6929 Gough St · Baltimore, MD 21224

$157,900

2 bd · 1.0 ba · 1,034 sqft · Townhouse public records · 22 Days on market

Built 1951 1,417 sqft lot $153/sqft · 11% below area Est $178k · 11% under

---

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 +26.0/30.0
• ARV discount +12.6/15.0
• DSCR +8.7/10.0
• 1% rule +6.7/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW THIS HOME IS GORGEOUS INSIDE, TASTEFULLY DECORATED IN NEUTRAL DECOR, BRAND NEW KITCHEN W/ OAK CABINETS, LOWER LEVEL REC ROOM HAS ROUGH-IN FOR 1/2 BATH & REAR EXIT TO FENCED YARD!BEAUTIFUL NEW CARPET THROUGHOUT, COMPLETELY REMODELED BATHROOM W/ NEW TUB, TOILET & SINK! REPLACEMENT WINDOWS, RECENT ROOF & MORE! HURRY ON THIS ONE, MOVE-IN CONDITION! SEE YOU AT SETTLEMENT!

Key facts

• Built 1951
• Listed 22 days

Property features AI

Finance

• Other: Ownership interest: Ground rent
• Financial info: Ground rent: $84 paid semi-annually

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Skylight windows
• Construction: Brick construction; Foundation: brick/mortar, block, and other; Other structures above and below grade
• Exterior features: Front yard; Rear yard; Porch(es); Play area; Sidewalks; Street lights

Interior

• Kitchen: Stove; Refrigerator
• Bedrooms: Two bedrooms on the first upper level
• Flooring: Wood floors; Ceramic tile
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Open floor plan; Dining area; Family room off the kitchen; Skylights; Tub/shower
• Laundry & utility: Washer; Dryer; Water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $158k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $158k).
• Recommended offer: $156k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% 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 (+1.3%/yr); 391 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); 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 $1k of loan paydown is wiped out by about $5k 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 22 days — a 2% lower offer ($156k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y 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.

Risks & watch-outs

• Watch-outs: built in 1951 — 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 $155,531 (1.5% below list)

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.17% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.67%
• DSCR: 1.47
• GRM: 7.1

CMA / ARV

• ARV (median comp): $177,891
• List price: $157,900
• Delta: -11.24%
• 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
6811 Bank St	0.14mi	2/2.0	1,084 (+5%)	4mo	$178,000	$164	78
319 Joplin St	0.44mi	2/1.0	1,050 (+2%)	7mo	$154,000	$147	71
7279 Gough St	0.38mi	2/1.5	996 (-4%)	4mo	$137,800	$138	71
334 Kane St	0.42mi	2/2.0	1,050 (+2%)	9mo	$195,000	$186	67
316 Hornel St	0.56mi	2/1.0	990 (-4%)	0mo	$140,000	$141	66
412 Overview Ave	0.21mi	3/2.0 (+1)	1,124 (+9%)	5mo	$180,000	$160	63
7169 Eastbrook Ave	0.36mi	3/2.0 (+1)	996 (-4%)	7mo	$230,000	$231	62
1242 Delbert Ave	0.60mi	3/1.5 (+1)	1,024 (-1%)	3mo	$219,822	$215	61
7304 Stratton Way	0.47mi	3/1.5 (+1)	1,080 (+4%)	5mo	$215,000	$199	60
7230 Conley St	0.29mi	3/1.5 (+1)	1,144 (+11%)	7mo	$180,000	$157	56
1108 Steelton Ave	0.75mi	3/1.0 (+1)	1,080 (+4%)	8mo	$110,000	$102	46
7316 Conley St	0.41mi	3/2.0 (+1)	1,180 (+14%)	3mo	$242,000	$205	46

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -2.2%
• Equity multiple: 0.92×
• Total profit: $-3,623
• Equity at exit: $23,543

10-year hold

• IRR: 5.6%
• Equity multiple: 1.38×
• Total profit: $16,881
• Equity at exit: $13,652

Cash invested: $44,212 (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 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,849 high
• Mortgage (P&I): −$828
• Tax from tax record: −$174 /mo · $2,088/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $393

