1793 Baltimore Ave · Cincinnati, OH 45225

$39,900

1 bd · 1.0 ba · 616 sqft · SingleFamily public records · 129 Days on market

Built 1905 2,047 sqft lot Est $28k · 44% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Pc9529 Remodeled Bath And Kitchen. Good For First Investment Or Single Person.

Key facts

• Plumbing updated
• Roof updated
• Electric updated

Tags

• ROOF UPDATED
• ELECTRIC UPDATED
• PLUMBING UPDATED

Property features AI

Finance

• Other: Residential zoning
• HOA & community: No HOA

Exterior

• Utilities: Public water; Public sewer; Natural gas
• Home design: Traditional single-family home; One story
• Construction: Other foundation
• Exterior features: Vinyl windows; Shingle roof; Vinyl siding

Interior

• Bedrooms: One bedroom on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Gas heating; Cooling: Other; Gas water heating
• Interior features: Three total rooms; Full basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $479 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($935 rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.7% vs local median 3.9% in Cincinnati — 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 80/100 on livability (#130 in OH, #1,856 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Cincinnati Public Schools (urban): math 25% / reading 36% proficiency, ranked #581 of 656 in OH (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 32 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 801 units permitted in Hamilton County in 2024 (190 in 5+ unit buildings).
• At $935/mo this rent would consume 55% of the median local household income ($20k/yr) (locally 1466% 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 $4k of equity ($276 loan paydown + $4k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y ago; this cycle's ask has dropped $10k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $14k; list at $40k implies a 185% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 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 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. 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.
8. 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.
9. 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: 2.34% ✓
• Cap rate: 20.71%
• Cash-on-cash: 51.48%
• DSCR: 3.29
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $27,720
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2524 Beekman St	0.59mi	2/2.0 (+1)	580 (-6%)	20mo	$26,000	$45	37

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 64.9%
• Equity multiple: 5.68×
• Total profit: $52,262
• Equity at exit: $35,945

10-year hold

• IRR: 58.4%
• Equity multiple: 12.63×
• Total profit: $129,905
• Equity at exit: $77,517

Cash invested: $11,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 45225

• Home prices YoY: 4.6%
• Active inventory: 32
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $935 high
• Mortgage (P&I): −$209
• Tax from tax record: −$34 /mo · $404/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $479

Break-even live

Break-even rent $329

Max offer price $39,900

Occupancy floor 44%

Sensitivity live

Price	-10% $502	-5% $491	+0% $479	+5% $468	+10% $457
Rent	-10% $405	-5% $442	+0% $479	+5% $516	+10% $553
Rate	-1.0pp $499	-0.5pp $489	base $479	+0.5pp $469	+1.0pp $458

