2732 Baker St · Baltimore, MD 21216

$124,999

3 bd · 1.0 ba · 1,075 sqft · Townhouse · 34 Days on market

Built 1920 1,033 sqft lot $116/sqft · at area comps Est $127k · at est.

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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 +27.6/30.0
• DSCR +9.7/10.0
• ARV discount +8.3/15.0
• 1% rule +8.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful updated home available in the Coppin Heights Neighborhood! Enjoy nice room sizes, new LVP flooring, fresh paint throughout, new carpet, and great fenced rear patio, perfect for warm weather outdoor living. Don't miss the granite counters in the kitchen! A convenient location, just blocks from Coppin State University and Wilbur H. Waters Park. * * NOTE-Appliances to be installed by 03/08 * *

Key facts

• Built 1920
• Listed 33 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Private sewer
• Home design: Interior townhouse / rowhouse; Fee simple ownership; Major remodel in 2021 (effective year)
• Construction: Brick construction; Block foundation
• Exterior features: Walkout basement with interior access and outside entrance; Basement unfinished; Above-grade finished living area; Doors swing in (accessibility)

Interior

• Kitchen: Built-in microwave; Oven (single); Stove; Refrigerator; Stainless steel appliances
• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom
• Heating & cooling: 90% forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Tub/shower; Dining area; Eat-in kitchen; Skylights; Electric fireplace (1)
• Laundry & utility: Washer and dryer in unit; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.9% 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: 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 fast (+6.1%/yr); 252 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); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $864 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 + 6.1% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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: flood insurance adds $56/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $121,249 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.30% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.85%
• DSCR: 1.57
• GRM: 6.4

CMA / ARV

• ARV (median comp): $127,324
• List price: $124,999
• Delta: -1.83%
• 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
2727 Baker St	0.02mi	3/1.0	1,116 (+4%)	3mo	$125,000	$112	90
2801 Presbury St	0.13mi	3/1.0	1,200 (+12%)	4mo	$60,000	$50	72
2952 Presstman St	0.30mi	3/1.0	980 (-9%)	1mo	$60,000	$61	70
1541 N Pulaski St	0.59mi	3/1.0	1,100 (+2%)	3mo	$115,000	$105	66
2210 Ashburton St	0.45mi	2/1.0 (-1)	1,024 (-5%)	2mo	$90,000	$88	64
907 N Rosedale St	0.68mi	3/1.0	1,088 (+1%)	4mo	$90,000	$83	62
3224 Belmont Ave	0.57mi	3/1.5	1,178 (+10%)	1mo	$77,000	$65	55
1537 N Smallwood St	0.51mi	3/1.5	1,200 (+12%)	3mo	$56,000	$47	52
1218 N Longwood St	0.43mi	4/2.0 (+1)	1,190 (+11%)	2mo	$56,000	$47	51
2305 Poplar Grove St	0.55mi	3/2.0	1,200 (+12%)	2mo	$118,000	$98	50
1707 N Pulaski St	0.59mi	3/2.0	1,200 (+12%)	0mo	$115,000	$96	49
910 N Dukeland St	0.54mi	2/1.0 (-1)	960 (-11%)	4mo	$31,000	$32	49

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: 3.8%
• Equity multiple: 1.15×
• Total profit: $5,383
• Equity at exit: $18,638

10-year hold

• IRR: 16.3%
• Equity multiple: 2.54×
• Total profit: $54,065
• Equity at exit: $10,808

Cash invested: $35,000 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,625 high
• Mortgage (P&I): −$656
• Tax from tax record: −$201 /mo · $2,417/yr
• Insurance: −$52
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $319

Break-even live

Break-even rent $1,221

Max offer price $124,999

Occupancy floor 75%

Sensitivity live

Price	-10% $390	-5% $355	+0% $319	+5% $284	+10% $248
Rent	-10% $191	-5% $255	+0% $319	+5% $383	+10% $448
Rate	-1.0pp $382	-0.5pp $351	base $319	+0.5pp $287	+1.0pp $254

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	25d	1	0.13mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	6d	1	0.27mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	5d	1	0.30mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	46d	1	0.32mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	25d	1	0.32mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	45d	1	0.35mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	871	$1,450	$1.66	0d	1	0.35mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	900	$1,450	$1.61	25d	1	0.35mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	4d	3	0.36mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	5d	1	0.39mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	45d	1	0.43mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	25d	1	0.45mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	25d	1	0.46mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	12d	1	0.46mi
919 Claymont Ave Baltimore, MD	2.0	1.0	1006	$1,342	$1.33	0d	2	0.50mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	45d	1	0.54mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	45d	1	0.57mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	25d	1	0.57mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	45d	1	0.59mi
3017 Poplar Ter Baltimore, MD	2.0	1.0	880	$1,349	$1.53	25d	1	0.60mi
2204 Clifton Ave Baltimore, MD	3.0	1.0	1400	$1,450	$1.04	6d	1	0.61mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	45d	1	0.65mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	45d	1	0.68mi
1930 N Payson St Baltimore, MD	2.0	2.0	980	$1,500	$1.53	25d	1	0.71mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	25d	1	0.72mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	45d	1	0.73mi
1722 N Monroe St Baltimore, MD	3.0	1.5	1000	$1,350	$1.35	25d	1	0.75mi
2601 Fairview Ave Baltimore, MD	2.0	1.0	700	$1,099	$1.57	45d	1	0.79mi
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	25d	1	0.82mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	45d	1	0.83mi
1914 Mosher St Unit 1914 Baltimore, MD	4.0	2.5	1200	$1,700	$1.42	45d	1	0.85mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	25d	1	0.85mi
3407 Elgin Ave Unit 5 Baltimore, MD	2.0	1.0	800	$1,250	$1.56	45d	1	0.86mi
1433 N Fulton Ave Baltimore, MD	2.0	1.0	1200	$1,500	$1.25	45d	1	0.87mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	45d	1	0.87mi
3514 Clifton Ave Baltimore, MD	2.0	1.0	925	$1,199	$1.30	45d	1	0.91mi
3514 Clifton Ave Unit 21 Baltimore, MD	2.0	1.0	925	$1,150	$1.24	45d	1	0.91mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	0.92mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	45d	1	0.92mi
2738 N Longwood St Baltimore, MD	3.0	1.0	1024	$1,399	$1.37	45d	1	0.93mi

