610 Tunbridge Rd · Baltimore, MD 21212

$129,900

3 bd · 1.5 ba · 1,271 sqft · SingleFamily public records · 19 Days on market

Built 1925 6,499 sqft lot

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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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Built in 1925, this cape cod style home offers approximately 1618 finished square feet, three bedrooms, one full and one half bath, unfinished basement and covered front porch. This home sits on an approximate 6499 sqft lot. This property is in need of total rehab. No interior access allowed.

Key facts

• 6,499 sq ft lot
• Built 1925
• Listed 18 days

Property features AI

Finance

• Financial info: Fee simple ownership

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached structure
• Construction: Aluminum siding; Vinyl siding; Composite/shingle roof; Other foundation
• Exterior features: No tidal water

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level; 1 half bathroom on the main level; Total: 1 full bathroom, 1 half bathroom
• Interior features: Unfinished basement; Estimated living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $445 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% 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 (+4.7%/yr); 135 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $898 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 + 4.7% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,951 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 10.40%
• Cash-on-cash: 14.68%
• DSCR: 1.65
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $312,666
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5314 Kenilworth Ave	0.43mi	3/1.0	1,296 (+2%)	0mo	$245,000	$189	74
310 Paddington Rd	0.39mi	3/2.0	1,288 (+1%)	8mo	$470,000	$365	71
409 Woodford Rd	0.51mi	3/1.5	1,253 (-1%)	8mo	$339,500	$271	68
5106 Saint Georges Ave	0.53mi	4/1.5 (+1)	1,249 (-2%)	2mo	$127,000	$102	66
700 Evesham Ave	0.59mi	3/1.5	1,296 (+2%)	12mo	$289,000	$223	59
5102 Norwood Rd	0.54mi	4/1.5 (+1)	1,369 (+8%)	5mo	$382,000	$279	53
6003 Henderson Ave	0.68mi	3/1.5	1,400 (+10%)	1mo	$345,000	$246	51
5112 Whiteford Ave	0.54mi	3/1.5	1,376 (+8%)	13mo	$345,000	$251	50
5013 The Alameda	0.73mi	3/2.0	1,372 (+8%)	1mo	$240,000	$175	49
4906 Midwood Ave	0.64mi	2/2.0 (-1)	1,330 (+5%)	15mo	$130,000	$98	43
5916 Brackenridge Ave	0.66mi	3/2.0	1,200 (-6%)	20mo	$320,000	$267	41
6005 York Rd	0.64mi	3/2.5	1,449 (+14%)	21mo	$285,000	$197	25

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 7.3%
• Equity multiple: 1.29×
• Total profit: $10,576
• Equity at exit: $19,369

10-year hold

• IRR: 18.2%
• Equity multiple: 2.64×
• Total profit: $59,645
• Equity at exit: $11,231

Cash invested: $36,372 (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 21212

• Rents YoY: 4.7%
• Active inventory: 135
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,882 high
• Mortgage (P&I): −$681
• Tax from tax record: −$306 /mo · $3,677/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $445

Break-even live

Break-even rent $1,319

Max offer price $129,900

Occupancy floor 71%

Sensitivity live

Price	-10% $518	-5% $482	+0% $445	+5% $408	+10% $371
Rent	-10% $296	-5% $371	+0% $445	+5% $519	+10% $594
Rate	-1.0pp $510	-0.5pp $478	base $445	+0.5pp $411	+1.0pp $377

