4014 Century Rd · Baltimore, MD 21206

$129,000

3 bd · 2.0 ba · 1,440 sqft · Townhouse public records · 15 Days on market

Built 1947 1,620 sqft lot Est $230k · 44% 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 +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this traditional townhouse located in the desirable Glenham-Belford subdivision! Built in 1947, this residence features a well-maintained brick exterior, enhancing its curb appeal and durability. Spanning 1,440 square feet, the interior showcases a traditional floor plan with natural lights that illuminates the home through double-pane windows, and a carpet flooring that flows seamlessly from the spacious living room to the inviting dining area. Adjacent to the dining room is the kitchen with ample table space and is equipped with wood cabinets and appliances. The property boasts three bedrooms, complemented by one full bathroom with tub shower, catering to both convenience and p

Key facts

• Carpet flooring
• Brick exterior
• Recreation room

Tags

• BRICK EXTERIOR
• DOUBLE-PANE WINDOWS
• CARPET FLOORING
• IMPROVED FULL BASEMENT
• WALKOUT ACCESS
• RECREATION ROOM

Property features AI

Finance

• Other: In city limits; Road responsibility: City/County; Ground rent paid annually
• HOA & community: Other fees frequency: Unknown

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas heating and hot water
• Home design: Brick construction with brick front; Interior townhouse/rowhouse; Fee simple ownership; Estimated year built
• Construction: Concrete perimeter foundation; Asphalt, built-up, and flat roofing; Double-pane windows
• Exterior features: Deck(s) and porch(es); Sidewalks; Street lights; Chain-link rear fencing; Walkout-level, finished basement with windows and outside/rear entrances

Interior

• Kitchen: Table-space kitchen; Second kitchen
• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet; Ceramic tile; Vinyl; Wood floors
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Radiator heat; Ceiling fan(s) for cooling; Natural gas heating and hot water
• Interior features: Traditional floor plan; Table-space kitchen; Window treatments; Wood floors; Second kitchen; Tub/shower; Ceiling fan(s); Dining area; Drywall and paneled walls; Storm door
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $129k.

Deal economics

• At list price, monthly cash flow is $655 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.4% 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 (+4.4%/yr); 180 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 39% of the median local income ($65k/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 $892 of loan paydown is wiped out by about $4k 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 + 4.4% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 30y 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 $50k; list at $129k implies a 158% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $127,065 (1.5% below list)

Questions for the listing agent

1. Built in 1947 — 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: 1.61% ✓
• Cap rate: 12.38%
• Cash-on-cash: 21.75%
• DSCR: 1.97
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $230,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3711 Ina Ave	0.32mi	3/2.0	1,402 (-3%)	2mo	$242,000	$173	79
3827 Glenarm Ave	0.23mi	3/1.5	1,536 (+7%)	3mo	$245,000	$160	74
3708 Keene Ave	0.51mi	3/1.0	1,452 (+1%)	1mo	$220,000	$152	70
6018 Belle Vista Ave	0.29mi	3/1.5	1,536 (+7%)	4mo	$245,000	$160	70
6307 Fairdel Ave	0.54mi	3/2.0	1,378 (-4%)	3mo	$272,000	$197	65
3612 Evergreen Ave	0.56mi	3/2.0	1,364 (-5%)	1mo	$220,000	$161	64
6226 Walther Ave	0.41mi	4/2.0 (+1)	1,541 (+7%)	1mo	$300,000	$195	63
4227 Berger Ave	0.57mi	3/2.0	1,519 (+6%)	3mo	$98,123	$65	62
4216 Berger Ave	0.55mi	4/2.5 (+1)	1,380 (-4%)	4mo	$83,500	$61	57
6421 Cedonia Ave	0.65mi	3/1.0	1,320 (-8%)	0mo	$170,000	$129	52
5414 Belair Rd	0.75mi	3/3.0	1,352 (-6%)	1mo	$218,900	$162	50
5904 Willet Ave	0.41mi	2/1.0 (-1)	1,258 (-13%)	5mo	$180,000	$143	47

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: 16.1%
• Equity multiple: 1.66×
• Total profit: $23,929
• Equity at exit: $19,234

10-year hold

• IRR: 25.9%
• Equity multiple: 3.43×
• Total profit: $87,741
• Equity at exit: $11,154

Cash invested: $36,120 (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 21206

• Rents YoY: 4.4%
• Active inventory: 180
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,081 high
• Mortgage (P&I): −$676
• Tax from tax record: −$259 /mo · $3,111/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $655

Break-even live

Break-even rent $1,253

Max offer price $129,000

Occupancy floor 64%

Sensitivity live

Price	-10% $728	-5% $691	+0% $655	+5% $618	+10% $582
Rent	-10% $490	-5% $573	+0% $655	+5% $737	+10% $819
Rate	-1.0pp $720	-0.5pp $688	base $655	+0.5pp $621	+1.0pp $587

