272 S Loudon Ave · Baltimore, MD 21229

$209,999

4 bd · 1.0 ba · 1,352 sqft · Townhouse public records · 79 Days on market

Built 1920 1.00 ac lot Est $199k · 6% over

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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 +18.0/30.0
• DSCR +5.6/10.0
• ARV discount +5.0/15.0
• 1% rule +4.4/10.0
• 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

Recently APPRAISED at or above list price! Back on the market and the perfect opportunity to purchase this Beautifully Updated 4-Bedroom Townhouse in Baltimore's Irvington Neighborhood Discover this spacious 4-bedroom, 2.5 bathroom townhouse offering approximately 2,300sf of well-appointed living space in the desirable Irvington community. This residence has been thoughtfully refreshed with new flooring throughout most of the home and fresh interior paint from top to bottom, creating a bright and inviting atmosphere. The main level features a comfortable living area that flows seamlessly into a versatile dining space and kitchen, ideal for both everyday living and entertaining. Upstairs, f

Key facts

• Paved patio
• Two-car driveway
• Updated townhouse

Tags

• UPDATED TOWNHOUSE
• PAVED PATIO
• FULLY FENCED BACKYARD
• STORAGE SHED
• TWO-CAR DRIVEWAY
• QUIET RESIDENTIAL STREET

Property features AI

Exterior

• Parking: Driveway parking for two vehicles; Two total garage/parking spaces; Off-street parking available
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: End of row/townhouse; Above-grade living space (estimated finished area); Ownership: Fee simple
• Construction: Brick construction; Stone foundation; Daylight, partial, unfinished basement with interior access
• Exterior features: Patio(s) and porch(es); Flood lights; Gutter system; End unit townhouse setting

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Two bedrooms on the first upper level; Two bedrooms on the second upper level; Master bedroom with attached master bathroom
• Bathrooms: Two full bathrooms (both on upper levels); One half bathroom on the main level
• Heating & cooling: Forced air heating with natural gas; Programmable thermostat; Ceiling fans and window units for cooling; Hot water provided by natural gas
• Interior features: Living areas include a family room, dining room and an office; One fireplace
• Laundry & utility: Main-floor laundry with hookups; Utility room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $210k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/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 $197k (6.2% below list).
• Recommended offer: $197k (6.2% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 6.0% in Baltimore — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 24d 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 39% 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 $6k 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 79 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 22y 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 $37k; list at $210k implies a 464% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $196,938 (6.2% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
8. 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.
9. 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.
10. 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: 0.94% ✗
• Cap rate: 7.33%
• Cash-on-cash: 3.69%
• DSCR: 1.16
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $198,744
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 S Morley St S	0.37mi	3/1.5 (-1)	1,350 (-0%)	2mo	$70,000	$52	73
156 S Hilton St	0.54mi	4/1.5	1,320 (-2%)	2mo	$195,000	$148	67
101 Upmanor Rd	0.57mi	3/1.0 (-1)	1,408 (+4%)	1mo	$205,000	$146	61
542 Lucia Ave	0.73mi	3/2.0 (-1)	1,344 (-1%)	1mo	$205,000	$153	55
28 S Bernice Ave	0.70mi	3/1.0 (-1)	1,280 (-5%)	1mo	$147,000	$115	53
4420 Parkton St	0.54mi	3/2.0 (-1)	1,450 (+7%)	1mo	$140,000	$97	53
748 Bethnal Rd	0.72mi	3/1.5 (-1)	1,408 (+4%)	2mo	$183,000	$130	51
4516 Pen Lucy Rd	0.68mi	3/2.0 (-1)	1,416 (+5%)	2mo	$205,000	$145	50
48 Hillvale Rd	0.59mi	3/1.5 (-1)	1,224 (-10%)	2mo	$180,000	$147	48
40 Hillvale Rd	0.58mi	3/2.0 (-1)	1,224 (-10%)	1mo	$230,000	$188	47
300 Denison St	0.73mi	3/2.0 (-1)	1,260 (-7%)	2mo	$205,000	$163	44
3424 Wilkens Ave	0.74mi	3/2.5 (-1)	1,280 (-5%)	2mo	$207,000	$162	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: -8.0%
• Equity multiple: 0.70×
• Total profit: $-17,696
• Equity at exit: $31,312

10-year hold

• IRR: 4.3%
• Equity multiple: 1.34×
• Total profit: $20,160
• Equity at exit: $18,157

Cash invested: $58,800 (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: 8.9×

Monthly cashflow live

• Estimated rent: $1,969 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$186 /mo · $2,234/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $181

