3042 E Monument St · Baltimore, MD 21205

$169,000

3 bd · 2.0 ba · 826 sqft · Townhouse public records · 30 Days on market

Built 1915 Est $119k · 42% 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 +24.4/30.0
• DSCR +7.9/10.0
• 1% rule +5.5/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

BIG PRICE REDUCTION! This beautifully renovated EOG home has it all. This 3-bedroom 1.5 Bath home has wonderful high-end custom finishes. As you walk in, you are greeted with stunning wood floors that can be found through-out the home, highlighted with recessed lighting. The open floor plan leads you to your gourmet eat-in kitchen with stainless steel appliances, unique granite countertops, and tons of cabinet space. Continue through the rear door to the backyard, and you will find a privacy-fenced-in yard that is perfect for a coffee in the morning and cocktails in the evening. This rear-yard sanctuary is great for cookouts and entertaining family and friends. Throughout the home, you wil

Key facts

• Granite countertops
• Built 1915
• Listed 30 days

Tags

• GOURMET EAT-IN KITCHEN
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• PRIVACY-FENCED-IN YARD
• CUSTOM-BUILT BOOKCASES
• FULLY FINISHED BASEMENT

Property features AI

Finance

• Other: Above-grade finished area (estimated); Below-grade finished area (estimated)
• Financial info: Ground rent (semi-annually); Ownership includes ground rent

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: End of row townhouse
• Construction: Frame construction; Block foundation; Energy-efficient windows; Fully finished basement
• Exterior features: Privacy fencing; Corner lot

Interior

• Kitchen: Built-in microwave; Dishwasher; Disposal; Gas oven/range; Refrigerator; Stainless steel appliances
• Bedrooms: Two bedrooms on the upper level; One bedroom on the lower level
• Flooring: Wood floors
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans; Natural gas hot water
• Interior features: Built-ins; Ceiling fan(s); Open floor plan; Eat-in kitchen; Gourmet kitchen features; Recessed lighting; Wood floors; Estimated living area
• Laundry & utility: Washer/dryer hookups (main floor)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $169k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $166k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% 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 $1,783/mo this rent would consume 50% 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 $1k of loan paydown is wiped out by about $5k 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 $47k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 28y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $51k; list at $169k implies a 231% gain — meaningful room to come down on a strong offer.

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 $166,465 (1.5% below list)

Questions for the listing agent

1. Built in 1915 — 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. 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: 1.05% ✓
• Cap rate: 8.73%
• Cash-on-cash: 8.72%
• DSCR: 1.39
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $118,944
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
605 N East Ave	0.12mi	2/1.0 (-1)	896 (+8%)	7mo	$53,350	$60	66
615 N Clinton St	0.19mi	2/1.0 (-1)	920 (+11%)	3mo	$60,500	$66	61
2709 E Hoffman St	0.59mi	2/1.0 (-1)	840 (+2%)	1mo	$115,000	$137	60
155 N Streeper St	0.38mi	2/2.0 (-1)	912 (+10%)	0mo	$220,000	$241	60
3405 Mount Pleasant Ave	0.66mi	3/2.5	888 (+8%)	8mo	$162,500	$183	48
604 N Montford Ave	0.54mi	2/1.0 (-1)	900 (+9%)	5mo	$77,500	$86	47
211 Collington Ave	0.73mi	2/1.0 (-1)	780 (-6%)	3mo	$82,500	$106	46
2202 Prentiss Pl	0.73mi	2/2.0 (-1)	900 (+9%)	2mo	$160,000	$178	44
3516 Mount Pleasant Ave	0.67mi	2/1.0 (-1)	884 (+7%)	7mo	$117,000	$132	42
2207 Mullikin St	0.72mi	2/2.5 (-1)	924 (+12%)	5mo	$180,000	$195	36
107 S Dean St	0.72mi	2/1.0 (-1)	720 (-13%)	0mo	$104,000	$144	36
225 Madeira St N	0.69mi	2/1.5 (-1)	920 (+11%)	8mo	$212,000	$230	35