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2504 White St Unit 7 Cincinnati, OH	1.0	1.0	600	$695	$1.16	24d	1	0.47mi
2556 Beekman St Apt 101 Cincinnati, OH	1.0	1.0	600	$800	$1.33	24d	1	0.53mi
2109 Harrison Ave Unit 15 Cincinnati, OH	1.0	1.0	625	$900	$1.44	4d	1	0.74mi
2102 Queen City Ave Cincinnati, OH	—	1.0	425	$695	$1.64	24d	1	0.90mi
3103 Colerain Ave Unit 1 Cincinnati, OH	1.0	1.0	700	$895	$1.28	24d	1	0.98mi
3107 Colerain Ave Unit 1 Cincinnati, OH	1.0	1.0	700	$895	$1.28	18d	1	0.98mi
1657 Lionel Ave Cincinnati, OH	1.0	1.0	675	$1,100	$1.63	24d	1	1.00mi
3178 Saffer St Cincinnati, OH	—	1.0	450	$875	$1.94	24d	1	1.01mi
2230 Westwood Northern Blvd Cincinnati, OH	1.0–2.0	1.0–2.0	792	$850	$1.07	24d	3	1.04mi
3301 Colerain Ave Cincinnati, OH	1.0	1.0	1021	$1,491	$1.46	5d	9	1.10mi
1042 Marshall Ave Unit 2nd Floor Cincinnati, OH	1.0	1.0	600	$795	$1.32	24d	1	1.16mi
2303 Wyoming Ave Unit 2303-5 Cincinnati, OH	1.0	1.0	680	$880	$1.29	5d	1	1.18mi
2303 Wyoming Ave Unit 2303-7 Cincinnati, OH	1.0	1.0	680	$850	$1.25	24d	1	1.18mi
2303 Wyoming Ave Unit 2303-4 Cincinnati, OH	1.0	1.0	680	$975	$1.43	24d	1	1.18mi
2303 Wyoming Ave Cincinnati, OH	1.0	1.0	680	$912	$1.34	17d	2	1.18mi
2303 Wyoming Ave Unit 2303-8 Cincinnati, OH	1.0	1.0	680	$800	$1.18	5d	1	1.18mi
2299 Wyoming Ave Cincinnati, OH	1.0	1.0	680	$850	$1.25	17d	1	1.21mi
2291 Wyoming Ave Unit 2291-11 Cincinnati, OH	1.0	1.0	680	$850	$1.25	24d	1	1.22mi
2291 Wyoming Ave Unit 2291-1 Cincinnati, OH	1.0	1.0	680	$800	$1.18	5d	1	1.22mi
2332 Harrison Ave Cincinnati, OH	1.0	1.0	600	$750	$1.25	17d	1	1.24mi
2332 Harrison Ave Cincinnati, OH	1.0	1.0	600	$750	$1.25	24d	1	1.24mi
2751 Faber Ave Apt 3 Cincinnati, OH	1.0	1.0	544	$710	$1.31	24d	1	1.24mi
2701 Lehman Rd Unit 18 Cincinnati, OH	2.0	1.0	652	$1,400	$2.15	24d	1	1.34mi
2582 W McMicken Ave Apt 4 Cincinnati, OH	1.0	1.0	700	$895	$1.28	4d	1	1.35mi
2341 W McMicken Ave Unit 4 Cincinnati, OH	1.0	1.0	594	$900	$1.52	5d	1	1.37mi
717 Martin Luther King Dr W Cincinnati, OH	2.0	1.0–2.0	767	$1,387	$1.81	2d	56	1.39mi
644 Probasco St Unit 16 Cincinnati, OH	1.0	1.0	675	$765	$1.13	24d	1	1.43mi
644 Probasco St Unit 7 Cincinnati, OH	1.0	1.0	650	$795	$1.22	24d	1	1.43mi
644 Probasco St Unit 18 Cincinnati, OH	1.0	1.0	675	$815	$1.21	24d	1	1.43mi
714 Clifton Colony Dr Cincinnati, OH	1.0	1.0	605	$825	$1.36	4d	31	1.43mi
688 Riddle Rd Cincinnati, OH	1.0	1.0	571	$1,210	$2.12	18d	3	1.45mi
3271 Morrison Ave Unit 7 Cincinnati, OH	2.0	1.0	526	$1,195	$2.27	20d	1	1.48mi
3287 Morrison Ave Unit 10 Cincinnati, OH	1.0	1.0	493	$775	$1.57	24d	1	1.48mi
2151 Colerain Ave Unit 101 Cincinnati, OH	2.0	1.0	687	$1,295	$1.89	15d	1	1.49mi
2151 Colerain Ave Unit 302 Cincinnati, OH	2.0	1.0	593	$1,095	$1.85	15d	1	1.49mi
596 Lowell Ave Unit 596-06 Cincinnati, OH	2.0	1.0	580	$995	$1.72	24d	1	1.50mi

