1224 Brentwood Ave · Baltimore, MD 21202

$209,000

3 bd · 3.0 ba · 2,500 sqft · Townhouse · 1 Days on market

Built 1940 1,628 sqft lot Est $375k · 44% 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 +29.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

* * Newly Renovated 3-Bedroom, 3-Bath Corner Home in Johnston Square * * New HVAC unit just installed. Welcome to your beautifully renovated home, offering modern updates while retaining charm and comfort near one of Baltimore’s most promising neighborhoods. This * * 3-bedroom, 3-bath residence * * has been thoughtfully refreshed and is move-in ready. Step inside and immediately notice the abundance of * * natural light streaming through several corner windows * * , highlighting the open feel of the living spaces. The * * spacious master bedroom * * boasts its own * * private balcony * * , perfect for your morning coffee or evening unwind. Every bedroom and bath has

Key facts

• Heated floor vents
• Shed in the backyard
• Private balcony

Tags

• NEW HVAC UNIT
• NATURAL LIGHT
• PRIVATE BALCONY
• HEATED FLOOR VENTS
• SHED IN THE BACKYARD
• STREET PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $209k.

Deal economics

• At list price, monthly cash flow is $758 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $209k).
• Cap rate 10.6% 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 flat; 135 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,568/mo this rent would consume 52% of the median local household income ($59k/yr) (locally 1863% 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 + 0.6% rent growth), your $59k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 12y 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 $160k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $209,000

Questions for the listing agent

1. Built in 1940 — 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. 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.
6. 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.
7. 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: 1.23% ✓
• Cap rate: 10.64%
• Cash-on-cash: 15.54%
• DSCR: 1.69
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $375,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1224 Brentwood Ave	0.00mi	3/3.0	2,500 (0%)	1mo	$214,300	$86	99
420 E Biddle St	0.06mi	3/2.0	2,252 (-10%)	1mo	$419,000	$186	76
404 E Lanvale St	0.32mi	3/2.5	2,336 (-7%)	6mo	$320,000	$137	67
862 Tyson St	0.63mi	3/2.5	2,493 (-0%)	4mo	$633,500	$254	65
700 Washington Pl Unit 4B	0.58mi	3/2.0	2,307 (-8%)	1mo	$530,000	$230	56
1427 E Eager St	0.62mi	3/3.5	2,604 (+4%)	8mo	$213,000	$82	56
1438 N Bond St	0.69mi	3/2.5	2,363 (-6%)	2mo	$270,000	$114	55
1324 Aisquith St	0.38mi	4/4.5 (+1)	2,288 (-8%)	7mo	$339,900	$149	52
1203 Bolton St	0.73mi	4/3.5 (+1)	2,437 (-2%)	7mo	$500,000	$205	49
2005 Kennedy Ave	0.66mi	3/2.0	2,314 (-7%)	6mo	$175,000	$76	47
709 E 21st St	0.61mi	3/3.5	2,200 (-12%)	9mo	$330,000	$150	42
130 W Lanvale St	0.70mi	4/2.5 (+1)	2,692 (+8%)	8mo	$475,000	$176	41

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 · 0.59% rent growth · sell at horizon

5-year hold

• IRR: 3.7%
• Equity multiple: 1.14×
• Total profit: $8,238
• Equity at exit: $31,163

10-year hold

• IRR: 11.0%
• Equity multiple: 1.77×
• Total profit: $45,255
• Equity at exit: $18,071

Cash invested: $58,520 (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 21202

• Home prices YoY: -8.0%
• Rents YoY: 0.6%
• Active inventory: 135
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,568 high
• Mortgage (P&I): −$1,096
• Tax from tax record: −$88 /mo · $1,057/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $758

Break-even live

Break-even rent $1,609

Max offer price $209,000

Occupancy floor 66%

Sensitivity live

Price	-10% $876	-5% $817	+0% $758	+5% $698	+10% $639
Rent	-10% $555	-5% $656	+0% $758	+5% $859	+10% $961
Rate	-1.0pp $863	-0.5pp $811	base $758	+0.5pp $703	+1.0pp $648

