527 N Potomac St · Baltimore, MD 21205

$109,000

3 bd · 1.5 ba · 1,142 sqft · Townhouse public records · 313 Days on market

Built 1915 871 sqft lot $95/sqft · 22% above area Est $122k · 11% 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 +12.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

POST AUCTION/BUY NOW: MAKE AN OFFER! This two-story townhouse is located in the Ellwood Park/Monument neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, Northeast Market, and Johns Hopkins Hospital. This property is rented. The location offers convenient vehicular access via Pulaski Highway (U. S. Route 40), linking directly into Baltimore’s main arterial roadway system.

Key facts

• 2 story townhouse
• Built 1915
• Listed 313 days

Tags

• 2 STORY TOWNHOUSE
• ELLWOOD PARK/MONUMENT AREA
• MINUTES TO PATTERSON PARK

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $109k.

Deal economics

• At list price, monthly cash flow is $709 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $109k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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 fast (+9.9%/yr); 143 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); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,902/mo this rent would consume 53% of the median local household income ($43k/yr) (locally 966% 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 $754 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 + 8.0% rent growth), your $31k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 313 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 30y ago; this cycle's ask is 98% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $90k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1915 — 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 $95,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 313 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 1915 — 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: 1.74% ✓
• Cap rate: 14.10%
• Cash-on-cash: 27.89%
• DSCR: 2.24
• GRM: 4.8

CMA / ARV

• ARV (median comp): $122,066
• List price: $109,000
• Delta: -10.70%
• 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
629 N Kenwood Ave	0.17mi	2/1.5 (-1)	1,100 (-4%)	1mo	$76,500	$70	80
2712 Ashland Ave	0.34mi	3/1.5	1,164 (+2%)	1mo	$175,000	$150	80
122 Ellwood Ave	0.26mi	3/1.5	1,200 (+5%)	0mo	$235,000	$196	79
3135 Mcelderry St	0.14mi	3/2.0	1,224 (+7%)	1mo	$234,000	$191	79
134 N Curley St	0.25mi	2/2.0 (-1)	1,170 (+2%)	1mo	$270,000	$231	77
149 N Highland Ave	0.36mi	2/1.0 (-1)	1,170 (+2%)	1mo	$75,000	$64	71
2736 Mura St	0.59mi	3/2.0	1,120 (-2%)	0mo	$81,000	$72	67
410 N Patterson Park Ave	0.56mi	3/1.0	1,180 (+3%)	0mo	$180,000	$153	66
14 S Curley St	0.41mi	2/1.0 (-1)	1,092 (-4%)	1mo	$269,000	$246	66
2435 Jefferson St	0.42mi	3/1.0	1,260 (+10%)	1mo	$140,000	$111	61
410 N Chester St	0.70mi	2/1.5 (-1)	1,260 (+10%)	0mo	$180,000	$143	44
280 S Robinson St	0.63mi	2/1.0 (-1)	1,282 (+12%)	1mo	$294,000	$229	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 27.7%
• Equity multiple: 2.23×
• Total profit: $37,624
• Equity at exit: $16,252

10-year hold

• IRR: 38.2%
• Equity multiple: 5.49×
• Total profit: $136,907
• Equity at exit: $9,424

Cash invested: $30,520 (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 21205

• Home prices YoY: -5.8%
• Rents YoY: 9.9%
• Active inventory: 143
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,902 high
• Mortgage (P&I): −$572
• Tax from tax record: −$176 /mo · $2,114/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $709

