4830 Pimlico Rd · Baltimore, MD 21215

$110,000

2 bd · 1.0 ba · 512 sqft · Townhouse public records · 30 Days on market

Built 1925 1,751 sqft lot $215/sqft · 144% above area Est $119k · 7% under

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Why this score? — see what drove the C- 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 +19.9/30.0
• ARV discount +10.8/15.0
• 1% rule +6.3/10.0
• DSCR +6.3/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

AFFORDABLE RENOVATION ON QUIET BLOCK - PRICED TO SELL! -This house is brand new inside, featuring: new kitchen, updated bath, fresh paint, new floors, new carpet, recessed lighting, small yard & much more!PRICED TO SELL. HURRY THIS ONE WILL NOT LAST!

Key facts

• Built 1925
• Listed 30 days

Property features AI

Finance

• Other: Land assessed at $30,000; Improvements assessed at $100,000; Year built source: Assessor
• Financial info: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Community water; No septic system; Natural gas for heating, hot water, and cooling
• Home design: Interior townhouse/rowhouse; Above-grade finished area approximately 1,350 (estimated)
• Construction: Brick construction; Crawl space and concrete perimeter foundation; Other structures above and below grade
• Exterior features: Not in a federal flood zone; Ground rent paid annually; Property is in city limits (Baltimore City); Property manager present

Interior

• Bedrooms: Two bedrooms on the first upper level
• Bathrooms: One full bathroom (upper level); One half bathroom on main level
• Heating & cooling: Radiator heating fueled by natural gas; Central air conditioning (natural gas)
• Interior features: Estimated living area; Unfinished basement with poured concrete

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $110k.

Deal economics

• At list price, monthly cash flow is $133 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 6.0% in Baltimore — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+2.4%/yr); 351 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $90k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $108,350 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — 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: 1.13% ✓
• Cap rate: 7.74%
• Cash-on-cash: 5.17%
• DSCR: 1.23
• GRM: 7.4

CMA / ARV

• ARV (median comp): $118,639
• List price: $110,000
• Delta: -7.28%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.67×
• Total profit: $-10,029
• Equity at exit: $16,401

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-522
• Equity at exit: $9,511

Cash invested: $30,800 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,245 high
• Mortgage (P&I): −$577
• Tax from tax record: −$228 /mo · $2,740/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $133

Break-even live

Break-even rent $1,077

Max offer price $110,000

Occupancy floor 84%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3016 Thorndale Ave Baltimore, MD	1.0–3.0	1.0	700	$1,020	$1.46	4d	14	0.11mi
4910 Poe Ave Unit 2 Baltimore, MD	2.0	1.0	750	$990	$1.32	24d	1	0.33mi
4936 Lanier Ave Baltimore, MD	1.0–2.0	1.0	750	$1,370	$1.83	3d	5	0.41mi
3702 Hayward Ave Baltimore, MD	3.0	1.0	640	$1,695	$2.65	24d	1	0.73mi
5447 Park Heights Ave Baltimore, MD	2.0	1.0	663	$950	$1.43	16d	1	0.75mi
4037 Edgewood Rd Unit 1 Baltimore, MD	2.0	1.0	726	$1,100	$1.52	43d	1	1.05mi
5902 Cross Country Blvd Baltimore, MD	2.0	2.0	720	$1,575	$2.19	24d	1	1.05mi
5902 Cross Country Blvd Baltimore, MD	1.0–2.0	1.0–2.0	785	$1,699	$2.16	4d	6	1.05mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$2,690	$2.33	1d	31	1.07mi
3912 W Northern Pkwy Baltimore, MD	1.0	1.0	583	$1,250	$2.14	43d	2	1.12mi
4008 Hilton Rd Unit 1st Fl Baltimore, MD	2.0	1.0	750	$1,295	$1.73	43d	1	1.13mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,771	$2.12	2d	7	1.21mi
4411 Falls Bridge Dr Unit L Baltimore, MD	2.0	1.0	700	$1,395	$1.99	43d	1	1.31mi
4412 La Plata Ave Baltimore, MD	1.0–2.0	1.0	650	$1,534	$2.36	2d	12	1.32mi
1701 Mount Washington Ct Unit D Baltimore, MD	1.0	1.0	546	$1,300	$2.38	16d	1	1.32mi
6101 Park Heights Ave Baltimore, MD	1.0	1.0	660	$1,200	$1.82	4d	1	1.39mi
6111 Berkeley Ave Unit C1 Baltimore, MD	1.0	1.0	430	$1,150	$2.67	24d	1	1.44mi
3600 Garrison Blvd Unit T2 Baltimore, MD	2.0	1.0	750	$1,149	$1.53	24d	1	1.47mi
3600 Garrison Blvd Apt A3 Baltimore, MD	1.0	1.0	600	$999	$1.67	3d	1	1.47mi
3600 Garrison Blvd Unit B3 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	43d	1	1.47mi
2709 Hanson Ave Baltimore, MD	1.0–2.0	1.0	725	$1,495	$2.06	14d	7	1.49mi

