336 S Stricker St · Baltimore, MD 21223

$39,900

3 bd · 2.5 ba · 1,400 sqft · Townhouse · 61 Days on market

Built 1913 1,036 sqft lot $28/sqft · 64% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

“4-Level Rowhome with Rooftop Access – Full Renovation Needed” Investor opportunity in a rapidly appreciating, redevelopment-driven neighborhood. This 3-bedroom, 2.5-bath interior rowhome offers four levels of living space and strong value-add potential for experienced investors. Property features include hardwood floors throughout, interior access to a rooftop area, and an unfinished basement suitable for storage or future build-out. Previously renovated, the home now requires a full rehabilitation due to significant interior damage. Surrounded by active rehabs and rising property values, this is an ideal project for a fix-and-flip or long-term buy-and-hold strategy. Sold strictly as-is. Cash or renovation financing recommended. Proof of funds required with all offers.

Key facts

• Rooftop access
• Unfinished basement
• Hardwood floors

Tags

• ROOFTOP ACCESS
• HARDWOOD FLOORS
• UNFINISHED BASEMENT
• INTERIOR ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $40k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.
• Cap rate 38.9% 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); 422 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $1,769/mo this rent would consume 46% of the median local household income ($46k/yr) (locally 1755% 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 $276 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 25y 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 $30k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1913 — 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 $37,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 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 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 4.43% ✓
• Cap rate: 38.94%
• Cash-on-cash: 116.58%
• DSCR: 6.19
• GRM: 1.9

CMA / ARV

• ARV (median comp): $112,270
• List price: $39,900
• Delta: -64.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1241 James St	0.31mi	3/2.0	1,412 (+1%)	1mo	$225,000	$159	81
1109 S Carey St	0.31mi	3/2.0	1,478 (+6%)	2mo	$219,900	$149	73
1933 W Pratt St	0.38mi	4/— (+1)	1,365 (-2%)	2mo	$30,000	$22	72
916 S Carey St	0.24mi	3/1.5	1,288 (-8%)	1mo	$100,000	$78	70
1236 Sargeant St	0.33mi	2/2.0 (-1)	1,350 (-4%)	2mo	$205,000	$152	70
835 W Cross St	0.65mi	3/2.5	1,380 (-1%)	1mo	$243,600	$177	66
1110 W Lombard St	0.36mi	3/2.5	1,206 (-14%)	1mo	$180,000	$149	60
817 W Cross St	0.68mi	3/3.5	1,320 (-6%)	0mo	$260,000	$197	54
2216 W Fayette St	0.72mi	3/1.5	1,326 (-5%)	1mo	$77,000	$58	52
121 Parkin St	0.59mi	3/2.0	1,208 (-14%)	0mo	$175,000	$145	47
835 1/2 W Lombard St	0.66mi	3/1.0	1,242 (-11%)	2mo	$255,000	$205	43
509 Otterbein St	0.69mi	2/2.0 (-1)	1,215 (-13%)	2mo	$232,500	$191	37

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: —
• Equity multiple: 7.36×
• Total profit: $71,104
• Equity at exit: $5,949

10-year hold

• IRR: —
• Equity multiple: 17.91×
• Total profit: $188,930
• Equity at exit: $3,450

Cash invested: $11,172 (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: 422
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,769 high
• Mortgage (P&I): −$209
• Tax from tax record: −$86 /mo · $1,033/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $1,085

Break-even live

Break-even rent $395

Max offer price $39,900

Occupancy floor 34%

Sensitivity live

Price	-10% $1,108	-5% $1,097	+0% $1,085	+5% $1,074	+10% $1,063
Rent	-10% $946	-5% $1,016	+0% $1,085	+5% $1,155	+10% $1,225
Rate	-1.0pp $1,105	-0.5pp $1,096	base $1,085	+0.5pp $1,075	+1.0pp $1,065