Break-even live

Break-even rent $1,352

Max offer price $157,900

Occupancy floor 74%

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: $39,475
• Closing costs: $4,737
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6802 Conley St Baltimore, MD	2.0	1.5	939	$1,750	$1.86	21d	1	0.10mi
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	21d	1	0.13mi
6905 Bank St Baltimore, MD	2.0	1.5	784	$1,650	$2.10	43d	1	0.15mi
7058 Eastbrook Ave Baltimore, MD	3.0	2.0	1228	$1,700	$1.38	11d	1	0.20mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	23d	1	0.28mi
7230 Conley St Unit 1 Baltimore, MD	3.0	1.5	1144	$2,100	$1.84	3d	1	0.28mi
530 47th St Baltimore, MD	3.0	1.0	1424	$1,750	$1.23	23d	1	0.32mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	23d	1	0.38mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	17d	1	0.41mi
334 Kane St Baltimore, MD	2.0	2.0	1050	$1,675	$1.60	23d	1	0.41mi
7325 Conley St Baltimore, MD	3.0	2.0	1290	$1,950	$1.51	17d	1	0.42mi
416 Hornel St Unit 2 Baltimore, MD	2.0	1.0	1470	$1,400	$0.95	23d	1	0.58mi
628 47th St Apt RW2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	10d	1	0.58mi
630 47th St Unit B Baltimore, MD	2.0	1.0	750	$1,200	$1.60	43d	1	0.58mi
363 Gusryan St Baltimore, MD	2.0	2.0	840	$1,950	$2.32	12d	1	0.59mi
338 Gusryan St Baltimore, MD	2.0	1.5	1218	$1,700	$1.40	23d	1	0.61mi
340 Gusryan St Baltimore, MD	3.0	2.0	1300	$2,500	$1.92	43d	1	0.61mi
505 Northpoint Rd Baltimore, MD	3.0	2.0	1300	$2,195	$1.69	11d	1	0.65mi
328 Folcroft St Baltimore, MD	3.0	2.0	1460	$2,300	$1.58	23d	1	0.66mi
434 Folcroft St Unit A Baltimore, MD	3.0	1.5	1260	$1,500	$1.19	43d	1	0.68mi
7716 Wynbrook Rd Baltimore, MD	2.0	1.0	1232	$1,800	$1.46	43d	1	0.68mi
442 Folcroft St Unit A Baltimore, MD	2.0	1.5	1071	$1,600	$1.49	3d	1	0.68mi
421 Elrino St Unit B Baltimore, MD	1.0	1.0	750	$995	$1.33	23d	1	0.70mi
440 Elrino St Unit 2 Baltimore, MD	1.0	1.0	750	$1,050	$1.40	23d	1	0.73mi
335 Drew St Unit 1 Baltimore, MD	2.0	1.0	1460	$1,600	$1.10	23d	1	0.74mi
456 Elrino St Unit B Baltimore, MD	2.0	1.0	800	$1,600	$2.00	43d	1	0.74mi
335 Drew St Unit 2 Baltimore, MD	1.0	1.0	1460	$1,200	$0.82	23d	1	0.74mi
339 Drew St Baltimore, MD	1.0	1.0	1460	$1,200	$0.82	23d	1	0.74mi
608 Northpoint Rd Baltimore, MD	3.0	1.5	1148	$1,895	$1.65	23d	1	0.75mi
309 52nd St Unit A Baltimore, MD	2.0	1.0	722	$1,350	$1.87	23d	1	0.78mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	43d	1	0.91mi
7517 Belmont Ave Baltimore, MD	2.0	1.0	720	$1,800	$2.50	17d	1	0.92mi
7915 Eastdale Rd Baltimore, MD	2.0	1.0	896	$1,500	$1.67	43d	1	0.93mi
7948 Eastdale Rd Baltimore, MD	3.0	1.0	1024	$1,700	$1.66	43d	1	0.99mi
7951 E Baltimore St Baltimore, MD	3.0	1.0	1024	$1,750	$1.71	2d	1	1.00mi
560 Bayview Blvd Baltimore, MD	1.0–3.0	1.0–3.0	1108	$2,515	$2.27	2d	25	1.05mi
8036 Lansdale Rd Unit 1 Baltimore, MD	3.0	1.0	1024	$1,775	$1.73	4d	1	1.05mi
944 Dalton Ave Baltimore, MD	3.0	2.0	1024	$2,100	$2.05	10d	1	1.07mi
932 Elton Ave Baltimore, MD	3.0	2.0	1024	$1,950	$1.90	17d	1	1.07mi
1207 Anglesea St Baltimore, MD	2.0	2.0	1162	$2,150	$1.85	4d	1	1.12mi

