2207 Monticello Rd · Baltimore, MD 21216

$92,000

3 bd · 1.5 ba · 1,152 sqft · Townhouse public records · 7 Days on market

Built 1945 2,200 sqft lot $80/sqft · 45% below area Est $167k · 45% under ↓ 32% since listing

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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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover potential and value Built in 1945, this property offers 3 bedrooms and 2.5 Bath ready to customize and update to your taste. Sold in as-is condition, it presents a canvas for transformation and improvement, ideal for those looking to invest and add value. Please note this property is being sold strictly as-is. Cash or Renovation Financing may be needed for purchase.

Key facts

• Built 1945
• Listed 7 days

Property features AI

Finance

• HOA & community: Ground rent payable annually ($96); Other annual fee $96

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric for cooling; Natural gas for heating and hot water
• Home design: Interior townhouse/rowhouse; Brick construction; Estimated year built
• Construction: Brick exterior; Other foundation; Above-grade and below-grade structures
• Exterior features: Rear yard; Outside entrance to the basement

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Radiator heating; Ceiling fan cooling; Natural gas heating and hot water
• Interior features: Ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $92k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $92k).
• Cap rate 12.1% 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 (+6.1%/yr); 252 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).
• This rent runs 44% of the median local income ($42k/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 $636 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 + 6.1% rent growth), your $26k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 3y 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: property tax is 3.2% of price; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% 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 $92,000

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.67% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.67%
• DSCR: 1.92
• GRM: 5.0

CMA / ARV

• ARV (median comp): $167,002
• List price: $92,000
• Delta: -44.91%
• 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
2127 Allendale Rd	0.28mi	3/2.5	1,152 (0%)	19mo	$220,000	$191	67
1916 Chelsea Rd	0.33mi	3/2.0	1,168 (+1%)	16mo	$182,000	$156	67
3929 Duvall Ave	0.42mi	3/2.5	1,248 (+8%)	6mo	$270,000	$216	58
4145 Fairfax Rd	0.53mi	4/2.0 (+1)	1,260 (+9%)	5mo	$230,500	$183	49
4013 Norfolk Ave	0.75mi	3/2.0	1,140 (-1%)	17mo	$165,000	$145	48
3901 Fairfax Rd	0.62mi	4/2.0 (+1)	1,160 (+1%)	21mo	$149,995	$129	45
4201 Bonner Rd	0.60mi	3/1.5	1,230 (+7%)	22mo	$180,000	$146	42
4104 Fairfax Rd	0.57mi	4/3.0 (+1)	1,200 (+4%)	18mo	$240,000	$200	40
4227 Norfolk Ave	0.72mi	3/2.5	1,280 (+11%)	16mo	$142,000	$111	30
4029 Fairfax Rd	0.57mi	4/2.0 (+1)	1,287 (+12%)	20mo	$205,000	$159	30
4007 Fairfax Rd	0.59mi	4/3.0 (+1)	1,287 (+12%)	18mo	$230,000	$179	27
3923 Bonner Rd	0.66mi	4/2.0 (+1)	1,280 (+11%)	22mo	$67,100	$52	26

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: 17.0%
• Equity multiple: 1.71×
• Total profit: $18,399
• Equity at exit: $13,717

10-year hold

• IRR: 27.9%
• Equity multiple: 3.89×
• Total profit: $74,448
• Equity at exit: $7,954

Cash invested: $25,760 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,536 high
• Mortgage (P&I): −$482
• Tax from tax record: −$249 /mo · $2,990/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $444

Break-even live

Break-even rent $975

Max offer price $92,000

Occupancy floor 66%

Sensitivity live

Price	-10% $496	-5% $470	+0% $444	+5% $418	+10% $392
Rent	-10% $322	-5% $383	+0% $444	+5% $504	+10% $565
Rate	-1.0pp $490	-0.5pp $467	base $444	+0.5pp $420	+1.0pp $396