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1032 Valley St Baltimore, MD	4.0	2.0	1900	$2,150	$1.13	5d	1	0.28mi
1643 Guilford Ave Baltimore, MD	3.0	3.5	2273	$3,200	$1.41	44d	1	0.31mi
32 E Preston St Unit B Baltimore, MD	3.0	3.0	2500	$2,890	$1.16	44d	1	0.32mi
411 E Lafayette Ave Baltimore, MD	3.0	2.5	2450	$2,900	$1.18	24d	1	0.34mi
10 E Chase St Baltimore, MD	4.0	2.5	2626	$3,499	$1.33	44d	1	0.37mi
1801 Guilford Ave Baltimore, MD	3.0	3.5	1921	$2,595	$1.35	24d	3	0.39mi
1214 N Charles St Baltimore, MD	2.0	1.0–2.0	1103	$2,333	$2.11	2d	14	0.40mi
1807 Guilford Ave Unit G-1807 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.40mi
1809 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.40mi
1813 Guilford Ave Unit G-1813 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.41mi
1823 Guilford Ave Unit G-1823 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.42mi
1827 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	24d	1	0.42mi
1824 Saint Paul St Unit 3 Baltimore, MD	2.0	1.0	2397	$1,275	$0.53	44d	1	0.50mi
1020 Park Ave Baltimore, MD	2.0	2.0–2.5	2004	$3,712	$1.85	4d	11	0.58mi
624 Stirling St Baltimore, MD	4.0	3.0	1812	$2,450	$1.35	44d	1	0.59mi
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	24d	1	0.68mi
1607 E Biddle St Baltimore, MD	4.0	3.5	2160	$2,400	$1.11	24d	1	0.71mi
1511 E Lafayette Ave Baltimore, MD	4.0	3.5	1988	$2,650	$1.33	5d	1	0.72mi
324 E 23rd St Baltimore, MD	3.0	1.5	2018	$2,200	$1.09	24d	1	0.75mi
2227 Saint Paul St Unit 2 Baltimore, MD	2.0	2.0	3428	$1,200	$0.35	44d	1	0.76mi
1532 N Broadway Baltimore, MD	3.0	4.0	2696	$2,700	$1.00	4d	1	0.77mi
147 W Lafayette Ave Baltimore, MD	4.0	2.5	2400	$3,250	$1.35	44d	1	0.79mi
7 W Mulberry St Unit 05 Baltimore, MD	3.0	2.0	1940	$1,750	$0.90	24d	1	0.85mi
1716 Lantern Mews Baltimore, MD	4.0	5.0	2016	$2,700	$1.34	44d	1	0.86mi
1427 Bolton St Unit 2 Baltimore, MD	2.0	2.0	1802	$3,600	$2.00	5d	1	0.90mi
312 E 25th St Baltimore, MD	4.0	3.5	1960	$2,800	$1.43	44d	1	0.93mi
19 E Fayette St Baltimore, MD	1.0–2.0	1.0–1.5	1342	$1,825	$1.36	13d	5	1.06mi
19 E Fayette St Apt 502 Baltimore, MD	2.0	1.5	2063	$1,895	$0.92	4d	1	1.06mi
19 E Fayette St Apt 501 Baltimore, MD	2.0	1.5	2063	$1,795	$0.87	4d	1	1.06mi
300 W Fayette St Baltimore, MD	3.0	1.0–3.0	1267	$2,250	$1.78	4d	9	1.15mi
1702 Eutaw Pl Baltimore, MD	2.0	2.0	2000	$1,550	$0.78	18d	1	1.16mi
736 Watts St Baltimore, MD	3.0	3.5	2000	$3,250	$1.62	44d	1	1.17mi
8 N Howard St Baltimore, MD	2.0	1.0–2.0	1433	$3,600	$2.51	2d	36	1.20mi
1614 McCulloh St #1 Baltimore, MD	3.0	3.0	2885	$2,400	$0.83	44d	1	1.20mi
1628 McCulloh St Unit 2 Baltimore, MD	4.0	2.5	2000	$2,000	$1.00	5d	1	1.22mi
549 Mosher St Baltimore, MD	3.0	1.0	2200	$1,350	$0.61	44d	1	1.24mi
424 Ilchester Ave Baltimore, MD	3.0	3.0	1976	$1,800	$0.91	15d	1	1.24mi
1725 Druid Hill Ave Baltimore, MD	4.0	3.0	2195	$2,100	$0.96	24d	1	1.28mi
2040 Orleans St Baltimore, MD	4.0	1.5	1974	$2,100	$1.06	15d	1	1.30mi
2302 Mount Royal Ter Baltimore, MD	4.0	3.5	2351	$3,000	$1.28	24d	1	1.31mi

