1071 Wilmington Ave · Baltimore, MD 21223

$165,000

3 bd · 2.0 ba · 1,330 sqft · Townhouse public records · 5 Days on market

Built 1944 2,178 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 +21.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.3/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

One of the finest improved/renovated townhomes in the Morell Park/Wilkens SD!!!!The first intended purchaser if well qualified will be the new buyer with flexible settlement terms. Truly a pleasure to preview or purchase. Many ceiling fans & quality upgrades. A fully fenced and well shrubbed rear yard. Call L. A. for further info and access.

Key facts

• Built 1944
• Listed 4 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Natural gas for heating, cooling, and hot water; Public water; Public sewer; Municipal trash collection
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in average to good condition; Estimated year built
• Construction: Brick construction; Brick/mortar foundation; Built-up roof; Screens and storm windows; Above-grade structure
• Exterior features: Rear entrance basement; Unfinished basement; Public water and public sewer; Municipal trash service; Not in a federal flood zone; Annual ground rent payment

Interior

• Kitchen: Galley-style kitchen
• Bedrooms: 3 bedrooms on the first upper level
• Flooring: Carpet; Hardwood
• Bathrooms: 2 full bathrooms (1 on main level, 1 on first upper level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (natural gas)
• Interior features: Galley kitchen layout; Insulated and storm doors; Drywall walls and ceilings
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $165k.

Deal economics

• At list price, monthly cash flow is $260 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 8.2% 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 (+7.5%/yr); 425 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); 45% 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 44% of the median local income ($46k/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 $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 + 7.5% rent growth), your $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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 $108k; list at $165k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — 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 $165,000

Questions for the listing agent

1. Built in 1944 — 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: 1.03% ✓
• Cap rate: 8.18%
• Cash-on-cash: 6.76%
• DSCR: 1.30
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $107,730
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2737 Wilkens Ave	0.39mi	3/1.0	1,232 (-7%)	4mo	$53,000	$43	62
3424 Wilkens Ave	0.61mi	3/2.5	1,280 (-4%)	2mo	$207,000	$162	62
2680 Saint Benedict St	0.51mi	3/2.0	1,445 (+9%)	2mo	$45,000	$31	60
2613 Dulany St	0.61mi	4/1.0 (+1)	1,332 (+0%)	6mo	$60,000	$45	57
3017 Frederick Ave	0.52mi	4/3.0 (+1)	1,260 (-5%)	2mo	$217,000	$172	56
308 S Mount Olivet Ln	0.69mi	3/2.0	1,280 (-4%)	7mo	$200,000	$156	56
2802 Sunset Dr	0.32mi	2/1.5 (-1)	1,465 (+10%)	8mo	$118,000	$81	54
2719 Wilkens Ave	0.41mi	3/1.5	1,176 (-12%)	8mo	$134,000	$114	52
3053 Strickland St	0.39mi	2/2.0 (-1)	1,482 (+11%)	7mo	$157,000	$106	52
2513 Christian St	0.66mi	3/3.5	1,248 (-6%)	5mo	$92,500	$74	49
3382 Dulany St	0.59mi	3/1.0	1,454 (+9%)	6mo	$100,100	$69	48
2642 Wilkens Ave	0.52mi	2/1.5 (-1)	1,174 (-12%)	4mo	$51,000	$43	46

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-2,144
• Equity at exit: $24,602

10-year hold

• IRR: 12.6%
• Equity multiple: 2.20×
• Total profit: $55,630
• Equity at exit: $14,266

Cash invested: $46,200 (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 21223

• Rents YoY: 7.5%
• Active inventory: 425
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,695 high
• Mortgage (P&I): −$865
• Tax from tax record: −$145 /mo · $1,737/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $260

Break-even live

Break-even rent $1,366

Max offer price $165,000

Occupancy floor 80%

Sensitivity live

Price	-10% $353	-5% $307	+0% $260	+5% $213	+10% $167
Rent	-10% $126	-5% $193	+0% $260	+5% $327	+10% $394
Rate	-1.0pp $343	-0.5pp $302	base $260	+0.5pp $217	+1.0pp $174

