1510 Sycamore St · Baltimore, MD 21226

$130,000

2 bd · 1.0 ba · 960 sqft · Townhouse public records · 138 Days on market

Built 1926 1,600 sqft lot $135/sqft · 26% above area Est $104k · 26% 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 +28.0/30.0
• DSCR +9.9/10.0
• Appreciation +8.9/10.0
• 1% rule +7.2/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

This is a great first property!! Whether you are an owner occupant or investor, this affordable and maintenance free home is the one. This is a low-risk investment with strong rental yield potential in an area with long term rental demand. This move-in ready 2-bedroom rowhome blends modern updates with classic Baltimore character. Step inside to discover stylish wood laminate flooring throughout, providing both durability and a sleek aesthetic. Each room is comfortably equipped with individual heating elements, while window are units nicely cool the property -- giving you full control of your comfort year-round. The main living and dining areas flow seamlessly into a functional and updated kitchen, while the finished basement offers valuable flex space, perfect for a home office, rec room, or guest area. There is in-unit laundry in the basement. Located in a well-established neighborhood, you’re just minutes from Druid Hill Park, Mondawmin Mall, and the Baltimore Zoo. Easy access to public transportation, local schools, and downtown Baltimore makes this a convenient and desirable location for homeowners and investors alike. Whether you're a first-time buyer or looking to expand your rental portfolio, 1510 Sycamore St is a smart and affordable opportunity.

Key facts

• In-unit laundry
• Finished basement
• Built 1926

Tags

• WOOD LAMINATE FLOORING
• INDIVIDUAL HEATING ELEMENTS
• FINISHED BASEMENT
• IN-UNIT LAUNDRY
• WELL-ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $406 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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: 45 active listings in the ZIP; 24 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).

Forward outlook

• In year one you build about $11k of equity ($899 loan paydown + $10k appreciation (7.8% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (7.8% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y 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 $13k; list at $130k implies a 900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 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 1926 — 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: 1.22% ✓
• Cap rate: 10.04%
• Cash-on-cash: 13.37%
• DSCR: 1.59
• GRM: 6.8

CMA / ARV

• ARV (median comp): $103,570
• List price: $130,000
• Delta: 25.52%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1347 Cambria St	0.12mi	3/2.5 (+1)	986 (+3%)	3mo	$177,000	$180	76
1150 Monroe Cir	0.14mi	3/1.0 (+1)	1,024 (+7%)	6mo	$55,000	$54	72
3601 9th St	0.50mi	3/1.0 (+1)	960 (0%)	7mo	$35,000	$36	66
3731 10th St	0.37mi	2/1.0	1,041 (+8%)	3mo	$125,000	$120	66
4523 Pennington Ave	0.42mi	2/2.0	1,008 (+5%)	4mo	$105,000	$104	64
4101 Morrison Ct	0.20mi	2/1.0	832 (-13%)	6mo	$32,500	$39	63
4221 Morrison Ct	0.28mi	2/1.5	832 (-13%)	1mo	$25,000	$30	62
4206 Grace Ct	0.26mi	2/1.0	832 (-13%)	6mo	$60,500	$73	60
3712 8th St	0.60mi	2/1.5	1,088 (+13%)	0mo	$60,000	$55	48
1607 Cereal St	0.64mi	2/1.0	840 (-12%)	6mo	$70,000	$83	44
4009 8th St	0.61mi	2/2.5	1,088 (+13%)	2mo	$223,000	$205	42
3948 Brooklyn Ave	0.70mi	3/1.5 (+1)	1,080 (+12%)	0mo	$90,000	$83	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

7.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.9%
• Equity multiple: 3.12×
• Total profit: $77,302
• Equity at exit: $96,560

10-year hold

• IRR: 26.8%
• Equity multiple: 6.63×
• Total profit: $205,034
• Equity at exit: $189,606

Cash invested: $36,400 (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 21226

• Home prices YoY: 2.5%
• Active inventory: 45
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,586 high
• Mortgage (P&I): −$682
• Tax from tax record: −$111 /mo · $1,334/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $406

