222 Baltimore Ave · Dundalk, MD 21222

$255,000

5 bd · 1.0 ba · 1,410 sqft · Townhouse public records · 1 Days on market

Built 1908 Est $233k · 10% over

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Why this score? — see what drove the D+ 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 +20.0/30.0
• DSCR +6.4/10.0
• 1% rule +4.7/10.0
• Livability +4.2/5.0
• ARV discount +3.2/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming three bedroom townhome located in the heart of Dundalk! This well-maintained property offers comfortable living spaces and a convenient location. The main level features a spacious living room with plenty of natural light, perfect for entertaining guests. The kitchen is equipped with modern appliances, ample cabinet space, and a cozy work space perfect for a computer/work station. There's also a convenient half bathroom on the main level for added convenience! Upstairs, you'll find three bedrooms, each with good closet space and natural lighting. The full bathroom on the upper level is well-appointed and easily accessible to all bedrooms. The lower level is unfinished but provides plenty of storage space and a newer washer/dryer. Outside, you'll find a new concrete parking pad and a spacious yard, ideal for relaxing or hosting summer barbecues. This home is ideally situated near shopping, dining, and all major commuter routes, offering the perfect blend of convenience and comfort. Schedule your showing today!

Key facts

• Gourmet kitchen
• Major renovations
• End-of-row townhouse

Tags

• SAINT HELENA NEIGHBORHOOD
• END-OF-ROW TOWNHOUSE
• MAJOR RENOVATIONS
• SPACIOUS OPEN FLOOR PLAN
• FULLY FINISHED BASEMENT
• GOURMET KITCHEN

Property features AI

Finance

• Other: Pets allowed with no pet restrictions

Exterior

• Parking: Alley access; Driveway; Off-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Electric hot water
• Home design: End of row townhouse; Estimated major remodel in 2025; Fee simple ownership
• Construction: Block construction; Block and brick/mortar foundation; Building not winterized
• Exterior features: Fully finished basement with interior access and outside entrance; Below-grade finished area approximately 700; Above-grade finished area approximately 1,400; Not in a federal flood zone; Municipal trash service

Interior

• Kitchen: Stainless steel appliances
• Bedrooms: Three bedrooms on the first upper level; Two bedrooms on the first lower level
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: 90% forced air heating; Central heating fuel; Central air conditioning; Ceiling fan cooling; Electric hot water
• Interior features: Ceiling fans; Open floor plan with combined dining and living area

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath townhouse listed at $255k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (3.2% below list).
• Recommended offer: $247k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 6.2% in Dundalk — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 85/100 on livability (#16 in MD, #510 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents soft (-0.1%/yr); 236 active listings in the ZIP; 4 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; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• At $2,468/mo this rent would consume 46% of the median local household income ($64k/yr) (locally 2566% 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y 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 1908 — 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 $246,817 (3.2% below list)

Questions for the listing agent

1. Built in 1908 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.97% ✗
• Cap rate: 7.77%
• Cash-on-cash: 5.29%
• DSCR: 1.24
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $232,650
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
139 Ventnor Ter	0.10mi	5/2.0	1,424 (+1%)	15mo	$227,500	$160	77
78 N Dundalk	0.28mi	4/2.0 (-1)	1,545 (+10%)	3mo	$245,000	$159	60
6785 Woodley Rd	0.30mi	4/2.0 (-1)	1,414 (+0%)	22mo	$233,000	$165	58
21 Township Rd	0.35mi	4/2.5 (-1)	1,316 (-7%)	12mo	$279,000	$212	51

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.3%
• Equity multiple: 0.60×
• Total profit: $-28,540
• Equity at exit: $38,021

10-year hold

• IRR: -6.8%
• Equity multiple: 0.62×
• Total profit: $-27,147
• Equity at exit: $22,048

Cash invested: $71,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21222

• Rents YoY: -0.1%
• Active inventory: 236
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,468 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$191 /mo · $2,298/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $315

Break-even live

Break-even rent $2,070

Max offer price $255,000

Occupancy floor 82%

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
78 N Dundalk Ave Dundalk, MD	4.0	2.0	1545	$2,200	$1.42	23d	1	0.30mi
3413 Yardley Dr Dundalk, MD	4.0	2.0	1185	$2,400	$2.03	43d	1	1.05mi
6600 Marne Ave Baltimore, MD	5.0	2.0	1215	$2,750	$2.26	1d	1	1.25mi
1533 Leslie Rd Dundalk, MD	4.0	1.0	1270	$2,000	$1.57	43d	1	1.27mi

Listing history 2 events

1. 2026-06-17
   remarks 699-char remark
2. 2026-06-17
   listed $255,000 Active 1 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: $2,298 · $191/mo
• Projected year-2 tax: $2,539 · $212/mo
• Expected delta: +$241/yr (+$20/mo · 10.5%)

ⓘ 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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,618
• − Mortgage interest: −$14,284
• − Property taxes: −$2,298
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,369
• − Management: −$2,369
• − Depreciation: −$7,418
• Taxable loss: −$396
• Est. tax savings @ 24.0%: +$95
• After-tax cash flow: $3,874/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 County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Dundalk

• Score: 85/100
• State rank: #16
• US rank: #510

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C+ Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dundalk, MD
• County: Baltimore County · 769,527 people
• City population: 59,407
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 59,407
• Household income: $64,141
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 2566.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Black 18% Hispanic / Latino 15% Two or more races 7% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 85% English-only · Spanish 11% Other Indo-European 2% Arabic 1%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -251.44%
• Current HPI: 228.4218
• Rent YoY: ▼ -0.09%
• 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

+420.4% since first listed

7 events — show timeline

• 2026-06-17 Listed $255,000 BRIGHT MLS
• 2024-04-16 Sold (Public Records) $224,000 Public Records
• 2024-03-27 Sold (MLS) $224,000 BRIGHT MLS
• 2024-02-24 Contingent — BRIGHT MLS
• 2024-02-15 Listed $219,900 BRIGHT MLS
• 2024-01-25 Coming Soon $219,900 BRIGHT MLS
• 1993-12-27 Sold (Public Records) $49,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $2,298 · -1.6% YoY. Source: county tax records.