1205 E 43rd St · Baltimore, MD 21239

$219,900

4 bd · 1.5 ba · 1,480 sqft · Townhouse public records · 4 Days on market

Built 1985 3,135 sqft lot Est $249k · 12% under

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Why this score? — see what drove the D+ 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 +15.7/30.0
• ARV discount +12.7/15.0
• DSCR +4.8/10.0
• 1% rule +4.4/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable 3BR, 1.5BA ready for you! Many updates throughout, including freshly painted in neutral colors and low-maintenance plank flooring. Well-designed kitchen with plenty of cabinetry for storage, granite countertops, and all appliances. Three nice-sized bedrooms on the upper level, ready for your personal touch. Hurry, this one won't last!

Key facts

• New kitchen
• Updated bathrooms
• Fenced backyard

Tags

• NEW KITCHEN
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOMS
• FENCED BACKYARD
• OFF-STREET PARKING
• FULLY FINISHED BASEMENT

Property features AI

Finance

• Other: Total below-grade finished area reported; Finished above-grade area reported; Ground rent payment frequency: annually

Exterior

• Parking: Driveway; On-street parking
• Utilities: Public water; Public sewer; Electric service available
• Home design: Semi-detached property; Fee simple ownership; Not in a federal flood zone
• Construction: Brick construction; Block foundation; Shingle roof; Double-pane windows; Pets allowed with no pet restrictions; Year built reported from assessor
• Exterior features: Sidewalks; Wood and chain link fencing; Above-grade and below-grade structures

Interior

• Kitchen: Refrigerator; Stove; Freezer
• Bedrooms: Three bedrooms on the first upper level; One bedroom on the first lower level; Rooms listed include living room, dining room, master bedroom, and two additional bedrooms
• Flooring: Luxury vinyl plank flooring
• Bathrooms: One full bathroom on the first upper level; One half bathroom on the main level; Total: one full bath and one half bath
• Heating & cooling: Forced air heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Traditional floor plan; Open combination kitchen/living area; Open combination kitchen/dining area; Basement present (other type)
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $220k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/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 $207k (5.7% below list).
• Recommended offer: $207k (5.7% 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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Digital Harbor High School (math 2% / reading 8%, grade F, #208 of 222 statewide, top 97%, 1,591 students, 70% FRL) — zoned schools at 78% FRL track the district average.
• Market conditions: Rents rising (+2.9%/yr); 72 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 ($63k/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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 17y 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 $151k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $207,385 (5.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.94% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.84%
• DSCR: 1.08
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $248,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1101 Andover Rd	0.54mi	4/2.0	1,500 (+1%)	2mo	$257,000	$171	69
5019 Midwood Ave	0.46mi	3/2.0 (-1)	1,455 (-2%)	2mo	$198,000	$136	67
1537 Stonewood Rd	0.55mi	4/2.0	1,550 (+5%)	1mo	$310,000	$200	64
1647 Stonewood Rd	0.71mi	3/1.0 (-1)	1,520 (+3%)	2mo	$160,000	$105	54
3825 Elkader Rd	0.70mi	4/2.0	1,352 (-9%)	1mo	$275,000	$203	50
3807 Elkader Rd	0.73mi	4/2.0	1,352 (-9%)	0mo	$235,000	$174	49
1200 Woodbourne Ave	0.70mi	4/3.0	1,364 (-8%)	2mo	$196,100	$144	47
827 Belgian Ave	0.44mi	3/2.0 (-1)	1,260 (-15%)	2mo	$130,000	$103	46
1644 E Cold Spring Ln	0.58mi	4/2.0	1,694 (+14%)	1mo	$285,000	$168	46
804 Mccabe Ave	0.67mi	3/2.5 (-1)	1,620 (+10%)	2mo	$199,900	$123	43
4662 Kernwood Ave	0.72mi	3/1.5 (-1)	1,652 (+12%)	1mo	$240,000	$145	41
1510 Medford Rd	0.60mi	3/2.0 (-1)	1,700 (+15%)	2mo	$285,000	$168	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 · 2.86% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.52×
• Total profit: $-29,850
• Equity at exit: $32,788

10-year hold

• IRR: -4.8%
• Equity multiple: 0.69×
• Total profit: $-19,237
• Equity at exit: $19,013

Cash invested: $61,572 (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 21239

