2741 Bookert Dr · Baltimore, MD 21225

$78,900

4 bd · 1.0 ba · 1,204 sqft · Townhouse public records · 8 Days on market

Built 1945 1,330 sqft lot Est $116k · 32% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ONLINE AUCTION: Bidding begins 04/27/2025 @ 10:00 AM. Bidding ends 05/29/2025 @ 11:30 AM. List Price is Suggested Opening Bid. Deposit: $5,000. 10% buyer’s premium will be added to High bid. 2 Story townhome located in the Cherry Hill area. Minutes to Many Attractions including: Arundel Village Park, Brooklyn Park, Ritchie Hwy Shopping Center, as well as the numerous shops, Restaurants, & businesses located on Ritchie Hwy. Easy Access to Major Traffic Arteries, Ritchie Hwy; and I-895. Property is Rented for $1,000/mo. Tenant is not up to date on rent. For full terms and conditions please visit auctioneer’s website.

Key facts

• Covered front porch
• Bonus attic room
• Washer dryer convey

Tags

• BONUS ATTIC ROOM
• FULL BASEMENT
• FENCED BACKYARD
• COVERED FRONT PORCH
• WASHER DRYER CONVEY

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Other foundation; Other above- and below-grade structures; Year built per assessor
• Exterior features: No tidal water

Interior

• Bedrooms: Four bedrooms on the first upper level
• Bathrooms: One full bathroom (all upper levels)
• Heating & cooling: Forced air heating; Electric cooling; Natural gas hot water
• Interior features: Basement present (other type); Living area measured per assessor

🏷️ Possibly a rental listed for sale. The $78,900 price doesn't fit this home's estimated sale value (~$115,584) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $79k.

Deal economics

• At list price, monthly cash flow is $899 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Cap rate 20.0% vs local median 6.0% in Baltimore — 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 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.1%/yr); 165 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 40% of the median local income ($54k/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 $545 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 21y 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 $60k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $78,900

Questions for the listing agent

1. Built in 1945 — 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 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?
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: 2.27% ✓
• Cap rate: 19.97%
• Cash-on-cash: 48.85%
• DSCR: 3.17
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $115,584
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2741 Bookert Dr	0.00mi	3/1.0 (-1)	1,204 (0%)	13mo	$44,000	$37	84
2847 Joseph Ave	0.25mi	3/1.5 (-1)	1,116 (-7%)	1mo	$235,000	$211	69
604 Cheraton Rd	0.35mi	3/1.5 (-1)	1,174 (-2%)	6mo	$95,000	$81	67
3041 Southland Ave	0.53mi	3/1.5 (-1)	1,240 (+3%)	10mo	$210,000	$169	55
628 Roundview Rd	0.33mi	3/1.0 (-1)	1,024 (-15%)	3mo	$85,100	$83	52
3036 Seamon Ave	0.55mi	3/2.5 (-1)	1,240 (+3%)	16mo	$259,000	$209	46
504 Roundview	0.37mi	3/1.5 (-1)	1,024 (-15%)	7mo	$98,000	$96	45

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 · 4.08% rent growth · sell at horizon

5-year hold

• IRR: 47.6%
• Equity multiple: 3.10×
• Total profit: $46,472
• Equity at exit: $11,764

10-year hold

• IRR: 53.7%
• Equity multiple: 6.55×
• Total profit: $122,503
• Equity at exit: $6,822

Cash invested: $22,092 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21225

• Home prices YoY: -31.9%
• Rents YoY: 4.1%
• Active inventory: 165
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,789 high
• Mortgage (P&I): −$414
• Tax from tax record: −$67 /mo · $806/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $899

Break-even live

Break-even rent $650

Max offer price $78,900

Occupancy floor 45%

Sensitivity live

Price	-10% $944	-5% $922	+0% $899	+5% $877	+10% $855
Rent	-10% $758	-5% $829	+0% $899	+5% $970	+10% $1,041
Rate	-1.0pp $939	-0.5pp $919	base $899	+0.5pp $879	+1.0pp $858

