12 N Kossuth St · Baltimore, MD 21229

$145,900

3 bd · 1.0 ba · 1,100 sqft · Townhouse public records · 107 Days on market

Built 1940 4,356 sqft lot $133/sqft · 16% above area Est $125k · 16% over

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Why this score? — see what drove the C 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 +27.8/30.0
• DSCR +9.8/10.0
• 1% rule +7.3/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.1/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION! ATTENTION! Come one, come all! Priced to sell! This 3 bedroom and one and a half baths townhome is ideal for first time home buyers or investors who wish to add to their portfolio. Located in an attractive block near Hilton Pwy, the home renders easy access to I95 and is just minutes from the new renovation project of Edmondson Village Shopping Center. The home offers central air conditioning and forced hot air heating. There are LVT flooring on all levels, including the basement. Stainless steel appliances and a breakfast bar are attractive features of the kitchen. Upstairs you will find 3 decent sized bedrooms and a full bath. The living room and dining room are separated by a convenient half bath. From the kitchen you can access the backyard, which is fully enclosed by a privacy fence. The gated side yard leads to the front lawn. This home has great potential and waits eagerly for the right buyer.

Key facts

• Built 1940
• Listed 107 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $146k.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $146k).
• Recommended offer: $133k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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 (+5.4%/yr); 252 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); 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 36% of the median local income ($60k/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 $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 + 5.4% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $132,769 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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: 1.23% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.11%
• DSCR: 1.58
• GRM: 6.8

CMA / ARV

• ARV (median comp): $125,270
• List price: $145,900
• Delta: 16.47%
• 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
222 N Hilton St	0.14mi	3/1.0	1,120 (+2%)	1mo	$89,775	$80	90
107 N Monastery Ave	0.07mi	2/1.5 (-1)	1,080 (-2%)	2mo	$65,000	$60	85
209 Mount Holly St	0.30mi	3/2.0	1,080 (-2%)	2mo	$228,000	$211	78
119 Hilton St	0.14mi	2/2.0 (-1)	1,040 (-6%)	0mo	$211,000	$203	75
3039 Harlem Ave	0.65mi	3/1.0	1,070 (-3%)	1mo	$27,500	$26	64
38 N Monastery Ave	0.17mi	3/2.0	1,260 (+14%)	3mo	$90,000	$71	62
300 Denison St	0.21mi	3/2.0	1,260 (+14%)	2mo	$205,000	$163	60
3302 W Franklin St	0.37mi	3/1.0	960 (-13%)	2mo	$50,000	$52	60
21 Culver St	0.14mi	2/2.0 (-1)	1,260 (+14%)	1mo	$210,000	$167	59
3306 W Franklin St	0.36mi	3/2.0	960 (-13%)	1mo	$51,500	$54	57
537 Longwood St	0.65mi	4/2.0 (+1)	1,176 (+7%)	0mo	$60,000	$51	49
3017 Frederick Ave	0.67mi	4/3.0 (+1)	1,260 (+14%)	2mo	$217,000	$172	30

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 5.6%
• Equity multiple: 1.22×
• Total profit: $9,188
• Equity at exit: $21,754

10-year hold

• IRR: 17.1%
• Equity multiple: 2.56×
• Total profit: $63,584
• Equity at exit: $12,615

Cash invested: $40,852 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,795 high
• Mortgage (P&I): −$765
• Tax from tax record: −$146 /mo · $1,752/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $446

Break-even live

Break-even rent $1,230

Max offer price $145,900

Occupancy floor 70%

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: $36,475
• Closing costs: $4,377
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	23d	1	0.08mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	23d	1	0.12mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	23d	1	0.16mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.19mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	0.28mi
3706 W Franklin St Unit 1 Baltimore, MD	2.0	1.0	735	$1,100	$1.50	4d	1	0.39mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	0.40mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	43d	1	0.40mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	23d	1	0.50mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	43d	1	0.51mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	23d	1	0.53mi
709 Denison St Baltimore, MD	2.0	2.0	840	$1,630	$1.94	23d	1	0.53mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	23d	1	0.55mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	23d	1	0.59mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	43d	1	0.63mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	0.64mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	14d	1	0.65mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	2d	5	0.66mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	23d	1	0.66mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	20d	1	0.66mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.67mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	43d	1	0.69mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	43d	1	0.70mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	43d	1	0.72mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	43d	1	0.81mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	43d	1	0.89mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	23d	1	0.91mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	43d	1	0.92mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.93mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	23d	1	0.94mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	43d	1	0.96mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	43d	1	0.96mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	23d	1	0.97mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	1d	1	0.97mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	43d	1	0.97mi
332 S Franklintown Rd Unit 2 Baltimore, MD	2.0	1.0	776	$795	$1.02	23d	1	0.99mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	43d	1	1.00mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	43d	1	1.00mi
1307 Wildwood Pkwy Baltimore, MD	2.0	1.0	725	$1,295	$1.79	43d	1	1.00mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	23d	1	1.01mi

