7130 Greenwood Ave · Overlea, MD 21206

$198,734

2 bd · 1.0 ba · 960 sqft · Townhouse public records · 33 Days on market

Built 1953 4,235 sqft lot Est $181k · 10% over

---

Why this score? — see what drove the F 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 +10.4/30.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• ARV discount +3.2/15.0
• DSCR +3.0/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Coming Soon, The finishing touches are being made ! So affordable and move-in ready! Great rear yard, covered patio, summer BBQ's with friends and family! Finished lower level! Off street parking for multiple cars! This is a Steal of a Deal!!! Keep you eyes on this one!!!

Key facts

• Built 1953
• Listed 33 days

Property features AI

Finance

• Other: Total below-grade area of 480 (finished basement); Above-grade finished area estimated at 1,000
• Financial info: Ground rent payment of $120 semi-annually; Ownership with ground rent

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public water; Public sewer
• Home design: Semi-detached home; Brick exterior
• Construction: Brick construction; Block foundation; Above-grade and below-grade structures
• Exterior features: Fully fenced rear yard; Not in a federal flood zone; Suburban location; Ground rent exists (semi-annual payment)

Interior

• Kitchen: Gas range/oven; Range hood; Refrigerator
• Bedrooms: Two bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating fueled by natural gas; Central air conditioning; Ceiling fan(s)
• Interior features: Open floor plan with combined dining and living area; Finished basement with outside entrance and sump pump; One fireplace
• Laundry & utility: Washer; Dryer; Hot water provided by natural gas

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $199k.

Deal economics

• At list price, monthly cash flow is $-104 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $180k (9.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (21.7% below list).
• Recommended offer: $156k (21.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#38 in MD, #1,418 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: Fullerton Elementary (math 21% / reading 26%, grade F, #285 of 860 statewide, top 33%, 411 students, 58% FRL); Parkville Middle (math 9% / reading 43%, grade F, #91 of 225 statewide, top 42%, 999 students, 55% FRL); Overlea High (math 2% / reading 27%, grade F, #185 of 222 statewide, top 85%, 1,365 students, 63% FRL) — zoned schools average 59% FRL vs 39% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.4%/yr); 180 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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

• It's been on market 33 days — a 3% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y ago; this cycle's ask is 22% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $115k; list at $199k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — 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 $155,599 (21.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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?
7. 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.
8. 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.
9. 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: 0.78% ✗
• Cap rate: 5.67%
• Cash-on-cash: -2.24%
• DSCR: 0.90
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $181,440
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7105 Willowdale Ave	0.03mi	2/1.0	960 (0%)	20mo	$204,900	$213	82
626 Dale Ave	0.35mi	3/1.5 (+1)	1,040 (+8%)	6mo	$190,000	$183	58
5933 Meadow Rd	0.71mi	3/1.0 (+1)	978 (+2%)	15mo	$185,000	$189	46

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -18.5%
• Equity multiple: 0.34×
• Total profit: $-36,541
• Equity at exit: $29,632

10-year hold

• IRR: -8.3%
• Equity multiple: 0.45×
• Total profit: $-30,738
• Equity at exit: $17,183

Cash invested: $55,646 (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 21206

• Rents YoY: 4.4%
• Active inventory: 180
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,556 high
• Mortgage (P&I): −$1,042
• Tax from tax record: −$208 /mo · $2,496/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $-104

Break-even live

Break-even rent $1,687

Max offer price $180,411

Occupancy floor —

Sensitivity live

Price	-10% $9	-5% $-47	+0% $-104	+5% $-160	+10% $-216
Rent	-10% $-227	-5% $-165	+0% $-104	+5% $-42	+10% $19
Rate	-1.0pp $-4	-0.5pp $-53	base $-104	+0.5pp $-155	+1.0pp $-208

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: $49,684
• Closing costs: $5,962
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35-C Mopec Cir Nottingham, MD	2.0	1.0	1100	$1,445	$1.31	0d	9	0.75mi
3807 Fleetwood Ave Unit 3 Baltimore, MD	1.0	1.0	797	$1,165	$1.46	45d	1	0.82mi
3807 Fleetwood Ave Unit 2 Baltimore, MD	3.0	1.0	937	$1,550	$1.65	6d	1	0.82mi
3807 Fleetwood Ave Unit 1 Baltimore, MD	2.0	1.0	969	$1,490	$1.54	6d	1	0.82mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	45d	7	1.15mi
5738 Cedonia Ave Baltimore, MD	2.0	1.0	797	$1,372	$1.72	0d	2	1.35mi
5906 Benton Heights Ave Baltimore, MD	2.0	1.0	780	$1,350	$1.73	45d	1	1.42mi

Listing history 21 events

1. 2026-06-21
   days on market $198,734 Coming Soon 33 DOM
2. 2026-06-18
   days on market $198,734 Coming Soon 30 DOM
3. 2026-06-17
   days on market $198,734 Coming Soon 29 DOM
4. 2026-06-16
   days on market $198,734 Coming Soon 28 DOM
5. 2026-06-15
   days on market $198,734 Coming Soon 27 DOM
6. 2026-06-13
   days on market $198,734 Coming Soon 25 DOM
7. 2026-06-09
   days on market $198,734 Coming Soon 21 DOM
8. 2026-06-08
   days on market $198,734 Coming Soon 20 DOM
9. 2026-06-07
   days on market $198,734 Coming Soon 19 DOM
10. 2026-06-04
    days on market $198,734 Coming Soon 16 DOM
11. 2026-06-03
    days on market $198,734 Coming Soon 15 DOM
12. 2026-06-02
    days on market $198,734 Coming Soon 14 DOM
13. 2026-06-01
    days on market $198,734 Coming Soon 13 DOM
14. 2026-05-31
    days on market $198,734 Coming Soon 12 DOM
15. 2026-05-19
    historical $198,734
16. 2012-05-15
    soldstatus $115,000
17. 2011-01-09
    historical Withdrawn
18. 2011-01-09
    historical
19. 2010-07-09
    listed Active
20. 2010-07-09
    listed $162,900
21. 1972-09-13
    soldstatus $17,800

ⓘ 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: $2,496 · $208/mo
• Projected year-2 tax: $2,496 · $208/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,672
• − Mortgage interest: −$11,132
• − Property taxes: −$2,496
• − Insurance: −$994
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$5,781
• Taxable loss: −$4,718
• Est. tax savings @ 24.0%: +$1,132
• After-tax cash flow: $-112/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 — Overlea

• Score: 81/100
• State rank: #38
• US rank: #1418

Category grades

Amenities A+ Commute A+ Cost of living B 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: Overlea, MD
• County: Baltimore City · 558,601 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% Other Indo-European 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+1016.5% since first listed

7 events — show timeline

• 2026-05-19 Coming Soon $198,734 BRIGHT MLS
• 2012-05-15 Sold (Public Records) $115,000 Public Records
• 2011-01-09 Delisted — MRIS
• 2011-01-09 Listing Removed — BRIGHT MLS
• 2010-07-09 Listed — MRIS
• 2010-07-09 Listed $162,900 BRIGHT MLS
• 1972-09-13 Sold (Public Records) $17,800 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,496 · +3.7% YoY. Source: county tax records.