Listing history 17 events

1. 2026-06-08
   status $110,000 Pending 30 DOM
2. 2026-06-07
   days on market $110,000 Active 30 DOM
3. 2026-06-04
   days on market $110,000 Active 27 DOM
4. 2026-06-03
   days on market $110,000 Active 26 DOM
5. 2026-06-02
   days on market $110,000 Active 25 DOM
6. 2026-06-01
   days on market $110,000 Active 24 DOM
7. 2026-05-31
   days on market $110,000 Active 23 DOM
8. 2026-05-08
   listed $110,000 Active 1037-char remark
9. 2026-04-30
   historical
10. 2026-03-02
    price $110,000
11. 2026-02-06
    listed $120,000 Active
12. 2026-02-02
    historical
13. 2022-04-09
    price $1,225
14. 2019-09-03
    soldstatus $89,500 Closed

    Show marketing remark (256 chars)

    AFFORDABLE RENOVATION ON QUIET BLOCK - PRICED TO SELL! -This house is brand new inside, featuring: new kitchen, updated bath, fresh paint, new floors, new carpet, recessed lighting, small yard & much more!PRICED TO SELL. HURRY THIS ONE WILL NOT LAST!

15. 2019-08-05
    status Pending

    Show marketing remark (256 chars)

    AFFORDABLE RENOVATION ON QUIET BLOCK - PRICED TO SELL! -This house is brand new inside, featuring: new kitchen, updated bath, fresh paint, new floors, new carpet, recessed lighting, small yard & much more!PRICED TO SELL. HURRY THIS ONE WILL NOT LAST!

16. 2019-07-15
    listed $89,500 Active

    Show marketing remark (256 chars)

    AFFORDABLE RENOVATION ON QUIET BLOCK - PRICED TO SELL! -This house is brand new inside, featuring: new kitchen, updated bath, fresh paint, new floors, new carpet, recessed lighting, small yard & much more!PRICED TO SELL. HURRY THIS ONE WILL NOT LAST!

17. 1991-12-23
    soldstatus $28,000

ⓘ 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: $2,740 · $228/mo
• Projected year-2 tax: $2,740 · $228/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 6/10 Major 7 d/yr ≥104°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: $14,944
• − Mortgage interest: −$6,162
• − Property taxes: −$2,740
• − Insurance: −$550
• − Repairs & maintenance: −$1,196
• − Management: −$1,196
• − Depreciation: −$3,200
• Taxable loss: −$99
• Est. tax savings @ 24.0%: +$24
• After-tax cash flow: $1,617/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+292.9% since first listed

11 events — show timeline

• 2026-06-07 Pending — BRIGHT MLS
• 2026-05-08 Listed $110,000 BRIGHT MLS
• 2026-04-30 Listing Removed — BRIGHT MLS
• 2026-03-02 Price Changed $110,000 BRIGHT MLS
• 2026-02-06 Listed $120,000 BRIGHT MLS
• 2026-02-02 Coming Soon — BRIGHT MLS
• 2022-04-09 Price Changed $1,225 RENT.
• 2019-09-03 Sold (MLS) $89,500 BRIGHT MLS
• 2019-08-05 Pending — BRIGHT MLS
• 2019-07-15 Listed $89,500 BRIGHT MLS
• 1991-12-23 Sold (Public Records) $28,000 Public Records

Property tax history

+27.5%/yr

Latest (2025): $2,740 · +6.1% YoY. Source: county tax records.