441 Roundview Rd · Baltimore, MD 21225

$89,000

2 bd · 1.0 ba · 1,039 sqft · Townhouse public records · 41 Days on market

Built 1944 2,086 sqft lot $86/sqft · at area comps Est $94k · at est.

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.7/15.0
• 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

Professional photos and remarks - Coming Soon!

Key facts

• Built 1944
• Listed 40 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $89k.

Deal economics

• At list price, monthly cash flow is $820 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.4% 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; 38 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 41% 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 $615 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 + 4.1% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $11k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1944 — 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 $86,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 2.05% ✓
• Cap rate: 17.35%
• Cash-on-cash: 39.50%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

• ARV (median comp): $93,558
• List price: $89,000
• Delta: -4.87%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
628 Roundview Rd	0.14mi	3/1.0 (+1)	1,024 (-1%)	3mo	$85,100	$83	83
504 Roundview	0.07mi	3/1.5 (+1)	1,024 (-1%)	7mo	$98,000	$96	82
2828 Waterview Ave	0.23mi	2/1.0	960 (-8%)	8mo	$50,000	$52	70
2847 Joseph Ave	0.31mi	3/1.5 (+1)	1,116 (+7%)	1mo	$235,000	$211	66
3011 Larue Sq E	0.21mi	3/1.0 (+1)	960 (-8%)	9mo	$100,000	$104	65
2825 Round Rd	0.47mi	2/1.5	1,039 (0%)	20mo	$85,000	$82	60
604 Cheraton Rd	0.23mi	3/1.5 (+1)	1,174 (+13%)	6mo	$95,000	$81	55

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: 37.0%
• Equity multiple: 2.60×
• Total profit: $39,855
• Equity at exit: $13,270

10-year hold

• IRR: 44.2%
• Equity multiple: 5.43×
• Total profit: $110,508
• Equity at exit: $7,695

Cash invested: $24,920 (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: 4.1×

Monthly cashflow live

• Estimated rent: $1,825 high
• Mortgage (P&I): −$467
• Tax from tax record: −$118 /mo · $1,412/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $820

Break-even live

Break-even rent $787

Max offer price $89,000

Occupancy floor 50%

Sensitivity live

Price	-10% $871	-5% $845	+0% $820	+5% $795	+10% $770
Rent	-10% $676	-5% $748	+0% $820	+5% $892	+10% $964
Rate	-1.0pp $865	-0.5pp $843	base $820	+0.5pp $797	+1.0pp $774

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 Seagull Ave Brooklyn, MD	2.0	1.0	756	$1,550	$2.05	25d	1	0.18mi
607 Cheraton Rd Brooklyn, MD	3.0	3.0	1200	$1,750	$1.46	16d	1	0.21mi
2868 Potee St Baltimore, MD	1.0–3.0	1.0	720	$1,392	$1.93	3d	22	0.23mi
130 Reedbird Ave Brooklyn, MD	2.0	1.0	1152	$1,700	$1.48	25d	1	0.24mi
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	16d	1	0.30mi
2745 Round Rd Brooklyn, MD	2.0	2.0	756	$1,800	$2.38	45d	1	0.46mi
2500 Insulator Dr Baltimore, MD	3.0	1.0–2.0	988	$3,816	$3.86	3d	152	0.90mi
49 Talbott St Brooklyn, MD	2.0	1.0	1300	$1,300	$1.00	25d	1	0.99mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	25d	1	1.04mi
3010 Alabama Ave Halethorpe, MD	2.0	1.0	900	$2,200	$2.44	19d	1	1.05mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	19d	1	1.09mi
2450 Rye St Baltimore, MD	2.0	1.0–2.0	926	$3,789	$4.09	3d	31	1.17mi
3569 4th St Brooklyn, MD	2.0	1.5	1256	$1,200	$0.96	19d	1	1.17mi
250 Mission Blvd Baltimore, MD	2.0	1.0–2.0	790	$3,406	$4.31	3d	21	1.18mi
303 Arden Rd W Brooklyn, MD	3.0	2.0	1388	$2,500	$1.80	19d	1	1.19mi
520 Baltic Ave Unit B Baltimore, MD	1.0	1.0	800	$1,050	$1.31	45d	1	1.22mi
1942 Light St Baltimore, MD	2.0	2.5	1150	$2,200	$1.91	23d	1	1.28mi
1900 S Hanover St Baltimore, MD	3.0	1.0–2.0	875	$3,119	$3.56	3d	66	1.29mi
3528 6th St Brooklyn, MD	2.0	2.5	1060	$1,500	$1.42	19d	1	1.29mi
603 Maude Ave Unit A Baltimore, MD	1.0	1.0	1294	$950	$0.73	5d	1	1.32mi
1839 S Charles St Baltimore, MD	3.0	2.5	1238	$2,600	$2.10	45d	1	1.33mi
3428 7th St Unit B Baltimore, MD	1.0	1.0	1294	$1,150	$0.89	45d	1	1.34mi
103 E Wells St Baltimore, MD	1.0–2.0	1.0	1008	$2,415	$2.39	3d	11	1.36mi
1815 S Charles St Baltimore, MD	2.0	2.0	1208	$2,100	$1.74	45d	1	1.36mi
1746 S Hanover St Baltimore, MD	3.0	2.0	1490	$2,700	$1.81	12d	1	1.38mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	5d	1	1.38mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	21d	1	1.38mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	25d	1	1.38mi
1807 Westphal Pl Baltimore, MD	2.0	2.5	1378	$2,500	$1.81	5d	1	1.40mi
111 W Heath St Baltimore, MD	2.0	1.0–2.5	1263	$2,850	$2.26	4d	7	1.40mi
1718 S Hanover St Baltimore, MD	2.0	2.5	1296	$2,700	$2.08	25d	1	1.41mi
4207 3rd St Unit 3 Brooklyn, MD	2.0	1.0	850	$1,595	$1.88	6d	1	1.41mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	45d	1	1.42mi
1710 Marshall St Baltimore, MD	2.0	1.0	1110	$2,500	$2.25	45d	1	1.45mi
1631 S Charles St Baltimore, MD	2.0	3.0	1460	$2,607	$1.79	5d	1	1.47mi
49 E Heath St Baltimore, MD	2.0	1.5	858	$1,800	$2.10	12d	1	1.47mi
1702 Light St Unit 302 Baltimore, MD	2.0	2.0	735	$2,300	$3.13	19d	1	1.47mi
1608 S Hanover St Baltimore, MD	3.0	3.5	1346	$3,000	$2.23	19d	1	1.49mi

