113 N Edgewood St · Baltimore, MD 21229

$160,000

3 bd · 1.0 ba · 1,140 sqft · Townhouse public records · 37 Days on market

Built 1948

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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 +24.6/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

Key facts

• Quiet street
• Finished basement
• New kitchen cabinets

Tags

• FINISHED BASEMENT
• NEW STAINLESS REFRIGERATOR
• NEW KITCHEN CABINETS
• NEW COUNTERTOP
• QUIET STREET

Property features AI

Exterior

• Home design: Built in 1948; Single-family property (living area ~1140)
• Construction: Constructed in 1948
• Exterior features: Located in the Allendale subdivision

Interior

• Bedrooms: No bedroom details provided
• Bathrooms: No bathroom details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $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.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $16k; list at $160k implies a 900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $155,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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. 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: 1.14% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.84%
• DSCR: 1.39
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $103,740
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
222 N Hilton St	0.23mi	3/1.0	1,120 (-2%)	1mo	$89,775	$80	86
107 N Monastery Ave	0.09mi	2/1.5 (-1)	1,080 (-5%)	2mo	$65,000	$60	78
300 Denison St	0.17mi	3/2.0	1,260 (+10%)	2mo	$205,000	$163	69
21 Culver St	0.20mi	2/2.0 (-1)	1,260 (+10%)	1mo	$210,000	$167	63
119 Hilton St	0.30mi	2/2.0 (-1)	1,040 (-9%)	0mo	$211,000	$203	62
3806 Rokeby Rd	0.74mi	3/1.0	1,160 (+2%)	2mo	$120,000	$103	61
3039 Harlem Ave	0.66mi	3/1.0	1,070 (-6%)	1mo	$27,500	$26	58
28 S Bernice Ave	0.48mi	3/1.0	1,280 (+12%)	1mo	$147,000	$115	56
537 Longwood St	0.70mi	4/2.0 (+1)	1,176 (+3%)	0mo	$60,000	$51	53
1007 Wildwood Pkwy	0.75mi	3/1.0	1,216 (+7%)	2mo	$111,100	$91	53
5 Rosedale St S	0.51mi	3/2.0	1,280 (+12%)	1mo	$110,000	$86	51
1000 Mount Holly St	0.68mi	3/1.5	1,290 (+13%)	1mo	$93,000	$72	44

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: -0.2%
• Equity multiple: 0.99×
• Total profit: $-415
• Equity at exit: $23,857

10-year hold

• IRR: 11.8%
• Equity multiple: 2.03×
• Total profit: $46,043
• Equity at exit: $13,834

Cash invested: $44,800 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,820 high
• Mortgage (P&I): −$839
• Tax from tax record: −$202 /mo · $2,421/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $330

Break-even live

Break-even rent $1,402

Max offer price $160,000

Occupancy floor 77%

Sensitivity live

Price	-10% $421	-5% $375	+0% $330	+5% $285	+10% $239
Rent	-10% $186	-5% $258	+0% $330	+5% $402	+10% $474
Rate	-1.0pp $411	-0.5pp $371	base $330	+0.5pp $289	+1.0pp $246

