314 Hornel St · Baltimore, MD 21224

$215,000

2 bd · 1.5 ba · 1,155 sqft · Townhouse public records · 1 Days on market

Built 1950 2,600 sqft lot Est $172k · 25% over

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Why this score? — see what drove the F 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 +13.6/30.0
• DSCR +4.1/10.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * BEAUTIFUL! * * * MOVE RIGHT INTO THIS SPACIOUS PORCH FRONT TOWNHOME! NEW LAMINATE FLOORING ON 1ST FLOOR. UPDATED KITCHEN W/ OAK CABINETS, DISHWASHER, NEW REFRIGERATOR & NEW STOVE. RENOVATED BATHS. FRESHLY PAINTED. LOWER LEVEL FEATURES RECROOM W/ NEW CARPET (COULD BE 3RD BEDROOM), POWDER ROOM, NEW WINDOW, LAUNDRY (NEW WASHER!), EXTRA FRIG, AND ACCESS TO REAR YARD W/ NEWLY POURED CONCRETE, COVERED PATIO & PARKING PAD. SECONDS TO I-95 & THE BELTWAY. * * TRULY A GREAT BUY! * *

Key facts

• Renovated home
• Remodeled bathroom
• Updated kitchen

Tags

• RENOVATED HOME
• OPEN-CONCEPT MAIN FLOOR
• UPDATED KITCHEN
• REMODELED BATHROOM
• FINISHED WALK-OUT BASEMENT
• PRIVATE PARKING

Property features AI

Finance

• Financial info: Owned with ground rent (semi-annual payment)

Exterior

• Parking: Off-street parking via concrete driveway; Driveway available
• Utilities: Public water; Public sewer; Electric cooling; Natural gas heating and hot water
• Home design: Interior townhouse/rowhouse; Above-grade and below-grade finished space
• Construction: Brick construction; Block foundation; Built-up and shingle roof; Double-pane windows; Fully finished basement
• Exterior features: Awning(s); Sidewalks; Patio(s); Porch(es); Partially fenced yard; Front yard landscaping

Interior

• Kitchen: Gas range/oven (self-cleaning); Dishwasher; Refrigerator
• Bedrooms: Two bedrooms on the first upper level
• Flooring: Laminate flooring; Luxury vinyl plank
• Bathrooms: One full bathroom; One half bathroom on the lower level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Ceiling fans; Combination kitchen/dining area; Storm door(s)
• Laundry & utility: Washer and dryer; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $215k.

Deal economics

• At list price, monthly cash flow is $13 ($161/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (15.1% below list).
• Recommended offer: $183k (15.1% below list) — sets the bar for 1% rule.

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 $6k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y 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 $146k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $182,566 (15.1% 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. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.27%
• DSCR: 1.01
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $172,095
• Comps found: 12

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 (-14%)	0mo	$140,000	$141	74
340 Kane St	0.16mi	2/1.5	1,240 (+7%)	8mo	$185,000	$149	73
400 Imla St	0.09mi	3/2.0 (+1)	1,264 (+9%)	3mo	$155,000	$123	71
319 Joplin St	0.13mi	2/1.0	1,050 (-9%)	7mo	$154,000	$147	71
334 Kane St	0.16mi	2/2.0	1,050 (-9%)	9mo	$195,000	$186	68
7039 Eastbrook Ave	0.69mi	2/1.5	1,196 (+4%)	1mo	$215,000	$180	61
6811 Bank St	0.51mi	2/2.0	1,084 (-6%)	4mo	$178,000	$164	61
404 Cornwall St	0.26mi	3/1.0 (+1)	1,260 (+9%)	6mo	$180,000	$143	60
320 Joplin St	0.10mi	3/1.0 (+1)	1,324 (+15%)	5mo	$200,000	$151	59
620 Savage St	0.71mi	3/2.0 (+1)	1,128 (-2%)	2mo	$91,000	$81	55
618 Umbra St	0.62mi	3/1.0 (+1)	1,024 (-11%)	0mo	$209,900	$205	45
1108 Steelton Ave	0.65mi	3/1.0 (+1)	1,080 (-6%)	8mo	$110,000	$102	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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -17.7%
• Equity multiple: 0.38×
• Total profit: $-37,045
• Equity at exit: $32,057

10-year hold

• IRR: -13.3%
• Equity multiple: 0.28×
• Total profit: $-43,297
• Equity at exit: $18,589

