3608 E Joppa Rd · Carney, MD 21234

$250,000

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 3 Days on market

Built 1948 9,480 sqft lot $198/sqft · 29% below area Est $354k · 29% 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 +15.7/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• 1% rule +3.8/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Offer deadline 5/16 at 9pm! Charming Cape Cod single-family home in Parkville. Step inside to a welcoming entryway with a beautiful wooden banister. Bright living room with hardwood floors and plenty of natural light. Spacious dining room with a ceiling fan and hardwood floors, located just off the kitchen. The kitchen was updated in 2009 and features laminate countertops, dark maple cabinets, a tile backsplash, tiled flooring, and space for a table. The door from the kitchen leads to the large level backyard. The main level includes one bedroom with crown molding and a full bath with a tiled shower surround. The upper level offers two additional bedrooms with the traditional dormer-style w

Key facts

• 9,480 sq ft lot
• 2 parking spots
• Built 1948

Property features AI

Exterior

• Parking: Off-street parking for two vehicles; Two total garage and parking spaces
• Utilities: Public water; Public sewer; Natural gas available; Electric available; Cable TV available; Phone service available; Hot water: natural gas
• Home design: Detached home; Shingle roof; Windows with screens and wood frames; Building not winterized
• Construction: Brick and vinyl siding construction; Concrete perimeter foundation
• Exterior features: Porch(es); Sidewalks; Street lights; Exterior lighting; Fully chain link fenced; Backs to trees; Front yard; Rear yard; Level yard

Interior

• Kitchen: Gas oven/range; Refrigerator
• Bedrooms: One bedroom on the main level; Two bedrooms on the upper level
• Flooring: Tile/brick; Solid hardwood; Wood floors
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: Radiator heat (oil-fired); Window air conditioning units
• Interior features: Attic; Tub with shower; Ceiling fans; Crown molding; Dining area; Traditional floor plan; Eat-in kitchen / table space; Wood floors
• Laundry & utility: Washer in unit (basement); Dryer in unit (basement); Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/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 $221k (11.6% below list).
• Recommended offer: $221k (11.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.6% in Carney — 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 78/100 on livability (#73 in MD, #2,656 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, commute A, employment A; Watch: cost of living C-, amenities D+, crime D-.
• 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 (+6.7%/yr); 232 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 32% of the median local income ($84k/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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $150k; list at $250k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 $221,005 (11.6% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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?
4. 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.
5. 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.
6. 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: 0.88% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.86%
• DSCR: 1.08
• GRM: 9.4

CMA / ARV

• ARV (median comp): $353,686
• List price: $250,000
• Delta: -29.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9111 Simms Ave	0.31mi	3/1.5	1,251 (-1%)	14mo	$345,000	$276	71
3826 E Joppa Rd	0.53mi	3/1.5	1,275 (+1%)	22mo	$299,900	$235	53
9824 Britinay Ln	0.59mi	3/2.0	1,399 (+11%)	12mo	$335,000	$239	40
3322 Summit Ave	0.59mi	2/1.0 (-1)	1,134 (-10%)	21mo	$255,000	$225	34

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: -9.5%
• Equity multiple: 0.64×
• Total profit: $-25,147
• Equity at exit: $37,276

10-year hold

• IRR: 4.1%
• Equity multiple: 1.35×
• Total profit: $24,461
• Equity at exit: $21,615

Cash invested: $70,000 (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 21234

• Rents YoY: 6.7%
• Active inventory: 232
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,210 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$222 /mo · $2,669/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $108

Break-even live

Break-even rent $2,073

Max offer price $250,000

Occupancy floor 90%

Sensitivity live

Price	-10% $250	-5% $179	+0% $108	+5% $38	+10% $-33
Rent	-10% $-66	-5% $21	+0% $108	+5% $196	+10% $283
Rate	-1.0pp $234	-0.5pp $172	base $108	+0.5pp $44	+1.0pp $-22

