1216 Bonaparte Ave · Baltimore, MD 21218

$139,900

3 bd · 1.5 ba · 1,600 sqft · Townhouse · 25 Days on market

Built 1920 1,600 sqft lot $87/sqft · 21% below area Est $176k · 21% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Be the first to live in this absolutely beautiful renovation minutes from Clifton Park. No expense was spared in this high-end designer property. The upper-level features three bedrooms and a Full bathroom. The floor plan of the main level allows for tons of natural light to fill the space making it the ideal living situation. The kitchen features new stainless-steel appliances, with granite countertops, as well as an open dining space for your enjoyment with new flooring throughout. In addition, the lower finished level features open space that can be used as an office or workout area and finished laundry space with new washer and dryer providing great storage as well as a half bathroom an

Key facts

• Open dining space
• New washer and dryer
• Granite countertops

Tags

• HIGH-END DESIGNER PROPERTY
• NEW STAINLESS-STEEL APPLIANCES
• GRANITE COUNTERTOPS
• OPEN DINING SPACE
• FINISHED LAUNDRY SPACE
• NEW WASHER AND DRYER

Property features AI

Finance

• Financial info: Land assessed separately from improvements
• HOA & community: Ground rent paid annually

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Estimated original build date with effective year 2024
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Located within city limits; Directions: Bonaparte Ave and Aiken St.

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning (natural gas)
• Interior features: Basement with walkout stairs
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $748 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.7% 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 (+1.6%/yr); 330 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); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 39% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k 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 + 1.6% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 4y 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 $55k; list at $140k implies a 154% 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 $137,801 (1.5% below list)

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: 1.45% ✓
• Cap rate: 12.71%
• Cash-on-cash: 22.92%
• DSCR: 2.02
• GRM: 5.8

CMA / ARV

• ARV (median comp): $176,407
• List price: $139,900
• Delta: -20.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2014 N Wolfe St N	0.41mi	3/2.0	1,701 (+6%)	1mo	$220,000	$129	68
2227 Cecil Ave	0.27mi	3/2.0	1,764 (+10%)	2mo	$195,000	$111	67
1623 Rutland Ave	0.54mi	3/3.0	1,700 (+6%)	1mo	$229,900	$135	57
1616 Homestead St	0.45mi	3/1.0	1,770 (+11%)	4mo	$111,000	$63	56
310 E 25th St	0.72mi	3/3.0	1,560 (-2%)	1mo	$308,999	$198	55
1502 E Hoffman St	0.62mi	3/2.5	1,500 (-6%)	3mo	$220,000	$147	54
1821 N Bond St	0.32mi	3/3.5	1,800 (+12%)	4mo	$245,000	$136	53
422 E Lanvale St	0.69mi	4/3.0 (+1)	1,566 (-2%)	1mo	$280,000	$179	52
326 E 26th St	0.72mi	3/2.0	1,496 (-6%)	2mo	$170,000	$114	52
1433 E Federal St	0.49mi	3/3.0	1,814 (+13%)	2mo	$181,900	$100	47
418 E Lanvale St	0.70mi	4/3.5 (+1)	1,500 (-6%)	6mo	$318,000	$212	39
1438 N Broadway	0.60mi	4/3.5 (+1)	1,820 (+14%)	5mo	$289,900	$159	32

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: 14.4%
• Equity multiple: 1.57×
• Total profit: $22,183
• Equity at exit: $20,860

10-year hold

• IRR: 22.1%
• Equity multiple: 2.77×
• Total profit: $69,510
• Equity at exit: $12,096

Cash invested: $39,172 (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 21218

• Rents YoY: 1.6%
• Active inventory: 330
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,026 high
• Mortgage (P&I): −$734
• Tax from tax record: −$61 /mo · $728/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $748

Break-even live

Break-even rent $1,079

Max offer price $139,900

Occupancy floor 58%

Sensitivity live

Price	-10% $827	-5% $788	+0% $748	+5% $709	+10% $669
Rent	-10% $588	-5% $668	+0% $748	+5% $828	+10% $908
Rate	-1.0pp $819	-0.5pp $784	base $748	+0.5pp $712	+1.0pp $675

