133 N Culver St · Baltimore, MD 21229

$235,000

4 bd · 1.0 ba · 1,368 sqft · Townhouse public records · 8 Days on market

Built 1947 871 sqft lot Est $157k · 49% over ↓ 42% since listing

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Why this score? — see what drove the F 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 +14.3/30.0
• DSCR +4.4/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• 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

* * * * * SELLER IS REQUESTING ALL OFFERS IN BY FRIDAY @ 12PM ON 8/8/2025. This home boasts 3 nice size bedrooms, 2 full baths. Nestled on a quite neighborhood close to Saint Agnes Hospital, transportation, food, etc. FAMILY OWNED BY ONE FAMILY. . * * * * * * * HOME NEEDS TLC/RENOVATION * * * * * * * INVESTORS DELIGHT * * * Full finished basement with the 2nd full bathroom. Back yard fenced, alley has ample room to drive through. Schedule your tour today.

Key facts

• Fully renovated
• Updated finishes
• Bright living area

Tags

• FULLY RENOVATED
• UPDATED FINISHES
• BRIGHT LIVING AREA
• UPDATED KITCHEN
• FINISHED BASEMENT
• BONUS ROOM

Property features AI

Finance

• Financial info: Ground rent $90 paid semi-annually

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Interior townhouse/rowhouse; Ground rent ownership (semi-annual payment)
• Construction: Brick construction; Brick/mortar foundation; Built year per assessor
• Exterior features: Above-grade and below-grade structures noted

Interior

• Bedrooms: Three bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Fully finished basement; Living area per assessor

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $235k.

Deal economics

• At list price, monthly cash flow is $44 ($533/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 $200k (14.9% below list).
• Recommended offer: $200k (14.9% below list) — sets the bar for 1% rule.

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 (+5.4%/yr); 252 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 40% of the median local income ($60k/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 $2k of loan paydown is wiped out by about $7k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $85k; list at $235k implies a 176% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $200,064 (14.9% below list)

Questions for the listing agent

1. Built in 1947 — 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 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?
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: 0.85% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.81%
• DSCR: 1.04
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $157,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 S Morley St S	0.28mi	3/1.5 (-1)	1,350 (-1%)	2mo	$70,000	$52	76
156 S Hilton St	0.38mi	4/1.5	1,320 (-4%)	2mo	$195,000	$148	73
517 N Edgewood St	0.34mi	4/2.5	1,430 (+4%)	2mo	$90,000	$63	69
300 Denison St	0.17mi	3/2.0 (-1)	1,260 (-8%)	2mo	$205,000	$163	69
28 S Bernice Ave	0.34mi	3/1.0 (-1)	1,280 (-6%)	1mo	$147,000	$115	68
5 Rosedale St S	0.36mi	3/2.0 (-1)	1,280 (-6%)	1mo	$110,000	$86	63
509 Normandy Ave	0.48mi	4/2.5	1,458 (+7%)	1mo	$212,000	$145	60
3716 Edmondson Ave	0.47mi	4/1.0	1,512 (+10%)	2mo	$130,000	$86	59
3707 Colborne Rd	0.69mi	3/2.0 (-1)	1,400 (+2%)	1mo	$220,000	$157	54
3017 Frederick Ave	0.70mi	4/3.0	1,260 (-8%)	2mo	$217,000	$172	44
537 Longwood St	0.62mi	4/2.0	1,176 (-14%)	0mo	$60,000	$51	44
733 Lyndhurst St	0.65mi	3/1.5 (-1)	1,550 (+13%)	2mo	$85,000	$55	39

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.54×
• Total profit: $-30,373
• Equity at exit: $35,039

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-1,774
• Equity at exit: $20,319

Cash invested: $65,800 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,001 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$206 /mo · $2,470/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $44

