307 S Baylis St · Baltimore, MD 21224

$170,000

2 bd · 1.0 ba · 1,080 sqft · Townhouse public records · 58 Days on market

Built 1920 $157/sqft · 20% below area Est $213k · 20% 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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.9/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a beautiful and spacious home in the heart of Highlandtown. This two-story house is perfect for the first time home buyer or for an investor seeking to add to their portfolio. The main level features hardwood floors, nicely sized living room, a half bath for guest, an eat-in kitchen and large windows for natural lighting. The kitchen has a door that leads you to your private fenced in yard. The upper level has two equally sized bedrooms, a full bath and laundry. Enjoy outdoor living on the private backyard patio—perfect for relaxing or entertaining. Conveniently located just steps away from Highlandtown’s vibrant restaurants, shopping, and city attractions, this home offers the perfect blend of charm and urban living.

Key facts

• Outdoor living
• Built 1920
• Listed 58 days

Tags

• PRIVATE FENCED IN YARD
• OUTDOOR LIVING
• PRIVATE BACKYARD PATIO
• STEPS AWAY FROM RESTAURANTS
• STEPS AWAY FROM SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $378 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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 (+1.3%/yr); 391 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); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 25y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; list at $170k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $164,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.19% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.54%
• DSCR: 1.42
• GRM: 7.0

CMA / ARV

• ARV (median comp): $212,528
• List price: $170,000
• Delta: -20.01%
• 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
309 S Fagley St	0.19mi	2/2.0	1,030 (-5%)	1mo	$225,000	$218	79
14 S Curley St	0.47mi	2/1.0	1,092 (+1%)	1mo	$269,000	$246	75
806 S Bouldin St	0.38mi	2/2.5	1,080 (0%)	1mo	$360,000	$333	75
2731 Fait Ave	0.62mi	2/2.0	1,097 (+2%)	0mo	$285,000	$260	64
2933 Hudson St	0.55mi	2/2.0	1,120 (+4%)	1mo	$235,000	$210	64
149 N Highland Ave	0.46mi	2/1.0	1,170 (+8%)	1mo	$75,000	$64	64
111 N Highland Ave	0.40mi	3/1.5 (+1)	1,170 (+8%)	1mo	$105,000	$90	59
922 S Bouldin St	0.46mi	2/2.0	1,202 (+11%)	1mo	$352,000	$293	55
134 N Curley St	0.58mi	2/2.0	1,170 (+8%)	1mo	$270,000	$231	54
122 Ellwood Ave	0.50mi	3/1.5 (+1)	1,200 (+11%)	0mo	$235,000	$196	51
621 Ponca St	0.74mi	3/2.0 (+1)	1,116 (+3%)	1mo	$300,000	$269	50
3135 Mcelderry St	0.71mi	3/2.0 (+1)	1,224 (+13%)	1mo	$234,000	$191	34

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.86×
• Total profit: $-6,772
• Equity at exit: $25,348

10-year hold

• IRR: 3.7%
• Equity multiple: 1.25×
• Total profit: $11,947
• Equity at exit: $14,698

Cash invested: $47,600 (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 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,025 high
• Mortgage (P&I): −$891
• Tax from tax record: −$259 /mo · $3,110/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $378

Break-even live

Break-even rent $1,546

Max offer price $170,000

Occupancy floor 76%

Sensitivity live

Price	-10% $475	-5% $427	+0% $378	+5% $330	+10% $282
Rent	-10% $218	-5% $298	+0% $378	+5% $458	+10% $538
Rate	-1.0pp $464	-0.5pp $422	base $378	+0.5pp $334	+1.0pp $290

