617 Brisbane Rd · Baltimore, MD 21229

$104,600

2 bd · 1.0 ba · 896 sqft · Townhouse public records · 148 Days on market

Built 1959 1,600 sqft lot $117/sqft · 41% below area Est $178k · 41% 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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-located Baltimore rowhome offering a solid opportunity for homeowners or investors. Situated on a residential block with convenient access to major routes, public transportation, shopping, and local amenities. Features a functional layout with ample natural light and a manageable yard. Ideal for buyers looking to add value or expand their rental portfolio. Property is being sold as-is.

Key facts

• Baltimore rowhome
• Convenient access
• Residential block

Tags

• BALTIMORE ROWHOME
• RESIDENTIAL BLOCK
• CONVENIENT ACCESS
• PUBLIC TRANSPORTATION
• LOCAL AMENITIES
• FUNCTIONAL LAYOUT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $105k.

Deal economics

• At list price, monthly cash flow is $421 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% 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 (+5.4%/yr); 252 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 31% of the median local income ($60k/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 $723 of loan paydown is wiped out by about $3k 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 + 5.4% rent growth), your $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 33y ago; this cycle's ask has dropped $46k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $105k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% 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 $92,048 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.48% ✓
• Cap rate: 11.12%
• Cash-on-cash: 17.24%
• DSCR: 1.77
• GRM: 5.6

CMA / ARV

• ARV (median comp): $177,831
• List price: $104,600
• Delta: -41.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
626 Brisbane Rd	0.03mi	2/1.0	896 (0%)	5mo	$165,000	$184	94
4786 Melbourne Rd	0.17mi	2/1.5	896 (0%)	1mo	$175,000	$195	89
517 Lucia Ave	0.16mi	2/1.5	896 (0%)	5mo	$155,000	$173	86
738 Yale Ave	0.24mi	2/1.0	896 (0%)	5mo	$144,000	$161	85
606 Charraway Rd	0.16mi	2/2.0	896 (0%)	8mo	$205,000	$229	82
708 Bethnal Rd	0.19mi	2/1.5	896 (0%)	10mo	$145,000	$162	81
4768 Melbourne Rd	0.15mi	2/1.0	896 (0%)	16mo	$185,000	$206	80
517 Brisbane Rd	0.17mi	3/2.0 (+1)	896 (0%)	16mo	$200,000	$223	69
643 Brisbane Rd	0.05mi	3/1.0 (+1)	1,008 (+12%)	14mo	$123,000	$122	60
779 Yale Ave	0.23mi	3/1.5 (+1)	952 (+6%)	19mo	$110,001	$116	56
751 Yale Ave	0.26mi	3/1.5 (+1)	1,024 (+14%)	7mo	$145,000	$142	52
614 Gibson Rd	0.10mi	3/2.0 (+1)	1,008 (+12%)	19mo	$220,000	$218	50

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 11.5%
• Equity multiple: 1.47×
• Total profit: $13,717
• Equity at exit: $15,596

10-year hold

• IRR: 22.4%
• Equity multiple: 3.15×
• Total profit: $63,107
• Equity at exit: $9,044

Cash invested: $29,288 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,549 high
• Mortgage (P&I): −$549
• Tax from tax record: −$211 /mo · $2,532/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $421