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: 2.0%
• Equity multiple: 1.08×
• Total profit: $3,895
• Equity at exit: $25,198

10-year hold

• IRR: 15.8%
• Equity multiple: 2.57×
• Total profit: $74,321
• Equity at exit: $14,612

Cash invested: $47,320 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,783 high
• Mortgage (P&I): −$886
• Tax from tax record: −$108 /mo · $1,297/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $344

Break-even live

Break-even rent $1,348

Max offer price $169,000

Occupancy floor 76%

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: $42,250
• Closing costs: $5,070
• 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	0.11mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	24d	1	0.26mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	2d	1	0.28mi
203 N Ellwood Ave Unit Main Baltimore, MD	2.0	2.0	880	$2,200	$2.50	24d	1	0.28mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	24d	1	0.30mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	20d	1	0.36mi
3205 Esther Pl Baltimore, MD	2.0	2.0	960	$1,850	$1.93	24d	1	0.36mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	24d	1	0.37mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	24d	1	0.40mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	4d	1	0.41mi
2608 E Fayette St Unit 1 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	14d	1	0.43mi
127 N Glover St Baltimore, MD	2.0	1.5	1110	$2,100	$1.89	2d	1	0.47mi
233 N Rose St Baltimore, MD	2.0	2.5	934	$1,750	$1.87	17d	1	0.47mi
224 N Rose St Baltimore, MD	2.0	2.5	1120	$1,875	$1.67	17d	1	0.48mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	43d	1	0.49mi
402 N Milton Ave Unit 402B Baltimore, MD	2.0	1.0	950	$1,290	$1.36	43d	1	0.50mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	21d	1	0.52mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	12d	1	0.52mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	43d	1	0.53mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	14d	1	0.53mi
437 N Montford Ave Baltimore, MD	3.0	1.5	1100	$1,450	$1.32	43d	1	0.53mi
104 N Rose St Baltimore, MD	3.0	2.0	936	$2,500	$2.67	43d	1	0.55mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	43d	1	0.58mi
3413 Leverton Ave Baltimore, MD	2.0	1.0	832	$1,000	$1.20	24d	1	0.58mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.58mi
107 N Port St Baltimore, MD	2.0	2.0	870	$1,995	$2.29	24d	1	0.59mi
16 N Bradford St Baltimore, MD	2.0	3.5	930	$2,400	$2.58	4d	1	0.70mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	43d	1	0.72mi
108 N Madeira St Baltimore, MD	2.0	2.0	1098	$1,900	$1.73	43d	1	0.74mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.80mi
400 S Highland Ave Unit 402 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	43d	1	0.84mi
223 Grundy St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	24d	1	0.84mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	19d	2	0.86mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	20d	1	0.86mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.88mi
321 Fagley St Baltimore, MD	2.0	1.0	800	$1,650	$2.06	20d	1	0.90mi
211 S Madeira St Baltimore, MD	2.0	1.0	819	$1,650	$2.01	4d	1	0.92mi
227 S Madeira St Baltimore, MD	2.0	2.5	1100	$2,200	$2.00	43d	1	0.93mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,820	$3.10	2d	20	0.97mi
643 S Potomac St Baltimore, MD	2.0	1.0	785	$1,650	$2.10	43d	1	1.01mi

