1763 Homestead St · Baltimore, MD 21218

$160,000

3 bd · 2.0 ba · 1,605 sqft · Townhouse · 341 Days on market

Built 1940 $100/sqft · 17% below area Est $194k · 17% under ↓ 16% since listing

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Why this score? — see what drove the C+ 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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +6.7/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 3-bedroom, 2-bathroom fully renovated townhome with finished based for sale in up-and-coming neighborhood near Clifton Park Golf Course and Lake Montebello.

Key facts

• Built 1940
• Listed 341 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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 (+1.6%/yr); 325 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); 45% 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).
• This rent runs 36% of the median local income ($62k/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 $5k 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

• It's been on market 341 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 341 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.17% ✓
• Cap rate: 8.16%
• Cash-on-cash: 6.67%
• DSCR: 1.30
• GRM: 7.1

CMA / ARV

• ARV (median comp): $193,860
• List price: $160,000
• Delta: -17.47%
• 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
1812 E 28th St	0.36mi	3/1.5	1,580 (-2%)	5mo	$150,000	$95	74
2533 Kirk Ave	0.35mi	3/1.0	1,600 (-0%)	11mo	$109,900	$69	70
2014 N Wolfe St N	0.42mi	3/2.0	1,701 (+6%)	1mo	$220,000	$129	70
1616 Homestead St	0.15mi	3/1.0	1,770 (+10%)	4mo	$111,000	$63	68
1815 E 32nd St	0.53mi	3/2.0	1,810 (+13%)	1mo	$180,000	$99	53
1623 Rutland Ave	0.69mi	3/3.0	1,700 (+6%)	1mo	$229,900	$135	53
1841 E 30th St	0.45mi	3/1.5	1,400 (-13%)	4mo	$175,000	$125	52
2227 Cecil Ave	0.68mi	3/2.0	1,764 (+10%)	2mo	$195,000	$111	50
2005 Sinclair Ln	0.42mi	3/1.5	1,843 (+15%)	7mo	$175,000	$95	48
1821 N Bond St	0.60mi	3/3.5	1,800 (+12%)	4mo	$245,000	$136	43
1727 Washington St N	0.66mi	3/3.5	1,794 (+12%)	10mo	$278,250	$155	35
916 Gorsuch Ave	0.71mi	3/1.0	1,380 (-14%)	10mo	$91,700	$66	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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.72×
• Total profit: $-12,502
• Equity at exit: $23,857

10-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-191
• Equity at exit: $13,834

Cash invested: $44,800 (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 21218

• Rents YoY: 1.6%
• Active inventory: 325
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,871 high
• Mortgage (P&I): −$839
• Tax from tax record: −$323 /mo · $3,875/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $249

Break-even live

Break-even rent $1,555

Max offer price $160,000

Occupancy floor 82%

Sensitivity live

Price	-10% $340	-5% $294	+0% $249	+5% $204	+10% $159
Rent	-10% $101	-5% $175	+0% $249	+5% $323	+10% $397
Rate	-1.0pp $330	-0.5pp $290	base $249	+0.5pp $208	+1.0pp $165

