition $53/sqft · 77% below area ↓ 7% since listing

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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
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

Key facts

• Updated interior
• New appliances
• Built 2001

Tags

• UPDATED INTERIOR
• NEW APPLIANCES
• FULLY RENOVATED BATHROOM
• PEACEFUL NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 31.2% vs local median 5.5% in Edgewood — 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 73/100 on livability (#118 in MD, #4,991 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D, amenities D, crime F.
• Harford County Public Schools (suburban): math 22% / reading 39% proficiency, ranked #9 of 24 in MD (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.9%/yr); 94 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 803 units permitted in Harford County in 2024 (26 in 5+ unit buildings).
• This rent runs 33% 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 $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 319 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 319 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 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?
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: 3.50% ✓
• Cap rate: 31.18%
• Cash-on-cash: 88.89%
• DSCR: 4.96
• GRM: 2.4

CMA / ARV

• ARV (median comp): $284,223
• List price: $65,000
• Delta: -77.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
501 Arbor Ct	0.25mi	4/1.5	1,144 (-6%)	3mo	$315,000	$275	74
630 Sequoia Dr	0.42mi	3/1.5 (-1)	1,144 (-6%)	0mo	$307,000	$268	63
611 Hartwood Ln	0.27mi	4/1.5	1,144 (-6%)	22mo	$205,000	$179	57
621 Hartwood Ln	0.33mi	4/1.5	1,300 (+7%)	23mo	$220,000	$169	52
2414A Willoughby Beach Rd	0.37mi	3/2.0 (-1)	1,352 (+11%)	11mo	$267,000	$197	50
341 Winterberry Dr	0.58mi	3/1.5 (-1)	1,304 (+7%)	10mo	$295,000	$226	46
126 Laburnum Rd	0.67mi	3/1.5 (-1)	1,304 (+7%)	5mo	$285,000	$219	45
107 Oak St	0.74mi	3/1.5 (-1)	1,200 (-1%)	14mo	$215,000	$179	45
3040 Ebbtide Dr	0.48mi	3/2.0 (-1)	1,326 (+9%)	17mo	$331,000	$250	44
624 Sequoia Dr	0.40mi	3/2.0 (-1)	1,040 (-14%)	18mo	$210,000	$202	37
604 Pier Dr	0.59mi	3/2.0 (-1)	1,354 (+11%)	16mo	$315,000	$233	36
607 Haven Pl	0.64mi	3/1.5 (-1)	1,326 (+9%)	18mo	$280,000	$211	33

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 · 4.92% rent growth · sell at horizon

5-year hold

• IRR: 91.7%
• Equity multiple: 5.39×
• Total profit: $79,846
• Equity at exit: $9,692

10-year hold

• IRR: 95.0%
• Equity multiple: 11.95×
• Total profit: $199,349
• Equity at exit: $5,620

Cash invested: $18,200 (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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 94
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $2,275 high
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $1,348

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 36%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2120 Cedar Dr Apt F Edgewood, MD	3.0	1.5	1000	$1,295	$1.29	43d	1	0.79mi
3184 Ebbtide Dr Edgewood, MD	3.0	3.0	1224	$2,600	$2.12	20d	1	0.87mi
3184 Ebbtide Dr Edgewood, MD	3.0	3.0	1224	$2,600	$2.12	43d	1	0.87mi
8 Lasonia Ct Edgewood, MD	3.0	3.0	1468	$2,224	$1.51	14d	1	0.97mi
1046 Agate Dr Unit 1 Edgewood, MD	4.0	2.5	1440	$2,150	$1.49	17d	1	1.05mi
2033 Armstrong St Edgewood, MD	1.0–4.0	1.0–2.0	1000	$1,974	$1.97	1d	6	1.10mi
2842 Beckon Dr Unit 1 Edgewood, MD	4.0	1.5	1296	$2,100	$1.62	43d	1	1.15mi

