2704 Greenmount Ave · Baltimore, MD 21218

$139,900

4 bd · 1.0 ba · 1,352 sqft · Townhouse public records · 83 Days on market

Built 1900 1,162 sqft lot $103/sqft · 9% below area Est $154k · 9% under

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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
• ARV discount +11.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

4 bed room and 1.5 Baths row house on Greenmount Ave. Newer laminate floorings throughout the house. Newer kitchen with new range. Newer gas furance. fensed flat back yard. Close to JHU and Harwood Park.

Key facts

• Gas furnace
• New kitchen
• Close to jhu

Tags

• LAMINATE FLOORINGS
• NEW KITCHEN
• GAS FURNACE
• FENCED FLAT BACK YARD
• CLOSE TO JHU
• CLOSE TO HARWOOD PARK

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $702 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.3% 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: 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); 325 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 41% 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 $967 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 + 1.6% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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 $47k; list at $140k implies a 198% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $131,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 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 1900 — 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. 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.
8. 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.
9. 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: 1.51% ✓
• Cap rate: 12.31%
• Cash-on-cash: 21.50%
• DSCR: 1.96
• GRM: 5.5

CMA / ARV

• ARV (median comp): $153,699
• List price: $139,900
• Delta: -8.98%
• 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
2540 Greenmount Ave	0.14mi	3/1.0 (-1)	1,340 (-1%)	0mo	$79,000	$59	87
312 E 28th St E	0.16mi	3/1.5 (-1)	1,244 (-8%)	2mo	$175,000	$141	70
326 E 26th St	0.14mi	3/2.0 (-1)	1,496 (+11%)	2mo	$170,000	$114	65
435 Ilchester Ave	0.11mi	3/2.0 (-1)	1,531 (+13%)	2mo	$123,000	$80	62
609 Melville Ave	0.73mi	4/2.0	1,364 (+1%)	1mo	$120,000	$88	60
1120 Montpelier St	0.44mi	3/2.0 (-1)	1,260 (-7%)	2mo	$70,000	$56	58
2545 Cecil Ave	0.57mi	3/2.5 (-1)	1,318 (-2%)	1mo	$215,000	$163	57
3045 Guilford Ave	0.36mi	3/1.5 (-1)	1,532 (+13%)	0mo	$310,000	$202	54
3043 Guilford Ave	0.36mi	3/1.5 (-1)	1,532 (+13%)	0mo	$275,000	$180	54
604 E 35th St E	0.69mi	3/1.0 (-1)	1,260 (-7%)	1mo	$94,000	$75	50
515 E 35th St	0.67mi	3/1.5 (-1)	1,260 (-7%)	1mo	$135,999	$108	50
2559 Garrett Ave	0.65mi	3/3.0 (-1)	1,202 (-11%)	2mo	$205,000	$171	37

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: 12.5%
• Equity multiple: 1.49×
• Total profit: $19,177
• Equity at exit: $20,860

10-year hold

• IRR: 20.3%
• Equity multiple: 2.61×
• Total profit: $62,892
• Equity at exit: $12,096

Cash invested: $39,172 (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: 325
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,118 high
• Mortgage (P&I): −$734
• Tax from tax record: −$179 /mo · $2,151/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $702

Break-even live

Break-even rent $1,229

Max offer price $139,900

Occupancy floor 62%

Sensitivity live

Price	-10% $781	-5% $741	+0% $702	+5% $662	+10% $623
Rent	-10% $534	-5% $618	+0% $702	+5% $785	+10% $869
Rate	-1.0pp $772	-0.5pp $737	base $702	+0.5pp $665	+1.0pp $629

