114 Haven St · Baltimore, MD 21224

$114,900

3 bd · 3.0 ba · 1,170 sqft · Townhouse public records · 114 Days on market

Built 1920 $98/sqft · 8% below area Est $125k · 8% under

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +11.1/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Rowhome currently divided into 2 units. Each floor of this Rowhome features a full bath. The main floor and upper level each feature a bedroom, full kitchen and full bath. The home is equipped with Gas Heat, Central Air, Gas Water Heater & washer / dryer in lower level. One meter serves this property. The home needs cosmetic updates, but has good bones. Currently tenant occupied on upper level.

Key facts

• Built 1920
• Listed 113 days

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $115k.

Deal economics

• At list price, monthly cash flow is $933 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.0% 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 (+1.3%/yr); 391 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); 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 $794 of loan paydown is wiped out by about $3k 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 + 1.3% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y 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.

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 $104,559 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.88% ✓
• Cap rate: 16.03%
• Cash-on-cash: 34.79%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (median comp): $124,858
• List price: $114,900
• Delta: -7.98%
• 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
111 N Highland Ave	0.33mi	3/1.5	1,170 (0%)	1mo	$105,000	$90	78
149 N Highland Ave	0.34mi	2/1.0 (-1)	1,170 (0%)	1mo	$75,000	$64	70
122 Ellwood Ave	0.56mi	3/1.5	1,200 (+3%)	0mo	$235,000	$196	63
3135 Mcelderry St	0.56mi	3/2.0	1,224 (+5%)	1mo	$234,000	$191	61
134 N Curley St	0.68mi	2/2.0 (-1)	1,170 (0%)	1mo	$270,000	$231	59
3534 E Fairmount Ave	0.25mi	2/1.0 (-1)	1,018 (-13%)	2mo	$86,000	$84	52
309 S Fagley St	0.40mi	2/2.0 (-1)	1,030 (-12%)	1mo	$225,000	$218	52
3420 Leverton Ave	0.33mi	2/2.0 (-1)	1,340 (+14%)	1mo	$115,000	$86	51
520 S Bouldin St	0.72mi	2/1.5 (-1)	1,212 (+4%)	1mo	$345,000	$285	48
20 N Decker Ave	0.60mi	3/1.0	1,040 (-11%)	2mo	$149,000	$143	44
14 S Curley St	0.69mi	2/1.0 (-1)	1,092 (-7%)	1mo	$269,000	$246	43
280 S Robinson St	0.64mi	2/1.0 (-1)	1,282 (+10%)	1mo	$294,000	$229	41

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: 28.4%
• Equity multiple: 2.16×
• Total profit: $37,200
• Equity at exit: $17,132

10-year hold

• IRR: 34.8%
• Equity multiple: 3.94×
• Total profit: $94,655
• Equity at exit: $9,934

Cash invested: $32,172 (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 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,158 high
• Mortgage (P&I): −$603
• Tax from tax record: −$121 /mo · $1,456/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $933

Break-even live

Break-even rent $977

Max offer price $114,900

Occupancy floor 52%

Sensitivity live

Price	-10% $998	-5% $965	+0% $933	+5% $900	+10% $868
Rent	-10% $762	-5% $848	+0% $933	+5% $1,018	+10% $1,103
Rate	-1.0pp $991	-0.5pp $962	base $933	+0.5pp $903	+1.0pp $873

