332 Marydell Rd · Baltimore, MD 21229

$149,900

3 bd · 1.5 ba · 1,152 sqft · Townhouse public records · 5 Days on market

Built 1927 1,306 sqft lot Est $169k · 11% under

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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 +25.2/30.0
• ARV discount +12.7/15.0
• DSCR +8.3/10.0
• 1% rule +6.8/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Don't miss out on this opportunity! New carpet! New paint! Brand new stainless steel appliances! Large updated kitchen. Lots of natural light shining through. Spacious basement with washer and dryer. Enjoy those warm summer nights on your covered front porch! This home is ready for you to call it yours!

Key facts

• New carpet
• New paint
• Natural light

Tags

• NEW CARPET
• NEW PAINT
• STAINLESS STEEL APPLIANCES
• UPDATED KITCHEN
• NATURAL LIGHT
• SPACIOUS BASEMENT

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Brick construction; Built-Up roof; Fee simple ownership; Year built listed as estimated
• Construction: Brick exterior; Permanent foundation
• Exterior features: Awning(s); Partial fencing; Porch(es)

Interior

• Kitchen: Built-in microwave; Dishwasher; Disposal; Oven/Range - Gas; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Flooring: Carpet; Hardwood
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Carpet and wood floors; Full basement; Porches; Awning(s)
• Laundry & utility: Washer and dryer (laundry in basement)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $338 ($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 9.0% 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 (+5.4%/yr); 252 active listings in the ZIP; 40 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 35% of the median local income ($60k/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 + 5.4% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 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 $36k; list at $150k implies a 316% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $149,900

Questions for the listing agent

1. Built in 1927 — 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: 1.18% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.66%
• DSCR: 1.43
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $169,344
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4413 Parkton St	0.24mi	2/1.5 (-1)	1,120 (-3%)	3mo	$130,000	$116	77
48 Hillvale Rd	0.36mi	3/1.5	1,224 (+6%)	2mo	$180,000	$147	72
377 Marydell Rd	0.09mi	2/1.0 (-1)	1,040 (-10%)	2mo	$145,000	$139	71
708 Woodington Rd S	0.39mi	2/1.5 (-1)	1,120 (-3%)	1mo	$100,000	$89	71
40 Hillvale Rd	0.34mi	3/2.0	1,224 (+6%)	1mo	$230,000	$188	71
5141 Stafford Rd	0.59mi	3/1.5	1,140 (-1%)	0mo	$120,100	$105	71
44 N Athol Ave	0.44mi	3/1.0	1,224 (+6%)	3mo	$121,600	$99	64
5212 Fredcrest Rd	0.68mi	3/1.5	1,120 (-3%)	0mo	$195,000	$174	63
118 Upmanor Rd	0.51mi	3/2.0	1,024 (-11%)	2mo	$235,000	$229	54
642 Queensgate Rd	0.63mi	3/2.0	1,260 (+9%)	0mo	$234,444	$186	53
4865 Melbourne Rd	0.73mi	2/2.0 (-1)	1,232 (+7%)	2mo	$214,000	$174	45
21 Monastery Ave S	0.72mi	2/1.0 (-1)	1,320 (+15%)	3mo	$65,000	$49	33

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 1.0%
• Equity multiple: 1.04×
• Total profit: $1,589
• Equity at exit: $22,351

10-year hold

• IRR: 12.9%
• Equity multiple: 2.14×
• Total profit: $47,896
• Equity at exit: $12,961

Cash invested: $41,972 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,766 high
• Mortgage (P&I): −$786
• Tax from tax record: −$209 /mo · $2,505/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $338

Break-even live

Break-even rent $1,338

Max offer price $149,900

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	43d	1	0.28mi
402 Colleen Rd Baltimore, MD	1.0–2.0	1.0	910	$1,450	$1.59	2d	11	0.29mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	43d	1	0.30mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	24d	1	0.31mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	11d	1	0.33mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	24d	1	0.33mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.34mi
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	16d	1	0.36mi
4601 Pen Lucy Rd Unit 4615-G Baltimore, MD	2.0	1.0	798	$1,200	$1.50	22d	1	0.38mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	3d	5	0.38mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	14d	1	0.38mi
4601 Pen Lucy Rd Unit 4714-B Baltimore, MD	2.0	1.0	730	$1,205	$1.65	14d	1	0.38mi
4601 Pen Lucy Rd Unit 4718-F Baltimore, MD	2.0	1.0	879	$1,225	$1.39	2d	1	0.38mi
4601 Pen Lucy Rd Unit 103-H Baltimore, MD	2.0	1.0	798	$1,315	$1.65	24d	1	0.38mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	24d	1	0.41mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	43d	1	0.44mi
738 Yale Ave Baltimore, MD	2.0	1.0	1346	$1,900	$1.41	24d	1	0.47mi
501 Hazlett Ave Baltimore, MD	2.0–3.0	1.5–2.0	1044	$1,879	$1.80	1d	8	0.48mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	12d	1	0.48mi
565 Brisbane Rd Baltimore, MD	2.0	2.0	1146	$1,675	$1.46	24d	1	0.48mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	43d	1	0.48mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,500	$1.84	3d	2	0.49mi
586 Lucia Ave Baltimore, MD	3.0	1.5	1178	$2,100	$1.78	18d	1	0.50mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	43d	1	0.51mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	24d	1	0.55mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	43d	1	0.57mi
5147 Frederick Ave Baltimore, MD	3.0	2.0	1216	$1,950	$1.60	3d	1	0.59mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	43d	1	0.74mi
131 N Bend Rd Unit 131-1B Baltimore, MD	2.0	1.5	910	$1,225	$1.35	22d	1	0.82mi
5364 Jamestowne Ct Baltimore, MD	3.0	1.0–1.5	787	$1,905	$2.42	4d	13	0.93mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.94mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	24d	1	0.97mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	0.97mi
220 Stonecroft Rd Unit 232-I Baltimore, MD	2.0	1.5	900	$1,295	$1.44	18d	1	0.98mi
220 Stonecroft Rd Unit 230-D Baltimore, MD	2.0	1.5	900	$1,395	$1.55	22d	1	0.98mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	1.00mi
3706 W Franklin St Unit 1 Baltimore, MD	2.0	1.0	735	$1,100	$1.50	4d	1	1.00mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	24d	1	1.01mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	43d	1	1.08mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	1.10mi

