4 Mountbatten Ct #102 · Lochearn, MD 21207

$140,000

3 bd · 2.0 ba · 1,000 sqft · Condo · 44 Days on market

Built 1968 Fair condition $579/mo HOA

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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).

• ARV discount +15.0/15.0
• Cash flow +13.2/30.0
• Appreciation +9.8/10.0
• 1% rule +9.0/10.0
• DSCR +4.0/10.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Schools +2.3/10.0
• Condition / age +2.2/5.0

Listing remarks MLS

Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

Key facts

• $579 HOA
• Built 1968
• Listed 43 days

Property features AI

Finance

• HOA & community: Cooperative ownership; Monthly coop fee of $579 (professional off-site management); Fee includes exterior building maintenance, insurance, snow removal, trash, and taxes; Common grounds; Property manager present; Pets allowed (dogs and cats OK; case-by-case)

Exterior

• Utilities: Public water; Public sewer; Electric available; Natural gas available
• Home design: Garden-style building (1–4 floors); Unit/flat in a cooperative community; Entry on level 1
• Construction: Brick construction; Estimated year built
• Exterior features: Patio(s); Not in a federal flood zone; Above-grade outdoor structures

Interior

• Kitchen: Dishwasher; Refrigerator; Stove
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Forced air heating; Central air conditioning (electric); Natural gas hot water
• Interior features: Open floor plan with combined dining and living area; Estimated living area
• Laundry & utility: Washer/dryer hookup in unit

🏢 Co-op / cooperative unit. The $140,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $140k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-2 ($-21/yr) — negative.
• To cash-flow at today's rent, offer at most $140k (0.2% below list).
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 4.5% in Lochearn — 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 74/100 on livability (#112 in MD, #4,539 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: crime F, amenities 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 rising fast (+5.2%/yr); 132 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 35% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $14k of equity ($968 loan paydown + $13k appreciation (9.5% local appreciation)).
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (9.5% appreciation + 5.2% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $117k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.

Recommended offer $135,800 (3.0% 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. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 6.28%
• Cash-on-cash: -0.05%
• DSCR: 1.00
• GRM: 6.0

CMA / ARV

• ARV (median comp): $224,237
• List price: $140,000
• Delta: -37.57%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Projected returns pro-forma

9.5% appreciation · 5.23% rent growth · sell at horizon

5-year hold

• IRR: 24.5%
• Equity multiple: 2.94×
• Total profit: $76,231
• Equity at exit: $121,045

10-year hold

• IRR: 22.8%
• Equity multiple: 6.97×
• Total profit: $234,160
• Equity at exit: $255,817

Cash invested: $39,200 (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 21207

• Home prices YoY: 1.1%
• Rents YoY: 5.2%
• Active inventory: 132
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,955 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$579
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $-2

Break-even live

Break-even rent $1,958

Max offer price $139,742

Occupancy floor 95%

Sensitivity live

Price	-10% $95	-5% $47	+0% $-2	+5% $-50	+10% $-99
Rent	-10% $-156	-5% $-79	+0% $-2	+5% $75	+10% $153
Rate	-1.0pp $69	-0.5pp $34	base $-2	+0.5pp $-38	+1.0pp $-75

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Mountbatten Ct Gwynn Oak, MD	3.0	2.0	1000	$2,200	$2.20	4d	1	0.04mi
1 Duke of Windsor Ct Gwynn Oak, MD	1.0–3.0	1.0–2.0	775	$1,984	$2.56	4d	20	0.10mi
6463 Woodgreen Cir Gwynn Oak, MD	3.0	2.5	1230	$1,900	$1.54	19d	1	0.31mi
2008 Woodlawn Dr Woodlawn, MD	1.0–2.0	1.0–2.0	685	$1,719	$2.51	4d	14	0.32mi
6330 Windsor Mill Rd Woodlawn, MD	3.0	1.0	1200	$1,600	$1.33	45d	1	0.42mi
1 Kafern Dr Gwynn Oak, MD	1.0–3.0	1.0–2.0	765	$1,809	$2.36	4d	8	0.55mi
3101 Windsor Blvd Gwynn Oak, MD	1.0–2.0	1.0–2.0	843	$1,755	$2.08	3d	55	0.62mi
6226 Robin Hill Rd Gwynn Oak, MD	3.0	1.5	1140	$2,850	$2.50	17d	1	0.98mi
5533 Gwynn Oak Ave Fl 1 Gwynn Oak, MD	2.0	1.0	1080	$1,600	$1.48	45d	1	1.05mi
6 Brubar Ct Gwynn Oak, MD	2.0	2.0	887	$1,415	$1.60	19d	1	1.18mi
6 Brubar Ct Gwynn Oak, MD	3.0	2.0	1011	$1,630	$1.61	45d	1	1.18mi
1 Janper Ct Baltimore, MD	2.0	1.5	950	$1,500	$1.58	4d	1	1.25mi
4998 W Forest Park Ave Baltimore, MD	3.0	1.0–2.0	790	$1,875	$2.37	16d	15	1.32mi
7120 Bexhill Rd Windsor Mill, MD	3.0	1.0	1140	$2,124	$1.86	45d	1	1.33mi
7206 Rutherford Green Cir Windsor Mill, MD	3.0	2.5	1372	$3,000	$2.19	25d	1	1.36mi
3601 Parkview Ave Gwynn Oak, MD	2.0	1.0	849	$1,412	$1.66	4d	6	1.36mi
7005 Rudisill Ct Baltimore, MD	1.0–3.0	1.0–2.0	794	$1,914	$2.41	3d	21	1.41mi
6957 Rockfield Rd Windsor Mill, MD	3.0	1.5	1024	$2,400	$2.34	21d	1	1.42mi

