702 Kenwood Ave · Baltimore, MD 21205

$174,990

4 bd · 2.0 ba · 760 sqft · Townhouse public records · 19 Days on market

Built 1890 1,307 sqft lot

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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 +24.5/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* INVESTOR ALERT * Recently renovated, three-story 4 Bed / 2 Full Bath townhome available in the Madison/Eastend Neighborhood blocks from Bocek Park! Needs some turnover work. Perfect for investors and homeowners alike! ARVs as high as $280,000 and rental comps as high as $2300 / mo within a 2-block radius. Deep, unfinished basement for additional updating options.

Key facts

• Unfinished basement
• Vibrant community
• Historic elegance

Tags

• FEDERAL-STYLE TOWNHOUSE
• HISTORIC ELEGANCE
• UNFINISHED BASEMENT
• OFF-STREET PARKING
• LOW-MAINTENANCE LIVING
• VIBRANT COMMUNITY

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Year built estimated
• Construction: Brick construction; Block foundation; Above-grade other structures
• Exterior features: Basement with outside entrance, connecting stairway; unfinished; No tidal water

Interior

• Bedrooms: Two bedrooms on the first upper level; Two bedrooms on the second upper level
• Bathrooms: Two full bathrooms (one on first upper level, one on second upper level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Estimated living area

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $175k.

Deal economics

• At list price, monthly cash flow is $358 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% 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 (+9.9%/yr); 145 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,843/mo this rent would consume 51% of the median local household income ($43k/yr) (locally 966% 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 $1k of loan paydown is wiped out by about $5k 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 + 8.0% rent growth), your $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y 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 $146k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1890 — 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 $172,365 (1.5% below list)

Questions for the listing agent

1. Built in 1890 — 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: 1.05% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.76%
• DSCR: 1.39
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $111,720
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2604 Mura St	0.46mi	3/2.0 (-1)	852 (+12%)	14mo	$125,000	$147	42

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.08×
• Total profit: $4,126
• Equity at exit: $26,092

10-year hold

• IRR: 15.8%
• Equity multiple: 2.57×
• Total profit: $77,101
• Equity at exit: $15,130

Cash invested: $48,997 (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 21205

• Home prices YoY: -5.8%
• Rents YoY: 9.9%
• Active inventory: 145
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,843 high
• Mortgage (P&I): −$918
• Tax from tax record: −$108 /mo · $1,297/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $358

Break-even live

Break-even rent $1,391

Max offer price $174,990

Occupancy floor 76%

Sensitivity live

Price	-10% $457	-5% $407	+0% $358	+5% $308	+10% $259
Rent	-10% $212	-5% $285	+0% $358	+5% $430	+10% $503
Rate	-1.0pp $446	-0.5pp $402	base $358	+0.5pp $312	+1.0pp $266

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: $43,748
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	0.14mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	5d	1	0.21mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	0.32mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	0.32mi
437 N Montford Ave Baltimore, MD	3.0	1.5	1100	$1,450	$1.32	44d	1	0.34mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	44d	1	0.37mi
104 N Rose St Baltimore, MD	3.0	2.0	936	$2,500	$2.67	44d	1	0.42mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	24d	1	0.48mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.77mi
305 S Collington Ave Baltimore, MD	3.0	2.5	722	$2,895	$4.01	18d	1	0.89mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.90mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	1.04mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	1.07mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$3,290	$3.62	3d	20	1.10mi
1418 E Monument St Baltimore, MD	2.0–4.0	1.0–2.0	1265	$1,920	$1.52	15d	5	1.13mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	1.14mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	1.16mi
4015 Eastern Ave Unit 2L Baltimore, MD	3.0	2.0	1100	$1,800	$1.64	44d	1	1.18mi
931 N Central Ave Baltimore, MD	3.0	1.0	1085	$1,400	$1.29	24d	1	1.19mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	1.20mi
1226 E Madison St Baltimore, MD	3.0	1.0	1100	$2,179	$1.98	5d	1	1.21mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	1.21mi
1205 Ashland Ave Baltimore, MD	3.0	1.0	992	$1,550	$1.56	24d	1	1.26mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	1.37mi
3518 Elliott St Baltimore, MD	3.0	2.5	1036	$2,800	$2.70	18d	1	1.46mi
2809 Boston St Baltimore, MD	1.0–3.0	1.0–3.0	1246	$3,440	$2.76	2d	11	1.46mi