Listing history 32 events

1. 2026-05-20
   listed $149,900 Active
2. 2026-03-29
   historical
3. 2025-12-17
   listed $140,000 Active
4. 2012-06-08
   historical Withdrawn
5. 2012-06-08
   historical
6. 2012-05-30
   price
7. 2012-04-24
   price
8. 2012-04-03
   listed Active
9. 2012-04-03
   listed $119,900
10. 2011-07-27
    soldstatus $36,000
11. 2011-07-22
    soldstatus $27,600 Sold
12. 2011-07-22
    soldstatus $27,600
13. 2011-06-22
    status Contingent (No Kick Out)
14. 2011-06-20
    historical
15. 2011-04-26
    price $75,000
16. 2011-02-24
    price $100,000
17. 2010-11-22
    listed $125,000 Active
18. 2010-11-21
    listed $75,000
19. 2010-05-27
    historical
20. 2010-05-27
    historical
21. 2009-08-07
    price
22. 2009-03-30
    listed
23. 2009-03-30
    listed $115,000
24. 2006-09-15
    soldstatus $120,000
25. 2006-08-10
    historical
26. 2006-06-24
    listed $119,900
27. 2004-08-12
    soldstatus $55,000
28. 2002-08-21
    soldstatus $42,000
29. 2002-07-19
    soldstatus $42,000
30. 2002-06-14
    historical
31. 2001-12-30
    listed $44,900
32. 1992-07-15
    soldstatus $56,500

ⓘ 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: $2,505 · $209/mo
• Projected year-2 tax: $2,505 · $209/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 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,191
• − Mortgage interest: −$8,397
• − Property taxes: −$2,505
• − Insurance: −$750
• − Repairs & maintenance: −$1,695
• − Management: −$1,695
• − Depreciation: −$4,361
• Taxable income: $1,788
• Est. tax owed @ 24.0%: −$429
• After-tax cash flow: $3,624/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+165.3% since first listed

32 events — show timeline

• 2026-05-20 Listed $149,900 BRIGHT MLS
• 2026-03-29 Listing Removed — BRIGHT MLS
• 2025-12-17 Listed $140,000 BRIGHT MLS
• 2012-06-08 Delisted — MRIS
• 2012-06-08 Listing Removed — BRIGHT MLS
• 2012-05-30 Price Changed — MRIS
• 2012-04-24 Price Changed — MRIS
• 2012-04-03 Listed — MRIS
• 2012-04-03 Listed $119,900 BRIGHT MLS
• 2011-07-27 Sold (Public Records) $36,000 Public Records
• 2011-07-22 Sold (MLS) $27,600 BRIGHT MLS
• 2011-07-22 Sold (MLS) $27,600 MRIS
• 2011-06-22 Pending — MRIS
• 2011-06-20 Listing Removed — BRIGHT MLS
• 2011-04-26 Price Changed $75,000 MRIS
• 2011-02-24 Price Changed $100,000 MRIS
• 2010-11-22 Listed $125,000 MRIS
• 2010-11-21 Listed $75,000 BRIGHT MLS
• 2010-05-27 Delisted — MRIS
• 2010-05-27 Listing Removed — BRIGHT MLS
• 2009-08-07 Price Changed — MRIS
• 2009-03-30 Listed — MRIS
• 2009-03-30 Listed $115,000 BRIGHT MLS
• 2006-09-15 Sold (MLS) $120,000 MRIS
• 2006-08-10 Delisted — MRIS
• 2006-06-24 Listed $119,900 MRIS
• 2004-08-12 Sold (Public Records) $55,000 Public Records
• 2002-08-21 Sold (Public Records) $42,000 Public Records
• 2002-07-19 Sold (MLS) $42,000 MRIS
• 2002-06-14 Delisted — MRIS
• 2001-12-30 Listed $44,900 MRIS
• 1992-07-15 Sold (Public Records) $56,500 Public Records

Property tax history

+1.7%/yr

Latest (2025): $2,505 · +7.4% YoY. Source: county tax records.