224 S Haven St · Baltimore, MD 21224

$155,000

2 bd · 1.0 ba · 720 sqft · Townhouse public records · 83 Days on market

Built 1920 1,080 sqft lot $215/sqft · 57% above area Est $148k · at est.

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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 +26.2/30.0
• DSCR +8.8/10.0
• 1% rule +7.3/10.0
• ARV discount +5.3/15.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming brick-front rowhome in the heart of Highlandtown, offering the perfect blend of comfort, updates, and convenience. This home is ideal for a small family or a busy professional, especially those working at Bayview, just minutes away! Step inside to find brand new flooring and carpet throughout, including durable LVP on the main level, creating a fresh and modern feel. The bright and airy living room is perfect for entertaining or unwinding after a long day. The spacious kitchen features abundant cabinetry, generous prep space, a center island for quick bites, stainless steel appliances, plus a brand new stove and microwave. Upstairs, you’ll find a light-filled primary bedroom, a full bathroom complete with a tub/shower combo and skylight, and a second bedroom that’s perfect for guests or a home office. The partially finished lower level offers a flexible rec room space along with additional storage and a laundry area. Step outside to your private, fully fenced backyard with a covered patio, perfect for hosting summer BBQs or enjoying a quiet evening outdoors. A rear parking pad ensures you’ll never have to worry about street parking. Additional perks include a low BGE bill and a location that truly can’t be beat, conveniently located near Bayview, Boston Street, Eastern Avenue, Route 40, I-895, I-95, and the tunnel, with easy access to Canton, shopping, dining, and everything the city has to offer. This move-in ready home checks all the boxes, don’t miss it!

Key facts

• Parking
• Built 1920
• Listed 83 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $155k.

Deal economics

• At list price, monthly cash flow is $394 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $146k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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 (+1.3%/yr); 391 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

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 83 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $30k; list at $155k implies a 418% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $145,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 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 1920 — 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: 1.23% ✓
• Cap rate: 9.34%
• Cash-on-cash: 10.90%
• DSCR: 1.48
• GRM: 6.8

CMA / ARV

• ARV (median comp): $147,851
• List price: $155,000
• Delta: 4.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
107 S Dean St	0.21mi	2/1.0	720 (0%)	0mo	$104,000	$144	90
228 S Haven St	0.01mi	2/2.5	720 (0%)	7mo	$145,000	$201	88
321 S Fagley St	0.14mi	2/1.0	780 (+8%)	12mo	$157,000	$201	69
124 N Janney St	0.33mi	2/1.0	792 (+10%)	2mo	$63,800	$81	66
401 S Dean St S	0.27mi	2/1.5	788 (+9%)	21mo	$105,000	$133	52
1026 S Highland Ave	0.70mi	2/1.5	757 (+5%)	8mo	$305,000	$403	50
825 S Decker Ave	0.74mi	2/1.0	748 (+4%)	14mo	$215,000	$287	47
3612 Mount Pleasant Ave	0.23mi	3/1.5 (+1)	804 (+12%)	19mo	$110,000	$137	47
3023 Fait Ave	0.74mi	1/1.5 (-1)	693 (-4%)	20mo	$275,000	$397	36
805 S Decker Ave	0.73mi	2/1.5	792 (+10%)	15mo	$245,000	$309	35

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -2.0%
• Equity multiple: 0.93×
• Total profit: $-3,144
• Equity at exit: $23,111

10-year hold

• IRR: 5.8%
• Equity multiple: 1.40×
• Total profit: $17,182
• Equity at exit: $13,402

Cash invested: $43,400 (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 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,901 high
• Mortgage (P&I): −$813
• Tax from tax record: −$230 /mo · $2,765/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $394

