213 Furrow St · Baltimore, MD 21223

$10,000

3 bd · 1.0 ba · 1,260 sqft · Townhouse public records · 164 Days on market

Built 1920 871 sqft lot $8/sqft · 66% below area ↓ 50% since listing

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 6/9/2026 @ 10:00 AM. Bidding ends 6/11/2026 @ 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story townhouse is located in the Carrollton Ridge neighborhood of Baltimore City. Residents can enjoy the nearby facilities and attractions such as the Westside Shopping Center, Grace Medical Center, B & O Railroad Museum, and Carroll Park. The property is vacant. The area has easy access to the major traffic artery, Wilkens Ave, making commuting and city access seamless.

Key facts

• Two-story townhouse
• Built 1920
• Listed 164 days

Tags

• TWO-STORY TOWNHOUSE
• CARROLLTON RIDGE NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $10k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $10k).
• Recommended offer: $9k (12.0% below list) — sets the bar for market timing.
• Cap rate 154.2% 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 (+7.5%/yr); 422 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 44% of the median local income ($46k/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 $69 of loan paydown is wiped out by about $300 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 + 7.5% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($9k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 27y ago; this cycle's ask has dropped $10k (50%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; 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 $8,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 16.65% ✓
• Cap rate: 154.18%
• Cash-on-cash: 528.16%
• DSCR: 24.50
• GRM: 0.5

CMA / ARV

• ARV (median comp): $29,794
• List price: $10,000
• Delta: -66.44%
• 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
2516 W Fairmount Ave	0.40mi	3/1.0	1,304 (+4%)	2mo	$30,000	$23	74
2216 W Fayette St	0.35mi	3/1.5	1,326 (+5%)	1mo	$77,000	$58	72
1933 W Pratt St	0.22mi	4/— (+1)	1,365 (+8%)	2mo	$30,000	$22	69
1906 W Saratoga St	0.58mi	3/1.5	1,273 (+1%)	2mo	$155,000	$122	67
2435 Lauretta Ave	0.69mi	3/1.0	1,260 (0%)	1mo	$45,000	$36	67
2576 W Baltimore St W	0.44mi	3/2.0	1,200 (-5%)	2mo	$152,000	$127	66
2544 W Fairmount Ave	0.43mi	2/1.5 (-1)	1,204 (-4%)	2mo	$55,000	$46	64
2402 Wilkens Ave	0.32mi	2/1.0 (-1)	1,092 (-13%)	0mo	$45,000	$41	57
2408 Wilkens Ave	0.33mi	3/2.0	1,092 (-13%)	2mo	$99,900	$91	56
2680 Saint Benedict St	0.51mi	3/2.0	1,445 (+15%)	2mo	$45,000	$31	46
1404 Lemmon St	0.65mi	3/2.0	1,100 (-13%)	1mo	$189,000	$172	44
2416 W Franklin St	0.67mi	3/2.0	1,435 (+14%)	2mo	$67,000	$47	40

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 31.29×
• Total profit: $84,801
• Equity at exit: $1,491

10-year hold

• IRR: —
• Equity multiple: 76.22×
• Total profit: $210,625
• Equity at exit: $865

Cash invested: $2,800 (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 21223

• Rents YoY: 7.5%
• Active inventory: 422
• Price-to-rent: 0.5×

Monthly cashflow live

• Estimated rent: $1,665 high
• Mortgage (P&I): −$52
• Tax from tax record: −$26 /mo · $315/yr
• Insurance: −$4
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $1,232

