739 Linnard St · Baltimore, MD 21229

$235,000

4 bd · 2.0 ba · 2,026 sqft · Townhouse public records · 14 Days on market

Built 1923 2,040 sqft lot Est $213k · 10% over

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Why this score? — see what drove the D- 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 +16.5/30.0
• DSCR +5.1/10.0
• 1% rule +4.3/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• ARV discount +2.8/15.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 739 Linnard St!!! This 4 bedroom 2 bath townhome spares no expense. The property was renovated and currently tenant occupied (rented). The moment you walk into the property you will see the attention to details. The main level flows seamlessly into a stylish kitchen featuring soft-close cabinetry, sleek countertops, and stainless steel appliances. Right off the kitchen you can access your private gated-in backyard. Buyers may apply these funds toward closing costs or work with our preferred lender to access a reduced interest rate!!! 739 Linnard St is ready to serve as your investment “ CAPRATE 10.213” or your next home. Reach out to schedule your private tour today!

Key facts

• Stylish kitchen
• Soft-close cabinetry
• Built 1923

Tags

• PRIVATE GATED-IN BACKYARD
• STYLISH KITCHEN
• SOFT-CLOSE CABINETRY
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heating; Electric cooling; 60+ gallon hot water tank
• Home design: Interior townhouse/rowhouse; Above-grade and below-grade finished areas
• Construction: Brick construction; Brick/mortar foundation; Built year recorded by assessor
• Exterior features: Located within city limits; Ground rent paid annually

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Four bedrooms on the first upper level
• Bathrooms: Two full bathrooms (one on the first upper level and one on the first lower level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fully finished basement; Living room, Dining room, Kitchen

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $235k.

Deal economics

• At list price, monthly cash flow is $139 ($2k/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 $219k (7.0% below list).
• Recommended offer: $219k (7.0% 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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Zoned-school proficiency averages 32% at this address vs 12% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.4%/yr); 256 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 44% of the median local income ($60k/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 $2k of loan paydown is wiped out by about $7k 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 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 24y 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 $72k; list at $235k implies a 226% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $218,616 (7.0% below list)

Questions for the listing agent

1. Built in 1923 — 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: 0.93% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.54%
• DSCR: 1.11
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $212,730
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
704 Mount Holly St	0.27mi	4/3.0	2,040 (+1%)	3mo	$230,000	$113	80
3410 W Franklin St	0.23mi	3/3.0 (-1)	2,040 (+1%)	2mo	$213,580	$105	78
513 Normandy Ave	0.40mi	4/2.0	2,160 (+7%)	1mo	$257,000	$119	70
414 Normandy Ave	0.45mi	4/3.5	1,976 (-2%)	1mo	$255,000	$129	68
405 N Loudon Ave	0.48mi	5/2.0 (+1)	1,896 (-6%)	2mo	$175,000	$92	60
635 N Rosedale St	0.36mi	3/3.5 (-1)	1,867 (-8%)	3mo	$230,000	$123	56
3304 Brighton St	0.63mi	3/1.5 (-1)	1,908 (-6%)	2mo	$155,000	$81	52
900 N Franklintown Rd	0.42mi	3/2.0 (-1)	1,764 (-13%)	3mo	$80,000	$45	52
120 Allendale St	0.47mi	3/2.0 (-1)	1,728 (-15%)	2mo	$225,000	$130	47
3118 Normount Ave	0.53mi	3/2.0 (-1)	1,725 (-15%)	1mo	$174,990	$101	45
2738 W Mosher St	0.70mi	3/1.0 (-1)	1,765 (-13%)	1mo	$37,000	$21	36
2732 Riggs Ave	0.73mi	3/1.0 (-1)	1,730 (-15%)	2mo	$135,000	$78	31

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.64×
• Total profit: $-23,832
• Equity at exit: $35,039

10-year hold

• IRR: 2.6%
• Equity multiple: 1.21×
• Total profit: $13,815
• Equity at exit: $20,319

Cash invested: $65,800 (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 21229

• Rents YoY: 5.4%
• Active inventory: 256
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,186 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$257 /mo · $3,089/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $139

Break-even live

Break-even rent $2,010

Max offer price $235,000

Occupancy floor 89%

Sensitivity live

Price	-10% $272	-5% $206	+0% $139	+5% $73	+10% $6
Rent	-10% $-33	-5% $53	+0% $139	+5% $226	+10% $312
Rate	-1.0pp $258	-0.5pp $199	base $139	+0.5pp $79	+1.0pp $17