Break-even live

Break-even rent $1,072

Max offer price $130,000

Occupancy floor 69%

Sensitivity live

Price	-10% $479	-5% $442	+0% $406	+5% $369	+10% $332
Rent	-10% $280	-5% $343	+0% $406	+5% $468	+10% $531
Rate	-1.0pp $471	-0.5pp $439	base $406	+0.5pp $372	+1.0pp $338

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1353 Cambria St Brooklyn, MD	3.0	2.0	986	$1,600	$1.62	19d	1	0.10mi
1305 E Patapsco Ave Brooklyn, MD	3.0	1.5	930	$1,650	$1.77	5d	1	0.17mi
1628 Plum St Apt B (CB) Baltimore, MD	1.0	1.0	800	$850	$1.06	25d	1	0.22mi
1049 E Patapsco Ave Unit a Baltimore, MD	2.0	1.0	748	$1,257	$1.68	45d	1	0.30mi
3826 10th St Unit Entire House Baltimore, MD	3.0	2.0	1110	$2,400	$2.16	25d	1	0.40mi
837 E Jeffrey St Unit 2 Baltimore, MD	1.0	1.0	1116	$900	$0.81	45d	1	0.52mi
837 E Jeffrey St Apt 1 Baltimore, MD	1.0	1.0	1116	$900	$0.81	19d	1	0.52mi
807 Stoll St Unit 1 Baltimore, MD	1.0	1.0	658	$1,000	$1.52	45d	1	0.58mi
3840 8th St Brooklyn, MD	3.0	1.5	1088	$1,606	$1.48	5d	1	0.62mi
3528 6th St Brooklyn, MD	2.0	2.5	1060	$1,500	$1.42	19d	1	0.79mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	5d	1	0.79mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	25d	1	0.79mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	21d	1	0.79mi
4206 Audrey Ave Brooklyn, MD	3.0	3.0	1104	$1,950	$1.77	25d	1	0.83mi
4206 Audrey Ave Brooklyn, MD	2.0	2.0	1104	$1,275	$1.15	45d	1	0.83mi
5215 Wasena Ave Brooklyn, MD	3.0	1.0	1030	$1,650	$1.60	45d	1	0.85mi
520 Baltic Ave Unit B Baltimore, MD	1.0	1.0	800	$1,050	$1.31	45d	1	0.87mi
5227 Patrick Henry Dr Brooklyn, MD	2.0	1.0	736	$1,326	$1.80	23d	1	0.94mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	19d	1	0.99mi
4400 4th St Unit BASEMENT Baltimore, MD	2.0	1.0	925	$1,350	$1.46	45d	1	1.02mi
4207 3rd St Unit 3 Brooklyn, MD	2.0	1.0	850	$1,595	$1.88	6d	1	1.07mi
1 Ballman Ct Unit 2 Baltimore, MD	2.0	1.0	700	$1,250	$1.79	45d	1	1.08mi
205 Arundel Rd W Brooklyn, MD	1.0	1.0	608	$1,200	$1.97	45d	1	1.42mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	25d	1	1.47mi

Listing history 29 events

1. 2026-06-21
   days on market $130,000 Active 138 DOM
2. 2026-06-18
   days on market $130,000 Active 135 DOM
3. 2026-06-17
   days on market $130,000 Active 134 DOM
4. 2026-06-16
   days on market $130,000 Active 133 DOM
5. 2026-06-15
   days on market $130,000 Active 132 DOM
6. 2026-06-13
   days on market $130,000 Active 130 DOM
7. 2026-06-09
   days on market $130,000 Active 126 DOM
8. 2026-06-08
   days on market $130,000 Active 125 DOM
9. 2026-06-07
   days on market $130,000 Active 124 DOM
10. 2026-06-04
    days on market $130,000 Active 121 DOM
11. 2026-06-03
    days on market $130,000 Active 120 DOM
12. 2026-06-02
    days on market $130,000 Active 119 DOM
13. 2026-06-01
    days on market $130,000 Active 118 DOM
14. 2026-05-31
    days on market $130,000 Active 117 DOM
15. 2026-02-03
    listed $130,000 Active 1282-char remark

