2039 Sinclair Ln · Baltimore, MD 21213

$170,000

3 bd · 1.0 ba · 945 sqft · Townhouse public records · 174 Days on market

Built 1920 1,413 sqft lot $180/sqft · 65% above area Est $171k · at est.

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Why this score? — see what drove the C 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 +22.8/30.0
• ARV discount +7.7/15.0
• DSCR +7.3/10.0
• 1% rule +5.1/10.0
• 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

Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

Key facts

• Built 1920
• Listed 174 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $150k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 (+5.2%/yr); 319 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 40% 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 $209 of equity ($1k loan paydown + $-966 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 $48k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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 $70k; list at $170k implies a 143% 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 $149,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.01% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.46%
• DSCR: 1.33
• GRM: 8.3

CMA / ARV

• ARV (median comp): $170,848
• List price: $170,000
• Delta: -0.50%
• 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
1658 E 25th St	0.29mi	3/1.0	1,040 (+10%)	4mo	$70,000	$67	66
3307 Elmora Ave	0.66mi	3/1.0	896 (-5%)	3mo	$155,000	$173	58
3300 Elmley Ave	0.67mi	4/2.0 (+1)	952 (+1%)	5mo	$161,000	$169	54
3215 Elmora Ave	0.61mi	4/1.5 (+1)	896 (-5%)	5mo	$115,000	$128	52
3338 Elmora Ave	0.71mi	2/1.0 (-1)	896 (-5%)	2mo	$149,500	$167	52
3315 Lyndale Ave	0.68mi	2/1.5 (-1)	896 (-5%)	1mo	$145,000	$162	52
3217 Ravenwood Ave	0.60mi	3/1.0	1,046 (+11%)	4mo	$125,000	$120	51
3410 Elmora Ave	0.74mi	3/2.0	896 (-5%)	4mo	$93,500	$104	50
1423 E Lanvale St	0.64mi	4/2.0 (+1)	1,000 (+6%)	3mo	$77,750	$78	49
1822 Aiken St	0.67mi	3/1.0	1,050 (+11%)	3mo	$49,000	$47	48
3236 Lyndale Ave	0.65mi	3/1.0	1,080 (+14%)	2mo	$161,855	$150	44
2709 E Hoffman St	0.72mi	2/1.0 (-1)	840 (-11%)	1mo	$115,000	$137	42

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: 6.0%
• Equity multiple: 1.28×
• Total profit: $13,329
• Equity at exit: $44,589

10-year hold

• IRR: 13.4%
• Equity multiple: 2.47×
• Total profit: $70,150
• Equity at exit: $49,923

Cash invested: $47,600 (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: 8.3×

Monthly cashflow live

• Estimated rent: $1,717 high
• Mortgage (P&I): −$891
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $296

Break-even live

Break-even rent $1,342

Max offer price $170,000

Occupancy floor 78%

Sensitivity live

Price	-10% $392	-5% $344	+0% $296	+5% $248	+10% $200
Rent	-10% $160	-5% $228	+0% $296	+5% $364	+10% $432
Rate	-1.0pp $382	-0.5pp $339	base $296	+0.5pp $252	+1.0pp $207

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.30mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.37mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.43mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	5d	1	0.59mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.60mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.62mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.62mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.68mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.68mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.68mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.70mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.71mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.71mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.72mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	0.74mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.76mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	20d	2	0.93mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	21d	1	0.93mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.95mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.95mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	24d	1	1.00mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	44d	1	1.02mi
1010 N Central Ave Baltimore, MD	2.0	1.0	1023	$1,650	$1.61	24d	1	1.02mi
802 N Broadway #1 Baltimore, MD	2.0	1.0	1120	$1,800	$1.61	18d	1	1.04mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	1.05mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	1.06mi
931 N Central Ave Baltimore, MD	3.0	1.0	1085	$1,400	$1.29	24d	1	1.07mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	1.12mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	1.12mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	1.12mi
2535 Greenmount Ave Unit 2 Baltimore, MD	2.0	1.0	800	$1,195	$1.49	44d	1	1.14mi
2821 Mathews St Unit 27-668 Baltimore, MD	2.0	1.0	730	$1,050	$1.44	24d	1	1.15mi
448 Pitman Pl Baltimore, MD	2.0	1.5	940	$2,145	$2.28	24d	1	1.16mi
1205 Ashland Ave Baltimore, MD	3.0	1.0	992	$1,550	$1.56	24d	1	1.17mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	1.17mi
1226 E Madison St Baltimore, MD	3.0	1.0	1100	$2,179	$1.98	5d	1	1.19mi
412 E Federal St Baltimore, MD	2.0	2.5	1100	$1,700	$1.55	24d	1	1.21mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	44d	1	1.21mi
1418 E Monument St Baltimore, MD	2.0–4.0	1.0–2.0	1265	$1,602	$1.27	15d	5	1.22mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	5d	1	1.22mi

