1349 Sargeant St · Baltimore, MD 21223

$52,490

2 bd · 1.0 ba · 888 sqft · Townhouse public records · 13 Days on market

Built 1900 720 sqft lot

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a perfect home for investment property or first home. Spacious rooms Need TLC . Near public transportation and shopping. Sold as-is. Make your appointment today!

Key facts

• Built 1900
• Listed 12 days

Property features AI

Finance

• Other: Finished area above grade per assessor; Unfinished below-grade area

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas hot water; Natural gas heating
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick, stucco and frame construction; Permanent foundation; Above-grade and below-grade structures; Built year per assessor
• Exterior features: No tidal water

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Radiator heating; Electric cooling (other type)
• Interior features: Level entry to main level; One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $52k.

Deal economics

• At list price, monthly cash flow is $812 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $52k).
• Cap rate 24.9% 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 (+7.5%/yr); 425 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 42% of the median local income ($46k/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 $362 of loan paydown is wiped out by about $2k 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 + 7.5% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 33y 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.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price; built in 1900 — 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 $52,490

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 3.07% ✓
• Cap rate: 24.85%
• Cash-on-cash: 66.29%
• DSCR: 3.95
• GRM: 2.7

CMA / ARV

• ARV (on-the-fly): $133,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1133 Sargeant St	0.24mi	2/1.5	912 (+3%)	2mo	$67,500	$74	81
1121 Cleveland St	0.31mi	2/1.0	912 (+3%)	2mo	$109,900	$121	80
864 Carroll St	0.35mi	2/1.5	880 (-1%)	3mo	$89,000	$101	78
1241 W Lombard St	0.44mi	2/1.0	963 (+8%)	3mo	$150,000	$156	63
119 S Carrollton Ave	0.41mi	2/1.5	800 (-10%)	4mo	$83,000	$104	60
1226 W Pratt St	0.39mi	2/1.5	1,000 (+13%)	2mo	$80,000	$80	58
1239 W Lombard St	0.44mi	2/1.0	1,000 (+13%)	3mo	$150,000	$150	56
1607 Lemmon St	0.50mi	1/1.0 (-1)	974 (+10%)	1mo	$20,000	$21	55
649 Dover St	0.72mi	1/1.5 (-1)	936 (+5%)	3mo	$195,000	$208	48
640 Dover St	0.74mi	3/2.0 (+1)	936 (+5%)	2mo	$220,000	$235	46
703 Dover St	0.68mi	2/2.0	1,008 (+14%)	1mo	$225,000	$223	41
802 W Barre St	0.58mi	3/3.0 (+1)	990 (+12%)	3mo	$285,000	$288	38

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 71.1%
• Equity multiple: 4.47×
• Total profit: $50,931
• Equity at exit: $7,826

10-year hold

• IRR: 76.5%
• Equity multiple: 10.91×
• Total profit: $145,711
• Equity at exit: $4,538

Cash invested: $14,697 (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 21223

• Rents YoY: 7.5%
• Active inventory: 425
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,611 high
• Mortgage (P&I): −$275
• Tax from tax record: −$164 /mo · $1,968/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $812

Break-even live

Break-even rent $584

Max offer price $52,490

Occupancy floor 45%

Sensitivity live

Price	-10% $842	-5% $827	+0% $812	+5% $797	+10% $782
Rent	-10% $685	-5% $748	+0% $812	+5% $876	+10% $939
Rate	-1.0pp $838	-0.5pp $825	base $812	+0.5pp $798	+1.0pp $784