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	44d	1	0.06mi
4308 Hamilton Ave Baltimore, MD	2.0	1.0	1110	$1,416	$1.28	24d	1	0.44mi
5632 Belair Rd Baltimore, MD	3.0	1.5	1260	$2,100	$1.67	24d	1	0.47mi
3607 Bayonne Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,300	$1.44	24d	1	0.57mi
5424 Belle Vista Ave Baltimore, MD	2.0	1.0	932	$1,300	$1.39	44d	1	0.65mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	44d	7	0.67mi
3807 Fleetwood Ave Unit 1 Baltimore, MD	2.0	1.0	969	$1,490	$1.54	5d	1	0.74mi
3807 Fleetwood Ave Unit 2 Baltimore, MD	3.0	1.0	937	$1,550	$1.65	5d	1	0.74mi
4903 1/2 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	24d	1	0.76mi
4905 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	24d	1	0.76mi
3721 Frankford Ave Baltimore, MD	3.0	2.0	1600	$2,050	$1.28	44d	1	0.76mi
4907 Hamilton Ave Unit B Baltimore, MD	3.0	2.0	925	$1,699	$1.84	44d	1	0.77mi
4909 Hamilton Ave Baltimore, MD	2.0–3.0	2.0	862	$1,550	$1.80	4d	5	0.80mi
5904 Arizona Ave Unit B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	24d	1	0.82mi
5307 Valiquet Ave Unit A Baltimore, MD	2.0	1.0	1672	$1,375	$0.82	44d	1	0.84mi
3412 Fleetwood Ave Baltimore, MD	3.0	2.5	1620	$2,195	$1.35	44d	1	0.84mi
5938 Clayton Ave Baltimore, MD	4.0	2.0	1296	$2,872	$2.22	17d	1	0.91mi
3802 Biddison Ln Baltimore, MD	4.0	1.5	1443	$2,024	$1.40	12d	1	0.93mi
4007 Biddison Ln Apt 1 Baltimore, MD	2.0	1.0	1000	$1,279	$1.28	18d	1	0.96mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	44d	1	1.00mi
3514 Ailsa Ave Baltimore, MD	3.0	2.0	1800	$2,200	$1.22	44d	1	1.05mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	24d	1	1.08mi
3158 Woodring Ave Parkville, MD	3.0	1.5	1500	$1,950	$1.30	24d	1	1.12mi
4924 Frankford Ave Baltimore, MD	4.0	2.0	1176	$2,600	$2.21	24d	1	1.16mi
4718 Blue Ridge Ave Baltimore, MD	4.0	3.0	1744	$2,400	$1.38	12d	1	1.27mi
3309 Southern Ave Unit 2 Baltimore, MD	2.0	1.0	1200	$1,600	$1.33	13d	1	1.28mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	3d	1	1.29mi
5313 Todd Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	17d	1	1.29mi
3010 Woodring Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,600	$1.78	44d	1	1.30mi
2805 Hamilton Ave Baltimore, MD	4.0	2.0	1416	$2,300	$1.62	44d	1	1.30mi
6042 Barstow Rd Baltimore, MD	1.0–3.0	1.0	736	$1,527	$2.07	3d	1	1.33mi
35-C Mopec Cir Nottingham, MD	2.0	1.0	1100	$1,445	$1.31	3d	10	1.35mi
5253 Cedgate Rd Unit 1 Baltimore, MD	3.0	1.5	1152	$2,200	$1.91	44d	1	1.38mi
5248 Darien Rd Baltimore, MD	3.0	1.0	1584	$2,100	$1.33	44d	1	1.39mi
2804 Christopher Ave Baltimore, MD	3.0	2.5	1280	$2,200	$1.72	24d	1	1.39mi
2900 Ailsa Ave Apt 2 Baltimore, MD	3.0	1.0	1300	$1,750	$1.35	5d	1	1.40mi
8133 Bartholomew Ct Baltimore, MD	3.0	2.5	1600	$2,700	$1.69	24d	1	1.42mi
2911 Shirey Ave Baltimore, MD	4.0	2.0	1680	$2,500	$1.49	21d	1	1.45mi
2807 Shirey Ave Baltimore, MD	4.0	3.0	1190	$2,500	$2.10	15d	1	1.49mi

Listing history 10 events

1. 2026-06-21
   days on market $129,000 Active 15 DOM
2. 2026-06-18
   days on market $129,000 Active 12 DOM
3. 2026-06-17
   days on market $129,000 Active 11 DOM
4. 2026-06-16
   days on market $129,000 Active 10 DOM
5. 2026-06-15
   days on market $129,000 Active 9 DOM
6. 2026-06-13
   days on market $129,000 Active 7 DOM
7. 2026-06-09
   days on market $129,000 Active 3 DOM
8. 2026-06-08
   days on market $129,000 Active 2 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $129,000 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: $3,111 · $259/mo
• Projected year-2 tax: $3,111 · $259/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: $24,977
• − Mortgage interest: −$7,226
• − Property taxes: −$3,111
• − Insurance: −$645
• − Repairs & maintenance: −$1,998
• − Management: −$1,998
• − Depreciation: −$3,753
• Taxable income: $6,245
• Est. tax owed @ 24.0%: −$1,499
• After-tax cash flow: $6,358/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): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% Other Indo-European 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+135.0% since first listed

14 events — show timeline

• 2026-06-06 Listed $129,000 BRIGHT MLS
• 2024-09-03 Listing Removed — BRIGHT MLS
• 2024-04-15 Relisted — BRIGHT MLS
• 2024-04-15 Listing Removed — BRIGHT MLS
• 2024-04-09 Price Changed $140,000 BRIGHT MLS
• 2024-04-08 Relisted — BRIGHT MLS
• 2024-04-04 Listing Removed — BRIGHT MLS
• 2024-02-15 Relisted — BRIGHT MLS
• 2024-02-12 Listing Removed — BRIGHT MLS
• 2024-02-10 Listed $125,000 BRIGHT MLS
• 1998-07-14 Sold (Public Records) $50,000 Public Records
• 1997-12-19 Sold (MLS) $50,000 MRIS
• 1997-11-12 Delisted — MRIS
• 1996-03-30 Listed $54,900 MRIS

Property tax history

+0.4%/yr

Latest (2025): $3,111 · +5.2% YoY. Source: county tax records.