316 Hornel St · Baltimore, MD 21224

$155,000

2 bd · 1.0 ba · 990 sqft · Townhouse public records · 18 Days on market

Built 1950 $157/sqft · 10% below area Est $171k · 10% under ↓ 10% since listing

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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 +25.0/30.0
• ARV discount +11.8/15.0
• DSCR +8.2/10.0
• 1% rule +6.4/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover the charm of this beautifully crafted townhouse nestled in the Bayview subdivision. With two spacious bedrooms and a full bathroom, this residence provides ample space for relaxation and rejuvenation. The partially finished basement, accessible via a convenient rear entrance, offers endless possibilities—transform it into a cozy retreat, a home office, or a vibrant entertainment area. Home is being sold as is. Home just needs a little paint and new carpet on the first floor.

Key facts

• Built 1950
• Listed 18 days

Property features AI

Exterior

• Parking: Other parking type
• Utilities: Public water; Public sewer; Natural gas hot water; Natural gas for heating and cooling; Municipal trash service
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in good condition
• Construction: Brick construction; Block foundation; Above grade and below grade structures; Building not winterized; Built year recorded by assessor
• Exterior features: Chain link fencing; Not in a federal flood zone

Interior

• Kitchen: Oven (single); Stove; Refrigerator
• Bedrooms: Two bedrooms on the first upper level; Bedroom 1
• Flooring: Hardwood floors; Carpet
• Bathrooms: One full bathroom (total)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (natural gas)
• Interior features: Partially finished basement with rear entrance, sump pump and walkout level; Not furnished; Dining room; Family room; Living areas recorded by assessor
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $155k.

Deal economics

• At list price, monthly cash flow is $340 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% 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 (+1.3%/yr); 391 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); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 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 $5k 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.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $152,675 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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: 1.14% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.39%
• DSCR: 1.42
• GRM: 7.3

CMA / ARV

• ARV (median comp): $171,383
• List price: $155,000
• Delta: -9.56%
• 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
316 Hornel St	0.00mi	2/1.0	990 (0%)	0mo	$140,000	$141	100
342 Imla St	0.07mi	2/2.0	990 (0%)	18mo	$142,000	$143	78
319 Joplin St	0.13mi	2/1.0	1,050 (+6%)	7mo	$154,000	$147	78
334 Kane St	0.16mi	2/2.0	1,050 (+6%)	9mo	$195,000	$186	71
402 Drew St	0.21mi	2/1.0	1,068 (+8%)	9mo	$155,820	$146	70
618 Umbra St	0.62mi	3/1.0 (+1)	1,024 (+3%)	0mo	$209,900	$205	60
6811 Bank St	0.51mi	2/2.0	1,084 (+10%)	4mo	$178,000	$164	53
1210 Delbert Ave	0.73mi	3/1.0 (+1)	1,024 (+3%)	12mo	$180,000	$176	46
1108 Steelton Ave	0.65mi	3/1.0 (+1)	1,080 (+9%)	8mo	$110,000	$102	43
607 Umbra St	0.59mi	3/1.0 (+1)	896 (-10%)	12mo	$174,350	$195	42
6916 Bank St	0.55mi	2/2.0	1,109 (+12%)	19mo	$200,000	$180	34
620 Savage St	0.71mi	3/2.0 (+1)	1,128 (+14%)	2mo	$91,000	$81	33

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -4.0%
• Equity multiple: 0.85×
• Total profit: $-6,417
• Equity at exit: $23,111

10-year hold

• IRR: 3.7%
• Equity multiple: 1.25×
• Total profit: $10,638
• Equity at exit: $13,402

Cash invested: $43,400 (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 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,763 high
• Mortgage (P&I): −$813
• Tax from tax record: −$175 /mo · $2,104/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $340

