4401 Parkton St · Baltimore, MD 21229

$199,900

3 bd · 2.5 ba · 1,372 sqft · Townhouse public records · 23 Days on market

Built 1955 2,601 sqft lot Est $202k · at est.

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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 +19.9/30.0
• ARV discount +7.9/15.0
• DSCR +6.3/10.0
• 1% rule +4.5/10.0
• 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 MLS

Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

Key facts

• Hardwood flooring
• End unit
• Recent renovations

Tags

• HARDWOOD FLOORING
• RECENT RENOVATIONS
• END UNIT

Property features AI

Finance

• Other: Pets allowed with no listed restrictions
• Financial info: Land assessed separately; Improvement and tax assessments recorded
• HOA & community: Ground rent paid annually

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: End-of-row townhouse; Fee simple ownership
• Construction: Brick construction; Concrete perimeter foundation; Year built: estimated
• Exterior features: Not in a federal flood zone; Above-grade and below-grade structures noted

Interior

• Bedrooms: Two bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms on the upper level; One full bathroom on the lower level; Three full bathrooms total
• Heating & cooling: Central heating (forced air) using natural gas; Central air conditioning (electric); Natural gas hot water
• Interior features: Fully finished basement; Multiple access exits (2+)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $241 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (5.1% below list).
• Recommended offer: $190k (5.1% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 6.0% in Baltimore — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 38% 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 $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.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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 $100k; list at $200k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $189,700 (5.1% below list)

Questions for the listing agent

1. Built in 1955 — 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. 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?
6. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.18%
• DSCR: 1.23
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $201,684
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4420 Parkton St	0.03mi	3/2.0	1,450 (+6%)	1mo	$140,000	$97	86
542 Lucia Ave	0.19mi	3/2.0	1,344 (-2%)	1mo	$205,000	$153	85
748 Bethnal Rd	0.20mi	3/1.5	1,408 (+3%)	2mo	$183,000	$130	80
642 Queensgate Rd	0.48mi	3/2.0	1,260 (-8%)	0mo	$234,444	$186	62
428 S Augusta Ave	0.33mi	4/2.5 (+1)	1,500 (+9%)	3mo	$249,900	$167	62
4516 Pen Lucy Rd	0.71mi	3/2.0	1,416 (+3%)	2mo	$205,000	$145	58
4626 Frederick Ave	0.33mi	3/2.0	1,568 (+14%)	2mo	$165,000	$105	57
5170 Stafford Rd	0.64mi	3/1.5	1,450 (+6%)	2mo	$125,000	$86	55
101 Upmanor Rd	0.73mi	3/1.0	1,408 (+3%)	1mo	$205,000	$146	55
40 Hillvale Rd	0.56mi	3/2.0	1,224 (-11%)	1mo	$230,000	$188	53
48 Hillvale Rd	0.57mi	3/1.5	1,224 (-11%)	2mo	$180,000	$147	50
4865 Melbourne Rd	0.56mi	2/2.0 (-1)	1,232 (-10%)	2mo	$214,000	$174	48

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: -5.8%
• Equity multiple: 0.78×
• Total profit: $-12,413
• Equity at exit: $29,806

10-year hold

• IRR: 6.3%
• Equity multiple: 1.52×
• Total profit: $28,835
• Equity at exit: $17,284

Cash invested: $55,972 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,897 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$126 /mo · $1,507/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $241

Break-even live

Break-even rent $1,591

Max offer price $199,900

Occupancy floor 82%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	24d	1	0.06mi
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	16d	1	0.12mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	43d	1	0.18mi
738 Yale Ave Baltimore, MD	2.0	1.0	1346	$1,900	$1.41	24d	1	0.20mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	43d	1	0.23mi
586 Lucia Ave Baltimore, MD	3.0	1.5	1178	$2,100	$1.78	18d	1	0.24mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	24d	1	0.28mi
565 Brisbane Rd Baltimore, MD	2.0	2.0	1146	$1,675	$1.46	24d	1	0.30mi
402 Colleen Rd Baltimore, MD	1.0–2.0	1.0	910	$1,450	$1.59	2d	11	0.31mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	43d	1	0.31mi
501 Hazlett Ave Baltimore, MD	2.0–3.0	1.5–2.0	1044	$1,879	$1.80	2d	8	0.42mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.44mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	43d	1	0.48mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	24d	1	0.53mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	11d	1	0.53mi
670 Queensgate Rd Baltimore, MD	3.0	2.0	1600	$2,100	$1.31	4d	1	0.54mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	24d	1	0.59mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	43d	1	0.59mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	12d	1	0.61mi
4601 Pen Lucy Rd Unit 4718-F Baltimore, MD	2.0	1.0	879	$1,225	$1.39	2d	1	0.62mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	43d	1	0.64mi
5147 Frederick Ave Baltimore, MD	3.0	2.0	1216	$1,950	$1.60	3d	1	0.64mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,500	$1.84	3d	2	0.71mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	43d	1	0.76mi
131 N Bend Rd Unit 131-1B Baltimore, MD	2.0	1.5	910	$1,225	$1.35	22d	1	0.90mi
3704 Coolidge Ave Baltimore, MD	2.0	1.0	1262	$2,000	$1.58	20d	1	0.92mi
4610 College Ave Baltimore, MD	4.0	2.0	1440	$2,200	$1.53	18d	1	0.98mi
5364 Jamestowne Ct Baltimore, MD	3.0	1.0–1.5	787	$1,905	$2.42	4d	13	1.00mi
220 Stonecroft Rd Unit 230-D Baltimore, MD	2.0	1.5	900	$1,395	$1.55	22d	1	1.01mi
220 Stonecroft Rd Unit 232-I Baltimore, MD	2.0	1.5	900	$1,295	$1.44	18d	1	1.01mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	43d	1	1.02mi
21 Holland Hill Ct Catonsville, MD	4.0	1.5	1320	$2,200	$1.67	43d	1	1.03mi
4630 Warren Tree Way Baltimore, MD	3.0	1.5	1736	$2,500	$1.44	5d	1	1.04mi
24 Laurence Brooke Rd Catonsville, MD	4.0	3.0	1440	$2,800	$1.94	12d	1	1.04mi
4700 Gateway Ter Arbutus, MD	1.0–3.0	1.0	728	$1,652	$2.27	43d	1	1.07mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	1.10mi
3706 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1540	$1,350	$0.88	43d	1	1.13mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	20d	1	1.13mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	1.14mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	1.14mi

