1268 Delbert Ave · Dundalk, MD 21222

$265,000

3 bd · 2.5 ba · 2,062 sqft · Townhouse public records · 4 Days on market

Built 1990 3,882 sqft lot Est $353k · 25% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.3/30.0
• Livability +4.2/5.0
• DSCR +4.0/10.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Immaculate 3 Bedroom, 1.5 Bath Semi-Detached townhome with a fully remodeled eat in kitchen with Stainless Steel Appliances and Silestone countertops * Spacious living room * Separate dining room, * Fully finished basement with walk out * Basement has 2 beautifully finished rooms with full entertaining area. * Home has a charming front porch and deck in the back is composite * Private yard with private parking for up to 4 cars and 2 storage sheds * Roof was replaced approximately 6 years ago with architectural shingles * This home is move in ready and a must see!

Key facts

• 2 parking spots
• Built 1990
• Listed 4 days

Property features AI

Finance

• Other: Total below-grade area: 750 (562 finished, 188 unfinished)
• HOA & community: Ground rent paid annually

Exterior

• Parking: Two total garage and parking spaces; Driveway with 2 spaces; Off-street and on-street parking available
• Utilities: Public water; Public sewer; Electric power
• Home design: Semi-detached property; Effective year built/major remodel: 2023; Year built source: Assessor; Fee simple ownership; Property condition: Excellent
• Construction: Brick and vinyl siding construction; Block foundation; Architectural shingle roof; Building not winterized
• Exterior features: Shed on property; Above-grade and below-grade structures; Not in a federal flood zone

Interior

• Kitchen: Built-in microwave; Electric oven/range; Refrigerator
• Bedrooms: Three bedrooms on the upper level (Master Bedroom, Bedroom 2, Bedroom 3)
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom (upper level); One half bathroom (lower level)
• Heating & cooling: Forced air heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Fully finished, improved basement; Not furnished; Living Room, Dining Room, Family Room, 2nd story Family Room
• Laundry & utility: Washer and dryer; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $265k.

Deal economics

• At list price, monthly cash flow is $-2 ($-22/yr) — negative.
• To cash-flow at today's rent, offer at most $265k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (16.0% below list).
• Recommended offer: $222k (16.0% 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.
• Market conditions: Rents soft (-0.1%/yr); 237 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 42% 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 $8k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $210k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $222,483 (16.0% 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. 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. 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: 0.84% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.03%
• DSCR: 1.00
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $352,602
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1301 Delbert Ave	0.03mi	4/3.5 (+1)	2,044 (-1%)	6mo	$350,000	$171	83

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: -19.7%
• Equity multiple: 0.33×
• Total profit: $-49,590
• Equity at exit: $39,512

10-year hold

• IRR: -20.2%
• Equity multiple: 0.08×
• Total profit: $-68,575
• Equity at exit: $22,912

Cash invested: $74,200 (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 21222

• Rents YoY: -0.1%
• Active inventory: 237
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,225 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$259 /mo · $3,112/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $-2

Break-even live

Break-even rent $2,227

Max offer price $264,672

Occupancy floor 95%

Sensitivity live

Price	-10% $148	-5% $73	+0% $-2	+5% $-77	+10% $-152
Rent	-10% $-178	-5% $-90	+0% $-2	+5% $86	+10% $174
Rate	-1.0pp $132	-0.5pp $66	base $-2	+0.5pp $-71	+1.0pp $-140

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
638 Villager Cir Dundalk, MD	3.0	3.5	1572	$2,450	$1.56	19d	1	0.13mi
643 47th St Baltimore, MD	2.0	2.0	1620	$2,100	$1.30	13d	1	0.28mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,750	$1.23	25d	1	0.44mi
416 Hornel St Unit 2 Baltimore, MD	2.0	1.0	1470	$1,400	$0.95	25d	1	0.76mi
7219 Conley St Baltimore, MD	4.0	1.5	1440	$1,950	$1.35	16d	1	0.82mi
328 Folcroft St Baltimore, MD	3.0	2.0	1460	$2,300	$1.58	25d	1	0.90mi
335 Drew St Unit 1 Baltimore, MD	2.0	1.0	1460	$1,600	$1.10	25d	1	0.95mi
501 Fairview Ave Baltimore, MD	3.0	1.5	1848	$1,824	$0.99	25d	1	0.96mi
301 Cornwall St Baltimore, MD	4.0	2.0	1520	$2,900	$1.91	45d	1	1.02mi
301 Cornwall St Baltimore, MD	4.0	2.0	1520	$2,750	$1.81	12d	1	1.02mi
560 Bayview Blvd Baltimore, MD	1.0–3.0	1.0–3.0	1108	$3,372	$3.04	3d	25	1.05mi
7448 Durwood Rd Dundalk, MD	3.0	2.0	1606	$1,995	$1.24	4d	1	1.08mi
7484 Rabon Ave Dundalk, MD	3.0	1.5	1499	$2,000	$1.33	45d	1	1.11mi
7109 Foundry St Dundalk, MD	4.0	4.5	2080	$3,200	$1.54	45d	1	1.21mi
523 Rappolla St Baltimore, MD	3.0	2.0	1650	$2,100	$1.27	25d	1	1.27mi
727 S Macon St Baltimore, MD	3.0	2.5	1600	$3,450	$2.16	45d	1	1.43mi
608 Oldham St Baltimore, MD	3.0	3.5	1640	$2,500	$1.52	25d	1	1.43mi
1917 Searles Rd Dundalk, MD	3.0	1.5	1955	$1,679	$0.86	45d	1	1.49mi

Listing history 9 events

1. 2026-06-18
   status $265,000 Pending 4 DOM
2. 2026-06-10
   status $265,000 Active Under Contract 4 DOM
3. 2026-06-09
   days on market $265,000 Active 4 DOM
4. 2026-06-08
   days on market $265,000 Active 3 DOM
5. 2026-06-07
   statusdays on market $265,000 Active 2 DOM
6. 2026-06-04
   days on market $265,000 Coming Soon 3 DOM
7. 2026-06-03
   days on market $265,000 Coming Soon 2 DOM
8. 2026-06-02
   remarks 699-char remark
9. 2026-06-02
   listed $265,000 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: $3,112 · $259/mo
• Projected year-2 tax: $3,112 · $259/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 ≥103°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: $26,698
• − Mortgage interest: −$14,844
• − Property taxes: −$3,112
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,136
• − Management: −$2,136
• − Depreciation: −$7,709
• Taxable loss: −$4,564
• Est. tax savings @ 24.0%: +$1,095
• After-tax cash flow: $1,073/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

+167.9% since first listed

8 events — show timeline

• 2026-06-01 Coming Soon $265,000 BRIGHT MLS
• 2021-04-27 Sold (Public Records) $210,000 Public Records
• 2021-03-19 Sold (MLS) $210,000 BRIGHT MLS
• 2021-02-07 Pending — BRIGHT MLS
• 2021-02-07 Price Changed $242,000 BRIGHT MLS
• 2021-01-29 Listed $239,900 BRIGHT MLS
• 1990-12-31 Sold (Public Records) $96,900 Public Records
• 1990-12-19 Sold (Public Records) $98,900 Public Records

Property tax history

+2.8%/yr

Latest (2025): $3,112 · +6.2% YoY. Source: county tax records.