529 Cumberland St · Baltimore, MD 21217

$30,000

3 bd · 1.5 ba · 1,348 sqft · Townhouse public records · 35 Days on market

Built 1920 871 sqft lot $22/sqft · 59% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Look no further. You've found the home for your family. It features an eat in kitchen, a formal dining room large enough for entertaining and a 1st floor guest bath The lower level awaits your creativity. Pride of ownership is yours with some minor improvements, you have your perfect home. Don't miss this one. Near public transportation and walk to shopping, the library and many attractions

Key facts

• Two-story townhouse
• Druid hill park
• Built 1920

Tags

• TWO-STORY TOWNHOUSE
• DRUID HEIGHTS NEIGHBORHOOD
• DRUID HILL PARK
• MAJOR COMMUTER ROUTES
• EASY ACCESS TO DOWNTOWN
• NEIGHBORHOOD AMENITIES

Property features AI

Finance

• Financial info: Ground rent amount $85 (paid semi-annually); Total below-grade area 674 (unfinished); Above-grade finished area per assessor 1,348; Improvement and land assessed values reported (assessor)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heating
• Home design: Interior townhouse/rowhouse; Built year per assessor
• Construction: Brick construction; Other foundation type; Above-grade and below-grade structures
• Exterior features: Lot dimensions approximately 14-4 x 70; Ground rent in place (semi-annual payment)

Interior

• Bedrooms: 3 bedrooms on the first upper level
• Bathrooms: One full bathroom (all upper levels); One half bathroom on the main level
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Unfinished basement; Finished above-grade living area per assessor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $30k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $29k (3.0% below list) — sets the bar for market timing.
• Cap rate 51.9% 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 (+6.6%/yr); 331 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; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,733/mo this rent would consume 54% of the median local household income ($38k/yr) (locally 2921% 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 $207 of loan paydown is wiped out by about $900 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 + 6.6% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $29,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 5.78% ✓
• Cap rate: 51.90%
• Cash-on-cash: 162.87%
• DSCR: 8.25
• GRM: 1.4

CMA / ARV

• ARV (median comp): $73,179
• List price: $30,000
• Delta: -59.00%
• 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
2418 Druid Hill Ave	0.18mi	3/1.5	1,328 (-2%)	6mo	$77,000	$58	85
2115 Mcculloh St	0.28mi	3/1.5	1,350 (+0%)	4mo	$77,000	$57	84
700 Cumberland St	0.11mi	4/2.0 (+1)	1,280 (-5%)	3mo	$107,800	$84	77
1719 Baker St	0.31mi	2/1.0 (-1)	1,400 (+4%)	2mo	$19,250	$14	71
2453 Mcculloh St	0.26mi	3/1.0	1,460 (+8%)	3mo	$99,900	$68	69
2820 Woodbrook Ave	0.42mi	3/1.5	1,232 (-9%)	2mo	$85,000	$69	64
1735 N Payson St	0.46mi	3/1.5	1,250 (-7%)	6mo	$95,000	$76	62
2818 Woodbrook Ave	0.42mi	3/1.0	1,232 (-9%)	3mo	$45,500	$37	61
2311 Orem Ave	0.57mi	3/1.0	1,284 (-5%)	4mo	$35,000	$27	60
1901 Linden Ave	0.54mi	2/1.5 (-1)	1,240 (-8%)	1mo	$275,000	$222	55
1537 N Smallwood St	0.64mi	3/1.5	1,200 (-11%)	3mo	$56,000	$47	49
1722 N Bentalou St	0.71mi	4/2.0 (+1)	1,450 (+8%)	3mo	$245,000	$169	45

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 · 6.63% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.85×
• Total profit: $74,349
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 23.31×
• Total profit: $187,407
• Equity at exit: $2,594

Cash invested: $8,400 (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 21217

• Rents YoY: 6.6%
• Active inventory: 331
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,733 high
• Mortgage (P&I): −$157
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $1,140

