2130 Aiken St · Baltimore, MD 21218

$130,000

3 bd · 1.5 ba · 2,000 sqft · Townhouse · 39 Days on market

Built 1919 Est $258k · 50% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

Key facts

• Open main level
• Oversized kitchen
• Rec room

Tags

• OPEN MAIN LEVEL
• OVERSIZED KITCHEN
• FENCED BACKYARD
• FULL BASEMENT
• REC ROOM
• BONUS ROOM

Property features AI

Finance

• Other: Property condition listed as very good; Total below-grade area and finished/unfinshed below-grade areas noted
• Financial info: Ownership: Ground rent; Annual ground rent payment; Improvement and land assessed values listed (financial details omitted per instructions)
• HOA & community: Ground rent exists (paid annually)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; 60+ gallon hot water tank
• Home design: Interior townhouse/rowhouse; Estimated year built
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Privacy fencing at rear and chain link fencing; Above-grade and below-grade other structures

Interior

• Kitchen: Kitchen (appliances not listed)
• Bedrooms: 3 bedrooms on the first upper level; Bedrooms include Bedroom 1, Bedroom 2, Bedroom 3
• Bathrooms: One full bathroom (all upper levels); One half bathroom (lower level)
• Heating & cooling: Baseboard electric heat; Window air conditioning units
• Interior features: Estimated living area; 12 total rooms; Improved basement with interior access
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $947 ($11k/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: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.0% 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: Rents rising (+1.6%/yr); 330 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); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 42% of the median local income ($62k/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 $899 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 + 1.6% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $21k; list at $130k implies a 519% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — 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 $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.70% ✓
• Cap rate: 15.04%
• Cash-on-cash: 31.23%
• DSCR: 2.39
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $258,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1626 E Lafayette Ave	0.36mi	3/2.0	2,100 (+5%)	2mo	$219,500	$105	71
2419 Brentwood Ave	0.57mi	3/1.0	1,950 (-2%)	1mo	$50,000	$26	67
1419 E Lanvale St	0.38mi	4/3.0 (+1)	1,950 (-2%)	1mo	$219,900	$113	66
2227 Cecil Ave	0.24mi	3/2.0	1,764 (-12%)	2mo	$195,000	$111	66
1821 N Bond St	0.30mi	3/3.5	1,800 (-10%)	4mo	$245,000	$136	58
1118 Montpelier St	0.68mi	3/3.5	2,033 (+2%)	2mo	$319,900	$157	56
1433 E Federal St	0.46mi	3/3.0	1,814 (-9%)	2mo	$181,900	$100	55
1616 Homestead St	0.50mi	3/1.0	1,770 (-12%)	4mo	$111,000	$63	52
2014 N Wolfe St N	0.43mi	3/2.0	1,701 (-15%)	1mo	$220,000	$129	52
1513 N Wolfe St	0.66mi	4/3.5 (+1)	2,025 (+1%)	2mo	$264,990	$131	52
407 Pitman Pl	0.72mi	3/4.5	1,965 (-2%)	0mo	$260,000	$132	51
1623 Rutland Ave	0.54mi	3/3.0	1,700 (-15%)	1mo	$229,900	$135	43

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: 24.6%
• Equity multiple: 2.00×
• Total profit: $36,238
• Equity at exit: $19,383

10-year hold

• IRR: 31.5%
• Equity multiple: 3.67×
• Total profit: $97,144
• Equity at exit: $11,240

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 21218

• Rents YoY: 1.6%
• Active inventory: 330
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,207 high
• Mortgage (P&I): −$682
• Tax from tax record: −$61 /mo · $728/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $947

Break-even live

Break-even rent $1,008

Max offer price $130,000

Occupancy floor 52%

Sensitivity live

Price	-10% $1,021	-5% $984	+0% $947	+5% $911	+10% $874
Rent	-10% $773	-5% $860	+0% $947	+5% $1,035	+10% $1,122
Rate	-1.0pp $1,013	-0.5pp $980	base $947	+0.5pp $914	+1.0pp $879