• Rents YoY: 2.9%
• Active inventory: 72
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,074 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$299 /mo · $3,587/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $95

Break-even live

Break-even rent $1,954

Max offer price $219,900

Occupancy floor 90%

Sensitivity live

Price	-10% $219	-5% $157	+0% $95	+5% $32	+10% $-30
Rent	-10% $-69	-5% $13	+0% $95	+5% $177	+10% $258
Rate	-1.0pp $205	-0.5pp $151	base $95	+0.5pp $38	+1.0pp $-20

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1224 Winston Ave Baltimore, MD	3.0	2.0	1248	$2,100	$1.68	19d	1	0.38mi
720 Springfield Ave Baltimore, MD	3.0	1.0	1160	$2,000	$1.72	45d	1	0.42mi
804 Radnor Ave Baltimore, MD	3.0	1.0	1654	$2,000	$1.21	45d	1	0.42mi
1275 Kitmore Rd Unit 1245K-T Baltimore, MD	3.0	1.0	935	$1,895	$2.03	6d	1	0.43mi
706 E 43rd St Baltimore, MD	4.0	1.5	1596	$1,899	$1.19	4d	1	0.45mi
1545 E Cold Spring Ln Baltimore, MD	4.0	2.0	1240	$2,000	$1.61	45d	1	0.46mi
1539 Ralworth Rd Baltimore, MD	3.0	2.0	1580	$1,950	$1.23	16d	1	0.47mi
1617 Argonne Dr Baltimore, MD	4.0	2.0	1200	$2,550	$2.12	45d	1	0.48mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	45d	1	0.52mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	22d	1	0.52mi
5204 Kelway Rd Baltimore, MD	3.0	2.0	1666	$2,350	$1.41	25d	1	0.54mi
531 Willow Ave Unit Na Baltimore, MD	4.0	1.0	1300	$1,800	$1.38	22d	1	0.55mi
1221 Glenwood Ave Baltimore, MD	3.0	2.0	1390	$2,595	$1.87	45d	1	0.57mi
1575 Stonewood Rd Baltimore, MD	3.0	1.5	1216	$2,200	$1.81	0d	1	0.62mi
5001 Govane Ave Baltimore, MD	5.0	2.5	1200	$1,800	$1.50	25d	1	0.63mi
514 Radnor Ave Baltimore, MD	3.0	1.5	1575	$1,500	$0.95	46d	1	0.64mi
513 E 41st St Baltimore, MD	4.0	1.5	1620	$1,900	$1.17	45d	1	0.65mi
543 Chateau Ave Baltimore, MD	3.0	2.0	1152	$1,900	$1.65	6d	1	0.69mi
3721 Ellerslie Ave Baltimore, MD	1.0–3.0	1.0–2.0	924	$1,603	$1.73	0d	1	0.72mi
711 1/2 McCabe Ave Baltimore, MD	4.0	3.0	1204	$2,350	$1.95	6d	1	0.73mi
510 Winston Ave Baltimore, MD	4.0	2.0	1600	$2,800	$1.75	22d	1	0.73mi
925 Chestnut Hill Ave Baltimore, MD	3.0	1.0	1280	$1,895	$1.48	0d	1	0.76mi
3616 Yolando Rd Baltimore, MD	3.0	2.0	1360	$1,900	$1.40	0d	1	0.80mi
5200 Ready Ave Baltimore, MD	3.0	1.5	1116	$1,950	$1.75	5d	1	0.83mi
1008 Tunbridge Rd Baltimore, MD	3.0	2.0	1732	$2,050	$1.18	25d	1	0.85mi
1502 Fernley Rd Baltimore, MD	3.0	2.0	1350	$2,800	$2.07	45d	1	0.87mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	45d	1	0.90mi
5622 Midwood Ave Baltimore, MD	3.0	2.0	1452	$2,300	$1.58	45d	1	0.99mi
724 E 35th St Baltimore, MD	3.0	1.5	1368	$2,000	$1.46	16d	1	0.99mi
1804 Winford Rd Baltimore, MD	3.0	1.5	1600	$2,100	$1.31	25d	1	1.02mi
3529 Greenmount Ave Baltimore, MD	3.0	2.0	1316	$1,575	$1.20	45d	1	1.05mi
828 Saint Dunstans Rd Baltimore, MD	3.0	2.0	1544	$2,000	$1.30	25d	1	1.14mi
3222 Ellerslie Ave Baltimore, MD	4.0	1.5	1550	$1,950	$1.26	45d	1	1.17mi
2028 Hillenwood Rd Baltimore, MD	4.0	2.0	1820	$2,100	$1.15	23d	1	1.21mi
1702 E 32nd St Baltimore, MD	3.0	2.0	1344	$2,300	$1.71	45d	1	1.22mi
348 E University Pkwy Baltimore, MD	4.0	2.0	1809	$2,400	$1.33	45d	1	1.27mi
1726 E Belvedere Ave Baltimore, MD	3.0	2.0	1140	$1,895	$1.66	23d	1	1.30mi
917 Reverdy Rd Unit A Baltimore, MD	3.0	1.0	1200	$2,100	$1.75	45d	1	1.31mi
2915 Kirk Ave Baltimore, MD	4.0	2.5	1710	$2,200	$1.29	0d	1	1.32mi
616 Montpelier St Baltimore, MD	3.0	1.0	1150	$1,750	$1.52	12d	1	1.32mi

