629 N Kenwood Ave · Baltimore, MD 21205

$79,900

2 bd · 1.0 ba · 630 sqft · Townhouse public records · 15 Days on market

Built 1911 871 sqft lot $127/sqft · 30% above area Est $107k · 26% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

XXX

Key facts

• Built 1911
• Listed 15 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Estimated year built
• Construction: Brick construction; Concrete perimeter foundation; Above-grade and below-grade structures
• Exterior features: Patio(s); Sidewalks; Level entry to main floor

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 2 bedrooms on the first upper level
• Flooring: Laminate plank flooring; Tile or brick flooring; Wood floors
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Hot water radiator heating; Oil-fired heating; Natural gas hot water
• Interior features: Open floor plan; Eat-in kitchen; Dining area; Tub/shower; Drywall walls and ceilings; Partially finished basement with interior access, connecting stairway, outside/rear entrance, walkout stairs and windows
• Laundry & utility: Laundry room; Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $80k.

Deal economics

• At list price, monthly cash flow is $619 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.6% 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 (+9.9%/yr); 143 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% of the median local income ($43k/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 $552 of loan paydown is wiped out by about $2k 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 + 8.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 29y 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 1911 — 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 $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1911 — 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: 1.91% ✓
• Cap rate: 15.59%
• Cash-on-cash: 33.19%
• DSCR: 2.48
• GRM: 4.4

CMA / ARV

• ARV (median comp): $107,414
• List price: $79,900
• Delta: -25.61%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2305 Ashland Ave	0.40mi	3/1.0 (+1)	616 (-2%)	4mo	$78,000	$127	70
506 N Patterson Park Ave	0.41mi	3/1.5 (+1)	640 (+2%)	8mo	$78,000	$122	65
26 N Madeira St	0.58mi	2/2.0	672 (+7%)	7mo	$103,000	$153	52
2107 Moyer St	0.65mi	1/1.5 (-1)	624 (-1%)	13mo	$195,000	$313	50
127 N Port St	0.42mi	1/1.5 (-1)	696 (+10%)	21mo	$165,000	$237	39
7 N Chester St N Unit 7E	0.68mi	1/1.0 (-1)	537 (-15%)	21mo	$182,000	$339	21

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 34.2%
• Equity multiple: 2.55×
• Total profit: $34,595
• Equity at exit: $11,913

10-year hold

• IRR: 43.7%
• Equity multiple: 6.27×
• Total profit: $117,857
• Equity at exit: $6,908

Cash invested: $22,372 (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 21205

• Home prices YoY: -5.8%
• Rents YoY: 9.9%
• Active inventory: 143
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,530 high
• Mortgage (P&I): −$419
• Tax from tax record: −$137 /mo · $1,649/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $619

