508 S Longwood St · Baltimore, MD 21223

$95,000

2 bd · 1.0 ba · 784 sqft · Townhouse public records · 85 Days on market

Built 1950 $121/sqft · 49% above area Est $80k · 19% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

A great opportunity awaits you here! This well-maintained 2-bedroom, 1-bath townhome offers strong potential for rental income, home owner, or a quick fix-and-flip opportunity. The home features a covered front porch and a comfortable living room with a cozy fireplace, and an eat-in kitchen. Just beyond the kitchen is a spacious fully fenced backyard, perfect for entertaining. The lower level offers flexible bonus space, for a family room, home office, or additional living area. With solid fundamentals and room to enhance, this property is a smart addition to any investor’s portfolio. It also presents a great opportunity for a first-time homebuyer looking to build equity with a home that offers both comfort and future value. Schedule your tour today!

Key facts

• Covered front porch
• Flexible bonus space
• Built 1950

Tags

• COVERED FRONT PORCH
• FULLY FENCED BACKYARD
• FLEXIBLE BONUS SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $95k.

Deal economics

• At list price, monthly cash flow is $445 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $89k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.9% 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 (+7.5%/yr); 422 active listings in the ZIP; 33 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 37% of the median local income ($46k/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 $657 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 + 7.5% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y 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.
• Current owner paid $60k; list at $95k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $89,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 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 1950 — 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: 1.49% ✓
• Cap rate: 11.91%
• Cash-on-cash: 20.06%
• DSCR: 1.89
• GRM: 5.6

CMA / ARV

• ARV (median comp): $79,799
• List price: $95,000
• Delta: 19.05%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1028 Parksley Ave	0.42mi	2/1.0	840 (+7%)	7mo	$150,000	$179	63
2629 Lehman St	0.48mi	2/1.0	768 (-2%)	16mo	$38,500	$50	61
3236 Lohrs Ln	0.51mi	2/1.0	840 (+7%)	11mo	$64,000	$76	56
3232 Lohrs Ln	0.50mi	2/1.5	840 (+7%)	22mo	$4,500	$5	44
525 S Catherine St	0.71mi	2/1.0	720 (-8%)	11mo	$65,000	$90	44
2629 Wilkens Ave	0.54mi	3/1.0 (+1)	700 (-11%)	11mo	$54,000	$77	43
2411 Christian St	0.67mi	2/1.0	840 (+7%)	20mo	$19,000	$23	40
3392 Dulany St	0.51mi	3/1.5 (+1)	864 (+10%)	22mo	$195,000	$226	34
3304 Elbert St	0.67mi	2/1.0	896 (+14%)	22mo	$57,500	$64	27

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: 17.3%
• Equity multiple: 1.74×
• Total profit: $19,681
• Equity at exit: $14,165

10-year hold

• IRR: 28.9%
• Equity multiple: 4.16×
• Total profit: $84,009
• Equity at exit: $8,214

Cash invested: $26,600 (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 21223

• Rents YoY: 7.5%
• Active inventory: 422
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,416 high
• Mortgage (P&I): −$498
• Tax from tax record: −$137 /mo · $1,639/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $445

Break-even live

Break-even rent $854

Max offer price $95,000

Occupancy floor 64%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	43d	1	0.46mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	23d	1	0.53mi
332 S Franklintown Rd Unit 2 Baltimore, MD	2.0	1.0	776	$795	$1.02	23d	1	0.57mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	23d	1	0.61mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	23d	1	0.65mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	43d	1	0.77mi
304 Collins Ave Unit 1 Baltimore, MD	1.0	1.0	845	$1,600	$1.89	43d	1	0.91mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.91mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	23d	1	0.92mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.94mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	17d	1	0.99mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,264	$1.73	43d	1	1.07mi
4215 Connecticut Ave Baltimore, MD	1.0	1.0	625	$950	$1.52	23d	1	1.10mi
3706 W Franklin St Unit 1 Baltimore, MD	2.0	1.0	735	$1,100	$1.50	4d	1	1.15mi
2429 Washington Blvd Baltimore, MD	1.0	1.0	940	$600	$0.64	23d	1	1.16mi
2 S Woodington Rd Baltimore, MD	1.0	1.0	620	$1,135	$1.83	4d	1	1.17mi
2 S Woodington Rd Baltimore, MD	1.0	1.0	620	$1,310	$2.11	43d	1	1.17mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	14d	1	1.17mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	3d	5	1.18mi
600 Linnard St Baltimore, MD	1.0	1.0	600	$1,300	$2.17	43d	1	1.19mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	4d	1	1.20mi
709 Denison St Baltimore, MD	2.0	2.0	840	$1,630	$1.94	23d	1	1.20mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,375	$1.60	43d	1	1.23mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	43d	1	1.26mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	23d	1	1.30mi
1712 W Lombard St #4 Baltimore, MD	1.0	1.0	550	$900	$1.64	43d	1	1.33mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	1.33mi
4041 Wilkens Ave Unit C Baltimore, MD	1.0	1.0	600	$1,050	$1.75	14d	1	1.37mi
4041 Wilkens Ave Unit B Baltimore, MD	1.0	1.0	600	$1,000	$1.67	43d	1	1.39mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	23d	1	1.39mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	43d	1	1.45mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	4d	1	1.45mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	43d	1	1.49mi

