3426 Round Rd · Baltimore, MD 21225

$150,000

3 bd · 3.5 ba · 1,485 sqft · Townhouse public records · 4 Days on market

Built 1995 1,525 sqft lot Est $198k · 24% 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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +7.2/10.0
• 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

Calling all savvy investors! Don't miss this rare chance to snag a solid home in Baltimore at an incredible value. Just minutes from I95, this brick-front townhome is a prime addition to any rental portfolio. Built in 1995, this 1,620 Sq Ft home resides in a well established neighborhood and features 3 spacious bedrooms and 3 full bathrooms—a rare find at this price point that guarantees high tenant demand. The heavy lifting is already done. Enjoy peace of mind with a newer HVAC, and a recently replaced water heater. While this home requires a clean-out and cosmetic updates, its "good bones" and the partially finished basement with a full bath provides a solid foundation f

Key facts

• Full bath
• Newer hvac
• Brick front townhome

Tags

• BRICK FRONT TOWNHOME
• NEWER HVAC
• RECENTLY REPLACED WATER HEATER
• PARTIALLY FINISHED BASEMENT
• FULL BATH

🏷️ Possibly a rental listed for sale. The $150,000 price doesn't fit this home's estimated sale value (~$197,505) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $354 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• 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: 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: Arundel Elementary (427 students, 81% FRL); Baltimore City College (math 50% / reading 79%, grade B-, #55 of 222 statewide, top 26%, 1,497 students, 46% FRL) — zoned schools average 63% FRL vs 79% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 64% at this address vs 12% district-wide (+53 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 (+4.1%/yr); 165 active listings in the ZIP; 25 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).
• 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 $1k 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 $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 11y 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 $124k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $150,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.22% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.12%
• DSCR: 1.45
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $197,505
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3426 Round Rd	0.00mi	3/3.0	1,485 (0%)	0mo	$145,000	$98	98
248 W Edgevale Rd	0.64mi	3/2.5	1,600 (+8%)	11mo	$274,000	$171	44
614 Cheraton Rd	0.60mi	4/2.0 (+1)	1,536 (+3%)	15mo	$205,000	$133	43
625 Cheraton Rd	0.56mi	4/2.0 (+1)	1,536 (+3%)	18mo	$202,000	$132	42
2821 Round Rd	0.31mi	2/2.5 (-1)	1,324 (-11%)	24mo	$175,000	$132	39
313 Cherry Hill Rd	0.59mi	2/1.0 (-1)	1,344 (-10%)	9mo	$135,000	$100	34
227 W Meadow Rd	0.67mi	3/1.5	1,635 (+10%)	13mo	$229,000	$140	33
3049 Ascension St	0.50mi	2/2.0 (-1)	1,262 (-15%)	15mo	$180,000	$143	28
202 W Edgevale Rd	0.72mi	4/2.0 (+1)	1,320 (-11%)	24mo	$245,000	$186	17

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: 0.2%
• Equity multiple: 1.01×
• Total profit: $329
• Equity at exit: $22,365

10-year hold

• IRR: 11.0%
• Equity multiple: 1.91×
• Total profit: $38,021
• Equity at exit: $12,969

Cash invested: $42,000 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,830 high
• Mortgage (P&I): −$787
• Tax from tax record: −$242 /mo · $2,909/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $354

