3817 Saint Margaret St · Baltimore, MD 21225

$195,000

4 bd · 1.0 ba · 864 sqft · Townhouse public records · 62 Days on market

Built 1943 $226/sqft · 68% above area Est $168k · 16% 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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +5.4/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.3/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully renovated 4-bedroom, 2 full-bath townhouse in Brooklyn where modern upgrades and effortless living come together seamlessly. This move-in-ready home is packed with major improvements, including brand-new high-end stainless steel appliances, a new HVAC system, new water heater, new windows, and a new roof completed fully to code —offering peace of mind for years to come. Inside, you’ll find stylish and durable new vinyl waterproof flooring throughout all three levels. Step outside to enjoy the freshly stained deck—perfect for relaxing evenings or entertaining friends. The fully fenced backyard adds an extra layer of privacy and space for outdoor enjoyment. With all major systems and finishes thoughtfully updated, this low-maintenance, high-value home is ideal for both homeowners and investors. Conveniently located just minutes from I-295, I-95, I-895, and Route 1, and close to major shopping centers and restaurants, this turnkey property truly checks every box. Don’t miss your opportunity to make it yours!

Key facts

• Built 1943
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $195k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $183k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 (+4.1%/yr); 165 active listings in the ZIP; 12 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).
• At $2,034/mo this rent would consume 45% of the median local household income ($54k/yr) (locally 1440% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $55k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 2 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 $6k; list at $195k implies a 3150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1943 — 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: 1.04% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.12%
• DSCR: 1.45
• GRM: 8.0

CMA / ARV

• ARV (median comp): $168,001
• List price: $195,000
• Delta: 16.07%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3825 10th St	0.05mi	3/1.0 (-1)	810 (-6%)	10mo	$110,000	$136	74
3601 9th St	0.22mi	3/1.0 (-1)	960 (+11%)	7mo	$35,000	$36	61
827 Pontiac Ave	0.23mi	3/1.0 (-1)	960 (+11%)	8mo	$77,000	$80	59
5333 Wasena Ave	0.71mi	3/1.5 (-1)	856 (-1%)	1mo	$215,000	$251	58
4113 Townsend Ave	0.43mi	3/1.0 (-1)	928 (+7%)	8mo	$185,000	$199	56
1347 Cambria St	0.25mi	3/2.5 (-1)	986 (+14%)	3mo	$177,000	$180	51
4009 6th St	0.41mi	3/1.5 (-1)	952 (+10%)	7mo	$159,900	$168	51
4132 Doris Ave	0.45mi	3/1.5 (-1)	992 (+15%)	1mo	$215,000	$217	46
5208 Wasena	0.65mi	3/2.0 (-1)	920 (+6%)	5mo	$207,000	$225	46
415 Cambria St	0.59mi	3/1.0 (-1)	968 (+12%)	3mo	$76,000	$79	45
4144 Townsend Ave	0.47mi	3/1.5 (-1)	992 (+15%)	3mo	$90,100	$91	44
4217 Doris Ave	0.52mi	3/1.5 (-1)	992 (+15%)	4mo	$235,000	$237	40

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: -0.1%
• Equity multiple: 1.00×
• Total profit: $-126
• Equity at exit: $29,075

10-year hold

• IRR: 10.5%
• Equity multiple: 1.85×
• Total profit: $46,654
• Equity at exit: $16,860

Cash invested: $54,600 (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: 8.0×

Monthly cashflow live

• Estimated rent: $2,034 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$43 /mo · $513/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $461

Break-even live

Break-even rent $1,451

Max offer price $195,000

Occupancy floor 72%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3826 10th St Unit Entire House Baltimore, MD	3.0	2.0	1110	$2,400	$2.16	23d	1	0.08mi
1305 E Patapsco Ave Brooklyn, MD	3.0	1.5	930	$1,650	$1.77	4d	1	0.22mi
1353 Cambria St Brooklyn, MD	3.0	2.0	986	$1,600	$1.62	17d	1	0.26mi
3840 8th St Brooklyn, MD	3.0	1.5	1088	$1,606	$1.48	4d	1	0.29mi
4216 Prudence St Curtis Bay, MD	4.0	3.0	1116	$2,100	$1.88	43d	1	0.42mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	4d	1	0.46mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	23d	1	0.46mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	20d	1	0.46mi
4206 Audrey Ave Brooklyn, MD	3.0	3.0	1104	$1,950	$1.77	23d	1	0.53mi
5215 Wasena Ave Brooklyn, MD	3.0	1.0	1030	$1,650	$1.60	43d	1	0.66mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	17d	1	0.70mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	23d	1	1.14mi

