4602 Sunbrook Ave · Baltimore, MD 21206

$144,000

3 bd · 1.0 ba · 960 sqft · Townhouse public records · 58 Days on market

Built 1952 3,049 sqft lot $150/sqft · 21% below area Est $182k · 21% 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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.6/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

What a lovely street to call home. Home has so much charm, spacious bedrooms & plenty of bathrooms. Many updates throughout the years including windows, some flooring, 1st floor bathroom & updates to kitchen. Large, level, fenced rear yard for running around in & it has a large shed also. Relax on your front porch! Plenty of storage. This is the one! Unbelievable value! Don't miss out! Sold As-Is.

Key facts

• Covered porch
• Main level bedroom
• Galley kitchen

Tags

• MAIN LEVEL BEDROOM
• GALLEY KITCHEN
• COVERED PORCH
• FENCED BACKYARD
• LANDSCAPED FRONT YARD
• FULL LOWER LEVEL

Property features AI

Finance

• Other: Property condition noted as below average / major rehab needed; Located in city limits; Road surface: blacktop, maintained by city/county
• Financial info: Ground rent payment required (listed as semi-annually)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer (public septic listed); Municipal trash service
• Home design: Semi-detached structure; Flat roof; Ground rent ownership interest exists (semi-annual payment)
• Construction: Stucco exterior; Block foundation; Daylight, full basement with rear entrance and walkout stairs (unfinished)
• Exterior features: Sidewalks; Deck(s); Porch(es); Partially fenced yard with privacy fencing; Shed

Interior

• Kitchen: Gas oven/range; Refrigerator
• Bedrooms: One bedroom on the main level; Two bedrooms on the upper level
• Flooring: Hardwood floors; Ceramic tile; Laminate plank
• Bathrooms: Two full bathrooms (one on main level, one on upper level); One half bathroom on lower level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans; 100 amp electric service
• Interior features: Built-in shelving or cabinetry; Dining area; Traditional floor plan; Galley-style kitchen; Drywall and plaster walls; Insulated doors
• Laundry & utility: Main-floor laundry; Natural gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $144k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $140k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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 (+4.4%/yr); 180 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 31% of the median local income ($65k/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 $996 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 + 4.4% rent growth), your $40k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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 $70k; list at $144k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — 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 $139,680 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 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 1952 — 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: 1.16% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.06%
• DSCR: 1.40
• GRM: 7.2

CMA / ARV

• ARV (median comp): $181,888
• List price: $144,000
• Delta: -20.83%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4540 Hazelwood Ave	0.12mi	3/1.5	1,080 (+12%)	10mo	$180,000	$167	63
5602 White Ave	0.17mi	2/2.0 (-1)	1,008 (+5%)	15mo	$225,000	$223	62
5876 Belair Rd	0.51mi	2/1.5 (-1)	1,044 (+9%)	9mo	$149,000	$143	47
5327 Todd Ave	0.73mi	4/2.0 (+1)	1,024 (+7%)	1mo	$259,900	$254	45
5903 Lillyan Ave	0.74mi	3/2.0	1,024 (+7%)	7mo	$200,000	$195	44
5907 Daywalt Ave	0.73mi	2/1.5 (-1)	1,008 (+5%)	11mo	$125,000	$124	41
5423 Radecke Ave	0.74mi	3/1.5	1,024 (+7%)	15mo	$233,000	$228	40
5431 NE Radecke Ave	0.72mi	4/1.5 (+1)	1,024 (+7%)	20mo	$197,000	$192	31

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -0.9%
• Equity multiple: 0.96×
• Total profit: $-1,463
• Equity at exit: $21,471

10-year hold

• IRR: 10.2%
• Equity multiple: 1.85×
• Total profit: $34,159
• Equity at exit: $12,450

Cash invested: $40,320 (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 21206

• Rents YoY: 4.4%
• Active inventory: 180
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,672 high
• Mortgage (P&I): −$755
• Tax from tax record: −$201 /mo · $2,412/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $304

Break-even live

Break-even rent $1,286

Max offer price $144,000

Occupancy floor 77%

Sensitivity live

Price	-10% $386	-5% $345	+0% $304	+5% $264	+10% $223
Rent	-10% $172	-5% $238	+0% $304	+5% $371	+10% $437
Rate	-1.0pp $377	-0.5pp $341	base $304	+0.5pp $267	+1.0pp $229

