1513 E Chase St · Baltimore, MD 21213

$90,000

3 bd · 2.0 ba · 1,042 sqft · Townhouse public records · 10 Days on market

Built 1920 1,700 sqft lot Est $164k · 45% under

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Why this score? — see what drove the A- 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
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Property sold AS -IS This is a short sale Tenant Occupied

Key facts

• Large basement
• Some updates
• Fenced rear yard

Tags

• LARGE BASEMENT
• FENCED REAR YARD
• SOME UPDATES

🏷️ Possibly a rental listed for sale. The $90,000 price doesn't fit this home's estimated sale value (~$163,594) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $90k.

Deal economics

• At list price, monthly cash flow is $860 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Cap rate 17.8% 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: 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: Paul Laurence Dunbar High (math 2% / reading 22%, grade F, #193 of 222 statewide, top 88%, 1,067 students, 73% FRL).
• Market conditions: Rents rising fast (+5.2%/yr); 319 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 43% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $111 of equity ($622 loan paydown + $-511 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 8y 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 $60k; list at $90k implies a 50% 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: 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 $90,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.05% ✓
• Cap rate: 17.76%
• Cash-on-cash: 40.95%
• DSCR: 2.82
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $163,594
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1226 E Chase St	0.20mi	3/2.0	957 (-8%)	2mo	$209,900	$219	75
1117 N Central Ave	0.18mi	3/2.0	1,116 (+7%)	7mo	$125,000	$112	74
1205 Ashland Ave	0.31mi	3/1.0	992 (-5%)	3mo	$95,000	$96	71
819 Aisquith St	0.34mi	3/1.0	991 (-5%)	3mo	$93,500	$94	70
1104 Harford Ave	0.30mi	3/1.5	1,152 (+11%)	1mo	$100,000	$87	65
1423 E Lanvale St	0.45mi	4/2.0 (+1)	1,000 (-4%)	3mo	$77,750	$78	65
1822 Aiken St	0.60mi	3/1.0	1,050 (+1%)	3mo	$49,000	$47	64
1532 N Patterson Park Ave	0.71mi	3/2.0	984 (-6%)	6mo	$199,000	$202	53
814 Showell Ct	0.46mi	3/1.0	1,152 (+11%)	5mo	$180,500	$157	53
410 N Washington St	0.63mi	2/2.5 (-1)	950 (-9%)	2mo	$226,900	$239	47
2030 E Lafayette Ave	0.69mi	2/2.5 (-1)	1,100 (+6%)	5mo	$182,000	$165	47
2202 Prentiss Pl	0.55mi	2/2.0 (-1)	900 (-14%)	2mo	$160,000	$178	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 43.4%
• Equity multiple: 3.15×
• Total profit: $54,058
• Equity at exit: $23,606

10-year hold

• IRR: 48.0%
• Equity multiple: 6.76×
• Total profit: $145,229
• Equity at exit: $26,430

Cash invested: $25,200 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,848 high
• Mortgage (P&I): −$472
• Tax from tax record: −$90 /mo · $1,080/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $860

Break-even live

Break-even rent $759

Max offer price $90,000

Occupancy floor 48%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	43d	1	0.13mi
1027 N Central Ave Baltimore, MD	3.0	1.0	1200	$1,600	$1.33	21d	1	0.17mi
1317 E Eager St Baltimore, MD	4.0	1.5	1400	$1,900	$1.36	21d	1	0.18mi
1010 N Central Ave Baltimore, MD	2.0	1.0	1023	$1,650	$1.61	23d	1	0.20mi
931 N Central Ave Baltimore, MD	3.0	1.0	1085	$1,400	$1.29	23d	1	0.21mi
1232 Ashland Ave Baltimore, MD	3.0	1.0	1200	$1,600	$1.33	21d	1	0.26mi
802 N Broadway #1 Baltimore, MD	2.0	1.0	1120	$1,800	$1.61	17d	1	0.27mi
1307 E Madison St Baltimore, MD	2.0	1.0	1200	$1,650	$1.38	43d	1	0.30mi
1205 Ashland Ave Baltimore, MD	3.0	1.0	992	$1,550	$1.56	23d	1	0.31mi
1226 E Madison St Baltimore, MD	3.0	1.0	1100	$2,179	$1.98	4d	1	0.32mi
1418 E Monument St Baltimore, MD	2.0–4.0	1.0–2.0	1265	$1,602	$1.27	14d	5	0.35mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	20d	1	0.41mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	19d	2	0.42mi
1009 Hillman St Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	20d	1	0.46mi
814 Showell Ct Baltimore, MD	3.0	1.0	1152	$2,000	$1.74	21d	1	0.47mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	2d	1	0.48mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	16d	1	0.48mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	23d	1	0.50mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	43d	1	0.50mi
1512 E Lafayette Ave Baltimore, MD	3.0	2.5	1476	$1,950	$1.32	43d	1	0.53mi
1514 E Lafayette Ave Baltimore, MD	3.0	1.5	1215	$2,000	$1.65	23d	1	0.53mi
1803 N Dallas St Baltimore, MD	2.0	2.5	1250	$2,100	$1.68	23d	1	0.55mi
2202 Prentiss Pl Baltimore, MD	3.0	2.0	1400	$2,400	$1.71	43d	1	0.55mi
2215 E Biddle St Baltimore, MD	2.0	2.5	1350	$1,800	$1.33	43d	1	0.57mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	43d	1	0.58mi
1100 Greenmount Ave Baltimore, MD	1.0–3.0	1.0–2.0	839	$2,584	$3.08	2d	1	0.59mi
821 N Collington Ave Baltimore, MD	3.0	2.0	1150	$1,950	$1.70	43d	1	0.59mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	23d	1	0.60mi
2212 E Monument St Unit 2 Baltimore, MD	2.0	1.0	1200	$1,550	$1.29	17d	1	0.64mi
406 N Collington Ave Baltimore, MD	2.0	2.5	1216	$1,875	$1.54	43d	1	0.74mi
458 E Federal St Baltimore, MD	2.0	2.5	1300	$1,850	$1.42	4d	1	0.75mi
456 E Federal St Baltimore, MD	2.0	2.0	1450	$1,850	$1.28	43d	1	0.75mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	43d	1	0.75mi
448 Pitman Pl Baltimore, MD	2.0	1.5	940	$2,145	$2.28	23d	1	0.77mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	43d	1	0.77mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	14d	1	0.77mi
2208 Orleans St Baltimore, MD	3.0	1.0	1310	$1,775	$1.35	43d	1	0.78mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	43d	1	0.78mi
412 E Federal St Baltimore, MD	2.0	2.5	1100	$1,700	$1.55	23d	1	0.79mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	43d	1	0.80mi

