1652 Darley Ave · Baltimore, MD 21213

$59,900

3 bd · 1.0 ba · 630 sqft · Townhouse public records · 115 Days on market

Built 1920 875 sqft lot $95/sqft · 14% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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 the charm of this well-maintained townhouse nestled in the heart of Darley Park. Built in 1920, this residence is a blend of classic architecture and modern living. Step inside to find an open floor plan with lots of natural light and laminated flooring that seamlessly flows from the living, dining and kitchen areas, creating a warm atmosphere. The eat-in kitchen equipped with custom white cabinetry, quartz countertops and appliances, is perfect for culinary adventures, while the spacious dining area is great for gatherings. The three well-sized bedrooms and a full bathroom with convenient tub shower provide comfort and relaxation after a long day. While the unfinished basement offers endless possibilities for customization, whether you envision a recreation room, additional storage, or a workshop. Outside, you can enjoy the convenience of sidewalks and streetlights, enhancing the neighborhood's charm and safety. Don't miss the opportunity to make this townhouse your new home!

Key facts

• Open floor plan
• Laminated flooring
• Eat in kitchen

Tags

• WELL MAINTAINED TOWNHOUSE
• OPEN FLOOR PLAN
• NATURAL LIGHT
• LAMINATED FLOORING
• EAT IN KITCHEN
• CUSTOM WHITE CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $60k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 26.7% 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 (+5.2%/yr); 319 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 43% 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 $74 of equity ($414 loan paydown + $-340 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 $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 115 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y ago; this cycle's ask has dropped $25k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $54,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% 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: 3.08% ✓
• Cap rate: 26.69%
• Cash-on-cash: 72.85%
• DSCR: 4.24
• GRM: 2.7

CMA / ARV

• ARV (median comp): $121,178
• List price: $59,900
• Delta: -50.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 77.0%
• Equity multiple: 4.92×
• Total profit: $65,825
• Equity at exit: $15,711

10-year hold

• IRR: 79.7%
• Equity multiple: 10.86×
• Total profit: $165,438
• Equity at exit: $17,591

Cash invested: $16,772 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,842 high
• Mortgage (P&I): −$314
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $1,018

Break-even live

Break-even rent $553

Max offer price $59,900

Occupancy floor 40%

Sensitivity live

Price	-10% $1,052	-5% $1,035	+0% $1,018	+5% $1,001	+10% $984
Rent	-10% $873	-5% $945	+0% $1,018	+5% $1,091	+10% $1,164
Rate	-1.0pp $1,048	-0.5pp $1,033	base $1,018	+0.5pp $1,003	+1.0pp $987

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	0.71mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.72mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.80mi
2821 Mathews St Unit 27-668 Baltimore, MD	2.0	1.0	730	$1,050	$1.44	24d	1	0.84mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	24d	1	0.89mi
1708 Latrobe St Baltimore, MD	2.0	1.0	750	$2,250	$3.00	24d	1	0.97mi
231 E North Ave Baltimore, MD	3.0	1.0	430	$1,200	$2.79	17d	3	0.98mi
2315 St Paul St Baltimore, MD	1.0–2.0	1.0	579	$1,595	$2.75	2d	5	1.07mi
1100 Greenmount Ave Baltimore, MD	1.0–3.0	1.0–2.0	839	$2,584	$3.08	3d	1	1.09mi
1040 E 33rd St Baltimore, MD	1.0–2.0	1.0–2.0	775	$1,525	$1.97	3d	10	1.11mi
1312 Guilford Ave Baltimore, MD	1.0–2.0	1.0–2.0	1040	$1,850	$1.78	44d	6	1.15mi
103 E Mt Royal Ave Baltimore, MD	1.0–3.0	1.0–2.0	850	$2,624	$3.09	2d	17	1.20mi
214 E Chase St Unit 2 Baltimore, MD	2.0	1.0	600	$1,185	$1.98	44d	1	1.25mi
1301 Saint Paul St Baltimore, MD	3.0	1.0–3.0	1050	$2,399	$2.28	44d	1	1.25mi
1101 N Calvert St Baltimore, MD	2.0	1.0–2.0	910	$2,274	$2.50	2d	19	1.28mi
3126 Guilford Ave Apt A Baltimore, MD	2.0	1.0	700	$1,770	$2.53	4d	1	1.29mi
9 E Mount Royal Ave Baltimore, MD	1.0–2.0	1.0–2.0	724	$2,495	$3.44	2d	15	1.29mi
3130 Guilford Ave Apt B Baltimore, MD	2.0	1.0	700	$1,790	$2.56	18d	1	1.29mi
520 Somerset St Baltimore, MD	1.0–2.0	1.0–2.0	634	$1,578	$2.49	44d	1	1.31mi
1214 N Charles St Baltimore, MD	2.0	1.0–2.0	1103	$2,333	$2.11	2d	14	1.37mi
1201 W Mount Royal Ave Baltimore, MD	2.0	1.0–2.0	916	$2,894	$3.16	3d	12	1.41mi
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	5d	1	1.43mi
38 W Biddle St Baltimore, MD	2.0	1.0–2.0	750	$1,699	$2.27	5d	1	1.44mi
3721 Ellerslie Ave Baltimore, MD	1.0–3.0	1.0–2.0	894	$1,603	$1.79	2d	1	1.47mi
304 W North Ave Baltimore, MD	1.0–2.0	1.0	804	$890	$1.11	24d	5	1.50mi