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: $13,122
• Closing costs: $1,575
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	0.12mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	44d	1	0.18mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	13d	1	0.22mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	25d	1	0.23mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	3d	1	0.26mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	25d	1	0.26mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	23d	1	0.32mi
853 Reinhart St Baltimore, MD	2.0	2.5	780	$1,800	$2.31	44d	1	0.38mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	44d	1	0.40mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	25d	1	0.43mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	5d	1	0.43mi
805 Washington Blvd Unit A Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	44d	1	0.47mi
805 Washington Blvd Unit B Baltimore, MD	2.0	2.0	1106	$1,650	$1.49	21d	1	0.47mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	25d	1	0.48mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.48mi
519 Scott St Unit 1 Baltimore, MD	2.0	2.0	800	$2,000	$2.50	44d	1	0.49mi
776 Washington Blvd Unit 3F Baltimore, MD	1.0	1.0	800	$1,000	$1.25	44d	1	0.51mi
48 S Carrollton Ave Unit 4 Baltimore, MD	2.0	1.0	670	$1,600	$2.39	44d	1	0.51mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.51mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	5d	1	0.51mi
1712 W Lombard St #4 Baltimore, MD	1.0	1.0	550	$900	$1.64	44d	1	0.59mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	13d	1	0.60mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	5d	1	0.63mi
28 N Norris St Baltimore, MD	1.0	2.0	700	$1,450	$2.07	44d	1	0.66mi
638 S Paca St Unit 2404866494 Baltimore, MD	3.0	1.5	1100	$2,200	$2.00	44d	1	0.67mi
121 S Fremont Ave Baltimore, MD	1.0	1.0	582	$2,100	$3.61	21d	5	0.69mi
725 W Pratt St Baltimore, MD	1.0	1.0	584	$1,925	$3.29	11d	9	0.69mi
657 Dover St Baltimore, MD	1.0	2.0	1080	$1,400	$1.30	13d	1	0.72mi
653 Dover St Baltimore, MD	1.0	1.5	936	$1,500	$1.60	21d	1	0.73mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$2,481	$2.39	3d	12	0.73mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,375	$1.60	44d	1	0.81mi
519 W Pratt St Baltimore, MD	1.0	1.0	576	$1,400	$2.43	3d	2	0.85mi
410 W Lombard St Baltimore, MD	1.0	1.0	611	$1,995	$3.26	2d	4	0.97mi
617 W Lexington St Baltimore, MD	1.0–2.0	1.0	975	$2,200	$2.26	11d	4	1.01mi
301 W Lombard St Baltimore, MD	1.0	1.0–2.0	499	$1,775	$3.56	3d	30	1.02mi
11 S Eutaw St Baltimore, MD	1.0–2.0	1.0–2.0	1023	$2,146	$2.10	3d	11	1.06mi
1 S Eutaw St Unit 1BR Baltimore, MD	1.0	1.0	600	$1,245	$2.08	15d	1	1.07mi
300 W Lombard St Baltimore, MD	2.0	1.0–2.0	686	$1,835	$2.67	3d	7	1.07mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	25d	1	1.09mi
123 W Barre St #112 Baltimore, MD	2.0	1.5	975	$2,200	$2.26	44d	1	1.09mi

Listing history 9 events

1. 2026-06-21
   days on market $52,490 Active 13 DOM
2. 2026-06-18
   days on market $52,490 Active 10 DOM
3. 2026-06-17
   days on market $52,490 Active 9 DOM
4. 2026-06-16
   days on market $52,490 Active 8 DOM
5. 2026-06-15
   price $52,490 Active 7 DOM
6. 2026-06-15
   days on market $54,990 Active 7 DOM
7. 2026-06-13
   days on market $54,990 Active 5 DOM
8. 2026-06-08
   remarks 248-char remark
9. 2026-06-08
   listed $54,990 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: $1,968 · $164/mo
• Projected year-2 tax: $1,968 · $164/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 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,337
• − Mortgage interest: −$2,940
• − Property taxes: −$1,968
• − Insurance: −$262
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$1,527
• Taxable income: $9,545
• Est. tax owed @ 24.0%: −$2,291
• After-tax cash flow: $7,451/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

+135.5% since first listed

12 events — show timeline

• 2026-06-08 Listed $54,990 BRIGHT MLS
• 2022-02-08 Sold (Public Records) $56,000 Public Records
• 2021-10-18 Sold (MLS) $56,000 BRIGHT MLS
• 2021-09-10 Pending — BRIGHT MLS
• 2021-08-29 Listed $49,900 BRIGHT MLS
• 2001-11-29 Sold (Public Records) $18,000 Public Records
• 1996-02-01 Sold (Public Records) $20,000 Public Records
• 1995-12-16 Sold (MLS) $20,000 MRIS
• 1995-11-17 Delisted — MRIS
• 1995-04-29 Listed $23,349 MRIS
• 1994-11-14 Delisted — MRIS
• 1993-11-14 Listed — MRIS

Property tax history

+2.4%/yr

Latest (2025): $1,968 · +0.0% YoY. Source: county tax records.