2630 E Monument St · Baltimore, MD 21205

$147,500

2 bd · 1.0 ba · 572 sqft · Townhouse public records · 7 Days on market

Built 1890 871 sqft lot Est $105k · 41% over

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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 +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +5.1/10.0
• 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

PARKING PAD! - Agent to accompany all showing agents. It’s your chance to obtain a rehabbed Baltimore City Investment property. PARKING PAD! Large spacious row home in Baltimore City near Patterson Park and local transit to make traveling easy. Don't miss this amazing home with three good-sized bedrooms, lots of closet space, a walk-out balcony from the back bedroom, and one-and-half baths. No more looking for parking! You'll have your parking pad in the back to walk into your own home! The kitchen is updated with a gas stove, a spacious refrigerator, and lots of counter space and cabinets. Notice the well-kept hardwood floors throughout. The half bath on the first floor means you don

Key facts

• Parking
• Built 1890
• Listed 6 days

Property features AI

Finance

• Other: Annual ground rent listed under income/expense
• Financial info: Ownership is ground rent with $240 annual ground rent; Land assessed separately from improvements

Exterior

• Parking: One total garage/parking space; Off-street parking and driveway available; On-street parking; Secure parking
• Utilities: Public water; Public septic; Electric service available; Sewer available
• Home design: Interior townhouse/rowhouse; Year built estimated
• Construction: Brick construction; Brick/mortar foundation; Asphalt roof; Above-grade other structures
• Exterior features: Not in a federal flood zone; Ground rent exists (paid annually)

Interior

• Bedrooms: Two bedrooms on the first upper level
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Radiator heat; Natural gas hot water; Central air conditioning (electric)
• Interior features: Estimated living area; Unfinished basement with outside entrance, connecting stairway, rear entrance, daylight/partial exposure, and full-height areas

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $148k.

Deal economics

• At list price, monthly cash flow is $285 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $148k).
• Cap rate 8.6% 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); 145 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• This rent runs 42% of the median local income ($43k/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 $1k of loan paydown is wiped out by about $4k 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 $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 17 sale attempts since 25y ago; this cycle's ask has dropped $11k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; list at $148k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $147,500

Questions for the listing agent

1. Built in 1890 — 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. 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?
6. 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.
7. 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.
8. 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: 1.01% ✓
• Cap rate: 8.61%
• Cash-on-cash: 8.28%
• DSCR: 1.37
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $104,676
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2305 Ashland Ave	0.28mi	3/1.0 (+1)	616 (+8%)	4mo	$78,000	$127	66
506 N Patterson Park Ave	0.33mi	3/1.5 (+1)	640 (+12%)	8mo	$78,000	$122	52
203 S Madeira St	0.75mi	2/1.0	601 (+5%)	7mo	$110,250	$183	51
2107 Moyer St	0.60mi	1/1.5 (-1)	624 (+9%)	13mo	$195,000	$313	39
7 N Chester St N Unit 7E	0.63mi	1/1.0 (-1)	537 (-6%)	21mo	$182,000	$339	38

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: 1.3%
• Equity multiple: 1.05×
• Total profit: $2,098
• Equity at exit: $21,993

10-year hold

• IRR: 15.0%
• Equity multiple: 2.48×
• Total profit: $60,977
• Equity at exit: $12,753

Cash invested: $41,300 (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: 145
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,497 high
• Mortgage (P&I): −$774
• Tax from tax record: −$63 /mo · $752/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $285

Break-even live

Break-even rent $1,136

Max offer price $147,500

Occupancy floor 76%

Sensitivity live

Price	-10% $368	-5% $327	+0% $285	+5% $243	+10% $201
Rent	-10% $167	-5% $226	+0% $285	+5% $344	+10% $403
Rate	-1.0pp $359	-0.5pp $322	base $285	+0.5pp $247	+1.0pp $208

