2349 Annapolis Rd · Baltimore, MD
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $755 – $1,403
Heat risk 7/10 · Major
- Hot days now (above 102°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
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 +11.8/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +3.8/5.0
- Condition / age +2.5/5.0
- Rent growth +2.2/5.0
- Schools +1.0/10.0
- Appreciation +0.0/10.0
$55,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This rare investment opportunity is located in the heart of Westport’s massive revitalization. Situated just one block from the Patapsco River waterfront, this property is directly adjacent to the ONE Westport master-planned development—a $400 million project transforming 43 acres into a premier destination for luxury townhomes, parks, and retail. The Opportunity: A True Blank Canvas. This house requires a total gut rehab, offering the ultimate project for an investor or a visionary homeowner looking to build equity in one of Baltimore’s fastest-growing corridors. Prime Location: One block from the water and the upcoming waterfront promenade and Wenburn Park. HOLD HARMLESS REQUIRED TO ENTER.
Key facts
- Total gut rehab
- Built 1920
- Listed 114 days
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath townhouse listed at $55k.
Deal economics
- At list price, monthly cash flow is $1k ($16k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $55k).
- Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
- Cap rate 34.5% 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 soft (-1.0%/yr); 362 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 $380 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.
Negotiation context
- It's been on market 114 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 16y ago; this cycle's ask has dropped $20k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $15k; list at $55k implies a 267% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: property tax is 2.6% of price; built in 1920 — 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.
Questions for the listing agent
- It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 3.97% ✓
- Cap rate
- 34.52%
- Cash-on-cash
- 100.80%
- DSCR
- 5.48
- GRM
- 2.1
CMA / ARV
- ARV (median comp)
- $60,774
- List price
- $55,000
- Delta
- -9.50%
- 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 |
|---|---|---|---|---|---|---|---|
| 2318 Sidney Ave | 0.05mi | 3/1.0 | 1,120 (0%) | 2mo | $72,500 | $65 | 96 |
| 2316 Cedley St | 0.08mi | 3/2.0 | 1,144 (+2%) | 4mo | $140,000 | $122 | 85 |
| 2405 Westport St | 0.10mi | 2/2.0 (-1) | 1,200 (+7%) | 0mo | $75,000 | $63 | 74 |
| 2113 Sidney Ave | 0.21mi | 3/1.0 | 1,260 (+12%) | 2mo | $72,500 | $58 | 68 |
| 2521 S Paca St | 0.59mi | 3/1.5 | 1,152 (+3%) | 1mo | $30,000 | $26 | 65 |
| 2630 Alaska St | 0.26mi | 3/1.5 | 1,008 (-10%) | 7mo | $85,000 | $84 | 63 |
| 2625 Waterview Ave | 0.29mi | 3/1.0 | 1,260 (+12%) | 6mo | $94,200 | $75 | 61 |
| 2619 Northshire Dr | 0.59mi | 3/1.0 | 1,024 (-9%) | 2mo | $145,000 | $142 | 56 |
| 2439 Ridgely St | 0.52mi | 4/2.5 (+1) | 1,152 (+3%) | 4mo | $222,000 | $193 | 56 |
| 2628 Northshire Dr | 0.60mi | 3/1.0 | 1,024 (-9%) | 4mo | $175,000 | $171 | 54 |