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	5d	1	0.09mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	24d	1	0.19mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	5d	1	0.23mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	0.24mi
3706 W Franklin St Unit 1 Baltimore, MD	2.0	1.0	735	$1,100	$1.50	5d	1	0.28mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	0.28mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	44d	1	0.33mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	44d	1	0.35mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	0.42mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	24d	1	0.49mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	24d	1	0.49mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	44d	1	0.49mi
709 Denison St Baltimore, MD	2.0	2.0	840	$1,630	$1.94	24d	1	0.49mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	24d	1	0.49mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	44d	1	0.57mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	15d	1	0.57mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	44d	1	0.57mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	24d	1	0.57mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	3d	5	0.58mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	24d	1	0.60mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	44d	1	0.66mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	44d	1	0.70mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	44d	1	0.72mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	21d	1	0.78mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	44d	1	0.80mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	44d	1	0.84mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	2d	1	0.84mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	44d	1	0.88mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	44d	1	0.89mi
1307 Wildwood Pkwy Baltimore, MD	2.0	1.0	725	$1,295	$1.79	44d	1	0.90mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	44d	1	0.90mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	44d	1	0.90mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	24d	1	0.90mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	44d	1	0.95mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	44d	1	0.96mi
4601 Pen Lucy Rd Unit 4718-F Baltimore, MD	2.0	1.0	879	$1,225	$1.39	2d	1	0.96mi
4601 Pen Lucy Rd Unit 4714-B Baltimore, MD	2.0	1.0	730	$1,205	$1.65	15d	1	0.96mi
4601 Pen Lucy Rd Unit 103-H Baltimore, MD	2.0	1.0	798	$1,315	$1.65	24d	1	0.96mi
4601 Pen Lucy Rd Unit 4615-G Baltimore, MD	2.0	1.0	798	$1,200	$1.50	22d	1	0.97mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	24d	1	0.98mi

Listing history 20 events

1. 2026-06-18
   days on market $160,000 Active 37 DOM
2. 2026-06-17
   pricedays on market $160,000 Active 36 DOM
3. 2026-06-16
   days on market $170,000 Active 35 DOM
4. 2026-06-15
   days on market $170,000 Active 34 DOM
5. 2026-06-13
   days on market $170,000 Active 32 DOM
6. 2026-06-09
   days on market $170,000 Active 28 DOM
7. 2026-06-08
   days on market $170,000 Active 27 DOM
8. 2026-06-07
   days on market $170,000 Active 26 DOM
9. 2026-06-04
   days on market $170,000 Active 23 DOM
10. 2026-06-03
    days on market $170,000 Active 22 DOM
11. 2026-06-02
    days on market $170,000 Active 21 DOM
12. 2026-06-01
    days on market $170,000 Active 20 DOM
13. 2026-05-31
    days on market $170,000 Active 19 DOM
14. 2026-05-12
    listed $170,000 Active 356-char remark
15. 2014-06-09
    soldstatus $16,000 Sold 237-char remark

    Show marketing remark (237 chars)

    Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

16. 2014-06-09
    soldstatus $16,000

    Show marketing remark (237 chars)

    Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

17. 2014-04-18
    status Contract 237-char remark

    Show marketing remark (237 chars)

    Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

18. 2014-04-18
    historical

    Show marketing remark (237 chars)

    Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

19. 2014-04-18
    listed $15,450 Active 237-char remark

    Show marketing remark (237 chars)

    Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

20. 2014-04-17
    listed $15,450

    Show marketing remark (237 chars)

    Good opportunity to pick up a 3bdrm/1bath brick rowhouse in Baltimore City! Some original detail remains, so bring your fresh ideas and turn this into a dream home! Located close to major commuter routes, commerce, and public land use.

ⓘ 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: $2,421 · $202/mo
• Projected year-2 tax: $2,421 · $202/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 5/10 Major 24% 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: $21,836
• − Mortgage interest: −$8,962
• − Property taxes: −$2,421
• − Insurance: −$800
• − Repairs & maintenance: −$1,747
• − Management: −$1,747
• − Depreciation: −$4,655
• Taxable income: $1,504
• Est. tax owed @ 24.0%: −$361
• After-tax cash flow: $3,600/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

+935.6% since first listed

8 events — show timeline

• 2026-06-16 Price Changed $160,000 FSBO.com
• 2026-05-12 Listed $170,000 FSBO.com
• 2014-06-09 Sold (MLS) $16,000 MRIS
• 2014-06-09 Sold (MLS) $16,000 BRIGHT MLS
• 2014-04-18 Pending — MRIS
• 2014-04-18 Listing Removed — BRIGHT MLS
• 2014-04-18 Listed $15,450 MRIS
• 2014-04-17 Listed $15,450 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2025): $2,421 · +8.6% YoY. Source: county tax records.