Listing history 43 events

1. 2026-06-18
   days on market $169,000 Active 30 DOM
2. 2026-06-17
   price $169,000 Active 29 DOM
3. 2026-06-17
   days on market $179,000 Active 29 DOM
4. 2026-06-16
   days on market $179,000 Active 28 DOM
5. 2026-06-15
   days on market $179,000 Active 27 DOM
6. 2026-06-13
   days on market $179,000 Active 25 DOM
7. 2026-06-09
   days on market $179,000 Active 21 DOM
8. 2026-06-08
   days on market $179,000 Active 20 DOM
9. 2026-06-07
   days on market $179,000 Active 19 DOM
10. 2026-06-04
    days on market $179,000 Active 16 DOM
11. 2026-06-03
    days on market $179,000 Active 15 DOM
12. 2026-06-02
    days on market $179,000 Active 14 DOM
13. 2026-06-01
    days on market $179,000 Active 13 DOM
14. 2026-05-31
    days on market $179,000 Active 12 DOM
15. 2026-05-19
    listed $179,000 Active
16. 2026-04-27
    historical
17. 2026-04-14
    price $198,999
18. 2026-02-26
    listed $200,000 Active
19. 2026-02-24
    historical
20. 2025-09-09
    historical
21. 2025-06-25
    price $200,000
22. 2025-06-25
    status Active
23. 2025-06-03
    historical
24. 2025-04-09
    price $239,000
25. 2025-03-13
    listed $260,000 Active
26. 2025-03-10
    historical
27. 2023-05-23
    soldstatus $51,000
28. 2022-12-20
    soldstatus $51,000 Closed
29. 2022-11-18
    status Pending
30. 2022-11-14
    listed $50,000 Active
31. 2013-08-14
    historical Withdrawn
32. 2013-08-13
    historical
33. 2013-01-15
    status Contingent (No Kick Out)
34. 2012-12-18
    listed Active
35. 2012-12-17
    listed $20,000
36. 2012-05-29
    soldstatus $40,000
37. 1999-10-30
    historical
38. 1998-06-16
    listed
39. 1991-09-06
    soldstatus $39,000
40. 1990-05-18
    soldstatus $37,000
41. 1990-05-18
    soldstatus $39,000
42. 1990-01-05
    soldstatus $20,000
43. 1988-07-21
    soldstatus $22,000

ⓘ 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: $1,297 · $108/mo
• Projected year-2 tax: $1,569 · $131/mo
• Expected delta: +$273/yr (+$23/mo · 21.0%)

ⓘ 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: $21,395
• − Mortgage interest: −$9,467
• − Property taxes: −$1,297
• − Insurance: −$845
• − Repairs & maintenance: −$1,712
• − Management: −$1,712
• − Depreciation: −$4,916
• Taxable income: $1,447
• Est. tax owed @ 24.0%: −$347
• After-tax cash flow: $3,778/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

+713.6% since first listed

29 events — show timeline

• 2026-05-19 Listed $179,000 BRIGHT MLS
• 2026-04-27 Listing Removed — BRIGHT MLS
• 2026-04-14 Price Changed $198,999 BRIGHT MLS
• 2026-02-26 Listed $200,000 BRIGHT MLS
• 2026-02-24 Coming Soon — BRIGHT MLS
• 2025-09-09 Listing Removed — BRIGHT MLS
• 2025-06-25 Price Changed $200,000 BRIGHT MLS
• 2025-06-25 Relisted — BRIGHT MLS
• 2025-06-03 Listing Removed — BRIGHT MLS
• 2025-04-09 Price Changed $239,000 BRIGHT MLS
• 2025-03-13 Listed $260,000 BRIGHT MLS
• 2025-03-10 Coming Soon — BRIGHT MLS
• 2023-05-23 Sold (Public Records) $51,000 Public Records
• 2022-12-20 Sold (MLS) $51,000 BRIGHT MLS
• 2022-11-18 Pending — BRIGHT MLS
• 2022-11-14 Listed $50,000 BRIGHT MLS
• 2013-08-14 Delisted — MRIS
• 2013-08-13 Listing Removed — BRIGHT MLS
• 2013-01-15 Pending — MRIS
• 2012-12-18 Listed — MRIS
• 2012-12-17 Listed $20,000 BRIGHT MLS
• 2012-05-29 Sold (Public Records) $40,000 Public Records
• 1999-10-30 Delisted — MRIS
• 1998-06-16 Listed — MRIS
• 1991-09-06 Sold (Public Records) $39,000 Public Records
• 1990-05-18 Sold (Public Records) $39,000 Public Records
• 1990-05-18 Sold (Public Records) $37,000 Public Records
• 1990-01-05 Sold (Public Records) $20,000 Public Records
• 1988-07-21 Sold (Public Records) $22,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,297 · +10.1% YoY. Source: county tax records.