714 Bethnal Rd · Baltimore, MD 21229

$189,900

3 bd · 1.0 ba · 1,040 sqft · Townhouse public records · 58 Days on market

Built 1954 282 sqft lot $183/sqft · 65% above area Est $173k · 10% over

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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 +18.3/30.0
• DSCR +5.7/10.0
• 1% rule +4.8/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• ARV discount +3.1/15.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming and well-maintained home, perfect for a first-time buyer! This 3 bedroom with 2 bedrooms upstairs and 3rd bedroom in the basement, 1 bath home offers comfortable living with valuable bonus space and thoughtful features throughout. Enjoy cooking and entertaining in the kitchen, which opens to an extended sunroom featuring heat, ac and electricity-ideal for year round use as a dining area, home office, or a relaxing sitting room. The home includes brand new appliances including a stove, refrigerator and dryer with an existing washer, providing convenience and peace of mind for the new owners. The inviting living space features a real brick electric fireplace, creatin

Key facts

• Walkout basement
• Extended sunroom
• Attached shed

Tags

• EXTENDED SUNROOM
• REAL BRICK ELECTRIC FIREPLACE
• WALKOUT BASEMENT
• ATTACHED SHED

Property features AI

Exterior

• Parking: Detached carport with 2 spaces; Concrete driveway; Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer; Electric cooling; Natural gas for heat and hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick exterior; Block foundation
• Exterior features: Brick construction; Above- and below-grade finished space; Not in a federal flood zone; Pets allowed with no restrictions

Interior

• Kitchen: Gas oven/range; Refrigerator; Freezer
• Bedrooms: Two bedrooms on the upper level; One bedroom on the lower level
• Flooring: Wood floors
• Bathrooms: One full bathroom (upper level)
• Heating & cooling: Heat pump with gas backup; Natural gas heating and hot water; Central air conditioning (electric)
• Interior features: Formal separate dining room; Galley kitchen; Dining area; Wood floors; Sun/Florida room; Full walkout basement with windows (about half finished)
• Laundry & utility: Washer and electric dryer in unit; Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $190k.

Deal economics

• At list price, monthly cash flow is $173 ($2k/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 $186k (1.9% below list).
• Recommended offer: $184k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.4%/yr); 256 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 37% 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 58 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $190k implies a 381% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $184,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.98% ✗
• Cap rate: 7.39%
• Cash-on-cash: 3.91%
• DSCR: 1.17
• GRM: 8.5

CMA / ARV

• ARV (median comp): $172,890
• List price: $189,900
• Delta: 9.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
377 Marydell Rd	0.30mi	2/1.0 (-1)	1,040 (0%)	2mo	$145,000	$139	79
4441 Eldone Rd	0.10mi	3/1.5	1,120 (+8%)	4mo	$165,000	$147	77
708 Woodington Rd S	0.06mi	2/1.5 (-1)	1,120 (+8%)	1mo	$100,000	$89	76
4413 Parkton St	0.14mi	2/1.5 (-1)	1,120 (+8%)	3mo	$130,000	$116	71
586 Lucia Ave	0.11mi	3/1.5	1,178 (+13%)	3mo	$175,000	$149	68
517 Lucia Ave	0.03mi	2/1.5 (-1)	896 (-14%)	5mo	$155,000	$173	64
738 Yale Ave	0.11mi	2/1.0 (-1)	896 (-14%)	5mo	$144,000	$161	63
626 Brisbane Rd	0.21mi	2/1.0 (-1)	896 (-14%)	5mo	$165,000	$184	58
3579 Benzinger Rd	0.74mi	2/1.5 (-1)	1,050 (+1%)	3mo	$189,000	$180	55
5141 Stafford Rd	0.62mi	3/1.5	1,140 (+10%)	0mo	$120,100	$105	53
4786 Melbourne Rd	0.35mi	2/1.5 (-1)	896 (-14%)	1mo	$175,000	$195	53
304 S Augusta Ave	0.53mi	3/3.0	1,188 (+14%)	5mo	$160,000	$135	39

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: -7.5%
• Equity multiple: 0.72×
• Total profit: $-15,149
• Equity at exit: $28,315

10-year hold

• IRR: 4.8%
• Equity multiple: 1.39×
• Total profit: $20,773
• Equity at exit: $16,419

Cash invested: $53,172 (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: 256
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,862 high
• Mortgage (P&I): −$996
• Tax from tax record: −$223 /mo · $2,677/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $173

