3040 E Federal St · Baltimore, MD 21213

$184,900

4 bd · 2.0 ba · 1,600 sqft · Townhouse public records · 11 Days on market

Built 1950 1,742 sqft lot Est $206k · 10% under

---

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 +12.2/15.0
• DSCR +8.0/10.0
• 1% rule +6.0/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

Key facts

• Built 1950
• Listed 10 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: Interior townhouse/rowhouse
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Aluminum fencing; Above-grade and below-grade structures

Interior

• Kitchen: Stove; Microwave; Refrigerator; Water heater
• Bedrooms: Three bedrooms on the first upper level; One bedroom on the main level
• Bathrooms: Two full bathrooms (one on the first upper level, one on the first lower level)
• Heating & cooling: Radiator heating; Window unit(s) for cooling
• Interior features: Entry-level bedroom; Fully finished basement; Chairlift (accessibility feature)
• Laundry & utility: Water heater (natural gas)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• 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 (+5.2%/yr); 319 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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).
• At $2,041/mo this rent would consume 48% of the median local household income ($51k/yr) (locally 1868% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $228 of equity ($1k loan paydown + $-1k appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $52k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts; this cycle's ask is 208% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $101k; list at $185k implies a 84% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $184,900

Questions for the listing agent

1. Built in 1950 — 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. 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.
6. 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.
7. 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: 1.10% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.01%
• DSCR: 1.40
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $206,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3040 E Federal St	0.00mi	4/2.0	1,600 (0%)	3mo	$100,700	$63	97
3022 E Federal St	0.04mi	4/2.5	1,726 (+8%)	3mo	$250,000	$145	81
3620 Erdman Ave	0.58mi	3/2.0 (-1)	1,600 (0%)	2mo	$120,000	$75	66
1403 N Decker Ave	0.15mi	3/2.0 (-1)	1,420 (-11%)	4mo	$94,500	$67	66
1501 N Ellwood Ave	0.08mi	3/2.5 (-1)	1,820 (+14%)	1mo	$240,000	$132	65
1106 N Lakewood Ave	0.48mi	3/1.0 (-1)	1,538 (-4%)	3mo	$50,000	$33	60
3506 Elmora Ave	0.46mi	4/2.0	1,767 (+10%)	3mo	$248,000	$140	59
3564 Elmora Ave	0.50mi	3/1.5 (-1)	1,478 (-8%)	1mo	$133,500	$90	56
3514 Elmora Ave	0.46mi	3/1.5 (-1)	1,472 (-8%)	3mo	$110,000	$75	55
2800 E Chase St	0.43mi	3/2.0 (-1)	1,400 (-12%)	4mo	$180,000	$129	51
2901 Edison Hwy	0.55mi	4/3.5	1,760 (+10%)	4mo	$275,000	$156	48
2220 Henneman Ave	0.74mi	3/2.5 (-1)	1,440 (-10%)	1mo	$190,000	$132	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 7.9%
• Equity multiple: 1.37×
• Total profit: $19,193
• Equity at exit: $48,497

10-year hold

• IRR: 15.2%
• Equity multiple: 2.70×
• Total profit: $87,771
• Equity at exit: $54,299

Cash invested: $51,772 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,041 high
• Mortgage (P&I): −$970
• Tax from tax record: −$177 /mo · $2,126/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $389

Break-even live

Break-even rent $1,549

Max offer price $184,900

Occupancy floor 76%

Sensitivity live

Price	-10% $493	-5% $441	+0% $389	+5% $336	+10% $284
Rent	-10% $227	-5% $308	+0% $389	+5% $469	+10% $550
Rate	-1.0pp $482	-0.5pp $436	base $389	+0.5pp $341	+1.0pp $292

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1403 N Linwood Ave Baltimore, MD	3.0	2.0	1660	$1,995	$1.20	44d	1	0.23mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	25d	1	0.31mi
2621 E Oliver St Baltimore, MD	3.0	2.0	1600	$1,700	$1.06	25d	1	0.38mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	21d	1	0.43mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	44d	1	0.43mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	25d	1	0.43mi
2706 E Biddle St Baltimore, MD	3.0	2.0	1577	$1,395	$0.88	44d	1	0.45mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.45mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	44d	1	0.48mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.50mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	25d	1	0.52mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.52mi
1829 N Port St Baltimore, MD	3.0	1.5	2000	$1,625	$0.81	44d	1	0.53mi
809 N Curley St Baltimore, MD	3.0	1.0	1746	$1,400	$0.80	23d	1	0.65mi
3005 Belair Rd Baltimore, MD	3.0	2.0	2000	$1,600	$0.80	18d	1	0.67mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	44d	1	0.71mi
724 N Curley St Baltimore, MD	3.0	3.0	1500	$2,200	$1.47	5d	1	0.71mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	12d	1	0.72mi
718 N Curley St Baltimore, MD	3.0	3.0	1500	$2,000	$1.33	5d	1	0.72mi
2815 E Madison St Baltimore, MD	4.0	2.0	1300	$2,500	$1.92	44d	1	0.72mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	0.81mi
3304 McElderry St Baltimore, MD	3.0	2.0	1413	$1,900	$1.34	44d	1	0.82mi
2202 Prentiss Pl Baltimore, MD	3.0	2.0	1400	$2,400	$1.71	44d	1	0.83mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,900	$1.62	23d	1	0.85mi
3203 Clarence Ave Baltimore, MD	5.0	1.0	1388	$1,865	$1.34	44d	1	0.85mi
924 N Kresson St Baltimore, MD	4.0	3.0	2000	$2,199	$1.10	44d	1	0.86mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	44d	1	0.88mi
537 N Lakewood Ave Baltimore, MD	3.0	3.5	1755	$2,050	$1.17	44d	1	0.90mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,550	$1.35	25d	1	0.90mi
533 N Lakewood Ave Baltimore, MD	4.0	3.5	1758	$4,500	$2.56	44d	1	0.90mi
2903 Jefferson St Baltimore, MD	3.0	3.0	1609	$1,850	$1.15	44d	1	0.91mi
539 N Luzerne Ave Baltimore, MD	3.0	2.5	1702	$2,300	$1.35	44d	1	0.92mi
1629 N Wolfe St Baltimore, MD	3.0	3.0	1561	$1,800	$1.15	25d	1	0.93mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	5d	1	0.95mi
821 N Collington Ave Baltimore, MD	3.0	2.0	1150	$1,950	$1.70	44d	1	0.95mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,100	$1.59	17d	1	0.96mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,200	$1.67	25d	1	0.96mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	0.96mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	0.96mi
2431 McElderry St Baltimore, MD	4.0	2.5	1600	$2,100	$1.31	44d	1	0.98mi