Break-even live

Break-even rent $290

Max offer price $30,000

Occupancy floor 29%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
519 Sanford Pl Baltimore, MD	3.0	1.0	1300	$1,650	$1.27	16d	1	0.04mi
1614 N Calhoun St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	0.16mi
1624 Westwood Ave Baltimore, MD	3.0	2.0	1000	$1,900	$1.90	44d	1	0.18mi
2409 Francis St Baltimore, MD	3.0	1.0	1298	$1,500	$1.16	44d	1	0.19mi
1534 N Stricker St Baltimore, MD	2.0	1.5	900	$1,475	$1.64	15d	1	0.19mi
1205 Clendenin St Baltimore, MD	3.0	1.5	1560	$800	$0.51	24d	1	0.20mi
2143 Druid Hill Ave Unit 2 Baltimore, MD	2.0	1.0	915	$1,400	$1.53	44d	1	0.22mi
1806 N Mount St Baltimore, MD	3.0	3.0	1200	$1,700	$1.42	20d	1	0.22mi
2433 Druid Hill Ave Baltimore, MD	2.0	2.5	1092	$1,999	$1.83	44d	1	0.23mi
1515 Retreat St Baltimore, MD	3.0	2.0	1098	$1,800	$1.64	24d	1	0.23mi
2449 Druid Hill Ave Baltimore, MD	2.0	1.0	1100	$1,800	$1.64	44d	1	0.24mi
1507 Retreat St Unit 1 Baltimore, MD	3.0	3.0	1098	$2,500	$2.28	44d	1	0.24mi
1121 Whitelock St Baltimore, MD	2.0	1.0	1180	$1,300	$1.10	44d	1	0.25mi
2614 Pennsylvania Ave Baltimore, MD	1.0–3.0	1.0–2.0	982	$1,141	$1.16	4d	4	0.25mi
1315 Presstman St Baltimore, MD	4.0	2.0	1700	$2,000	$1.18	44d	1	0.26mi
2505 Woodbrook Ave Baltimore, MD	4.0	2.0	1256	$1,745	$1.39	2d	1	0.27mi
2028 Druid Hill Ave Unit 1 Baltimore, MD	3.0	2.5	1437	$1,750	$1.22	3d	1	0.27mi
2028 Druid Hill Ave Baltimore, MD	3.0	2.5	1437	$1,799	$1.25	11d	1	0.27mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	44d	1	0.27mi
2636 Pennsylvania Ave Baltimore, MD	1.0–2.0	1.0	846	$956	$1.13	24d	4	0.29mi
1516 N Mount St Baltimore, MD	3.0	1.5	1830	$1,750	$0.96	15d	1	0.30mi
2037 McCulloh St Unit 3 Baltimore, MD	2.0	2.0	937	$1,650	$1.76	18d	1	0.31mi
1346 N Carey St Baltimore, MD	2.0	1.5	1100	$1,500	$1.36	44d	1	0.31mi
1616 N Fulton Ave Baltimore, MD	3.0	2.0	1620	$1,795	$1.11	4d	1	0.33mi
2511 Madison Ave #2 Baltimore, MD	3.0	1.0	1100	$1,650	$1.50	44d	1	0.36mi
1931 McCulloh St Unit 1 Baltimore, MD	3.0	1.0	1000	$1,500	$1.50	44d	1	0.36mi
1920 McCulloh St Apt 2 Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	44d	1	0.37mi
2339 Eutaw Pl Ste 1 Baltimore, MD	2.0	1.0	1300	$1,275	$0.98	44d	1	0.38mi
1433 N Fulton Ave Baltimore, MD	2.0	1.0	1200	$1,500	$1.25	44d	1	0.38mi
1722 N Monroe St Baltimore, MD	3.0	1.5	1000	$1,350	$1.35	24d	1	0.39mi
2202 Brookfield Ave Baltimore, MD	2.0	1.0	980	$1,600	$1.63	44d	1	0.49mi
1930 N Payson St Baltimore, MD	2.0	2.0	980	$1,500	$1.53	24d	1	0.50mi
1829 Eutaw Pl Unit B Baltimore, MD	2.0	2.0	1278	$2,100	$1.64	4d	1	0.51mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	44d	1	0.52mi
823 Newington Ave Unit 1 Baltimore, MD	2.0	1.0	913	$1,700	$1.86	18d	1	0.54mi
2401 Brookfield Ave Baltimore, MD	2.0–3.0	1.0–2.0	1102	$1,675	$1.52	24d	3	0.55mi
2407 Brookfield Ave Unit 4 Baltimore, MD	2.0	2.0	1300	$1,550	$1.19	44d	1	0.56mi
1613 Riggs Ave Baltimore, MD	3.0	2.5	1800	$1,800	$1.00	24d	1	0.58mi
2231 Orem Ave Baltimore, MD	3.0	1.5	1140	$1,750	$1.54	17d	1	0.59mi
815 Lennox St Baltimore, MD	3.0	3.5	1600	$2,790	$1.74	24d	1	0.59mi