Break-even live

Break-even rent $1,944

Max offer price $235,000

Occupancy floor 93%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	23d	1	0.08mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	23d	1	0.16mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	23d	1	0.18mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.19mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	0.28mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	0.40mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	23d	1	0.43mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	43d	1	0.50mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	23d	1	0.50mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	43d	1	0.51mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	23d	1	0.53mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	23d	1	0.55mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	23d	1	0.59mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	43d	1	0.63mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	0.64mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	23d	1	0.66mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	20d	1	0.66mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.67mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	43d	1	0.68mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	43d	1	0.68mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	43d	1	0.69mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	43d	1	0.70mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	43d	1	0.72mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	43d	1	0.81mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	43d	1	0.89mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	23d	1	0.91mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.93mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	23d	1	0.94mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	43d	1	0.96mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	1d	1	0.97mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	43d	1	0.97mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	43d	1	1.00mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	23d	1	1.01mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	43d	1	1.02mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	23d	1	1.02mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	23d	1	1.03mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	1.05mi
2738 Wilkens Ave Baltimore, MD	3.0	1.0	1183	$1,500	$1.27	43d	1	1.07mi
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	4d	1	1.10mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	43d	1	1.11mi

Listing history 7 events

1. 2026-04-18
   status Pending
2. 2026-04-10
   listed $235,000 Active
3. 2025-09-30
   soldstatus $85,000
4. 2025-09-12
   soldstatus $85,000 Closed 485-char remark

   Show marketing remark (485 chars)

   * * * * * SELLER IS REQUESTING ALL OFFERS IN BY FRIDAY @ 12PM ON 8/8/2025. This home boasts 3 nice size bedrooms, 2 full baths. Nestled on a quite neighborhood close to Saint Agnes Hospital, transportation, food, etc. FAMILY OWNED BY ONE FAMILY. . * * * * * * * HOME NEEDS TLC/RENOVATION * * * * * * * INVESTORS DELIGHT * * * Full finished basement with the 2nd full bathroom. Back yard fenced, alley has ample room to drive through. Schedule your tour today.

5. 2025-08-08
   status Pending 485-char remark

   Show marketing remark (485 chars)

   * * * * * SELLER IS REQUESTING ALL OFFERS IN BY FRIDAY @ 12PM ON 8/8/2025. This home boasts 3 nice size bedrooms, 2 full baths. Nestled on a quite neighborhood close to Saint Agnes Hospital, transportation, food, etc. FAMILY OWNED BY ONE FAMILY. . * * * * * * * HOME NEEDS TLC/RENOVATION * * * * * * * INVESTORS DELIGHT * * * Full finished basement with the 2nd full bathroom. Back yard fenced, alley has ample room to drive through. Schedule your tour today.

6. 2025-08-06
   listed $85,000 Active 485-char remark

   Show marketing remark (485 chars)

   * * * * * SELLER IS REQUESTING ALL OFFERS IN BY FRIDAY @ 12PM ON 8/8/2025. This home boasts 3 nice size bedrooms, 2 full baths. Nestled on a quite neighborhood close to Saint Agnes Hospital, transportation, food, etc. FAMILY OWNED BY ONE FAMILY. . * * * * * * * HOME NEEDS TLC/RENOVATION * * * * * * * INVESTORS DELIGHT * * * Full finished basement with the 2nd full bathroom. Back yard fenced, alley has ample room to drive through. Schedule your tour today.

7. 2021-10-21
   soldstatus $405,052

ⓘ 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: $2,470 · $206/mo
• Projected year-2 tax: $2,516 · $210/mo
• Expected delta: +$46/yr (+$4/mo · 1.8%)

ⓘ 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: $24,008
• − Mortgage interest: −$13,164
• − Property taxes: −$2,470
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,921
• − Management: −$1,921
• − Depreciation: −$6,836
• Taxable loss: −$3,479
• Est. tax savings @ 24.0%: +$835
• After-tax cash flow: $1,367/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

-42.0% since first listed

7 events — show timeline

• 2026-04-18 Pending — BRIGHT MLS
• 2026-04-10 Listed $235,000 BRIGHT MLS
• 2025-09-30 Sold (Public Records) $85,000 Public Records
• 2025-09-12 Sold (MLS) $85,000 BRIGHT MLS
• 2025-08-08 Pending — BRIGHT MLS
• 2025-08-06 Listed $85,000 BRIGHT MLS
• 2021-10-21 Sold (Public Records) $405,052 Public Records

Property tax history

+1.9%/yr

Latest (2025): $2,470 · +11.7% YoY. Source: county tax records.