118 Mountain Rd Unit 3A · Glen Burnie, MD 21060

$199,999

2 bd · 1.0 ba · 819 sqft · Condo public records · 68 Days on market

Built 1986 $244/sqft · at area comps Est $197k · at est. $330/mo HOA · 16% of rent

---

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).

• Cash flow +13.8/30.0
• ARV discount +6.8/15.0
• 1% rule +5.1/10.0
• DSCR +4.2/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor and first time home buyer alert! New HVAC system two weeks ago. Totally renovated 2 bedroom 1 bath condo located on Mountain Road with easy access to Rt 100 and RT 10. Entire interior has been upgraded. Very up to date look with freshly painted Repose Gray and white trim. New 6 panel doors, closet systems, new sliding door/ new windows and new colonial casing/baseboard trim. Solid wood white kitchen with dovetail drawers and soft close doors. White appliances and granite countertop. Modified kitchen opening making the space feel much more open and functional. Bathroom renovated with wood vanity and granite top matching kitchen cabinets. Tiled floor and new tub with tile. Washer/dryer, fireplace with new tiled surround, cathedral ceiling with recessed lights and ceiling fan, and LVP flooring throughout. Upgraded Electrical panel changeout. Family room is much larger and functional with removal of large closet wall. Energy efficient windows and sliding glass door. Very private 3rd floor unit with new deck/railing and just stained. Secured key locked building entrance. This property is a steal at this price especially with the extensive renovation that was completed. Move right in with no worries on condition!

Key facts

• Renovated condo
• Tiled bathroom
• New deck

Tags

• RENOVATED CONDO
• UPGRADED KITCHEN ACCESS
• TILED BATHROOM
• ENERGY EFFICIENT WINDOWS
• PRIVATE 3RD FLOOR UNIT
• NEW DECK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $200k.

Deal economics

• At list price, monthly cash flow is $17 ($209/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.4% vs local median 4.4% in Glen Burnie — 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 72/100 on livability (#135 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: cost of living C-, crime F, amenities F.
• Anne Arundel County Public Schools (suburban): math 20% / reading 37% proficiency, ranked #10 of 24 in MD (top 42%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Monarch Global Academy Pcs Laurel Campus (math 13% / reading 28%, grade F, #341 of 860 statewide, top 40%, 830 students, 53% FRL); Marley Middle (math 3% / reading 22%, grade F, #200 of 225 statewide, top 89%, 924 students, 73% FRL); Glen Burnie High (math 24% / reading 56%, grade F, #131 of 222 statewide, top 60%, 2,324 students, 61% FRL) — zoned schools average 62% FRL vs 25% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.4%/yr); 166 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,303 units permitted in Anne Arundel County in 2024 (299 in 5+ unit buildings).

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.
• Anne Arundel County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $85k; list at $200k implies a 135% gain — meaningful room to come down on a strong offer.

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 $187,999 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.01% ✓
• Cap rate: 6.40%
• Cash-on-cash: 0.37%
• DSCR: 1.02
• GRM: 8.3

CMA / ARV

• ARV (median comp): $197,116
• List price: $199,999
• Delta: 1.46%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.44% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-30,250
• Equity at exit: $29,821

10-year hold

• IRR: -5.5%
• Equity multiple: 0.63×
• Total profit: $-20,581
• Equity at exit: $17,292

Cash invested: $56,000 (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 21060

• Rents YoY: 3.4%
• Active inventory: 166
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,020 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$116 /mo · $1,395/yr
• Insurance: −$83
• HOA: −$330
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $17

Break-even live

Break-even rent $1,998

Max offer price $199,999

Occupancy floor 94%

Sensitivity live

Price	-10% $131	-5% $74	+0% $17	+5% $-39	+10% $-96
Rent	-10% $-142	-5% $-62	+0% $17	+5% $97	+10% $177
Rate	-1.0pp $118	-0.5pp $68	base $17	+0.5pp $-34	+1.0pp $-87

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Mountain Rd Unit 3D Glen Burnie, MD	2.0	1.0	819	$1,900	$2.32	25d	1	0.06mi
8009 Cameryn Pl Pasadena, MD	2.0–3.0	2.0	1217	$2,345	$1.93	0d	8	0.20mi
8115 Evening Star Dr Pasadena, MD	1.0–3.0	1.0–2.0	1213	$2,745	$2.26	3d	32	0.40mi
7806 Southampton Dr Glen Burnie, MD	2.0	1.0	609	$1,554	$2.55	4d	45	0.78mi
7847 Americana Cir Glen Burnie, MD	1.0–3.0	1.0–2.0	891	$1,874	$2.10	0d	15	1.04mi

HOA detail condo

• Monthly dues: $330 · $3,960/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-21
   days on market $199,999 Active 68 DOM
2. 2026-06-18
   days on market $199,999 Active 65 DOM
3. 2026-06-17
   days on market $199,999 Active 64 DOM
4. 2026-06-16
   days on market $199,999 Active 63 DOM
5. 2026-06-15
   days on market $199,999 Active 62 DOM
6. 2026-06-13
   days on market $199,999 Active 60 DOM
7. 2026-06-09
   days on market $199,999 Active 56 DOM
8. 2026-06-08
   days on market $199,999 Active 55 DOM
9. 2026-06-07
   days on market $199,999 Active 54 DOM
10. 2026-06-04
    days on market $199,999 Active 51 DOM
11. 2026-06-03
    days on market $199,999 Active 50 DOM
12. 2026-06-02
    days on market $199,999 Active 49 DOM
13. 2026-06-01
    days on market $199,999 Active 48 DOM
14. 2026-05-31
    days on market $199,999 Active 47 DOM
15. 2026-05-06
    price $199,999 1235-char remark