| 2639 Northshire Dr | 0.58mi | 3/2.0 | 1,024 (-9%) | 5mo | $120,000 | $117 | 51 |
| 2839 Hinsdale Dr | 0.69mi | 3/1.0 | 1,024 (-9%) | 4mo | $152,000 | $148 | 50 |
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 · 0.0% rent growth · sell at horizon
- IRR
- 98.4%
- Equity multiple
- 5.36×
- Total profit
- $67,140
- Equity at exit
- $8,201
- IRR
- —
- Equity multiple
- 10.10×
- Total profit
- $140,081
- Equity at exit
- $4,755
Cash invested: $15,400 (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
ZIP-level market 21230
- Rents YoY
- -1.0%
- Active inventory
- 362
- Price-to-rent
- 2.1×
Monthly cashflow live
- Estimated rent
- $2,184 high interval (Pro) →
- Mortgage (P&I)
- −$288
- Tax from tax record
- −$120 /mo · $1,444/yr
- Insurance
- −$23
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$459
- Net cashflow
- $1,294
Break-even live
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
- $13,750
- Closing costs
- $1,650
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2056 Griffis Ave Baltimore, MD | 3.0 | 1.5 | 1230 | $1,495 | $1.22 | 21d | 1 | 0.84mi |
| 2454 Terra Firma Rd Brooklyn, MD | 3.0 | 1.0 | 1024 | $1,650 | $1.61 | 14d | 1 | 0.86mi |
| 607 Cheraton Rd Brooklyn, MD | 3.0 | 3.0 | 1200 | $1,750 | $1.46 | 14d | 1 | 0.91mi |
| 1931 Griffis Ave Baltimore, MD | 2.0 | 1.0 | 912 | $1,349 | $1.48 | 4d | 1 | 0.95mi |
| 2200 W Patapsco Ave Baltimore, MD | 3.0 | 1.0 | 890 | $1,569 | $1.76 | 43d | 1 | 0.97mi |
| 3004 Elizabeth Ave Unit 1 Baltimore, MD | 3.0 | 1.0 | 1024 | $1,395 | $1.36 | 4d | 1 | 1.03mi |
| 2745 Round Rd Brooklyn, MD | 2.0 | 2.0 | 756 | $1,800 | $2.38 | 43d | 1 | 1.05mi |
| 3017 Janice Ave Baltimore, MD | 3.0 | 1.0 | 1024 | $1,995 | $1.95 | 23d | 1 | 1.06mi |
| 2868 Potee St Baltimore, MD | 1.0–3.0 | 1.0 | 720 | $1,599 | $2.22 | 2d | 22 | 1.07mi |
| 1900 S Hanover St Baltimore, MD | 3.0 | 1.0–2.0 | 875 | $3,932 | $4.49 | 1d | 66 | 1.09mi |
| 111 W Heath St Baltimore, MD | 2.0 | 1.0–2.5 | 1263 | $2,850 | $2.26 | 3d | 7 | 1.10mi |
| 2500 Insulator Dr Baltimore, MD | 3.0 | 1.0–2.0 | 988 | $4,786 | $4.84 | 2d | 152 | 1.10mi |
| 1746 S Hanover St Baltimore, MD | 3.0 | 2.0 | 1490 | $2,700 | $1.81 | 10d | 1 | 1.13mi |
| 1432 Carroll St Baltimore, MD | 2.0 | 1.5 | 912 | $1,900 | $2.08 | 43d | 1 | 1.13mi |
| 2600 W Patapsco Ave Baltimore, MD | 1.0–2.0 | 1.0 | 856 | $1,309 | $1.53 | 2d | 24 | 1.14mi |
| 1718 S Hanover St Baltimore, MD | 2.0 | 2.5 | 1296 | $2,700 | $2.08 | 23d | 1 | 1.14mi |
| 1516 Clarkson St Baltimore, MD | 2.0 | 1.5 | 1050 | $1,795 | $1.71 | 23d | 1 | 1.18mi |
| 1608 S Hanover St Baltimore, MD | 3.0 | 3.5 | 1346 | $3,000 | $2.23 | 17d | 1 | 1.19mi |
| 1839 S Charles St Baltimore, MD | 3.0 | 2.5 | 1238 | $2,600 | $2.10 | 43d | 1 | 1.19mi |
| 1815 S Charles St Baltimore, MD | 2.0 | 2.0 | 1208 | $2,100 | $1.74 | 43d | 1 | 1.20mi |
| 1403 Race St Baltimore, MD | 3.0 | 3.0 | 1008 | $2,200 | $2.18 | 43d | 1 | 1.21mi |
| 1601 S Hanover St Apt 1R Baltimore, MD | 2.0 | 1.0 | 900 | $1,600 | $1.78 | 2d | 1 | 1.21mi |
| 1942 Light St Baltimore, MD | 2.0 | 2.5 | 1150 | $2,200 | $1.91 | 21d | 1 | 1.23mi |
| 1125 Wicomico St Baltimore, MD | 3.0 | 3.0 | 1068 | $1,955 | $1.83 | 23d | 1 | 1.23mi |
