2624 Mura St · Baltimore, MD 21213

$79,900

3 bd · 1.5 ba · 712 sqft · Townhouse public records · 206 Days on market

Built 1936 1,450 sqft lot $112/sqft · 17% below area Est $126k · 37% under

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Why this score? — see what drove the A- 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

End-of-row home with incredible potential! This 3-bedroom property features a tall, stand-up basement, freshly painted walls, and a spacious backyard—perfect for outdoor living or future expansion. The owner began renovations but wasn’t able to finish, giving you the opportunity to complete it exactly the way you want. Located in a quiet, friendly neighborhood, this home is priced well below market value and truly priced to sell. Whether you’re an investor looking to add to your rental portfolio or a buyer who wants to own a home with a mortgage payment lower than rent, this is a rare opportunity you don’t want to miss.

Key facts

• Spacious backyard
• Stand-up basement
• Built 1936

Tags

• STAND-UP BASEMENT
• SPACIOUS BACKYARD
• QUIET FRIENDLY NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $80k.

Deal economics

• At list price, monthly cash flow is $938 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.4% 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 (+5.2%/yr); 319 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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).
• This rent runs 44% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $98 of equity ($552 loan paydown + $-454 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 27y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $57k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1936 — 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 $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1936 — 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: 2.33% ✓
• Cap rate: 20.39%
• Cash-on-cash: 50.34%
• DSCR: 3.24
• GRM: 3.6

CMA / ARV

• ARV (median comp): $126,353
• List price: $79,900
• Delta: -36.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2305 Ashland Ave	0.40mi	3/1.0	616 (-14%)	4mo	$78,000	$127	54
506 N Patterson Park Ave	0.65mi	3/1.5	640 (-10%)	8mo	$78,000	$122	46
1614 N Port St	0.34mi	3/1.0	800 (+12%)	20mo	$25,000	$31	45
220 N Port St N	0.74mi	2/1.0 (-1)	792 (+11%)	15mo	$98,000	$124	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 53.4%
• Equity multiple: 3.67×
• Total profit: $59,655
• Equity at exit: $20,957

10-year hold

• IRR: 57.3%
• Equity multiple: 7.96×
• Total profit: $155,682
• Equity at exit: $23,464

Cash invested: $22,372 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,864 high
• Mortgage (P&I): −$419
• Tax from tax record: −$82 /mo · $986/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $938

Break-even live

Break-even rent $677

Max offer price $79,900

Occupancy floor 45%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	23d	1	0.30mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	23d	1	0.35mi
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	4d	1	0.62mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	43d	1	0.86mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	43d	1	1.20mi
520 Somerset St Baltimore, MD	1.0–2.0	1.0–2.0	634	$1,578	$2.49	43d	1	1.31mi
305 S Collington Ave Baltimore, MD	3.0	2.5	722	$2,895	$4.01	17d	1	1.31mi

Listing history 50 events

1. 2026-06-18
   days on market $79,900 Active 206 DOM
2. 2026-06-17
   days on market $79,900 Active 205 DOM
3. 2026-06-16
   days on market $79,900 Active 204 DOM
4. 2026-06-15
   days on market $79,900 Active 203 DOM
5. 2026-06-13
   days on market $79,900 Active 201 DOM
6. 2026-06-09
   days on market $79,900 Active 197 DOM
7. 2026-06-08
   days on market $79,900 Active 196 DOM
8. 2026-06-07
   days on market $79,900 Active 195 DOM
9. 2026-06-04
   days on market $79,900 Active 192 DOM
10. 2026-06-03
    days on market $79,900 Active 191 DOM
11. 2026-06-02
    days on market $79,900 Active 190 DOM
12. 2026-06-01
    days on market $79,900 Active 189 DOM
13. 2026-05-31
    days on market $79,900 Active 188 DOM
14. 2026-03-04
    price $79,900 651-char remark

    Show marketing remark (651 chars)

    End-of-row home with incredible potential! This 3-bedroom property features a tall, stand-up basement, freshly painted walls, and a spacious backyard—perfect for outdoor living or future expansion. The owner began renovations but wasn’t able to finish, giving you the opportunity to complete it exactly the way you want. Located in a quiet, friendly neighborhood, this home is priced well below market value and truly priced to sell. Whether you’re an investor looking to add to your rental portfolio or a buyer who wants to own a home with a mortgage payment lower than rent, this is a rare opportunity you don’t want to miss.

15. 2025-11-24
    listed $85,000 Active 651-char remark

    Show marketing remark (651 chars)

    End-of-row home with incredible potential! This 3-bedroom property features a tall, stand-up basement, freshly painted walls, and a spacious backyard—perfect for outdoor living or future expansion. The owner began renovations but wasn’t able to finish, giving you the opportunity to complete it exactly the way you want. Located in a quiet, friendly neighborhood, this home is priced well below market value and truly priced to sell. Whether you’re an investor looking to add to your rental portfolio or a buyer who wants to own a home with a mortgage payment lower than rent, this is a rare opportunity you don’t want to miss.

