1004 N Warwick Ave · Baltimore, MD 21216

$10,000

3 bd · 1.0 ba · 1,128 sqft · Townhouse public records · 13 Days on market

Built 1920

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

Key facts

• Built 1920
• Listed 13 days

Tags

• 2 STORY DETACHED TOWNHOUSE
• BRIDGEVIEW GREENLAWN AREA
• MINUTES TO GWYNNS FALLS PARK

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 ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $10k).
• Cap rate 162.2% 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 (+6.1%/yr); 252 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,732/mo this rent would consume 49% of the median local household income ($42k/yr) (locally 2264% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 + 6.1% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 23y 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.

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 $10,000

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: 17.32% ✓
• Cap rate: 162.23%
• Cash-on-cash: 556.92%
• DSCR: 25.78
• GRM: 0.5

CMA / ARV

• ARV (on-the-fly): $69,936
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2727 Baker St	0.48mi	3/1.0	1,116 (-1%)	3mo	$125,000	$112	74
1541 N Pulaski St	0.53mi	3/1.0	1,100 (-2%)	3mo	$115,000	$105	69
2711 Riggs Ave	0.29mi	3/1.0	1,288 (+14%)	2mo	$134,000	$104	62
2649 W Lafayette Ave	0.27mi	3/2.0	1,260 (+12%)	3mo	$210,000	$167	61
2435 Lauretta Ave	0.44mi	3/1.0	1,260 (+12%)	1mo	$45,000	$36	60
3039 Harlem Ave	0.67mi	3/1.0	1,070 (-5%)	1mo	$27,500	$26	59
537 Longwood St	0.63mi	4/2.0 (+1)	1,176 (+4%)	0mo	$60,000	$51	54
1218 N Longwood St	0.59mi	4/2.0 (+1)	1,190 (+6%)	2mo	$56,000	$47	52
2952 Presstman St	0.63mi	3/1.0	980 (-13%)	1mo	$60,000	$61	48
633 N Brice St	0.48mi	4/2.5 (+1)	1,250 (+11%)	2mo	$78,000	$62	47
3004 Brighton St	0.68mi	3/1.0	1,288 (+14%)	1mo	$44,000	$34	44
1906 W Saratoga St	0.73mi	3/1.5	1,273 (+13%)	2mo	$155,000	$122	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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 31.98×
• Total profit: $86,742
• Equity at exit: $1,491

10-year hold

• IRR: —
• Equity multiple: 74.78×
• Total profit: $206,578
• 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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 0.5×

Monthly cashflow live

• Estimated rent: $1,732 high
• Mortgage (P&I): −$52
• Tax est. 1.5%: −$12 /mo · $150/yr
• Insurance: −$4
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $1,299

Break-even live

Break-even rent $87

Max offer price $10,000

Occupancy floor 20%

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
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	24d	1	0.16mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	44d	1	0.19mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	24d	1	0.23mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.32mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	24d	1	0.32mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	0.37mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	44d	1	0.45mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	24d	1	0.46mi
1914 Mosher St Unit 1914 Baltimore, MD	4.0	2.5	1200	$1,700	$1.42	44d	1	0.48mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	900	$1,450	$1.61	24d	1	0.48mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	24d	1	0.50mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	44d	1	0.53mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	44d	1	0.55mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	44d	1	0.60mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	44d	1	0.61mi
813 N Fulton Ave Unit 1 Baltimore, MD	2.0	1.0	1200	$1,350	$1.12	44d	1	0.63mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	11d	1	0.64mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	24d	1	0.64mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	24d	1	0.64mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.64mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	44d	1	0.65mi
2012 W Saratoga St Baltimore, MD	3.0	1.0	1300	$1,700	$1.31	24d	1	0.68mi
1433 N Fulton Ave Baltimore, MD	2.0	1.0	1200	$1,500	$1.25	44d	1	0.69mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	4d	1	0.70mi
1722 N Monroe St Baltimore, MD	3.0	1.5	1000	$1,350	$1.35	24d	1	0.74mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	44d	1	0.76mi
1846 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1250	$1,300	$1.04	44d	1	0.77mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	18d	1	0.77mi
1625 Edmondson Ave Unit 1 Baltimore, MD	4.0	3.0	1500	$2,175	$1.45	4d	1	0.79mi
1625 Edmondson Ave Unit 2 Baltimore, MD	4.0	3.0	1500	$1,895	$1.26	12d	1	0.79mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	44d	1	0.80mi
1930 N Payson St Baltimore, MD	2.0	2.0	980	$1,500	$1.53	24d	1	0.82mi
834 N Stricker St Baltimore, MD	4.0	1.0	1200	$1,500	$1.25	20d	1	0.82mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	44d	1	0.83mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	2d	3	0.84mi
2204 Clifton Ave Baltimore, MD	3.0	1.0	1400	$1,450	$1.04	4d	1	0.84mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	24d	1	0.86mi
2225 W Baltimore St Baltimore, MD	3.0	2.5	1200	$1,600	$1.33	24d	1	0.88mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	44d	1	0.89mi
1806 N Mount St Baltimore, MD	3.0	3.0	1200	$1,700	$1.42	20d	1	0.89mi

