308 S Stricker St · Baltimore, MD 21223

$79,900

3 bd · 1.5 ba · 1,680 sqft · Townhouse · 240 Days on market

Built 1915 1,036 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Recently updated 3 level townhome residence located in the Union Square neighborhood. Main level offers a living room/dining room , half-bath and eat-in-kitchen. Kitchen has been updated w/ tiled flooring, shaker style white cabinets and granite counter tops. 2nd level features 1 bedroom and 1 updated full bathroom w/ new vanity, tiled flooring & tiled shower, soaking tub, and closet for stackable laundry. The 3rd level offers 2 additional bedrooms. Unfinished lower level for storage space. Updates include: New HVAC, Fresh Paint, Water Heater, Electrical and Roof. Under 2 miles from Oriole Park at Camden Yards and M & T Bank Stadium. * * * * * * * This property is now active

Key facts

• Tiled flooring
• New vanity
• Updated kitchen

Tags

• UPDATED KITCHEN
• TILED FLOORING
• SHAKER STYLE CABINETS
• GRANITE COUNTER TOPS
• UPDATED FULL BATHROOM
• NEW VANITY

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 $925 ($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 20.2% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,852/mo this rent would consume 48% 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 $552 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 240 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 25y ago; this cycle's ask has dropped $110k (58%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1915 — 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 240 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 1915 — 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: 2.32% ✓
• Cap rate: 20.19%
• Cash-on-cash: 49.61%
• DSCR: 3.21
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $250,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
308 S Stricker St	0.00mi	3/1.5	1,680 (0%)	1mo	$62,740	$37	99
1313 James St	0.32mi	2/1.5 (-1)	1,736 (+3%)	2mo	$105,700	$61	73
901 Washington Blvd	0.53mi	3/3.5	1,656 (-1%)	1mo	$219,000	$132	64
1403 S Carey St	0.52mi	3/3.0	1,757 (+5%)	0mo	$249,900	$142	62
1109 S Carey St	0.33mi	3/2.0	1,478 (-12%)	2mo	$219,900	$149	61
302 Scott St	0.63mi	3/2.5	1,640 (-2%)	2mo	$360,000	$220	61
1057 W Barre St	0.70mi	4/2.5 (+1)	1,665 (-1%)	0mo	$270,000	$162	56
1138 Cleveland St	0.54mi	2/2.5 (-1)	1,768 (+5%)	2mo	$215,000	$122	56
739 Mchenry St	0.69mi	3/3.0	1,632 (-3%)	2mo	$279,900	$172	55
2211 W Pratt St	0.58mi	3/1.0	1,500 (-11%)	2mo	$30,000	$20	52
207 Roundhouse Ct	0.62mi	3/2.5	1,890 (+12%)	0mo	$290,000	$153	46
877 Ryan St	0.53mi	4/3.5 (+1)	1,919 (+14%)	2mo	$365,000	$190	37

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: 52.3%
• Equity multiple: 3.45×
• Total profit: $54,773
• Equity at exit: $11,913

10-year hold

• IRR: 59.3%
• Equity multiple: 8.30×
• Total profit: $163,219
• Equity at exit: $6,908

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 21223

• Rents YoY: 7.5%
• Active inventory: 422
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,852 high
• Mortgage (P&I): −$419
• Tax from tax record: −$86 /mo · $1,033/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $925

Break-even live

Break-even rent $682

Max offer price $79,900

Occupancy floor 45%

Sensitivity live

Price	-10% $970	-5% $948	+0% $925	+5% $902	+10% $880
Rent	-10% $779	-5% $852	+0% $925	+5% $998	+10% $1,071
Rate	-1.0pp $965	-0.5pp $945	base $925	+0.5pp $904	+1.0pp $883