Listing history 4 events

1. 2026-06-21
   days on market $219,900 Active 4 DOM
2. 2026-06-18
   status $219,900 Active 1 DOM
3. 2026-06-17
   remarks 663-char remark
4. 2026-06-17
   listed $219,900 Coming Soon 1 DOM

ⓘ 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: $3,587 · $299/mo
• Projected year-2 tax: $3,587 · $299/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 · 14 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: $24,886
• − Mortgage interest: −$12,318
• − Property taxes: −$3,587
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,991
• − Management: −$1,991
• − Depreciation: −$6,397
• Taxable loss: −$2,497
• Est. tax savings @ 24.0%: +$599
• After-tax cash flow: $1,735/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): 27,346
• Household income: $62,650
• Rent vs Own: 44.8% rent · 55.2% own
• Severe rent burden: 1103.0

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 (76%)
• Race & ethnicity: Black 76% White 12% Asian 4% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Lithuanian 1% Romanian 1% Russian 1%
• Foreign-born: 10% · Canada, United Kingdom, China
• Languages at home: 88% English-only · Other Indo-European 3% Spanish 2% French/Haitian/Cajun 2%

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: ▼ -164.48%
• Current HPI: 258.094
• Rent YoY: ▲ 2.86%
• 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

+314.9% since first listed

26 events — show timeline

• 2026-06-17 Coming Soon $219,900 BRIGHT MLS
• 2023-11-16 Price Changed $139,000 BRIGHT MLS
• 2023-11-10 Sold (MLS) $151,000 BRIGHT MLS
• 2023-10-20 Pending — BRIGHT MLS
• 2023-10-20 Price Changed $149,900 BRIGHT MLS
• 2023-10-18 Price Changed $145,000 BRIGHT MLS
• 2023-09-01 Price Changed $199,000 BRIGHT MLS
• 2023-08-12 Price Changed $210,000 BRIGHT MLS
• 2023-07-01 Price Changed $215,000 BRIGHT MLS
• 2023-04-13 Listed $230,000 BRIGHT MLS
• 2023-04-04 Coming Soon $230,000 BRIGHT MLS
• 2021-11-19 Sold (MLS) $169,900 BRIGHT MLS
• 2021-09-17 Contingent — BRIGHT MLS
• 2021-09-09 Listed $169,900 BRIGHT MLS
• 2019-11-18 Sold (Public Records) $99,900 Public Records
• 2019-11-07 Sold (MLS) $99,900 BRIGHT MLS
• 2019-10-03 Pending — BRIGHT MLS
• 2019-09-19 Listed $109,900 BRIGHT MLS
• 2009-12-17 Delisted — MRIS
• 2009-12-16 Listing Removed — BRIGHT MLS
• 2009-11-10 Price Changed — MRIS
• 2009-11-07 Price Changed — MRIS
• 2009-10-03 Listed — MRIS
• 2009-10-03 Listed $119,900 BRIGHT MLS
• 1996-03-05 Sold (Public Records) $57,551 Public Records
• 1988-08-04 Sold (Public Records) $53,000 Public Records

Property tax history

-2.3%/yr

Latest (2025): $3,587 · -0.7% YoY. Source: county tax records.