3704 Saint Margaret St · Baltimore, MD 21225

$130,000

2 bd · 1.0 ba · 1,134 sqft · Townhouse public records · 4 Days on market

Built 1942 Est $147k · 12% under

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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 +25.0/30.0
• ARV discount +12.8/15.0
• DSCR +8.1/10.0
• 1% rule +7.1/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

PERFECT FOR FIRST TIME HOME BUYER OR INVESTOR! Lifetime lead cert. 2 br/1 ba, finished basement. Laminate floors throughout. Fenced yard. Pkg pad. Helpful neighbors. Systems well maintained by current owner. Close to transportation & major commuter routes. Move in or rent it out- This house is move-in READY. MOTIVATED SELLER will consider all offers.

Key facts

• Custom tile work
• Updated kitchen
• Fenced front yard

Tags

• HARDWOOD FLOORS
• UPDATED KITCHEN
• CUSTOM TILE WORK
• FINISHED LOWER LEVEL
• FENCED FRONT YARD
• PRIVATE REAR PARKING PAD

Property features AI

Finance

• Other: Below-grade finished and unfinished areas (per assessor)
• HOA & community: Ground rent paid annually

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Municipal trash service; Natural gas for heating and hot water; Electric for cooling
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in very good condition
• Construction: Brick construction; Block foundation; Rubber roof; Above-grade and below-grade structures; Building not winterized; Year built (source: Assessor)
• Exterior features: Not in a federal flood zone; Urban location; Bus stop within 1 mile; Airport within 10 miles

Interior

• Kitchen: Dishwasher; Gas oven/range; Refrigerator
• Bedrooms: Two bedrooms on the first upper level; Bedroom 1; Bedroom 2
• Flooring: Hardwood
• Bathrooms: One full bathroom (all upper levels)
• Heating & cooling: Radiator heating (natural gas); Window air conditioning units (electric)
• Interior features: Dining area; Traditional floor plan; Plaster walls; Basement with interior access
• Laundry & utility: Water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 8.9% 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 (+4.1%/yr); 165 active listings in the ZIP; 32 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 35% of the median local income ($54k/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 $899 of loan paydown is wiped out by about $4k 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 + 4.1% rent growth), your $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 27y ago; this cycle's ask is 210% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $39k; list at $130k implies a 233% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — 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 $130,000

Questions for the listing agent

1. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.21% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.31%
• DSCR: 1.41
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $147,420
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3731 10th St	0.05mi	2/1.0	1,041 (-8%)	3mo	$125,000	$120	82
916 Jack St	0.21mi	3/1.5 (+1)	1,116 (-2%)	1mo	$145,000	$130	80
3712 8th St	0.25mi	2/1.5	1,088 (-4%)	0mo	$60,000	$55	79
4009 8th St	0.32mi	2/2.5	1,088 (-4%)	2mo	$223,000	$205	71
3948 Brooklyn Ave	0.40mi	3/1.5 (+1)	1,080 (-5%)	0mo	$90,000	$83	66
3507 4th St	0.62mi	2/1.0	1,102 (-3%)	2mo	$50,000	$45	65
3541 3rd St	0.68mi	2/1.5	1,190 (+5%)	2mo	$167,500	$141	56
3511 6th St	0.45mi	2/2.0	1,294 (+14%)	2mo	$140,000	$108	50
4132 Doris Ave	0.51mi	3/1.5 (+1)	992 (-12%)	1mo	$215,000	$217	47
4144 Townsend Ave	0.54mi	3/1.5 (+1)	992 (-12%)	3mo	$90,100	$91	45
1326 Cypress St	0.67mi	3/1.5 (+1)	1,254 (+11%)	1mo	$226,000	$180	43
516 Arsan Ave	0.54mi	3/3.0 (+1)	1,294 (+14%)	2mo	$190,000	$147	36

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 · 4.08% rent growth · sell at horizon

5-year hold

• IRR: -0.9%
• Equity multiple: 0.96×
• Total profit: $-1,283
• Equity at exit: $19,383

10-year hold

• IRR: 10.0%
• Equity multiple: 1.81×
• Total profit: $29,570
• Equity at exit: $11,240

Cash invested: $36,400 (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 21225

• Home prices YoY: -31.9%
• Rents YoY: 4.1%
• Active inventory: 165
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,577 high
• Mortgage (P&I): −$682
• Tax from tax record: −$228 /mo · $2,733/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $282

