2730 Baker St · Baltimore, MD 21216

$160,000

3 bd · 1.5 ba · 1,040 sqft · Townhouse · 82 Days on market

Built 1920 1,144 sqft lot $154/sqft · 26% above area Est $127k · 26% over

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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 +22.4/30.0
• DSCR +7.2/10.0
• 1% rule +5.1/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special – Turnkey Tenant-Occupied Rental with Lease Through November 2026. Secure immediate cash flow with this well-laid-out 3-bedroom, 2-bath Baltimore rowhome at 2730 Baker St, offering a strong rental configuration with a functional three-level layout and excellent long-term hold potential. The main level features an oversized living room, full bath, and spacious eat-in kitchen, creating an appealing layout for tenant retention. Upstairs offers three bedrooms and an additional full bath, including a generously sized primary bedroom, while the full basement provides valuable storage and future utility options. The efficient floor plan maximizes rentable space and supports consistent tenant demand.

Key facts

• Valuable storage
• Built 1920
• Listed 82 days

Tags

• TURNKEY TENANT-OCCUPIED RENTAL
• STRONG RENTAL CONFIGURATION
• FUNCTIONAL THREE-LEVEL LAYOUT
• OVERSIZED LIVING ROOM
• SPACIOUS EAT-IN KITCHEN
• VALUABLE STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• 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 26d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $150,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.01% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.14%
• DSCR: 1.32
• GRM: 8.2

CMA / ARV

• ARV (median comp): $127,324
• List price: $160,000
• Delta: 25.66%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2727 Baker St	0.02mi	3/1.0	1,116 (+7%)	3mo	$125,000	$112	82
1635 N Warwick Ave N	0.27mi	3/1.5	1,064 (+2%)	5mo	$70,000	$66	80
2952 Presstman St	0.30mi	3/1.0	980 (-6%)	1mo	$60,000	$61	73
2210 Ashburton St	0.45mi	2/1.0 (-1)	1,024 (-2%)	2mo	$90,000	$88	67
1541 N Pulaski St	0.58mi	3/1.0	1,100 (+6%)	3mo	$115,000	$105	59
1705 N Payson St	0.66mi	3/1.5	1,100 (+6%)	5mo	$38,000	$35	56
907 N Rosedale St	0.69mi	3/1.0	1,088 (+5%)	4mo	$90,000	$83	55
910 N Dukeland St	0.54mi	2/1.0 (-1)	960 (-8%)	4mo	$31,000	$32	52
3224 Normount Ave	0.59mi	3/2.0	1,134 (+9%)	5mo	$87,450	$77	51
3224 Belmont Ave	0.57mi	3/1.5	1,178 (+13%)	1mo	$77,000	$65	50
1218 N Longwood St	0.44mi	4/2.0 (+1)	1,190 (+14%)	2mo	$56,000	$47	46
2507 Riggs Ave	0.47mi	2/1.0 (-1)	896 (-14%)	4mo	$45,100	$50	45

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: -4.2%
• Equity multiple: 0.84×
• Total profit: $-7,283
• Equity at exit: $23,857

10-year hold

• IRR: 8.7%
• Equity multiple: 1.75×
• Total profit: $33,753
• Equity at exit: $13,834

Cash invested: $44,800 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,620 high
• Mortgage (P&I): −$839
• Tax from tax record: −$108 /mo · $1,297/yr
• Insurance: −$67
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $211

Break-even live

Break-even rent $1,354

Max offer price $160,000

Occupancy floor 82%

Sensitivity live

Price	-10% $301	-5% $256	+0% $211	+5% $166	+10% $120
Rent	-10% $83	-5% $147	+0% $211	+5% $275	+10% $339
Rate	-1.0pp $291	-0.5pp $252	base $211	+0.5pp $169	+1.0pp $127

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	25d	1	0.13mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	6d	1	0.27mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	5d	1	0.30mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	46d	1	0.32mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	25d	1	0.32mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	45d	1	0.35mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	871	$1,450	$1.66	0d	1	0.35mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	900	$1,450	$1.61	25d	1	0.35mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	4d	3	0.36mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	5d	1	0.39mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	45d	1	0.43mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	25d	1	0.45mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	25d	1	0.46mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	12d	1	0.46mi
919 Claymont Ave Baltimore, MD	2.0	1.0	1006	$1,342	$1.33	0d	2	0.50mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	45d	1	0.54mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	45d	1	0.57mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	25d	1	0.57mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	45d	1	0.59mi
3017 Poplar Ter Baltimore, MD	2.0	1.0	880	$1,349	$1.53	25d	1	0.60mi
2204 Clifton Ave Baltimore, MD	3.0	1.0	1400	$1,450	$1.04	6d	1	0.61mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	45d	1	0.65mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	45d	1	0.68mi
1930 N Payson St Baltimore, MD	2.0	2.0	980	$1,500	$1.53	25d	1	0.71mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	25d	1	0.72mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	45d	1	0.73mi
1722 N Monroe St Baltimore, MD	3.0	1.5	1000	$1,350	$1.35	25d	1	0.75mi
2601 Fairview Ave Baltimore, MD	2.0	1.0	700	$1,099	$1.57	45d	1	0.79mi
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	25d	1	0.82mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	45d	1	0.83mi
1914 Mosher St Unit 1914 Baltimore, MD	4.0	2.5	1200	$1,700	$1.42	45d	1	0.85mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	25d	1	0.85mi
3407 Elgin Ave Unit 5 Baltimore, MD	2.0	1.0	800	$1,250	$1.56	45d	1	0.86mi
1433 N Fulton Ave Baltimore, MD	2.0	1.0	1200	$1,500	$1.25	45d	1	0.87mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	45d	1	0.87mi
3514 Clifton Ave Baltimore, MD	2.0	1.0	925	$1,199	$1.30	45d	1	0.91mi
3514 Clifton Ave Unit 21 Baltimore, MD	2.0	1.0	925	$1,150	$1.24	45d	1	0.91mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	0.92mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	45d	1	0.92mi
2738 N Longwood St Baltimore, MD	3.0	1.0	1024	$1,399	$1.37	45d	1	0.93mi

