2434 Brentwood · Baltimore, MD 21218

$250,000

3 bd · 1.5 ba · 1,950 sqft · Townhouse · 31 Days on market

Built 1900 1,307 sqft lot $128/sqft · at area comps Est $260k · at est.

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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 +14.6/30.0
• ARV discount +9.3/15.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• 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

Needs work - sold as is

Key facts

• Built 1900
• Listed 31 days

Property features AI

Exterior

• Parking: On-street parking; Off-street parking
• Utilities: Public water; Public sewer; Electric heating, cooling, and hot water
• Home design: Interior townhouse / rowhouse; Fee simple ownership; Excellent condition; Major remodel/renovation in 2026 (effective year)
• Construction: Brick and frame construction; CPVC/PVC plumbing rough-in; Tile; Block foundation; Fully finished basement with interior access and outside/rear entrance; Basement includes sump pump
• Exterior features: Deck(s); Exterior lighting and flood lights; Chain link fencing

Interior

• Kitchen: Built-in microwave; Built-in range / electric oven; Dishwasher; Disposal; Refrigerator; Stainless steel appliances; Exhaust fan
• Bedrooms: Three bedrooms on the first upper level
• Flooring: Luxury vinyl plank
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Central heating (electric); Central air conditioning with ceiling fans
• Interior features: Open floor plan with eat-in kitchen and breakfast area; Recessed lighting; Crown moldings; Ceiling fan(s); Tray ceilings; Upgraded countertops; Tub/shower
• Laundry & utility: Washer and electric dryer in unit (main floor laundry); Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $250k.

Deal economics

• At list price, monthly cash flow is $60 ($719/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $226k (9.5% below list).
• Recommended offer: $226k (9.5% below list) — sets the bar for 1% rule.

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 (+1.6%/yr); 330 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% 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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $60k; list at $250k implies a 317% 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 $226,285 (9.5% below list)

Questions for the listing agent

1. It's been on market 31 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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 0.91% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.03%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (median comp): $260,128
• List price: $250,000
• Delta: -3.89%
• 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
2419 Brentwood Ave	0.02mi	3/1.0	1,950 (0%)	1mo	$50,000	$26	96
308 E Lorraine Ave	0.25mi	3/1.5	2,046 (+5%)	0mo	$330,000	$161	80
2701 Guilford Ave	0.30mi	3/1.5	1,862 (-4%)	2mo	$331,000	$178	77
517 E 21st St	0.26mi	4/2.5 (+1)	2,070 (+6%)	4mo	$147,000	$71	65
2828 Maryland Ave	0.59mi	3/1.5	2,060 (+6%)	1mo	$425,000	$206	63
2227 Cecil Ave	0.39mi	3/2.0	1,764 (-10%)	2mo	$195,000	$111	62
407 Pitman Pl	0.60mi	3/4.5	1,965 (+1%)	0mo	$260,000	$132	59
913 Montpelier St	0.62mi	3/1.5	2,100 (+8%)	6mo	$215,000	$102	53
1118 Montpelier St	0.66mi	3/3.5	2,033 (+4%)	2mo	$319,900	$157	52
217 W 27th St W	0.58mi	3/1.5	1,694 (-13%)	2mo	$380,000	$224	49
2535 N Howard St	0.49mi	2/3.0 (-1)	1,680 (-14%)	2mo	$288,000	$171	42
2725 Huntingdon Ave	0.66mi	3/2.5	1,690 (-13%)	6mo	$350,000	$207	38

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: -16.2%
• Equity multiple: 0.43×
• Total profit: $-39,735
• Equity at exit: $37,276

10-year hold

• IRR: -10.5%
• Equity multiple: 0.40×
• Total profit: $-41,829
• Equity at exit: $21,615

Cash invested: $70,000 (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: 9.2×

Monthly cashflow live

• Estimated rent: $2,263 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $60

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 92%

Sensitivity live

Price	-10% $233	-5% $146	+0% $60	+5% $-26	+10% $-113
Rent	-10% $-119	-5% $-29	+0% $60	+5% $149	+10% $239
Rate	-1.0pp $186	-0.5pp $124	base $60	+0.5pp $-5	+1.0pp $-71