Listing history 19 events

1. 2026-04-24
   status Pending
2. 2026-04-14
   listed $90,000 Active
3. 2025-01-25
   historical $850
4. 2025-01-25
   historical $850
5. 2025-01-23
   listed $850
6. 2025-01-23
   listed $850
7. 2024-11-06
   soldstatus $60,000
8. 2024-09-15
   historical $850
9. 2024-09-15
   historical $850
10. 2024-09-14
    listed $850
11. 2024-09-14
    listed $975
12. 2023-02-28
    historical
13. 2022-04-14
    listed $199,900 Active
14. 2020-06-26
    soldstatus $56,000
15. 2020-03-04
    historical 57-char remark

    Show marketing remark (57 chars)

    Property sold AS -IS This is a short sale Tenant Occupied

16. 2020-02-28
    soldstatus $50,000 Closed 57-char remark

    Show marketing remark (57 chars)

    Property sold AS -IS This is a short sale Tenant Occupied

17. 2018-12-28
    status Pending 57-char remark

    Show marketing remark (57 chars)

    Property sold AS -IS This is a short sale Tenant Occupied

18. 2018-12-24
    listed Active Under Contract 57-char remark

    Show marketing remark (57 chars)

    Property sold AS -IS This is a short sale Tenant Occupied

19. 2018-12-24
    listed $25,000 57-char remark

    Show marketing remark (57 chars)

    Property sold AS -IS This is a short sale Tenant Occupied

ⓘ 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: $1,080 · $90/mo
• Projected year-2 tax: $1,080 · $90/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: $22,170
• − Mortgage interest: −$5,041
• − Property taxes: −$1,080
• − Insurance: −$450
• − Repairs & maintenance: −$1,774
• − Management: −$1,774
• − Depreciation: −$2,618
• Taxable income: $9,433
• Est. tax owed @ 24.0%: −$2,264
• After-tax cash flow: $8,056/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+260.0% since first listed

19 events — show timeline

• 2026-04-24 Pending — BRIGHT MLS
• 2026-04-14 Listed $90,000 BRIGHT MLS
• 2025-01-25 Rental Removed $850 APPFOLIO
• 2025-01-25 Rental Removed $850 APPFOLIO
• 2025-01-23 Listed for Rent $850 APPFOLIO
• 2025-01-23 Listed for Rent $850 APPFOLIO
• 2024-11-06 Sold (Public Records) $60,000 Public Records
• 2024-09-15 Rental Removed $850 APPFOLIO
• 2024-09-15 Rental Removed $850 APPFOLIO
• 2024-09-14 Listed for Rent $850 APPFOLIO
• 2024-09-14 Listed for Rent $975 APPFOLIO
• 2023-02-28 Listing Removed — BRIGHT MLS
• 2022-04-14 Listed $199,900 BRIGHT MLS
• 2020-06-26 Sold (Public Records) $56,000 Public Records
• 2020-03-04 Listing Removed — BRIGHT MLS
• 2020-02-28 Sold (MLS) $50,000 BRIGHT MLS
• 2018-12-28 Pending — BRIGHT MLS
• 2018-12-24 Listed — BRIGHT MLS
• 2018-12-24 Listed $25,000 BRIGHT MLS

Property tax history

-0.7%/yr

Latest (2025): $1,080 · +0.0% YoY. Source: county tax records.