Listing history 29 events

1. 2026-04-02
   status Pending
2. 2026-04-01
   listed $209,000 Active
3. 2026-03-26
   status Active
4. 2026-03-26
   historical
5. 2026-01-29
   status Pending
6. 2025-12-20
   price $209,000
7. 2025-12-12
   price $214,900
8. 2025-11-29
   price $215,900
9. 2025-11-09
   price $219,000
10. 2025-11-04
    price $220,000
11. 2025-10-13
    price $225,000
12. 2025-09-27
    listed $235,000 Active
13. 2025-09-20
    price $235,000
14. 2025-09-20
    historical
15. 2025-04-21
    soldstatus $160,000
16. 2023-06-17
    historical
17. 2023-06-16
    soldstatus $160,000 Closed
18. 2023-05-31
    status Pending
19. 2023-05-30
    listed $160,000 Active
20. 2022-06-30
    soldstatus $40,000 Closed
21. 2022-06-07
    status Pending
22. 2022-05-26
    listed $59,900 Active
23. 2015-05-01
    historical
24. 2015-05-01
    soldstatus $50,600 Sold
25. 2015-05-01
    soldstatus $50,600
26. 2015-02-11
    status Contract
27. 2015-02-11
    historical
28. 2014-12-29
    listed $20,000 Active
29. 2014-12-29
    listed $20,000

ⓘ 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: $1,057 · $88/mo
• Projected year-2 tax: $1,668 · $139/mo
• Expected delta: +$611/yr (+$51/mo · 57.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $30,817
• − Mortgage interest: −$11,707
• − Property taxes: −$1,057
• − Insurance: −$1,045
• − Repairs & maintenance: −$2,465
• − Management: −$2,465
• − Depreciation: −$6,080
• Taxable income: $5,997
• Est. tax owed @ 24.0%: −$1,439
• After-tax cash flow: $7,652/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): 20,683
• Household income: $59,377
• Rent vs Own: 78.6% rent · 21.4% own
• Severe rent burden: 1863.0

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 0.63)
• Race & ethnicity: Black 52% White 31% Hispanic / Latino 7% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 12% · Canada, South Korea, China
• Languages at home: 87% English-only · Spanish 4% Other Indo-European 2% Arabic 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: ▼ -25.44%
• Current HPI: 291.3702
• Rent YoY: ▲ 0.59%
• 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

+945.0% since first listed

29 events — show timeline

• 2026-04-02 Pending — BRIGHT MLS
• 2026-04-01 Listed $209,000 BRIGHT MLS
• 2026-03-26 Relisted — BRIGHT MLS
• 2026-03-26 Listing Removed — BRIGHT MLS
• 2026-01-29 Pending — BRIGHT MLS
• 2025-12-20 Price Changed $209,000 BRIGHT MLS
• 2025-12-12 Price Changed $214,900 BRIGHT MLS
• 2025-11-29 Price Changed $215,900 BRIGHT MLS
• 2025-11-09 Price Changed $219,000 BRIGHT MLS
• 2025-11-04 Price Changed $220,000 BRIGHT MLS
• 2025-10-13 Price Changed $225,000 BRIGHT MLS
• 2025-09-27 Listed $235,000 BRIGHT MLS
• 2025-09-20 Price Changed $235,000 BRIGHT MLS
• 2025-09-20 Coming Soon — BRIGHT MLS
• 2025-04-21 Sold (Public Records) $160,000 Public Records
• 2023-06-17 Listing Removed — BRIGHT MLS
• 2023-06-16 Sold (MLS) $160,000 BRIGHT MLS
• 2023-05-31 Pending — BRIGHT MLS
• 2023-05-30 Listed $160,000 BRIGHT MLS
• 2022-06-30 Sold (MLS) $40,000 BRIGHT MLS
• 2022-06-07 Pending — BRIGHT MLS
• 2022-05-26 Listed $59,900 BRIGHT MLS
• 2015-05-01 Delisted — MRIS
• 2015-05-01 Sold (MLS) $50,600 BRIGHT MLS
• 2015-05-01 Sold (MLS) $50,600 MRIS
• 2015-02-11 Pending — MRIS
• 2015-02-11 Listing Removed — BRIGHT MLS
• 2014-12-29 Listed $20,000 MRIS
• 2014-12-29 Listed $20,000 BRIGHT MLS

Property tax history

+25.0%/yr

Latest (2025): $1,057 · +0.0% YoY. Source: county tax records.