311 Upland Rd · Lochearn, MD 21208

$242,500

4 bd · 1.0 ba · 1,238 sqft · SingleFamily public records · 1 Days on market

Built 1951 7,500 sqft lot $196/sqft · 23% below area Est $317k · 23% under

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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).

• Cash flow +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.2/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Coming Soon! Charming Cape Cod in the highly desirable Sudbrook neighborhood! This unique property offers an oversized commercial garage at the rear, complete with its own separate meter and commercial zoning—presenting a rare opportunity for added flexibility and potential uses. Recent improvements include a newer roof, siding, and windows, all replaced within the past six years. Property is being sold strictly as-is! * * Property in the garage will be considered for sale.

Key facts

• 7,500 sq ft lot
• 8 garage spots
• Built 1951

Property features AI

Exterior

• Parking: Detached garage with 8 garage spaces; Oversized garage with additional storage area; Driveway with 4 parking spaces; Total of 12 garage and parking spaces
• Utilities: Public water; Public sewer; Oil hot water; Oil heating
• Home design: Detached property; Fee simple ownership
• Construction: Foundation: Other; Year built recorded by assessor
• Exterior features: Detached structure; Other above- and below-grade structures present; Lot dimensions listed (1.00 x)

Interior

• Bedrooms: Two bedrooms on the main level; Two bedrooms on the upper level
• Bathrooms: One full bathroom (on the main level)
• Heating & cooling: Baseboard hot water heating (oil-fired); Ceiling fans and window air conditioning units
• Interior features: No basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $242k.

Deal economics

• At list price, monthly cash flow is $276 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $242k).
• Cap rate 8.0% 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 (+5.6%/yr); 170 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 33% of the median local income ($90k/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 $7k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; moderate wind risk, 23% 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 $242,500

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.02% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.05%
• DSCR: 1.27
• GRM: 8.2

CMA / ARV

• ARV (median comp): $316,633
• List price: $242,500
• Delta: -23.41%
• 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
311 Upland Rd	0.00mi	4/1.0	1,238 (0%)	1mo	$250,000	$202	99
700 Greenwood Rd	0.11mi	3/1.0 (-1)	1,258 (+2%)	1mo	$337,500	$268	87
604 Military Ave	0.22mi	3/1.5 (-1)	1,280 (+3%)	2mo	$260,000	$203	76
7215 Alter St	0.40mi	3/1.5 (-1)	1,300 (+5%)	2mo	$216,200	$166	64
20 Waldron Ave	0.61mi	4/2.0	1,221 (-1%)	4mo	$275,000	$225	62
936 Olmstead Rd	0.68mi	4/1.0	1,238 (0%)	12mo	$202,000	$163	58
1015 Kingston Rd	0.62mi	4/2.0	1,238 (0%)	12mo	$327,000	$264	57
215 Hawthorne Ave	0.39mi	3/1.0 (-1)	1,312 (+6%)	12mo	$315,000	$240	56
801 Sturgis Pl	0.60mi	3/1.5 (-1)	1,184 (-4%)	3mo	$330,000	$279	55
7217 N Alter St	0.39mi	3/2.0 (-1)	1,300 (+5%)	11mo	$355,000	$273	55
515 Marshall Ave	0.13mi	3/2.0 (-1)	1,080 (-13%)	13mo	$295,000	$273	53
801 Olmstead Rd	0.69mi	3/2.0 (-1)	1,416 (+14%)	9mo	$368,000	$260	27

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 · 5.64% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-14,960
• Equity at exit: $36,158

10-year hold

• IRR: 6.8%
• Equity multiple: 1.57×
• Total profit: $38,890
• Equity at exit: $20,967

Cash invested: $67,900 (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 21208

• Rents YoY: 5.6%
• Active inventory: 170
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,468 high
• Mortgage (P&I): −$1,272
• Tax from tax record: −$235 /mo · $2,814/yr
• Insurance: −$101
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $276

Break-even live

Break-even rent $2,119

Max offer price $242,500

Occupancy floor 84%

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: $60,625
• Closing costs: $7,275
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
515 Marshall Ave Pikesville, MD	3.0	2.0	1200	$2,750	$2.29	44d	1	0.13mi
19 Warren Park Dr Pikesville, MD	3.0	1.0–2.0	903	$1,700	$1.88	3d	10	0.19mi
220 Brightside Ave Pikesville, MD	3.0	1.5	1233	$2,500	$2.03	18d	1	0.29mi
7248 Early Golden Ln Unit 7248 Pikesville, MD	3.0	2.5	1280	$2,500	$1.95	24d	1	0.45mi
6936 Blanche Rd Baltimore, MD	3.0	1.5	1410	$1,800	$1.28	44d	1	0.63mi
808 Templecliff Rd Pikesville, MD	3.0	2.0	1200	$2,300	$1.92	12d	1	0.76mi
6609 Eberle Dr Baltimore, MD	1.0–3.0	1.0–2.0	1011	$1,787	$1.77	2d	25	0.93mi
3607 Labyrinth Rd Baltimore, MD	1.0–3.0	1.0–2.0	925	$2,100	$2.27	20d	5	1.17mi
4 Deauville Ct Pikesville, MD	1.0–3.0	1.0–2.0	1017	$2,111	$2.07	2d	24	1.25mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	24d	1	1.30mi
7900 Brookford Cir Pikesville, MD	1.0–3.0	1.0–2.0	969	$2,095	$2.16	12d	8	1.37mi
6 Brubar Ct Gwynn Oak, MD	3.0	2.0	1011	$1,630	$1.61	44d	1	1.42mi

Listing history 4 events

1. 2026-05-13
   status Pending 486-char remark
2. 2026-05-06
   historical 486-char remark
3. 2026-04-30
   historical $242,500 486-char remark
4. 1986-12-09
   soldstatus $60,000

ⓘ 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: $2,814 · $235/mo
• Projected year-2 tax: $2,814 · $235/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,614
• − Mortgage interest: −$13,584
• − Property taxes: −$2,814
• − Insurance: −$2,010
• − Repairs & maintenance: −$2,369
• − Management: −$2,369
• − Depreciation: −$7,055
• Taxable loss: −$587
• Est. tax savings @ 24.0%: +$141
• After-tax cash flow: $3,451/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 — 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): 37,276
• Household income: $90,131
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1588.0

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 0.59)
• Race & ethnicity: White 47% Black 43% Hispanic / Latino 4% Two or more races 4% Asian 3%
• Common ancestry: Scotch-Irish 4% Romanian 3% Subsaharan African 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 85% English-only · Spanish 4% Other Indo-European 2% Russian/Polish/Slavic 2%

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: ▼ -299.14%
• Current HPI: 237.5825
• Rent YoY: ▲ 5.64%
• 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

+316.7% since first listed

6 events — show timeline

• 2026-06-03 Sold (Public Records) $250,000 Public Records
• 2026-05-26 Sold (MLS) $250,000 BRIGHT MLS
• 2026-05-13 Pending — BRIGHT MLS
• 2026-05-06 Listing Removed — BRIGHT MLS
• 2026-04-30 Coming Soon $242,500 BRIGHT MLS
• 1986-12-09 Sold (Public Records) $60,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $2,814 · +6.9% YoY. Source: county tax records.