Listing history 12 events

1. 2026-06-21
   days on market $174,990 Active 19 DOM
2. 2026-06-18
   days on market $174,990 Active 16 DOM
3. 2026-06-17
   days on market $174,990 Active 15 DOM
4. 2026-06-16
   days on market $174,990 Active 14 DOM
5. 2026-06-15
   days on market $174,990 Active 13 DOM
6. 2026-06-13
   days on market $174,990 Active 11 DOM
7. 2026-06-09
   days on market $174,990 Active 7 DOM
8. 2026-06-08
   days on market $174,990 Active 6 DOM
9. 2026-06-07
   days on market $174,990 Active 5 DOM
10. 2026-06-04
    days on market $174,990 Active 2 DOM
11. 2026-06-03
    remarks 699-char remark
12. 2026-06-03
    listed $174,990 Active 1 DOM

ⓘ 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: $1,297 · $108/mo
• Projected year-2 tax: $1,602 · $133/mo
• Expected delta: +$305/yr (+$25/mo · 23.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% 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: $22,121
• − Mortgage interest: −$9,802
• − Property taxes: −$1,297
• − Insurance: −$875
• − Repairs & maintenance: −$1,770
• − Management: −$1,770
• − Depreciation: −$5,091
• Taxable income: $1,517
• Est. tax owed @ 24.0%: −$364
• After-tax cash flow: $3,928/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): 13,013
• Household income: $43,176
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 966.0

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 0.60)
• Race & ethnicity: Black 60% Hispanic / Latino 16% White 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 1% Cuban 1% Dominican 4%
• Common ancestry: Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 79% English-only · Spanish 11% Arabic 4% Chinese 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: ▼ -15.03%
• Current HPI: 244.1345
• Rent YoY: ▲ 9.88%
• 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

+548.1% since first listed

24 events — show timeline

• 2026-06-02 Listed $174,990 BRIGHT MLS
• 2026-01-31 Rental Removed $1,800 BRIGHTMLS
• 2025-11-27 Price Changed $1,800 BRIGHTMLS
• 2025-09-30 Listed for Rent $2,000 BRIGHTMLS
• 2025-09-30 Rental Removed $2,500 SHOWMOJO
• 2025-08-02 Listed for Rent $2,500 SHOWMOJO
• 2025-03-14 Sold (Public Records) $146,000 Public Records
• 2025-02-21 Sold (MLS) $146,000 BRIGHT MLS
• 2025-01-31 Pending — BRIGHT MLS
• 2025-01-31 Price Changed $146,000 BRIGHT MLS
• 2025-01-22 Listed $145,000 BRIGHT MLS
• 2024-06-10 Listing Removed — BRIGHT MLS
• 2024-05-09 Listed $165,000 BRIGHT MLS
• 2021-06-04 Sold (Public Records) $64,900 Public Records
• 2020-06-26 Sold (MLS) $64,900 BRIGHT MLS
• 2020-04-21 Pending — BRIGHT MLS
• 2020-04-20 Relisted — BRIGHT MLS
• 2020-04-14 Pending — BRIGHT MLS
• 2020-04-13 Listed $64,900 BRIGHT MLS
• 2001-08-03 Sold (MLS) $6,000 MRIS
• 2001-05-23 Delisted — MRIS
• 2001-05-12 Listed $6,000 MRIS
• 1997-01-17 Sold (Public Records) $51,500 Public Records
• 1987-06-30 Sold (Public Records) $27,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $1,297 · +18.8% YoY. Source: county tax records.