1701 Moreland Ave · Baltimore, MD 21216

$150,000

6 bd · 2.0 ba · — sqft · SingleFamily · 30 Days on market

Built 1920

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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
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• 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

This is a legal two-family property. It has a total of 6 bedroom and 3 baths. There is also a two-car garage. This corner property is vacant and is in need of work (TLC).

Key facts

• 2 garage spots
• Built 1920
• Listed 29 days

Property features AI

Exterior

• Parking: Garage (2 spaces)
• Utilities: Public sewer; Electricity connected; Natural gas connected
• Home design: Duplex
• Construction: Aluminum siding and brick exterior
• Exterior features: Non-waterfront lot

Interior

• Bedrooms: Two 3-bedroom units
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas heating; Other heating; No cooling
• Interior features: Finished full basement; Other interior features

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $814 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.8% 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; 10 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; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,172/mo this rent would consume 62% 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 $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.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 26y 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 $45k; list at $150k implies a 233% gain — meaningful room to come down on a strong offer.

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 $147,750 (1.5% below list)

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. 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: 1.45% ✓
• Cap rate: 12.80%
• Cash-on-cash: 23.24%
• DSCR: 2.03
• GRM: 5.8

CMA / ARV

No comps found within radius.

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2815 Walbrook Ave	0.53mi	6/2.0	—	13mo	$129,500	—	52
2200 N Longwood St	0.75mi	6/4.0	2,250	5mo	$315,000	$140	40
1411 Bloomingdale Rd	0.62mi	5/1.0 (-1)	1,556	12mo	$32,500	$21	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: 19.5%
• Equity multiple: 1.82×
• Total profit: $34,442
• Equity at exit: $22,365

10-year hold

• IRR: 29.7%
• Equity multiple: 4.03×
• Total profit: $127,051
• 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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,172 high
• Mortgage (P&I): −$787
• Tax from tax record: −$53 /mo · $634/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $814

Break-even live

Break-even rent $1,142

Max offer price $150,000

Occupancy floor 58%

Sensitivity live

Price	-10% $898	-5% $856	+0% $814	+5% $771	+10% $729
Rent	-10% $642	-5% $728	+0% $814	+5% $899	+10% $985
Rate	-1.0pp $889	-0.5pp $852	base $814	+0.5pp $775	+1.0pp $735

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 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2401 W North Ave Baltimore, MD	5.0	2.0	2037	$1,800	$0.88	5d	1	0.09mi
2216 Whittier Ave Baltimore, MD	5.0	1.5	1392	$1,975	$1.42	25d	1	0.70mi
1108 N Fulton Ave Baltimore, MD	5.0	5.0	—	$800	—	25d	1	0.70mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	44d	1	1.04mi
2510 Roslyn Ave Baltimore, MD	6.0	5.0	2663	$4,200	$1.58	44d	1	1.36mi
1623 W Lexington St Baltimore, MD	5.0	2.5	—	$2,600	—	25d	1	1.38mi
426 Mosher St Baltimore, MD	6.0	3.0	—	$3,495	—	5d	1	1.40mi
727 Reservoir St Baltimore, MD	6.0	3.0	3428	$3,000	$0.88	19d	1	1.47mi
1412 Madison Ave Baltimore, MD	5.0	2.5	—	$2,800	—	23d	1	1.49mi
3614 Reisterstown Rd Baltimore, MD	5.0	3.0	—	$2,650	—	4d	1	1.49mi

Listing history 18 events

1. 2026-06-21
   days on market $150,000 Active 30 DOM
2. 2026-06-18
   days on market $150,000 Active 27 DOM
3. 2026-06-17
   days on market $150,000 Active 26 DOM
4. 2026-06-16
   days on market $150,000 Active 25 DOM
5. 2026-06-15
   days on market $150,000 Active 24 DOM
6. 2026-06-13
   days on market $150,000 Active 22 DOM
7. 2026-06-09
   days on market $150,000 Active 18 DOM
8. 2026-06-08
   days on market $150,000 Active 17 DOM
9. 2026-06-07
   days on market $150,000 Active 16 DOM
10. 2026-06-04
    days on market $150,000 Active 13 DOM
11. 2026-06-03
    days on market $150,000 Active 12 DOM
12. 2026-06-02
    days on market $150,000 Active 11 DOM
13. 2026-06-01
    days on market $150,000 Active 10 DOM
14. 2026-05-31
    days on market $150,000 Active 9 DOM
15. 2026-05-15
    listed $150,000 Active
16. 2000-07-31
    soldstatus $45,000
17. 2000-06-03
    historical
18. 2000-04-11
    listed $45,000

ⓘ 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: $634 · $53/mo
• Projected year-2 tax: $1,135 · $95/mo
• Expected delta: +$500/yr (+$42/mo · 78.9%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,058
• − Mortgage interest: −$8,402
• − Property taxes: −$634
• − Insurance: −$750
• − Repairs & maintenance: −$2,085
• − Management: −$2,085
• − Depreciation: −$4,364
• Taxable income: $7,739
• Est. tax owed @ 24.0%: −$1,857
• After-tax cash flow: $7,905/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

+233.3% since first listed

4 events — show timeline

• 2026-05-15 Listed $150,000 OneKey® MLS as Distributed by MLS Grid
• 2000-07-31 Sold (MLS) $45,000 MRIS
• 2000-06-03 Delisted — MRIS
• 2000-04-11 Listed $45,000 MRIS

Property tax history

-0.8%/yr

Latest (2025): $634 · +5.2% YoY. Source: county tax records.