2502 Indians Lair · Edgewood, MD 21040

$275,000

3 bd · 2.5 ba · 1,722 sqft · Townhouse public records · 7 Days on market

Built 2002 6,751 sqft lot $63/mo HOA · 3% of rent

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Why this score? — see what drove the D 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 +13.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• 1% rule +3.5/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home is sold As-Is. Welcome to 2502 Indians Lair, a well-maintained 3-bedroom, 2.5-bath duplex offering comfort, convenience, and outstanding value in Edgewood. Featuring an attached one-car garage and inviting covered front porch, this home provides the perfect opportunity for buyers looking to add their personal touch while avoiding major capital expenses. Several key updates have already been completed, including a roof less than five years old, luxury vinyl plank flooring installed within the last five years, an HVAC system replaced in 2018, and a water heater replaced in 2016. With only fresh paint needed, this home is ready for its next chapter. Inside, you'll find a functional f

Key facts

• Covered front porch
• $63 HOA
• Built 2002

Tags

• ATTACHED ONE CAR GARAGE
• COVERED FRONT PORCH
• ROOF LESS THAN FIVE YEARS OLD
• LUXURY VINYL PLANK FLOORING
• HVAC SYSTEM REPLACED IN 2018
• WATER HEATER REPLACED IN 2016

Property features AI

Finance

• Other: Above-grade finished area 1,722 (assessor)
• HOA & community: HOA fee $190 quarterly; HOA covers common area maintenance

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric hot water; Cable TV available
• Home design: End of Row/Townhouse structure; Estimated year built; Fee simple ownership; Located outside city limits (Edgewood)
• Construction: Vinyl siding; Asphalt roof; Slab foundation; Built by GEMCRAFT
• Exterior features: End of row townhouse setting; No basement

Interior

• Kitchen: Kitchen with table space
• Bedrooms: Three bedrooms on the upper level
• Flooring: Luxury vinyl plank flooring
• Bathrooms: Two full bathrooms (upper level); One half bathroom (main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric)
• Interior features: Table space in kitchen; Traditional floor plan

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $275k.

Deal economics

• At list price, monthly cash flow is $16 ($188/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 $234k (14.8% below list).
• Recommended offer: $234k (14.8% below list) — sets the bar for 1% rule.

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: 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.
• Zoned schools: Deerfield Elementary (math 7% / reading 17%, grade F, #550 of 860 statewide, top 66%, 728 students, 78% FRL); Edgewood Middle (math 7% / reading 31%, grade F, #155 of 225 statewide, top 70%, 999 students, 72% FRL); Edgewood High (math 43% / reading 54%, grade D, #111 of 222 statewide, top 50%, 1,415 students, 62% FRL) — zoned schools average 71% FRL vs 24% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.9%/yr); 95 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 34% 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $105k; list at $275k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $234,413 (14.8% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.85% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.24%
• DSCR: 1.01
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.92% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.49×
• Total profit: $-38,954
• Equity at exit: $41,003

10-year hold

• IRR: -2.3%
• Equity multiple: 0.83×
• Total profit: $-12,958
• 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 21040

• Home prices YoY: -29.4%
• Rents YoY: 4.9%
• Active inventory: 95
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,344 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$217 /mo · $2,598/yr
• Insurance: −$115
• HOA: −$63
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $16

Break-even live

Break-even rent $2,324

Max offer price $275,000

Occupancy floor 94%

Sensitivity live

Price	-10% $171	-5% $93	+0% $16	+5% $-62	+10% $-140
Rent	-10% $-170	-5% $-77	+0% $16	+5% $108	+10% $201
Rate	-1.0pp $154	-0.5pp $86	base $16	+0.5pp $-56	+1.0pp $-128

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 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
619 Hartwood Ln Edgewood, MD	4.0	1.5	1716	$2,300	$1.34	45d	1	0.42mi
2816 Profitt Path Edgewood, MD	4.0	3.0	1660	$2,900	$1.75	45d	1	0.44mi
313 Winterberry Dr Edgewood, MD	3.0	2.5	1798	$2,095	$1.17	22d	1	0.69mi
2033 Armstrong St Edgewood, MD	1.0–4.0	1.0–2.0	1000	$1,766	$1.77	0d	8	0.93mi
8 Lasonia Ct Edgewood, MD	3.0	3.0	1468	$2,224	$1.51	17d	1	1.08mi
3184 Ebbtide Dr Edgewood, MD	3.0	3.0	1224	$2,600	$2.12	22d	1	1.08mi
3184 Ebbtide Dr Edgewood, MD	3.0	3.0	1224	$2,600	$2.12	45d	1	1.08mi
1046 Agate Dr Unit 1 Edgewood, MD	4.0	2.5	1440	$2,150	$1.49	19d	1	1.23mi
705 Bayberry Rd Edgewood, MD	3.0	1.5	1657	$2,600	$1.57	19d	1	1.31mi
2828 Beckon Dr Edgewood, MD	3.0	2.5	1764	$2,300	$1.30	45d	1	1.32mi
2842 Beckon Dr Unit 1 Edgewood, MD	4.0	1.5	1296	$2,100	$1.62	45d	1	1.34mi

HOA detail

• Monthly dues: $63 · $756/yr
• Likely covers: water

Listing history 7 events

1. 2026-06-21
   days on market $275,000 Active 7 DOM
2. 2026-06-18
   days on market $275,000 Active 4 DOM
3. 2026-06-17
   days on market $275,000 Active 3 DOM
4. 2026-06-16
   days on market $275,000 Active 2 DOM
5. 2026-06-15
   status $275,000 Active 1 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $275,000 Coming Soon 1 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: $2,598 · $217/mo
• Projected year-2 tax: $2,798 · $233/mo
• Expected delta: +$200/yr (+$17/mo · 7.7%)

ⓘ 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 7/10 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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,130
• − Mortgage interest: −$15,404
• − Property taxes: −$2,598
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,250
• − Management: −$2,250
• − HOA: −$756
• − Depreciation: −$8,000
• Taxable loss: −$4,504
• Est. tax savings @ 24.0%: +$1,081
• After-tax cash flow: $1,269/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: 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

+161.9% since first listed

4 events — show timeline

• 2026-06-12 Coming Soon $275,000 BRIGHT MLS
• 2003-08-27 Delisted — MRIS
• 2003-04-08 Listed — MRIS
• 2000-08-28 Sold (Public Records) $105,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $2,598 · +5.2% YoY. Source: county tax records.