Listing history 22 events

1. 2026-06-18
   days on market $30,000 Active 35 DOM
2. 2026-06-17
   days on market $30,000 Active 34 DOM
3. 2026-06-16
   days on market $30,000 Active 33 DOM
4. 2026-06-15
   days on market $30,000 Active 32 DOM
5. 2026-06-13
   days on market $30,000 Active 30 DOM
6. 2026-06-09
   days on market $30,000 Active 26 DOM
7. 2026-06-08
   days on market $30,000 Active 25 DOM
8. 2026-06-07
   remarks 677-char remark
9. 2026-06-07
   days on market $30,000 Active 24 DOM
10. 2026-06-04
    days on market $30,000 Active 21 DOM
11. 2026-06-03
    days on market $30,000 Active 20 DOM
12. 2026-06-02
    days on market $30,000 Active 19 DOM
13. 2026-06-01
    days on market $30,000 Active 18 DOM
14. 2026-05-31
    days on market $30,000 Active 17 DOM
15. 2026-05-14
    listed $30,000 Active 675-char remark
16. 2017-08-16
    soldstatus $50,600
17. 2017-02-28
    soldstatus $33,000 398-char remark

    Show marketing remark (398 chars)

    Look no further. You've found the home for your family. It features an eat in kitchen, a formal dining room large enough for entertaining and a 1st floor guest bath The lower level awaits your creativity. Pride of ownership is yours with some minor improvements, you have your perfect home. Don't miss this one. Near public transportation and walk to shopping, the library and many attractions

18. 2017-02-28
    soldstatus $33,000 Sold

    Show marketing remark (398 chars)

    Look no further. You've found the home for your family. It features an eat in kitchen, a formal dining room large enough for entertaining and a 1st floor guest bath The lower level awaits your creativity. Pride of ownership is yours with some minor improvements, you have your perfect home. Don't miss this one. Near public transportation and walk to shopping, the library and many attractions

19. 2017-02-01
    status Contract

    Show marketing remark (398 chars)

    Look no further. You've found the home for your family. It features an eat in kitchen, a formal dining room large enough for entertaining and a 1st floor guest bath The lower level awaits your creativity. Pride of ownership is yours with some minor improvements, you have your perfect home. Don't miss this one. Near public transportation and walk to shopping, the library and many attractions

20. 2016-12-04
    price $37,500

    Show marketing remark (398 chars)

    Look no further. You've found the home for your family. It features an eat in kitchen, a formal dining room large enough for entertaining and a 1st floor guest bath The lower level awaits your creativity. Pride of ownership is yours with some minor improvements, you have your perfect home. Don't miss this one. Near public transportation and walk to shopping, the library and many attractions

21. 2016-09-27
    listed $39,000 Active

    Show marketing remark (398 chars)

    Look no further. You've found the home for your family. It features an eat in kitchen, a formal dining room large enough for entertaining and a 1st floor guest bath The lower level awaits your creativity. Pride of ownership is yours with some minor improvements, you have your perfect home. Don't miss this one. Near public transportation and walk to shopping, the library and many attractions

22. 1988-02-02
    soldstatus $14,100

ⓘ 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: $708 · $59/mo
• Projected year-2 tax: $708 · $59/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: $20,793
• − Mortgage interest: −$1,680
• − Property taxes: −$708
• − Insurance: −$150
• − Repairs & maintenance: −$1,663
• − Management: −$1,663
• − Depreciation: −$873
• Taxable income: $14,055
• Est. tax owed @ 24.0%: −$3,373
• After-tax cash flow: $10,308/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): 30,792
• Household income: $38,409
• Rent vs Own: 70.0% rent · 30.0% own
• Severe rent burden: 2921.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 1% Chinese 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: ▼ -187.20%
• Current HPI: 104.2102
• Rent YoY: ▲ 6.63%
• 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

+112.8% since first listed

8 events — show timeline

• 2026-05-14 Listed $30,000 BRIGHT MLS
• 2017-08-16 Sold (Public Records) $50,600 Public Records
• 2017-02-28 Sold (MLS) $33,000 MRIS
• 2017-02-28 Sold (MLS) $33,000 BRIGHT MLS
• 2017-02-01 Pending — MRIS
• 2016-12-04 Price Changed $37,500 MRIS
• 2016-09-27 Listed $39,000 MRIS
• 1988-02-02 Sold (Public Records) $14,100 Public Records

Property tax history

+2.9%/yr

Latest (2019): $708 · +0.0% YoY. Source: county tax records.