305 S Stricker St · Baltimore, MD 21223

$99,000

4 bd · 2.0 ba · 1,800 sqft · Townhouse · 124 Days on market

Built 1900 960 sqft lot $55/sqft · 50% below area Est $196k · 50% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 MLS

Great opportunity in Baltimore’s improving Mount Clare neighborhood! This spacious 4-bedroom, 2-bath home offers strong upside potential with solid comparable renovations already completed on the same block. Property is near move-in condition, making it an excellent candidate for a light renovation or value-add flip. Generous layout with plenty of space to modernize and maximize ARV. Ideal for investors or savvy buyers looking to build equity. Seller prefers as-is sale and will make few, if any, repairs.

Key facts

• Move-in condition
• Generous layout
• As-is sale

Tags

• MOUNT CLARE NEIGHBORHOOD
• MOVE-IN CONDITION
• GENEROUS LAYOUT
• AS-IS SALE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $99k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.9% 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); 425 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 $2,291/mo this rent would consume 60% 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 $684 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 $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $21k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 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 1900 — 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: 2.31% ✓
• Cap rate: 19.85%
• Cash-on-cash: 48.43%
• DSCR: 3.15
• GRM: 3.6

CMA / ARV

• ARV (median comp): $196,345
• List price: $99,000
• Delta: -49.58%
• 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
308 S Stricker St	0.02mi	3/1.5 (-1)	1,680 (-7%)	1mo	$62,740	$37	80
1403 S Carey St	0.50mi	3/3.0 (-1)	1,757 (-2%)	0mo	$249,900	$142	63
628 Scott St	0.65mi	3/2.0 (-1)	1,800 (0%)	2mo	$305,000	$169	63
877 Ryan St	0.51mi	4/3.5	1,919 (+7%)	2mo	$365,000	$190	58
207 Roundhouse Ct	0.60mi	3/2.5 (-1)	1,890 (+5%)	0mo	$290,000	$153	56
1022 W Lombard St	0.38mi	4/2.0	1,550 (-14%)	3mo	$138,500	$89	56
1057 W Barre St	0.68mi	4/2.5	1,665 (-8%)	0mo	$270,000	$162	54
316 Parkin St	0.53mi	3/3.5 (-1)	1,880 (+4%)	5mo	$353,000	$188	53
1503 W Fairmount Ave	0.32mi	3/2.5 (-1)	1,542 (-14%)	4mo	$190,000	$123	51
901 Washington Blvd	0.51mi	3/3.5 (-1)	1,656 (-8%)	1mo	$219,000	$132	51
302 Scott St	0.61mi	3/2.5 (-1)	1,640 (-9%)	2mo	$360,000	$220	48
739 Mchenry St	0.67mi	3/3.0 (-1)	1,632 (-9%)	2mo	$279,900	$172	42

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: 51.0%
• Equity multiple: 3.39×
• Total profit: $66,118
• Equity at exit: $14,761

10-year hold

• IRR: 58.2%
• Equity multiple: 8.16×
• Total profit: $198,439
• Equity at exit: $8,560

Cash invested: $27,720 (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: 425
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,291 high
• Mortgage (P&I): −$519
• Tax from tax record: −$131 /mo · $1,569/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $1,119

Break-even live

Break-even rent $875

Max offer price $99,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,175	-5% $1,147	+0% $1,119	+5% $1,091	+10% $1,063
Rent	-10% $938	-5% $1,028	+0% $1,119	+5% $1,209	+10% $1,300
Rate	-1.0pp $1,169	-0.5pp $1,144	base $1,119	+0.5pp $1,093	+1.0pp $1,067

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1328 W Lombard St Baltimore, MD	3.0	3.5	2312	$3,600	$1.56	13d	1	0.22mi
104 S Carrollton Ave Baltimore, MD	3.0	4.0	1232	$2,400	$1.95	5d	1	0.28mi
1138 W Lombard St Baltimore, MD	3.0	3.5	2400	$1,795	$0.75	25d	1	0.32mi
1115 W Lombard St Baltimore, MD	3.0	1.0	1468	$2,100	$1.43	45d	1	0.33mi
1127 S Carey St Baltimore, MD	3.0	2.5	1340	$1,900	$1.42	5d	1	0.36mi
1259 Washington Blvd Baltimore, MD	3.0	3.0	1232	$2,999	$2.43	5d	1	0.39mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	45d	1	0.41mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	45d	1	0.46mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	4d	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	25d	1	0.47mi
913 W Lombard St Baltimore, MD	3.0	1.0	1452	$1,600	$1.10	25d	1	0.49mi
922 W Lombard St Baltimore, MD	4.0	2.0	2364	$2,300	$0.97	25d	1	0.49mi
110 S Poppleton St Baltimore, MD	3.0	1.5	1800	$1,900	$1.06	45d	1	0.50mi
1226 W Cross St Baltimore, MD	3.0	3.0	1551	$2,250	$1.45	45d	1	0.52mi
1814 Penrose Ave Baltimore, MD	3.0	1.0	1624	$1,700	$1.05	19d	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	25d	1	0.61mi
508 Wyeth St Baltimore, MD	3.0	3.0	1234	$1,850	$1.50	45d	1	0.61mi
803 McHenry St Baltimore, MD	4.0	2.5	1856	$2,599	$1.40	4d	1	0.63mi
324 Scott St Baltimore, MD	4.0	2.5	1656	$3,000	$1.81	45d	1	0.64mi
610 Scott St Baltimore, MD	5.0	3.0	1700	$2,750	$1.62	13d	1	0.66mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	25d	1	0.67mi
519 Scott St Unit 2 Baltimore, MD	3.0	3.0	1600	$3,000	$1.88	45d	1	0.68mi
709 Scott St Baltimore, MD	3.0	3.0	1448	$2,500	$1.73	16d	1	0.69mi
709 Scott St Baltimore, MD	3.0	2.5	1448	$2,500	$1.73	25d	1	0.69mi
748 McHenry St Baltimore, MD	3.0	2.0	1288	$2,100	$1.63	5d	1	0.70mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	4d	1	0.71mi
2012 W Saratoga St Baltimore, MD	3.0	1.0	1300	$1,700	$1.31	25d	1	0.72mi
804 Hollins St Unit 1 Baltimore, MD	3.0	2.0	1800	$2,700	$1.50	5d	1	0.72mi
1509 Edmondson Ave #1 Baltimore, MD	3.0	2.0	1600	$2,275	$1.42	25d	1	0.78mi
1625 Edmondson Ave Unit 2 Baltimore, MD	4.0	3.0	1500	$1,895	$1.26	13d	1	0.78mi
1625 Edmondson Ave Unit 1 Baltimore, MD	4.0	3.0	1500	$2,175	$1.45	5d	1	0.78mi
1032 W Franklin St Baltimore, MD	4.0	4.5	1913	$2,650	$1.39	25d	1	0.79mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	12d	1	0.80mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	45d	1	0.80mi
912 S Paca St Baltimore, MD	3.0	2.0	2000	$2,250	$1.12	45d	1	0.80mi
2509 Christian St Baltimore, MD	4.0	2.0	1248	$1,699	$1.36	4d	1	0.81mi
662 Washington Blvd Baltimore, MD	4.0	2.5	1300	$2,700	$2.08	45d	1	0.84mi

