5 Rosedale St S · Baltimore, MD 21229

$109,900

3 bd · 1.0 ba · 1,280 sqft · Townhouse public records · 90 Days on market

Built 1940 $86/sqft · 25% below area Est $146k · 25% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

Key facts

• Front porch
• Remodeled rowhome
• Built 1940

Tags

• REMODELED ROWHOME
• FRONT PORCH
• NEW KITCHEN CABINETRY
• UPDATED FULL BATHROOMS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $110k.

Deal economics

• At list price, monthly cash flow is $618 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.0% 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 (+5.4%/yr); 256 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); 45% 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 36% 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 $760 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 + 5.4% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $4k; list at $110k implies a 2999% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $103,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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: 1.65% ✓
• Cap rate: 13.04%
• Cash-on-cash: 24.11%
• DSCR: 2.07
• GRM: 5.1

CMA / ARV

• ARV (median comp): $146,366
• List price: $109,900
• Delta: -24.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
28 S Bernice Ave	0.07mi	3/1.0	1,280 (0%)	1mo	$147,000	$115	96
5 Rosedale St S	0.00mi	3/2.0	1,280 (0%)	1mo	$110,000	$86	95
156 S Hilton St	0.26mi	4/1.5 (+1)	1,320 (+3%)	2mo	$195,000	$148	74
300 Denison St	0.48mi	3/2.0	1,260 (-2%)	2mo	$205,000	$163	70
125 S Morley St S	0.40mi	3/1.5	1,350 (+6%)	2mo	$70,000	$52	68
21 Culver St	0.42mi	2/2.0 (-1)	1,260 (-2%)	1mo	$210,000	$167	68
2516 W Fairmount Ave	0.66mi	3/1.0	1,304 (+2%)	2mo	$30,000	$23	64
3017 Frederick Ave	0.41mi	4/3.0 (+1)	1,260 (-2%)	2mo	$217,000	$172	64
222 N Hilton St	0.33mi	3/1.0	1,120 (-12%)	1mo	$89,775	$80	63
2576 W Baltimore St W	0.56mi	3/2.0	1,200 (-6%)	2mo	$152,000	$127	57
537 Longwood St	0.59mi	4/2.0 (+1)	1,176 (-8%)	0mo	$60,000	$51	50
517 N Edgewood St	0.63mi	4/2.5 (+1)	1,430 (+12%)	2mo	$90,000	$63	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: 20.2%
• Equity multiple: 1.85×
• Total profit: $26,069
• Equity at exit: $16,386

10-year hold

• IRR: 30.0%
• Equity multiple: 4.02×
• Total profit: $92,785
• Equity at exit: $9,502

Cash invested: $30,772 (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: 5.1×

Monthly cashflow live

• Estimated rent: $1,812 high
• Mortgage (P&I): −$576
• Tax from tax record: −$191 /mo · $2,292/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $618

Break-even live

Break-even rent $1,029

Max offer price $109,900

Occupancy floor 61%

Sensitivity live

Price	-10% $680	-5% $649	+0% $618	+5% $587	+10% $556
Rent	-10% $475	-5% $547	+0% $618	+5% $690	+10% $761
Rate	-1.0pp $674	-0.5pp $646	base $618	+0.5pp $590	+1.0pp $561

