3114 Presstman St · Baltimore, MD 21216

$109,900

3 bd · 2.0 ba · 1,392 sqft · Townhouse public records · 80 Days on market

Built 1939 $79/sqft · 19% above area Est $93k · 19% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special with serious upside. This 3-bedroom, 2 full bath home offers solid bones and a layout full of potential. The main level provides a functional footprint, while the basement presents a prime opportunity to create a separate apartment or additional income-producing space. Property needs TLC, but that’s exactly where the value is. Whether you’re looking to renovate and flip, build equity as a rental, or house-hack with a lower-level unit, this is a project that can pay off. Priced aggressively for a quick sale — bring your vision and your contractor.

Key facts

• Separate apartment
• Built 1939
• Listed 80 days

Tags

• SEPARATE APARTMENT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $110k.

Deal economics

• At list price, monthly cash flow is $624 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 6.0% in Baltimore — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.1%/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); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,694/mo this rent would consume 48% of the median local household income ($42k/yr) (locally 2264% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $110k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — 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 $103,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 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 1939 — 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: 1.54% ✓
• Cap rate: 13.11%
• Cash-on-cash: 24.34%
• DSCR: 2.08
• GRM: 5.4

CMA / ARV

• ARV (median comp): $92,568
• List price: $109,900
• Delta: 18.72%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3018 Presstman St	0.07mi	4/2.0 (+1)	1,400 (+1%)	1mo	$108,000	$77	90
1625 N Rosedale St	0.15mi	3/1.0	1,396 (+0%)	2mo	$36,000	$26	87
1528 N Ellamont St	0.09mi	3/2.5	1,328 (-5%)	1mo	$209,000	$157	86
3020 Brighton St	0.10mi	4/2.5 (+1)	1,406 (+1%)	2mo	$209,000	$149	85
2920 Brighton St	0.16mi	3/2.5	1,440 (+3%)	2mo	$247,500	$172	84
3004 Brighton St	0.12mi	3/1.0	1,288 (-8%)	1mo	$44,000	$34	77
2829 Baker St	0.26mi	4/3.5 (+1)	1,460 (+5%)	2mo	$215,400	$148	67
3707 Colborne Rd	0.70mi	3/2.0	1,400 (+1%)	1mo	$220,000	$157	66
2711 Riggs Ave	0.50mi	3/1.0	1,288 (-8%)	2mo	$134,000	$104	59
1000 Mount Holly St	0.70mi	3/1.5	1,290 (-7%)	1mo	$93,000	$72	52
3821 Stokes Dr	0.70mi	3/2.0	1,254 (-10%)	1mo	$145,000	$116	50
2305 Poplar Grove St	0.65mi	3/2.0	1,200 (-14%)	1mo	$118,000	$98	45

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 1.89×
• Total profit: $27,385
• Equity at exit: $16,386

10-year hold

• IRR: 31.1%
• Equity multiple: 4.21×
• Total profit: $98,847
• Equity at exit: $9,502

Cash invested: $30,772 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,694 high
• Mortgage (P&I): −$576
• Tax from tax record: −$92 /mo · $1,107/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $624

Break-even live

Break-even rent $904

Max offer price $109,900

Occupancy floor 58%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	24d	1	0.03mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	44d	1	0.04mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,895	$1.15	15d	1	0.05mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	44d	1	0.13mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	24d	1	0.14mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.14mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	44d	1	0.25mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	44d	1	0.27mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	2d	3	0.29mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	44d	1	0.32mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	24d	1	0.33mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	0.45mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	24d	1	0.46mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.46mi
3017 Poplar Ter Baltimore, MD	2.0	1.0	880	$1,349	$1.53	24d	1	0.53mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	24d	1	0.53mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	44d	1	0.54mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	24d	1	0.58mi
3514 Clifton Ave Baltimore, MD	2.0	1.0	925	$1,199	$1.30	44d	1	0.59mi
3514 Clifton Ave Unit 21 Baltimore, MD	2.0	1.0	925	$1,150	$1.24	44d	1	0.59mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	4d	1	0.60mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	44d	1	0.60mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	24d	1	0.61mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	18d	1	0.61mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	44d	1	0.62mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	24d	1	0.70mi
2103 Chelsea Ter Unit 1 Baltimore, MD	2.0	2.0	1500	$2,200	$1.47	15d	1	0.71mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	15d	1	0.71mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	44d	1	0.74mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	44d	1	0.75mi
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	24d	1	0.78mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	44d	1	0.78mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	0.78mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	900	$1,450	$1.61	24d	1	0.79mi
2405 W North Ave Baltimore, MD	4.0	3.0	1826	$1,900	$1.04	4d	1	0.79mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	24d	1	0.80mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	44d	1	0.81mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	44d	1	0.83mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	44d	1	0.84mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	44d	1	0.85mi