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
428 E Lorraine Ave Unit 1 Baltimore, MD	3.0	1.5	1344	$1,875	$1.40	44d	1	0.06mi
428 E Lorraine Ave Baltimore, MD	3.0	2.0	1344	$1,875	$1.40	24d	1	0.06mi
450 E Lorraine Ave Baltimore, MD	3.0	1.0	1344	$1,695	$1.26	44d	1	0.06mi
400 E Lorraine Ave Baltimore, MD	3.0	1.0	1500	$1,800	$1.20	20d	1	0.08mi
411 E Lorraine Ave Baltimore, MD	3.0	1.5	1344	$2,200	$1.64	24d	1	0.08mi
420 E 28th St Unit 1 Baltimore, MD	5.0	2.5	1600	$2,600	$1.62	5d	1	0.10mi
402 E 28th St Baltimore, MD	3.0	1.0	1436	$2,200	$1.53	44d	1	0.11mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	5d	1	0.12mi
2516 Barclay St Baltimore, MD	3.0	1.0	992	$1,375	$1.39	16d	1	0.16mi
534 E 23rd St Baltimore, MD	3.0	2.5	1700	$2,350	$1.38	44d	1	0.38mi
616 Montpelier St Baltimore, MD	3.0	1.0	1150	$1,750	$1.52	11d	1	0.39mi
3221 Guilford Ave Apt A Baltimore, MD	3.0	1.5	1025	$2,925	$2.85	18d	1	0.50mi
7 W 24th St Unit 1 Baltimore, MD	5.0	2.5	1443	$2,395	$1.66	20d	1	0.52mi
2641 N Howard St Baltimore, MD	4.0	3.5	1344	$2,800	$2.08	24d	1	0.52mi
348 E University Pkwy Baltimore, MD	4.0	2.0	1809	$2,400	$1.33	44d	1	0.55mi
3222 Ellerslie Ave Baltimore, MD	4.0	1.5	1550	$1,950	$1.26	44d	1	0.57mi
325 W Lorraine Ave Baltimore, MD	3.0	1.0	1470	$3,150	$2.14	5d	1	0.60mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	5d	1	0.65mi
3501 Saint Paul St Baltimore, MD	3.0	1.0–2.5	916	$2,700	$2.95	2d	172	0.68mi
315 W 30th St Baltimore, MD	3.0	3.0	1250	$2,450	$1.96	16d	1	0.72mi
315 W 30th St Baltimore, MD	3.0	3.0	1200	$2,450	$2.04	18d	1	0.72mi
724 E 35th St Baltimore, MD	3.0	1.5	1368	$2,000	$1.46	15d	1	0.72mi
3529 Greenmount Ave Baltimore, MD	3.0	2.0	1316	$1,575	$1.20	44d	1	0.73mi
305 W 31st St Baltimore, MD	4.0	2.0	1500	$2,499	$1.67	44d	1	0.77mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1800	$1,995	$1.11	44d	1	0.79mi
1 E University Pkwy Baltimore, MD	1.0–3.0	1.0–2.0	1045	$2,500	$2.39	5d	2	0.80mi
412 E Lanvale St Baltimore, MD	3.0	2.0	1600	$3,100	$1.94	5d	1	0.82mi
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	24d	1	0.84mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.87mi
1607 Cliftview Ave Baltimore, MD	3.0	1.0	1200	$1,475	$1.23	44d	1	0.87mi
210 Federal St Baltimore, MD	3.0	1.0	900	$1,350	$1.50	20d	1	0.93mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	16d	1	0.95mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	3d	1	0.95mi
1512 E Lafayette Ave Baltimore, MD	3.0	2.5	1476	$1,950	$1.32	44d	1	0.97mi
1514 E Lafayette Ave Baltimore, MD	3.0	1.5	1215	$2,000	$1.65	24d	1	0.98mi
3721 Ellerslie Ave Baltimore, MD	1.0–3.0	1.0–2.0	894	$1,603	$1.79	2d	1	1.00mi
1702 E 32nd St Baltimore, MD	3.0	2.0	1344	$2,300	$1.71	44d	1	1.06mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	1.07mi
103 E Mt Royal Ave Baltimore, MD	1.0–3.0	1.0–2.0	850	$2,624	$3.09	2d	17	1.10mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	1.10mi

Listing history 26 events

1. 2026-06-18
   days on market $139,900 Active 83 DOM
2. 2026-06-17
   days on market $139,900 Active 82 DOM
3. 2026-06-16
   days on market $139,900 Active 81 DOM
4. 2026-06-15
   days on market $139,900 Active 80 DOM
5. 2026-06-13
   days on market $139,900 Active 78 DOM
6. 2026-06-09
   days on market $139,900 Active 74 DOM
7. 2026-06-08
   days on market $139,900 Active 73 DOM
8. 2026-06-07
   days on market $139,900 Active 72 DOM
9. 2026-06-04
   days on market $139,900 Active 69 DOM
10. 2026-06-03
    days on market $139,900 Active 68 DOM
11. 2026-06-02
    days on market $139,900 Active 67 DOM
12. 2026-06-01
    days on market $139,900 Active 66 DOM
13. 2026-05-31
    days on market $139,900 Active 65 DOM
14. 2026-03-27
    listed $139,900 Active 207-char remark

    Show marketing remark (207 chars)

    4 bed room and 1.5 Baths row house on Greenmount Ave. Newer laminate floorings throughout the house. Newer kitchen with new range. Newer gas furance. fensed flat back yard. Close to JHU and Harwood Park.

15. 2025-10-06
    historical
16. 2025-04-07
    status Active
17. 2025-04-06
    historical
18. 2025-03-05
    price $139,900
19. 2024-11-19
    price $159,900
20. 2024-10-07
    listed $189,900 Active
21. 2021-09-27
    historical
22. 2021-08-24
    price $55,000
23. 2021-08-04
    listed $75,000 Active
24. 2000-06-29
    soldstatus $47,000
25. 2000-06-29
    soldstatus $47,000
26. 1988-08-08
    soldstatus $578,000

ⓘ 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: $2,151 · $179/mo
• Projected year-2 tax: $2,151 · $179/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: $25,412
• − Mortgage interest: −$7,837
• − Property taxes: −$2,151
• − Insurance: −$700
• − Repairs & maintenance: −$2,033
• − Management: −$2,033
• − Depreciation: −$4,070
• Taxable income: $6,588
• Est. tax owed @ 24.0%: −$1,581
• After-tax cash flow: $6,839/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

-75.8% since first listed

13 events — show timeline

• 2026-03-27 Listed $139,900 BRIGHT MLS
• 2025-10-06 Listing Removed — BRIGHT MLS
• 2025-04-07 Relisted — BRIGHT MLS
• 2025-04-06 Listing Removed — BRIGHT MLS
• 2025-03-05 Price Changed $139,900 BRIGHT MLS
• 2024-11-19 Price Changed $159,900 BRIGHT MLS
• 2024-10-07 Listed $189,900 BRIGHT MLS
• 2021-09-27 Listing Removed — BRIGHT MLS
• 2021-08-24 Price Changed $55,000 BRIGHT MLS
• 2021-08-04 Listed $75,000 BRIGHT MLS
• 2000-06-29 Sold (Public Records) $47,000 Public Records
• 2000-06-29 Sold (Public Records) $47,000 Public Records
• 1988-08-08 Sold (Public Records) $578,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $2,151 · +6.6% YoY. Source: county tax records.