5107 Pimlico Rd · Baltimore, MD 21215

$127,400

2 bd · 1.0 ba · 840 sqft · Townhouse public records · 73 Days on market

Built 1952 $152/sqft · 23% above area Est $104k · 23% 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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +6.6/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• 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

The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

Key facts

• Covered front porch
• Spacious front yard
• Large wood deck

Tags

• COVERED FRONT PORCH
• SPACIOUS FRONT YARD
• MATURE TREE
• LARGE WOOD DECK
• FENCED BACK YARD
• THREE FLOORS OF LIVING SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $127k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $127k).
• Recommended offer: $120k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 (+2.4%/yr); 351 active listings in the ZIP; 38 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).
• This rent runs 34% of the median local income ($52k/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 $881 of loan paydown is wiped out by about $4k 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 73 days — a 6% lower offer ($120k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago; this cycle's ask has dropped $22k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; list at $127k implies a 175% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — 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 $119,756 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 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 1952 — 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: 1.16% ✓
• Cap rate: 9.14%
• Cash-on-cash: 10.18%
• DSCR: 1.45
• GRM: 7.2

CMA / ARV

• ARV (median comp): $103,865
• List price: $127,400
• Delta: 22.66%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2724 Spaulding Ave	0.03mi	2/2.0	864 (+3%)	4mo	$160,000	$185	86
2708 Uhler Ave	0.05mi	3/2.0 (+1)	864 (+3%)	7mo	$205,000	$237	78
3318 Avondale Ave	0.54mi	2/1.5	840 (0%)	3mo	$110,000	$131	70
3317 Ingleside Ave	0.55mi	2/1.0	840 (0%)	9mo	$83,000	$99	67
4605 Homer Ave	0.66mi	2/1.0	900 (+7%)	3mo	$79,500	$88	55
4926 Edgemere Ave	0.54mi	3/1.0 (+1)	875 (+4%)	10mo	$98,000	$112	54
2855 Edgecombe Cir S	0.73mi	3/2.0 (+1)	840 (0%)	23mo	$198,000	$236	38
2501 Oakley Ave	0.55mi	2/2.0	960 (+14%)	15mo	$140,000	$146	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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -1.7%
• Equity multiple: 0.94×
• Total profit: $-2,233
• Equity at exit: $18,996

10-year hold

• IRR: 7.4%
• Equity multiple: 1.54×
• Total profit: $19,384
• Equity at exit: $11,015

Cash invested: $35,672 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,478 high
• Mortgage (P&I): −$668
• Tax from tax record: −$144 /mo · $1,726/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $303

Break-even live

Break-even rent $1,095

Max offer price $127,400

Occupancy floor 75%

Sensitivity live

Price	-10% $375	-5% $339	+0% $303	+5% $267	+10% $230
Rent	-10% $186	-5% $244	+0% $303	+5% $361	+10% $419
Rate	-1.0pp $367	-0.5pp $335	base $303	+0.5pp $270	+1.0pp $236

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: $31,850
• Closing costs: $3,822
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	44d	1	0.10mi
4910 Poe Ave Unit 2 Baltimore, MD	2.0	1.0	750	$990	$1.32	24d	1	0.33mi
3016 Thorndale Ave Baltimore, MD	1.0–3.0	1.0	700	$1,020	$1.46	5d	14	0.36mi
4936 Lanier Ave Baltimore, MD	1.0–2.0	1.0	750	$1,370	$1.83	3d	5	0.38mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	44d	1	0.45mi
2432 Everton Rd Unit 2435 A Baltimore, MD	2.0	1.5	1000	$1,500	$1.50	24d	1	0.55mi
4714 Greenspring Ave Baltimore, MD	2.0	1.0	890	$1,295	$1.46	44d	1	0.65mi
2310 Sulgrave Ave Unit 3 Baltimore, MD	2.0	1.0	978	$1,700	$1.74	44d	1	0.70mi
5447 Park Heights Ave Baltimore, MD	2.0	1.0	663	$950	$1.43	17d	1	0.71mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	44d	1	0.73mi
2824 Edgecombe Cir S Baltimore, MD	2.0	2.0	950	$1,475	$1.55	22d	1	0.74mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	5d	1	0.77mi
3702 Hayward Ave Baltimore, MD	3.0	1.0	640	$1,695	$2.65	24d	1	0.78mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	18d	1	0.80mi
5902 Cross Country Blvd Baltimore, MD	1.0–2.0	1.0–2.0	785	$1,699	$2.16	5d	6	0.83mi
5902 Cross Country Blvd Baltimore, MD	2.0	2.0	720	$1,575	$2.19	24d	1	0.83mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,175	$1.28	3d	4	0.88mi
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	24d	1	0.90mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,771	$2.12	3d	7	0.95mi
3912 W Northern Pkwy Baltimore, MD	1.0	1.0	583	$1,250	$2.14	44d	2	1.11mi
3904 Penhurst Ave Baltimore, MD	2.0	1.0	760	$1,175	$1.55	44d	1	1.13mi
1701 Mount Washington Ct Unit D Baltimore, MD	1.0	1.0	546	$1,300	$2.38	17d	1	1.14mi
3908 Groveland Ave Apt F Baltimore, MD	2.0	1.0	815	$1,695	$2.08	44d	1	1.14mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$2,690	$2.33	2d	31	1.18mi
2709 Hanson Ave Baltimore, MD	1.0–2.0	1.0	725	$1,495	$2.06	15d	7	1.24mi
2709-2715 Hanson Ave Unit 2709-2A Baltimore, MD	2.0	1.0	800	$1,450	$1.81	44d	1	1.27mi
2709-2715 Hanson Ave Unit 2711B-2A Baltimore, MD	2.0	1.0	800	$1,495	$1.87	44d	1	1.27mi
6101 Park Heights Ave Baltimore, MD	1.0	1.0	660	$1,200	$1.82	5d	1	1.27mi
4058 Edgewood Rd Unit 1 Baltimore, MD	1.0	1.0	800	$1,100	$1.38	24d	1	1.29mi
1701 Sulgrave Ave Unit 3 Baltimore, MD	1.0	1.0	850	$1,475	$1.74	44d	1	1.32mi
4037 Edgewood Rd Unit 1 Baltimore, MD	2.0	1.0	726	$1,100	$1.52	44d	1	1.33mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	44d	1	1.35mi
4411 Falls Bridge Dr Unit L Baltimore, MD	2.0	1.0	700	$1,395	$1.99	44d	1	1.39mi
4101 Fernhill Ave Unit 2W Baltimore, MD	1.0	1.0	761	$1,200	$1.58	24d	1	1.40mi
4008 Hilton Rd Unit 1st Fl Baltimore, MD	2.0	1.0	750	$1,295	$1.73	44d	1	1.40mi
4412 La Plata Ave Baltimore, MD	1.0–2.0	1.0	650	$1,534	$2.36	3d	12	1.43mi
1190 W Northern Pkwy Baltimore, MD	1.0–3.0	1.0–2.0	1265	$1,988	$1.57	3d	10	1.43mi
6310 Greenspring Ave Baltimore, MD	2.0–3.0	1.5–2.0	1080	$1,525	$1.41	3d	6	1.45mi

