None · Baltimore, MD 21229

$165,995

5 bd · 2.0 ba · 1,688 sqft · Townhouse public records · 5 Days on market

Built 1930 2,178 sqft lot Est $241k · 31% under

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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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

HUD HOME SOLD AS-IS, EQUAL HOUSING OPPORTUNITY. FHA UNINSURABLE. APPRAISED VALUE:$29,000 BIDDING DEADLINE: OWNER OCCUPANT 3/14/10 @ 11:59PM. CASE# 241-786579. GROUND RENT TO BE VERIFIED.

Key facts

• Investment property
• Immediate equity
• Producing income

Tags

• INVESTMENT PROPERTY
• PRODUCING INCOME
• IMMEDIATE EQUITY
• BELOW MARKET VALUE
• INCOME PRODUCING PROPERTY

Property features AI

Finance

• Other: Ownership interest: Ground rent; Finished above-grade area per assessor: 1,688
• Financial info: Ground rent payment: $96 annually; Income/expense note: Annual ground rent listed

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Estimated year built
• Construction: Brick construction; Block and concrete perimeter foundation; Above-grade and below-grade structures
• Exterior features: Not in a federal flood zone; Ground rent exists (paid annually)

Interior

• Bedrooms: Five bedrooms on the main level
• Bathrooms: One full bathroom on the main level; One half bathroom on the main level; One full bathroom total; One half bathroom total
• Heating & cooling: Forced air heating; Natural gas heating; Central air conditioning (electric); Natural gas hot water
• Interior features: Partially finished basement; One fireplace; Nine total rooms; Two or more access exits

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath townhouse listed at $166k.

Deal economics

• At list price, monthly cash flow is $568 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $166k).
• Cap rate 10.4% 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 (+5.4%/yr); 252 active listings in the ZIP; 13 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).
• At $2,272/mo this rent would consume 45% of the median local household income ($60k/yr) (locally 2776% 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 + 5.4% rent growth), your $46k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 26y 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 $105k; list at $166k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $165,995

Questions for the listing agent

1. Built in 1930 — 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: 1.37% ✓
• Cap rate: 10.40%
• Cash-on-cash: 14.67%
• DSCR: 1.65
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $241,384
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3910 Edmondson Ave	0.15mi	4/2.5 (-1)	1,568 (-7%)	5mo	$225,000	$143	70
743 Linnard St	0.51mi	4/2.0 (-1)	1,693 (+0%)	1mo	$199,000	$118	70
405 N Loudon Ave	0.22mi	5/2.0	1,896 (+12%)	2mo	$175,000	$92	67
802 N Woodington Rd	0.16mi	5/4.5	1,818 (+8%)	4mo	$289,000	$159	66
3805 Harlem Ave	0.21mi	4/1.5 (-1)	1,867 (+11%)	7mo	$82,500	$44	60
509 Normandy Ave	0.20mi	4/2.5 (-1)	1,458 (-14%)	1mo	$212,000	$145	60
4411 Maple Wood Dr	0.48mi	4/2.5 (-1)	1,660 (-2%)	10mo	$342,000	$206	59
3716 Edmondson Ave	0.28mi	4/1.0 (-1)	1,512 (-10%)	2mo	$130,000	$86	59
319 Lyndhurst St	0.32mi	4/2.0 (-1)	1,434 (-15%)	4mo	$224,999	$157	52
510 Lyndhurst St	0.22mi	4/1.5 (-1)	1,434 (-15%)	10mo	$125,000	$87	49
4501 Rokeby Rd	0.47mi	4/2.0 (-1)	1,920 (+14%)	9mo	$274,000	$143	43
1102 Mount Holly St	0.40mi	4/3.5 (-1)	1,452 (-14%)	6mo	$262,000	$180	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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 8.0%
• Equity multiple: 1.32×
• Total profit: $14,957
• Equity at exit: $24,750

10-year hold

• IRR: 19.3%
• Equity multiple: 2.81×
• Total profit: $83,979
• Equity at exit: $14,352

Cash invested: $46,479 (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 21229

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

Monthly cashflow live

• Estimated rent: $2,272 high
• Mortgage (P&I): −$870
• Tax from tax record: −$287 /mo · $3,446/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $568

Break-even live

Break-even rent $1,553

Max offer price $165,995

Occupancy floor 70%

Sensitivity live

Price	-10% $662	-5% $615	+0% $568	+5% $521	+10% $474
Rent	-10% $389	-5% $479	+0% $568	+5% $658	+10% $748
Rate	-1.0pp $652	-0.5pp $611	base $568	+0.5pp $525	+1.0pp $482

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: $41,499
• Closing costs: $4,980
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	0.25mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	44d	1	0.35mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	0.37mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	24d	1	0.43mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	44d	1	0.44mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	5d	1	0.51mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	44d	1	0.86mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	18d	1	1.04mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	44d	1	1.15mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	13d	1	1.16mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	24d	1	1.17mi
3030 Windsor Ave Baltimore, MD	4.0	1.5	2124	$1,995	$0.94	5d	1	1.45mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	24d	1	1.45mi

Listing history 3 events

1. 2026-06-18
   days on market $165,995 Active 5 DOM
2. 2026-06-17
   remarks 476-char remark
3. 2026-06-17
   listed $165,995 Active 4 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: $3,446 · $287/mo
• Projected year-2 tax: $3,446 · $287/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 5/10 Major 24% 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: $27,269
• − Mortgage interest: −$9,298
• − Property taxes: −$3,446
• − Insurance: −$830
• − Repairs & maintenance: −$2,181
• − Management: −$2,181
• − Depreciation: −$4,829
• Taxable income: $4,503
• Est. tax owed @ 24.0%: −$1,081
• After-tax cash flow: $5,740/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+163.5% since first listed

14 events — show timeline

• 2026-06-13 Listed $165,995 BRIGHT MLS
• 2019-12-31 Sold (Public Records) $105,314 Public Records
• 2017-08-10 Sold (Public Records) $90,000 Public Records
• 2012-12-13 Sold (Public Records) $77,533 Public Records
• 2010-04-13 Sold (MLS) $35,100 BRIGHT MLS
• 2010-04-13 Sold (MLS) $35,100 MRIS
• 2010-03-15 Pending — MRIS
• 2010-03-15 Listing Removed — BRIGHT MLS
• 2010-03-06 Listed $27,550 MRIS
• 2010-03-06 Listed $27,550 BRIGHT MLS
• 2000-09-26 Sold (Public Records) $63,000 Public Records
• 2000-09-08 Sold (MLS) $63,000 MRIS
• 2000-05-21 Delisted — MRIS
• 2000-04-25 Listed $63,000 MRIS

Property tax history

+3.3%/yr

Latest (2025): $3,446 · +8.6% YoY. Source: county tax records.