3006 Mathews St · Baltimore, MD 21218

$150,000

2 bd · 1.0 ba · 996 sqft · Townhouse public records · 114 Days on market

Built 1923 $151/sqft · at area comps Est $145k · at est.

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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 +16.5/30.0
• ARV discount +6.1/15.0
• DSCR +5.1/10.0
• 1% rule +4.4/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully Renovated 2-Bedroom Home Quiet Block! This stunningly renovated 2-bedroom house is located on a peaceful, homeowner-occupied block. The home features central air, brand-new laminate flooring, new carpeting, and a modern set of appliances all included! Enjoy the privacy of a beautifully gated backyard, perfect for relaxing or entertaining

Key facts

• Laminate flooring
• Renovated home
• Gated backyard

Tags

• RENOVATED HOME
• GATED BACKYARD
• CENTRAL AIR
• LAMINATE FLOORING
• MODERN APPLIANCES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (6.4% below list).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.

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 (+1.6%/yr); 330 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); 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 $1k of loan paydown is wiped out by about $4k 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 114 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y 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 $95k; list at $150k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $136,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — 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 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?
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. 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?
8. 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.
9. 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.
10. 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: 0.94% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.50%
• DSCR: 1.11
• GRM: 8.9

CMA / ARV

• ARV (median comp): $145,493
• List price: $150,000
• Delta: 3.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
616 E 30th St	0.03mi	2/1.0	1,092 (+10%)	2mo	$65,000	$60	81
3045 Frisby St	0.07mi	3/1.5 (+1)	1,056 (+6%)	3mo	$162,000	$153	77
704 E 36th St	0.53mi	2/1.5	976 (-2%)	3mo	$60,000	$61	67
616 Montpelier St	0.11mi	3/1.0 (+1)	1,120 (+12%)	2mo	$145,000	$129	67
3132 Ellerslie Ave	0.15mi	3/1.0 (+1)	870 (-13%)	0mo	$170,000	$195	66
2956 Greenmount Ave	0.13mi	3/2.0 (+1)	1,130 (+14%)	1mo	$209,395	$185	62
738 E 37th St	0.62mi	3/1.5 (+1)	986 (-1%)	3mo	$215,000	$218	60
3601 Greenway #507	0.63mi	1/1.0 (-1)	926 (-7%)	0mo	$117,500	$127	54
1 E University Pkwy E #1303	0.69mi	2/1.0	916 (-8%)	3mo	$120,500	$132	52
728 Bartlett Ave	0.61mi	3/1.0 (+1)	1,100 (+10%)	2mo	$40,000	$36	48
1 E University Pkwy #410	0.69mi	1/1.0 (-1)	891 (-10%)	5mo	$105,000	$118	41
712 Chestnut Hill Ave	0.67mi	3/1.5 (+1)	1,120 (+12%)	2mo	$151,580	$135	39

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.51×
• Total profit: $-20,630
• Equity at exit: $22,365

10-year hold

• IRR: -7.3%
• Equity multiple: 0.56×
• Total profit: $-18,360
• Equity at exit: $12,969

Cash invested: $42,000 (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 21218

• Rents YoY: 1.6%
• Active inventory: 330
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,404 high
• Mortgage (P&I): −$787
• Tax from tax record: −$172 /mo · $2,069/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $88

Break-even live

Break-even rent $1,293

Max offer price $150,000

Occupancy floor 89%

Sensitivity live

Price	-10% $172	-5% $130	+0% $88	+5% $45	+10% $3
Rent	-10% $-23	-5% $32	+0% $88	+5% $143	+10% $198
Rate	-1.0pp $163	-0.5pp $126	base $88	+0.5pp $49	+1.0pp $9