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4905 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	24d	1	0.15mi
4903 1/2 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	24d	1	0.15mi
4903 1/2 Hamilton Ave Unit A Baltimore, MD	2.0	2.0	800	$1,450	$1.81	24d	1	0.15mi
4907 Hamilton Ave Unit B Baltimore, MD	3.0	2.0	925	$1,699	$1.84	44d	1	0.15mi
5738 Cedonia Ave Baltimore, MD	2.0	1.0	797	$1,385	$1.74	4d	3	0.17mi
4909 Hamilton Ave Baltimore, MD	2.0–3.0	2.0	862	$1,550	$1.80	4d	5	0.19mi
5904 Arizona Ave Unit B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	24d	1	0.20mi
4308 Hamilton Ave Baltimore, MD	2.0	1.0	1110	$1,416	$1.28	24d	1	0.42mi
5906 Benton Heights Ave Baltimore, MD	2.0	1.0	780	$1,350	$1.73	44d	1	0.66mi
6042 Barstow Rd Baltimore, MD	1.0–3.0	1.0	736	$1,527	$2.07	3d	1	0.72mi
5424 Belle Vista Ave Baltimore, MD	2.0	1.0	932	$1,300	$1.39	44d	1	0.85mi
4007 Biddison Ln Apt 1 Baltimore, MD	2.0	1.0	1000	$1,279	$1.28	18d	1	1.00mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	44d	1	1.02mi
3607 Bayonne Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,300	$1.44	24d	1	1.07mi
4901 Gunther Ave Baltimore, MD	1.0–3.0	1.0–2.0	742	$1,463	$1.97	3d	1	1.19mi
3807 Fleetwood Ave Unit 2 Baltimore, MD	3.0	1.0	937	$1,550	$1.65	5d	1	1.23mi
3807 Fleetwood Ave Unit 1 Baltimore, MD	2.0	1.0	969	$1,490	$1.54	5d	1	1.23mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	44d	7	1.26mi
5305 Moravia Rd Baltimore, MD	3.0	1.0	679	$1,993	$2.93	3d	1	1.33mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	44d	3	1.39mi

Listing history 20 events

1. 2026-06-21
   days on market $144,000 Active 58 DOM
2. 2026-06-18
   days on market $144,000 Active 55 DOM
3. 2026-06-17
   days on market $144,000 Active 54 DOM
4. 2026-06-16
   days on market $144,000 Active 53 DOM
5. 2026-06-15
   days on market $144,000 Active 52 DOM
6. 2026-06-13
   days on market $144,000 Active 50 DOM
7. 2026-06-09
   days on market $144,000 Active 46 DOM
8. 2026-06-08
   days on market $144,000 Active 45 DOM
9. 2026-06-07
   days on market $144,000 Active 44 DOM
10. 2026-06-04
    days on market $144,000 Active 41 DOM
11. 2026-06-03
    days on market $144,000 Active 40 DOM
12. 2026-06-02
    days on market $144,000 Active 39 DOM
13. 2026-06-01
    days on market $144,000 Active 38 DOM
14. 2026-05-31
    days on market $144,000 Active 37 DOM
15. 2026-04-24
    listed $149,900 Active 1112-char remark
16. 2016-05-24
    soldstatus $69,900
17. 2016-05-20
    soldstatus $69,900 419-char remark

    Show marketing remark (419 chars)

    What a lovely street to call home. Home has so much charm, spacious bedrooms & plenty of bathrooms. Many updates throughout the years including windows, some flooring, 1st floor bathroom & updates to kitchen. Large, level, fenced rear yard for running around in & it has a large shed also. Relax on your front porch! Plenty of storage. This is the one! Unbelievable value! Don't miss out! Sold As-Is.

18. 2016-05-20
    soldstatus $69,900 Sold

    Show marketing remark (419 chars)

    What a lovely street to call home. Home has so much charm, spacious bedrooms & plenty of bathrooms. Many updates throughout the years including windows, some flooring, 1st floor bathroom & updates to kitchen. Large, level, fenced rear yard for running around in & it has a large shed also. Relax on your front porch! Plenty of storage. This is the one! Unbelievable value! Don't miss out! Sold As-Is.

19. 2016-04-01
    status Contract

    Show marketing remark (419 chars)

    What a lovely street to call home. Home has so much charm, spacious bedrooms & plenty of bathrooms. Many updates throughout the years including windows, some flooring, 1st floor bathroom & updates to kitchen. Large, level, fenced rear yard for running around in & it has a large shed also. Relax on your front porch! Plenty of storage. This is the one! Unbelievable value! Don't miss out! Sold As-Is.

20. 2016-03-22
    listed $69,900 Active

    Show marketing remark (419 chars)

    What a lovely street to call home. Home has so much charm, spacious bedrooms & plenty of bathrooms. Many updates throughout the years including windows, some flooring, 1st floor bathroom & updates to kitchen. Large, level, fenced rear yard for running around in & it has a large shed also. Relax on your front porch! Plenty of storage. This is the one! Unbelievable value! Don't miss out! Sold As-Is.

ⓘ 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: $2,412 · $201/mo
• Projected year-2 tax: $2,412 · $201/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 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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,061
• − Mortgage interest: −$8,066
• − Property taxes: −$2,412
• − Insurance: −$720
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − Depreciation: −$4,189
• Taxable income: $1,463
• Est. tax owed @ 24.0%: −$351
• After-tax cash flow: $3,303/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): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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 (73%)
• Race & ethnicity: Black 73% White 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+106.0% since first listed

7 events — show timeline

• 2026-05-22 Price Changed $144,000 BRIGHT MLS
• 2026-04-24 Listed $149,900 BRIGHT MLS
• 2016-05-24 Sold (Public Records) $69,900 Public Records
• 2016-05-20 Sold (MLS) $69,900 MRIS
• 2016-05-20 Sold (MLS) $69,900 BRIGHT MLS
• 2016-04-01 Pending — MRIS
• 2016-03-22 Listed $69,900 MRIS

Property tax history

-0.7%/yr

Latest (2025): $2,412 · +5.3% YoY. Source: county tax records.