Listing history 24 events

1. 2026-06-18
   days on market $127,400 Active 73 DOM
2. 2026-06-17
   days on market $127,400 Active 72 DOM
3. 2026-06-16
   days on market $127,400 Active 71 DOM
4. 2026-06-15
   days on market $127,400 Active 70 DOM
5. 2026-06-13
   days on market $127,400 Active 68 DOM
6. 2026-06-09
   days on market $127,400 Active 64 DOM
7. 2026-06-08
   days on market $127,400 Active 63 DOM
8. 2026-06-07
   days on market $127,400 Active 62 DOM
9. 2026-06-04
   days on market $127,400 Active 59 DOM
10. 2026-06-03
    days on market $127,400 Active 58 DOM
11. 2026-06-02
    days on market $127,400 Active 57 DOM
12. 2026-06-01
    days on market $127,400 Active 56 DOM
13. 2026-05-31
    days on market $127,400 Active 55 DOM
14. 2026-05-12
    price $127,400 485-char remark

    Show marketing remark (485 chars)

    The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

15. 2026-05-04
    price $128,900 485-char remark

    Show marketing remark (485 chars)

    The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

16. 2026-04-21
    price $129,900 485-char remark

    Show marketing remark (485 chars)

    The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

17. 2026-04-18
    price $139,900 485-char remark

    Show marketing remark (485 chars)

    The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

18. 2026-04-13
    price $144,900 485-char remark

    Show marketing remark (485 chars)

    The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

19. 2026-04-06
    listed $149,900 Active 485-char remark

    Show marketing remark (485 chars)

    The perfect investment opportunity awaits you with this 2BR/1.5BA Townhome located on a quiet street in Levindale. This home features a covered front porch overlooking the spacious front yard, which includes green space and a mature tree. It also has sliding doors to a large wood deck in the fenced back yard and three floors of living space with a half bath on the lower level. Imagine the possibilities this home offers including close to shopping, restaurants, and commuter routes.

20. 2022-03-14
    soldstatus $46,300
21. 2011-09-07
    historical Withdrawn
22. 2011-09-07
    historical
23. 2011-05-04
    listed Active
24. 2011-05-03
    listed $70,000

ⓘ 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: $1,726 · $144/mo
• Projected year-2 tax: $1,726 · $144/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 6/10 Major 7 d/yr ≥104°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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,735
• − Mortgage interest: −$7,136
• − Property taxes: −$1,726
• − Insurance: −$637
• − Repairs & maintenance: −$1,419
• − Management: −$1,419
• − Depreciation: −$3,706
• Taxable income: $1,692
• Est. tax owed @ 24.0%: −$406
• After-tax cash flow: $3,225/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+82.0% since first listed

11 events — show timeline

• 2026-05-12 Price Changed $127,400 BRIGHT MLS
• 2026-05-04 Price Changed $128,900 BRIGHT MLS
• 2026-04-21 Price Changed $129,900 BRIGHT MLS
• 2026-04-18 Price Changed $139,900 BRIGHT MLS
• 2026-04-13 Price Changed $144,900 BRIGHT MLS
• 2026-04-06 Listed $149,900 BRIGHT MLS
• 2022-03-14 Sold (Public Records) $46,300 Public Records
• 2011-09-07 Delisted — MRIS
• 2011-09-07 Listing Removed — BRIGHT MLS
• 2011-05-04 Listed — MRIS
• 2011-05-03 Listed $70,000 BRIGHT MLS

Property tax history

-1.9%/yr

Latest (2025): $1,726 · +13.0% YoY. Source: county tax records.