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 S Conkling St Unit 3 Baltimore, MD	1.0	1.0	700	$1,700	$2.43	44d	1	0.04mi
400 S Highland Ave Unit 402 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	44d	1	0.08mi
235 S Highland Ave Baltimore, MD	2.0	1.5	1222	$2,000	$1.64	24d	1	0.10mi
201 S Conkling St Baltimore, MD	1.0	1.0	740	$1,500	$2.03	3d	2	0.14mi
3232 Eastern Ave Baltimore, MD	1.0	1.5	874	$2,260	$2.59	2d	1	0.14mi
3710 E Pratt St Baltimore, MD	2.0	3.5	1230	$1,900	$1.54	24d	1	0.19mi
321 Fagley St Baltimore, MD	2.0	1.0	800	$1,650	$2.06	20d	1	0.19mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,350	$2.58	3d	20	0.22mi
3801 Fleet St Unit 209 Baltimore, MD	1.0	1.5	814	$1,899	$2.33	44d	1	0.25mi
115 S Eaton St Baltimore, MD	3.0	2.5	1393	$1,800	$1.29	16d	1	0.25mi
3413 Leverton Ave Baltimore, MD	2.0	1.0	832	$1,000	$1.20	24d	1	0.26mi
106 S Bouldin St Baltimore, MD	2.0	3.0	1134	$2,100	$1.85	20d	1	0.27mi
3436 Leverton Ave Baltimore, MD	3.0	3.5	1500	$2,350	$1.57	24d	1	0.27mi
223 Grundy St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	24d	1	0.28mi
4015 Eastern Ave Unit 2L Baltimore, MD	3.0	2.0	1100	$1,800	$1.64	44d	1	0.29mi
127 S Robinson St Baltimore, MD	2.0	1.5	1400	$2,000	$1.43	44d	1	0.30mi
502 S Haven St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	24d	1	0.31mi
502 S Haven St Baltimore, MD	2.0	2.5	1440	$2,400	$1.67	16d	1	0.31mi
611 Grundy St Baltimore, MD	3.0	2.0	1434	$2,700	$1.88	24d	1	0.32mi
3430 E Baltimore St Baltimore, MD	3.0	2.5	1316	$2,250	$1.71	24d	1	0.33mi
3245 Fait Ave Baltimore, MD	3.0	2.0	1470	$2,900	$1.97	44d	1	0.34mi
3200 Fait Ave Baltimore, MD	1.0	1.0	800	$1,700	$2.12	2d	1	0.35mi
643 S Potomac St Baltimore, MD	2.0	1.0	785	$1,650	$2.10	44d	1	0.41mi
17 N East Ave Baltimore, MD	2.0	2.0	1326	$2,550	$1.92	24d	1	0.42mi
113 N Clinton St Baltimore, MD	2.0	1.0	1300	$1,995	$1.53	44d	1	0.42mi
3610 Dillon St Baltimore, MD	1.0–2.0	1.0–2.0	828	$2,820	$3.41	44d	1	0.43mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	24d	1	0.45mi
102 S Curley St Baltimore, MD	2.0	1.5	1200	$1,800	$1.50	5d	1	0.45mi
3036 Hudson St Baltimore, MD	2.0	2.5	1428	$2,600	$1.82	44d	1	0.47mi
3205 Esther Pl Baltimore, MD	2.0	2.0	960	$1,850	$1.93	24d	1	0.47mi
825 S Linwood Ave Baltimore, MD	1.0	1.0	1000	$2,150	$2.15	24d	1	0.54mi
203 N Ellwood Ave Unit Main Baltimore, MD	2.0	2.0	880	$2,200	$2.50	24d	1	0.56mi
527 S Lehigh St Baltimore, MD	3.0	2.0	1320	$2,325	$1.76	44d	1	0.56mi
4505 Foster Ave Baltimore, MD	3.0	3.0	1376	$2,650	$1.93	24d	1	0.57mi
34 N Linwood Ave Baltimore, MD	2.0	1.5	1288	$2,400	$1.86	24d	1	0.58mi
3518 Elliott St Baltimore, MD	3.0	2.5	1036	$2,800	$2.70	18d	1	0.58mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	24d	1	0.58mi
3018 O Donnell St Unit 2R Baltimore, MD	1.0	1.0	750	$1,700	$2.27	44d	1	0.59mi
410 S Newkirk St Baltimore, MD	2.0	1.5	1330	$1,580	$1.19	44d	1	0.60mi
150 N Curley St Baltimore, MD	2.0	2.5	1266	$1,850	$1.46	18d	1	0.60mi

Listing history 50 events

1. 2026-06-18
   days on market $170,000 Active 58 DOM
2. 2026-06-17
   days on market $170,000 Active 57 DOM
3. 2026-06-16
   days on market $170,000 Active 56 DOM
4. 2026-06-15
   days on market $170,000 Active 55 DOM
5. 2026-06-13
   days on market $170,000 Active 53 DOM
6. 2026-06-10
   price $170,000 Active 49 DOM
7. 2026-06-09
   days on market $180,000 Active 49 DOM
8. 2026-06-08
   days on market $180,000 Active 48 DOM
9. 2026-06-07
   days on market $180,000 Active 47 DOM
10. 2026-06-04
    statusdays on market $180,000 Active 44 DOM
11. 2026-05-14
    status Pending 748-char remark

    Show marketing remark (748 chars)

    Discover a beautiful and spacious home in the heart of Highlandtown. This two-story house is perfect for the first time home buyer or for an investor seeking to add to their portfolio. The main level features hardwood floors, nicely sized living room, a half bath for guest, an eat-in kitchen and large windows for natural lighting. The kitchen has a door that leads you to your private fenced in yard. The upper level has two equally sized bedrooms, a full bath and laundry. Enjoy outdoor living on the private backyard patio—perfect for relaxing or entertaining. Conveniently located just steps away from Highlandtown’s vibrant restaurants, shopping, and city attractions, this home offers the perfect blend of charm and urban living.

12. 2026-04-01
    listed $180,000 Active 748-char remark

    Show marketing remark (748 chars)

    Discover a beautiful and spacious home in the heart of Highlandtown. This two-story house is perfect for the first time home buyer or for an investor seeking to add to their portfolio. The main level features hardwood floors, nicely sized living room, a half bath for guest, an eat-in kitchen and large windows for natural lighting. The kitchen has a door that leads you to your private fenced in yard. The upper level has two equally sized bedrooms, a full bath and laundry. Enjoy outdoor living on the private backyard patio—perfect for relaxing or entertaining. Conveniently located just steps away from Highlandtown’s vibrant restaurants, shopping, and city attractions, this home offers the perfect blend of charm and urban living.