Listing history 32 events

1. 2026-04-06
   status Pending
2. 2026-03-24
   listed $10,000 Active
3. 2023-12-15
   soldstatus $45,000
4. 2023-06-10
   status Pending
5. 2023-06-08
   historical
6. 2023-06-08
   historical
7. 2023-05-26
   listed $55,000 Active
8. 2022-09-28
   soldstatus $45,000 Closed 296-char remark

   Show marketing remark (296 chars)

   Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

9. 2022-08-24
   historical Active Under Contract 296-char remark

   Show marketing remark (296 chars)

   Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

10. 2022-07-13
    price $71,500 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

11. 2022-06-22
    price $76,500 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

12. 2022-06-08
    price $79,000 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

13. 2022-06-02
    price $81,500 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

14. 2022-05-18
    price $84,000 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

15. 2022-05-11
    price $86,500 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

16. 2022-04-27
    price $89,000 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

17. 2022-04-20
    price $94,000 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

18. 2022-04-01
    listed $99,000 Active 296-char remark

    Show marketing remark (296 chars)

    Attention investors to owner-occupants. An amazing opportunity not to be missed. All offers will be presented, $5000 deposit and proof of funds will be required, AS-IS sale and the buyer is responsible for L & I. Cash or hard money financing preferred. Don't let this opportunity pass you by!

19. 2019-03-08
    soldstatus $50,000
20. 2019-03-08
    soldstatus $51,745
21. 2018-01-12
    soldstatus $118,500
22. 2016-09-08
    historical Withdrawn
23. 2016-09-08
    historical
24. 2016-08-29
    price
25. 2016-06-01
    listed Active
26. 2016-06-01
    listed $44,900
27. 2004-05-13
    soldstatus $77,500
28. 2004-04-29
    soldstatus $40,000
29. 2004-03-16
    historical
30. 2004-02-09
    historical
31. 2004-02-05
    listed $45,000
32. 2003-06-06
    listed

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

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: $20,789
• − Mortgage interest: −$560
• − Property taxes: −$150
• − Insurance: −$50
• − Repairs & maintenance: −$1,663
• − Management: −$1,663
• − Depreciation: −$291
• Taxable income: $16,412
• Est. tax owed @ 24.0%: −$3,939
• After-tax cash flow: $11,655/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

-77.8% since first listed

32 events — show timeline

• 2026-04-06 Pending — BRIGHT MLS
• 2026-03-24 Listed $10,000 BRIGHT MLS
• 2023-12-15 Sold (Public Records) $45,000 Public Records
• 2023-06-10 Pending — BRIGHT MLS
• 2023-06-08 Listing Removed — BRIGHT MLS
• 2023-06-08 Listing Removed — BRIGHT MLS
• 2023-05-26 Listed $55,000 BRIGHT MLS
• 2022-09-28 Sold (MLS) $45,000 BRIGHT MLS
• 2022-08-24 Contingent — BRIGHT MLS
• 2022-07-13 Price Changed $71,500 BRIGHT MLS
• 2022-06-22 Price Changed $76,500 BRIGHT MLS
• 2022-06-08 Price Changed $79,000 BRIGHT MLS
• 2022-06-02 Price Changed $81,500 BRIGHT MLS
• 2022-05-18 Price Changed $84,000 BRIGHT MLS
• 2022-05-11 Price Changed $86,500 BRIGHT MLS
• 2022-04-27 Price Changed $89,000 BRIGHT MLS
• 2022-04-20 Price Changed $94,000 BRIGHT MLS
• 2022-04-01 Listed $99,000 BRIGHT MLS
• 2019-03-08 Sold (Public Records) $51,745 Public Records
• 2019-03-08 Sold (Public Records) $50,000 Public Records
• 2018-01-12 Sold (Public Records) $118,500 Public Records
• 2016-09-08 Listing Removed — BRIGHT MLS
• 2016-09-08 Delisted — MRIS
• 2016-08-29 Price Changed — MRIS
• 2016-06-01 Listed — MRIS
• 2016-06-01 Listed $44,900 BRIGHT MLS
• 2004-05-13 Sold (Public Records) $77,500 Public Records
• 2004-04-29 Sold (MLS) $40,000 MRIS
• 2004-03-16 Delisted — MRIS
• 2004-02-09 Delisted — MRIS
• 2004-02-05 Listed $45,000 MRIS
• 2003-06-06 Listed — MRIS

Property tax history

-1.0%/yr

Latest (2025): $1,137 · +3.6% YoY. Source: county tax records.