554 S Longwood St · Baltimore, MD 21223

$155,000

4 bd · 2.5 ba · 2,368 sqft · SingleFamily public records · 15 Days on market

Built 1920 7,248 sqft lot

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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 +25.4/30.0
• 1% rule +8.4/10.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 4Br. 2 1/2 ba. HUGE single home with New kitchen with stainless steel appliances, Granite counters * Recessed lights * Hardwood floors * HUGE fenced yard with off street parking * Master Bedroom with full Master bath * New HVAC * New bathrooms * New carpet and so much more this is a must see home. ..

Key facts

• Huge yard
• Near schools
• Open floor plan

Tags

• WELCOMING FRONT PORCH
• OPEN FLOOR PLAN
• UNFINISHED BASEMENT
• HUGE YARD
• NEAR SCHOOLS
• NEAR PARKS

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/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: $153k (1.5% below list) — sets the bar for market timing.
• 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 (+7.5%/yr); 422 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,074/mo this rent would consume 54% of the median local household income ($46k/yr) (locally 1755% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• At projected returns (-3.0% appreciation + 7.5% rent growth), your $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 28y 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: property tax is 3.1% of price; 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 $152,675 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.34% ✓
• Cap rate: 9.04%
• Cash-on-cash: 9.80%
• DSCR: 1.44
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $367,040
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
554 S Longwood St	0.00mi	4/2.5	2,368 (0%)	1mo	$167,000	$71	99
903 Desoto Rd	0.23mi	5/3.0 (+1)	2,116 (-11%)	17mo	$327,000	$155	50

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 4.2%
• Equity multiple: 1.17×
• Total profit: $7,464
• Equity at exit: $23,111

10-year hold

• IRR: 18.0%
• Equity multiple: 2.86×
• Total profit: $80,551
• 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 21223

• Rents YoY: 7.5%
• Active inventory: 422
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,074 high
• Mortgage (P&I): −$813
• Tax from tax record: −$406 /mo · $4,876/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $355

Break-even live

Break-even rent $1,625

Max offer price $155,000

Occupancy floor 78%

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 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1633 Sexton St Baltimore, MD	4.0	3.0	1748	$1,999	$1.14	43d	1	0.96mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	43d	1	0.98mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	23d	1	0.99mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	3d	1	1.08mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	43d	1	1.15mi
3324 Edmondson Ave Baltimore, MD	3.0	2.5	2300	$1,995	$0.87	21d	1	1.18mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	43d	1	1.22mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	23d	1	1.23mi
1814 Penrose Ave Baltimore, MD	3.0	1.0	1624	$1,700	$1.05	17d	1	1.45mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	43d	1	1.49mi

Listing history 36 events

1. 2026-04-02
   status Pending
2. 2026-03-25
   status Active
3. 2026-03-17
   status Pending
4. 2026-03-10
   listed $155,000 Active
5. 2016-01-29
   soldstatus $155,000
6. 2015-12-23
   soldstatus $155,000 324-char remark

   Show marketing remark (324 chars)

   Beautiful 4Br. 2 1/2 ba. HUGE single home with New kitchen with stainless steel appliances, Granite counters * Recessed lights * Hardwood floors * HUGE fenced yard with off street parking * Master Bedroom with full Master bath * New HVAC * New bathrooms * New carpet and so much more this is a must see home. ..

7. 2015-12-23
   soldstatus $155,000 Sold 324-char remark

   Show marketing remark (324 chars)

   Beautiful 4Br. 2 1/2 ba. HUGE single home with New kitchen with stainless steel appliances, Granite counters * Recessed lights * Hardwood floors * HUGE fenced yard with off street parking * Master Bedroom with full Master bath * New HVAC * New bathrooms * New carpet and so much more this is a must see home. ..

8. 2015-10-31
   status Contract 324-char remark

   Show marketing remark (324 chars)

   Beautiful 4Br. 2 1/2 ba. HUGE single home with New kitchen with stainless steel appliances, Granite counters * Recessed lights * Hardwood floors * HUGE fenced yard with off street parking * Master Bedroom with full Master bath * New HVAC * New bathrooms * New carpet and so much more this is a must see home. ..

9. 2015-10-12
   listed $189,900 Active 324-char remark

   Show marketing remark (324 chars)

   Beautiful 4Br. 2 1/2 ba. HUGE single home with New kitchen with stainless steel appliances, Granite counters * Recessed lights * Hardwood floors * HUGE fenced yard with off street parking * Master Bedroom with full Master bath * New HVAC * New bathrooms * New carpet and so much more this is a must see home. ..

