729 Aldworth Rd · Dundalk, MD 21222

$185,000

3 bd · 1.0 ba · 1,144 sqft · Townhouse public records · 11 Days on market

Built 1954 1,742 sqft lot $162/sqft · at area comps Est $186k · at est.

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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 +24.3/30.0
• DSCR +7.8/10.0
• ARV discount +7.7/15.0
• 1% rule +5.9/10.0
• Livability +4.2/5.0
• 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

Nestled in the charming Beverly Hills neighborhood, this townhouse offers a perfect blend of comfort and convenience. Built in 1954, the home has been lived in and is in need of some cosmetic items. .. Painting and flooring. With three spacious bedrooms and one and a half bathrooms, this home is a perfect starter home. Step outside to discover a fenced rear yard. shed that adds extra storage and new steps off the back porch, where you can enjoy your summer evenings. The property has convenient road frontage and sidewalks, making it easy to explore the friendly community. Inside, you'll find a well-equipped kitchen featuring a built-in gas range, oven, and refrigerator. The laundry area is conveniently located in the basement, which is partially finished and offers additional space for storage or extra living area. Residents enjoy easy access to major commuter routes. This property is not just a house; it's a place to create lasting memories. Experience the charm and comfort of this lovely townhouse in a community that feels like home.

Key facts

• Built 1954
• Listed 11 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Cap rate 8.7% vs local median 6.2% in Dundalk — 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 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); 236 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).
• This rent runs 38% 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 $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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $185,000

Questions for the listing agent

1. Built in 1954 — 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. 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. 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.
6. 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.
7. 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: 1.09% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.64%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

• ARV (median comp): $185,833
• List price: $185,000
• Delta: -0.45%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7552 Rabon Ave	0.25mi	3/1.5	1,144 (0%)	2mo	$132,000	$115	85
640 Aldworth Rd	0.08mi	3/2.0	1,144 (0%)	9mo	$150,000	$131	84
805 Mildred Ave	0.28mi	3/1.5	1,144 (0%)	1mo	$235,000	$205	84
815 Jeannette Ave	0.13mi	3/1.5	1,124 (-2%)	10mo	$225,000	$200	81
815 Mildred	0.28mi	3/1.5	1,144 (0%)	12mo	$170,000	$149	75
7475 Rabon Ave	0.12mi	3/1.5	1,024 (-10%)	4mo	$170,000	$166	72
7545 Ives Ln	0.69mi	3/1.0	1,144 (0%)	7mo	$159,000	$139	62
874 Mildred Ave	0.27mi	3/2.0	1,280 (+12%)	3mo	$226,000	$177	62
849 Loalan Ave	0.19mi	3/1.5	1,024 (-10%)	12mo	$185,000	$181	61
857 Mildred Ave	0.28mi	3/2.0	1,024 (-10%)	13mo	$240,000	$234	55
1617 Searles Rd	0.66mi	3/2.0	1,232 (+8%)	7mo	$242,000	$196	46
2734 Plainfield Rd	0.74mi	2/2.0 (-1)	1,295 (+13%)	4mo	$205,000	$158	32

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: -6.5%
• Equity multiple: 0.77×
• Total profit: $-12,153
• Equity at exit: $27,584

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-2,925
• Equity at exit: $15,995

Cash invested: $51,800 (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: 236
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,025 high
• Mortgage (P&I): −$970
• Tax from tax record: −$179 /mo · $2,152/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $373

Break-even live

Break-even rent $1,553

Max offer price $185,000

Occupancy floor 77%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7484 Rabon Ave Dundalk, MD	3.0	1.5	1499	$2,000	$1.33	43d	1	0.14mi
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	43d	1	0.17mi
849 Loalan Ave Dundalk, MD	3.0	1.5	1024	$1,850	$1.81	14d	1	0.21mi
7444 Berkshire Rd Baltimore, MD	3.0	1.5	1228	$1,850	$1.51	4d	1	0.29mi
944 Dalton Ave Baltimore, MD	3.0	2.0	1024	$2,100	$2.05	10d	1	0.42mi
932 Elton Ave Baltimore, MD	3.0	2.0	1024	$1,950	$1.90	17d	1	0.46mi
7517 Belmont Ave Baltimore, MD	2.0	1.0	720	$1,800	$2.50	17d	1	0.51mi
901 Elton Ave Baltimore, MD	4.0	2.0	1056	$2,800	$2.65	43d	1	0.51mi
7508 Ives Ln Dundalk, MD	2.0	1.0	896	$1,750	$1.95	43d	1	0.62mi
1533 Leslie Rd Dundalk, MD	4.0	1.0	1270	$2,000	$1.57	43d	1	0.67mi
608 Northpoint Rd Baltimore, MD	3.0	1.5	1148	$1,895	$1.65	23d	1	0.68mi
1955 Walnut Ave Dundalk, MD	3.0	1.0	950	$2,300	$2.42	43d	1	0.76mi
630 47th St Unit B Baltimore, MD	2.0	1.0	750	$1,200	$1.60	43d	1	0.76mi
628 47th St Apt RW2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	10d	1	0.77mi
505 Northpoint Rd Baltimore, MD	3.0	2.0	1300	$2,195	$1.69	11d	1	0.79mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,750	$1.23	23d	1	0.87mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	43d	1	0.91mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	23d	1	0.93mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	17d	1	0.98mi
7325 Conley St Baltimore, MD	3.0	2.0	1290	$1,950	$1.51	17d	1	0.99mi
414 Westfield Rd Dundalk, MD	3.0	1.0	1024	$2,300	$2.25	43d	1	1.00mi
7219 Conley St Baltimore, MD	4.0	1.5	1440	$1,950	$1.35	14d	1	1.00mi
309 52nd St Unit A Baltimore, MD	2.0	1.0	722	$1,350	$1.87	23d	1	1.02mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	3d	1	1.02mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	23d	1	1.02mi
8036 Lansdale Rd Unit 1 Baltimore, MD	3.0	1.0	1024	$1,775	$1.73	4d	1	1.03mi
7716 Wynbrook Rd Baltimore, MD	2.0	1.0	1232	$1,800	$1.46	43d	1	1.05mi
6722 Brentwood Ave Unit 2FL Dundalk, MD	3.0	1.0	900	$1,750	$1.94	43d	1	1.06mi
6905 Bank St Baltimore, MD	2.0	1.5	784	$1,650	$2.10	43d	1	1.10mi
7 Robinson Ave Dundalk, MD	3.0	2.0	1100	$2,600	$2.36	43d	1	1.10mi
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	21d	1	1.11mi
7915 Eastdale Rd Baltimore, MD	2.0	1.0	896	$1,500	$1.67	43d	1	1.11mi
7136 Eastbrook Ave Baltimore, MD	4.0	2.0	996	$2,200	$2.21	4d	1	1.13mi
7058 Eastbrook Ave Baltimore, MD	3.0	2.0	1228	$1,700	$1.38	11d	1	1.14mi
7948 Eastdale Rd Baltimore, MD	3.0	1.0	1024	$1,700	$1.66	43d	1	1.15mi
6802 Conley St Baltimore, MD	2.0	1.5	939	$1,750	$1.86	21d	1	1.18mi
7951 E Baltimore St Baltimore, MD	3.0	1.0	1024	$1,750	$1.71	2d	1	1.18mi
6710 Hudson St Baltimore, MD	4.0	4.0	1156	$3,500	$3.03	23d	1	1.19mi
3000 Wallford Dr Dundalk, MD	1.0–2.0	1.0	717	$1,330	$1.85	2d	35	1.28mi
1915 Merritt Blvd Dundalk, MD	3.0	2.0	1208	$2,500	$2.07	43d	1	1.33mi