Break-even live

Break-even rent $1,220

Max offer price $130,000

Occupancy floor 77%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1049 E Patapsco Ave Unit a Baltimore, MD	2.0	1.0	748	$1,257	$1.68	43d	1	0.10mi
3816 W Bay Ave Unit 1 Baltimore, MD	2.0	1.0	1364	$1,155	$0.85	3d	1	0.11mi
3826 10th St Unit Entire House Baltimore, MD	3.0	2.0	1110	$2,400	$2.16	23d	1	0.12mi
3828 10th St Brooklyn, MD	3.0	2.0	1215	$2,350	$1.93	43d	1	0.12mi
837 E Jeffrey St Apt 1 Baltimore, MD	1.0	1.0	1116	$900	$0.81	17d	1	0.21mi
837 E Jeffrey St Unit 2 Baltimore, MD	1.0	1.0	1116	$900	$0.81	43d	1	0.21mi
1305 E Patapsco Ave Brooklyn, MD	3.0	1.5	930	$1,650	$1.77	4d	1	0.21mi
1353 Cambria St Brooklyn, MD	3.0	2.0	986	$1,600	$1.62	17d	1	0.27mi
3840 8th St Brooklyn, MD	3.0	1.5	1088	$1,606	$1.48	4d	1	0.29mi
1517 Sycamore St Curtis Bay, MD	3.0	1.5	1210	$1,999	$1.65	23d	1	0.39mi
603 Maude Ave Unit A Baltimore, MD	1.0	1.0	1294	$950	$0.73	4d	1	0.43mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	20d	1	0.44mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	23d	1	0.44mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	4d	1	0.44mi
3428 7th St Unit B Baltimore, MD	1.0	1.0	1294	$1,150	$0.89	43d	1	0.45mi
3528 6th St Brooklyn, MD	2.0	2.5	1060	$1,500	$1.42	17d	1	0.45mi
4201 Audrey Ave Unit 1 Brooklyn, MD	2.0	1.0	1400	$1,350	$0.96	23d	1	0.54mi
4206 Audrey Ave Brooklyn, MD	2.0	2.0	1104	$1,275	$1.15	43d	1	0.55mi
4206 Audrey Ave Brooklyn, MD	3.0	3.0	1104	$1,950	$1.77	23d	1	0.55mi
1628 Plum St Apt B (CB) Baltimore, MD	1.0	1.0	800	$850	$1.06	23d	1	0.55mi
520 Baltic Ave Unit B Baltimore, MD	1.0	1.0	800	$1,050	$1.31	43d	1	0.56mi
3569 4th St Brooklyn, MD	2.0	1.5	1256	$1,200	$0.96	17d	1	0.58mi
1411 Filbert St Unit 2 Baltimore, MD	2.0	1.0	1428	$1,300	$0.91	43d	1	0.62mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	17d	1	0.65mi
5215 Wasena Ave Brooklyn, MD	3.0	1.0	1030	$1,650	$1.60	43d	1	0.72mi
4400 4th St Unit BASEMENT Baltimore, MD	2.0	1.0	925	$1,350	$1.46	43d	1	0.73mi
4207 3rd St Unit 3 Brooklyn, MD	2.0	1.0	850	$1,595	$1.88	4d	1	0.76mi
5227 Patrick Henry Dr Brooklyn, MD	2.0	1.0	736	$1,326	$1.80	21d	1	0.81mi
1 Ballman Ct Unit 2 Baltimore, MD	2.0	1.0	700	$1,250	$1.79	43d	1	0.89mi
49 Talbott St Brooklyn, MD	2.0	1.0	1300	$1,300	$1.00	23d	1	0.96mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	23d	1	1.13mi
303 Arden Rd W Brooklyn, MD	3.0	2.0	1388	$2,500	$1.80	17d	1	1.18mi

Listing history 9 events

1. 2026-06-18
   days on market $130,000 Active 4 DOM
2. 2026-06-17
   days on market $130,000 Active 3 DOM
3. 2026-06-16
   days on market $130,000 Active 2 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   pricestatusdays on marketlisting id $130,000 Active 1 DOM
6. 2026-06-09
   days on market $149,000 Coming Soon 4 DOM
7. 2026-06-08
   days on market $149,000 Coming Soon 3 DOM
8. 2026-06-07
   remarks 422-char remark
9. 2026-06-07
   listed $149,000 Coming Soon 2 DOM

ⓘ 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: $2,733 · $228/mo
• Projected year-2 tax: $2,733 · $228/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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,928
• − Mortgage interest: −$7,282
• − Property taxes: −$2,733
• − Insurance: −$650
• − Repairs & maintenance: −$1,514
• − Management: −$1,514
• − Depreciation: −$3,782
• Taxable income: $1,452
• Est. tax owed @ 24.0%: −$349
• After-tax cash flow: $3,040/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: Anne Arundel County · 535,653 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,062
• Household income: $54,020
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 1440.0

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 0.68)
• Race & ethnicity: Black 42% White 32% Hispanic / Latino 20% Two or more races 8% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 1% Iranian 1%
• Foreign-born: 12% · Canada, China
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -119.44%
• Current HPI: 254.5089
• Rent YoY: ▲ 4.08%
• 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

+325.7% since first listed

24 events — show timeline

• 2026-06-05 Coming Soon $149,000 BRIGHT MLS
• 2017-09-07 Sold (MLS) $39,000 MRIS
• 2017-09-07 Sold (MLS) $39,000 BRIGHT MLS
• 2017-07-13 Pending — MRIS
• 2017-06-28 Price Changed $39,000 MRIS
• 2017-06-27 Price Changed $43,000 MRIS
• 2017-05-13 Price Changed $40,000 MRIS
• 2017-01-31 Listed $42,000 MRIS
• 2017-01-31 Listed $39,000 BRIGHT MLS
• 2013-12-20 Sold (MLS) $20,000 MRIS
• 2013-12-20 Sold (MLS) $20,000 BRIGHT MLS
• 2013-12-04 Pending — MRIS
• 2013-12-02 Listing Removed — BRIGHT MLS
• 2013-11-05 Price Changed $23,900 MRIS
• 2013-10-04 Listed $27,900 MRIS
• 2013-10-02 Listed $23,900 BRIGHT MLS
• 2005-02-07 Sold (Public Records) $33,000 Public Records
• 2005-02-01 Sold (MLS) $33,000 MRIS
• 2005-01-07 Delisted — MRIS
• 2004-03-14 Listed $35,000 MRIS
• 2000-06-22 Delisted — MRIS
• 2000-04-07 Listed — MRIS
• 2000-01-28 Delisted — MRIS
• 1999-07-14 Listed — MRIS

Property tax history

+3.7%/yr

Latest (2025): $2,733 · +8.4% YoY. Source: county tax records.