751 Mckewin Ave · Baltimore, MD 21218

$74,600

2 bd · 1.5 ba · 1,340 sqft · Townhouse public records · 69 Days on market

Built 1927 1,274 sqft lot $56/sqft · 60% below area

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

Built in 1927, this attached townhome offers approximately 1340 finished square feet, two bedrooms and one full bath, unfinished basement, covered front porch and detached one car garage. This home sits on an approximate 1274 sqft lot.

Key facts

• Covered front porch
• Garage
• Built 1927

Tags

• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $75k.

Deal economics

• At list price, monthly cash flow is $743 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.2% 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 (+1.6%/yr); 330 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 34% of the median local income ($62k/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 $516 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 + 1.6% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $43k; list at $75k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price; built in 1927 — 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 $70,124 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 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 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 2.36% ✓
• Cap rate: 18.24%
• Cash-on-cash: 42.68%
• DSCR: 2.90
• GRM: 3.5

CMA / ARV

• ARV (median comp): $186,079
• List price: $74,600
• Delta: -59.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3633 Elkader Rd	0.11mi	2/1.5	1,304 (-3%)	1mo	$265,000	$203	89
646 E 37th St	0.12mi	3/2.0 (+1)	1,284 (-4%)	0mo	$94,000	$73	80
3626 Kimble Rd	0.19mi	3/1.0 (+1)	1,280 (-4%)	2mo	$310,000	$242	75
604 E 35th St E	0.20mi	3/1.0 (+1)	1,260 (-6%)	1mo	$94,000	$75	73
515 E 35th St	0.24mi	3/1.5 (+1)	1,260 (-6%)	1mo	$135,999	$108	73
608 Chestnut Hill Ave	0.16mi	2/1.0	1,156 (-14%)	1mo	$73,000	$63	67
827 Belgian Ave	0.54mi	3/2.0 (+1)	1,260 (-6%)	2mo	$130,000	$103	57
1120 Montpelier St	0.57mi	3/2.0 (+1)	1,260 (-6%)	2mo	$70,000	$56	54
3405 Greenway #302	0.67mi	2/1.5	1,221 (-9%)	1mo	$265,000	$217	53
3045 Guilford Ave	0.65mi	3/1.5 (+1)	1,532 (+14%)	0mo	$310,000	$202	40
3043 Guilford Ave	0.65mi	3/1.5 (+1)	1,532 (+14%)	1mo	$275,000	$180	40
435 Ilchester Ave	0.74mi	3/2.0 (+1)	1,531 (+14%)	2mo	$123,000	$80	33

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: 37.8%
• Equity multiple: 2.58×
• Total profit: $32,938
• Equity at exit: $11,123

10-year hold

• IRR: 43.6%
• Equity multiple: 4.85×
• Total profit: $80,489
• Equity at exit: $6,450

Cash invested: $20,888 (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: 3.5×

Monthly cashflow live

• Estimated rent: $1,759 high
• Mortgage (P&I): −$391
• Tax from tax record: −$225 /mo · $2,694/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $743

Break-even live

Break-even rent $819

Max offer price $74,600

Occupancy floor 53%

Sensitivity live

Price	-10% $785	-5% $764	+0% $743	+5% $722	+10% $701
Rent	-10% $604	-5% $673	+0% $743	+5% $812	+10% $882
Rate	-1.0pp $780	-0.5pp $762	base $743	+0.5pp $724	+1.0pp $704