| 1108 Sterrett St Baltimore, MD | 2.0 | 1.0 | 1400 | $2,300 | $1.64 | 23d | 1 | 1.24mi |
| 1631 S Charles St Baltimore, MD | 2.0 | 3.0 | 1460 | $2,607 | $1.79 | 4d | 1 | 1.24mi |
| 126 Burnett St Baltimore, MD | 2.0 | 2.5 | 984 | $2,200 | $2.24 | 23d | 1 | 1.25mi |
| 1205 Cleveland St Baltimore, MD | 2.0 | 2.0 | 1232 | $1,900 | $1.54 | 43d | 1 | 1.25mi |
| 1703 Patapsco St Baltimore, MD | 4.0 | 4.5 | 960 | $3,000 | $3.12 | 23d | 1 | 1.27mi |
| 8 E Randall St Baltimore, MD | 2.0 | 2.5 | 1148 | $2,600 | $2.26 | 4d | 1 | 1.29mi |
| 1710 Marshall St Baltimore, MD | 2.0 | 1.0 | 1110 | $2,500 | $2.25 | 43d | 1 | 1.29mi |
| 511 Seagull Ave Brooklyn, MD | 2.0 | 1.0 | 756 | $1,550 | $2.05 | 23d | 1 | 1.30mi |
| 1503 S Charles St Unit 2 Baltimore, MD | 2.0 | 2.0 | 1100 | $2,375 | $2.16 | 43d | 1 | 1.30mi |
| 1259 Washington Blvd Baltimore, MD | 3.0 | 3.0 | 1232 | $2,999 | $2.43 | 4d | 1 | 1.30mi |
| 1312 S Hanover St Apt 3 Baltimore, MD | 2.0 | 1.0 | 750 | $2,200 | $2.93 | 43d | 1 | 1.30mi |
| 49 E Heath St Baltimore, MD | 2.0 | 1.5 | 858 | $1,800 | $2.10 | 11d | 1 | 1.30mi |
| 1243 Washington Blvd Baltimore, MD | 3.0 | 2.0 | 1148 | $1,950 | $1.70 | 43d | 1 | 1.31mi |
| 1127 S Carey St Baltimore, MD | 3.0 | 2.5 | 1340 | $1,900 | $1.42 | 4d | 1 | 1.31mi |
| 130 Reedbird Ave Brooklyn, MD | 2.0 | 1.0 | 1152 | $1,700 | $1.48 | 23d | 1 | 1.31mi |
| 1132 Nanticoke St Baltimore, MD | 2.0 | 2.5 | 1500 | $1,875 | $1.25 | 23d | 1 | 1.32mi |
Listing history 39 events
-
2026-06-18days on market $55,000 Active 114 DOM
-
2026-06-17days on market $55,000 Active 113 DOM
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2026-06-16days on market $55,000 Active 112 DOM
-
2026-06-15days on market $55,000 Active 111 DOM
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2026-06-13days on market $55,000 Active 109 DOM
-
2026-06-09days on market $55,000 Active 105 DOM
-
2026-06-08days on market $55,000 Active 104 DOM
-
2026-06-07days on market $55,000 Active 103 DOM
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2026-06-04days on market $55,000 Active 100 DOM
-
2026-06-03days on market $55,000 Active 99 DOM
-
2026-06-02days on market $55,000 Active 98 DOM
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2026-06-01days on market $55,000 Active 97 DOM
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2026-05-31days on market $55,000 Active 96 DOM
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2026-04-17status Active 718-char remark
Show marketing remark (718 chars)
This rare investment opportunity is located in the heart of Westport’s massive revitalization. Situated just one block from the Patapsco River waterfront, this property is directly adjacent to the ONE Westport master-planned development—a $400 million project transforming 43 acres into a premier destination for luxury townhomes, parks, and retail. The Opportunity: A True Blank Canvas. This house requires a total gut rehab, offering the ultimate project for an investor or a visionary homeowner looking to build equity in one of Baltimore’s fastest-growing corridors. Prime Location: One block from the water and the upcoming waterfront promenade and Wenburn Park. HOLD HARMLESS REQUIRED TO ENTER.