Listing history 23 events

1. 2026-06-21
   days on market $184,900 Active 11 DOM
2. 2026-06-18
   days on market $184,900 Active 8 DOM
3. 2026-06-17
   days on market $184,900 Active 7 DOM
4. 2026-06-16
   days on market $184,900 Active 6 DOM
5. 2026-06-15
   days on market $184,900 Active 5 DOM
6. 2026-06-13
   statusdays on market $184,900 Active 3 DOM
7. 2026-06-09
   days on market $184,900 Coming Soon 14 DOM
8. 2026-06-08
   days on market $184,900 Coming Soon 13 DOM
9. 2026-06-07
   days on market $184,900 Coming Soon 12 DOM
10. 2026-06-04
    days on market $184,900 Coming Soon 9 DOM
11. 2026-06-03
    days on market $184,900 Coming Soon 8 DOM
12. 2026-06-02
    days on market $184,900 Coming Soon 7 DOM
13. 2026-06-01
    days on market $184,900 Coming Soon 6 DOM
14. 2026-05-31
    days on market $184,900 Coming Soon 5 DOM
15. 2026-05-26
    historical $184,900
16. 2026-04-09
    soldstatus $100,700
17. 2026-03-12
    soldstatus $100,700 Closed 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

18. 2026-01-28
    status Pending 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

19. 2026-01-06
    status Active 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

20. 2026-01-06
    status Active 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

21. 2026-01-06
    historical 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

22. 2025-12-22
    historical 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

23. 2025-12-01
    listed $60,000 Active 1109-char remark

    Show marketing remark (1109 chars)

    Online Auction Only! Bidding begins Thursday, January 22, 2026 & ends Tuesday, January 27, 2026 at 11:00 AM. Online auction to be conducted on Auctioneers website. Presenting 3040 E Federal St. Discover this lovingly maintained, all-brick townhome in the desirable "Berea" area. Spanning across 3 levels, this property is ideal for investors, rehabbers, and visionaries looking to unlock value in a community with steady growth and revitalization momentum. With the right updates, this property has the potential to become a high-yield rental, or long-term hold in an area poised for continued appreciation. Berea is know for its proximity to major commuter routes, public transit, and local institutions adds convenience, while nearby parks, schools, and small businesses contribute to its residential appeal. * Note * Sale includes parcel in rear of 3040 E Federal St, Baltimore City Parcel ID Number 08161476F021A, Legal Description: 19-11x4-10 REAR NS FEDERAL ST REAR 3040 FEDERAL ST comprised of 80 SF ± Please refer to the plat provided on auctioneer's site for more information.

ⓘ 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: $2,126 · $177/mo
• Projected year-2 tax: $2,126 · $177/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 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,495
• − Mortgage interest: −$10,357
• − Property taxes: −$2,126
• − Insurance: −$924
• − Repairs & maintenance: −$1,960
• − Management: −$1,960
• − Depreciation: −$5,379
• Taxable income: $1,789
• Est. tax owed @ 24.0%: −$429
• After-tax cash flow: $4,236/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+208.2% since first listed

9 events — show timeline

• 2026-05-26 Coming Soon $184,900 BRIGHT MLS
• 2026-04-09 Sold (Public Records) $100,700 Public Records
• 2026-03-12 Sold (MLS) $100,700 BRIGHT MLS
• 2026-01-28 Pending — BRIGHT MLS
• 2026-01-06 Relisted — BRIGHT MLS
• 2026-01-06 Relisted — BRIGHT MLS
• 2026-01-06 Listing Removed — BRIGHT MLS
• 2025-12-22 Listing Removed — BRIGHT MLS
• 2025-12-01 Listed $60,000 BRIGHT MLS

Property tax history

-0.3%/yr

Latest (2025): $2,126 · +5.5% YoY. Source: county tax records.