    Show marketing remark (1235 chars)

    Investor and first time home buyer alert! New HVAC system two weeks ago. Totally renovated 2 bedroom 1 bath condo located on Mountain Road with easy access to Rt 100 and RT 10. Entire interior has been upgraded. Very up to date look with freshly painted Repose Gray and white trim. New 6 panel doors, closet systems, new sliding door/ new windows and new colonial casing/baseboard trim. Solid wood white kitchen with dovetail drawers and soft close doors. White appliances and granite countertop. Modified kitchen opening making the space feel much more open and functional. Bathroom renovated with wood vanity and granite top matching kitchen cabinets. Tiled floor and new tub with tile. Washer/dryer, fireplace with new tiled surround, cathedral ceiling with recessed lights and ceiling fan, and LVP flooring throughout. Upgraded Electrical panel changeout. Family room is much larger and functional with removal of large closet wall. Energy efficient windows and sliding glass door. Very private 3rd floor unit with new deck/railing and just stained. Secured key locked building entrance. This property is a steal at this price especially with the extensive renovation that was completed. Move right in with no worries on condition!

16. 2026-04-14
    listed $202,900 Active 1235-char remark

    Show marketing remark (1235 chars)

    Investor and first time home buyer alert! New HVAC system two weeks ago. Totally renovated 2 bedroom 1 bath condo located on Mountain Road with easy access to Rt 100 and RT 10. Entire interior has been upgraded. Very up to date look with freshly painted Repose Gray and white trim. New 6 panel doors, closet systems, new sliding door/ new windows and new colonial casing/baseboard trim. Solid wood white kitchen with dovetail drawers and soft close doors. White appliances and granite countertop. Modified kitchen opening making the space feel much more open and functional. Bathroom renovated with wood vanity and granite top matching kitchen cabinets. Tiled floor and new tub with tile. Washer/dryer, fireplace with new tiled surround, cathedral ceiling with recessed lights and ceiling fan, and LVP flooring throughout. Upgraded Electrical panel changeout. Family room is much larger and functional with removal of large closet wall. Energy efficient windows and sliding glass door. Very private 3rd floor unit with new deck/railing and just stained. Secured key locked building entrance. This property is a steal at this price especially with the extensive renovation that was completed. Move right in with no worries on condition!

17. 2026-03-04
    historical
18. 2026-01-19
    price $195,000
19. 2025-12-05
    price $201,900
20. 2025-10-31
    listed $204,900 Active
21. 2019-12-19
    soldstatus $85,000
22. 2019-12-06
    soldstatus $85,000 Closed
23. 2019-11-15
    status Pending
24. 2019-11-06
    listed $85,000 Active
25. 1999-04-26
    soldstatus $69,900
26. 1989-02-07
    soldstatus $63,900

ⓘ 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: $1,395 · $116/mo
• Projected year-2 tax: $1,788 · $149/mo
• Expected delta: +$392/yr (+$33/mo · 28.1%)

ⓘ 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 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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,240
• − Mortgage interest: −$11,203
• − Property taxes: −$1,395
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,939
• − Management: −$1,939
• − HOA: −$3,960
• − Depreciation: −$5,818
• Taxable loss: −$3,015
• Est. tax savings @ 24.0%: +$723
• After-tax cash flow: $932/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: Anne Arundel County Public Schools
• NCES district ID: 2400060
• Math proficiency: 20% ▼ -21.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $87,880
• Composite: 28.52/100
• National rank: #6733
• State rank: #10 of 24 in MD

Livability — Glen Burnie

• Score: 72/100
• State rank: #135
• US rank: #5815

Category grades

Amenities F Commute A+ Cost of living C- 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: Glen Burnie, MD
• County: Anne Arundel County · 535,653 people
• City population: 96,960
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 39,730
• Household income: $104,715
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 976.0

Population outlook (Anne Arundel County) Hauer SSP2

• Today (2025): 617,384 people
• By 2030: 642,094 · +4.0%
• By 2040: 686,621 · +11.2%
• By 2050: 723,031 · +17.1%
• By 2075: 809,346 · +31.1%
• By 2100: 837,658 · +35.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Black 24% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 5% Slovak 1% Italian 1%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 2% Tagalog/Filipino 1%

Political lean MEDSL · Anne Arundel

• 2024 margin: D (+13.9) · D 55.7% · R 41.7% · Other 2.6%
• 2008→2024 swing: +15.7pp toward D · 2008: -1.8pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+14.5 2016: D+0.7 2012: R+0.9 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -305.56%
• Current HPI: 304.5692
• Rent YoY: ▲ 3.44%
• 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

+213.0% since first listed

12 events — show timeline

• 2026-05-06 Price Changed $199,999 BRIGHT MLS
• 2026-04-14 Listed $202,900 BRIGHT MLS
• 2026-03-04 Listing Removed — BRIGHT MLS
• 2026-01-19 Price Changed $195,000 BRIGHT MLS
• 2025-12-05 Price Changed $201,900 BRIGHT MLS
• 2025-10-31 Listed $204,900 BRIGHT MLS
• 2019-12-19 Sold (Public Records) $85,000 Public Records
• 2019-12-06 Sold (MLS) $85,000 BRIGHT MLS
• 2019-11-15 Pending — BRIGHT MLS
• 2019-11-06 Listed $85,000 BRIGHT MLS
• 1999-04-26 Sold (Public Records) $69,900 Public Records
• 1989-02-07 Sold (Public Records) $63,900 Public Records

Property tax history

+4.6%/yr

Latest (2025): $1,395 · +6.3% YoY. Source: county tax records.