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2606 Cecil Ave Baltimore, MD	2.0	1.5	1200	$1,500	$1.25	44d	1	0.27mi
1607 Cliftview Ave Baltimore, MD	3.0	1.0	1200	$1,475	$1.23	44d	1	0.29mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1800	$1,995	$1.11	44d	1	0.31mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1900	$1,899	$1.00	5d	1	0.31mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.33mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	0.40mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.42mi
1702 E 32nd St Baltimore, MD	3.0	2.0	1344	$2,300	$1.71	44d	1	0.56mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	0.56mi
1803 N Dallas St Baltimore, MD	2.0	2.5	1250	$2,100	$1.68	24d	1	0.59mi
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	24d	1	0.59mi
3213 The Alameda Baltimore, MD	2.0	1.0	1708	$1,295	$0.76	4d	1	0.59mi
1514 E Lafayette Ave Baltimore, MD	3.0	1.5	1215	$2,000	$1.65	24d	1	0.60mi
1512 E Lafayette Ave Baltimore, MD	3.0	2.5	1476	$1,950	$1.32	44d	1	0.60mi
1511 E Lafayette Ave Baltimore, MD	4.0	3.5	1988	$2,650	$1.33	5d	1	0.62mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	44d	1	0.66mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.66mi
936 Montpelier St Baltimore, MD	2.0	1.0	1260	$1,450	$1.15	24d	1	0.66mi
1629 N Wolfe St Baltimore, MD	3.0	3.0	1561	$1,800	$1.15	24d	1	0.68mi
1829 N Port St Baltimore, MD	3.0	1.5	2000	$1,625	$0.81	44d	1	0.74mi
646 Cokesbury Ave Baltimore, MD	2.0	1.5	1200	$1,299	$1.08	44d	1	0.74mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	3d	1	0.77mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	17d	1	0.77mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	5d	1	0.78mi
3222 Ellerslie Ave Baltimore, MD	4.0	1.5	1550	$1,950	$1.26	44d	1	0.80mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.80mi
534 E 23rd St Baltimore, MD	3.0	2.5	1700	$2,350	$1.38	44d	1	0.81mi
450 E Lorraine Ave Baltimore, MD	3.0	1.0	1344	$1,695	$1.26	44d	1	0.85mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.87mi
428 E Lorraine Ave Baltimore, MD	3.0	2.0	1344	$1,875	$1.40	24d	1	0.88mi
428 E Lorraine Ave Unit 1 Baltimore, MD	3.0	1.5	1344	$1,875	$1.40	44d	1	0.88mi
616 Montpelier St Baltimore, MD	3.0	1.0	1150	$1,750	$1.52	11d	1	0.88mi
1502 Fernley Rd Baltimore, MD	3.0	2.0	1350	$2,800	$2.07	44d	1	0.89mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.89mi
411 E Lorraine Ave Baltimore, MD	3.0	1.5	1344	$2,200	$1.64	24d	1	0.90mi
400 E Lorraine Ave Baltimore, MD	3.0	1.0	1500	$1,800	$1.20	21d	1	0.91mi
424 Ilchester Ave Baltimore, MD	3.0	3.0	1976	$1,800	$0.91	15d	1	0.92mi
402 E 28th St Baltimore, MD	3.0	1.0	1436	$2,200	$1.53	44d	1	0.94mi
2522 E Federal St Baltimore, MD	2.0	2.0	1760	$1,400	$0.80	44d	1	0.94mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.97mi

Listing history 23 events

1. 2026-06-18
   days on market $160,000 Active 341 DOM
2. 2026-06-17
   days on market $160,000 Active 340 DOM
3. 2026-06-16
   days on market $160,000 Active 339 DOM
4. 2026-06-15
   days on market $160,000 Active 338 DOM
5. 2026-06-13
   days on market $160,000 Active 336 DOM
6. 2026-06-09
   days on market $160,000 Active 332 DOM
7. 2026-06-08
   days on market $160,000 Active 331 DOM
8. 2026-06-07
   days on market $160,000 Active 330 DOM
9. 2026-06-04
   days on market $160,000 Active 327 DOM
10. 2026-06-03
    days on market $160,000 Active 326 DOM
11. 2026-06-02
    days on market $160,000 Active 325 DOM
12. 2026-06-01
    days on market $160,000 Active 324 DOM
13. 2026-05-31
    days on market $160,000 Active 323 DOM
14. 2026-02-08
    price $160,000 166-char remark

    Show marketing remark (166 chars)

    Beautiful 3-bedroom, 2-bathroom fully renovated townhome with finished based for sale in up-and-coming neighborhood near Clifton Park Golf Course and Lake Montebello.

15. 2025-12-12
    price $170,000 166-char remark

    Show marketing remark (166 chars)

    Beautiful 3-bedroom, 2-bathroom fully renovated townhome with finished based for sale in up-and-coming neighborhood near Clifton Park Golf Course and Lake Montebello.

16. 2025-07-13
    listed $200,000 Active 166-char remark

    Show marketing remark (166 chars)

    Beautiful 3-bedroom, 2-bathroom fully renovated townhome with finished based for sale in up-and-coming neighborhood near Clifton Park Golf Course and Lake Montebello.

17. 2025-07-10
    historical $200,000 166-char remark

    Show marketing remark (166 chars)

    Beautiful 3-bedroom, 2-bathroom fully renovated townhome with finished based for sale in up-and-coming neighborhood near Clifton Park Golf Course and Lake Montebello.