Break-even live

Break-even rent $1,004

Max offer price $109,000

Occupancy floor 58%

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	43d	1	0.04mi
2934 E Monument St Baltimore, MD	2.0	1.0	1200	$1,499	$1.25	43d	1	0.09mi
718 N Curley St Baltimore, MD	3.0	3.0	1500	$2,000	$1.33	4d	1	0.13mi
724 N Curley St Baltimore, MD	3.0	3.0	1500	$2,200	$1.47	4d	1	0.14mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,200	$1.67	23d	1	0.16mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,100	$1.59	16d	1	0.16mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	17d	1	0.19mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	14d	1	0.19mi
2815 Orleans St Baltimore, MD	2.0	1.0	1204	$1,600	$1.33	1d	1	0.19mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	23d	1	0.19mi
2815 E Madison St Baltimore, MD	4.0	2.0	1300	$2,500	$1.92	43d	1	0.19mi
3304 McElderry St Baltimore, MD	3.0	2.0	1413	$1,900	$1.34	43d	1	0.20mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	23d	1	0.22mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,900	$1.62	21d	1	0.23mi
203 N Ellwood Ave Unit Main Baltimore, MD	2.0	2.0	880	$2,200	$2.50	23d	1	0.23mi
150 N Curley St Baltimore, MD	2.0	2.5	1266	$1,850	$1.46	17d	1	0.26mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	2d	1	0.28mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	20d	1	0.29mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	23d	1	0.29mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,550	$1.35	23d	1	0.29mi
3205 Esther Pl Baltimore, MD	2.0	2.0	960	$1,850	$1.93	23d	1	0.32mi
218 N Glover St Baltimore, MD	2.0	2.0	1360	$1,750	$1.29	43d	1	0.34mi
34 N Linwood Ave Baltimore, MD	2.0	1.5	1288	$2,400	$1.86	23d	1	0.34mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	4d	1	0.34mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	43d	1	0.34mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	43d	1	0.34mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	23d	1	0.35mi
2608 E Fayette St Unit 1 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	14d	1	0.35mi
225 N Luzerne Ave Baltimore, MD	3.0	1.0	1198	$1,350	$1.13	19d	1	0.35mi
17 N East Ave Baltimore, MD	2.0	2.0	1326	$2,550	$1.92	23d	1	0.37mi
113 N Clinton St Baltimore, MD	2.0	1.0	1300	$1,995	$1.53	43d	1	0.37mi
127 N Glover St Baltimore, MD	2.0	1.5	1110	$2,100	$1.89	2d	1	0.38mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	23d	1	0.38mi
233 N Rose St Baltimore, MD	2.0	2.5	934	$1,750	$1.87	17d	1	0.38mi
227 N Rose St Baltimore, MD	2.0	4.0	1420	$1,600	$1.13	23d	1	0.38mi
425 N Milton Ave Baltimore, MD	3.0	1.0	1200	$1,525	$1.27	14d	1	0.39mi
230 N Rose St Baltimore, MD	2.0	1.5	1200	$1,545	$1.29	43d	1	0.40mi
224 N Rose St Baltimore, MD	2.0	2.5	1120	$1,875	$1.67	17d	1	0.40mi
402 N Milton Ave Unit 402B Baltimore, MD	2.0	1.0	950	$1,290	$1.36	43d	1	0.42mi
1 N Clinton St Baltimore, MD	4.0	1.5	1200	$1,700	$1.42	19d	1	0.43mi

Listing history 30 events

1. 2026-06-18
   days on market $109,000 Active 313 DOM
2. 2026-06-17
   days on market $109,000 Active 312 DOM
3. 2026-06-16
   days on market $109,000 Active 311 DOM
4. 2026-06-15
   days on market $109,000 Active 310 DOM
5. 2026-06-13
   days on market $109,000 Active 308 DOM
6. 2026-06-09
   days on market $109,000 Active 304 DOM
7. 2026-06-08
   days on market $109,000 Active 303 DOM
8. 2026-06-07
   days on market $109,000 Active 302 DOM
9. 2026-06-04
   days on market $109,000 Active 299 DOM
10. 2026-06-03
    days on market $109,000 Active 298 DOM
11. 2026-06-02
    days on market $109,000 Active 297 DOM
12. 2026-06-01
    days on market $109,000 Active 296 DOM
13. 2026-05-31
    days on market $109,000 Active 295 DOM
14. 2026-03-26
    price $109,000 427-char remark

    Show marketing remark (427 chars)

    POST AUCTION/BUY NOW: MAKE AN OFFER! This two-story townhouse is located in the Ellwood Park/Monument neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, Northeast Market, and Johns Hopkins Hospital. This property is rented. The location offers convenient vehicular access via Pulaski Highway (U. S. Route 40), linking directly into Baltimore’s main arterial roadway system.