Listing history 22 events

1. 2026-06-21
   days on market $39,900 Active 129 DOM
2. 2026-06-18
   days on market $39,900 Active 126 DOM
3. 2026-06-17
   days on market $39,900 Active 125 DOM
4. 2026-06-16
   days on market $39,900 Active 124 DOM
5. 2026-06-15
   days on market $39,900 Active 123 DOM
6. 2026-06-13
   days on market $39,900 Active 121 DOM
7. 2026-06-13
   days on market $39,900 Active 120 DOM
8. 2026-06-09
   days on market $39,900 Active 117 DOM
9. 2026-06-08
   days on market $39,900 Active 116 DOM
10. 2026-06-07
    days on market $39,900 Active 115 DOM
11. 2026-06-03
    days on market $39,900 Active 111 DOM
12. 2026-06-02
    days on market $39,900 Active 110 DOM
13. 2026-06-01
    days on market $39,900 Active 109 DOM
14. 2026-05-31
    days on market $39,900 Active 108 DOM
15. 2026-04-20
    price $39,900
16. 2026-02-12
    listed $49,900 Active
17. 2003-07-08
    historical
18. 2003-03-28
    listed $20,400
19. 2001-06-22
    soldstatus $14,000 78-char remark

    Show marketing remark (78 chars)

    Pc9529 Remodeled Bath And Kitchen. Good For First Investment Or Single Person.

20. 2001-01-05
    listed $21,900 78-char remark

    Show marketing remark (78 chars)

    Pc9529 Remodeled Bath And Kitchen. Good For First Investment Or Single Person.

21. 1989-06-16
    soldstatus $12,500
22. 1988-06-24
    soldstatus $13,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $404 · $34/mo
• Projected year-2 tax: $513 · $43/mo
• Expected delta: +$109/yr (+$9/mo · 27.0%)

ⓘ 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 4/10 Moderate 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,223
• − Mortgage interest: −$2,235
• − Property taxes: −$404
• − Insurance: −$200
• − Repairs & maintenance: −$898
• − Management: −$898
• − Depreciation: −$1,161
• Taxable income: $5,428
• Est. tax owed @ 24.0%: −$1,303
• After-tax cash flow: $4,449/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: Cincinnati Public Schools
• NCES district ID: 3904375
• Math proficiency: 25% ▼ -19.00%
• Reading proficiency: 36% ▼ -14.00%
• Median HH income: $35,743
• Composite: 25.21/100
• National rank: #7508
• State rank: #581 of 656 in OH

Livability — Cincinnati

• Score: 80/100
• State rank: #130
• US rank: #1856

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D Housing A+ Health & safety B+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cincinnati, OH
• County: Hamilton County · 701,295 people
• City population: 505,555
• Metro: Cincinnati, OH-KY-IN
• Population (ZIP): 9,583
• Household income: $20,348
• Rent vs Own: 87.2% rent · 12.8% own
• Severe rent burden: 1466.0

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 826,054 people
• By 2030: 830,947 · +0.6%
• By 2040: 832,319 · +0.8%
• By 2050: 822,428 · -0.4%
• By 2075: 788,688 · -4.5%
• By 2100: 710,674 · -14.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Slovak 1% Romanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 2%

Political lean MEDSL · Hamilton

• 2024 margin: D (+14.9) · D 57.0% · R 42.1%
• 2008→2024 swing: +7.9pp toward D · 2008: 7.0pp · 2024: 14.9pp
• All cycles: 2024: D+14.9 2020: D+15.9 2016: D+9.5 2012: D+4.9 2008: D+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.21%
• Current HPI: 232.7908
• Rent YoY: —
• Metro: Cincinnati, OH-KY-IN
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+195.6% since first listed

8 events — show timeline

• 2026-04-20 Price Changed $39,900 Cincy MLS
• 2026-02-12 Listed $49,900 Cincy MLS
• 2003-07-08 Listing Removed — Cincy MLS
• 2003-03-28 Listed $20,400 Cincy MLS
• 2001-06-22 Sold (MLS) $14,000 Cincy MLS
• 2001-01-05 Listed $21,900 Cincy MLS
• 1989-06-16 Sold (Public Records) $12,500 Public Records
• 1988-06-24 Sold (Public Records) $13,500 Public Records

Property tax history

+11.0%/yr

Latest (2025): $404 · +0.1% YoY. Source: county tax records.