Listing history 36 events

1. 2026-06-18
   days on market $95,000 Active 85 DOM
2. 2026-06-17
   days on market $95,000 Active 84 DOM
3. 2026-06-16
   days on market $95,000 Active 83 DOM
4. 2026-06-15
   days on market $95,000 Active 82 DOM
5. 2026-06-13
   days on market $95,000 Active 80 DOM
6. 2026-06-09
   days on market $95,000 Active 76 DOM
7. 2026-06-08
   days on market $95,000 Active 75 DOM
8. 2026-06-07
   days on market $95,000 Active 74 DOM
9. 2026-06-04
   days on market $95,000 Active 71 DOM
10. 2026-06-03
    days on market $95,000 Active 70 DOM
11. 2026-06-02
    days on market $95,000 Active 69 DOM
12. 2026-06-01
    days on market $95,000 Active 68 DOM
13. 2026-05-31
    days on market $95,000 Active 67 DOM
14. 2026-03-25
    listed $95,000 Active 766-char remark

    Show marketing remark (766 chars)

    A great opportunity awaits you here! This well-maintained 2-bedroom, 1-bath townhome offers strong potential for rental income, home owner, or a quick fix-and-flip opportunity. The home features a covered front porch and a comfortable living room with a cozy fireplace, and an eat-in kitchen. Just beyond the kitchen is a spacious fully fenced backyard, perfect for entertaining. The lower level offers flexible bonus space, for a family room, home office, or additional living area. With solid fundamentals and room to enhance, this property is a smart addition to any investor’s portfolio. It also presents a great opportunity for a first-time homebuyer looking to build equity with a home that offers both comfort and future value. Schedule your tour today!

15. 2024-04-03
    historical $1,250
16. 2024-03-13
    listed $1,250
17. 2024-03-13
    historical $1,250
18. 2024-02-02
    listed $1,250
19. 2024-02-02
    historical $1,250
20. 2023-12-21
    listed $1,250
21. 2022-11-20
    historical
22. 2020-07-29
    soldstatus $60,500
23. 2015-05-15
    soldstatus $28,100 Sold 172-char remark

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

24. 2015-05-15
    soldstatus $28,100

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

25. 2015-04-29
    status Contract 172-char remark

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

26. 2015-04-21
    historical
27. 2015-04-15
    historical 172-char remark

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

28. 2015-04-01
    price $35,200 172-char remark

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

29. 2015-01-28
    price $39,600 172-char remark

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

30. 2014-12-11
    listed $44,000 Active 172-char remark

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

31. 2014-12-11
    listed $35,200

    Show marketing remark (172 chars)

    Large townhouse close to main roads, schools, public transportation. Hardwood floors throughout home, parking pad in rear, ceramic tile in kitchen. Great opportunity to own

32. 2007-07-05
    soldstatus $86,900
33. 2007-06-08
    soldstatus $86,900
34. 2007-04-25
    historical
35. 2007-04-05
    listed $84,900
36. 1987-12-15
    soldstatus $30,000

ⓘ 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: $1,639 · $137/mo
• Projected year-2 tax: $1,639 · $137/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: $16,998
• − Mortgage interest: −$5,321
• − Property taxes: −$1,639
• − Insurance: −$475
• − Repairs & maintenance: −$1,360
• − Management: −$1,360
• − Depreciation: −$2,764
• Taxable income: $4,079
• Est. tax owed @ 24.0%: −$979
• After-tax cash flow: $4,357/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

+216.7% since first listed

23 events — show timeline

• 2026-03-25 Listed $95,000 BRIGHT MLS
• 2024-04-03 Rental Removed $1,250 APPFOLIO
• 2024-03-13 Listed for Rent $1,250 APPFOLIO
• 2024-03-13 Rental Removed $1,250 Avail
• 2024-02-02 Listed for Rent $1,250 Avail
• 2024-02-02 Rental Removed $1,250 APPFOLIO
• 2023-12-21 Listed for Rent $1,250 APPFOLIO
• 2022-11-20 Rental Removed — APPFOLIO
• 2020-07-29 Sold (Public Records) $60,500 Public Records
• 2015-05-15 Sold (MLS) $28,100 BRIGHT MLS
• 2015-05-15 Sold (MLS) $28,100 MRIS
• 2015-04-29 Pending — MRIS
• 2015-04-21 Listing Removed — BRIGHT MLS
• 2015-04-15 Delisted — MRIS
• 2015-04-01 Price Changed $35,200 MRIS
• 2015-01-28 Price Changed $39,600 MRIS
• 2014-12-11 Listed $44,000 MRIS
• 2014-12-11 Listed $35,200 BRIGHT MLS
• 2007-07-05 Sold (Public Records) $86,900 Public Records
• 2007-06-08 Sold (MLS) $86,900 MRIS
• 2007-04-25 Delisted — MRIS
• 2007-04-05 Listed $84,900 MRIS
• 1987-12-15 Sold (Public Records) $30,000 Public Records

Property tax history

+0.4%/yr

Latest (2025): $1,639 · +10.2% YoY. Source: county tax records.