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9730 Red Clover Ct Parkville, MD	3.0	1.5	1280	$2,200	$1.72	44d	1	0.25mi
9 Robinway Ct Unit 25E Nottingham, MD	3.0	2.0	1500	$2,750	$1.83	44d	1	0.45mi
8552 Hydra Ln Unit 11G Nottingham, MD	4.0	2.0	1296	$2,872	$2.22	18d	1	0.50mi
24 Lerner Ct Unit 32H Nottingham, MD	3.0	2.0	1556	$2,295	$1.47	18d	1	0.52mi
11 Springtowne Cir Parkville, MD	1.0–2.0	1.0–2.5	819	$1,957	$2.39	5d	21	0.55mi
3754 Foxford Stream Rd Nottingham, MD	4.0	4.0	1360	$2,800	$2.06	44d	1	0.57mi
8507 Gradien Dr Baltimore, MD	3.0	1.5	1056	$2,100	$1.99	24d	1	0.58mi
8818 Blairwood Rd Nottingham, MD	1.0–2.0	1.0	900	$1,649	$1.83	3d	42	0.58mi
55 Insley Way Nottingham, MD	2.0–3.0	1.0–1.5	820	$1,900	$2.32	13d	15	0.60mi
9428 Orbitan Ct Parkville, MD	2.0	1.5	1670	$2,250	$1.35	44d	1	0.72mi
1 Waldmann Mill Ct Nottingham, MD	2.0–3.0	1.0–1.5	1076	$2,249	$2.09	4d	12	0.79mi
4219 Slater Ave Nottingham, MD	3.0	1.0	1174	$2,000	$1.70	44d	1	0.80mi
9702 Oakdale Ave Parkville, MD	4.0	2.0	1188	$2,000	$1.68	44d	1	0.81mi
105 Bourbon Ct Parkville, MD	3.0	2.5	1320	$2,150	$1.63	44d	1	0.82mi
8334 Tapu Ct Nottingham, MD	3.0	2.5	1302	$2,100	$1.61	15d	1	0.83mi
4236 Slater Ave Nottingham, MD	3.0	2.0	1266	$2,500	$1.97	3d	1	0.88mi
21 Monhegan Ct Unit 28B Nottingham, MD	3.0	2.0	1436	$1,900	$1.32	44d	1	0.92mi
2 Durness Ct Unit 30I Nottingham, MD	3.0	2.0	1446	$2,100	$1.45	44d	1	0.93mi
8501 Walther Blvd Nottingham, MD	1.0–2.0	1.0	780	$1,629	$2.09	3d	21	0.95mi
3201 E Joppa Rd Parkville, MD	3.0	1.5	1812	$2,800	$1.55	44d	1	0.97mi
9608 9th Ave Parkville, MD	3.0	1.5	1040	$2,200	$2.12	6d	1	1.02mi
19 Hoban Ct Nottingham, MD	3.0	2.5	1410	$2,200	$1.56	22d	1	1.16mi
10 Darbytown Ct Nottingham, MD	3.0	2.0	1420	$1,950	$1.37	44d	1	1.18mi
21 Kirwin Ct Parkville, MD	4.0	2.5	1800	$2,872	$1.60	18d	1	1.24mi
2924 Cub Hill Rd Parkville, MD	3.0	2.0	1770	$2,695	$1.52	44d	1	1.25mi
24 Maple Hollow Ct Parkville, MD	3.0	3.5	1600	$2,400	$1.50	44d	1	1.26mi
3800 Meghan Dr Unit 3C Nottingham, MD	3.0	2.0	1379	$2,100	$1.52	6d	1	1.27mi
3 Sagebrush Ct Nottingham, MD	3.0	2.0	1395	$2,100	$1.51	44d	1	1.27mi
3407 Orbitan Rd Parkville, MD	3.0	1.5	1508	$2,200	$1.46	24d	1	1.29mi
2908 5th Ave Parkville, MD	3.0	1.0	1260	$1,950	$1.55	44d	1	1.34mi
9150 Parkland Rd Parkville, MD	1.0–2.0	1.0–1.5	931	$1,530	$1.64	2d	57	1.34mi
16 Pike Hall Pl Nottingham, MD	3.0	2.5	1280	$2,400	$1.88	6d	1	1.39mi
9300 Carney Ave Unit A Parkville, MD	2.0	1.0	1392	$1,300	$0.93	44d	1	1.41mi
5 Cardor Ct #5 Nottingham, MD	2.0	1.5	1314	$2,200	$1.67	44d	1	1.42mi
1 Durban Ct Nottingham, MD	1.0–3.0	1.0–2.0	999	$2,530	$2.53	2d	24	1.43mi
7935 Belridge Rd Nottingham, MD	1.0–3.0	1.0–1.5	974	$2,172	$2.23	3d	17	1.46mi
23 Beloak Ct Nottingham, MD	3.0	2.5	1760	$2,350	$1.34	6d	1	1.47mi
35 Bellfalls Way Nottingham, MD	3.0	2.5	1642	$2,300	$1.40	6d	1	1.48mi

Listing history 4 events

1. 2026-05-17
   status Pending 1019-char remark
2. 2026-05-15
   listed $250,000 Active 1019-char remark
3. 2026-05-01
   historical $250,000 1019-char remark
4. 2005-03-10
   soldstatus $150,000

ⓘ 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: $2,669 · $222/mo
• Projected year-2 tax: $2,697 · $225/mo
• Expected delta: +$28/yr (+$2/mo · 1.1%)

ⓘ 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 2/10 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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,521
• − Mortgage interest: −$14,004
• − Property taxes: −$2,669
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,122
• − Management: −$2,122
• − Depreciation: −$7,273
• Taxable loss: −$2,918
• Est. tax savings @ 24.0%: +$700
• After-tax cash flow: $2,001/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 — Carney

• Score: 78/100
• State rank: #73
• US rank: #2656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carney, MD
• County: Baltimore County · 769,527 people
• City population: 65,010
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

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 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 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: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

+66.7% since first listed

4 events — show timeline

• 2026-05-17 Pending — BRIGHT MLS
• 2026-05-15 Listed $250,000 BRIGHT MLS
• 2026-05-01 Coming Soon $250,000 BRIGHT MLS
• 2005-03-10 Sold (Public Records) $150,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $2,669 · +3.8% YoY. Source: county tax records.