16. 2025-10-23
    historical
17. 2025-10-03
    listed $85,900 Active
18. 2025-09-13
    historical
19. 2025-09-10
    price $81,999
20. 2025-08-28
    price $84,999
21. 2025-08-11
    listed $90,000 Active
22. 2023-01-31
    soldstatus $56,966
23. 2023-01-10
    soldstatus $115,000
24. 2019-12-11
    soldstatus $63,900
25. 2019-08-10
    soldstatus $60,000 Closed
26. 2019-06-25
    listed $52,000 Active
27. 2019-05-07
    historical
28. 2019-04-26
    status Active
29. 2019-03-21
    historical
30. 2019-03-21
    status Active
31. 2019-03-21
    historical
32. 2018-04-17
    price $52,000
33. 2018-04-17
    status Active
34. 2018-04-09
    status Pending
35. 2018-04-09
    historical
36. 2018-04-04
    status Active
37. 2018-03-27
    status Pending
38. 2018-03-11
    listed $45,000 Active
39. 2017-01-23
    historical
40. 2017-01-23
    historical Expired
41. 2016-04-23
    listed Active
42. 2016-04-22
    listed $45,000
43. 2015-06-11
    historical
44. 2015-06-05
    soldstatus $17,400
45. 2015-06-05
    soldstatus $17,400 Sold
46. 2015-05-11
    status Contract
47. 2015-03-11
    listed $14,800 Active
48. 2015-03-11
    listed $14,800
49. 2000-04-14
    soldstatus $17,500
50. 2000-02-14
    historical

ⓘ 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: $986 · $82/mo
• Projected year-2 tax: $986 · $82/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: $22,374
• − Mortgage interest: −$4,476
• − Property taxes: −$986
• − Insurance: −$400
• − Repairs & maintenance: −$1,790
• − Management: −$1,790
• − Depreciation: −$2,324
• Taxable income: $10,608
• Est. tax owed @ 24.0%: −$2,546
• After-tax cash flow: $8,715/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+301.5% since first listed

38 events — show timeline

• 2026-03-04 Price Changed $79,900 BRIGHT MLS
• 2025-11-24 Listed $85,000 BRIGHT MLS
• 2025-10-23 Listing Removed — BRIGHT MLS
• 2025-10-03 Listed $85,900 BRIGHT MLS
• 2025-09-13 Listing Removed — BRIGHT MLS
• 2025-09-10 Price Changed $81,999 BRIGHT MLS
• 2025-08-28 Price Changed $84,999 BRIGHT MLS
• 2025-08-11 Listed $90,000 BRIGHT MLS
• 2023-01-31 Sold (Public Records) $56,966 Public Records
• 2023-01-10 Sold (Public Records) $115,000 Public Records
• 2019-12-11 Sold (Public Records) $63,900 Public Records
• 2019-08-10 Sold (MLS) $60,000 BRIGHT MLS
• 2019-06-25 Listed $52,000 BRIGHT MLS
• 2019-05-07 Listing Removed — BRIGHT MLS
• 2019-04-26 Relisted — BRIGHT MLS
• 2019-03-21 Listing Removed — BRIGHT MLS
• 2019-03-21 Relisted — BRIGHT MLS
• 2019-03-21 Listing Removed — BRIGHT MLS
• 2018-04-17 Price Changed $52,000 BRIGHT MLS
• 2018-04-17 Relisted — BRIGHT MLS
• 2018-04-09 Pending — BRIGHT MLS
• 2018-04-09 Listing Removed — BRIGHT MLS
• 2018-04-04 Relisted — BRIGHT MLS
• 2018-03-27 Pending — BRIGHT MLS
• 2018-03-11 Listed $45,000 BRIGHT MLS
• 2017-01-23 Delisted — MRIS
• 2017-01-23 Listing Removed — BRIGHT MLS
• 2016-04-23 Listed — MRIS
• 2016-04-22 Listed $45,000 BRIGHT MLS
• 2015-06-11 Listing Removed — BRIGHT MLS
• 2015-06-05 Sold (MLS) $17,400 MRIS
• 2015-06-05 Sold (MLS) $17,400 BRIGHT MLS
• 2015-05-11 Pending — MRIS
• 2015-03-11 Listed $14,800 MRIS
• 2015-03-11 Listed $14,800 BRIGHT MLS
• 2000-04-14 Sold (MLS) $17,500 MRIS
• 2000-02-14 Delisted — MRIS
• 1999-10-08 Listed $19,900 MRIS

Property tax history

+5.2%/yr

Latest (2025): $986 · +9.6% YoY. Source: county tax records.