Break-even live

Break-even rent $1,402

Max offer price $155,000

Occupancy floor 74%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,350	$2.58	2d	20	0.20mi
201 S Conkling St Baltimore, MD	1.0	1.0	740	$1,500	$2.03	2d	2	0.22mi
400 S Conkling St Unit 3 Baltimore, MD	1.0	1.0	700	$1,700	$2.43	43d	1	0.30mi
3344 E Baltimore St Unit 2 Baltimore, MD	1.0	1.0	545	$1,250	$2.29	43d	1	0.40mi
3235 Eastern Ave Unit 2FL Baltimore, MD	1.0	1.0	552	$1,795	$3.25	4d	1	0.47mi
3610 Dillon St Baltimore, MD	1.0–2.0	1.0–2.0	828	$2,820	$3.41	43d	1	0.59mi
3850 Boston St Baltimore, MD	2.0	1.0–2.0	854	$3,378	$3.96	2d	22	0.69mi
1211 S Eaton St Unit 8024 Baltimore, MD	1.0	1.0	627	$2,014	$3.21	43d	1	0.70mi
3700 Toone St Baltimore, MD	1.0–2.0	1.0–2.0	1093	$3,218	$2.94	1d	28	0.77mi
1200 S Conkling St Baltimore, MD	1.0–2.0	1.0–2.0	1085	$2,933	$2.70	1d	16	0.79mi
560 Bayview Blvd Baltimore, MD	1.0–3.0	1.0–3.0	1108	$2,515	$2.27	2d	25	0.82mi
3018 O Donnell St Unit 2R Baltimore, MD	1.0	1.0	750	$1,700	$2.27	43d	1	0.85mi
400 N Rose St #1 Baltimore, MD	1.0	1.0	588	$1,080	$1.84	43d	1	1.07mi
440 Elrino St Unit 2 Baltimore, MD	1.0	1.0	750	$1,050	$1.40	23d	1	1.08mi
421 Elrino St Unit B Baltimore, MD	1.0	1.0	750	$995	$1.33	23d	1	1.09mi
6201 Eastern Ave Baltimore, MD	1.0	1.0	650	$1,350	$2.08	43d	1	1.10mi
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	4d	1	1.11mi
2309 Eastern Ave Unit B Baltimore, MD	1.0	1.0	550	$1,295	$2.35	43d	1	1.16mi
107 S Collington Ave Unit 2 REAR Baltimore, MD	1.0	1.0	600	$1,800	$3.00	4d	1	1.23mi
305 S Collington Ave Baltimore, MD	3.0	2.5	722	$2,895	$4.01	17d	1	1.23mi
723 N Patterson Park Ave Baltimore, MD	1.0	1.0	350	$1,000	$2.86	43d	1	1.34mi
1401 N Potomac St Unit 1 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	17d	1	1.37mi
1323 N Kenwood Ave Unit 2 Baltimore, MD	1.0	1.0	600	$950	$1.58	43d	1	1.42mi
1901 E Lombard St Baltimore, MD	1.0	1.0	660	$1,800	$2.73	21d	1	1.46mi
1901 E Lombard St Apt 3 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	14d	1	1.46mi
1901 E Lombard St Baltimore, MD	1.0	1.0	702	$1,750	$2.49	43d	1	1.46mi
1901 E Lombard St Apt 2 Baltimore, MD	1.0	1.0	650	$1,650	$2.54	1d	1	1.46mi
1901 E Lombard St Apt 4 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	21d	1	1.46mi
1901 E Lombard St Baltimore, MD	1.0	1.0	650	$1,750	$2.69	23d	1	1.46mi
1901 E Lombard St Apt 3 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	4d	1	1.46mi
521 S Wolfe St Unit 1R Baltimore, MD	1.0	1.0	500	$1,350	$2.70	10d	1	1.47mi

Listing history 19 events

1. 2026-06-18
   days on market $155,000 Active 83 DOM
2. 2026-06-17
   days on market $155,000 Active 82 DOM
3. 2026-06-16
   days on market $155,000 Active 81 DOM
4. 2026-06-15
   days on market $155,000 Active 80 DOM
5. 2026-06-13
   days on market $155,000 Active 78 DOM
6. 2026-06-09
   days on market $155,000 Active 74 DOM
7. 2026-06-08
   days on market $155,000 Active 73 DOM
8. 2026-06-07
   days on market $155,000 Active 72 DOM
9. 2026-06-04
   days on market $155,000 Active 69 DOM
10. 2026-06-03
    days on market $155,000 Active 68 DOM
11. 2026-06-02
    days on market $155,000 Active 67 DOM
12. 2026-06-01
    days on market $155,000 Active 66 DOM
13. 2026-05-31
    days on market $155,000 Active 65 DOM
14. 2026-05-04
    price $155,000 1536-char remark

    Show marketing remark (1536 chars)

    Welcome to this charming brick-front rowhome in the heart of Highlandtown, offering the perfect blend of comfort, updates, and convenience. This home is ideal for a small family or a busy professional, especially those working at Bayview, just minutes away! Step inside to find brand new flooring and carpet throughout, including durable LVP on the main level, creating a fresh and modern feel. The bright and airy living room is perfect for entertaining or unwinding after a long day. The spacious kitchen features abundant cabinetry, generous prep space, a center island for quick bites, stainless steel appliances, plus a brand new stove and microwave. Upstairs, you’ll find a light-filled primary bedroom, a full bathroom complete with a tub/shower combo and skylight, and a second bedroom that’s perfect for guests or a home office. The partially finished lower level offers a flexible rec room space along with additional storage and a laundry area. Step outside to your private, fully fenced backyard with a covered patio, perfect for hosting summer BBQs or enjoying a quiet evening outdoors. A rear parking pad ensures you’ll never have to worry about street parking. Additional perks include a low BGE bill and a location that truly can’t be beat, conveniently located near Bayview, Boston Street, Eastern Avenue, Route 40, I-895, I-95, and the tunnel, with easy access to Canton, shopping, dining, and everything the city has to offer. This move-in ready home checks all the boxes, don’t miss it!