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	22d	1	0.10mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.22mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.22mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.26mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	5d	1	0.26mi
1262 Glyndon Ave Baltimore, MD	2.0	3.0	1258	$1,850	$1.47	24d	1	0.27mi
104 S Carrollton Ave Baltimore, MD	3.0	4.0	1232	$2,400	$1.95	5d	1	0.28mi
1635 Frederick Ave Baltimore, MD	3.0	2.0	1224	$1,850	$1.51	44d	1	0.29mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	5d	1	0.30mi
1303 James St Baltimore, MD	2.0	1.5	1160	$1,350	$1.16	24d	1	0.31mi
1101 S Carey St Baltimore, MD	2.0	2.0	1400	$1,200	$0.86	22d	1	0.32mi
10 S Carey St Baltimore, MD	2.0	1.0	1140	$1,550	$1.36	24d	1	0.32mi
1115 W Lombard St Baltimore, MD	3.0	1.0	1468	$2,100	$1.43	44d	1	0.33mi
1111 W Lombard St Baltimore, MD	3.0	1.0	1200	$1,295	$1.08	5d	1	0.34mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	44d	1	0.34mi
1127 S Carey St Baltimore, MD	3.0	2.5	1340	$1,900	$1.42	5d	1	0.36mi
1253 Sargeant St Baltimore, MD	2.0	1.5	1200	$1,695	$1.41	24d	1	0.36mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	2d	1	0.39mi
1259 Washington Blvd Baltimore, MD	3.0	3.0	1232	$2,999	$2.43	5d	1	0.39mi
1243 Washington Blvd Baltimore, MD	3.0	2.0	1148	$1,950	$1.70	44d	1	0.40mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	24d	1	0.41mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	24d	1	0.41mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	44d	1	0.41mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	13d	1	0.43mi
1125 Washington Blvd Baltimore, MD	4.0	2.5	1200	$2,750	$2.29	18d	1	0.44mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	44d	1	0.45mi
1912 W Baltimore St Unit 2 Baltimore, MD	2.0	1.5	1200	$2,100	$1.75	24d	1	0.46mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	0.46mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,434	$1.67	44d	1	0.46mi
1000 Hollins St Unit 1000 Hollins Baltimore, MD	3.0	2.5	1472	$2,600	$1.77	45d	1	0.47mi
1839 W Fayette St Baltimore, MD	3.0	1.5	1426	$1,675	$1.17	24d	1	0.47mi
1518 1/2 W Lexington St Baltimore, MD	2.0	2.0	1650	$1,200	$0.73	5d	1	0.48mi
913 W Lombard St Baltimore, MD	3.0	1.0	1452	$1,600	$1.10	24d	1	0.49mi
1519 Penrose Ave Baltimore, MD	3.0	2.0	1200	$1,875	$1.56	44d	1	0.50mi
110 S Poppleton St Baltimore, MD	3.0	1.5	1800	$1,900	$1.06	44d	1	0.50mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	5d	1	0.51mi
1226 W Cross St Baltimore, MD	3.0	3.0	1551	$2,250	$1.45	44d	1	0.52mi
1205 Cleveland St Baltimore, MD	2.0	2.0	1232	$1,900	$1.54	44d	1	0.52mi
307 S Smallwood St Baltimore, MD	2.0	2.5	1400	$1,350	$0.96	44d	1	0.54mi
1132 Nanticoke St Baltimore, MD	2.0	2.5	1500	$1,875	$1.25	24d	1	0.57mi

Listing history 46 events

1. 2026-06-18
   days on market $39,900 Active 61 DOM
2. 2026-06-17
   days on market $39,900 Active 60 DOM
3. 2026-06-16
   days on market $39,900 Active 59 DOM
4. 2026-06-15
   days on market $39,900 Active 58 DOM
5. 2026-06-13
   days on market $39,900 Active 56 DOM
6. 2026-06-09
   days on market $39,900 Active 52 DOM
7. 2026-06-08
   days on market $39,900 Active 51 DOM
8. 2026-06-07
   days on market $39,900 Active 50 DOM
9. 2026-06-04
   days on market $39,900 Active 47 DOM
10. 2026-06-03
    days on market $39,900 Active 46 DOM
11. 2026-06-02
    days on market $39,900 Active 45 DOM
12. 2026-06-01
    days on market $39,900 Active 44 DOM
13. 2026-05-31
    days on market $39,900 Active 43 DOM
14. 2026-04-18
    listed $39,900 Active 798-char remark

    Show marketing remark (798 chars)

    “4-Level Rowhome with Rooftop Access – Full Renovation Needed” Investor opportunity in a rapidly appreciating, redevelopment-driven neighborhood. This 3-bedroom, 2.5-bath interior rowhome offers four levels of living space and strong value-add potential for experienced investors. Property features include hardwood floors throughout, interior access to a rooftop area, and an unfinished basement suitable for storage or future build-out. Previously renovated, the home now requires a full rehabilitation due to significant interior damage. Surrounded by active rehabs and rising property values, this is an ideal project for a fix-and-flip or long-term buy-and-hold strategy. Sold strictly as-is. Cash or renovation financing recommended. Proof of funds required with all offers.

