2926 E Fayette St · Baltimore, MD 21224

$275,000

5 bd · 2.5 ba · 1,475 sqft · Townhouse public records · 12 Days on market

Built 1920 Est $215k · 28% 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 +21.6/30.0
• DSCR +6.9/10.0
• 1% rule +5.5/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the vibrant neighborhood of Patterson Park. 2926 E. Fayette Street has a charming interior rowhome that blends modern amenities with traditional aesthetics. This home features an open layout over multiple levels, offering both comfort and functionality. As you enter, the main level welcomes you with an open floor plan, perfect for both relaxing and entertaining. Original hardwood floors add warmth and character, complemented by the contemporary touch of tray ceilings and designer light fixtures, which create an inviting and stylish ambiance. The kitchen, a highlight of the main level, is spacious and well-equipped. It boasts stainless steel appliances, providing both efficiency and elegance, making it ideal for those who enjoy cooking and hosting. The upper level of the home features two cozy bedrooms and a versatile den, which can serve as an office, study, or additional sleeping area. This level also has a full bath. Adding to the living space, the lower level of this home reveals a third bedroom, offering privacy and tranquility. This level also includes another full bath, enhancing the home's functionality and appeal. Outside, the property features a fully fenced rear yard, a sanctuary for outdoor relaxation or intimate gatherings. This exterior space adds to the charm and utility of the home, making it a complete package for a variety of lifestyles. Overall, 2926 E. Fayette Street is a beautifully crafted home that offers a blend of traditional charm and modern living, nestled in the heart of Baltimore City.

Key facts

• Updated kitchen
• Built 1920
• Listed 11 days

Tags

• UPDATED KITCHEN
• FULLY FINISHED BASEMENT
• PRIVATE EXTERIOR ENTRANCE
• FULLY FENCED REAR YARD

Property features AI

Finance

• Other: Above-grade finished area recorded by assessor; Below-grade finished and unfinished areas recorded by assessor
• Financial info: Ground rent: $78 paid semi-annually

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas
• Home design: Interior townhouse/rowhouse; Ground rent ownership interest (ground rent paid semi-annually)
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Rowhouse/townhouse setting (interior townhouse/rowhouse); No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level; One bedroom on the main level; One bedroom on the first lower level
• Bathrooms: Two full bathrooms (one on first upper level, one on first lower level); One half bathroom on the main level
• Heating & cooling: Radiator heating; Natural gas heating and hot water
• Interior features: Fully finished basement; Multiple access exits (2+)

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath townhouse listed at $275k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Cap rate 8.1% 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 (+1.3%/yr); 393 active listings in the ZIP; 20 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; solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 39% of the median local income ($89k/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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 25y 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 $155k; list at $275k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $275,000

Questions for the listing agent

1. Built in 1920 — 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: 1.05% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.49%
• DSCR: 1.29
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $215,350
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3019 Mcelderry St	0.22mi	4/2.5 (-1)	1,674 (+14%)	1mo	$244,000	$146	62
606 N Belnord Ave	0.29mi	5/2.0	1,300 (-12%)	5mo	$108,000	$83	60
39 S Highland Ave	0.41mi	5/2.0	1,600 (+8%)	6mo	$204,600	$128	60
139 N Highland Ave	0.33mi	4/2.0 (-1)	1,365 (-8%)	9mo	$206,000	$151	58
532 N Streeper St	0.23mi	4/1.5 (-1)	1,340 (-9%)	12mo	$115,000	$86	55
228 S East Ave S	0.42mi	4/3.5 (-1)	1,316 (-11%)	4mo	$370,000	$281	51
116 S Bouldin St	0.36mi	4/3.0 (-1)	1,654 (+12%)	12mo	$439,900	$266	46
233 S Clinton St	0.49mi	4/2.5 (-1)	1,658 (+12%)	6mo	$350,000	$211	46
2421 E Madison St	0.53mi	4/3.0 (-1)	1,300 (-12%)	6mo	$158,000	$122	43
813 N Linwood	0.39mi	4/1.0 (-1)	1,270 (-14%)	11mo	$149,900	$118	38
211 S Chester St	0.75mi	4/1.5 (-1)	1,356 (-8%)	7mo	$159,900	$118	37
704 S Ellwood Ave	0.75mi	4/3.0 (-1)	1,680 (+14%)	11mo	$490,000	$292	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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -8.2%
• Equity multiple: 0.70×
• Total profit: $-22,832
• Equity at exit: $41,003

10-year hold

• IRR: -1.0%
• Equity multiple: 0.94×
• Total profit: $-4,742
• Equity at exit: $23,777

Cash invested: $77,000 (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 21224

• Rents YoY: 1.3%
• Active inventory: 393
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,877 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$299 /mo · $3,591/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$604
• Net cashflow: $416

