2050 Linden Unit B · Baltimore, MD 21217

$100,000

2 bd · 1.0 ba · 1,410 sqft · Condo public records · 37 Days on market

Built 1900 $71/sqft · 49% below area Est $197k · 49% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Key facts

• Built 1900
• Listed 37 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Garden-style building (1–4 floors); Penthouse unit; Entry floor number: 1
• Construction: Brick construction; Above-grade structures; Year built reported as estimated
• Exterior features: Property is in city limits; No tidal water

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom (one full on main level)
• Heating & cooling: 90% forced air heating; Electric heating fuel; Electric hot water
• Interior features: Partially finished basement; Living area reported from assessor
• Laundry & utility: Washer/dryer hookup in unit

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $644 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.0% 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 (+6.6%/yr); 331 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); 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).
• At $1,672/mo this rent would consume 52% of the median local household income ($38k/yr) (locally 2921% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 + 6.6% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 3y 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 $32k; list at $100k implies a 210% 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 $97,000 (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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.67% ✓
• Cap rate: 14.02%
• Cash-on-cash: 27.61%
• DSCR: 2.23
• GRM: 5.0

CMA / ARV

• ARV (median comp): $197,096
• List price: $100,000
• Delta: -49.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.63% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 2.11×
• Total profit: $31,178
• Equity at exit: $14,910

10-year hold

• IRR: 35.5%
• Equity multiple: 4.86×
• Total profit: $108,044
• Equity at exit: $8,646

Cash invested: $28,000 (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 21217

• Rents YoY: 6.6%
• Active inventory: 331
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,672 high
• Mortgage (P&I): −$524
• Tax from tax record: −$110 /mo · $1,325/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $644

Break-even live

Break-even rent $856

Max offer price $100,000

Occupancy floor 56%

Sensitivity live

Price	-10% $701	-5% $673	+0% $644	+5% $616	+10% $588
Rent	-10% $512	-5% $578	+0% $644	+5% $710	+10% $776
Rate	-1.0pp $695	-0.5pp $670	base $644	+0.5pp $618	+1.0pp $592

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2202 Brookfield Ave Baltimore, MD	2.0	1.0	980	$1,600	$1.63	44d	1	0.08mi
2339 Eutaw Pl Ste 1 Baltimore, MD	2.0	1.0	1300	$1,275	$0.98	44d	1	0.12mi
823 Newington Ave Unit 1 Baltimore, MD	2.0	1.0	913	$1,700	$1.86	18d	1	0.12mi
2401 Brookfield Ave Baltimore, MD	2.0–3.0	1.0–2.0	1102	$1,500	$1.36	24d	3	0.18mi
815 Lennox St Baltimore, MD	3.0	3.5	1600	$2,790	$1.74	24d	1	0.19mi
2407 Brookfield Ave Unit 4 Baltimore, MD	2.0	2.0	1300	$1,550	$1.19	44d	1	0.20mi
750 Reservoir St Unit B Baltimore, MD	2.0	2.0	900	$1,850	$2.06	44d	1	0.20mi
750 Reservoir St Unit A Baltimore, MD	2.0	1.0	900	$1,650	$1.83	44d	1	0.20mi
2402 Lakeview Ave Apt 2 Baltimore, MD	2.0	1.0	900	$1,250	$1.39	13d	1	0.21mi
2317 Callow Ave Unit B Baltimore, MD	1.0	1.0	1000	$1,500	$1.50	44d	1	0.21mi
2317 Callow Ave Unit E Baltimore, MD	1.0	1.0	1100	$1,600	$1.45	44d	1	0.21mi
2037 McCulloh St Unit 3 Baltimore, MD	2.0	2.0	937	$1,650	$1.76	18d	1	0.23mi
1205 Clendenin St Baltimore, MD	3.0	1.5	1560	$800	$0.51	24d	1	0.23mi
1121 Whitelock St Baltimore, MD	2.0	1.0	1180	$1,300	$1.10	44d	1	0.24mi
2143 Druid Hill Ave Unit 2 Baltimore, MD	2.0	1.0	915	$1,400	$1.53	44d	1	0.25mi
1829 Eutaw Pl Unit B Baltimore, MD	2.0	2.0	1278	$2,100	$1.64	5d	1	0.26mi
734 Watts St Baltimore, MD	3.0	3.5	1720	$2,900	$1.69	44d	1	0.26mi
1931 McCulloh St Unit 1 Baltimore, MD	3.0	1.0	1000	$1,500	$1.50	44d	1	0.27mi
2438 Callow Ave Baltimore, MD	2.0	2.0	950	$1,462	$1.54	24d	1	0.27mi
2444 Callow Ave Unit B Baltimore, MD	2.0	1.0	980	$1,362	$1.39	5d	1	0.29mi
2511 Madison Ave #2 Baltimore, MD	3.0	1.0	1100	$1,650	$1.50	44d	1	0.29mi
810 Brooks Ln Unit 2 Baltimore, MD	3.0	1.0	900	$1,350	$1.50	20d	1	0.29mi
2028 Druid Hill Ave Unit 1 Baltimore, MD	3.0	2.5	1437	$1,750	$1.22	3d	1	0.30mi
2028 Druid Hill Ave Baltimore, MD	3.0	2.5	1437	$1,799	$1.25	11d	1	0.30mi
1920 McCulloh St Apt 2 Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	44d	1	0.31mi
2433 Druid Hill Ave Baltimore, MD	2.0	2.5	1092	$1,999	$1.83	44d	1	0.31mi
2449 Druid Hill Ave Baltimore, MD	2.0	1.0	1100	$1,800	$1.64	44d	1	0.32mi
206 Laurens St Unit 1 Baltimore, MD	1.0	1.0	1000	$1,400	$1.40	44d	1	0.34mi
2409 Francis St Baltimore, MD	3.0	1.0	1298	$1,500	$1.16	44d	1	0.35mi
1722 Bolton St Unit 3 Baltimore, MD	2.0	1.0	942	$1,600	$1.70	5d	1	0.36mi
1714 Park Ave #202 Baltimore, MD	2.0	2.0	1000	$1,800	$1.80	24d	1	0.36mi
1729 Park Ave Unit 4 Baltimore, MD	2.0	2.0	900	$1,725	$1.92	5d	1	0.37mi
519 Sanford Pl Baltimore, MD	3.0	1.0	1300	$1,650	$1.27	16d	1	0.39mi
1507 Retreat St Unit 1 Baltimore, MD	3.0	3.0	1098	$2,500	$2.28	44d	1	0.44mi
1515 Retreat St Baltimore, MD	3.0	2.0	1098	$1,800	$1.64	24d	1	0.45mi
1518 Park Ave Baltimore, MD	1.0	1.0	1100	$1,725	$1.57	24d	1	0.51mi
1506 Madison Ave Unit 1 Baltimore, MD	1.0	1.0	1300	$1,400	$1.08	3d	1	0.55mi
2614 Pennsylvania Ave Baltimore, MD	1.0–3.0	1.0–2.0	982	$876	$0.89	5d	4	0.57mi
1614 N Calhoun St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	0.58mi
1427 Bolton St Unit 2 Baltimore, MD	2.0	2.0	1802	$3,600	$2.00	5d	1	0.58mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-13
   statusdays on market $100,000 Pending 37 DOM
2. 2026-06-09
   days on market $100,000 Active 36 DOM
3. 2026-06-08
   days on market $100,000 Active 35 DOM
4. 2026-06-07
   days on market $100,000 Active 34 DOM
5. 2026-06-04
   days on market $100,000 Active 31 DOM
6. 2026-06-03
   days on market $100,000 Active 30 DOM
7. 2026-06-02
   days on market $100,000 Active 29 DOM
8. 2026-06-01
   days on market $100,000 Active 28 DOM
9. 2026-05-31
   days on market $100,000 Active 27 DOM
10. 2026-05-05
    listed $100,000 Active 898-char remark
11. 2026-05-04
    historical $100,000 898-char remark
12. 2026-01-21
    historical
13. 2025-10-17
    historical Active Under Contract
14. 2025-10-02
    listed $85,000 Active
15. 2025-10-01
    historical
16. 2025-04-10
    status Active
17. 2025-03-19
    historical Active Under Contract
18. 2025-03-12
    listed $85,000 Active
19. 2025-03-12
    historical
20. 2025-02-10
    price $85,000
21. 2025-02-10
    status Active
22. 2025-01-21
    historical
23. 2024-09-16
    listed $75,000 Active
24. 2024-09-15
    historical
25. 2024-08-13
    status Active
26. 2024-05-06
    historical
27. 2024-05-06
    listed $75,000 Active
28. 2024-04-15
    historical
29. 2024-01-28
    historical
30. 2023-10-20
    listed $75,000 Active
31. 2023-10-05
    historical
32. 1984-07-20
    soldstatus $32,225