Listing history 19 events

1. 2026-05-07
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Discover the charm of this well-maintained townhouse nestled in the heart of Darley Park. Built in 1920, this residence is a blend of classic architecture and modern living. Step inside to find an open floor plan with lots of natural light and laminated flooring that seamlessly flows from the living, dining and kitchen areas, creating a warm atmosphere. The eat-in kitchen equipped with custom white cabinetry, quartz countertops and appliances, is perfect for culinary adventures, while the spacious dining area is great for gatherings. The three well-sized bedrooms and a full bathroom with convenient tub shower provide comfort and relaxation after a long day. While the unfinished basement offers endless possibilities for customization, whether you envision a recreation room, additional storage, or a workshop. Outside, you can enjoy the convenience of sidewalks and streetlights, enhancing the neighborhood's charm and safety. Don't miss the opportunity to make this townhouse your new home!

2. 2026-04-16
   price $59,900 1000-char remark

   Show marketing remark (1000 chars)

   Discover the charm of this well-maintained townhouse nestled in the heart of Darley Park. Built in 1920, this residence is a blend of classic architecture and modern living. Step inside to find an open floor plan with lots of natural light and laminated flooring that seamlessly flows from the living, dining and kitchen areas, creating a warm atmosphere. The eat-in kitchen equipped with custom white cabinetry, quartz countertops and appliances, is perfect for culinary adventures, while the spacious dining area is great for gatherings. The three well-sized bedrooms and a full bathroom with convenient tub shower provide comfort and relaxation after a long day. While the unfinished basement offers endless possibilities for customization, whether you envision a recreation room, additional storage, or a workshop. Outside, you can enjoy the convenience of sidewalks and streetlights, enhancing the neighborhood's charm and safety. Don't miss the opportunity to make this townhouse your new home!

3. 2026-03-16
   price $67,500 1000-char remark

   Show marketing remark (1000 chars)

   Discover the charm of this well-maintained townhouse nestled in the heart of Darley Park. Built in 1920, this residence is a blend of classic architecture and modern living. Step inside to find an open floor plan with lots of natural light and laminated flooring that seamlessly flows from the living, dining and kitchen areas, creating a warm atmosphere. The eat-in kitchen equipped with custom white cabinetry, quartz countertops and appliances, is perfect for culinary adventures, while the spacious dining area is great for gatherings. The three well-sized bedrooms and a full bathroom with convenient tub shower provide comfort and relaxation after a long day. While the unfinished basement offers endless possibilities for customization, whether you envision a recreation room, additional storage, or a workshop. Outside, you can enjoy the convenience of sidewalks and streetlights, enhancing the neighborhood's charm and safety. Don't miss the opportunity to make this townhouse your new home!