Listing history 23 events

1. 2026-06-21
   days on market $124,999 Active 34 DOM
2. 2026-06-18
   days on market $124,999 Active 31 DOM
3. 2026-06-17
   days on market $124,999 Active 30 DOM
4. 2026-06-16
   days on market $124,999 Active 29 DOM
5. 2026-06-15
   days on market $124,999 Active 28 DOM
6. 2026-06-13
   days on market $124,999 Active 26 DOM
7. 2026-06-09
   days on market $124,999 Active 22 DOM
8. 2026-06-08
   days on market $124,999 Active 21 DOM
9. 2026-06-07
   days on market $124,999 Active 20 DOM
10. 2026-06-04
    days on market $124,999 Active 17 DOM
11. 2026-06-03
    days on market $124,999 Active 16 DOM
12. 2026-06-02
    days on market $124,999 Active 15 DOM
13. 2026-06-01
    days on market $124,999 Active 14 DOM
14. 2026-05-31
    days on market $124,999 Active 13 DOM
15. 2026-05-12
    historical $124,999 1507-char remark
16. 2021-04-16
    soldstatus $109,900 Closed 405-char remark

    Show marketing remark (405 chars)

    Beautiful updated home available in the Coppin Heights Neighborhood! Enjoy nice room sizes, new LVP flooring, fresh paint throughout, new carpet, and great fenced rear patio, perfect for warm weather outdoor living. Don't miss the granite counters in the kitchen! A convenient location, just blocks from Coppin State University and Wilbur H. Waters Park. * * NOTE-Appliances to be installed by 03/08 * *

17. 2021-03-12
    status Pending 405-char remark

    Show marketing remark (405 chars)

    Beautiful updated home available in the Coppin Heights Neighborhood! Enjoy nice room sizes, new LVP flooring, fresh paint throughout, new carpet, and great fenced rear patio, perfect for warm weather outdoor living. Don't miss the granite counters in the kitchen! A convenient location, just blocks from Coppin State University and Wilbur H. Waters Park. * * NOTE-Appliances to be installed by 03/08 * *

18. 2021-03-12
    status Active 405-char remark

    Show marketing remark (405 chars)

    Beautiful updated home available in the Coppin Heights Neighborhood! Enjoy nice room sizes, new LVP flooring, fresh paint throughout, new carpet, and great fenced rear patio, perfect for warm weather outdoor living. Don't miss the granite counters in the kitchen! A convenient location, just blocks from Coppin State University and Wilbur H. Waters Park. * * NOTE-Appliances to be installed by 03/08 * *

19. 2021-03-12
    status Pending 405-char remark

    Show marketing remark (405 chars)

    Beautiful updated home available in the Coppin Heights Neighborhood! Enjoy nice room sizes, new LVP flooring, fresh paint throughout, new carpet, and great fenced rear patio, perfect for warm weather outdoor living. Don't miss the granite counters in the kitchen! A convenient location, just blocks from Coppin State University and Wilbur H. Waters Park. * * NOTE-Appliances to be installed by 03/08 * *

20. 2021-03-07
    listed $99,900 Active 405-char remark

    Show marketing remark (405 chars)

    Beautiful updated home available in the Coppin Heights Neighborhood! Enjoy nice room sizes, new LVP flooring, fresh paint throughout, new carpet, and great fenced rear patio, perfect for warm weather outdoor living. Don't miss the granite counters in the kitchen! A convenient location, just blocks from Coppin State University and Wilbur H. Waters Park. * * NOTE-Appliances to be installed by 03/08 * *

21. 1995-12-19
    soldstatus $58,000
22. 1988-12-12
    soldstatus $16,500
23. 1988-09-06
    soldstatus $1,395,099

ⓘ 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: $2,417 · $201/mo
• Projected year-2 tax: $2,417 · $201/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 9/10 Extreme FEMA zone X (unshaded) · 97% 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: $19,499
• − Mortgage interest: −$7,002
• − Property taxes: −$2,417
• − Insurance: −$1,291
• − Repairs & maintenance: −$1,560
• − Management: −$1,560
• − Depreciation: −$3,636
• Taxable income: $2,033
• Est. tax owed @ 24.0%: −$488
• After-tax cash flow: $3,342/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

-91.0% since first listed

10 events — show timeline

• 2026-05-19 Listed $124,999 BRIGHT MLS
• 2026-05-12 Coming Soon $124,999 BRIGHT MLS
• 2021-04-16 Sold (MLS) $109,900 BRIGHT MLS
• 2021-03-12 Pending — BRIGHT MLS
• 2021-03-12 Relisted — BRIGHT MLS
• 2021-03-12 Pending — BRIGHT MLS
• 2021-03-07 Listed $99,900 BRIGHT MLS
• 1995-12-19 Sold (Public Records) $58,000 Public Records
• 1988-12-12 Sold (Public Records) $16,500 Public Records
• 1988-09-06 Sold (Public Records) $1,395,099 Public Records

Property tax history

+8.0%/yr

Latest (2025): $2,417 · +27.7% YoY. Source: county tax records.