Break-even live

Break-even rent $2,349

Max offer price $275,000

Occupancy floor 81%

Sensitivity live

Price	-10% $572	-5% $494	+0% $416	+5% $339	+10% $261
Rent	-10% $189	-5% $303	+0% $416	+5% $530	+10% $644
Rate	-1.0pp $555	-0.5pp $486	base $416	+0.5pp $345	+1.0pp $273

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 N Ellwood Ave Baltimore, MD	4.0	2.5	1768	$2,500	$1.41	44d	1	0.17mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	44d	1	0.22mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	44d	1	0.22mi
1 N Clinton St Baltimore, MD	4.0	1.5	1200	$1,700	$1.42	21d	1	0.28mi
533 N Lakewood Ave Baltimore, MD	4.0	3.5	1758	$4,500	$2.56	44d	1	0.29mi
2815 E Madison St Baltimore, MD	4.0	2.0	1300	$2,500	$1.92	44d	1	0.37mi
2431 McElderry St Baltimore, MD	4.0	2.5	1600	$2,100	$1.31	44d	1	0.45mi
143 N Patterson Park Ave Baltimore, MD	4.0	3.5	1650	$3,700	$2.24	24d	1	0.52mi
3306 Fleet St Baltimore, MD	4.0	3.0	1308	$3,500	$2.68	44d	1	0.70mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$3,290	$3.62	3d	20	0.79mi
822 S Highland Ave Baltimore, MD	4.0	3.0	1508	$3,500	$2.32	22d	1	0.89mi
513 S Chester St Baltimore, MD	4.0	4.5	1534	$3,000	$1.96	18d	1	0.91mi
1816 Gough St Baltimore, MD	4.0	2.0	1248	$3,500	$2.80	24d	1	0.99mi
1911 Eastern Ave Baltimore, MD	4.0	4.0	1520	$2,600	$1.71	24d	1	1.02mi
1418 E Monument St Baltimore, MD	2.0–4.0	1.0–2.0	1265	$1,920	$1.52	15d	5	1.30mi
1317 E Eager St Baltimore, MD	4.0	1.5	1400	$1,900	$1.36	22d	1	1.40mi
424 S Eden St Baltimore, MD	4.0	3.5	1830	$3,200	$1.75	24d	1	1.42mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	44d	1	1.43mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	1.44mi
1200 N Eden St Baltimore, MD	5.0	4.5	1208	$1,400	$1.16	5d	1	1.47mi

Listing history 8 events

1. 2026-06-21
   days on market $275,000 Active 12 DOM
2. 2026-06-18
   days on market $275,000 Active 9 DOM
3. 2026-06-17
   days on market $275,000 Active 8 DOM
4. 2026-06-16
   days on market $275,000 Active 7 DOM
5. 2026-06-15
   days on market $275,000 Active 6 DOM
6. 2026-06-13
   days on market $275,000 Active 4 DOM
7. 2026-06-10
   remarks 699-char remark
8. 2026-06-10
   listed $275,000 Active 1 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: $3,591 · $299/mo
• Projected year-2 tax: $3,591 · $299/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 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: $34,518
• − Mortgage interest: −$15,404
• − Property taxes: −$3,591
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,761
• − Management: −$2,761
• − Depreciation: −$8,000
• Taxable income: $625
• Est. tax owed @ 24.0%: −$150
• After-tax cash flow: $4,848/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): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+685.7% since first listed

22 events — show timeline

• 2026-06-09 Listed $275,000 BRIGHT MLS
• 2025-11-20 Rental Removed $1,350 Avail
• 2025-02-20 Listed for Rent $1,350 Avail
• 2024-04-10 Rental Removed $1,250 Avail
• 2024-04-05 Price Changed $1,250 Avail
• 2024-03-22 Listed for Rent $1,450 Avail
• 2024-03-15 Sold (Public Records) $155,000 Public Records
• 2024-03-05 Sold (MLS) $155,000 BRIGHT MLS
• 2024-02-15 Pending — BRIGHT MLS
• 2024-02-14 Contingent — BRIGHT MLS
• 2024-01-26 Listed $174,900 BRIGHT MLS
• 2019-12-03 Sold (Public Records) $55,000 Public Records
• 2019-10-31 Sold (MLS) $55,000 BRIGHT MLS
• 2019-10-14 Pending — BRIGHT MLS
• 2019-10-07 Price Changed $59,900 BRIGHT MLS
• 2019-09-20 Listed $69,900 BRIGHT MLS
• 2002-01-28 Sold (MLS) $5,500 MRIS
• 2001-11-13 Delisted — MRIS
• 2001-10-17 Listed $5,500 MRIS
• 1998-06-29 Sold (Public Records) $59,000 Public Records
• 1994-06-07 Sold (Public Records) $43,000 Public Records
• 1990-01-05 Sold (Public Records) $35,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $3,591 · +5.3% YoY. Source: county tax records.