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 S Eaton St Baltimore, MD	3.0	2.5	1393	$1,800	$1.29	17d	1	0.24mi
223 Grundy St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	24d	1	0.28mi
3430 E Baltimore St Baltimore, MD	3.0	2.5	1316	$2,250	$1.71	24d	1	0.31mi
3710 E Pratt St Baltimore, MD	2.0	3.5	1230	$1,900	$1.54	24d	1	0.31mi
3436 Leverton Ave Baltimore, MD	3.0	3.5	1500	$2,350	$1.57	24d	1	0.31mi
3413 Leverton Ave Baltimore, MD	2.0	1.0	832	$1,000	$1.20	24d	1	0.34mi
133 S Macon St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	18d	1	0.37mi
321 Fagley St Baltimore, MD	2.0	1.0	800	$1,650	$2.06	21d	1	0.40mi
113 N Clinton St Baltimore, MD	2.0	1.0	1300	$1,995	$1.53	44d	1	0.42mi
1 N Clinton St Baltimore, MD	4.0	1.5	1200	$1,700	$1.42	20d	1	0.42mi
235 S Highland Ave Baltimore, MD	2.0	1.5	1222	$2,000	$1.64	24d	1	0.46mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,820	$3.10	3d	20	0.47mi
3205 Esther Pl Baltimore, MD	2.0	2.0	960	$1,850	$1.93	24d	1	0.48mi
106 S Bouldin St Baltimore, MD	2.0	3.0	1134	$2,100	$1.85	21d	1	0.49mi
17 N East Ave Baltimore, MD	2.0	2.0	1326	$2,550	$1.92	24d	1	0.50mi
4015 Eastern Ave Unit 2L Baltimore, MD	3.0	2.0	1100	$1,800	$1.64	44d	1	0.51mi
502 S Haven St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	17d	1	0.53mi
502 S Haven St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	24d	1	0.53mi
3304 McElderry St Baltimore, MD	3.0	2.0	1413	$1,900	$1.34	44d	1	0.53mi
410 S Newkirk St Baltimore, MD	2.0	1.5	1330	$1,580	$1.19	44d	1	0.55mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	24d	1	0.55mi
127 S Robinson St Baltimore, MD	2.0	1.5	1400	$2,000	$1.43	44d	1	0.55mi
203 N Ellwood Ave Unit Main Baltimore, MD	2.0	2.0	880	$2,200	$2.50	24d	1	0.56mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,200	$1.67	24d	1	0.56mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,100	$1.59	17d	1	0.56mi
400 S Highland Ave Unit 402 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	44d	1	0.57mi
611 Grundy St Baltimore, MD	3.0	2.0	1434	$2,700	$1.88	24d	1	0.59mi
527 S Lehigh St Baltimore, MD	3.0	2.0	1320	$2,325	$1.76	44d	1	0.61mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	44d	1	0.67mi
3306 Fleet St Baltimore, MD	4.0	3.0	1308	$3,500	$2.68	44d	1	0.67mi
150 N Curley St Baltimore, MD	2.0	2.5	1266	$1,850	$1.46	18d	1	0.69mi
4505 Foster Ave Baltimore, MD	3.0	3.0	1376	$2,650	$1.93	24d	1	0.69mi
611 Oldham St Baltimore, MD	2.0	1.0	1148	$1,800	$1.57	13d	1	0.70mi
102 S Curley St Baltimore, MD	2.0	1.5	1200	$1,800	$1.50	5d	1	0.70mi
34 N Linwood Ave Baltimore, MD	2.0	1.5	1288	$2,400	$1.86	24d	1	0.72mi
2815 Orleans St Baltimore, MD	2.0	1.0	1204	$1,600	$1.33	2d	1	0.76mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	24d	1	0.76mi
2934 E Monument St Baltimore, MD	2.0	1.0	1200	$1,499	$1.25	44d	1	0.76mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	18d	1	0.78mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	15d	1	0.78mi