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	5d	1	0.16mi
400 N Rose St #1 Baltimore, MD	1.0	1.0	588	$1,080	$1.84	44d	1	0.24mi
723 N Patterson Park Ave Baltimore, MD	1.0	1.0	350	$1,000	$2.86	44d	1	0.27mi
1323 N Kenwood Ave Unit 2 Baltimore, MD	1.0	1.0	600	$950	$1.58	44d	1	0.54mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	25d	1	0.57mi
1401 N Potomac St Unit 1 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	18d	1	0.62mi
107 S Collington Ave Unit 2 REAR Baltimore, MD	1.0	1.0	600	$1,800	$3.00	5d	1	0.68mi
3344 E Baltimore St Unit 2 Baltimore, MD	1.0	1.0	545	$1,250	$2.29	44d	1	0.71mi
1901 E Lombard St Apt 3 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	5d	1	0.81mi
1901 E Lombard St Baltimore, MD	1.0	1.0	660	$1,800	$2.73	23d	1	0.81mi
1901 E Lombard St Baltimore, MD	1.0	1.0	702	$1,750	$2.49	44d	1	0.81mi
1901 E Lombard St Apt 2 Baltimore, MD	1.0	1.0	650	$1,650	$2.54	3d	1	0.81mi
1901 E Lombard St Baltimore, MD	1.0	1.0	650	$1,750	$2.69	25d	1	0.81mi
1901 E Lombard St Apt 4 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	23d	1	0.81mi
1901 E Lombard St Apt 3 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	15d	1	0.81mi
1600 N Chester St Baltimore, MD	1.0	1.0	715	$636	$0.89	25d	1	0.83mi
305 S Collington Ave Baltimore, MD	3.0	2.5	722	$2,895	$4.01	18d	1	0.85mi
201 S Conkling St Baltimore, MD	1.0	1.0	740	$1,500	$2.03	3d	2	0.94mi
2309 Eastern Ave Unit B Baltimore, MD	1.0	1.0	550	$1,295	$2.35	44d	1	0.94mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	0.94mi
3235 Eastern Ave Unit 2FL Baltimore, MD	1.0	1.0	552	$1,795	$3.25	5d	1	1.02mi
1209 N Caroline St Unit 2 Baltimore, MD	1.0	1.0	600	$1,300	$2.17	5d	1	1.02mi
400 S Conkling St Unit 3 Baltimore, MD	1.0	1.0	700	$1,700	$2.43	44d	1	1.04mi
2000 E North Ave Baltimore, MD	1.0	1.0	639	$836	$1.31	5d	4	1.10mi
521 S Wolfe St Unit 1R Baltimore, MD	1.0	1.0	500	$1,350	$2.70	12d	1	1.10mi
520 Somerset St Baltimore, MD	1.0–2.0	1.0–2.0	634	$1,578	$2.49	44d	1	1.15mi
1742 Fleet St Unit 302 Baltimore, MD	1.0	1.0	524	$1,600	$3.05	5d	1	1.16mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,350	$2.58	3d	20	1.18mi
210 S Caroline St Baltimore, MD	1.0–2.0	1.0	808	$1,965	$2.43	44d	23	1.20mi
420 Aisquith St Baltimore, MD	1.0	1.0	721	$1,226	$1.70	44d	1	1.20mi
601 S Broadway Unit 305 Baltimore, MD	1.0	1.0	592	$1,600	$2.70	5d	1	1.22mi
601 S Broadway Unit 305 Baltimore, MD	1.0	1.0	592	$1,600	$2.70	44d	1	1.22mi
3902 Erdman Ave Unit 2 Baltimore, MD	1.0	1.0	700	$1,175	$1.68	15d	1	1.27mi
622 S Broadway Baltimore, MD	2.0	1.0–2.0	953	$2,998	$3.14	2d	8	1.27mi
3018 O Donnell St Unit 2R Baltimore, MD	1.0	1.0	750	$1,700	$2.27	44d	1	1.32mi
3727 Bonview Ave Baltimore, MD	1.0	1.0	540	$1,199	$2.22	25d	1	1.34mi
520 S Caroline St Unit 301 Baltimore, MD	1.0	1.0	625	$2,100	$3.36	5d	1	1.34mi
831 E Chase St Baltimore, MD	1.0	1.0	650	$850	$1.31	4d	1	1.38mi
821 E Eager St Unit 21-3F Baltimore, MD	1.0	1.0	700	$999	$1.43	5d	1	1.39mi
3610 Dillon St Baltimore, MD	1.0–2.0	1.0–2.0	828	$2,820	$3.41	44d	1	1.39mi