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2220 Lyndhurst Ave Unit 1 Baltimore, MD	2.0	1.0	900	$1,175	$1.31	25d	1	0.08mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	16d	1	0.27mi
2103 Chelsea Ter Unit 1 Baltimore, MD	2.0	2.0	1500	$2,200	$1.47	16d	1	0.27mi
3514 Clifton Ave Unit 21 Baltimore, MD	2.0	1.0	925	$1,150	$1.24	45d	1	0.41mi
3514 Clifton Ave Baltimore, MD	2.0	1.0	925	$1,199	$1.30	45d	1	0.41mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	19d	1	0.41mi
4515 Fairfax Rd Baltimore, MD	2.0	1.0	700	$1,250	$1.79	25d	1	0.50mi
2700 Roslyn Ave Unit 8 Baltimore, MD	2.0	1.0	800	$1,500	$1.88	5d	1	0.51mi
2700 Roslyn Ave Unit 5 Baltimore, MD	2.0	1.0	800	$1,500	$1.88	19d	1	0.51mi
3407 Elgin Ave Unit 5 Baltimore, MD	2.0	1.0	800	$1,250	$1.56	45d	1	0.51mi
2601 Garrison Blvd Baltimore, MD	2.0	1.0	750	$1,175	$1.57	23d	2	0.55mi
3416 Alto Rd Unit 21 Baltimore, MD	2.0	1.0	700	$1,175	$1.68	45d	1	0.56mi
3403 Carlisle Ave Apt 1 Baltimore, MD	2.0	1.0	1100	$1,600	$1.45	12d	1	0.68mi
2905 Garrison Blvd Unit 21 Baltimore, MD	2.0	1.0	800	$1,175	$1.47	45d	1	0.68mi
4309 Norfolk Ave Unit 1st Floor Baltimore, MD	2.0	1.0	1470	$1,500	$1.02	12d	1	0.70mi
4738 Wakefield Rd Baltimore, MD	2.0	1.0	884	$1,200	$1.36	25d	1	0.72mi
4103 Stokes Dr Apt 1 Baltimore, MD	2.0	1.0	725	$1,095	$1.51	45d	1	0.76mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	45d	1	0.83mi
1307 Wildwood Pkwy Baltimore, MD	2.0	1.0	725	$1,295	$1.79	45d	1	0.83mi
3017 Poplar Ter Baltimore, MD	2.0	1.0	880	$1,349	$1.53	25d	1	0.85mi
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	25d	1	0.85mi
2742 N Rosedale St Baltimore, MD	3.0	1.0	1024	$1,350	$1.32	45d	2	0.86mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	45d	1	0.87mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	45d	1	0.88mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	25d	1	0.88mi
3001 Carlisle Ave Baltimore, MD	3.0	1.0	1024	$1,300	$1.27	45d	1	0.91mi
2738 N Longwood St Baltimore, MD	3.0	1.0	1024	$1,399	$1.37	45d	1	0.92mi
5006 Windsor Mill Rd Baltimore, MD	1.0–3.0	1.0–2.0	776	$1,899	$2.45	3d	18	0.93mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	45d	1	0.95mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	3d	3	0.97mi
3915 Liberty Heights Ave Gwynn Oak, MD	1.0–2.0	1.0–2.0	680	$1,345	$1.98	13d	5	1.01mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	3d	1	1.09mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	45d	1	1.11mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	45d	1	1.11mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	25d	1	1.11mi
3600 Garrison Blvd Apt T1 Baltimore, MD	2.0	1.0	800	$1,125	$1.41	4d	1	1.15mi
3600 Garrison Blvd Unit T2 Baltimore, MD	2.0	1.0	750	$1,149	$1.53	25d	1	1.15mi
5136 Oaklawn Rd Gwynn Oak, MD	1.0–3.0	1.0	896	$1,710	$1.91	3d	22	1.17mi
3508 Grantley Rd Baltimore, MD	2.0	1.0	1250	$1,350	$1.08	25d	1	1.18mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	1.18mi

Listing history 17 events

1. 2026-05-07
   status Pending 377-char remark
2. 2026-04-30
   listed $92,000 Active 377-char remark
3. 2025-11-20
   historical
4. 2025-11-12
   status Active
5. 2025-11-04
   price $92,150
6. 2025-11-04
   status Active
7. 2025-11-03
   historical
8. 2025-10-24
   historical
9. 2025-10-05
   listed $97,000 Active
10. 2024-03-10
    historical
11. 2024-01-30
    historical Active Under Contract
12. 2024-01-26
    status Active
13. 2024-01-12
    status Pending
14. 2024-01-05
    status Active
15. 2023-12-21
    historical Active Under Contract
16. 2023-12-11
    listed $135,000 Active
17. 2023-11-30
    historical

ⓘ 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: $2,990 · $249/mo
• Projected year-2 tax: $2,990 · $249/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 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,436
• − Mortgage interest: −$5,153
• − Property taxes: −$2,990
• − Insurance: −$460
• − Repairs & maintenance: −$1,475
• − Management: −$1,475
• − Depreciation: −$2,676
• Taxable income: $4,206
• Est. tax owed @ 24.0%: −$1,009
• After-tax cash flow: $4,315/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

-31.9% since first listed

18 events — show timeline

• 2026-05-07 Pending — BRIGHT MLS
• 2026-05-07 Listing Removed — BRIGHT MLS
• 2026-04-30 Listed $92,000 BRIGHT MLS
• 2025-11-20 Listing Removed — BRIGHT MLS
• 2025-11-12 Relisted — BRIGHT MLS
• 2025-11-04 Price Changed $92,150 BRIGHT MLS
• 2025-11-04 Relisted — BRIGHT MLS
• 2025-11-03 Listing Removed — BRIGHT MLS
• 2025-10-24 Listing Removed — BRIGHT MLS
• 2025-10-05 Listed $97,000 BRIGHT MLS
• 2024-03-10 Listing Removed — BRIGHT MLS
• 2024-01-30 Contingent — BRIGHT MLS
• 2024-01-26 Relisted — BRIGHT MLS
• 2024-01-12 Pending — BRIGHT MLS
• 2024-01-05 Relisted — BRIGHT MLS
• 2023-12-21 Contingent — BRIGHT MLS
• 2023-12-11 Listed $135,000 BRIGHT MLS
• 2023-11-30 Coming Soon — BRIGHT MLS

Property tax history

+4.2%/yr

Latest (2025): $2,990 · +6.7% YoY. Source: county tax records.