-
2026-03-18price $55,000 718-char remark
Show marketing remark (718 chars)
This rare investment opportunity is located in the heart of Westport’s massive revitalization. Situated just one block from the Patapsco River waterfront, this property is directly adjacent to the ONE Westport master-planned development—a $400 million project transforming 43 acres into a premier destination for luxury townhomes, parks, and retail. The Opportunity: A True Blank Canvas. This house requires a total gut rehab, offering the ultimate project for an investor or a visionary homeowner looking to build equity in one of Baltimore’s fastest-growing corridors. Prime Location: One block from the water and the upcoming waterfront promenade and Wenburn Park. HOLD HARMLESS REQUIRED TO ENTER.
-
2026-03-18historical 718-char remark
Show marketing remark (718 chars)
This rare investment opportunity is located in the heart of Westport’s massive revitalization. Situated just one block from the Patapsco River waterfront, this property is directly adjacent to the ONE Westport master-planned development—a $400 million project transforming 43 acres into a premier destination for luxury townhomes, parks, and retail. The Opportunity: A True Blank Canvas. This house requires a total gut rehab, offering the ultimate project for an investor or a visionary homeowner looking to build equity in one of Baltimore’s fastest-growing corridors. Prime Location: One block from the water and the upcoming waterfront promenade and Wenburn Park. HOLD HARMLESS REQUIRED TO ENTER.
-
2026-02-10price $65,000 718-char remark
Show marketing remark (718 chars)
This rare investment opportunity is located in the heart of Westport’s massive revitalization. Situated just one block from the Patapsco River waterfront, this property is directly adjacent to the ONE Westport master-planned development—a $400 million project transforming 43 acres into a premier destination for luxury townhomes, parks, and retail. The Opportunity: A True Blank Canvas. This house requires a total gut rehab, offering the ultimate project for an investor or a visionary homeowner looking to build equity in one of Baltimore’s fastest-growing corridors. Prime Location: One block from the water and the upcoming waterfront promenade and Wenburn Park. HOLD HARMLESS REQUIRED TO ENTER.
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2026-01-25$75,000 Active 718-char remark
Show marketing remark (718 chars)
This rare investment opportunity is located in the heart of Westport’s massive revitalization. Situated just one block from the Patapsco River waterfront, this property is directly adjacent to the ONE Westport master-planned development—a $400 million project transforming 43 acres into a premier destination for luxury townhomes, parks, and retail. The Opportunity: A True Blank Canvas. This house requires a total gut rehab, offering the ultimate project for an investor or a visionary homeowner looking to build equity in one of Baltimore’s fastest-growing corridors. Prime Location: One block from the water and the upcoming waterfront promenade and Wenburn Park. HOLD HARMLESS REQUIRED TO ENTER.