Listing history 19 events

1. 2026-06-18
   days on market $65,000 Active 319 DOM
2. 2026-06-17
   days on market $65,000 Active 318 DOM
3. 2026-06-16
   days on market $65,000 Active 317 DOM
4. 2026-06-15
   days on market $65,000 Active 316 DOM
5. 2026-06-13
   days on market $65,000 Active 314 DOM
6. 2026-06-09
   days on market $65,000 Active 310 DOM
7. 2026-06-08
   days on market $65,000 Active 309 DOM
8. 2026-06-07
   days on market $65,000 Active 308 DOM
9. 2026-06-04
   pricedays on market $65,000 Active 305 DOM
10. 2026-06-03
    days on market $70,000 Active 304 DOM
11. 2026-06-02
    days on market $70,000 Active 303 DOM
12. 2026-06-01
    days on market $70,000 Active 302 DOM
13. 2026-05-31
    days on market $70,000 Active 301 DOM
14. 2026-04-02
    status Active 687-char remark

    Show marketing remark (687 chars)

    Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

15. 2026-03-26
    historical Active Under Contract 687-char remark

    Show marketing remark (687 chars)

    Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

16. 2025-09-25
    status Active 687-char remark

    Show marketing remark (687 chars)

    Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

17. 2025-09-14
    historical 687-char remark

    Show marketing remark (687 chars)

    Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

18. 2025-09-08
    price $70,000 687-char remark

    Show marketing remark (687 chars)

    Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

19. 2025-07-15
    listed $75,000 Active 687-char remark

    Show marketing remark (687 chars)

    Back on Market! Previous buyer unable to obtain park residency approval due to pet count. Discover turnkey living in this beautifully updated 4-bedroom, 2-bathroom home, ideally situated in a peaceful Edgewood neighborhood. Step inside to find a home that feels brand new, featuring an updated interior and a kitchen equipped with new appliances. The primary bathroom has been fully renovated. With ample space and a serene setting, this home provides a perfect blend of tranquility and modern convenience. It's ready for you to simply unpack and enjoy! Buyer is responsible for their own due diligence regarding all park rules and application requirements prior to submitting an offer.

ⓘ 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: $27,302
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$2,184
• − Management: −$2,184
• − Depreciation: −$1,891
• Taxable income: $16,101
• Est. tax owed @ 24.0%: −$3,864
• After-tax cash flow: $12,314/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 · 13 photos

Good 75/100 Cosmetic rehab

This home is in good condition with updated interiors and a well-maintained exterior. It is ready for a new owner to move in and enjoy.

Value-add opportunities

• Resale Paint the exterior walls — Painting the exterior walls can enhance the curb appeal and make the home look more inviting to potential buyers.
• Rental Clean and maintain the fence — A clean and well-maintained fence can improve the overall appearance of the property and make it more attractive to renters.
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system is essential for both resale and rental value, as it ensures the home is comfortable and energy-efficient.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior walls — Painting the exterior walls can enhance the curb appeal and make the home look more inviting to potential buyers. ↑
• Rental Clean and maintain the fence — A clean and well-maintained fence can improve the overall appearance of the property and make it more attractive to renters. ↑
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system is essential for both resale and rental value, as it ensures the home is comfortable and energy-efficient. ↑

ⓘ 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: Harford County Public Schools
• NCES district ID: 2400390
• Math proficiency: 22% ▼ -23.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $79,569
• Composite: 29.38/100
• National rank: #6527
• State rank: #9 of 24 in MD

Livability — Edgewood

• Score: 73/100
• State rank: #118
• US rank: #4991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, MD
• County: Harford County · 198,512 people
• City population: 24,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 24,960
• Household income: $81,704
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 859.0

Population outlook (Harford County) Hauer SSP2

• Today (2025): 262,292 people
• By 2030: 266,437 · +1.6%
• By 2040: 269,954 · +2.9%
• By 2050: 265,659 · +1.3%
• By 2075: 252,886 · -3.6%
• By 2100: 224,014 · -14.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 45% White 36% Two or more races 11% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Harford

• 2024 margin: R (+13.8) · D 41.9% · R 55.7% · Other 2.4%
• 2008→2024 swing: +5.0pp toward D · 2008: -18.8pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.0 2016: R+24.5 2012: R+19.5 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.14%
• Current HPI: 254.2305
• Rent YoY: ▲ 4.92%
• 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

-6.7% since first listed

6 events — show timeline

• 2026-04-02 Relisted — BRIGHT MLS
• 2026-03-26 Contingent — BRIGHT MLS
• 2025-09-25 Relisted — BRIGHT MLS
• 2025-09-14 Listing Removed — BRIGHT MLS
• 2025-09-08 Price Changed $70,000 BRIGHT MLS
• 2025-07-15 Listed $75,000 BRIGHT MLS