Listing history 3 events

1. 2026-05-09
   status Pending 1050-char remark

   Show marketing remark (1050 chars)

   Nestled in the charming Beverly Hills neighborhood, this townhouse offers a perfect blend of comfort and convenience. Built in 1954, the home has been lived in and is in need of some cosmetic items. .. Painting and flooring. With three spacious bedrooms and one and a half bathrooms, this home is a perfect starter home. Step outside to discover a fenced rear yard. shed that adds extra storage and new steps off the back porch, where you can enjoy your summer evenings. The property has convenient road frontage and sidewalks, making it easy to explore the friendly community. Inside, you'll find a well-equipped kitchen featuring a built-in gas range, oven, and refrigerator. The laundry area is conveniently located in the basement, which is partially finished and offers additional space for storage or extra living area. Residents enjoy easy access to major commuter routes. This property is not just a house; it's a place to create lasting memories. Experience the charm and comfort of this lovely townhouse in a community that feels like home.

2. 2026-04-29
   listed $185,000 Active 1050-char remark

   Show marketing remark (1050 chars)

   Nestled in the charming Beverly Hills neighborhood, this townhouse offers a perfect blend of comfort and convenience. Built in 1954, the home has been lived in and is in need of some cosmetic items. .. Painting and flooring. With three spacious bedrooms and one and a half bathrooms, this home is a perfect starter home. Step outside to discover a fenced rear yard. shed that adds extra storage and new steps off the back porch, where you can enjoy your summer evenings. The property has convenient road frontage and sidewalks, making it easy to explore the friendly community. Inside, you'll find a well-equipped kitchen featuring a built-in gas range, oven, and refrigerator. The laundry area is conveniently located in the basement, which is partially finished and offers additional space for storage or extra living area. Residents enjoy easy access to major commuter routes. This property is not just a house; it's a place to create lasting memories. Experience the charm and comfort of this lovely townhouse in a community that feels like home.

3. 2026-04-20
   historical $185,000 1050-char remark

   Show marketing remark (1050 chars)

   Nestled in the charming Beverly Hills neighborhood, this townhouse offers a perfect blend of comfort and convenience. Built in 1954, the home has been lived in and is in need of some cosmetic items. .. Painting and flooring. With three spacious bedrooms and one and a half bathrooms, this home is a perfect starter home. Step outside to discover a fenced rear yard. shed that adds extra storage and new steps off the back porch, where you can enjoy your summer evenings. The property has convenient road frontage and sidewalks, making it easy to explore the friendly community. Inside, you'll find a well-equipped kitchen featuring a built-in gas range, oven, and refrigerator. The laundry area is conveniently located in the basement, which is partially finished and offers additional space for storage or extra living area. Residents enjoy easy access to major commuter routes. This property is not just a house; it's a place to create lasting memories. Experience the charm and comfort of this lovely townhouse in a community that feels like home.

ⓘ 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: $2,152 · $179/mo
• Projected year-2 tax: $2,152 · $179/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: $24,298
• − Mortgage interest: −$10,363
• − Property taxes: −$2,152
• − Insurance: −$925
• − Repairs & maintenance: −$1,944
• − Management: −$1,944
• − Depreciation: −$5,382
• Taxable income: $1,589
• Est. tax owed @ 24.0%: −$381
• After-tax cash flow: $4,095/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

+0.0% since first listed

3 events — show timeline

• 2026-05-09 Pending — BRIGHT MLS
• 2026-04-29 Listed $185,000 BRIGHT MLS
• 2026-04-20 Coming Soon $185,000 BRIGHT MLS

Property tax history

+7.3%/yr

Latest (2025): $2,152 · +5.2% YoY. Source: county tax records.