Break-even live

Break-even rent $1,740

Max offer price $209,999

Occupancy floor 86%

Sensitivity live

Price	-10% $300	-5% $240	+0% $181	+5% $121	+10% $62
Rent	-10% $25	-5% $103	+0% $181	+5% $259	+10% $336
Rate	-1.0pp $287	-0.5pp $234	base $181	+0.5pp $126	+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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	44d	1	0.08mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	44d	1	0.11mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	24d	1	0.13mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	44d	1	0.19mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	44d	1	0.40mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	0.55mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	44d	1	0.60mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	24d	1	0.61mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	24d	1	0.62mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	5d	1	0.63mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	24d	1	0.67mi
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	16d	1	0.67mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	44d	1	0.68mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	0.69mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	44d	1	0.70mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	20d	1	0.71mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	24d	1	0.71mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	11d	1	0.71mi
586 Lucia Ave Baltimore, MD	3.0	1.5	1178	$2,100	$1.78	18d	1	0.78mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	5d	1	0.79mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	24d	1	0.80mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,500	$1.84	3d	2	0.83mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	44d	1	0.85mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	44d	1	0.87mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	13d	1	0.90mi
501 Hazlett Ave Baltimore, MD	2.0–3.0	1.5–2.0	1044	$1,879	$1.80	2d	8	0.90mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	0.94mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	44d	1	0.95mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	24d	1	0.97mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	24d	1	1.02mi
5147 Frederick Ave Baltimore, MD	3.0	2.0	1216	$1,950	$1.60	4d	1	1.02mi
670 Queensgate Rd Baltimore, MD	3.0	2.0	1600	$2,100	$1.31	5d	1	1.08mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	44d	1	1.11mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	24d	1	1.11mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	2d	1	1.12mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	24d	1	1.13mi
2738 Wilkens Ave Baltimore, MD	3.0	1.0	1183	$1,500	$1.27	44d	1	1.22mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	44d	1	1.24mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	44d	1	1.24mi
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	5d	1	1.24mi

Listing history 39 events

1. 2026-06-18
   days on market $209,999 Active 79 DOM
2. 2026-06-17
   days on market $209,999 Active 78 DOM
3. 2026-06-16
   days on market $209,999 Active 77 DOM
4. 2026-06-15
   days on market $209,999 Active 76 DOM
5. 2026-06-13
   days on market $209,999 Active 74 DOM
6. 2026-06-09
   days on market $209,999 Active 70 DOM
7. 2026-06-08
   days on market $209,999 Active 69 DOM
8. 2026-06-07
   days on market $209,999 Active 68 DOM
9. 2026-06-04
   days on market $209,999 Active 65 DOM
10. 2026-06-03
    days on market $209,999 Active 64 DOM
11. 2026-06-02
    days on market $209,999 Active 63 DOM
12. 2026-06-01
    days on market $209,999 Active 62 DOM
13. 2026-05-31
    days on market $209,999 Active 61 DOM
14. 2026-05-18
    status Active
15. 2026-04-30
    historical
16. 2026-03-10
    historical Active Under Contract
17. 2026-03-04
    status Active
18. 2026-02-19
    historical Active Under Contract
19. 2026-01-08
    listed $209,999 Active
20. 2012-06-11
    historical Withdrawn
21. 2012-06-11
    historical
22. 2012-01-09
    status Active
23. 2012-01-01
    historical Expired
24. 2011-11-14
    price
25. 2011-10-31
    listed Active
26. 2011-10-31
    listed $34,900
27. 2010-08-01
    historical Expired
28. 2010-08-01
    historical
29. 2010-06-21
    price
30. 2010-01-29
    price
31. 2009-11-23
    price
32. 2009-10-23
    price
33. 2009-08-17
    listed Active
34. 2009-08-17
    listed $55,000
35. 2004-06-18
    soldstatus $37,225
36. 2004-06-09
    historical
37. 2004-04-10
    listed $39,900
38. 1992-01-20
    soldstatus $9,500
39. 1981-09-14
    soldstatus $29,900

ⓘ 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: $2,234 · $186/mo
• Projected year-2 tax: $2,261 · $188/mo
• Expected delta: +$28/yr (+$2/mo · 1.2%)

ⓘ 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: $23,633
• − Mortgage interest: −$11,763
• − Property taxes: −$2,234
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,891
• − Management: −$1,891
• − Depreciation: −$6,109
• Taxable loss: −$1,305
• Est. tax savings @ 24.0%: +$313
• After-tax cash flow: $2,484/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

+602.3% since first listed

26 events — show timeline

• 2026-05-18 Relisted — BRIGHT MLS
• 2026-04-30 Listing Removed — BRIGHT MLS
• 2026-03-10 Contingent — BRIGHT MLS
• 2026-03-04 Relisted — BRIGHT MLS
• 2026-02-19 Contingent — BRIGHT MLS
• 2026-01-08 Listed $209,999 BRIGHT MLS
• 2012-06-11 Delisted — MRIS
• 2012-06-11 Listing Removed — BRIGHT MLS
• 2012-01-09 Relisted — MRIS
• 2012-01-01 Delisted — MRIS
• 2011-11-14 Price Changed — MRIS
• 2011-10-31 Listed — MRIS
• 2011-10-31 Listed $34,900 BRIGHT MLS
• 2010-08-01 Delisted — MRIS
• 2010-08-01 Listing Removed — BRIGHT MLS
• 2010-06-21 Price Changed — MRIS
• 2010-01-29 Price Changed — MRIS
• 2009-11-23 Price Changed — MRIS
• 2009-10-23 Price Changed — MRIS
• 2009-08-17 Listed — MRIS
• 2009-08-17 Listed $55,000 BRIGHT MLS
• 2004-06-18 Sold (MLS) $37,225 MRIS
• 2004-06-09 Delisted — MRIS
• 2004-04-10 Listed $39,900 MRIS
• 1992-01-20 Sold (Public Records) $9,500 Public Records
• 1981-09-14 Sold (Public Records) $29,900 Public Records

Property tax history

+1.9%/yr

Latest (2025): $2,234 · +9.3% YoY. Source: county tax records.