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2014-02-21historical 304-char remark
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2014-02-20soldstatus $15,000 Sold 304-char remark
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2014-02-20soldstatus $15,000
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2014-01-31status Contract 304-char remark
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2014-01-31historical
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2013-12-11price $15,000 304-char remark
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2013-11-16$17,900 Active 304-char remark
Show marketing remark (304 chars)
3 BR--1 BA townhome located in area within a long walk to new gambling casino and Federal Hill. Needs rehab but has great bones. Nice front porch and good curb appeal. Full basement with nice rear yard. Sold as is. Seller will make no repairs. Ground rent to be verified by buyer. Seller will not redeem.
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2013-11-15$15,000
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2011-10-04historical Withdrawn
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2011-10-04historical
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2011-07-12price
-
2011-06-17price
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2011-06-16Active
-
2011-06-16$49,900
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2010-06-07historical Withdrawn
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2010-06-07historical
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2010-05-25price
-
2010-05-25price
-
2010-03-29price
-
2010-01-15Active
-
2010-01-15$75,500
ⓘ 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
- $1,444 · $120/mo
- Projected year-2 tax
- $1,444 · $120/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 ≥102°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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $26,206
- − Mortgage interest
- −$3,081
- − Property taxes
- −$1,444
- − Insurance
- −$275
- − Repairs & maintenance
- −$2,096
- − Management
- −$2,096
- − Depreciation
- −$1,600
- Taxable income
- $15,613
- Est. tax owed @ 24.0%
- −$3,747
- After-tax cash flow
- $11,776/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
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)
- 32,977
- Household income
- $91,842
- Rent vs Own
- Severe rent burden
- 1463.0
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 0.63)
- Race & ethnicity
- White 55% Black 23% Hispanic / Latino 13% Two or more races 6% Asian 4%
- Hispanic origin (detail)
- Mexican 1% Puerto Rican 1%
- Common ancestry
- Romanian 5% Lithuanian 2% Italian 2%
- Foreign-born
- 10% · Canada, China
- Languages at home
- 85% English-only · Spanish 9% Other Indo-European 1% 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
- ▼ -311.43%
- Current HPI
- 284.338
- Rent YoY
- ▼ -1.00%
- 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 |
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| Utilities | 1 | $25B |
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| Hotels | 1 | $24B |
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| Consumer Goods | 1 | $7B |
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| Real Estate | 1 | $6B |
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| Chemicals | 1 | $2B |
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Price history
-27.2% since first listed26 events — show timeline
- 2026-04-17 Relisted — BRIGHT MLS
- 2026-03-18 Price Changed $55,000 BRIGHT MLS
- 2026-03-18 Listing Removed — BRIGHT MLS
- 2026-02-10 Price Changed $65,000 BRIGHT MLS
- 2026-01-25 Listed $75,000 BRIGHT MLS
- 2014-02-21 Delisted — MRIS
- 2014-02-20 Sold (MLS) $15,000 BRIGHT MLS
- 2014-02-20 Sold (MLS) $15,000 MRIS
- 2014-01-31 Pending — MRIS
- 2014-01-31 Listing Removed — BRIGHT MLS
- 2013-12-11 Price Changed $15,000 MRIS
- 2013-11-16 Listed $17,900 MRIS
- 2013-11-15 Listed $15,000 BRIGHT MLS
- 2011-10-04 Delisted — MRIS
- 2011-10-04 Listing Removed — BRIGHT MLS
- 2011-07-12 Price Changed — MRIS
- 2011-06-17 Price Changed — MRIS
- 2011-06-16 Listed — MRIS
- 2011-06-16 Listed $49,900 BRIGHT MLS
- 2010-06-07 Delisted — MRIS
- 2010-06-07 Listing Removed — BRIGHT MLS
- 2010-05-25 Price Changed — MRIS
- 2010-05-25 Price Changed — MRIS
- 2010-03-29 Price Changed — MRIS
- 2010-01-15 Listed — MRIS
- 2010-01-15 Listed $75,500 BRIGHT MLS
Property tax history
+3.5%/yrLatest (2025): $1,444 · +16.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…