Listing history 35 events

1. 2026-06-18
   days on market $199,900 Active 23 DOM
2. 2026-06-17
   days on market $199,900 Active 22 DOM
3. 2026-06-16
   days on market $199,900 Active 21 DOM
4. 2026-06-15
   days on market $199,900 Active 20 DOM
5. 2026-06-13
   days on market $199,900 Active 18 DOM
6. 2026-06-09
   days on market $199,900 Active 14 DOM
7. 2026-06-08
   days on market $199,900 Active 13 DOM
8. 2026-06-07
   days on market $199,900 Active 12 DOM
9. 2026-06-04
   days on market $199,900 Active 9 DOM
10. 2026-06-03
    days on market $199,900 Active 8 DOM
11. 2026-06-02
    days on market $199,900 Active 7 DOM
12. 2026-06-01
    days on market $199,900 Active 6 DOM
13. 2026-05-31
    days on market $199,900 Active 5 DOM
14. 2026-05-26
    listed $199,900 Active
15. 2025-12-31
    historical
16. 2025-07-26
    listed $199,900 Active
17. 2025-07-19
    historical
18. 2014-04-23
    soldstatus $100,000
19. 2014-04-23
    soldstatus $100,000
20. 2014-04-23
    soldstatus $100,000
21. 2014-01-25
    historical 115-char remark

    Show marketing remark (115 chars)

    Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

22. 2014-01-24
    soldstatus $100,000 Sold 115-char remark

    Show marketing remark (115 chars)

    Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

23. 2014-01-24
    soldstatus $100,000

    Show marketing remark (115 chars)

    Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

24. 2013-09-24
    status Contingent (No Kick Out) 115-char remark

    Show marketing remark (115 chars)

    Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

25. 2013-09-21
    historical
26. 2013-08-23
    listed $100,000 Active 115-char remark

    Show marketing remark (115 chars)

    Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

27. 2013-08-23
    listed $100,000

    Show marketing remark (115 chars)

    Lovely home in the heart of the city many upgrades done to the kitchen remodeled bathroom, home has been well kept.

28. 2007-06-27
    soldstatus $113,465
29. 2006-05-23
    soldstatus $113,465
30. 2006-03-23
    soldstatus $75,500
31. 2006-03-10
    historical
32. 2006-02-17
    listed $115,000
33. 2005-12-31
    soldstatus $75,500
34. 2005-10-14
    historical
35. 2005-10-03
    listed $70,000

ⓘ 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: $1,507 · $126/mo
• Projected year-2 tax: $1,843 · $154/mo
• Expected delta: +$336/yr (+$28/mo · 22.3%)

ⓘ 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: $22,764
• − Mortgage interest: −$11,198
• − Property taxes: −$1,507
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,821
• − Management: −$1,821
• − Depreciation: −$5,815
• Taxable loss: −$398
• Est. tax savings @ 24.0%: +$95
• After-tax cash flow: $2,993/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

+185.6% since first listed

22 events — show timeline

• 2026-05-26 Listed $199,900 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-07-26 Listed $199,900 BRIGHT MLS
• 2025-07-19 Coming Soon — BRIGHT MLS
• 2014-04-23 Sold (Public Records) $100,000 Public Records
• 2014-04-23 Sold (Public Records) $100,000 Public Records
• 2014-04-23 Sold (Public Records) $100,000 Public Records
• 2014-01-25 Delisted — MRIS
• 2014-01-24 Sold (MLS) $100,000 BRIGHT MLS
• 2014-01-24 Sold (MLS) $100,000 MRIS
• 2013-09-24 Pending — MRIS
• 2013-09-21 Listing Removed — BRIGHT MLS
• 2013-08-23 Listed $100,000 MRIS
• 2013-08-23 Listed $100,000 BRIGHT MLS
• 2007-06-27 Sold (Public Records) $113,465 Public Records
• 2006-05-23 Sold (MLS) $113,465 MRIS
• 2006-03-23 Sold (Public Records) $75,500 Public Records
• 2006-03-10 Delisted — MRIS
• 2006-02-17 Listed $115,000 MRIS
• 2005-12-31 Sold (MLS) $75,500 MRIS
• 2005-10-14 Delisted — MRIS
• 2005-10-03 Listed $70,000 MRIS

Property tax history

-2.1%/yr

Latest (2025): $1,507 · -13.8% YoY. Source: county tax records.