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	25d	1	0.23mi
1512 E Lafayette Ave Baltimore, MD	3.0	2.5	1476	$1,950	$1.32	44d	1	0.32mi
1511 E Lafayette Ave Baltimore, MD	4.0	3.5	1988	$2,650	$1.33	5d	1	0.34mi
534 E 23rd St Baltimore, MD	3.0	2.5	1700	$2,350	$1.38	44d	1	0.46mi
1532 N Broadway Baltimore, MD	3.0	4.0	2696	$2,700	$1.00	4d	1	0.54mi
1629 N Wolfe St Baltimore, MD	3.0	3.0	1561	$1,800	$1.15	25d	1	0.61mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1900	$1,899	$1.00	5d	1	0.62mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1800	$1,995	$1.11	44d	1	0.62mi
324 E 23rd St Baltimore, MD	3.0	1.5	2018	$2,200	$1.09	25d	1	0.64mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	5d	1	0.64mi
411 E Lafayette Ave Baltimore, MD	3.0	2.5	2450	$2,900	$1.18	25d	1	0.66mi
412 E Lanvale St Baltimore, MD	3.0	2.0	1600	$3,100	$1.94	5d	1	0.67mi
456 E Federal St Baltimore, MD	2.0	2.0	1450	$1,850	$1.28	44d	1	0.69mi
400 E Lorraine Ave Baltimore, MD	3.0	1.0	1500	$1,800	$1.20	21d	1	0.69mi
437 Pitman Pl Baltimore, MD	2.0	3.0	1520	$1,650	$1.09	5d	1	0.69mi
312 E 25th St Baltimore, MD	4.0	3.5	1960	$2,800	$1.43	44d	1	0.70mi
1827 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	25d	1	0.72mi
1823 Guilford Ave Unit G-1823 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.72mi
1813 Guilford Ave Unit G-1813 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.72mi
1809 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.72mi
1807 Guilford Ave Unit G-1807 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.73mi
908 E Preston St Baltimore, MD	3.0	2.0	1560	$1,300	$0.83	44d	1	0.73mi
1801 Guilford Ave Baltimore, MD	3.0	3.5	1921	$2,595	$1.35	25d	3	0.73mi
402 E 28th St Baltimore, MD	3.0	1.0	1436	$2,200	$1.53	44d	1	0.78mi
1643 Guilford Ave Baltimore, MD	3.0	3.5	2273	$3,200	$1.41	44d	1	0.78mi
424 Ilchester Ave Baltimore, MD	3.0	3.0	1976	$1,800	$0.91	15d	1	0.78mi
1607 E Biddle St Baltimore, MD	4.0	3.5	2160	$2,400	$1.11	25d	1	0.78mi
1824 Saint Paul St Unit 3 Baltimore, MD	2.0	1.0	2397	$1,275	$0.53	44d	1	0.87mi
3222 Ellerslie Ave Baltimore, MD	4.0	1.5	1550	$1,950	$1.26	44d	1	0.90mi
1829 N Port St Baltimore, MD	3.0	1.5	2000	$1,625	$0.81	44d	1	0.90mi
1716 Lantern Mews Baltimore, MD	4.0	5.0	2016	$2,700	$1.34	44d	1	0.91mi
3213 The Alameda Baltimore, MD	2.0	1.0	1708	$1,295	$0.76	4d	1	0.92mi
1724 Lantern Mews Baltimore, MD	2.0	4.0	1610	$2,600	$1.61	25d	1	0.92mi
1728 Lantern Mews Baltimore, MD	3.0	3.0	1600	$2,700	$1.69	19d	1	0.92mi
1032 Valley St Baltimore, MD	4.0	2.0	1900	$2,150	$1.13	5d	1	0.93mi
1317 E Eager St Baltimore, MD	4.0	1.5	1400	$1,900	$1.36	23d	1	0.93mi
1245 E Eager St Baltimore, MD	3.0	1.0	1592	$1,200	$0.75	25d	1	0.93mi
1312 Guilford Ave Baltimore, MD	1.0–2.0	1.0–2.0	1040	$1,850	$1.78	44d	6	0.95mi
918 N Central Ave Baltimore, MD	3.0	1.0	1514	$1,400	$0.92	15d	1	0.97mi
1923 E 31st St Baltimore, MD	3.0	1.5	2264	$1,600	$0.71	25d	1	0.99mi