15. 2021-04-06
    status Pending
16. 2021-04-06
    historical
17. 2021-04-01
    price $64,000
18. 2021-03-13
    price $72,000
19. 2021-03-08
    status Active
20. 2021-03-03
    status Pending
21. 2021-02-25
    listed $85,000 Active
22. 2020-03-12
    historical
23. 2019-09-26
    price $64,000
24. 2019-08-12
    listed $70,000 Active
25. 2011-08-15
    historical Withdrawn
26. 2010-08-06
    historical Withdrawn
27. 2010-08-06
    historical
28. 2010-06-23
    price
29. 2010-05-05
    price
30. 2010-01-21
    listed Active
31. 2010-01-20
    listed $149,000
32. 2009-10-26
    status Contract
33. 2009-03-04
    historical
34. 2008-09-02
    price
35. 2008-09-02
    listed
36. 2008-07-31
    historical
37. 2008-03-07
    historical
38. 2008-02-04
    price
39. 2008-01-07
    listed
40. 2008-01-07
    listed $174,000
41. 2006-01-28
    soldstatus $30,000
42. 2006-01-08
    historical
43. 2005-12-19
    listed $39,900
44. 2003-08-15
    historical
45. 2001-11-27
    listed
46. 1995-01-18
    soldstatus $11,500

ⓘ 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: $1,033 · $86/mo
• Projected year-2 tax: $1,033 · $86/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 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: $21,226
• − Mortgage interest: −$2,235
• − Property taxes: −$1,033
• − Insurance: −$200
• − Repairs & maintenance: −$1,698
• − Management: −$1,698
• − Depreciation: −$1,161
• Taxable income: $13,201
• Est. tax owed @ 24.0%: −$3,168
• After-tax cash flow: $9,856/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

+247.0% since first listed

33 events — show timeline

• 2026-04-18 Listed $39,900 BRIGHT MLS
• 2021-04-06 Pending — BRIGHT MLS
• 2021-04-06 Listing Removed — BRIGHT MLS
• 2021-04-01 Price Changed $64,000 BRIGHT MLS
• 2021-03-13 Price Changed $72,000 BRIGHT MLS
• 2021-03-08 Relisted — BRIGHT MLS
• 2021-03-03 Pending — BRIGHT MLS
• 2021-02-25 Listed $85,000 BRIGHT MLS
• 2020-03-12 Listing Removed — BRIGHT MLS
• 2019-09-26 Price Changed $64,000 BRIGHT MLS
• 2019-08-12 Listed $70,000 BRIGHT MLS
• 2011-08-15 Delisted — MRIS
• 2010-08-06 Delisted — MRIS
• 2010-08-06 Listing Removed — BRIGHT MLS
• 2010-06-23 Price Changed — MRIS
• 2010-05-05 Price Changed — MRIS
• 2010-01-21 Listed — MRIS
• 2010-01-20 Listed $149,000 BRIGHT MLS
• 2009-10-26 Pending — MRIS
• 2009-03-04 Delisted — MRIS
• 2008-09-02 Price Changed — MRIS
• 2008-09-02 Listed — MRIS
• 2008-07-31 Listing Removed — BRIGHT MLS
• 2008-03-07 Delisted — MRIS
• 2008-02-04 Price Changed — MRIS
• 2008-01-07 Listed — MRIS
• 2008-01-07 Listed $174,000 BRIGHT MLS
• 2006-01-28 Sold (MLS) $30,000 MRIS
• 2006-01-08 Delisted — MRIS
• 2005-12-19 Listed $39,900 MRIS
• 2003-08-15 Delisted — MRIS
• 2001-11-27 Listed — MRIS
• 1995-01-18 Sold (Public Records) $11,500 Public Records

Property tax history

+9.6%/yr

Latest (2025): $1,033 · +2.3% YoY. Source: county tax records.