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: $19,725
• Closing costs: $2,367
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	15d	1	0.27mi
607 Cheraton Rd Brooklyn, MD	3.0	3.0	1200	$1,750	$1.46	15d	1	0.33mi
2868 Potee St Baltimore, MD	1.0–3.0	1.0	720	$1,599	$2.22	3d	22	0.60mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	24d	1	1.04mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	44d	1	1.07mi
303 Arden Rd W Brooklyn, MD	3.0	2.0	1388	$2,500	$1.80	18d	1	1.15mi
2500 Insulator Dr Baltimore, MD	3.0	1.0–2.0	988	$4,786	$4.84	3d	152	1.21mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	18d	1	1.32mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	5d	1	1.40mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	24d	1	1.43mi
902 Catawba Ct Halethorpe, MD	3.0	1.0	906	$1,495	$1.65	22d	1	1.45mi

Listing history 8 events

1. 2026-06-10
   status $78,900 Pending 8 DOM
2. 2026-06-09
   days on market $78,900 Active 8 DOM
3. 2026-06-08
   days on market $78,900 Active 7 DOM
4. 2026-06-07
   days on market $78,900 Active 6 DOM
5. 2026-06-04
   days on market $78,900 Active 3 DOM
6. 2026-06-03
   days on market $78,900 Active 2 DOM
7. 2026-06-02
   remarks 399-char remark
8. 2026-06-02
   listed $78,900 Active 1 DOM

ⓘ 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: $806 · $67/mo
• Projected year-2 tax: $833 · $69/mo
• Expected delta: +$27/yr (+$2/mo · 3.3%)

ⓘ 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 ≥102°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: $21,467
• − Mortgage interest: −$4,420
• − Property taxes: −$806
• − Insurance: −$394
• − Repairs & maintenance: −$1,717
• − Management: −$1,717
• − Depreciation: −$2,295
• Taxable income: $10,117
• Est. tax owed @ 24.0%: −$2,428
• After-tax cash flow: $8,365/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 City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Anne Arundel County · 535,653 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,062
• Household income: $54,020
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 1440.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Black 42% White 32% Hispanic / Latino 20% Two or more races 8% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 1% Iranian 1%
• Foreign-born: 12% · Canada, China
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -119.44%
• Current HPI: 254.5089
• Rent YoY: ▲ 4.08%
• 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

+886.3% since first listed

26 events — show timeline

• 2026-06-01 Listed $78,900 BRIGHT MLS
• 2025-06-30 Sold (Public Records) $60,000 Public Records
• 2025-06-04 Sold (MLS) $44,000 BRIGHT MLS
• 2025-04-30 Pending — BRIGHT MLS
• 2025-04-17 Listed $25,000 BRIGHT MLS
• 2016-05-12 Listing Removed — BRIGHT MLS
• 2016-05-12 Delisted — MRIS
• 2016-04-28 Price Changed — MRIS
• 2016-02-08 Listed $27,000 BRIGHT MLS
• 2016-02-08 Listed — MRIS
• 2016-01-31 Listing Removed — BRIGHT MLS
• 2016-01-31 Delisted — MRIS
• 2015-12-11 Price Changed — MRIS
• 2015-11-05 Price Changed — MRIS
• 2015-09-24 Price Changed — MRIS
• 2015-08-09 Listed — MRIS
• 2015-08-09 Listed $28,000 BRIGHT MLS
• 2007-08-10 Sold (Public Records) $90,000 Public Records
• 2006-07-14 Sold (MLS) $90,000 MRIS
• 2006-06-18 Delisted — MRIS
• 2006-05-30 Listed $89,000 MRIS
• 2006-02-15 Sold (Public Records) $50,000 Public Records
• 2005-09-30 Sold (MLS) $50,000 MRIS
• 2005-09-19 Delisted — MRIS
• 2005-06-07 Listed $50,000 MRIS
• 1980-10-21 Sold (Public Records) $8,000 Public Records

Property tax history

-5.5%/yr

Latest (2025): $806 · +5.1% YoY. Source: county tax records.