Break-even live

Break-even rent $746

Max offer price $79,900

Occupancy floor 55%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	4d	1	0.24mi
400 N Rose St #1 Baltimore, MD	1.0	1.0	588	$1,080	$1.84	44d	1	0.29mi
723 N Patterson Park Ave Baltimore, MD	1.0	1.0	350	$1,000	$2.86	44d	1	0.37mi
1323 N Kenwood Ave Unit 2 Baltimore, MD	1.0	1.0	600	$950	$1.58	44d	1	0.54mi
1401 N Potomac St Unit 1 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	18d	1	0.59mi
3344 E Baltimore St Unit 2 Baltimore, MD	1.0	1.0	545	$1,250	$2.29	44d	1	0.63mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.64mi
107 S Collington Ave Unit 2 REAR Baltimore, MD	1.0	1.0	600	$1,800	$3.00	4d	1	0.74mi
201 S Conkling St Baltimore, MD	1.0	1.0	740	$1,500	$2.03	2d	2	0.86mi
1901 E Lombard St Apt 3 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	15d	1	0.88mi
1901 E Lombard St Apt 2 Baltimore, MD	1.0	1.0	650	$1,650	$2.54	2d	1	0.88mi
1901 E Lombard St Baltimore, MD	1.0	1.0	660	$1,800	$2.73	22d	1	0.88mi
1901 E Lombard St Apt 4 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	22d	1	0.88mi
1901 E Lombard St Baltimore, MD	1.0	1.0	702	$1,750	$2.49	44d	1	0.88mi
1901 E Lombard St Baltimore, MD	1.0	1.0	650	$1,750	$2.69	24d	1	0.88mi
1901 E Lombard St Apt 3 Baltimore, MD	1.0	1.0	650	$1,750	$2.69	4d	1	0.88mi
1600 N Chester St Baltimore, MD	1.0	1.0	715	$636	$0.89	24d	1	0.89mi
305 S Collington Ave Baltimore, MD	3.0	2.5	722	$2,895	$4.01	17d	1	0.89mi
2309 Eastern Ave Unit B Baltimore, MD	1.0	1.0	550	$1,295	$2.35	44d	1	0.97mi
3235 Eastern Ave Unit 2FL Baltimore, MD	1.0	1.0	552	$1,795	$3.25	4d	1	0.97mi
400 S Conkling St Unit 3 Baltimore, MD	1.0	1.0	700	$1,700	$2.43	44d	1	0.97mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	1.04mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$2,350	$2.58	2d	20	1.10mi
1209 N Caroline St Unit 2 Baltimore, MD	1.0	1.0	600	$1,300	$2.17	4d	1	1.12mi
2000 E North Ave Baltimore, MD	1.0	1.0	639	$836	$1.31	4d	4	1.15mi
521 S Wolfe St Unit 1R Baltimore, MD	1.0	1.0	500	$1,350	$2.70	11d	1	1.15mi
3902 Erdman Ave Unit 2 Baltimore, MD	1.0	1.0	700	$1,175	$1.68	15d	1	1.22mi
1742 Fleet St Unit 302 Baltimore, MD	1.0	1.0	524	$1,600	$3.05	4d	1	1.22mi
520 Somerset St Baltimore, MD	1.0–2.0	1.0–2.0	634	$1,578	$2.49	44d	1	1.25mi
3727 Bonview Ave Baltimore, MD	1.0	1.0	540	$1,199	$2.22	24d	1	1.28mi
210 S Caroline St Baltimore, MD	1.0–2.0	1.0	808	$1,965	$2.43	44d	23	1.29mi
601 S Broadway Unit 305 Baltimore, MD	1.0	1.0	592	$1,600	$2.70	4d	1	1.29mi
601 S Broadway Unit 305 Baltimore, MD	1.0	1.0	592	$1,600	$2.70	44d	1	1.29mi
3018 O Donnell St Unit 2R Baltimore, MD	1.0	1.0	750	$1,700	$2.27	44d	1	1.29mi
420 Aisquith St Baltimore, MD	1.0	1.0	721	$1,226	$1.70	44d	1	1.31mi
622 S Broadway Baltimore, MD	2.0	1.0–2.0	953	$2,998	$3.14	2d	8	1.34mi
3610 Dillon St Baltimore, MD	1.0–2.0	1.0–2.0	828	$2,820	$3.41	44d	1	1.34mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,420	$1.39	44d	1	1.37mi
520 S Caroline St Unit 301 Baltimore, MD	1.0	1.0	625	$2,100	$3.36	4d	1	1.42mi
831 E Chase St Baltimore, MD	1.0	1.0	650	$850	$1.31	4d	1	1.49mi

Listing history 9 events

1. 2026-05-12
   status Pending 881-char remark
2. 2026-04-27
   listed $79,900 Active 881-char remark
3. 2004-08-06
   soldstatus $38,000 3-char remark

   Show marketing remark (3 chars)

   XXX

4. 2004-07-06
   historical 3-char remark

   Show marketing remark (3 chars)

   XXX

5. 2004-05-07
   listed $42,000 3-char remark

   Show marketing remark (3 chars)

   XXX

6. 1998-01-07
   soldstatus $20,000
7. 1997-12-08
   soldstatus $20,000
8. 1997-11-18
   historical
9. 1997-10-29
   listed $25,900

ⓘ 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: $1,649 · $137/mo
• Projected year-2 tax: $1,649 · $137/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 8/10 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: $18,357
• − Mortgage interest: −$4,476
• − Property taxes: −$1,649
• − Insurance: −$400
• − Repairs & maintenance: −$1,469
• − Management: −$1,469
• − Depreciation: −$2,324
• Taxable income: $6,572
• Est. tax owed @ 24.0%: −$1,577
• After-tax cash flow: $5,848/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): 13,013
• Household income: $43,176
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 966.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 60% Hispanic / Latino 16% White 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 1% Cuban 1% Dominican 4%
• Common ancestry: Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 79% English-only · Spanish 11% Arabic 4% Chinese 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: ▼ -15.03%
• Current HPI: 244.1345
• Rent YoY: ▲ 9.88%
• 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

+195.4% since first listed

11 events — show timeline

• 2026-06-01 Sold (Public Records) $76,500 Public Records
• 2026-05-29 Sold (MLS) $76,500 BRIGHT MLS
• 2026-05-12 Pending — BRIGHT MLS
• 2026-04-27 Listed $79,900 BRIGHT MLS
• 2004-08-06 Sold (MLS) $38,000 MRIS
• 2004-07-06 Delisted — MRIS
• 2004-05-07 Listed $42,000 MRIS
• 1998-01-07 Sold (Public Records) $20,000 Public Records
• 1997-12-08 Sold (MLS) $20,000 MRIS
• 1997-11-18 Delisted — MRIS
• 1997-10-29 Listed $25,900 MRIS

Property tax history

+0.4%/yr

Latest (2025): $1,649 · +15.5% YoY. Source: county tax records.