HOA detail condo

• Monthly dues: $579 · $6,948/yr
• Likely covers: watertrashelectriclandscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $140,000 Active 44 DOM
2. 2026-06-18
   days on market $140,000 Active 41 DOM
3. 2026-06-17
   days on market $140,000 Active 40 DOM
4. 2026-06-16
   days on market $140,000 Active 39 DOM
5. 2026-06-15
   days on market $140,000 Active 38 DOM
6. 2026-06-13
   days on market $140,000 Active 36 DOM
7. 2026-06-09
   days on market $140,000 Active 32 DOM
8. 2026-06-08
   days on market $140,000 Active 31 DOM
9. 2026-06-07
   days on market $140,000 Active 30 DOM
10. 2026-06-04
    days on market $140,000 Active 27 DOM
11. 2026-06-03
    days on market $140,000 Active 26 DOM
12. 2026-06-02
    days on market $140,000 Active 25 DOM
13. 2026-06-01
    days on market $140,000 Active 24 DOM
14. 2026-05-31
    days on market $140,000 Active 23 DOM
15. 2026-05-08
    listed $140,000 Active 393-char remark
16. 2024-09-16
    soldstatus $117,000 Closed 482-char remark

    Show marketing remark (482 chars)

    Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

17. 2024-09-04
    status Pending 482-char remark

    Show marketing remark (482 chars)

    Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

18. 2024-08-23
    historical 482-char remark

    Show marketing remark (482 chars)

    Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

19. 2024-08-19
    price $105,000 482-char remark

    Show marketing remark (482 chars)

    Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

20. 2024-08-19
    listed $105,000 Active 482-char remark

    Show marketing remark (482 chars)

    Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

21. 2024-08-15
    historical $100,000 482-char remark

    Show marketing remark (482 chars)

    Well maintained Co-op unit (406 shares * * * ) nestled in the heart of Gwynn Oak, Maryland. Perfect for a first time home buyer, or investor. Convenient, economical living without outdoor chores. Large bedrooms, abundant closet space. Huge parking lot. Co-op fee pays for grounds maintenance, heat, water, trash removal, and BGE except for electric. Property being sold in "as is" condition . A perfect blend of comfort and convenience—schedule your showing today!

ⓘ 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: $23,464
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$1,877
• − Management: −$1,877
• − HOA: −$6,948
• − Depreciation: −$4,073
• Taxable loss: −$1,953
• Est. tax savings @ 24.0%: +$469
• After-tax cash flow: $447/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 · 12 photos

Fair 45/100 Moderate rehab

This moderate-rehabbed condo unit requires some interior updates and minor repairs to improve its condition and value.

Repairs flagged

• Minor kitchen backsplash — scuff marks on walls
• Minor bathroom fixtures — slight discoloration
• Minor exterior siding — some discoloration

Value-add opportunities

• Resale paint interior walls — fresh paint enhances curb appeal
• Resale replace kitchen backsplash — new backsplash improves kitchen aesthetics
• Both landscaping — improved landscaping enhances curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen backsplash · scuff marks on walls	Minor	$500–3,000
bathroom fixtures · slight discoloration	Minor	$500–3,000
exterior siding · some discoloration	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale paint interior walls — fresh paint enhances curb appeal ↑
• Resale replace kitchen backsplash — new backsplash improves kitchen aesthetics ↑
• Both landscaping — improved landscaping enhances curb appeal and adds value ↑

ⓘ 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: 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 — Lochearn

• Score: 74/100
• State rank: #112
• US rank: #4539

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lochearn, MD
• County: Baltimore County · 769,527 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,099
• Household income: $67,060
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 2139.0

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 (78%)
• Race & ethnicity: Black 78% White 8% Hispanic / Latino 7% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Swedish 1%
• Foreign-born: 13% · Canada, Philippines, South Korea
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 1% Other Asian/Pacific 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: ▲ 9.50%
• Current HPI: 843.63
• Rent YoY: ▲ 5.23%
• 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

+40.0% since first listed

7 events — show timeline

• 2026-05-08 Listed $140,000 BRIGHT MLS
• 2024-09-16 Sold (MLS) $117,000 BRIGHT MLS
• 2024-09-04 Pending — BRIGHT MLS
• 2024-08-23 Listing Removed — BRIGHT MLS
• 2024-08-19 Price Changed $105,000 BRIGHT MLS
• 2024-08-19 Listed $105,000 BRIGHT MLS
• 2024-08-15 Coming Soon $100,000 BRIGHT MLS