    Show marketing remark (1282 chars)

    This is a great first property!! Whether you are an owner occupant or investor, this affordable and maintenance free home is the one. This is a low-risk investment with strong rental yield potential in an area with long term rental demand. This move-in ready 2-bedroom rowhome blends modern updates with classic Baltimore character. Step inside to discover stylish wood laminate flooring throughout, providing both durability and a sleek aesthetic. Each room is comfortably equipped with individual heating elements, while window are units nicely cool the property -- giving you full control of your comfort year-round. The main living and dining areas flow seamlessly into a functional and updated kitchen, while the finished basement offers valuable flex space, perfect for a home office, rec room, or guest area. There is in-unit laundry in the basement. Located in a well-established neighborhood, you’re just minutes from Druid Hill Park, Mondawmin Mall, and the Baltimore Zoo. Easy access to public transportation, local schools, and downtown Baltimore makes this a convenient and desirable location for homeowners and investors alike. Whether you're a first-time buyer or looking to expand your rental portfolio, 1510 Sycamore St is a smart and affordable opportunity.

16. 2026-02-01
    historical
17. 2025-08-05
    listed $140,000 Active
18. 2025-03-05
    historical $1,400
19. 2025-02-28
    listed $1,400
20. 2025-02-28
    historical $1,400
21. 2025-02-14
    price $1,400
22. 2025-01-28
    listed $1,650
23. 2025-01-26
    historical $1,650
24. 2025-01-22
    listed $1,650
25. 2025-01-22
    historical $1,650
26. 2024-11-22
    listed $1,650
27. 2019-09-05
    soldstatus $13,000 Closed
28. 2019-05-21
    status Pending
29. 2019-05-09
    listed $11,000 Active

ⓘ 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: $1,334 · $111/mo
• Projected year-2 tax: $1,376 · $115/mo
• Expected delta: +$41/yr (+$3/mo · 3.1%)

ⓘ 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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,027
• − Mortgage interest: −$7,282
• − Property taxes: −$1,334
• − Insurance: −$650
• − Repairs & maintenance: −$1,522
• − Management: −$1,522
• − Depreciation: −$3,782
• Taxable income: $2,935
• Est. tax owed @ 24.0%: −$704
• After-tax cash flow: $4,162/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
• City population: 588,727
• Population (ZIP): 6,593

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 0.61)
• Race & ethnicity: White 59% Black 18% Two or more races 13% Hispanic / Latino 8% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Slovak 7% Romanian 2% Scotch-Irish 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 7% Tagalog/Filipino 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: ▲ 7.75%
• Current HPI: 318.79
• Rent YoY: —
• Metro: —
• 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

+1081.8% since first listed

15 events — show timeline

• 2026-02-03 Listed $130,000 BRIGHT MLS
• 2026-02-01 Listing Removed — BRIGHT MLS
• 2025-08-05 Listed $140,000 BRIGHT MLS
• 2025-03-05 Rental Removed $1,400 RENTALBEAST
• 2025-02-28 Listed for Rent $1,400 RENTALBEAST
• 2025-02-28 Rental Removed $1,400 TURBOTENANT
• 2025-02-14 Price Changed $1,400 TURBOTENANT
• 2025-01-28 Listed for Rent $1,650 TURBOTENANT
• 2025-01-26 Rental Removed $1,650 RENTALBEAST
• 2025-01-22 Listed for Rent $1,650 RENTALBEAST
• 2025-01-22 Rental Removed $1,650 TURBOTENANT
• 2024-11-22 Listed for Rent $1,650 TURBOTENANT
• 2019-09-05 Sold (MLS) $13,000 BRIGHT MLS
• 2019-05-21 Pending — BRIGHT MLS
• 2019-05-09 Listed $11,000 BRIGHT MLS

Property tax history

-0.6%/yr

Latest (2025): $1,334 · +30.9% YoY. Source: county tax records.