2801 Round Rd · Baltimore, MD 21225

$125,000

2 bd · 1.0 ba · 756 sqft · Townhouse public records · 28 Days on market

Built 1945 3,485 sqft lot Est $100k · 25% over

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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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Experience the charm of this beautifully renovated end-of-row townhouse in the heart of Brooklyn, set to impress with its major renovations completed in 2024. This traditional brick home boasts 2 spacious bedrooms and a full bathroom, perfectly designed for modern living. The inviting layout features a poured concrete basement, offering endless possibilities for customization-think home office, gym, or additional storage. With a generous finished space, every corner of this home has been thoughtfully updated to meet today's lifestyle needs. Enjoy the convenience of on-street parking and a manageable lot size, providing a cozy outdoor space without the burden of extensive maintenance. This p

Key facts

• Built 1945
• Listed 28 days

Property features AI

Finance

• Financial info: Improvement assessed at $4,000; Land assessed at $1,000; Tax assessed value $5,000 (tax year 2026); Tax annual amount listed as $118

Exterior

• Parking: On-street parking
• Utilities: Public water; Private sewer; Electric service for heating, cooling, and hot water
• Home design: End of row townhouse; Ownership is fee simple; Year built listed as estimated, effective year 2024
• Construction: Brick construction; Brick/mortar foundation; Other structures noted above and below grade
• Exterior features: Property is inside city limits; No tidal water on the lot

Interior

• Bedrooms: Two bedrooms on the first upper level
• Bathrooms: One full bathroom
• Heating & cooling: 90% forced air heating (electric); Ductless/mini-split cooling (electric); Electric hot water
• Interior features: Finished above-grade living area approximately 756 (assessor); Basement with poured concrete

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $423 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% 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; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 36% 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 $864 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 + 4.1% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y 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 $3k; list at $125k implies a 3680% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1945 — 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: 1.30% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.50%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $99,792
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2715 Bookert Dr	0.08mi	2/1.0	756 (0%)	3mo	$125,000	$165	94
2737 Bookert Dr	0.06mi	2/1.0	756 (0%)	4mo	$90,000	$119	94
2820 Bookert Dr	0.04mi	2/1.0	756 (0%)	6mo	$85,000	$112	93
2856 Bookert Dr	0.08mi	2/1.0	756 (0%)	12mo	$105,000	$139	87
2805 Bookert Dr	0.05mi	2/2.0	756 (0%)	12mo	$164,900	$218	84
3040 Ascension St	0.49mi	2/1.0	756 (0%)	1mo	$75,000	$99	76
2712 Woodview Rd	0.11mi	3/1.0 (+1)	774 (+2%)	17mo	$150,000	$194	71
3051 Ascension St	0.53mi	2/1.0	756 (0%)	6mo	$100,000	$132	70
443 Roundview Rd	0.46mi	2/1.0	756 (0%)	14mo	$90,000	$119	67
462 Roundview Rd	0.43mi	2/1.0	756 (0%)	17mo	$71,000	$94	65
504 Bridgeview Rd	0.43mi	2/1.0	756 (0%)	18mo	$100,000	$132	65
403 Seagull Ave	0.57mi	2/1.5	756 (0%)	14mo	$170,000	$225	60

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: 6.2%
• Equity multiple: 1.24×
• Total profit: $8,503
• Equity at exit: $18,638

10-year hold

• IRR: 16.5%
• Equity multiple: 2.42×
• Total profit: $49,704
• Equity at exit: $10,808

Cash invested: $35,000 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,629 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $423

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 69%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2745 Round Rd Brooklyn, MD	2.0	2.0	756	$1,800	$2.38	43d	1	0.04mi
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	14d	1	0.35mi
511 Seagull Ave Brooklyn, MD	2.0	1.0	756	$1,550	$2.05	24d	1	0.55mi
3010 Alabama Ave Halethorpe, MD	2.0	1.0	900	$2,200	$2.44	17d	1	0.62mi
2868 Potee St Baltimore, MD	1.0–3.0	1.0	720	$1,392	$1.93	2d	22	0.68mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	24d	1	1.01mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	43d	1	1.04mi
205 Arundel Rd W Brooklyn, MD	1.0	1.0	608	$1,200	$1.97	43d	1	1.15mi
2500 Insulator Dr Baltimore, MD	3.0	1.0–2.0	988	$3,816	$3.86	2d	152	1.30mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	17d	1	1.34mi
2600 W Patapsco Ave Baltimore, MD	1.0–2.0	1.0	856	$1,309	$1.53	2d	24	1.36mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	4d	1	1.37mi
902 Catawba Ct Halethorpe, MD	3.0	1.0	906	$1,495	$1.65	22d	1	1.38mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	24d	1	1.40mi
4207 3rd St Unit 3 Brooklyn, MD	2.0	1.0	850	$1,595	$1.88	5d	1	1.46mi
3111 Bero Rd Halethorpe, MD	3.0	2.0	1024	$1,750	$1.71	43d	1	1.47mi

Listing history 24 events

1. 2026-06-18
   days on market $125,000 Active 28 DOM
2. 2026-06-17
   days on market $125,000 Active 27 DOM
3. 2026-06-16
   days on market $125,000 Active 26 DOM
4. 2026-06-15
   days on market $125,000 Active 25 DOM
5. 2026-06-13
   days on market $125,000 Active 23 DOM
6. 2026-06-09
   days on market $125,000 Active 19 DOM
7. 2026-06-08
   days on market $125,000 Active 18 DOM
8. 2026-06-07
   days on market $125,000 Active 17 DOM
9. 2026-06-04
   days on market $125,000 Active 14 DOM
10. 2026-06-03
    days on market $125,000 Active 13 DOM
11. 2026-06-02
    days on market $125,000 Active 12 DOM
12. 2026-06-01
    days on market $125,000 Active 11 DOM
13. 2026-05-31
    days on market $125,000 Active 10 DOM
14. 2026-05-22
    listed $125,000 Active
15. 2026-05-17
    historical $125,000
16. 2025-09-30
    historical
17. 2025-02-10
    status Active
18. 2024-11-15
    historical
19. 2024-11-15
    listed $99,000 Active
20. 2024-10-01
    historical
21. 2020-05-28
    soldstatus $3,307
22. 2020-03-13
    soldstatus $12,489
23. 2003-11-11
    historical
24. 2003-10-28
    listed

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,548
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,564
• − Management: −$1,564
• − Depreciation: −$3,636
• Taxable income: $3,282
• Est. tax owed @ 24.0%: −$788
• After-tax cash flow: $4,289/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

+900.9% since first listed

11 events — show timeline

• 2026-05-22 Listed $125,000 BRIGHT MLS
• 2026-05-17 Coming Soon $125,000 BRIGHT MLS
• 2025-09-30 Listing Removed — BRIGHT MLS
• 2025-02-10 Relisted — BRIGHT MLS
• 2024-11-15 Listing Removed — BRIGHT MLS
• 2024-11-15 Listed $99,000 BRIGHT MLS
• 2024-10-01 Coming Soon — BRIGHT MLS
• 2020-05-28 Sold (Public Records) $3,307 Public Records
• 2020-03-13 Sold (Public Records) $12,489 Public Records
• 2003-11-11 Delisted — MRIS
• 2003-10-28 Listed — MRIS

Property tax history

-16.9%/yr

Latest (2025): $117 · +0.0% YoY. Source: county tax records.