Listing history 10 events

1. 2026-06-21
   days on market $147,500 Active 7 DOM
2. 2026-06-18
   days on market $147,500 Active 4 DOM
3. 2026-06-17
   days on market $147,500 Active 3 DOM
4. 2026-06-16
   days on market $147,500 Active 2 DOM
5. 2026-06-15
   statusdays on market $147,500 Active 1 DOM
6. 2026-06-13
   days on market $147,500 Coming Soon 9 DOM
7. 2026-06-09
   days on market $147,500 Coming Soon 5 DOM
8. 2026-06-08
   days on market $147,500 Coming Soon 4 DOM
9. 2026-06-07
   remarks 693-char remark
10. 2026-06-07
    listed $147,500 Coming Soon 3 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: $752 · $63/mo
• Projected year-2 tax: $1,180 · $98/mo
• Expected delta: +$428/yr (+$36/mo · 57.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 95% 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: $17,961
• − Mortgage interest: −$8,262
• − Property taxes: −$752
• − Insurance: −$738
• − Repairs & maintenance: −$1,437
• − Management: −$1,437
• − Depreciation: −$4,291
• Taxable income: $1,045
• Est. tax owed @ 24.0%: −$251
• After-tax cash flow: $3,167/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

+251.2% since first listed

45 events — show timeline

• 2026-06-04 Coming Soon $147,500 BRIGHT MLS
• 2025-11-03 Listing Removed — BRIGHT MLS
• 2025-09-24 Listed $158,500 BRIGHT MLS
• 2025-07-25 Listing Removed — BRIGHT MLS
• 2025-04-19 Rental Removed $1,500 PROPERTYWARE
• 2025-03-29 Listed $158,500 BRIGHT MLS
• 2025-03-20 Listed for Rent $1,500 PROPERTYWARE
• 2025-03-07 Rental Removed $1,500 PROPERTYWARE
• 2025-03-02 Rental Removed $1,500 RENTALBEAST
• 2025-03-02 Listed for Rent $1,500 PROPERTYWARE
• 2025-03-02 Listed for Rent $1,500 RENTALBEAST
• 2024-12-24 Listing Removed — BRIGHT MLS
• 2024-12-20 Rental Removed $1,500 PROPERTYWARE
• 2024-12-20 Rental Removed $1,500 RENTALBEAST
• 2024-12-19 Listed for Rent $1,500 PROPERTYWARE
• 2024-12-19 Listed for Rent $1,500 RENTALBEAST
• 2024-12-11 Rental Removed $1,500 RENTALBEAST
• 2024-09-28 Listed for Rent $1,500 RENTALBEAST
• 2024-06-25 Listed $199,900 BRIGHT MLS
• 2024-04-27 Listing Removed — BRIGHT MLS
• 2024-01-29 Listed $215,000 BRIGHT MLS
• 2024-01-17 Listing Removed — BRIGHT MLS
• 2023-12-16 Listed $215,000 BRIGHT MLS
• 2023-12-04 Listing Removed — BRIGHT MLS
• 2023-11-30 Listed $215,000 BRIGHT MLS
• 2023-11-15 Coming Soon — BRIGHT MLS
• 2020-02-12 Sold (Public Records) $52,000 Public Records
• 2013-10-04 Sold (MLS) $18,267 BRIGHT MLS
• 2013-10-04 Sold (MLS) $18,267 MRIS
• 2013-07-10 Pending — MRIS
• 2013-07-03 Listing Removed — BRIGHT MLS
• 2013-06-21 Delisted — MRIS
• 2013-05-22 Listed $18,000 MRIS
• 2013-05-22 Listed $18,000 BRIGHT MLS
• 2007-02-13 Sold (Public Records) $105,000 Public Records
• 2007-02-01 Sold (MLS) $105,000 MRIS
• 2006-12-18 Delisted — MRIS
• 2006-11-08 Listed $110,000 MRIS
• 2006-02-08 Delisted — MRIS
• 2006-02-06 Listed — MRIS
• 2002-10-29 Sold (Public Records) $55,000 Public Records
• 2002-02-24 Sold (MLS) $6,600 MRIS
• 2002-01-04 Delisted — MRIS
• 2001-06-22 Listed $6,600 MRIS
• 1995-07-27 Sold (Public Records) $42,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $752 · +3.2% YoY. Source: county tax records.