Break-even live

Break-even rent $1,382

Max offer price $150,000

Occupancy floor 76%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3010 Alabama Ave Halethorpe, MD	2.0	1.0	900	$2,200	$2.44	17d	1	0.58mi
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	14d	1	0.60mi
607 Cheraton Rd Brooklyn, MD	3.0	3.0	1200	$1,750	$1.46	14d	1	0.60mi
130 Reedbird Ave Brooklyn, MD	2.0	1.0	1152	$1,700	$1.48	23d	1	0.63mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	23d	1	0.66mi
202 W Edgevale Rd Unit A Baltimore, MD	3.0	1.0	1824	$1,650	$0.90	4d	1	0.69mi
49 Talbott St Brooklyn, MD	2.0	1.0	1300	$1,300	$1.00	23d	1	0.73mi
303 Arden Rd W Brooklyn, MD	3.0	2.0	1388	$2,500	$1.80	17d	1	0.77mi
732 Old Riverside Rd Brooklyn, MD	3.0	2.5	1570	$1,900	$1.21	43d	1	0.79mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	17d	1	1.04mi
3544 4th St Brooklyn, MD	4.0	2.5	1800	$1,940	$1.08	23d	1	1.06mi
3569 4th St Brooklyn, MD	2.0	1.5	1256	$1,200	$0.96	17d	1	1.08mi
4400 4th St Unit BASEMENT Baltimore, MD	2.0	1.0	925	$1,350	$1.46	43d	1	1.22mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	23d	1	1.22mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	20d	1	1.22mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	4d	1	1.22mi
3528 6th St Brooklyn, MD	2.0	2.5	1060	$1,500	$1.42	17d	1	1.24mi
3822 6th St Brooklyn, MD	3.0	3.0	1580	$1,850	$1.17	23d	1	1.25mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	43d	1	1.34mi
4206 Audrey Ave Brooklyn, MD	3.0	3.0	1104	$1,950	$1.77	23d	1	1.36mi
4206 Audrey Ave Brooklyn, MD	2.0	2.0	1104	$1,275	$1.15	43d	1	1.36mi
4201 Audrey Ave Unit 1 Brooklyn, MD	2.0	1.0	1400	$1,350	$0.96	23d	1	1.38mi
3840 8th St Brooklyn, MD	3.0	1.5	1088	$1,606	$1.48	4d	1	1.41mi
117 E Cromwell St Unit A Baltimore, MD	3.0	2.5	1603	$3,750	$2.34	43d	1	1.41mi
2500 Insulator Dr Baltimore, MD	3.0	1.0–2.0	988	$4,786	$4.84	2d	152	1.43mi

Listing history 23 events

1. 2026-04-20
   status Pending
2. 2026-04-16
   listed $150,000 Active
3. 2026-03-12
   historical
4. 2026-02-25
   listed $169,000 Active
5. 2019-10-01
   soldstatus $123,560
6. 2019-08-26
   soldstatus $123,560 Closed
7. 2019-07-17
   status Pending
8. 2019-02-28
   status Active
9. 2019-02-21
   historical Active Under Contract
10. 2019-02-16
    listed $119,900 Active
11. 2016-07-01
    historical Expired
12. 2016-07-01
    historical
13. 2016-06-18
    price
14. 2016-06-14
    price
15. 2016-06-04
    price
16. 2016-03-18
    price
17. 2016-02-25
    price
18. 2016-01-26
    price
19. 2016-01-06
    price
20. 2015-12-14
    price
21. 2015-10-25
    listed Active
22. 2015-10-25
    listed $89,900
23. 1995-04-04
    soldstatus $54,550

ⓘ 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: $2,909 · $242/mo
• Projected year-2 tax: $2,909 · $242/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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,961
• − Mortgage interest: −$8,402
• − Property taxes: −$2,909
• − Insurance: −$750
• − Repairs & maintenance: −$1,757
• − Management: −$1,757
• − Depreciation: −$4,364
• Taxable income: $2,023
• Est. tax owed @ 24.0%: −$485
• After-tax cash flow: $3,766/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

+175.0% since first listed

23 events — show timeline

• 2026-04-20 Pending — BRIGHT MLS
• 2026-04-16 Listed $150,000 BRIGHT MLS
• 2026-03-12 Listing Removed — BRIGHT MLS
• 2026-02-25 Listed $169,000 BRIGHT MLS
• 2019-10-01 Sold (Public Records) $123,560 Public Records
• 2019-08-26 Sold (MLS) $123,560 BRIGHT MLS
• 2019-07-17 Pending — BRIGHT MLS
• 2019-02-28 Relisted — BRIGHT MLS
• 2019-02-21 Contingent — BRIGHT MLS
• 2019-02-16 Listed $119,900 BRIGHT MLS
• 2016-07-01 Listing Removed — BRIGHT MLS
• 2016-07-01 Delisted — MRIS
• 2016-06-18 Price Changed — MRIS
• 2016-06-14 Price Changed — MRIS
• 2016-06-04 Price Changed — MRIS
• 2016-03-18 Price Changed — MRIS
• 2016-02-25 Price Changed — MRIS
• 2016-01-26 Price Changed — MRIS
• 2016-01-06 Price Changed — MRIS
• 2015-12-14 Price Changed — MRIS
• 2015-10-25 Listed — MRIS
• 2015-10-25 Listed $89,900 BRIGHT MLS
• 1995-04-04 Sold (Public Records) $54,550 Public Records

Property tax history

+1.2%/yr

Latest (2025): $2,909 · -4.7% YoY. Source: county tax records.