Break-even live

Break-even rent $105

Max offer price $10,000

Occupancy floor 21%

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: $2,500
• Closing costs: $300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
307 S Smallwood St Baltimore, MD	2.0	2.5	1400	$1,350	$0.96	44d	1	0.05mi
476 S Bentalou St Baltimore, MD	2.0	1.5	1630	$1,300	$0.80	44d	1	0.17mi
110 S Catherine St Unit 1 Baltimore, MD	2.0	1.0	1330	$1,500	$1.13	44d	1	0.24mi
2225 W Baltimore St Baltimore, MD	3.0	2.5	1200	$1,600	$1.33	24d	1	0.26mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	24d	1	0.27mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	24d	1	0.28mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	44d	1	0.31mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	44d	1	0.33mi
2509 Christian St Baltimore, MD	4.0	2.0	1248	$1,699	$1.36	4d	1	0.33mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	11d	1	0.34mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	44d	1	0.34mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	3d	1	0.34mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	24d	1	0.34mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	18d	1	0.36mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,434	$1.67	44d	1	0.38mi
1912 W Baltimore St Unit 2 Baltimore, MD	2.0	1.5	1200	$2,100	$1.75	24d	1	0.39mi
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	44d	1	0.44mi
1839 W Fayette St Baltimore, MD	3.0	1.5	1426	$1,675	$1.17	24d	1	0.47mi
2671 Saint Benedict St Baltimore, MD	2.0	1.0	1144	$1,325	$1.16	44d	1	0.48mi
1635 Frederick Ave Baltimore, MD	3.0	2.0	1224	$1,850	$1.51	44d	1	0.52mi
2012 W Saratoga St Baltimore, MD	3.0	1.0	1300	$1,700	$1.31	24d	1	0.58mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	4d	1	0.58mi
941 Brunswick St Baltimore, MD	3.0	1.5	1516	$1,650	$1.09	18d	1	0.58mi
941 Brunswick St Baltimore, MD	3.0	1.5	1558	$1,600	$1.03	44d	1	0.58mi
2738 Wilkens Ave Baltimore, MD	3.0	1.0	1183	$1,500	$1.27	44d	1	0.59mi
1814 Penrose Ave Baltimore, MD	3.0	1.0	1624	$1,700	$1.05	18d	1	0.60mi
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	4d	1	0.61mi
1846 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1250	$1,300	$1.04	44d	1	0.63mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	22d	1	0.69mi
1518 1/2 W Lexington St Baltimore, MD	2.0	2.0	1650	$1,200	$0.73	4d	1	0.73mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.73mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.73mi
1519 Penrose Ave Baltimore, MD	3.0	2.0	1200	$1,875	$1.56	44d	1	0.74mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	4d	1	0.75mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.75mi
10 S Carey St Baltimore, MD	2.0	1.0	1140	$1,550	$1.36	24d	1	0.79mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	24d	1	0.79mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	44d	1	0.83mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	44d	1	0.83mi
104 S Carrollton Ave Baltimore, MD	3.0	4.0	1232	$2,400	$1.95	4d	1	0.83mi

Listing history 27 events

1. 2026-06-18
   days on market $10,000 Active 164 DOM
2. 2026-06-17
   days on market $10,000 Active 163 DOM
3. 2026-06-16
   days on market $10,000 Active 162 DOM
4. 2026-06-15
   days on market $10,000 Active 161 DOM
5. 2026-06-13
   days on market $10,000 Active 159 DOM
6. 2026-06-09
   days on market $10,000 Active 155 DOM
7. 2026-06-08
   days on market $10,000 Active 154 DOM
8. 2026-06-07
   days on market $10,000 Active 153 DOM
9. 2026-06-04
   days on market $10,000 Active 150 DOM
10. 2026-06-03
    days on market $10,000 Active 149 DOM
11. 2026-06-02
    days on market $10,000 Active 148 DOM
12. 2026-06-01
    days on market $10,000 Active 147 DOM
13. 2026-05-31
    days on market $10,000 Active 146 DOM
14. 2026-04-16
    price $10,000 619-char remark

    Show marketing remark (619 chars)

    ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 6/9/2026 @ 10:00 AM. Bidding ends 6/11/2026 @ 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story townhouse is located in the Carrollton Ridge neighborhood of Baltimore City. Residents can enjoy the nearby facilities and attractions such as the Westside Shopping Center, Grace Medical Center, B & O Railroad Museum, and Carroll Park. The property is vacant. The area has easy access to the major traffic artery, Wilkens Ave, making commuting and city access seamless.