Break-even live

Break-even rent $1,017

Max offer price $104,600

Occupancy floor 68%

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: $26,150
• Closing costs: $3,138
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	43d	1	0.09mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	23d	1	0.13mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	23d	1	0.24mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	43d	1	0.24mi
501 Hazlett Ave Baltimore, MD	2.0–3.0	1.5–2.0	1044	$1,395	$1.34	1d	8	0.32mi
402 Colleen Rd Baltimore, MD	1.0–2.0	1.0	910	$1,450	$1.59	2d	11	0.37mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,264	$1.73	43d	1	0.46mi
532 Coventry Rd Baltimore, MD	2.0	1.0	661	$1,300	$1.97	21d	1	0.47mi
4041 Wilkens Ave Unit B Baltimore, MD	1.0	1.0	600	$1,000	$1.67	43d	1	0.51mi
4041 Wilkens Ave Unit C Baltimore, MD	1.0	1.0	600	$1,050	$1.75	14d	1	0.54mi
4617 Wilkens Ave Unit B Baltimore, MD	2.0	1.0	600	$1,200	$2.00	23d	1	0.69mi
304 Collins Ave Unit 1 Baltimore, MD	1.0	1.0	845	$1,600	$1.89	43d	1	0.73mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.73mi
4601 Pen Lucy Rd Unit 4615-G Baltimore, MD	2.0	1.0	798	$1,200	$1.50	21d	1	0.78mi
4601 Pen Lucy Rd Unit 4718-F Baltimore, MD	2.0	1.0	879	$1,225	$1.39	2d	1	0.79mi
4601 Pen Lucy Rd Unit 103-H Baltimore, MD	2.0	1.0	798	$1,315	$1.65	23d	1	0.79mi
4601 Pen Lucy Rd Unit 4714-B Baltimore, MD	2.0	1.0	730	$1,205	$1.65	14d	1	0.79mi
4700 Gateway Ter Arbutus, MD	1.0–3.0	1.0	728	$1,336	$1.84	43d	1	0.80mi
4215 Connecticut Ave Baltimore, MD	1.0	1.0	625	$950	$1.52	23d	1	0.81mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,300	$1.60	3d	2	0.83mi
131 N Bend Rd Unit 131-1B Baltimore, MD	2.0	1.5	910	$1,225	$1.35	21d	1	0.84mi
5440 Frederick Ave Baltimore, MD	1.0	1.0	800	$1,350	$1.69	23d	1	0.86mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	23d	1	0.88mi
220 Stonecroft Rd Unit 232-J Baltimore, MD	1.0	1.0	632	$1,075	$1.70	2d	1	0.89mi
220 Stonecroft Rd Unit 232-I Baltimore, MD	2.0	1.5	900	$1,295	$1.44	17d	1	0.90mi
220 Stonecroft Rd Unit 230-D Baltimore, MD	2.0	1.5	900	$1,395	$1.55	21d	1	0.90mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	3d	5	0.91mi
2 S Woodington Rd Baltimore, MD	1.0	1.0	620	$1,310	$2.11	43d	1	0.91mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	14d	1	0.91mi
2 S Woodington Rd Baltimore, MD	1.0	1.0	620	$1,135	$1.83	4d	1	0.91mi
4407 Leeds Ave Baltimore, MD	1.0	1.0	800	$1,300	$1.62	43d	1	0.91mi
5364 Jamestowne Ct Baltimore, MD	3.0	1.0–1.5	787	$1,590	$2.02	4d	13	0.92mi
1 Summit Hill Ct Unit T-2 Baltimore, MD	2.0	2.0	1009	$1,900	$1.88	43d	1	0.97mi
201 S Symington Ave Catonsville, MD	1.0–2.0	1.0	788	$1,519	$1.93	1d	13	1.04mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	23d	1	1.05mi
6300 Mount Ridge Rd Unit A Catonsville, MD	2.0	1.0	1100	$1,750	$1.59	43d	1	1.08mi
238 Oglethorpe Rd Catonsville, MD	2.0	1.0	968	$1,650	$1.70	4d	1	1.12mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	43d	1	1.22mi
143 Nunnery Ln Catonsville, MD	1.0	1.0	600	$1,000	$1.67	43d	1	1.25mi
1253 Circle Dr Halethorpe, MD	1.0	1.0	780	$1,500	$1.92	17d	1	1.41mi

Listing history 34 events

1. 2026-06-18
   days on market $104,600 Active 148 DOM
2. 2026-06-17
   days on market $104,600 Active 147 DOM
3. 2026-06-16
   days on market $104,600 Active 146 DOM
4. 2026-06-15
   days on market $104,600 Active 145 DOM
5. 2026-06-13
   pricedays on market $104,600 Active 143 DOM
6. 2026-06-09
   days on market $128,000 Active 139 DOM
7. 2026-06-08
   days on market $128,000 Active 138 DOM
8. 2026-06-07
   days on market $128,000 Active 137 DOM
9. 2026-06-04
   days on market $128,000 Active 134 DOM
10. 2026-06-03
    days on market $128,000 Active 133 DOM
11. 2026-06-02
    days on market $128,000 Active 132 DOM
12. 2026-06-01
    days on market $128,000 Active 131 DOM
13. 2026-05-31
    days on market $128,000 Active 130 DOM
14. 2026-04-23
    price $128,000 393-char remark

    Show marketing remark (393 chars)

    Well-located Baltimore rowhome offering a solid opportunity for homeowners or investors. Situated on a residential block with convenient access to major routes, public transportation, shopping, and local amenities. Features a functional layout with ample natural light and a manageable yard. Ideal for buyers looking to add value or expand their rental portfolio. Property is being sold as-is.