Break-even live

Break-even rent $1,333

Max offer price $155,000

Occupancy floor 76%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
363 Gusryan St Baltimore, MD	2.0	2.0	840	$1,950	$2.32	12d	1	0.07mi
334 Kane St Baltimore, MD	2.0	2.0	1050	$1,675	$1.60	23d	1	0.14mi
442 Folcroft St Unit A Baltimore, MD	2.0	1.5	1071	$1,600	$1.49	3d	1	0.17mi
421 Elrino St Unit B Baltimore, MD	1.0	1.0	750	$995	$1.33	23d	1	0.17mi
440 Elrino St Unit 2 Baltimore, MD	1.0	1.0	750	$1,050	$1.40	23d	1	0.21mi
456 Elrino St Unit B Baltimore, MD	2.0	1.0	800	$1,600	$2.00	43d	1	0.23mi
6201 Eastern Ave Baltimore, MD	1.0	1.0	650	$1,350	$2.08	43d	1	0.23mi
6802 Conley St Baltimore, MD	2.0	1.5	939	$1,750	$1.86	21d	1	0.46mi
6905 Bank St Baltimore, MD	2.0	1.5	784	$1,650	$2.10	43d	1	0.52mi
560 Bayview Blvd Baltimore, MD	1.0–3.0	1.0–3.0	1108	$2,515	$2.27	2d	25	0.53mi
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	21d	1	0.66mi
628 47th St Apt E Baltimore, MD	1.0	1.0	650	$975	$1.50	23d	1	0.88mi
628 47th St Apt RW2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	10d	1	0.88mi
630 47th St Unit B Baltimore, MD	2.0	1.0	750	$1,200	$1.60	43d	1	0.88mi
632 47th St Baltimore, MD	1.0	1.0	650	$975	$1.50	2d	2	0.88mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	23d	1	0.92mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	17d	1	0.94mi
1504 Elrino St Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	4d	1	0.96mi
1613 Elrino St Baltimore, MD	2.0	1.0	700	$1,350	$1.93	43d	1	1.12mi
6518 Brown Ave Baltimore, MD	1.0–2.0	1.0	675	$1,300	$1.93	23d	3	1.15mi
6722 Brentwood Ave Unit B Dundalk, MD	1.0	1.0	540	$1,500	$2.78	43d	1	1.24mi
6722 Brentwood Ave Unit 2FL Dundalk, MD	3.0	1.0	900	$1,750	$1.94	43d	1	1.24mi
4015 Eastern Ave Unit 2L Baltimore, MD	3.0	2.0	1100	$1,800	$1.64	43d	1	1.25mi
223 Grundy St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	23d	1	1.25mi
309 52nd St Unit A Baltimore, MD	2.0	1.0	722	$1,350	$1.87	23d	1	1.30mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,350	$2.58	2d	20	1.30mi
321 Fagley St Baltimore, MD	2.0	1.0	800	$1,650	$2.06	20d	1	1.31mi
3801 Fleet St Unit 209 Baltimore, MD	1.0	1.5	814	$1,899	$2.33	43d	1	1.36mi
3850 Boston St Baltimore, MD	2.0	1.0–2.0	854	$3,378	$3.96	2d	22	1.37mi
7915 Eastdale Rd Baltimore, MD	2.0	1.0	896	$1,500	$1.67	43d	1	1.44mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	43d	1	1.44mi
7517 Belmont Ave Baltimore, MD	2.0	1.0	720	$1,800	$2.50	17d	1	1.45mi
1211 S Eaton St Unit 6046 Baltimore, MD	1.0	1.0	774	$2,325	$3.00	16d	1	1.45mi
1211 S Eaton St Unit 7020 Baltimore, MD	1.0	1.0	832	$2,400	$2.88	23d	1	1.45mi
1211 S Eaton St Unit 8041 Baltimore, MD	1.0	1.0	768	$2,300	$2.99	23d	1	1.45mi
1211 S Eaton St Unit 8024 Baltimore, MD	1.0	1.0	627	$2,014	$3.21	43d	1	1.45mi
1211 S Eaton St Unit 8038 Baltimore, MD	1.0	1.0	1037	$2,475	$2.39	16d	1	1.45mi
1211 S Eaton St Unit 5020 Baltimore, MD	1.0	1.0	832	$2,534	$3.05	43d	1	1.45mi
1211 S Eaton St Unit 5012 Baltimore, MD	1.0	1.0	774	$2,325	$3.00	23d	1	1.45mi
1211 S Eaton St Unit 6012 Baltimore, MD	1.0	1.0	774	$2,554	$3.30	21d	1	1.45mi

Listing history 6 events

1. 2026-06-03
   status $155,000 Pending 18 DOM
2. 2026-06-02
   days on market $155,000 Active 18 DOM
3. 2026-06-01
   days on market $155,000 Active 17 DOM
4. 2026-05-31
   days on market $155,000 Active 16 DOM
5. 2026-05-15
   listed $155,000 Active 494-char remark
6. 2026-05-12
   historical $155,000 494-char remark

ⓘ 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: $2,104 · $175/mo
• Projected year-2 tax: $2,104 · $175/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: $21,150
• − Mortgage interest: −$8,682
• − Property taxes: −$2,104
• − Insurance: −$775
• − Repairs & maintenance: −$1,692
• − Management: −$1,692
• − Depreciation: −$4,509
• Taxable income: $1,696
• Est. tax owed @ 24.0%: −$407
• After-tax cash flow: $3,669/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: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

-9.7% since first listed

4 events — show timeline

• 2026-06-10 Sold (MLS) $140,000 BRIGHT MLS
• 2026-06-02 Pending — BRIGHT MLS
• 2026-05-15 Listed $155,000 BRIGHT MLS
• 2026-05-12 Coming Soon $155,000 BRIGHT MLS

Property tax history

-1.0%/yr

Latest (2025): $2,104 · +5.1% YoY. Source: county tax records.