Listing history 21 events

1. 2026-06-21
   days on market $99,000 Active 124 DOM
2. 2026-06-18
   days on market $99,000 Active 121 DOM
3. 2026-06-17
   days on market $99,000 Active 120 DOM
4. 2026-06-16
   days on market $99,000 Active 119 DOM
5. 2026-06-15
   days on market $99,000 Active 118 DOM
6. 2026-06-13
   days on market $99,000 Active 116 DOM
7. 2026-06-09
   days on market $99,000 Active 112 DOM
8. 2026-06-08
   days on market $99,000 Active 111 DOM
9. 2026-06-07
   pricedays on market $99,000 Active 110 DOM
10. 2026-06-04
    days on market $110,000 Active 107 DOM
11. 2026-06-03
    days on market $110,000 Active 106 DOM
12. 2026-06-02
    days on market $110,000 Active 105 DOM
13. 2026-06-01
    days on market $110,000 Active 104 DOM
14. 2026-05-31
    days on market $110,000 Active 103 DOM
15. 2026-04-16
    price $110,000 515-char remark

    Show marketing remark (515 chars)

    Great opportunity in Baltimore’s improving Mount Clare neighborhood! This spacious 4-bedroom, 2-bath home offers strong upside potential with solid comparable renovations already completed on the same block. Property is near move-in condition, making it an excellent candidate for a light renovation or value-add flip. Generous layout with plenty of space to modernize and maximize ARV. Ideal for investors or savvy buyers looking to build equity. Seller prefers as-is sale and will make few, if any, repairs.

16. 2026-02-17
    listed $120,000 Active 515-char remark

    Show marketing remark (515 chars)

    Great opportunity in Baltimore’s improving Mount Clare neighborhood! This spacious 4-bedroom, 2-bath home offers strong upside potential with solid comparable renovations already completed on the same block. Property is near move-in condition, making it an excellent candidate for a light renovation or value-add flip. Generous layout with plenty of space to modernize and maximize ARV. Ideal for investors or savvy buyers looking to build equity. Seller prefers as-is sale and will make few, if any, repairs.

17. 2019-08-13
    soldstatus $69,900
18. 2019-07-16
    soldstatus $46,000 Closed 109-char remark

    Show marketing remark (109 chars)

    This is a clean 4 bedroom 2 full bath (2 upper levels each one has 2 bedrooms and 1 bath) upper level laundry

19. 2019-04-23
    historical 109-char remark

    Show marketing remark (109 chars)

    This is a clean 4 bedroom 2 full bath (2 upper levels each one has 2 bedrooms and 1 bath) upper level laundry

20. 2019-03-29
    listed $55,000 Active 109-char remark

    Show marketing remark (109 chars)

    This is a clean 4 bedroom 2 full bath (2 upper levels each one has 2 bedrooms and 1 bath) upper level laundry

21. 1980-07-16
    soldstatus $5,800

ⓘ 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: $1,569 · $131/mo
• Projected year-2 tax: $1,569 · $131/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: $27,492
• − Mortgage interest: −$5,546
• − Property taxes: −$1,569
• − Insurance: −$495
• − Repairs & maintenance: −$2,199
• − Management: −$2,199
• − Depreciation: −$2,880
• Taxable income: $12,604
• Est. tax owed @ 24.0%: −$3,025
• After-tax cash flow: $10,400/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

+1796.6% since first listed

7 events — show timeline

• 2026-04-16 Price Changed $110,000 BRIGHT MLS
• 2026-02-17 Listed $120,000 BRIGHT MLS
• 2019-08-13 Sold (Public Records) $69,900 Public Records
• 2019-07-16 Sold (MLS) $46,000 BRIGHT MLS
• 2019-04-23 Listing Removed — BRIGHT MLS
• 2019-03-29 Listed $55,000 BRIGHT MLS
• 1980-07-16 Sold (Public Records) $5,800 Public Records

Property tax history

+2.4%/yr

Latest (2025): $1,569 · +5.4% YoY. Source: county tax records.