4. 2026-02-11
   price $74,900 1000-char remark

   Show marketing remark (1000 chars)

   Discover the charm of this well-maintained townhouse nestled in the heart of Darley Park. Built in 1920, this residence is a blend of classic architecture and modern living. Step inside to find an open floor plan with lots of natural light and laminated flooring that seamlessly flows from the living, dining and kitchen areas, creating a warm atmosphere. The eat-in kitchen equipped with custom white cabinetry, quartz countertops and appliances, is perfect for culinary adventures, while the spacious dining area is great for gatherings. The three well-sized bedrooms and a full bathroom with convenient tub shower provide comfort and relaxation after a long day. While the unfinished basement offers endless possibilities for customization, whether you envision a recreation room, additional storage, or a workshop. Outside, you can enjoy the convenience of sidewalks and streetlights, enhancing the neighborhood's charm and safety. Don't miss the opportunity to make this townhouse your new home!

5. 2026-01-12
   listed $84,900 Active 1000-char remark

   Show marketing remark (1000 chars)

   Discover the charm of this well-maintained townhouse nestled in the heart of Darley Park. Built in 1920, this residence is a blend of classic architecture and modern living. Step inside to find an open floor plan with lots of natural light and laminated flooring that seamlessly flows from the living, dining and kitchen areas, creating a warm atmosphere. The eat-in kitchen equipped with custom white cabinetry, quartz countertops and appliances, is perfect for culinary adventures, while the spacious dining area is great for gatherings. The three well-sized bedrooms and a full bathroom with convenient tub shower provide comfort and relaxation after a long day. While the unfinished basement offers endless possibilities for customization, whether you envision a recreation room, additional storage, or a workshop. Outside, you can enjoy the convenience of sidewalks and streetlights, enhancing the neighborhood's charm and safety. Don't miss the opportunity to make this townhouse your new home!

6. 2024-10-24
   historical $1,250
7. 2024-10-17
   price $1,250
8. 2024-09-16
   price $1,350
9. 2024-08-13
   price $1,595
10. 2024-07-23
    listed $1,495
11. 2023-07-13
    historical
12. 2023-06-23
    listed $80,000 Active
13. 2002-06-14
    historical
14. 2002-04-24
    listed
15. 2000-12-30
    historical
16. 2000-06-11
    listed
17. 2000-04-27
    soldstatus $53,000
18. 1998-09-01
    soldstatus $135,000
19. 1990-08-17
    soldstatus $553,000

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,177 · $98/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 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: $22,107
• − Mortgage interest: −$3,355
• − Property taxes: −$1,177
• − Insurance: −$300
• − Repairs & maintenance: −$1,769
• − Management: −$1,769
• − Depreciation: −$1,743
• Taxable income: $11,996
• Est. tax owed @ 24.0%: −$2,879
• After-tax cash flow: $9,340/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

-89.2% since first listed

19 events — show timeline

• 2026-05-07 Pending — BRIGHT MLS
• 2026-04-16 Price Changed $59,900 BRIGHT MLS
• 2026-03-16 Price Changed $67,500 BRIGHT MLS
• 2026-02-11 Price Changed $74,900 BRIGHT MLS
• 2026-01-12 Listed $84,900 BRIGHT MLS
• 2024-10-24 Rental Removed $1,250 APPFOLIO
• 2024-10-17 Price Changed $1,250 APPFOLIO
• 2024-09-16 Price Changed $1,350 APPFOLIO
• 2024-08-13 Price Changed $1,595 APPFOLIO
• 2024-07-23 Listed for Rent $1,495 APPFOLIO
• 2023-07-13 Listing Removed — BRIGHT MLS
• 2023-06-23 Listed $80,000 BRIGHT MLS
• 2002-06-14 Delisted — MRIS
• 2002-04-24 Listed — MRIS
• 2000-12-30 Delisted — MRIS
• 2000-06-11 Listed — MRIS
• 2000-04-27 Sold (Public Records) $53,000 Public Records
• 1998-09-01 Sold (Public Records) $135,000 Public Records
• 1990-08-17 Sold (Public Records) $553,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $1,177 · +17.2% YoY. Source: county tax records.