Listing history 8 events

1. 2026-05-31
   status $157,900 Pending 22 DOM
2. 2026-05-08
   listed $163,500 Active 1420-char remark
3. 2026-05-08
   historical $163,500 1420-char remark
4. 2006-06-29
   soldstatus $144,900
5. 2006-06-02
   soldstatus $144,900 391-char remark

   Show marketing remark (391 chars)

   WOW THIS HOME IS GORGEOUS INSIDE, TASTEFULLY DECORATED IN NEUTRAL DECOR, BRAND NEW KITCHEN W/ OAK CABINETS, LOWER LEVEL REC ROOM HAS ROUGH-IN FOR 1/2 BATH & REAR EXIT TO FENCED YARD!BEAUTIFUL NEW CARPET THROUGHOUT, COMPLETELY REMODELED BATHROOM W/ NEW TUB, TOILET & SINK! REPLACEMENT WINDOWS, RECENT ROOF & MORE! HURRY ON THIS ONE, MOVE-IN CONDITION! SEE YOU AT SETTLEMENT!

6. 2006-04-27
   historical 391-char remark

   Show marketing remark (391 chars)

   WOW THIS HOME IS GORGEOUS INSIDE, TASTEFULLY DECORATED IN NEUTRAL DECOR, BRAND NEW KITCHEN W/ OAK CABINETS, LOWER LEVEL REC ROOM HAS ROUGH-IN FOR 1/2 BATH & REAR EXIT TO FENCED YARD!BEAUTIFUL NEW CARPET THROUGHOUT, COMPLETELY REMODELED BATHROOM W/ NEW TUB, TOILET & SINK! REPLACEMENT WINDOWS, RECENT ROOF & MORE! HURRY ON THIS ONE, MOVE-IN CONDITION! SEE YOU AT SETTLEMENT!

7. 2006-04-23
   listed $144,900 391-char remark

   Show marketing remark (391 chars)

   WOW THIS HOME IS GORGEOUS INSIDE, TASTEFULLY DECORATED IN NEUTRAL DECOR, BRAND NEW KITCHEN W/ OAK CABINETS, LOWER LEVEL REC ROOM HAS ROUGH-IN FOR 1/2 BATH & REAR EXIT TO FENCED YARD!BEAUTIFUL NEW CARPET THROUGHOUT, COMPLETELY REMODELED BATHROOM W/ NEW TUB, TOILET & SINK! REPLACEMENT WINDOWS, RECENT ROOF & MORE! HURRY ON THIS ONE, MOVE-IN CONDITION! SEE YOU AT SETTLEMENT!

8. 2006-04-03
   soldstatus $70,000

ⓘ 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: $2,088 · $174/mo
• Projected year-2 tax: $2,088 · $174/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 8/10 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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,193
• − Mortgage interest: −$8,845
• − Property taxes: −$2,088
• − Insurance: −$790
• − Repairs & maintenance: −$1,775
• − Management: −$1,775
• − Depreciation: −$4,593
• Taxable income: $2,326
• Est. tax owed @ 24.0%: −$558
• After-tax cash flow: $4,160/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): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+125.6% since first listed

9 events — show timeline

• 2026-05-30 Pending — BRIGHT MLS
• 2026-05-21 Price Changed $157,900 BRIGHT MLS
• 2026-05-08 Listed $163,500 BRIGHT MLS
• 2026-05-08 Coming Soon $163,500 BRIGHT MLS
• 2006-06-29 Sold (Public Records) $144,900 Public Records
• 2006-06-02 Sold (MLS) $144,900 MRIS
• 2006-04-27 Delisted — MRIS
• 2006-04-23 Listed $144,900 MRIS
• 2006-04-03 Sold (Public Records) $70,000 Public Records

Property tax history

-1.7%/yr

Latest (2025): $2,088 · +5.1% YoY. Source: county tax records.