15. 2026-04-13
    status Active 393-char remark

    Show marketing remark (393 chars)

    Well-located Baltimore rowhome offering a solid opportunity for homeowners or investors. Situated on a residential block with convenient access to major routes, public transportation, shopping, and local amenities. Features a functional layout with ample natural light and a manageable yard. Ideal for buyers looking to add value or expand their rental portfolio. Property is being sold as-is.

16. 2026-04-01
    status Pending 393-char remark

    Show marketing remark (393 chars)

    Well-located Baltimore rowhome offering a solid opportunity for homeowners or investors. Situated on a residential block with convenient access to major routes, public transportation, shopping, and local amenities. Features a functional layout with ample natural light and a manageable yard. Ideal for buyers looking to add value or expand their rental portfolio. Property is being sold as-is.

17. 2026-02-11
    price $138,736 393-char remark

    Show marketing remark (393 chars)

    Well-located Baltimore rowhome offering a solid opportunity for homeowners or investors. Situated on a residential block with convenient access to major routes, public transportation, shopping, and local amenities. Features a functional layout with ample natural light and a manageable yard. Ideal for buyers looking to add value or expand their rental portfolio. Property is being sold as-is.

18. 2026-01-09
    listed $150,800 Active 393-char remark

    Show marketing remark (393 chars)

    Well-located Baltimore rowhome offering a solid opportunity for homeowners or investors. Situated on a residential block with convenient access to major routes, public transportation, shopping, and local amenities. Features a functional layout with ample natural light and a manageable yard. Ideal for buyers looking to add value or expand their rental portfolio. Property is being sold as-is.

19. 2025-12-30
    historical
20. 2025-12-09
    price $152,069
21. 2025-11-11
    price $168,996
22. 2025-10-02
    listed $187,740 Active
23. 2001-12-17
    soldstatus $58,000
24. 2001-11-14
    soldstatus $58,000
25. 2001-09-28
    historical
26. 2001-07-09
    listed $60,000
27. 2000-11-11
    historical
28. 2000-10-12
    historical
29. 2000-09-14
    listed
30. 2000-08-12
    listed
31. 1994-11-12
    historical
32. 1993-11-12
    listed
33. 1990-12-11
    soldstatus $52,400
34. 1985-04-01
    soldstatus $43,000

ⓘ 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: $2,532 · $211/mo
• Projected year-2 tax: $2,532 · $211/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,590
• − Mortgage interest: −$5,859
• − Property taxes: −$2,532
• − Insurance: −$523
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$3,043
• Taxable income: $3,658
• Est. tax owed @ 24.0%: −$878
• After-tax cash flow: $4,171/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+197.7% since first listed

21 events — show timeline

• 2026-04-23 Price Changed $128,000 BRIGHT MLS
• 2026-04-13 Relisted — BRIGHT MLS
• 2026-04-01 Pending — BRIGHT MLS
• 2026-02-11 Price Changed $138,736 BRIGHT MLS
• 2026-01-09 Listed $150,800 BRIGHT MLS
• 2025-12-30 Listing Removed — BRIGHT MLS
• 2025-12-09 Price Changed $152,069 BRIGHT MLS
• 2025-11-11 Price Changed $168,996 BRIGHT MLS
• 2025-10-02 Listed $187,740 BRIGHT MLS
• 2001-12-17 Sold (Public Records) $58,000 Public Records
• 2001-11-14 Sold (MLS) $58,000 MRIS
• 2001-09-28 Delisted — MRIS
• 2001-07-09 Listed $60,000 MRIS
• 2000-11-11 Delisted — MRIS
• 2000-10-12 Delisted — MRIS
• 2000-09-14 Listed — MRIS
• 2000-08-12 Listed — MRIS
• 1994-11-12 Delisted — MRIS
• 1993-11-12 Listed — MRIS
• 1990-12-11 Sold (Public Records) $52,400 Public Records
• 1985-04-01 Sold (Public Records) $43,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $2,532 · +10.9% YoY. Source: county tax records.