10. 2015-10-11
    listed $189,900 324-char remark

    Show marketing remark (324 chars)

    Beautiful 4Br. 2 1/2 ba. HUGE single home with New kitchen with stainless steel appliances, Granite counters * Recessed lights * Hardwood floors * HUGE fenced yard with off street parking * Master Bedroom with full Master bath * New HVAC * New bathrooms * New carpet and so much more this is a must see home. ..

11. 2014-04-09
    soldstatus $32,000
12. 2014-04-09
    soldstatus $32,000 Sold
13. 2014-03-26
    historical
14. 2014-02-28
    listed $32,000 Active
15. 2014-02-27
    listed $32,000
16. 2014-02-06
    historical
17. 2014-02-06
    historical
18. 2014-01-27
    price
19. 2013-12-18
    price
20. 2013-11-20
    listed Active
21. 2013-11-20
    listed $24,700
22. 2012-07-06
    historical Withdrawn
23. 2012-07-06
    historical
24. 2012-06-07
    price Active
25. 2012-06-07
    status Active
26. 2012-03-29
    status Contract
27. 2012-03-12
    listed Active
28. 2012-03-12
    listed $26,500
29. 2006-09-12
    soldstatus $189,900
30. 2006-09-06
    soldstatus $189,900
31. 2006-07-31
    historical
32. 2006-05-17
    listed $189,900
33. 1998-04-15
    soldstatus $59,900
34. 1998-02-10
    historical
35. 1998-01-09
    listed $59,900
36. 1990-03-16
    soldstatus $65,500

ⓘ 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: $4,876 · $406/mo
• Projected year-2 tax: $4,876 · $406/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 6/10 Major 27% 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: $24,886
• − Mortgage interest: −$8,682
• − Property taxes: −$4,876
• − Insurance: −$775
• − Repairs & maintenance: −$1,991
• − Management: −$1,991
• − Depreciation: −$4,509
• Taxable income: $2,061
• Est. tax owed @ 24.0%: −$495
• After-tax cash flow: $3,760/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

+136.6% since first listed

36 events — show timeline

• 2026-04-02 Pending — BRIGHT MLS
• 2026-03-25 Relisted — BRIGHT MLS
• 2026-03-17 Pending — BRIGHT MLS
• 2026-03-10 Listed $155,000 BRIGHT MLS
• 2016-01-29 Sold (Public Records) $155,000 Public Records
• 2015-12-23 Sold (MLS) $155,000 MRIS
• 2015-12-23 Sold (MLS) $155,000 BRIGHT MLS
• 2015-10-31 Pending — MRIS
• 2015-10-12 Listed $189,900 MRIS
• 2015-10-11 Listed $189,900 BRIGHT MLS
• 2014-04-09 Sold (MLS) $32,000 MRIS
• 2014-04-09 Sold (MLS) $32,000 BRIGHT MLS
• 2014-03-26 Listing Removed — BRIGHT MLS
• 2014-02-28 Listed $32,000 MRIS
• 2014-02-27 Listed $32,000 BRIGHT MLS
• 2014-02-06 Delisted — MRIS
• 2014-02-06 Listing Removed — BRIGHT MLS
• 2014-01-27 Price Changed — MRIS
• 2013-12-18 Price Changed — MRIS
• 2013-11-20 Listed — MRIS
• 2013-11-20 Listed $24,700 BRIGHT MLS
• 2012-07-06 Delisted — MRIS
• 2012-07-06 Listing Removed — BRIGHT MLS
• 2012-06-07 Relisted — MRIS
• 2012-06-07 Price Changed — MRIS
• 2012-03-29 Pending — MRIS
• 2012-03-12 Listed — MRIS
• 2012-03-12 Listed $26,500 BRIGHT MLS
• 2006-09-12 Sold (Public Records) $189,900 Public Records
• 2006-09-06 Sold (MLS) $189,900 MRIS
• 2006-07-31 Delisted — MRIS
• 2006-05-17 Listed $189,900 MRIS
• 1998-04-15 Sold (MLS) $59,900 MRIS
• 1998-02-10 Delisted — MRIS
• 1998-01-09 Listed $59,900 MRIS
• 1990-03-16 Sold (Public Records) $65,500 Public Records

Property tax history

+4.7%/yr

Latest (2025): $4,876 · +10.8% YoY. Source: county tax records.