Listing history 34 events

1. 2026-06-18
   days on market $145,900 Active 107 DOM
2. 2026-06-17
   days on market $145,900 Active 106 DOM
3. 2026-06-16
   days on market $145,900 Active 105 DOM
4. 2026-06-15
   days on market $145,900 Active 104 DOM
5. 2026-06-13
   days on market $145,900 Active 102 DOM
6. 2026-06-09
   days on market $145,900 Active 98 DOM
7. 2026-06-08
   days on market $145,900 Active 97 DOM
8. 2026-06-07
   pricedays on market $145,900 Active 96 DOM
9. 2026-06-04
   days on market $159,540 Active 93 DOM
10. 2026-06-03
    days on market $159,540 Active 92 DOM
11. 2026-06-02
    days on market $159,540 Active 91 DOM
12. 2026-06-01
    days on market $159,540 Active 90 DOM
13. 2026-05-31
    days on market $159,540 Active 89 DOM
14. 2026-03-03
    listed $159,540 Active 927-char remark

    Show marketing remark (927 chars)

    ATTENTION! ATTENTION! Come one, come all! Priced to sell! This 3 bedroom and one and a half baths townhome is ideal for first time home buyers or investors who wish to add to their portfolio. Located in an attractive block near Hilton Pwy, the home renders easy access to I95 and is just minutes from the new renovation project of Edmondson Village Shopping Center. The home offers central air conditioning and forced hot air heating. There are LVT flooring on all levels, including the basement. Stainless steel appliances and a breakfast bar are attractive features of the kitchen. Upstairs you will find 3 decent sized bedrooms and a full bath. The living room and dining room are separated by a convenient half bath. From the kitchen you can access the backyard, which is fully enclosed by a privacy fence. The gated side yard leads to the front lawn. This home has great potential and waits eagerly for the right buyer.

15. 2026-02-28
    historical $159,540 927-char remark

    Show marketing remark (927 chars)

    ATTENTION! ATTENTION! Come one, come all! Priced to sell! This 3 bedroom and one and a half baths townhome is ideal for first time home buyers or investors who wish to add to their portfolio. Located in an attractive block near Hilton Pwy, the home renders easy access to I95 and is just minutes from the new renovation project of Edmondson Village Shopping Center. The home offers central air conditioning and forced hot air heating. There are LVT flooring on all levels, including the basement. Stainless steel appliances and a breakfast bar are attractive features of the kitchen. Upstairs you will find 3 decent sized bedrooms and a full bath. The living room and dining room are separated by a convenient half bath. From the kitchen you can access the backyard, which is fully enclosed by a privacy fence. The gated side yard leads to the front lawn. This home has great potential and waits eagerly for the right buyer.

16. 2015-11-01
    historical Withdrawn
17. 2015-11-01
    historical
18. 2015-07-01
    listed Active
19. 2015-07-01
    listed $49,900
20. 2015-05-01
    historical
21. 2015-05-01
    historical Expired
22. 2015-04-20
    price
23. 2015-03-10
    price
24. 2015-03-01
    price
25. 2015-01-04
    price
26. 2014-12-12
    price
27. 2014-11-05
    listed Active
28. 2014-11-04
    listed $49,000
29. 2007-04-09
    soldstatus $127,000
30. 2006-08-11
    soldstatus $127,000
31. 2006-06-26
    historical
32. 2006-04-27
    listed $127,000
33. 2005-12-07
    soldstatus $55,000
34. 1995-04-05
    soldstatus $27,705

ⓘ 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: $1,752 · $146/mo
• Projected year-2 tax: $1,752 · $146/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,543
• − Mortgage interest: −$8,173
• − Property taxes: −$1,752
• − Insurance: −$730
• − Repairs & maintenance: −$1,723
• − Management: −$1,723
• − Depreciation: −$4,244
• Taxable income: $3,197
• Est. tax owed @ 24.0%: −$767
• After-tax cash flow: $4,588/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+475.9% since first listed

21 events — show timeline

• 2026-03-03 Listed $159,540 BRIGHT MLS
• 2026-02-28 Coming Soon $159,540 BRIGHT MLS
• 2015-11-01 Listing Removed — BRIGHT MLS
• 2015-11-01 Delisted — MRIS
• 2015-07-01 Listed — MRIS
• 2015-07-01 Listed $49,900 BRIGHT MLS
• 2015-05-01 Delisted — MRIS
• 2015-05-01 Listing Removed — BRIGHT MLS
• 2015-04-20 Price Changed — MRIS
• 2015-03-10 Price Changed — MRIS
• 2015-03-01 Price Changed — MRIS
• 2015-01-04 Price Changed — MRIS
• 2014-12-12 Price Changed — MRIS
• 2014-11-05 Listed — MRIS
• 2014-11-04 Listed $49,000 BRIGHT MLS
• 2007-04-09 Sold (Public Records) $127,000 Public Records
• 2006-08-11 Sold (MLS) $127,000 MRIS
• 2006-06-26 Delisted — MRIS
• 2006-04-27 Listed $127,000 MRIS
• 2005-12-07 Sold (Public Records) $55,000 Public Records
• 1995-04-05 Sold (Public Records) $27,705 Public Records

Property tax history

-1.3%/yr

Latest (2025): $1,752 · +5.1% YoY. Source: county tax records.