ⓘ 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: $1,325 · $110/mo
• Projected year-2 tax: $1,325 · $110/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 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,063
• − Mortgage interest: −$5,602
• − Property taxes: −$1,325
• − Insurance: −$500
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − Depreciation: −$2,909
• Taxable income: $6,517
• Est. tax owed @ 24.0%: −$1,564
• After-tax cash flow: $6,168/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): 30,792
• Household income: $38,409
• Rent vs Own: 70.0% rent · 30.0% own
• Severe rent burden: 2921.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 1% Chinese 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: ▼ -187.20%
• Current HPI: 104.2102
• Rent YoY: ▲ 6.63%
• 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

+210.3% since first listed

24 events — show timeline

• 2026-06-11 Pending — BRIGHT MLS
• 2026-05-05 Listed $100,000 BRIGHT MLS
• 2026-05-04 Coming Soon $100,000 BRIGHT MLS
• 2026-01-21 Listing Removed — BRIGHT MLS
• 2025-10-17 Contingent — BRIGHT MLS
• 2025-10-02 Listed $85,000 BRIGHT MLS
• 2025-10-01 Listing Removed — BRIGHT MLS
• 2025-04-10 Relisted — BRIGHT MLS
• 2025-03-19 Contingent — BRIGHT MLS
• 2025-03-12 Listing Removed — BRIGHT MLS
• 2025-03-12 Listed $85,000 BRIGHT MLS
• 2025-02-10 Price Changed $85,000 BRIGHT MLS
• 2025-02-10 Relisted — BRIGHT MLS
• 2025-01-21 Listing Removed — BRIGHT MLS
• 2024-09-16 Listed $75,000 BRIGHT MLS
• 2024-09-15 Listing Removed — BRIGHT MLS
• 2024-08-13 Relisted — BRIGHT MLS
• 2024-05-06 Listing Removed — BRIGHT MLS
• 2024-05-06 Listed $75,000 BRIGHT MLS
• 2024-04-15 Coming Soon — BRIGHT MLS
• 2024-01-28 Listing Removed — BRIGHT MLS
• 2023-10-20 Listed $75,000 BRIGHT MLS
• 2023-10-05 Coming Soon — BRIGHT MLS
• 1984-07-20 Sold (Public Records) $32,225 Public Records

Property tax history

-0.7%/yr

Latest (2025): $1,325 · +0.0% YoY. Source: county tax records.