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	25d	1	0.23mi
1607 Cliftview Ave Baltimore, MD	3.0	1.0	1200	$1,475	$1.23	44d	1	0.23mi
1803 N Dallas St Baltimore, MD	2.0	2.5	1250	$2,100	$1.68	25d	1	0.31mi
1512 E Lafayette Ave Baltimore, MD	3.0	2.5	1476	$1,950	$1.32	44d	1	0.32mi
1514 E Lafayette Ave Baltimore, MD	3.0	1.5	1215	$2,000	$1.65	25d	1	0.32mi
1511 E Lafayette Ave Baltimore, MD	4.0	3.5	1988	$2,650	$1.33	5d	1	0.34mi
2606 Cecil Ave Baltimore, MD	2.0	1.5	1200	$1,500	$1.25	44d	1	0.39mi
646 Cokesbury Ave Baltimore, MD	2.0	1.5	1200	$1,299	$1.08	44d	1	0.40mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	17d	1	0.40mi
1243 E Lanvale St Baltimore, MD	3.0	1.5	1281	$1,750	$1.37	3d	1	0.40mi
534 E 23rd St Baltimore, MD	3.0	2.5	1700	$2,350	$1.38	44d	1	0.46mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	25d	1	0.49mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	25d	1	0.55mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	44d	1	0.55mi
1629 N Wolfe St Baltimore, MD	3.0	3.0	1561	$1,800	$1.15	25d	1	0.61mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1800	$1,995	$1.11	44d	1	0.62mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1900	$1,899	$1.00	5d	1	0.62mi
450 E Lorraine Ave Baltimore, MD	3.0	1.0	1344	$1,695	$1.26	44d	1	0.63mi
324 E 23rd St Baltimore, MD	3.0	1.5	2018	$2,200	$1.09	25d	1	0.64mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	5d	1	0.64mi
428 E Lorraine Ave Baltimore, MD	3.0	2.0	1344	$1,875	$1.40	25d	1	0.66mi
428 E Lorraine Ave Unit 1 Baltimore, MD	3.0	1.5	1344	$1,875	$1.40	44d	1	0.66mi
411 E Lorraine Ave Baltimore, MD	3.0	1.5	1344	$2,200	$1.64	25d	1	0.67mi
412 E Lanvale St Baltimore, MD	3.0	2.0	1600	$3,100	$1.94	5d	1	0.67mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.68mi
458 E Federal St Baltimore, MD	2.0	2.5	1300	$1,850	$1.42	5d	1	0.68mi
456 E Federal St Baltimore, MD	2.0	2.0	1450	$1,850	$1.28	44d	1	0.69mi
400 E Lorraine Ave Baltimore, MD	3.0	1.0	1500	$1,800	$1.20	21d	1	0.69mi
437 Pitman Pl Baltimore, MD	2.0	3.0	1520	$1,650	$1.09	5d	1	0.69mi
312 E 25th St Baltimore, MD	4.0	3.5	1960	$2,800	$1.43	44d	1	0.70mi
936 Montpelier St Baltimore, MD	2.0	1.0	1260	$1,450	$1.15	25d	1	0.71mi
1827 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	25d	1	0.72mi
1823 Guilford Ave Unit G-1823 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.72mi
1813 Guilford Ave Unit G-1813 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.72mi
1809 Guilford Ave Unit G-1809 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.72mi
1807 Guilford Ave Unit G-1807 Baltimore, MD	3.0	3.5	1920	$2,750	$1.43	44d	1	0.73mi
908 E Preston St Baltimore, MD	3.0	2.0	1560	$1,300	$0.83	44d	1	0.73mi
412 E Federal St Baltimore, MD	2.0	2.5	1100	$1,700	$1.55	25d	1	0.73mi
1801 Guilford Ave Baltimore, MD	3.0	3.5	1921	$2,595	$1.35	25d	3	0.73mi
2300 N Calvert St Baltimore, MD	1.0–2.0	1.0–2.0	1100	$1,995	$1.81	3d	2	0.77mi