15. 2025-10-24
    status Active 427-char remark

    Show marketing remark (427 chars)

    POST AUCTION/BUY NOW: MAKE AN OFFER! This two-story townhouse is located in the Ellwood Park/Monument neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, Northeast Market, and Johns Hopkins Hospital. This property is rented. The location offers convenient vehicular access via Pulaski Highway (U. S. Route 40), linking directly into Baltimore’s main arterial roadway system.

16. 2025-10-12
    historical 427-char remark

    Show marketing remark (427 chars)

    POST AUCTION/BUY NOW: MAKE AN OFFER! This two-story townhouse is located in the Ellwood Park/Monument neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, Northeast Market, and Johns Hopkins Hospital. This property is rented. The location offers convenient vehicular access via Pulaski Highway (U. S. Route 40), linking directly into Baltimore’s main arterial roadway system.

17. 2025-07-28
    listed $55,000 Active 427-char remark

    Show marketing remark (427 chars)

    POST AUCTION/BUY NOW: MAKE AN OFFER! This two-story townhouse is located in the Ellwood Park/Monument neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, Northeast Market, and Johns Hopkins Hospital. This property is rented. The location offers convenient vehicular access via Pulaski Highway (U. S. Route 40), linking directly into Baltimore’s main arterial roadway system.

18. 2024-03-22
    soldstatus $90,000
19. 2022-08-23
    soldstatus $114,000
20. 2019-12-18
    historical
21. 2019-08-13
    listed $78,000 Active
22. 2005-07-28
    soldstatus $62,000
23. 2005-05-06
    soldstatus $62,000
24. 2005-03-07
    historical
25. 2005-01-24
    listed $62,000
26. 1996-07-11
    soldstatus $30,000
27. 1996-06-06
    soldstatus $30,000
28. 1996-02-27
    listed $30,000
29. 1996-02-27
    historical
30. 1986-04-23
    soldstatus $23,360

ⓘ 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: $2,114 · $176/mo
• Projected year-2 tax: $2,114 · $176/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 8/10 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: $22,824
• − Mortgage interest: −$6,106
• − Property taxes: −$2,114
• − Insurance: −$545
• − Repairs & maintenance: −$1,826
• − Management: −$1,826
• − Depreciation: −$3,171
• Taxable income: $7,237
• Est. tax owed @ 24.0%: −$1,737
• After-tax cash flow: $6,776/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): 13,013
• Household income: $43,176
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 966.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 60% Hispanic / Latino 16% White 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 1% Cuban 1% Dominican 4%
• Common ancestry: Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 79% English-only · Spanish 11% Arabic 4% 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: ▼ -15.03%
• Current HPI: 244.1345
• Rent YoY: ▲ 9.88%
• 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

+366.6% since first listed

17 events — show timeline

• 2026-03-26 Price Changed $109,000 BRIGHT MLS
• 2025-10-24 Relisted — BRIGHT MLS
• 2025-10-12 Listing Removed — BRIGHT MLS
• 2025-07-28 Listed $55,000 BRIGHT MLS
• 2024-03-22 Sold (Public Records) $90,000 Public Records
• 2022-08-23 Sold (Public Records) $114,000 Public Records
• 2019-12-18 Listing Removed — BRIGHT MLS
• 2019-08-13 Listed $78,000 BRIGHT MLS
• 2005-07-28 Sold (Public Records) $62,000 Public Records
• 2005-05-06 Sold (MLS) $62,000 MRIS
• 2005-03-07 Delisted — MRIS
• 2005-01-24 Listed $62,000 MRIS
• 1996-07-11 Sold (Public Records) $30,000 Public Records
• 1996-06-06 Sold (MLS) $30,000 MRIS
• 1996-02-27 Listed $30,000 MRIS
• 1996-02-27 Delisted — MRIS
• 1986-04-23 Sold (Public Records) $23,360 Public Records

Property tax history

+2.0%/yr

Latest (2025): $2,114 · +4.7% YoY. Source: county tax records.