Cash invested: $60,200 (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: 9.8×

Monthly cashflow live

• Estimated rent: $1,826 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$212 /mo · $2,541/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $13

Break-even live

Break-even rent $1,809

Max offer price $215,000

Occupancy floor 94%

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: $53,750
• Closing costs: $6,450
• 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
338 Gusryan St Baltimore, MD	2.0	1.5	1218	$1,700	$1.40	23d	1	0.07mi
340 Gusryan St Baltimore, MD	3.0	2.0	1300	$2,500	$1.92	43d	1	0.07mi
416 Hornel St Unit 2 Baltimore, MD	2.0	1.0	1470	$1,400	$0.95	23d	1	0.10mi
328 Folcroft St Baltimore, MD	3.0	2.0	1460	$2,300	$1.58	23d	1	0.12mi
334 Kane St Baltimore, MD	2.0	2.0	1050	$1,675	$1.60	23d	1	0.14mi
434 Folcroft St Unit A Baltimore, MD	3.0	1.5	1260	$1,500	$1.19	43d	1	0.16mi
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
335 Drew St Unit 1 Baltimore, MD	2.0	1.0	1460	$1,600	$1.10	23d	1	0.20mi
335 Drew St Unit 2 Baltimore, MD	1.0	1.0	1460	$1,200	$0.82	23d	1	0.20mi
339 Drew St Baltimore, MD	1.0	1.0	1460	$1,200	$0.82	23d	1	0.20mi
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
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
708 Umbra St Baltimore, MD	3.0	1.5	1274	$2,000	$1.57	17d	1	0.66mi
7058 Eastbrook Ave Baltimore, MD	3.0	2.0	1228	$1,700	$1.38	11d	1	0.70mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,750	$1.23	23d	1	0.73mi
1207 Anglesea St Baltimore, MD	2.0	2.0	1162	$2,150	$1.85	4d	1	0.74mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	3d	1	0.82mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	23d	1	0.82mi
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
611 Oldham St Baltimore, MD	2.0	1.0	1148	$1,800	$1.57	12d	1	0.88mi
410 S Newkirk St Baltimore, MD	2.0	1.5	1330	$1,580	$1.19	43d	1	0.91mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	23d	1	0.92mi
133 S Macon St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	17d	1	0.93mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	17d	1	0.94mi
7325 Conley St Baltimore, MD	3.0	2.0	1290	$1,950	$1.51	17d	1	0.95mi
1504 Elrino St Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	4d	1	0.96mi
527 S Lehigh St Baltimore, MD	3.0	2.0	1320	$2,325	$1.76	43d	1	0.99mi
4505 Foster Ave Baltimore, MD	3.0	3.0	1376	$2,650	$1.93	23d	1	1.04mi
1613 Elrino St Baltimore, MD	2.0	1.0	700	$1,350	$1.93	43d	1	1.12mi
505 Northpoint Rd Baltimore, MD	3.0	2.0	1300	$2,195	$1.69	11d	1	1.19mi
7716 Wynbrook Rd Baltimore, MD	2.0	1.0	1232	$1,800	$1.46	43d	1	1.19mi
502 S Haven St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	16d	1	1.24mi
502 S Haven St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	23d	1	1.24mi

Listing history 2 events

1. 2026-06-19
   remarks 699-char remark
2. 2026-06-19
   listed $215,000 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: $2,541 · $212/mo
• Projected year-2 tax: $2,541 · $212/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: $21,908
• − Mortgage interest: −$12,043
• − Property taxes: −$2,541
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,753
• − Management: −$1,753
• − Depreciation: −$6,255
• Taxable loss: −$3,512
• Est. tax savings @ 24.0%: +$843
• After-tax cash flow: $1,004/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

+30.3% since first listed

7 events — show timeline

• 2026-06-18 Listed $215,000 BRIGHT MLS
• 2023-02-15 Sold (Public Records) $146,250 Public Records
• 2022-12-15 Listing Removed — BRIGHT MLS
• 2022-12-15 Sold (MLS) $146,250 BRIGHT MLS
• 2022-11-07 Pending — BRIGHT MLS
• 2022-11-07 Listing Removed — BRIGHT MLS
• 2022-11-01 Listed $165,000 BRIGHT MLS

Property tax history

+0.4%/yr

Latest (2025): $2,541 · +8.0% YoY. Source: county tax records.