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3026 Mathews St Baltimore, MD	2.0	1.0	996	$1,350	$1.36	16d	1	0.01mi
3012 Mathews St Baltimore, MD	2.0	1.0	996	$1,100	$1.10	19d	1	0.01mi
615 Homestead St Unit 1B Baltimore, MD	1.0	1.0	700	$1,225	$1.75	44d	1	0.12mi
2821 Mathews St Unit 1-878 Baltimore, MD	1.0	1.0	530	$975	$1.84	25d	1	0.17mi
2821 Mathews St Unit 27-668 Baltimore, MD	2.0	1.0	730	$1,050	$1.44	25d	1	0.17mi
2821 Mathews St Unit 1-729 Baltimore, MD	1.0	1.0	530	$975	$1.84	5d	1	0.17mi
2821 Mathews St Unit 27-666 Baltimore, MD	1.0	1.0	730	$1,050	$1.44	25d	1	0.17mi
436 Ilchester Ave Unit 2 Baltimore, MD	1.0	1.0	985	$1,195	$1.21	44d	1	0.22mi
436 Ilchester Ave Unit 1 Baltimore, MD	2.0	2.0	1002	$1,350	$1.35	44d	1	0.22mi
3126 Guilford Ave Apt A Baltimore, MD	2.0	1.0	700	$1,770	$2.53	4d	1	0.38mi
3130 Guilford Ave Apt B Baltimore, MD	2.0	1.0	700	$1,790	$2.56	19d	1	0.38mi
3221 Guilford Ave Apt A Baltimore, MD	3.0	1.5	1025	$2,925	$2.85	19d	1	0.38mi
205 E 30th St Baltimore, MD	1.0	1.0	900	$1,450	$1.61	12d	1	0.39mi
3135 N Calvert St Baltimore, MD	1.0	1.0	1000	$1,450	$1.45	19d	1	0.42mi
2535 Greenmount Ave Unit 2 Baltimore, MD	2.0	1.0	800	$1,195	$1.49	44d	1	0.43mi
2516 Barclay St Baltimore, MD	3.0	1.0	992	$1,375	$1.39	17d	1	0.48mi
2938 Saint Paul St Baltimore, MD	1.0	1.0	610	$1,250	$2.05	25d	1	0.49mi
2938 Saint Paul St Baltimore, MD	1.0	1.0	750	$1,350	$1.80	44d	1	0.49mi
1040 E 33rd St Baltimore, MD	1.0–2.0	1.0–2.0	775	$1,525	$1.97	3d	10	0.51mi
2637 Saint Paul St Unit 1A Baltimore, MD	2.0	1.0	850	$1,450	$1.71	5d	1	0.54mi
2933 N Charles St Unit B Baltimore, MD	1.0	1.0	990	$1,700	$1.72	5d	1	0.54mi
2449 Barclay St Unit 3 Baltimore, MD	1.0	1.0	650	$1,175	$1.81	44d	1	0.57mi
3501 Saint Paul St Baltimore, MD	3.0	1.0–2.5	916	$2,142	$2.34	2d	172	0.57mi
2503 N Calvert St Unit 1 Baltimore, MD	1.0	1.0	750	$900	$1.20	25d	1	0.58mi
600 E 37th St Apt 2 Baltimore, MD	1.0	1.0	800	$1,350	$1.69	44d	1	0.61mi
600 E 37th St Apt 1 Baltimore, MD	1.0	1.0	720	$1,360	$1.89	17d	1	0.61mi
2400 Barclay St Unit A Baltimore, MD	1.0	1.0	750	$1,190	$1.59	21d	1	0.62mi
612 Chestnut Hill Ave Unit 1 Baltimore, MD	2.0	1.0	900	$1,999	$2.22	44d	1	0.64mi
18 W 27th St Baltimore, MD	1.0	1.0	680	$1,250	$1.84	44d	3	0.67mi
2752 Maryland Ave Unit 2ND FLOOR Baltimore, MD	2.0	1.0	900	$1,500	$1.67	19d	1	0.68mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	25d	1	0.69mi
1 E University Pkwy Baltimore, MD	1.0–3.0	1.0–2.0	1045	$2,100	$2.01	5d	2	0.69mi
2440 Saint Paul St Apt 3G Baltimore, MD	1.0	1.0	540	$1,190	$2.20	44d	1	0.69mi
2440 Saint Paul St Unit 4E Baltimore, MD	2.0	2.0	891	$1,625	$1.82	44d	1	0.69mi
2440 Saint Paul St Unit 2B Baltimore, MD	1.0	1.0	555	$1,249	$2.25	5d	1	0.69mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.69mi
3721 Ellerslie Ave Baltimore, MD	1.0–3.0	1.0–2.0	894	$1,382	$1.54	3d	1	0.70mi
2314 Hunter St Unit 1 Baltimore, MD	1.0	1.0	1000	$1,185	$1.19	44d	1	0.71mi
2315 St Paul St Baltimore, MD	1.0–2.0	1.0	579	$1,595	$2.75	2d	5	0.75mi
2300 N Calvert St Baltimore, MD	1.0–2.0	1.0–2.0	1100	$1,995	$1.81	3d	2	0.76mi