18. 2022-08-30
    soldstatus $195,000
19. 2022-07-22
    soldstatus $195,000 Closed 528-char remark

    Show marketing remark (528 chars)

    Pending Release the previous buyer backed out. Welcome to 1763 Homestead street! This home has been completely renovated and includes 3 bedrooms 2 full baths and a bonus room that can be used however you choose. Kitchen includes stainless steel appliances with a 5 burner gas stove granite countertops, classic subway tile backsplash, and a nice sized pantry. The basement has been finished and includes a full bathroom and laundry area. New HVAC system and water heater have been installed. Come tour this beautiful home today!

20. 2022-06-20
    historical Active Under Contract 528-char remark

    Show marketing remark (528 chars)

    Pending Release the previous buyer backed out. Welcome to 1763 Homestead street! This home has been completely renovated and includes 3 bedrooms 2 full baths and a bonus room that can be used however you choose. Kitchen includes stainless steel appliances with a 5 burner gas stove granite countertops, classic subway tile backsplash, and a nice sized pantry. The basement has been finished and includes a full bathroom and laundry area. New HVAC system and water heater have been installed. Come tour this beautiful home today!

21. 2022-06-10
    status Active 528-char remark

    Show marketing remark (528 chars)

    Pending Release the previous buyer backed out. Welcome to 1763 Homestead street! This home has been completely renovated and includes 3 bedrooms 2 full baths and a bonus room that can be used however you choose. Kitchen includes stainless steel appliances with a 5 burner gas stove granite countertops, classic subway tile backsplash, and a nice sized pantry. The basement has been finished and includes a full bathroom and laundry area. New HVAC system and water heater have been installed. Come tour this beautiful home today!

22. 2022-06-01
    historical Active Under Contract 528-char remark

    Show marketing remark (528 chars)

    Pending Release the previous buyer backed out. Welcome to 1763 Homestead street! This home has been completely renovated and includes 3 bedrooms 2 full baths and a bonus room that can be used however you choose. Kitchen includes stainless steel appliances with a 5 burner gas stove granite countertops, classic subway tile backsplash, and a nice sized pantry. The basement has been finished and includes a full bathroom and laundry area. New HVAC system and water heater have been installed. Come tour this beautiful home today!

23. 2022-05-27
    listed $190,000 Active 528-char remark

    Show marketing remark (528 chars)

    Pending Release the previous buyer backed out. Welcome to 1763 Homestead street! This home has been completely renovated and includes 3 bedrooms 2 full baths and a bonus room that can be used however you choose. Kitchen includes stainless steel appliances with a 5 burner gas stove granite countertops, classic subway tile backsplash, and a nice sized pantry. The basement has been finished and includes a full bathroom and laundry area. New HVAC system and water heater have been installed. Come tour this beautiful home today!

ⓘ 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: $3,875 · $323/mo
• Projected year-2 tax: $3,875 · $323/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: $22,447
• − Mortgage interest: −$8,962
• − Property taxes: −$3,875
• − Insurance: −$800
• − Repairs & maintenance: −$1,796
• − Management: −$1,796
• − Depreciation: −$4,655
• Taxable income: $563
• Est. tax owed @ 24.0%: −$135
• After-tax cash flow: $2,854/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): 44,014
• Household income: $62,488
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 2564.0

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 0.58)
• Race & ethnicity: Black 60% White 26% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 87% English-only · Spanish 4% French/Haitian/Cajun 2% Chinese 2%

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: ▼ -463.14%
• Current HPI: 292.3986
• Rent YoY: ▲ 1.63%
• 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

-15.8% since first listed

10 events — show timeline

• 2026-02-08 Price Changed $160,000 BRIGHT MLS
• 2025-12-12 Price Changed $170,000 BRIGHT MLS
• 2025-07-13 Listed $200,000 BRIGHT MLS
• 2025-07-10 Coming Soon $200,000 BRIGHT MLS
• 2022-08-30 Sold (Public Records) $195,000 Public Records
• 2022-07-22 Sold (MLS) $195,000 BRIGHT MLS
• 2022-06-20 Contingent — BRIGHT MLS
• 2022-06-10 Relisted — BRIGHT MLS
• 2022-06-01 Contingent — BRIGHT MLS
• 2022-05-27 Listed $190,000 BRIGHT MLS

Property tax history

+13.1%/yr

Latest (2025): $3,875 · +12.5% YoY. Source: county tax records.