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: $18,650
• Closing costs: $2,238
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
721 E 36th St Unit Na Baltimore, MD	2.0	1.0	1156	$1,650	$1.43	45d	1	0.08mi
612 Chestnut Hill Ave Unit 1 Baltimore, MD	2.0	1.0	900	$1,999	$2.22	45d	1	0.12mi
3721 Ellerslie Ave Baltimore, MD	1.0–3.0	1.0–2.0	894	$1,382	$1.54	3d	1	0.14mi
724 E 35th St Baltimore, MD	3.0	1.5	1368	$2,000	$1.46	16d	1	0.15mi
3529 Greenmount Ave Baltimore, MD	3.0	2.0	1316	$1,575	$1.20	45d	1	0.25mi
1040 E 33rd St Baltimore, MD	1.0–2.0	1.0–2.0	775	$1,525	$1.97	4d	10	0.29mi
404 Venable Ave Baltimore, MD	1.0	1.0	1600	$950	$0.59	19d	1	0.39mi
4033 Greenmount Ave Baltimore, MD	2.0	2.5	1860	$2,550	$1.37	25d	1	0.47mi
616 Montpelier St Baltimore, MD	3.0	1.0	1150	$1,750	$1.52	12d	1	0.48mi
3026 Mathews St Baltimore, MD	2.0	1.0	996	$1,350	$1.36	16d	1	0.55mi
3601 Greenway Unit P1039 Baltimore, MD	1.0	1.0	1165	$1,495	$1.28	45d	1	0.56mi
3601 Greenway #101 Baltimore, MD	2.0	2.0	1470	$2,700	$1.84	5d	1	0.56mi
3221 Guilford Ave Apt A Baltimore, MD	3.0	1.5	1025	$2,925	$2.85	19d	1	0.57mi
1504 Upshire Rd Unit 1E Baltimore, MD	2.0	1.0	1000	$1,400	$1.40	45d	1	0.57mi
936 Montpelier St Baltimore, MD	2.0	1.0	1260	$1,450	$1.15	25d	1	0.57mi
3012 Mathews St Baltimore, MD	2.0	1.0	996	$1,100	$1.10	19d	1	0.57mi
720 Springfield Ave Baltimore, MD	3.0	1.0	1160	$2,000	$1.72	45d	1	0.59mi
815 Gilrubin Ct Baltimore, MD	2.0	1.0	900	$1,695	$1.88	45d	1	0.59mi
812 Nat Ct Apt 12 Baltimore, MD	2.0	1.0	900	$1,295	$1.44	45d	1	0.60mi
4303 York Rd #3 Baltimore, MD	2.0	1.0	1680	$1,400	$0.83	45d	1	0.61mi
3501 Saint Paul St Baltimore, MD	3.0	1.0–2.5	916	$2,142	$2.34	3d	172	0.61mi
1508 Kennewick Rd Baltimore, MD	1.0	1.0	1660	$1,100	$0.66	45d	1	0.61mi
1502 Fernley Rd Baltimore, MD	3.0	2.0	1350	$2,800	$2.07	45d	1	0.62mi
1 E University Pkwy Baltimore, MD	1.0–3.0	1.0–2.0	1045	$2,100	$2.01	5d	2	0.64mi
3135 N Calvert St Baltimore, MD	1.0	1.0	1000	$1,450	$1.45	19d	1	0.66mi
3213 The Alameda Baltimore, MD	2.0	1.0	1708	$1,295	$0.76	5d	1	0.68mi
3201 Saint Paul St Baltimore, MD	1.0–2.0	1.5–2.0	1532	$3,200	$2.09	4d	1	0.68mi
436 Ilchester Ave Unit 2 Baltimore, MD	1.0	1.0	985	$1,195	$1.21	45d	1	0.74mi
436 Ilchester Ave Unit 1 Baltimore, MD	2.0	2.0	1002	$1,350	$1.35	45d	1	0.74mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	45d	1	0.76mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	21d	1	0.76mi
205 E 30th St Baltimore, MD	1.0	1.0	900	$1,450	$1.61	12d	1	0.77mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	5d	1	0.78mi
402 E 28th St Baltimore, MD	3.0	1.0	1436	$2,200	$1.53	45d	1	0.80mi
3811 Canterbury Rd Baltimore, MD	2.0	1.0–2.0	975	$2,495	$2.56	14d	5	0.81mi
1702 E 32nd St Baltimore, MD	3.0	2.0	1344	$2,300	$1.71	45d	1	0.82mi
1539 Ralworth Rd Baltimore, MD	3.0	2.0	1580	$1,950	$1.23	16d	1	0.83mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1800	$1,995	$1.11	45d	1	0.84mi
835 E Cold Spring Ln Baltimore, MD	2.0	1.5	997	$1,400	$1.40	25d	1	0.85mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	45d	1	0.86mi

Listing history 19 events

1. 2026-06-21
   days on market $74,600 Active 69 DOM
2. 2026-06-18
   days on market $74,600 Active 66 DOM
3. 2026-06-17
   days on market $74,600 Active 65 DOM
4. 2026-06-16
   pricedays on market $74,600 Active 64 DOM
5. 2026-06-15
   days on market $82,800 Active 63 DOM
6. 2026-06-13
   days on market $82,800 Active 61 DOM
7. 2026-06-09
   days on market $82,800 Active 57 DOM
8. 2026-06-08
   days on market $82,800 Active 56 DOM
9. 2026-06-07
   days on market $82,800 Active 55 DOM
10. 2026-06-04
    days on market $82,800 Active 52 DOM
11. 2026-06-03
    days on market $82,800 Active 51 DOM
12. 2026-06-02
    days on market $82,800 Active 50 DOM
13. 2026-06-01
    days on market $82,800 Active 49 DOM
14. 2026-05-31
    days on market $82,800 Active 48 DOM
15. 2026-05-13
    price $95,500 235-char remark

    Show marketing remark (235 chars)

    Built in 1927, this attached townhome offers approximately 1340 finished square feet, two bedrooms and one full bath, unfinished basement, covered front porch and detached one car garage. This home sits on an approximate 1274 sqft lot.

16. 2026-04-28
    price $121,600 235-char remark

    Show marketing remark (235 chars)

    Built in 1927, this attached townhome offers approximately 1340 finished square feet, two bedrooms and one full bath, unfinished basement, covered front porch and detached one car garage. This home sits on an approximate 1274 sqft lot.

17. 2026-04-13
    listed $146,300 Active 235-char remark

    Show marketing remark (235 chars)

    Built in 1927, this attached townhome offers approximately 1340 finished square feet, two bedrooms and one full bath, unfinished basement, covered front porch and detached one car garage. This home sits on an approximate 1274 sqft lot.

18. 2002-08-15
    soldstatus $43,000
19. 1980-10-07
    soldstatus $20,000

ⓘ 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: $2,694 · $225/mo
• Projected year-2 tax: $2,694 · $225/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: $21,108
• − Mortgage interest: −$4,179
• − Property taxes: −$2,694
• − Insurance: −$373
• − Repairs & maintenance: −$1,689
• − Management: −$1,689
• − Depreciation: −$2,170
• Taxable income: $8,315
• Est. tax owed @ 24.0%: −$1,996
• After-tax cash flow: $6,918/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

+377.5% since first listed

5 events — show timeline

• 2026-05-13 Price Changed $95,500 BRIGHT MLS
• 2026-04-28 Price Changed $121,600 BRIGHT MLS
• 2026-04-13 Listed $146,300 BRIGHT MLS
• 2002-08-15 Sold (Public Records) $43,000 Public Records
• 1980-10-07 Sold (Public Records) $20,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,694 · +4.9% YoY. Source: county tax records.