Listing history 27 events

1. 2026-05-07
   price $139,900 820-char remark
2. 2026-04-25
   listed $144,900 Active 820-char remark
3. 2025-12-31
   historical
4. 2025-11-09
   price $139,900
5. 2025-09-20
   price $144,500
6. 2025-08-18
   status Active
7. 2025-08-02
   historical Active Under Contract
8. 2025-06-22
   price $149,000
9. 2025-06-01
   price $151,000
10. 2025-05-15
    price $155,000
11. 2025-05-02
    listed $159,000 Active
12. 2025-04-02
    historical
13. 2025-04-01
    price $165,000
14. 2025-04-01
    price $172,500
15. 2025-04-01
    status Active
16. 2025-03-30
    historical
17. 2025-02-17
    status Active
18. 2025-01-29
    historical
19. 2024-12-18
    price $179,000
20. 2024-11-12
    listed $185,000 Active
21. 2024-05-01
    soldstatus $55,000
22. 2024-03-18
    soldstatus $55,000 Closed
23. 2024-01-23
    status Pending
24. 2023-12-11
    listed $30,000 Active
25. 2023-01-02
    historical
26. 2022-04-02
    listed $98,999 Active
27. 1997-05-16
    soldstatus $41,900

ⓘ 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: $728 · $61/mo
• Projected year-2 tax: $1,127 · $94/mo
• Expected delta: +$398/yr (+$33/mo · 54.7%)

ⓘ 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 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: $24,315
• − Mortgage interest: −$7,837
• − Property taxes: −$728
• − Insurance: −$700
• − Repairs & maintenance: −$1,945
• − Management: −$1,945
• − Depreciation: −$4,070
• Taxable income: $7,091
• Est. tax owed @ 24.0%: −$1,702
• After-tax cash flow: $7,276/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): 44,014
• Household income: $62,488
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 2564.0

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 0.58)
• Race & ethnicity: Black 60% White 26% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 87% English-only · Spanish 4% French/Haitian/Cajun 2% Chinese 2%

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: ▼ -463.14%
• Current HPI: 292.3986
• Rent YoY: ▲ 1.63%
• 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

+233.9% since first listed

28 events — show timeline

• 2026-05-21 Pending — BRIGHT MLS
• 2026-05-07 Price Changed $139,900 BRIGHT MLS
• 2026-04-25 Listed $144,900 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-11-09 Price Changed $139,900 BRIGHT MLS
• 2025-09-20 Price Changed $144,500 BRIGHT MLS
• 2025-08-18 Relisted — BRIGHT MLS
• 2025-08-02 Contingent — BRIGHT MLS
• 2025-06-22 Price Changed $149,000 BRIGHT MLS
• 2025-06-01 Price Changed $151,000 BRIGHT MLS
• 2025-05-15 Price Changed $155,000 BRIGHT MLS
• 2025-05-02 Listed $159,000 BRIGHT MLS
• 2025-04-02 Listing Removed — BRIGHT MLS
• 2025-04-01 Price Changed $165,000 BRIGHT MLS
• 2025-04-01 Price Changed $172,500 BRIGHT MLS
• 2025-04-01 Relisted — BRIGHT MLS
• 2025-03-30 Listing Removed — BRIGHT MLS
• 2025-02-17 Relisted — BRIGHT MLS
• 2025-01-29 Listing Removed — BRIGHT MLS
• 2024-12-18 Price Changed $179,000 BRIGHT MLS
• 2024-11-12 Listed $185,000 BRIGHT MLS
• 2024-05-01 Sold (Public Records) $55,000 Public Records
• 2024-03-18 Sold (MLS) $55,000 BRIGHT MLS
• 2024-01-23 Pending — BRIGHT MLS
• 2023-12-11 Listed $30,000 BRIGHT MLS
• 2023-01-02 Listing Removed — BRIGHT MLS
• 2022-04-02 Listed $98,999 BRIGHT MLS
• 1997-05-16 Sold (Public Records) $41,900 Public Records

Property tax history

+2.1%/yr

Latest (2025): $728 · +25.7% YoY. Source: county tax records.