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
324 E 23rd St Baltimore, MD	3.0	1.5	2018	$2,200	$1.09	25d	1	0.11mi
312 E 25th St Baltimore, MD	4.0	3.5	1960	$2,800	$1.43	45d	1	0.11mi
534 E 23rd St Baltimore, MD	3.0	2.5	1700	$2,350	$1.38	45d	1	0.17mi
411 E Lorraine Ave Baltimore, MD	3.0	1.5	1344	$2,200	$1.64	25d	1	0.20mi
2300 N Calvert St Baltimore, MD	1.0–2.0	1.0–2.0	1100	$1,995	$1.81	4d	2	0.21mi
400 E Lorraine Ave Baltimore, MD	3.0	1.0	1500	$1,800	$1.20	22d	1	0.22mi
428 E Lorraine Ave Baltimore, MD	3.0	2.0	1344	$1,875	$1.40	25d	1	0.22mi
428 E Lorraine Ave Unit 1 Baltimore, MD	3.0	1.5	1344	$1,875	$1.40	45d	1	0.22mi
450 E Lorraine Ave Baltimore, MD	3.0	1.0	1344	$1,695	$1.26	45d	1	0.23mi
402 E 28th St Baltimore, MD	3.0	1.0	1436	$2,200	$1.53	45d	1	0.37mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	6d	1	0.37mi
424 Ilchester Ave Baltimore, MD	3.0	3.0	1976	$1,800	$0.91	16d	1	0.41mi
1827 Guilford Ave Unit G-1813 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	0d	1	0.44mi
1827 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	25d	1	0.44mi
1823 Guilford Ave Unit G-1823 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	45d	1	0.45mi
1813 Guilford Ave Unit G-1813 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	45d	1	0.46mi
1809 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	45d	1	0.46mi
1807 Guilford Ave Unit G-1807 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	45d	1	0.46mi
1801 Guilford Ave Baltimore, MD	3.0	3.5	1921	$2,595	$1.35	25d	3	0.48mi
411 E Lafayette Ave Baltimore, MD	3.0	2.5	2450	$2,900	$1.18	25d	1	0.49mi
1824 Saint Paul St Unit 3 Baltimore, MD	2.0	1.0	2397	$1,275	$0.53	45d	1	0.50mi
2641 N Howard St Baltimore, MD	4.0	3.5	1344	$2,800	$2.08	25d	1	0.52mi
412 E Lanvale St Baltimore, MD	3.0	2.0	1600	$3,100	$1.94	6d	1	0.54mi
325 W Lorraine Ave Baltimore, MD	3.0	1.0	1470	$3,150	$2.14	6d	1	0.56mi
1643 Guilford Ave Baltimore, MD	3.0	3.5	2273	$3,200	$1.41	45d	1	0.57mi
437 Pitman Pl Baltimore, MD	2.0	3.0	1520	$1,650	$1.09	6d	1	0.60mi
456 E Federal St Baltimore, MD	2.0	2.0	1450	$1,850	$1.28	45d	1	0.62mi
458 E Federal St Baltimore, MD	2.0	2.5	1300	$1,850	$1.42	5d	1	0.62mi
415 E Federal St Baltimore, MD	2.0	1.5	1450	$1,800	$1.24	0d	1	0.64mi
936 Montpelier St Baltimore, MD	2.0	1.0	1260	$1,450	$1.15	25d	1	0.66mi
2328 Aiken St Baltimore, MD	3.0	1.0	1406	$1,650	$1.17	0d	1	0.69mi
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	25d	1	0.70mi
3214 Abell Ave Baltimore, MD	3.0	1.5	2300	$2,800	$1.22	25d	1	0.73mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	18d	1	0.76mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	4d	1	0.76mi
2624 Garrett Ave Baltimore, MD	3.0	1.0	1400	$1,750	$1.25	0d	1	0.76mi
315 W 30th St Baltimore, MD	3.0	3.0	1250	$2,450	$1.96	18d	1	0.77mi
3201 Saint Paul St Baltimore, MD	1.0–2.0	1.5–2.0	1532	$3,200	$2.09	0d	2	0.78mi
1312 Guilford Ave Baltimore, MD	1.0–2.0	1.0–2.0	1040	$1,850	$1.78	45d	6	0.82mi
348 E University Pkwy Baltimore, MD	4.0	2.0	1809	$2,400	$1.33	45d	1	0.82mi

Listing history 16 events

1. 2026-06-07
   days on market $250,000 Active 31 DOM
2. 2026-06-04
   days on market $250,000 Active 28 DOM
3. 2026-06-03
   days on market $250,000 Active 27 DOM
4. 2026-06-02
   days on market $250,000 Active 26 DOM
5. 2026-06-01
   days on market $250,000 Active 25 DOM
6. 2026-05-31
   days on market $250,000 Active 24 DOM
7. 2026-05-08
   listed $250,000 Active 2253-char remark
8. 2026-05-07
   historical $250,000 2253-char remark
9. 2026-02-20
   soldstatus $60,000
10. 2026-02-02
    soldstatus $60,000 Closed 23-char remark

    Show marketing remark (23 chars)

    Needs work - sold as is

11. 2026-01-11
    status Pending 23-char remark

    Show marketing remark (23 chars)

    Needs work - sold as is

12. 2025-12-12
    listed $65,000 Active 23-char remark

    Show marketing remark (23 chars)

    Needs work - sold as is

13. 2025-12-11
    historical $65,000 23-char remark

    Show marketing remark (23 chars)

    Needs work - sold as is

14. 2024-05-17
    status Pending
15. 2024-05-17
    historical
16. 2024-05-15
    listed $214,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $27,154
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,172
• − Management: −$2,172
• − Depreciation: −$7,273
• Taxable loss: −$3,467
• Est. tax savings @ 24.0%: +$832
• After-tax cash flow: $1,552/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

+16.3% since first listed

11 events — show timeline

• 2026-06-08 Listing Removed — BRIGHT MLS
• 2026-05-08 Listed $250,000 BRIGHT MLS
• 2026-05-07 Coming Soon — BRIGHT MLS
• 2026-02-20 Sold (Public Records) $60,000 Public Records
• 2026-02-02 Sold (MLS) $60,000 BRIGHT MLS
• 2026-01-11 Pending — BRIGHT MLS
• 2025-12-12 Listed $65,000 BRIGHT MLS
• 2025-12-11 Coming Soon $65,000 BRIGHT MLS
• 2024-05-17 Pending — BRIGHT MLS
• 2024-05-17 Listing Removed — BRIGHT MLS
• 2024-05-15 Listed $214,900 BRIGHT MLS

Property tax history

-6.0%/yr

Latest (2025): $352 · +28.6% YoY. Source: county tax records.