15. 2026-04-20
    price $164,900 1536-char remark

    Show marketing remark (1536 chars)

    Welcome to this charming brick-front rowhome in the heart of Highlandtown, offering the perfect blend of comfort, updates, and convenience. This home is ideal for a small family or a busy professional, especially those working at Bayview, just minutes away! Step inside to find brand new flooring and carpet throughout, including durable LVP on the main level, creating a fresh and modern feel. The bright and airy living room is perfect for entertaining or unwinding after a long day. The spacious kitchen features abundant cabinetry, generous prep space, a center island for quick bites, stainless steel appliances, plus a brand new stove and microwave. Upstairs, you’ll find a light-filled primary bedroom, a full bathroom complete with a tub/shower combo and skylight, and a second bedroom that’s perfect for guests or a home office. The partially finished lower level offers a flexible rec room space along with additional storage and a laundry area. Step outside to your private, fully fenced backyard with a covered patio, perfect for hosting summer BBQs or enjoying a quiet evening outdoors. A rear parking pad ensures you’ll never have to worry about street parking. Additional perks include a low BGE bill and a location that truly can’t be beat, conveniently located near Bayview, Boston Street, Eastern Avenue, Route 40, I-895, I-95, and the tunnel, with easy access to Canton, shopping, dining, and everything the city has to offer. This move-in ready home checks all the boxes, don’t miss it!

16. 2026-03-27
    listed $175,000 Active 1536-char remark

    Show marketing remark (1536 chars)

    Welcome to this charming brick-front rowhome in the heart of Highlandtown, offering the perfect blend of comfort, updates, and convenience. This home is ideal for a small family or a busy professional, especially those working at Bayview, just minutes away! Step inside to find brand new flooring and carpet throughout, including durable LVP on the main level, creating a fresh and modern feel. The bright and airy living room is perfect for entertaining or unwinding after a long day. The spacious kitchen features abundant cabinetry, generous prep space, a center island for quick bites, stainless steel appliances, plus a brand new stove and microwave. Upstairs, you’ll find a light-filled primary bedroom, a full bathroom complete with a tub/shower combo and skylight, and a second bedroom that’s perfect for guests or a home office. The partially finished lower level offers a flexible rec room space along with additional storage and a laundry area. Step outside to your private, fully fenced backyard with a covered patio, perfect for hosting summer BBQs or enjoying a quiet evening outdoors. A rear parking pad ensures you’ll never have to worry about street parking. Additional perks include a low BGE bill and a location that truly can’t be beat, conveniently located near Bayview, Boston Street, Eastern Avenue, Route 40, I-895, I-95, and the tunnel, with easy access to Canton, shopping, dining, and everything the city has to offer. This move-in ready home checks all the boxes, don’t miss it!

17. 2026-03-27
    historical $175,000 1536-char remark

    Show marketing remark (1536 chars)

    Welcome to this charming brick-front rowhome in the heart of Highlandtown, offering the perfect blend of comfort, updates, and convenience. This home is ideal for a small family or a busy professional, especially those working at Bayview, just minutes away! Step inside to find brand new flooring and carpet throughout, including durable LVP on the main level, creating a fresh and modern feel. The bright and airy living room is perfect for entertaining or unwinding after a long day. The spacious kitchen features abundant cabinetry, generous prep space, a center island for quick bites, stainless steel appliances, plus a brand new stove and microwave. Upstairs, you’ll find a light-filled primary bedroom, a full bathroom complete with a tub/shower combo and skylight, and a second bedroom that’s perfect for guests or a home office. The partially finished lower level offers a flexible rec room space along with additional storage and a laundry area. Step outside to your private, fully fenced backyard with a covered patio, perfect for hosting summer BBQs or enjoying a quiet evening outdoors. A rear parking pad ensures you’ll never have to worry about street parking. Additional perks include a low BGE bill and a location that truly can’t be beat, conveniently located near Bayview, Boston Street, Eastern Avenue, Route 40, I-895, I-95, and the tunnel, with easy access to Canton, shopping, dining, and everything the city has to offer. This move-in ready home checks all the boxes, don’t miss it!

18. 1985-01-25
    soldstatus $29,900
19. 1981-12-08
    soldstatus $16,000

ⓘ 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: $2,765 · $230/mo
• Projected year-2 tax: $2,765 · $230/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: $22,815
• − Mortgage interest: −$8,682
• − Property taxes: −$2,765
• − Insurance: −$775
• − Repairs & maintenance: −$1,825
• − Management: −$1,825
• − Depreciation: −$4,509
• Taxable income: $2,433
• Est. tax owed @ 24.0%: −$584
• After-tax cash flow: $4,146/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): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+868.8% since first listed

6 events — show timeline

• 2026-05-04 Price Changed $155,000 BRIGHT MLS
• 2026-04-20 Price Changed $164,900 BRIGHT MLS
• 2026-03-27 Listed $175,000 BRIGHT MLS
• 2026-03-27 Coming Soon $175,000 BRIGHT MLS
• 1985-01-25 Sold (Public Records) $29,900 Public Records
• 1981-12-08 Sold (Public Records) $16,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $2,765 · +1.5% YoY. Source: county tax records.