13. 2024-06-03
    historical
14. 2024-05-11
    status Active
15. 2024-04-30
    historical
16. 2024-02-21
    listed $210,000 Active
17. 2020-02-27
    soldstatus $110,000
18. 2011-12-02
    historical
19. 2011-12-02
    historical Expired
20. 2011-05-01
    listed Active
21. 2011-05-01
    listed $79,900
22. 2010-05-13
    historical Expired
23. 2010-05-13
    historical
24. 2009-11-14
    listed Active
25. 2009-11-13
    listed $79,900
26. 2009-09-18
    soldstatus $40,000
27. 2009-09-18
    soldstatus $40,000 Sold
28. 2009-08-13
    historical
29. 2009-08-10
    historical
30. 2009-05-04
    listed $44,500
31. 2009-05-04
    listed $44,500
32. 2009-01-26
    historical
33. 2008-11-07
    price
34. 2008-10-25
    price
35. 2008-10-21
    status
36. 2008-10-18
    historical
37. 2008-10-18
    listed
38. 2004-11-10
    soldstatus $75,000
39. 2004-09-23
    soldstatus $75,000
40. 2004-09-09
    historical
41. 2004-09-03
    listed $80,000
42. 2003-09-10
    soldstatus $42,525
43. 2003-06-16
    historical
44. 2003-05-22
    listed
45. 2003-05-14
    soldstatus $25,000
46. 2003-05-13
    soldstatus $25,000
47. 2003-03-03
    historical
48. 2002-07-12
    listed $24,500
49. 2001-12-20
    historical
50. 2001-06-18
    listed

ⓘ 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: $3,110 · $259/mo
• Projected year-2 tax: $3,110 · $259/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: $24,303
• − Mortgage interest: −$9,523
• − Property taxes: −$3,110
• − Insurance: −$850
• − Repairs & maintenance: −$1,944
• − Management: −$1,944
• − Depreciation: −$4,945
• Taxable income: $1,986
• Est. tax owed @ 24.0%: −$477
• After-tax cash flow: $4,065/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): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+700.0% since first listed

42 events — show timeline

• 2026-05-14 Pending — BRIGHT MLS
• 2026-04-01 Listed $180,000 BRIGHT MLS
• 2024-06-03 Listing Removed — BRIGHT MLS
• 2024-05-11 Relisted — BRIGHT MLS
• 2024-04-30 Listing Removed — BRIGHT MLS
• 2024-02-21 Listed $210,000 BRIGHT MLS
• 2020-02-27 Sold (Public Records) $110,000 Public Records
• 2011-12-02 Listing Removed — BRIGHT MLS
• 2011-12-02 Delisted — MRIS
• 2011-05-01 Listed — MRIS
• 2011-05-01 Listed $79,900 BRIGHT MLS
• 2010-05-13 Delisted — MRIS
• 2010-05-13 Listing Removed — BRIGHT MLS
• 2009-11-14 Listed — MRIS
• 2009-11-13 Listed $79,900 BRIGHT MLS
• 2009-09-18 Sold (MLS) $40,000 MRIS
• 2009-09-18 Sold (MLS) $40,000 BRIGHT MLS
• 2009-08-13 Listing Removed — BRIGHT MLS
• 2009-08-10 Delisted — MRIS
• 2009-05-04 Listed $44,500 MRIS
• 2009-05-04 Listed $44,500 BRIGHT MLS
• 2009-01-26 Delisted — MRIS
• 2008-11-07 Price Changed — MRIS
• 2008-10-25 Price Changed — MRIS
• 2008-10-21 Relisted — MRIS
• 2008-10-18 Delisted — MRIS
• 2008-10-18 Listed — MRIS
• 2004-11-10 Sold (Public Records) $75,000 Public Records
• 2004-09-23 Sold (MLS) $75,000 MRIS
• 2004-09-09 Delisted — MRIS
• 2004-09-03 Listed $80,000 MRIS
• 2003-09-10 Sold (Public Records) $42,525 Public Records
• 2003-06-16 Delisted — MRIS
• 2003-05-22 Listed — MRIS
• 2003-05-14 Sold (Public Records) $25,000 Public Records
• 2003-05-13 Sold (MLS) $25,000 MRIS
• 2003-03-03 Delisted — MRIS
• 2002-07-12 Listed $24,500 MRIS
• 2001-12-20 Delisted — MRIS
• 2001-06-18 Listed — MRIS
• 1990-10-24 Sold (Public Records) $42,500 Public Records
• 1986-08-27 Sold (Public Records) $22,500 Public Records

Property tax history

+1.2%/yr

Latest (2025): $3,110 · +1.1% YoY. Source: county tax records.