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3324 Edmondson Ave Baltimore, MD	3.0	2.5	2300	$1,995	$0.87	23d	1	0.14mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	45d	1	0.16mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	45d	1	0.22mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	45d	1	0.24mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,750	$1.95	0d	1	0.27mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	45d	1	0.37mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	25d	1	0.38mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	25d	1	0.43mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	45d	1	0.51mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	45d	1	0.61mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	25d	1	0.66mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	5d	1	0.68mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	25d	1	0.69mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,795	$1.09	0d	1	0.72mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	45d	1	0.73mi
2732 Riggs Ave Baltimore, MD	3.0	1.0	1730	$1,700	$0.98	0d	1	0.73mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	19d	1	0.76mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	25d	1	0.85mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	45d	1	0.90mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	16d	1	1.10mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	25d	1	1.13mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	45d	1	1.16mi
3030 Windsor Ave Baltimore, MD	4.0	1.5	2124	$1,995	$0.94	6d	1	1.18mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	45d	1	1.21mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	4d	1	1.29mi
3904 Gwynns Falls Pkwy Baltimore, MD	3.0	2.0	1772	$2,600	$1.47	45d	1	1.31mi
2405 W North Ave Baltimore, MD	4.0	3.0	1826	$1,900	$1.04	6d	1	1.36mi
2401 W North Ave Baltimore, MD	5.0	2.0	2037	$1,800	$0.88	6d	1	1.36mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	12d	1	1.39mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	25d	1	1.39mi
3414 Alto Rd Unit 2ND Baltimore, MD	3.0	1.0	2824	$2,000	$0.71	25d	1	1.48mi

Listing history 9 events

1. 2026-06-21
   days on market $235,000 Active 14 DOM
2. 2026-06-18
   days on market $235,000 Active 11 DOM
3. 2026-06-17
   days on market $235,000 Active 10 DOM
4. 2026-06-16
   days on market $235,000 Active 9 DOM
5. 2026-06-15
   days on market $235,000 Active 8 DOM
6. 2026-06-13
   days on market $235,000 Active 6 DOM
7. 2026-06-09
   days on market $235,000 Active 2 DOM
8. 2026-06-08
   remarks 686-char remark
9. 2026-06-08
   listed $235,000 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: $3,089 · $257/mo
• Projected year-2 tax: $3,089 · $257/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,234
• − Mortgage interest: −$13,164
• − Property taxes: −$3,089
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,099
• − Management: −$2,099
• − Depreciation: −$6,836
• Taxable loss: −$2,227
• Est. tax savings @ 24.0%: +$535
• After-tax cash flow: $2,207/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+422.2% since first listed

23 events — show timeline

• 2026-06-07 Listed $235,000 BRIGHT MLS
• 2025-12-05 Listing Removed — BRIGHT MLS
• 2025-11-22 Rental Removed $2,000 BRIGHTMLS
• 2025-10-31 Listed for Rent $2,000 BRIGHTMLS
• 2025-08-25 Listed $220,000 BRIGHT MLS
• 2024-04-11 Listing Removed — BRIGHT MLS
• 2024-01-24 Price Changed $220,000 BRIGHT MLS
• 2024-01-24 Relisted — BRIGHT MLS
• 2023-11-28 Listing Removed — BRIGHT MLS
• 2023-11-06 Listed $230,000 BRIGHT MLS
• 2022-10-21 Listing Removed — BRIGHT MLS
• 2022-07-16 Listed $230,000 BRIGHT MLS
• 2022-02-25 Sold (Public Records) $72,000 Public Records
• 2021-09-29 Listing Removed — BRIGHT MLS
• 2021-09-01 Listed $84,500 BRIGHT MLS
• 2005-11-17 Delisted — MRIS
• 2005-11-11 Listed — MRIS
• 2004-09-04 Delisted — MRIS
• 2004-04-26 Listed — MRIS
• 2002-12-06 Sold (Public Records) $44,000 Public Records
• 2002-10-24 Sold (MLS) $44,000 MRIS
• 2002-07-10 Listed $45,000 MRIS
• 2002-07-10 Delisted — MRIS

Property tax history

+3.9%/yr

Latest (2025): $3,089 · +17.8% YoY. Source: county tax records.