15. 2026-03-26
    price $15,000 619-char remark

    Show marketing remark (619 chars)

    ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 6/9/2026 @ 10:00 AM. Bidding ends 6/11/2026 @ 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story townhouse is located in the Carrollton Ridge neighborhood of Baltimore City. Residents can enjoy the nearby facilities and attractions such as the Westside Shopping Center, Grace Medical Center, B & O Railroad Museum, and Carroll Park. The property is vacant. The area has easy access to the major traffic artery, Wilkens Ave, making commuting and city access seamless.

16. 2026-01-05
    listed $20,000 Active 619-char remark

    Show marketing remark (619 chars)

    ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 6/9/2026 @ 10:00 AM. Bidding ends 6/11/2026 @ 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story townhouse is located in the Carrollton Ridge neighborhood of Baltimore City. Residents can enjoy the nearby facilities and attractions such as the Westside Shopping Center, Grace Medical Center, B & O Railroad Museum, and Carroll Park. The property is vacant. The area has easy access to the major traffic artery, Wilkens Ave, making commuting and city access seamless.

17. 2018-08-27
    soldstatus $8,000 Sold 244-char remark

    Show marketing remark (244 chars)

    PUBLIC ONSITE AUCTION: Thurs, Aug 16, 2018 @ 12:45pm. List Price is Suggested Opening Bid. 2 Story Townhome in Carrollton Ridge. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact auctioneer~s office.

18. 2018-08-17
    status Contract 244-char remark

    Show marketing remark (244 chars)

    PUBLIC ONSITE AUCTION: Thurs, Aug 16, 2018 @ 12:45pm. List Price is Suggested Opening Bid. 2 Story Townhome in Carrollton Ridge. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact auctioneer~s office.

19. 2018-07-27
    listed $5,000 Active 244-char remark

    Show marketing remark (244 chars)

    PUBLIC ONSITE AUCTION: Thurs, Aug 16, 2018 @ 12:45pm. List Price is Suggested Opening Bid. 2 Story Townhome in Carrollton Ridge. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact auctioneer~s office.

20. 2009-12-04
    historical
21. 2009-12-04
    historical Expired
22. 2009-07-22
    price
23. 2009-06-15
    listed
24. 2009-06-15
    listed $37,000
25. 2001-05-30
    soldstatus $20,000
26. 2000-01-15
    historical
27. 1999-12-24
    listed

ⓘ 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: $315 · $26/mo
• Projected year-2 tax: $315 · $26/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,978
• − Mortgage interest: −$560
• − Property taxes: −$315
• − Insurance: −$50
• − Repairs & maintenance: −$1,598
• − Management: −$1,598
• − Depreciation: −$291
• Taxable income: $15,566
• Est. tax owed @ 24.0%: −$3,736
• After-tax cash flow: $11,053/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

-50.0% since first listed

14 events — show timeline

• 2026-04-16 Price Changed $10,000 BRIGHT MLS
• 2026-03-26 Price Changed $15,000 BRIGHT MLS
• 2026-01-05 Listed $20,000 BRIGHT MLS
• 2018-08-27 Sold (MLS) $8,000 MRIS
• 2018-08-17 Pending — MRIS
• 2018-07-27 Listed $5,000 MRIS
• 2009-12-04 Listing Removed — BRIGHT MLS
• 2009-12-04 Delisted — MRIS
• 2009-07-22 Price Changed — MRIS
• 2009-06-15 Listed — MRIS
• 2009-06-15 Listed $37,000 BRIGHT MLS
• 2001-05-30 Sold (Public Records) $20,000 Public Records
• 2000-01-15 Delisted — MRIS
• 1999-12-24 Listed — MRIS

Property tax history

-4.6%/yr

Latest (2025): $315 · +13.6% YoY. Source: county tax records.