Listing history 30 events

1. 2026-06-18
   days on market $114,900 Active 114 DOM
2. 2026-06-17
   days on market $114,900 Active 113 DOM
3. 2026-06-16
   days on market $114,900 Active 112 DOM
4. 2026-06-15
   days on market $114,900 Active 111 DOM
5. 2026-06-13
   days on market $114,900 Active 109 DOM
6. 2026-06-09
   days on market $114,900 Active 105 DOM
7. 2026-06-08
   days on market $114,900 Active 104 DOM
8. 2026-06-07
   days on market $114,900 Active 103 DOM
9. 2026-06-04
   days on market $114,900 Active 100 DOM
10. 2026-06-03
    days on market $114,900 Active 99 DOM
11. 2026-06-02
    days on market $114,900 Active 98 DOM
12. 2026-06-01
    days on market $114,900 Active 97 DOM
13. 2026-05-31
    days on market $114,900 Active 96 DOM
14. 2026-04-21
    status Active
15. 2026-04-19
    historical
16. 2026-04-07
    status Active
17. 2026-03-06
    historical Active Under Contract
18. 2026-01-21
    listed $119,900 Active
19. 2022-02-17
    soldstatus $1,523,875
20. 2018-04-06
    soldstatus $46,000 Sold 403-char remark

    Show marketing remark (403 chars)

    Rowhome currently divided into 2 units. Each floor of this Rowhome features a full bath. The main floor and upper level each feature a bedroom, full kitchen and full bath. The home is equipped with Gas Heat, Central Air, Gas Water Heater & washer / dryer in lower level. One meter serves this property. The home needs cosmetic updates, but has good bones. Currently tenant occupied on upper level.

21. 2018-02-22
    status Contract 403-char remark

    Show marketing remark (403 chars)

    Rowhome currently divided into 2 units. Each floor of this Rowhome features a full bath. The main floor and upper level each feature a bedroom, full kitchen and full bath. The home is equipped with Gas Heat, Central Air, Gas Water Heater & washer / dryer in lower level. One meter serves this property. The home needs cosmetic updates, but has good bones. Currently tenant occupied on upper level.

22. 2018-02-20
    listed $49,000 Active 403-char remark

    Show marketing remark (403 chars)

    Rowhome currently divided into 2 units. Each floor of this Rowhome features a full bath. The main floor and upper level each feature a bedroom, full kitchen and full bath. The home is equipped with Gas Heat, Central Air, Gas Water Heater & washer / dryer in lower level. One meter serves this property. The home needs cosmetic updates, but has good bones. Currently tenant occupied on upper level.

23. 2009-05-13
    soldstatus $75,000
24. 2009-03-30
    soldstatus $75,000 Sold
25. 2009-03-10
    historical
26. 2009-03-03
    listed $82,900
27. 2008-04-01
    historical
28. 2007-10-26
    listed
29. 1988-08-29
    soldstatus $23,000
30. 1981-08-28
    soldstatus $10,500

ⓘ 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: $1,456 · $121/mo
• Projected year-2 tax: $1,456 · $121/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: $25,892
• − Mortgage interest: −$6,436
• − Property taxes: −$1,456
• − Insurance: −$574
• − Repairs & maintenance: −$2,071
• − Management: −$2,071
• − Depreciation: −$3,343
• Taxable income: $9,940
• Est. tax owed @ 24.0%: −$2,385
• After-tax cash flow: $8,808/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

+1041.9% since first listed

17 events — show timeline

• 2026-04-21 Relisted — BRIGHT MLS
• 2026-04-19 Listing Removed — BRIGHT MLS
• 2026-04-07 Relisted — BRIGHT MLS
• 2026-03-06 Contingent — BRIGHT MLS
• 2026-01-21 Listed $119,900 BRIGHT MLS
• 2022-02-17 Sold (Public Records) $1,523,875 Public Records
• 2018-04-06 Sold (MLS) $46,000 MRIS
• 2018-02-22 Pending — MRIS
• 2018-02-20 Listed $49,000 MRIS
• 2009-05-13 Sold (Public Records) $75,000 Public Records
• 2009-03-30 Sold (MLS) $75,000 MRIS
• 2009-03-10 Delisted — MRIS
• 2009-03-03 Listed $82,900 MRIS
• 2008-04-01 Delisted — MRIS
• 2007-10-26 Listed — MRIS
• 1988-08-29 Sold (Public Records) $23,000 Public Records
• 1981-08-28 Sold (Public Records) $10,500 Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,456 · -12.3% YoY. Source: county tax records.