Listing history 18 events

1. 2026-06-09
   days on market $150,000 Active 114 DOM
2. 2026-06-08
   days on market $150,000 Active 113 DOM
3. 2026-06-07
   days on market $150,000 Active 112 DOM
4. 2026-06-04
   days on market $150,000 Active 109 DOM
5. 2026-06-03
   days on market $150,000 Active 108 DOM
6. 2026-06-02
   days on market $150,000 Active 107 DOM
7. 2026-06-01
   days on market $150,000 Active 106 DOM
8. 2026-05-31
   days on market $150,000 Active 105 DOM
9. 2026-02-15
   listed $150,000 Active 351-char remark

   Show marketing remark (351 chars)

   Beautifully Renovated 2-Bedroom Home Quiet Block! This stunningly renovated 2-bedroom house is located on a peaceful, homeowner-occupied block. The home features central air, brand-new laminate flooring, new carpeting, and a modern set of appliances all included! Enjoy the privacy of a beautifully gated backyard, perfect for relaxing or entertaining

10. 2022-08-22
    soldstatus $95,000
11. 2022-07-07
    soldstatus $95,000 Closed 97-char remark

    Show marketing remark (97 chars)

    Are you an investor looking to build your portfolio? This home is a great investment opportunity.

12. 2022-05-23
    status Pending 97-char remark

    Show marketing remark (97 chars)

    Are you an investor looking to build your portfolio? This home is a great investment opportunity.

13. 2022-04-06
    listed $99,999 Active 97-char remark

    Show marketing remark (97 chars)

    Are you an investor looking to build your portfolio? This home is a great investment opportunity.

14. 2020-03-31
    soldstatus $110,363
15. 2004-07-08
    soldstatus $48,000
16. 2004-06-23
    historical
17. 2004-04-27
    listed $48,500
18. 1993-06-14
    soldstatus $35,500

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

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $2,069 · $172/mo
• Projected year-2 tax: $2,069 · $172/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: $16,847
• − Mortgage interest: −$8,402
• − Property taxes: −$2,069
• − Insurance: −$750
• − Repairs & maintenance: −$1,348
• − Management: −$1,348
• − Depreciation: −$4,364
• Taxable loss: −$1,434
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $1,394/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): 44,014
• Household income: $62,488
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 2564.0

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 0.58)
• Race & ethnicity: Black 60% White 26% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 87% English-only · Spanish 4% French/Haitian/Cajun 2% Chinese 2%

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: ▼ -463.14%
• Current HPI: 292.3986
• Rent YoY: ▲ 1.63%
• 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

+322.5% since first listed

10 events — show timeline

• 2026-02-15 Listed $150,000 BRIGHT MLS
• 2022-08-22 Sold (Public Records) $95,000 Public Records
• 2022-07-07 Sold (MLS) $95,000 BRIGHT MLS
• 2022-05-23 Pending — BRIGHT MLS
• 2022-04-06 Listed $99,999 BRIGHT MLS
• 2020-03-31 Sold (Public Records) $110,363 Public Records
• 2004-07-08 Sold (MLS) $48,000 MRIS
• 2004-06-23 Delisted — MRIS
• 2004-04-27 Listed $48,500 MRIS
• 1993-06-14 Sold (Public Records) $35,500 Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,069 · +0.0% YoY. Source: county tax records.