Listing history 38 events

1. 2026-06-18
   days on market $170,000 Active 174 DOM
2. 2026-06-17
   days on market $170,000 Active 173 DOM
3. 2026-06-16
   days on market $170,000 Active 172 DOM
4. 2026-06-15
   days on market $170,000 Active 171 DOM
5. 2026-06-13
   days on market $170,000 Active 169 DOM
6. 2026-06-09
   days on market $170,000 Active 165 DOM
7. 2026-06-08
   days on market $170,000 Active 164 DOM
8. 2026-06-07
   days on market $170,000 Active 163 DOM
9. 2026-06-04
   days on market $170,000 Active 160 DOM
10. 2026-06-03
    days on market $170,000 Active 159 DOM
11. 2026-06-02
    days on market $170,000 Active 158 DOM
12. 2026-06-01
    days on market $170,000 Active 157 DOM
13. 2026-05-31
    days on market $170,000 Active 156 DOM
14. 2026-04-29
    price $170,000 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

15. 2026-04-11
    price $180,000 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

16. 2026-04-11
    status Active 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

17. 2026-01-08
    historical 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

18. 2025-10-29
    price $169,900 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

19. 2025-10-17
    price $164,900 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

20. 2025-09-26
    listed $169,900 Active 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

21. 2025-09-22
    historical $169,900 1576-char remark

    Show marketing remark (1576 chars)

    Discover this 4-bedroom, 2-bathroom property, offering a strong mix of cash flow potential and flexibility for both investors and owner-occupants. Renovated in early 2023, the home features solid systems and updates, with only light cosmetic touches needed to make it your own. The property was previously operated as a shared rental by the room. At present, it is occupied by a single tenant on the lower level, with a lease in place through May 2026—providing stable, immediate rental income of $900 per month from day one. This setup makes it an excellent opportunity for investors seeking a plug-and-play addition to their portfolio—or for a buyer interested in house hacking, with the option to live in part of the home while leveraging rental income to offset the mortgage. The property’s location in a high-demand, renter-friendly area of Baltimore enhances its appeal, with proximity to major commuter routes, public transportation, shopping, and amenities. Employers, universities, and medical centers nearby help maintain a steady pool of potential tenants, while ongoing neighborhood revitalization supports long-term value growth. With its rental income already in place, flexible occupancy potential, and strong location, this property presents a smart opportunity for buyers looking to generate returns without the upfront cost of a full renovation. Don’t miss this opportunity to secure a cash-flowing property with built-in upside—schedule your showing today and explore the potential for both steady returns and long-term growth.

22. 2025-02-21
    historical
23. 2025-01-03
    listed $219,500 Active
24. 2024-12-16
    historical
25. 2022-11-17
    soldstatus $70,000 Closed
26. 2022-10-28
    price $70,000
27. 2022-10-28
    historical Active Under Contract
28. 2022-10-07
    price $80,000
29. 2022-09-14
    price $85,000
30. 2022-06-11
    listed $90,000 Active
31. 2017-06-22
    soldstatus $16,000
32. 2017-06-22
    soldstatus $16,000 Sold
33. 2017-05-31
    status Contract
34. 2017-05-30
    price $10,000
35. 2017-05-16
    status Active
36. 2017-03-07
    historical
37. 2017-03-07
    listed $5,000
38. 1983-05-25
    soldstatus $18,900

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,515 · $126/mo
• Expected delta: +$338/yr (+$28/mo · 28.7%)

ⓘ 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 8/10 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: $20,605
• − Mortgage interest: −$9,523
• − Property taxes: −$1,177
• − Insurance: −$850
• − Repairs & maintenance: −$1,648
• − Management: −$1,648
• − Depreciation: −$4,945
• Taxable income: $813
• Est. tax owed @ 24.0%: −$195
• After-tax cash flow: $3,358/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

+799.5% since first listed

25 events — show timeline

• 2026-04-29 Price Changed $170,000 BRIGHT MLS
• 2026-04-11 Price Changed $180,000 BRIGHT MLS
• 2026-04-11 Relisted — BRIGHT MLS
• 2026-01-08 Listing Removed — BRIGHT MLS
• 2025-10-29 Price Changed $169,900 BRIGHT MLS
• 2025-10-17 Price Changed $164,900 BRIGHT MLS
• 2025-09-26 Listed $169,900 BRIGHT MLS
• 2025-09-22 Coming Soon $169,900 BRIGHT MLS
• 2025-02-21 Listing Removed — BRIGHT MLS
• 2025-01-03 Listed $219,500 BRIGHT MLS
• 2024-12-16 Coming Soon — BRIGHT MLS
• 2022-11-17 Sold (MLS) $70,000 BRIGHT MLS
• 2022-10-28 Price Changed $70,000 BRIGHT MLS
• 2022-10-28 Contingent — BRIGHT MLS
• 2022-10-07 Price Changed $80,000 BRIGHT MLS
• 2022-09-14 Price Changed $85,000 BRIGHT MLS
• 2022-06-11 Listed $90,000 BRIGHT MLS
• 2017-06-22 Sold (MLS) $16,000 MRIS
• 2017-06-22 Sold (MLS) $16,000 BRIGHT MLS
• 2017-05-31 Pending — MRIS
• 2017-05-30 Price Changed $10,000 MRIS
• 2017-05-16 Relisted — MRIS
• 2017-03-07 Listed $5,000 MRIS
• 2017-03-07 Delisted — MRIS
• 1983-05-25 Sold (Public Records) $18,900 Public Records

Property tax history

+5.0%/yr

Latest (2025): $1,177 · +3.5% YoY. Source: county tax records.