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
818 Bradhurst Rd Baltimore, MD	2.0	1.0	1216	$1,250	$1.03	45d	1	0.21mi
818 Bradhurst Rd Baltimore, MD	2.0	1.0	1216	$1,350	$1.11	4d	1	0.21mi
5307 York Rd Baltimore, MD	2.0	1.0	1120	$1,200	$1.07	45d	1	0.24mi
5200 Ready Ave Baltimore, MD	3.0	1.5	1116	$1,950	$1.75	4d	1	0.27mi
711 1/2 McCabe Ave Baltimore, MD	4.0	3.0	1204	$2,350	$1.95	5d	1	0.33mi
828 Saint Dunstans Rd Baltimore, MD	3.0	2.0	1544	$2,000	$1.30	25d	1	0.34mi
5622 Midwood Ave Baltimore, MD	3.0	2.0	1452	$2,300	$1.58	45d	1	0.34mi
5626 Midwood Ave Unit 2 Baltimore, MD	2.0	1.0	1452	$1,100	$0.76	25d	1	0.34mi
1008 Tunbridge Rd Baltimore, MD	3.0	2.0	1732	$2,050	$1.18	25d	1	0.37mi
1006 Cameron Rd Baltimore, MD	2.0	1.0	1032	$950	$0.92	45d	1	0.38mi
543 Chateau Ave Baltimore, MD	3.0	2.0	1152	$1,900	$1.65	5d	1	0.45mi
510 Winston Ave Baltimore, MD	4.0	2.0	1600	$2,800	$1.75	21d	1	0.47mi
917 Reverdy Rd Unit A Baltimore, MD	3.0	1.0	1200	$2,100	$1.75	45d	1	0.49mi
416 Winston Ave Unit 426-01 Baltimore, MD	2.0	1.0	890	$1,250	$1.40	45d	1	0.53mi
1221 Glenwood Ave Baltimore, MD	3.0	2.0	1390	$2,595	$1.87	45d	1	0.61mi
514 Radnor Ave Baltimore, MD	3.0	1.5	1575	$1,500	$0.95	45d	1	0.63mi
6008 Clearspring Rd Baltimore, MD	4.0	2.5	1758	$3,600	$2.05	25d	1	0.66mi
804 Radnor Ave Baltimore, MD	3.0	1.0	1654	$2,000	$1.21	45d	1	0.67mi
1020 Dartmouth Glen Way Baltimore, MD	3.0	2.5	1152	$2,250	$1.95	25d	1	0.69mi
1224 Winston Ave Baltimore, MD	3.0	2.0	1248	$2,100	$1.68	19d	1	0.72mi
1275 Kitmore Rd Unit 1262B-A Baltimore, MD	2.0	1.0	923	$1,320	$1.43	3d	1	0.72mi
1275 Kitmore Rd Unit 1245K-T Baltimore, MD	3.0	1.0	935	$1,895	$2.03	5d	1	0.72mi
1111 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	1452	$1,050	$0.72	45d	1	0.76mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	45d	1	0.76mi
1106 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	1100	$1,450	$1.32	45d	1	0.77mi
5204 Kelway Rd Baltimore, MD	3.0	2.0	1666	$2,350	$1.41	25d	1	0.79mi
1116 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	876	$1,750	$2.00	45d	1	0.79mi
1260 Rossiter Ave Baltimore, MD	2.0	1.0	710	$1,250	$1.76	3d	37	0.80mi
835 E Cold Spring Ln Baltimore, MD	2.0	1.5	997	$1,400	$1.40	25d	1	0.82mi
531 Willow Ave Unit Na Baltimore, MD	4.0	1.0	1300	$1,800	$1.38	21d	1	0.85mi
6159 Parkway Dr Apt 1 Baltimore, MD	4.0	2.0	1408	$2,200	$1.56	25d	1	0.90mi
6159 Parkway Dr Baltimore, MD	4.0	2.0	1408	$2,200	$1.56	23d	1	0.90mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	21d	1	0.91mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	45d	1	0.91mi
1104 Meridene Dr Unit 1 Baltimore, MD	2.0	1.0	1098	$1,350	$1.23	45d	1	0.93mi
6189 Northwood Dr Baltimore, MD	4.0	2.0	1400	$2,200	$1.57	45d	1	0.98mi
100 E Melrose Ave Baltimore, MD	2.0–3.0	2.0–2.5	1750	$3,345	$1.91	5d	2	0.98mi
6149 Dunroming Rd Baltimore, MD	3.0	1.5	1400	$1,895	$1.35	12d	1	1.02mi
706 E 43rd St Baltimore, MD	4.0	1.5	1596	$1,899	$1.19	3d	1	1.03mi
1018 Woodson Rd Baltimore, MD	1.0–3.0	1.0–2.0	815	$2,329	$2.86	3d	13	1.04mi

Listing history 12 events

1. 2026-06-21
   days on market $129,900 Active 19 DOM
2. 2026-06-18
   days on market $129,900 Active 16 DOM
3. 2026-06-17
   days on market $129,900 Active 15 DOM
4. 2026-06-16
   days on market $129,900 Active 14 DOM
5. 2026-06-15
   days on market $129,900 Active 13 DOM
6. 2026-06-13
   days on market $129,900 Active 11 DOM
7. 2026-06-09
   days on market $129,900 Active 7 DOM
8. 2026-06-08
   days on market $129,900 Active 6 DOM
9. 2026-06-07
   days on market $129,900 Active 5 DOM
10. 2026-06-04
    days on market $129,900 Active 2 DOM
11. 2026-06-03
    remarks 293-char remark
12. 2026-06-03
    listed $129,900 Active 1 DOM

ⓘ 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: $3,677 · $306/mo
• Projected year-2 tax: $3,677 · $306/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 6/10 Major 7 d/yr ≥103°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,582
• − Mortgage interest: −$7,276
• − Property taxes: −$3,677
• − Insurance: −$650
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$3,779
• Taxable income: $3,587
• Est. tax owed @ 24.0%: −$861
• After-tax cash flow: $4,478/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): 33,974
• Household income: $96,685
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 769.0

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 0.64)
• Race & ethnicity: White 49% Black 35% Two or more races 9% Hispanic / Latino 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% 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: ▼ -392.44%
• Current HPI: 267.4569
• Rent YoY: ▲ 4.65%
• 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

1 event — show timeline

• 2026-06-02 Listed $129,900 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2025): $3,677 · +48.4% YoY. Source: county tax records.