Listing history 25 events

1. 2026-06-21
   days on market $89,000 Active 41 DOM
2. 2026-06-18
   days on market $89,000 Active 38 DOM
3. 2026-06-17
   days on market $89,000 Active 37 DOM
4. 2026-06-16
   days on market $89,000 Active 36 DOM
5. 2026-06-15
   days on market $89,000 Active 35 DOM
6. 2026-06-13
   pricedays on market $89,000 Active 33 DOM
7. 2026-06-09
   days on market $100,000 Active 29 DOM
8. 2026-06-08
   days on market $100,000 Active 28 DOM
9. 2026-06-07
   days on market $100,000 Active 27 DOM
10. 2026-06-04
    days on market $100,000 Active 24 DOM
11. 2026-06-03
    days on market $100,000 Active 23 DOM
12. 2026-06-02
    days on market $100,000 Active 22 DOM
13. 2026-06-01
    days on market $100,000 Active 21 DOM
14. 2026-05-31
    days on market $100,000 Active 20 DOM
15. 2026-05-12
    listed $100,000 Active 47-char remark

    Show marketing remark (47 chars)

    Professional photos and remarks - Coming Soon!

16. 2026-04-21
    historical $100,000 47-char remark

    Show marketing remark (47 chars)

    Professional photos and remarks - Coming Soon!

17. 2021-03-16
    soldstatus $60,000
18. 2019-04-03
    soldstatus $47,000
19. 2019-03-22
    soldstatus $47,000 Closed 228-char remark

    Show marketing remark (228 chars)

    Welcome Home - This great 2 Bed 1 Bath home features all NEW: Windows, Roof and gutters, New Bathroom, Club basement, Drain Tile. Also, Large Backyard, Great Enclosed Front Porch. This property has a 100% lead free certification

20. 2019-03-06
    historical Active Under Contract 228-char remark

    Show marketing remark (228 chars)

    Welcome Home - This great 2 Bed 1 Bath home features all NEW: Windows, Roof and gutters, New Bathroom, Club basement, Drain Tile. Also, Large Backyard, Great Enclosed Front Porch. This property has a 100% lead free certification

21. 2019-03-01
    listed $50,000 Active 228-char remark

    Show marketing remark (228 chars)

    Welcome Home - This great 2 Bed 1 Bath home features all NEW: Windows, Roof and gutters, New Bathroom, Club basement, Drain Tile. Also, Large Backyard, Great Enclosed Front Porch. This property has a 100% lead free certification

22. 2017-04-19
    soldstatus $13,000
23. 2017-04-19
    soldstatus $13,000 Sold
24. 2017-04-12
    status Contract
25. 2017-04-12
    listed $12,000 Active

ⓘ 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: $1,412 · $118/mo
• Projected year-2 tax: $1,412 · $118/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 ≥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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,899
• − Mortgage interest: −$4,985
• − Property taxes: −$1,412
• − Insurance: −$445
• − Repairs & maintenance: −$1,752
• − Management: −$1,752
• − Depreciation: −$2,589
• Taxable income: $8,964
• Est. tax owed @ 24.0%: −$2,151
• After-tax cash flow: $7,691/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

+733.3% since first listed

11 events — show timeline

• 2026-05-12 Listed $100,000 BRIGHT MLS
• 2026-04-21 Coming Soon $100,000 BRIGHT MLS
• 2021-03-16 Sold (Public Records) $60,000 Public Records
• 2019-04-03 Sold (Public Records) $47,000 Public Records
• 2019-03-22 Sold (MLS) $47,000 BRIGHT MLS
• 2019-03-06 Contingent — BRIGHT MLS
• 2019-03-01 Listed $50,000 BRIGHT MLS
• 2017-04-19 Sold (MLS) $13,000 MRIS
• 2017-04-19 Sold (MLS) $13,000 BRIGHT MLS
• 2017-04-12 Pending — MRIS
• 2017-04-12 Listed $12,000 MRIS

Property tax history

-1.2%/yr

Latest (2025): $1,412 · +9.1% YoY. Source: county tax records.