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.22mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.22mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.26mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	5d	1	0.26mi
1262 Glyndon Ave Baltimore, MD	2.0	3.0	1258	$1,850	$1.47	24d	1	0.27mi
104 S Carrollton Ave Baltimore, MD	3.0	4.0	1232	$2,400	$1.95	5d	1	0.28mi
1635 Frederick Ave Baltimore, MD	3.0	2.0	1224	$1,850	$1.51	44d	1	0.29mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	5d	1	0.30mi
1303 James St Baltimore, MD	2.0	1.5	1160	$1,350	$1.16	24d	1	0.31mi
1101 S Carey St Baltimore, MD	2.0	2.0	1400	$1,200	$0.86	22d	1	0.32mi
10 S Carey St Baltimore, MD	2.0	1.0	1140	$1,550	$1.36	24d	1	0.32mi
1115 W Lombard St Baltimore, MD	3.0	1.0	1468	$2,100	$1.43	44d	1	0.33mi
1111 W Lombard St Baltimore, MD	3.0	1.0	1200	$1,295	$1.08	5d	1	0.34mi
1127 S Carey St Baltimore, MD	3.0	2.5	1340	$1,900	$1.42	5d	1	0.36mi
1253 Sargeant St Baltimore, MD	2.0	1.5	1200	$1,695	$1.41	24d	1	0.36mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	2d	1	0.39mi
1259 Washington Blvd Baltimore, MD	3.0	3.0	1232	$2,999	$2.43	5d	1	0.39mi
1243 Washington Blvd Baltimore, MD	3.0	2.0	1148	$1,950	$1.70	44d	1	0.40mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	24d	1	0.41mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	44d	1	0.41mi
1125 Washington Blvd Baltimore, MD	4.0	2.5	1200	$2,750	$2.29	18d	1	0.44mi
1912 W Baltimore St Unit 2 Baltimore, MD	2.0	1.5	1200	$2,100	$1.75	24d	1	0.46mi
1000 Hollins St Unit 1000 Hollins Baltimore, MD	3.0	2.5	1472	$2,600	$1.77	45d	1	0.47mi
1839 W Fayette St Baltimore, MD	3.0	1.5	1426	$1,675	$1.17	24d	1	0.47mi
1518 1/2 W Lexington St Baltimore, MD	2.0	2.0	1650	$1,200	$0.73	5d	1	0.48mi
913 W Lombard St Baltimore, MD	3.0	1.0	1452	$1,600	$1.10	24d	1	0.49mi
1519 Penrose Ave Baltimore, MD	3.0	2.0	1200	$1,875	$1.56	44d	1	0.50mi
110 S Poppleton St Baltimore, MD	3.0	1.5	1800	$1,900	$1.06	44d	1	0.50mi
1226 W Cross St Baltimore, MD	3.0	3.0	1551	$2,250	$1.45	44d	1	0.52mi
1205 Cleveland St Baltimore, MD	2.0	2.0	1232	$1,900	$1.54	44d	1	0.52mi
307 S Smallwood St Baltimore, MD	2.0	2.5	1400	$1,350	$0.96	44d	1	0.54mi
1132 Nanticoke St Baltimore, MD	2.0	2.5	1500	$1,875	$1.25	24d	1	0.57mi
1814 Penrose Ave Baltimore, MD	3.0	1.0	1624	$1,700	$1.05	18d	1	0.59mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$3,185	$3.07	3d	12	0.59mi
819 Ramsay St Baltimore, MD	4.0	3.5	1856	$3,000	$1.62	13d	1	0.59mi
827 Washington Blvd Baltimore, MD	3.0	1.0	1512	$2,000	$1.32	24d	1	0.61mi
508 Wyeth St Baltimore, MD	3.0	3.0	1234	$1,850	$1.50	44d	1	0.61mi
803 McHenry St Baltimore, MD	4.0	2.5	1856	$2,599	$1.40	3d	1	0.63mi
324 Scott St Baltimore, MD	4.0	2.5	1656	$3,000	$1.81	44d	1	0.64mi
1846 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1250	$1,300	$1.04	44d	1	0.64mi

Listing history 22 events

1. 2026-04-09
   status Pending
2. 2026-03-11
   price $79,900
3. 2026-02-10
   price $94,900
4. 2026-01-06
   price $114,900
5. 2025-11-26
   price $149,900
6. 2025-10-24
   price $169,900
7. 2025-09-22
   price $179,900
8. 2025-08-12
   listed $189,900 Active
9. 2025-08-12
   historical
10. 2025-08-11
    listed $72,900 Active
11. 2008-04-17
    historical
12. 2007-12-04
    price
13. 2007-10-17
    listed
14. 2007-05-25
    historical
15. 2007-05-11
    listed
16. 2006-02-24
    soldstatus $65,000
17. 2006-02-17
    soldstatus $65,000
18. 2006-01-16
    historical
19. 2005-10-14
    listed $62,000
20. 2003-01-29
    soldstatus $5,400
21. 2002-02-11
    historical
22. 2001-09-28
    listed $5,400

ⓘ 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: $1,033 · $86/mo
• Projected year-2 tax: $1,033 · $86/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 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,229
• − Mortgage interest: −$4,476
• − Property taxes: −$1,033
• − Insurance: −$400
• − Repairs & maintenance: −$1,778
• − Management: −$1,778
• − Depreciation: −$2,324
• Taxable income: $10,439
• Est. tax owed @ 24.0%: −$2,505
• After-tax cash flow: $8,594/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

+1379.6% since first listed

22 events — show timeline

• 2026-04-09 Pending — BRIGHT MLS
• 2026-03-11 Price Changed $79,900 BRIGHT MLS
• 2026-02-10 Price Changed $94,900 BRIGHT MLS
• 2026-01-06 Price Changed $114,900 BRIGHT MLS
• 2025-11-26 Price Changed $149,900 BRIGHT MLS
• 2025-10-24 Price Changed $169,900 BRIGHT MLS
• 2025-09-22 Price Changed $179,900 BRIGHT MLS
• 2025-08-12 Listing Removed — BRIGHT MLS
• 2025-08-12 Listed $189,900 BRIGHT MLS
• 2025-08-11 Listed $72,900 BRIGHT MLS
• 2008-04-17 Delisted — MRIS
• 2007-12-04 Price Changed — MRIS
• 2007-10-17 Listed — MRIS
• 2007-05-25 Delisted — MRIS
• 2007-05-11 Listed — MRIS
• 2006-02-24 Sold (Public Records) $65,000 Public Records
• 2006-02-17 Sold (MLS) $65,000 MRIS
• 2006-01-16 Delisted — MRIS
• 2005-10-14 Listed $62,000 MRIS
• 2003-01-29 Sold (MLS) $5,400 MRIS
• 2002-02-11 Delisted — MRIS
• 2001-09-28 Listed $5,400 MRIS

Property tax history

-0.4%/yr

Latest (2025): $1,033 · +2.3% YoY. Source: county tax records.