Listing history 27 events

1. 2026-06-18
   days on market $109,900 Active 80 DOM
2. 2026-06-17
   days on market $109,900 Active 79 DOM
3. 2026-06-16
   days on market $109,900 Active 78 DOM
4. 2026-06-15
   days on market $109,900 Active 77 DOM
5. 2026-06-13
   days on market $109,900 Active 75 DOM
6. 2026-06-09
   days on market $109,900 Active 71 DOM
7. 2026-06-08
   days on market $109,900 Active 70 DOM
8. 2026-06-07
   days on market $109,900 Active 69 DOM
9. 2026-06-04
   days on market $109,900 Active 66 DOM
10. 2026-06-03
    days on market $109,900 Active 65 DOM
11. 2026-06-02
    days on market $109,900 Active 64 DOM
12. 2026-06-01
    days on market $109,900 Active 63 DOM
13. 2026-05-31
    days on market $109,900 Active 62 DOM
14. 2026-05-19
    price $109,900 587-char remark

    Show marketing remark (587 chars)

    Investor special with serious upside. This 3-bedroom, 2 full bath home offers solid bones and a layout full of potential. The main level provides a functional footprint, while the basement presents a prime opportunity to create a separate apartment or additional income-producing space. Property needs TLC, but that’s exactly where the value is. Whether you’re looking to renovate and flip, build equity as a rental, or house-hack with a lower-level unit, this is a project that can pay off. Priced aggressively for a quick sale — bring your vision and your contractor.

15. 2026-03-30
    listed $119,900 Active 587-char remark

    Show marketing remark (587 chars)

    Investor special with serious upside. This 3-bedroom, 2 full bath home offers solid bones and a layout full of potential. The main level provides a functional footprint, while the basement presents a prime opportunity to create a separate apartment or additional income-producing space. Property needs TLC, but that’s exactly where the value is. Whether you’re looking to renovate and flip, build equity as a rental, or house-hack with a lower-level unit, this is a project that can pay off. Priced aggressively for a quick sale — bring your vision and your contractor.

16. 2021-01-29
    soldstatus $65,000
17. 2010-01-22
    soldstatus $78,900
18. 2009-10-13
    soldstatus $31,000 Sold 44-char remark

    Show marketing remark (44 chars)

    4 bed 2.5 bqth row home sold as is condition

19. 2009-10-13
    soldstatus $31,000

    Show marketing remark (44 chars)

    4 bed 2.5 bqth row home sold as is condition

20. 2009-09-11
    historical 44-char remark

    Show marketing remark (44 chars)

    4 bed 2.5 bqth row home sold as is condition

21. 2009-09-11
    historical

    Show marketing remark (44 chars)

    4 bed 2.5 bqth row home sold as is condition

22. 2009-09-06
    listed $32,500 Active 44-char remark

    Show marketing remark (44 chars)

    4 bed 2.5 bqth row home sold as is condition

23. 2009-09-06
    listed $32,500

    Show marketing remark (44 chars)

    4 bed 2.5 bqth row home sold as is condition

24. 1999-11-17
    soldstatus $58,000
25. 1999-10-19
    soldstatus $58,000
26. 1999-08-21
    historical
27. 1999-08-13
    listed $58,000

ⓘ 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: $1,107 · $92/mo
• Projected year-2 tax: $1,152 · $96/mo
• Expected delta: +$45/yr (+$4/mo · 4.1%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,331
• − Mortgage interest: −$6,156
• − Property taxes: −$1,107
• − Insurance: −$550
• − Repairs & maintenance: −$1,626
• − Management: −$1,626
• − Depreciation: −$3,197
• Taxable income: $6,068
• Est. tax owed @ 24.0%: −$1,456
• After-tax cash flow: $6,032/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

+89.5% since first listed

14 events — show timeline

• 2026-05-19 Price Changed $109,900 BRIGHT MLS
• 2026-03-30 Listed $119,900 BRIGHT MLS
• 2021-01-29 Sold (Public Records) $65,000 Public Records
• 2010-01-22 Sold (Public Records) $78,900 Public Records
• 2009-10-13 Sold (MLS) $31,000 BRIGHT MLS
• 2009-10-13 Sold (MLS) $31,000 MRIS
• 2009-09-11 Delisted — MRIS
• 2009-09-11 Listing Removed — BRIGHT MLS
• 2009-09-06 Listed $32,500 MRIS
• 2009-09-06 Listed $32,500 BRIGHT MLS
• 1999-11-17 Sold (Public Records) $58,000 Public Records
• 1999-10-19 Sold (MLS) $58,000 MRIS
• 1999-08-21 Delisted — MRIS
• 1999-08-13 Listed $58,000 MRIS

Property tax history

-2.7%/yr

Latest (2025): $1,107 · +20.6% YoY. Source: county tax records.