Listing history 29 events

1. 2026-06-21
   days on market $160,000 Active 82 DOM
2. 2026-06-18
   days on market $160,000 Active 79 DOM
3. 2026-06-17
   days on market $160,000 Active 78 DOM
4. 2026-06-16
   days on market $160,000 Active 77 DOM
5. 2026-06-15
   days on market $160,000 Active 76 DOM
6. 2026-06-13
   days on market $160,000 Active 74 DOM
7. 2026-06-09
   days on market $160,000 Active 70 DOM
8. 2026-06-08
   days on market $160,000 Active 69 DOM
9. 2026-06-07
   days on market $160,000 Active 68 DOM
10. 2026-06-04
    days on market $160,000 Active 65 DOM
11. 2026-06-03
    days on market $160,000 Active 64 DOM
12. 2026-06-02
    days on market $160,000 Active 63 DOM
13. 2026-06-01
    days on market $160,000 Active 62 DOM
14. 2026-05-31
    days on market $160,000 Active 61 DOM
15. 2026-03-31
    listed $170,000 Active 724-char remark

    Show marketing remark (724 chars)

    Investor Special – Turnkey Tenant-Occupied Rental with Lease Through November 2026. Secure immediate cash flow with this well-laid-out 3-bedroom, 2-bath Baltimore rowhome at 2730 Baker St, offering a strong rental configuration with a functional three-level layout and excellent long-term hold potential. The main level features an oversized living room, full bath, and spacious eat-in kitchen, creating an appealing layout for tenant retention. Upstairs offers three bedrooms and an additional full bath, including a generously sized primary bedroom, while the full basement provides valuable storage and future utility options. The efficient floor plan maximizes rentable space and supports consistent tenant demand.

16. 2023-11-21
    soldstatus $200,000
17. 2023-07-12
    soldstatus $50,000
18. 2022-09-04
    historical
19. 2022-08-30
    price $73,900
20. 2022-08-16
    price $79,900
21. 2022-08-16
    listed $84,900 Active
22. 2022-08-03
    soldstatus $40,000
23. 2010-02-12
    historical Withdrawn
24. 2010-02-12
    historical
25. 2010-02-09
    listed Active
26. 2010-02-08
    listed $13,000
27. 2004-05-17
    soldstatus $30,000
28. 2004-04-24
    historical
29. 2003-02-11
    listed $35,000

ⓘ 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: $1,297 · $108/mo
• Projected year-2 tax: $1,520 · $127/mo
• Expected delta: +$224/yr (+$19/mo · 17.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 79% 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: $19,446
• − Mortgage interest: −$8,962
• − Property taxes: −$1,297
• − Insurance: −$1,466
• − Repairs & maintenance: −$1,556
• − Management: −$1,556
• − Depreciation: −$4,655
• Taxable loss: −$46
• Est. tax savings @ 24.0%: +$11
• After-tax cash flow: $2,541/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

+385.7% since first listed

15 events — show timeline

• 2026-03-31 Listed $170,000 BRIGHT MLS
• 2023-11-21 Sold (Public Records) $200,000 Public Records
• 2023-07-12 Sold (Public Records) $50,000 Public Records
• 2022-09-04 Listing Removed — BRIGHT MLS
• 2022-08-30 Price Changed $73,900 BRIGHT MLS
• 2022-08-16 Price Changed $79,900 BRIGHT MLS
• 2022-08-16 Listed $84,900 BRIGHT MLS
• 2022-08-03 Sold (Public Records) $40,000 Public Records
• 2010-02-12 Delisted — MRIS
• 2010-02-12 Listing Removed — BRIGHT MLS
• 2010-02-09 Listed — MRIS
• 2010-02-08 Listed $13,000 BRIGHT MLS
• 2004-05-17 Sold (MLS) $30,000 MRIS
• 2004-04-24 Delisted — MRIS
• 2003-02-11 Listed $35,000 MRIS

Property tax history

+6.6%/yr

Latest (2025): $1,297 · +13.1% YoY. Source: county tax records.