Listing history 16 events

1. 2026-06-21
   days on market $130,000 Active 39 DOM
2. 2026-06-18
   days on market $130,000 Active 36 DOM
3. 2026-06-17
   days on market $130,000 Active 35 DOM
4. 2026-06-16
   statusdays on market $130,000 Active 34 DOM
5. 2026-06-02
   status $130,000 Pending 33 DOM
6. 2026-04-14
   historical Active Under Contract
7. 2026-03-31
   price $130,000
8. 2026-03-12
   listed $135,000 Active
9. 2018-12-21
   soldstatus $21,000 Closed 161-char remark

   Show marketing remark (161 chars)

   Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

10. 2018-12-13
    status Pending 161-char remark

    Show marketing remark (161 chars)

    Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

11. 2018-11-16
    status Active 161-char remark

    Show marketing remark (161 chars)

    Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

12. 2018-11-07
    status Pending 161-char remark

    Show marketing remark (161 chars)

    Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

13. 2018-10-15
    historical 161-char remark

    Show marketing remark (161 chars)

    Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

14. 2018-10-04
    price $25,000 161-char remark

    Show marketing remark (161 chars)

    Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

15. 2018-08-27
    listed $35,000 Active 161-char remark

    Show marketing remark (161 chars)

    Great addition to your rental portfolio. Long time tenants(10 years) who wish to stay in the property. Purchase this property with instant cash flow. PENDING REL

16. 1994-09-02
    soldstatus $9,500

ⓘ 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: $728 · $61/mo
• Projected year-2 tax: $1,073 · $89/mo
• Expected delta: +$344/yr (+$29/mo · 47.3%)

ⓘ 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 7/10 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: $26,490
• − Mortgage interest: −$7,282
• − Property taxes: −$728
• − Insurance: −$650
• − Repairs & maintenance: −$2,119
• − Management: −$2,119
• − Depreciation: −$3,782
• Taxable income: $9,809
• Est. tax owed @ 24.0%: −$2,354
• After-tax cash flow: $9,014/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): 44,014
• Household income: $62,488
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 2564.0

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 0.58)
• Race & ethnicity: Black 60% White 26% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 87% English-only · Spanish 4% French/Haitian/Cajun 2% Chinese 2%

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: ▼ -463.14%
• Current HPI: 292.3986
• Rent YoY: ▲ 1.63%
• 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

+1268.4% since first listed

11 events — show timeline

• 2026-04-14 Contingent — BRIGHT MLS
• 2026-03-31 Price Changed $130,000 BRIGHT MLS
• 2026-03-12 Listed $135,000 BRIGHT MLS
• 2018-12-21 Sold (MLS) $21,000 BRIGHT MLS
• 2018-12-13 Pending — BRIGHT MLS
• 2018-11-16 Relisted — BRIGHT MLS
• 2018-11-07 Pending — BRIGHT MLS
• 2018-10-15 Listing Removed — BRIGHT MLS
• 2018-10-04 Price Changed $25,000 BRIGHT MLS
• 2018-08-27 Listed $35,000 BRIGHT MLS
• 1994-09-02 Sold (Public Records) $9,500 Public Records

Property tax history

+3.0%/yr

Latest (2025): $728 · +0.0% YoY. Source: county tax records.