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	5d	1	0.39mi
2738 Wilkens Ave Baltimore, MD	3.0	1.0	1183	$1,500	$1.27	45d	1	0.41mi
941 Brunswick St Baltimore, MD	3.0	1.5	1516	$1,650	$1.09	19d	1	0.43mi
941 Brunswick St Baltimore, MD	3.0	1.5	1558	$1,600	$1.03	45d	1	0.43mi
2671 Saint Benedict St Baltimore, MD	2.0	1.0	1144	$1,325	$1.16	45d	1	0.51mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	21d	1	0.53mi
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	45d	1	0.57mi
1633 Sexton St Baltimore, MD	4.0	3.0	1748	$1,999	$1.14	45d	1	0.64mi
2509 Christian St Baltimore, MD	4.0	2.0	1248	$1,699	$1.36	5d	1	0.67mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	12d	1	0.67mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	45d	1	0.67mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	25d	1	0.79mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	5d	1	0.83mi
476 S Bentalou St Baltimore, MD	2.0	1.5	1630	$1,300	$0.80	45d	1	0.85mi
110 S Catherine St Unit 1 Baltimore, MD	2.0	1.0	1330	$1,500	$1.13	45d	1	0.94mi
2056 Griffis Ave Baltimore, MD	3.0	1.5	1230	$1,495	$1.22	23d	1	0.95mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	25d	1	1.00mi
307 S Smallwood St Baltimore, MD	2.0	2.5	1400	$1,350	$0.96	45d	1	1.02mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	45d	1	1.03mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	25d	1	1.04mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	45d	1	1.04mi
3704 Coolidge Ave Baltimore, MD	2.0	1.0	1262	$2,000	$1.58	21d	1	1.07mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	25d	1	1.09mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	25d	1	1.17mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	45d	1	1.20mi
2225 W Baltimore St Baltimore, MD	3.0	2.5	1200	$1,600	$1.33	25d	1	1.20mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	45d	1	1.20mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	25d	1	1.21mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	19d	1	1.23mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	4d	1	1.26mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	25d	1	1.26mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	45d	1	1.26mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	45d	1	1.30mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	45d	1	1.35mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	45d	1	1.37mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	25d	1	1.37mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,434	$1.67	45d	1	1.38mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	5d	1	1.38mi
1912 W Baltimore St Unit 2 Baltimore, MD	2.0	1.5	1200	$2,100	$1.75	25d	1	1.38mi
738 Yale Ave Baltimore, MD	2.0	1.0	1346	$1,900	$1.41	25d	1	1.38mi

Listing history 14 events

1. 2026-06-21
   days on market $165,000 Active 5 DOM
2. 2026-06-18
   days on market $165,000 Active 2 DOM
3. 2026-06-17
   statusdays on market $165,000 Active 1 DOM
4. 2026-06-16
   days on market $165,000 Coming Soon 15 DOM
5. 2026-06-15
   days on market $165,000 Coming Soon 14 DOM
6. 2026-06-13
   days on market $165,000 Coming Soon 12 DOM
7. 2026-06-09
   remarks 660-char remark
8. 2026-06-09
   days on market $165,000 Coming Soon 8 DOM
9. 2026-06-08
   days on market $165,000 Coming Soon 7 DOM
10. 2026-06-07
    days on market $165,000 Coming Soon 6 DOM
11. 2026-06-04
    days on market $165,000 Coming Soon 3 DOM
12. 2026-06-03
    days on market $165,000 Coming Soon 2 DOM
13. 2026-06-01
    remarks 580-char remark
14. 2026-06-01
    listed $165,000 Coming Soon 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: $1,737 · $145/mo
• Projected year-2 tax: $1,768 · $147/mo
• Expected delta: +$31/yr (+$3/mo · 1.8%)

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

Taxation est. · year 1

• Rental income: $20,337
• − Mortgage interest: −$9,243
• − Property taxes: −$1,737
• − Insurance: −$825
• − Repairs & maintenance: −$1,627
• − Management: −$1,627
• − Depreciation: −$4,800
• Taxable income: $479
• Est. tax owed @ 24.0%: −$115
• After-tax cash flow: $3,006/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

+230.0% since first listed

8 events — show timeline

• 2026-06-01 Coming Soon $165,000 BRIGHT MLS
• 2026-05-28 Listing Removed — BRIGHT MLS
• 2026-05-28 Listed $165,000 BRIGHT MLS
• 2005-11-08 Sold (Public Records) $108,000 Public Records
• 2005-08-31 Sold (MLS) $108,000 MRIS
• 2005-06-30 Delisted — MRIS
• 2005-06-26 Listed $108,000 MRIS
• 1989-05-08 Sold (Public Records) $50,000 Public Records

Property tax history

-1.3%/yr

Latest (2025): $1,737 · +5.4% YoY. Source: county tax records.