Break-even live

Break-even rent $1,643

Max offer price $189,900

Occupancy floor 86%

Sensitivity live

Price	-10% $281	-5% $227	+0% $173	+5% $120	+10% $66
Rent	-10% $26	-5% $100	+0% $173	+5% $247	+10% $320
Rate	-1.0pp $269	-0.5pp $222	base $173	+0.5pp $124	+1.0pp $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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	18d	1	0.08mi
738 Yale Ave Baltimore, MD	2.0	1.0	1346	$1,900	$1.41	25d	1	0.09mi
586 Lucia Ave Baltimore, MD	3.0	1.5	1178	$2,100	$1.78	19d	1	0.10mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	25d	1	0.11mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	45d	1	0.12mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	25d	1	0.13mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	45d	1	0.17mi
565 Brisbane Rd Baltimore, MD	2.0	2.0	1146	$1,675	$1.46	25d	1	0.21mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	45d	1	0.28mi
402 Colleen Rd Baltimore, MD	1.0–2.0	1.0	910	$1,450	$1.59	4d	11	0.36mi
501 Hazlett Ave Baltimore, MD	2.0–3.0	1.5–2.0	1044	$1,750	$1.68	0d	8	0.41mi
643 S Wickham Rd Baltimore, MD	2.0	3.0	896	$1,800	$2.01	0d	1	0.43mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	45d	1	0.57mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	45d	1	0.58mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	12d	1	0.63mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	25d	1	0.63mi
5147 Frederick Ave Baltimore, MD	3.0	2.0	1216	$1,950	$1.60	5d	1	0.67mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	14d	1	0.67mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	25d	1	0.73mi
4601 Pen Lucy Rd Unit 4615-G Baltimore, MD	2.0	1.0	798	$1,200	$1.50	23d	1	0.73mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	45d	1	0.73mi
4601 Pen Lucy Rd Unit 4718-F Baltimore, MD	2.0	1.0	879	$1,225	$1.39	4d	1	0.74mi
4601 Pen Lucy Rd Unit 4714-B Baltimore, MD	2.0	1.0	730	$1,205	$1.65	16d	1	0.74mi
4601 Pen Lucy Rd Unit 103-H Baltimore, MD	2.0	1.0	798	$1,315	$1.65	25d	1	0.74mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	16d	1	0.79mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	5d	5	0.79mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,500	$1.84	5d	2	0.81mi
3704 Coolidge Ave Baltimore, MD	2.0	1.0	1262	$2,000	$1.58	22d	1	0.83mi
4610 College Ave Baltimore, MD	4.0	2.0	1440	$2,200	$1.53	19d	1	0.84mi
21 Holland Hill Ct Catonsville, MD	4.0	1.5	1320	$2,200	$1.67	45d	1	0.89mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	25d	1	0.90mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	45d	1	0.90mi
24 Laurence Brooke Rd Catonsville, MD	4.0	3.0	1440	$2,800	$1.94	14d	1	0.92mi
4700 Gateway Ter Arbutus, MD	1.0–3.0	1.0	728	$1,652	$2.27	45d	1	0.92mi
131 N Bend Rd Unit 131-1B Baltimore, MD	2.0	1.5	910	$1,225	$1.35	23d	1	0.92mi
220 Stonecroft Rd Unit 230-D Baltimore, MD	2.0	1.5	900	$1,395	$1.55	23d	1	1.01mi
220 Stonecroft Rd Unit 232-I Baltimore, MD	2.0	1.5	900	$1,295	$1.44	19d	1	1.01mi
220 Stonecroft Rd Unit 220-H Baltimore, MD	2.0	1.5	900	$1,245	$1.38	0d	1	1.01mi
5364 Jamestowne Ct Baltimore, MD	3.0	1.0–1.5	787	$1,905	$2.42	0d	15	1.01mi
3 Brucester Bridge Ct Catonsville, MD	4.0	2.5	1440	$2,700	$1.88	25d	1	1.04mi

Listing history 18 events

1. 2026-06-21
   days on market $189,900 Active 58 DOM
2. 2026-06-18
   days on market $189,900 Active 55 DOM
3. 2026-06-17
   days on market $189,900 Active 54 DOM
4. 2026-06-16
   days on market $189,900 Active 53 DOM
5. 2026-06-15
   days on market $189,900 Active 52 DOM
6. 2026-06-13
   days on market $189,900 Active 50 DOM
7. 2026-06-09
   days on market $189,900 Active 46 DOM
8. 2026-06-08
   days on market $189,900 Active 45 DOM
9. 2026-06-07
   days on market $189,900 Active 44 DOM
10. 2026-06-04
    days on market $189,900 Active 41 DOM
11. 2026-06-03
    days on market $189,900 Active 40 DOM
12. 2026-06-02
    days on market $189,900 Active 39 DOM
13. 2026-06-01
    days on market $189,900 Active 38 DOM
14. 2026-05-31
    days on market $189,900 Active 37 DOM
15. 2026-05-15
    price $189,900 1011-char remark
16. 2026-04-24
    listed $199,900 Active 1011-char remark
17. 1996-07-10
    soldstatus $39,500
18. 1990-02-13
    soldstatus $37,500

ⓘ 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: $2,677 · $223/mo
• Projected year-2 tax: $2,677 · $223/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: $22,350
• − Mortgage interest: −$10,637
• − Property taxes: −$2,677
• − Insurance: −$950
• − Repairs & maintenance: −$1,788
• − Management: −$1,788
• − Depreciation: −$5,524
• Taxable loss: −$1,014
• Est. tax savings @ 24.0%: +$243
• After-tax cash flow: $2,323/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

+406.4% since first listed

4 events — show timeline

• 2026-05-15 Price Changed $189,900 BRIGHT MLS
• 2026-04-24 Listed $199,900 BRIGHT MLS
• 1996-07-10 Sold (Public Records) $39,500 Public Records
• 1990-02-13 Sold (Public Records) $37,500 Public Records

Property tax history

+1.0%/yr

Latest (2025): $2,677 · +11.8% YoY. Source: county tax records.