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	0.23mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	0.24mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	24d	1	0.29mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	21d	1	0.44mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	24d	1	0.49mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	5d	1	0.52mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	5d	1	0.54mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	44d	1	0.56mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	24d	1	0.62mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	44d	1	0.62mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	44d	1	0.62mi
3706 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1540	$1,350	$0.88	44d	1	0.63mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	44d	1	0.65mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	44d	1	0.65mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	24d	1	0.68mi
110 S Catherine St Unit 1 Baltimore, MD	2.0	1.0	1330	$1,500	$1.13	44d	1	0.69mi
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	44d	1	0.70mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	44d	1	0.72mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	44d	1	0.72mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	24d	1	0.73mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	44d	1	0.74mi
2738 Wilkens Ave Baltimore, MD	3.0	1.0	1183	$1,500	$1.27	44d	1	0.75mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	0.76mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	44d	1	0.77mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	24d	1	0.77mi
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	5d	1	0.77mi
2671 Saint Benedict St Baltimore, MD	2.0	1.0	1144	$1,325	$1.16	44d	1	0.77mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	0.78mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	24d	1	0.79mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	44d	1	0.82mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	18d	1	0.84mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	24d	1	0.84mi
2509 Christian St Baltimore, MD	4.0	2.0	1248	$1,699	$1.36	4d	1	0.86mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	44d	1	0.86mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	24d	1	0.87mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	24d	1	0.87mi
941 Brunswick St Baltimore, MD	3.0	1.5	1516	$1,650	$1.09	18d	1	0.88mi
941 Brunswick St Baltimore, MD	3.0	1.5	1558	$1,600	$1.03	44d	1	0.88mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	11d	1	0.88mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	44d	1	0.88mi

Listing history 18 events

1. 2026-05-15
   status Pending 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

2. 2026-05-06
   status Active 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

3. 2026-04-09
   status Pending 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

4. 2026-03-25
   price $109,900 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

5. 2026-03-06
   price $119,900 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

6. 2026-03-04
   status Active 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

7. 2026-02-20
   status Pending 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

8. 2026-02-06
   price $129,900 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

9. 2026-01-06
   listed $139,900 Active 276-char remark

   Show marketing remark (276 chars)

   This remodeled rowhome with front porch awaits you in West Baltimore. This one has been updated top to bottom with all new flooring, paint, and is awaiting some finish work. New kitchen cabinetry, counters, and appliances. Two updated full bathrooms, convenient to everything.

10. 2025-11-20
    historical
11. 2025-10-30
    price $165,000
12. 2025-08-29
    price $170,000
13. 2025-07-31
    price $174,000
14. 2025-07-07
    price $179,000
15. 2025-05-14
    price $182,000
16. 2025-04-02
    price $184,000
17. 2025-03-11
    listed $185,000 Active
18. 2020-10-23
    soldstatus $3,546

ⓘ 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: $2,292 · $191/mo
• Projected year-2 tax: $2,292 · $191/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: $21,742
• − Mortgage interest: −$6,156
• − Property taxes: −$2,292
• − Insurance: −$550
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$3,197
• Taxable income: $6,069
• Est. tax owed @ 24.0%: −$1,456
• After-tax cash flow: $5,962/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

+2999.3% since first listed

18 events — show timeline

• 2026-05-15 Pending — BRIGHT MLS
• 2026-05-06 Relisted — BRIGHT MLS
• 2026-04-09 Pending — BRIGHT MLS
• 2026-03-25 Price Changed $109,900 BRIGHT MLS
• 2026-03-06 Price Changed $119,900 BRIGHT MLS
• 2026-03-04 Relisted — BRIGHT MLS
• 2026-02-20 Pending — BRIGHT MLS
• 2026-02-06 Price Changed $129,900 BRIGHT MLS
• 2026-01-06 Listed $139,900 BRIGHT MLS
• 2025-11-20 Listing Removed — BRIGHT MLS
• 2025-10-30 Price Changed $165,000 BRIGHT MLS
• 2025-08-29 Price Changed $170,000 BRIGHT MLS
• 2025-07-31 Price Changed $174,000 BRIGHT MLS
• 2025-07-07 Price Changed $179,000 BRIGHT MLS
• 2025-05-14 Price Changed $182,000 BRIGHT MLS
• 2025-04-02 Price Changed $184,000 BRIGHT MLS
• 2025-03-11 Listed $185,000 BRIGHT MLS
• 2020-10-23 Sold (Public Records) $3,546 Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,292 · +14.5% YoY. Source: county tax records.