Listing history 17 events

1. 2026-06-09
   days on market $195,000 Active 62 DOM
2. 2026-06-08
   days on market $195,000 Active 61 DOM
3. 2026-06-07
   days on market $195,000 Active 60 DOM
4. 2026-06-04
   days on market $195,000 Active 57 DOM
5. 2026-06-03
   days on market $195,000 Active 56 DOM
6. 2026-06-02
   days on market $195,000 Active 55 DOM
7. 2026-06-01
   days on market $195,000 Active 54 DOM
8. 2026-05-31
   days on market $195,000 Active 53 DOM
9. 2026-04-09
   listed $200,000 Active 1072-char remark

   Show marketing remark (1072 chars)

   Welcome to this beautifully renovated 4-bedroom, 2 full-bath townhouse in Brooklyn where modern upgrades and effortless living come together seamlessly. This move-in-ready home is packed with major improvements, including brand-new high-end stainless steel appliances, a new HVAC system, new water heater, new windows, and a new roof completed fully to code —offering peace of mind for years to come. Inside, you’ll find stylish and durable new vinyl waterproof flooring throughout all three levels. Step outside to enjoy the freshly stained deck—perfect for relaxing evenings or entertaining friends. The fully fenced backyard adds an extra layer of privacy and space for outdoor enjoyment. With all major systems and finishes thoughtfully updated, this low-maintenance, high-value home is ideal for both homeowners and investors. Conveniently located just minutes from I-295, I-95, I-895, and Route 1, and close to major shopping centers and restaurants, this turnkey property truly checks every box. Don’t miss your opportunity to make it yours!

10. 2026-03-24
    historical $200,000 1072-char remark

    Show marketing remark (1072 chars)

    Welcome to this beautifully renovated 4-bedroom, 2 full-bath townhouse in Brooklyn where modern upgrades and effortless living come together seamlessly. This move-in-ready home is packed with major improvements, including brand-new high-end stainless steel appliances, a new HVAC system, new water heater, new windows, and a new roof completed fully to code —offering peace of mind for years to come. Inside, you’ll find stylish and durable new vinyl waterproof flooring throughout all three levels. Step outside to enjoy the freshly stained deck—perfect for relaxing evenings or entertaining friends. The fully fenced backyard adds an extra layer of privacy and space for outdoor enjoyment. With all major systems and finishes thoughtfully updated, this low-maintenance, high-value home is ideal for both homeowners and investors. Conveniently located just minutes from I-295, I-95, I-895, and Route 1, and close to major shopping centers and restaurants, this turnkey property truly checks every box. Don’t miss your opportunity to make it yours!

11. 2025-11-13
    soldstatus $6,000
12. 2006-04-28
    soldstatus $72,800
13. 1996-06-04
    soldstatus $27,400
14. 1996-05-20
    historical
15. 1996-01-31
    listed $30,400
16. 1990-12-13
    soldstatus $63,900
17. 1988-09-20
    soldstatus $40,000

ⓘ 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: $513 · $43/mo
• Projected year-2 tax: $1,319 · $110/mo
• Expected delta: +$806/yr (+$67/mo · 157.2%)

ⓘ 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 · 14 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: $24,412
• − Mortgage interest: −$10,923
• − Property taxes: −$513
• − Insurance: −$975
• − Repairs & maintenance: −$1,953
• − Management: −$1,953
• − Depreciation: −$5,673
• Taxable income: $2,422
• Est. tax owed @ 24.0%: −$581
• After-tax cash flow: $4,945/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

+400.0% since first listed

9 events — show timeline

• 2026-04-09 Listed $200,000 BRIGHT MLS
• 2026-03-24 Coming Soon $200,000 BRIGHT MLS
• 2025-11-13 Sold (Public Records) $6,000 Public Records
• 2006-04-28 Sold (Public Records) $72,800 Public Records
• 1996-06-04 Sold (MLS) $27,400 MRIS
• 1996-05-20 Delisted — MRIS
• 1996-01-31 Listed $30,400 MRIS
• 1990-12-13 Sold (Public Records) $63,900 Public Records
• 1988-09-20 Sold (Public Records) $40,000 Public Records

Property tax history

-7.0%/yr

Latest (2025): $513 · +3.1% YoY. Source: county tax records.