2273 Reisterstown Rd · Baltimore, MD
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.75%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $755 – $1,403
Heat risk 7/10 · Major
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
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 +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Rent growth +4.2/5.0
- Livability +3.8/5.0
- Condition / age +2.5/5.0
- Schools +1.0/10.0
- ARV discount +0.3/15.0
- Appreciation +0.0/10.0
$89,999
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
* MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront was previously a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant . Newer appliances, fresh paint, and newer windows. Hot water heaters are 5 years young. Newer fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. Sold As is
Key facts
- Mixed use property
- Basement access
- Apartment upstairs
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath townhouse listed at $90k.
Deal economics
- At list price, monthly cash flow is $552 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $90k).
- Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.7% 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 (+6.6%/yr); 331 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
- At $1,617/mo this rent would consume 51% of the median local household income ($38k/yr) (locally 2921% 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 $622 of loan paydown is wiped out by about $3k 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 + 6.6% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 155 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 5y 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.
Risks & watch-outs
- Watch-outs: property tax is 2.9% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; 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.
Questions for the listing agent
- It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.80% ✓
- Cap rate
- 13.66%
- Cash-on-cash
- 26.30%
- DSCR
- 2.17
- GRM
- 4.6
CMA / ARV
- ARV (median comp)
- $77,537
- List price
- $89,999
- Delta
- 16.07%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2400 Reisterstown Rd | 0.12mi | 3/2.0 (+1) | 1,752 (+2%) | 5mo | $75,000 | $43 | 79 |
| 2105 Whittier Ave | 0.11mi | 3/1.5 (+1) | 1,587 (-8%) | 1mo | $80,000 | $50 | 73 |
| 2117 N Smallwood St | 0.31mi | 3/2.5 (+1) | 1,680 (-3%) | 1mo | $192,000 | $114 | 70 |
| 608 Cumberland St | 0.48mi | 3/2.0 (+1) | 1,700 (-1%) | 2mo | $90,000 | $53 | 64 |
| 2521 Reisterstown Rd | 0.27mi | 3/2.0 (+1) | 1,578 (-8%) | 3mo | $215,000 | $136 | 62 |
| 2820 Auchentoroly Ter | 0.15mi | 3/1.0 (+1) | 1,508 (-12%) | 8mo | $83,000 | $55 | 60 |
| 3104 Tioga Pkwy | 0.65mi | 3/2.0 (+1) | 1,640 (-5%) | 3mo | $217,000 | $132 | 50 |
| 1601 Ruxton Ave | 0.68mi | 3/1.0 (+1) | 1,568 (-9%) | 1mo | $90,000 | $57 | 47 |
| 2500 Brookfield Ave | 0.72mi | 3/3.0 (+1) | 1,786 (+4%) | 1mo | $365,000 | $204 | 47 |
| 3226 Tioga Pkwy | 0.63mi | 3/2.5 (+1) | 1,792 (+4%) | 8mo | $250,000 | $140 | 46 |
| 1520 Appleton St | 0.61mi | 3/3.5 (+1) | 1,920 (+11%) | 4mo | $215,000 | $112 | 34 |
| 1630 Moreland Ave | 0.69mi | 3/1.0 (+1) | 1,480 (-14%) | 6mo | $120,000 | $81 | 34 |
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 · 6.63% rent growth · sell at horizon
- IRR
- 24.5%
- Equity multiple
- 2.06×
- Total profit
- $26,794
- Equity at exit
- $13,419
- IRR
- 34.7%
- Equity multiple
- 4.81×
- Total profit
- $96,041
- Equity at exit
- $7,781
Cash invested: $25,200 (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
ZIP-level market 21217
- Rents YoY
- 6.6%
- Active inventory
- 331
- Price-to-rent
- 4.6×
Monthly cashflow live
- Estimated rent
- $1,617 high interval (Pro) →
- Mortgage (P&I)
- −$472
- Tax from tax record
- −$216 /mo · $2,588/yr
- Insurance
- −$37
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$340
- Net cashflow
- $552
Break-even live
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
- $22,500
- Closing costs
- $2,700
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2231 Orem Ave Baltimore, MD | 3.0 | 1.5 | 1140 | $1,750 | $1.54 | 17d | 1 | 0.05mi |
| 2301 Whittier Ave Unit 3 Baltimore, MD | 2.0 | 2.0 | 1104 | $1,650 | $1.49 | 44d | 1 | 0.08mi |
| 2301 Whittier Ave Unit 2 Baltimore, MD | 2.0 | 2.0 | 1104 | $1,400 | $1.27 | 44d | 1 | 0.08mi |
| 2301 Whittier Ave Unit 1 Baltimore, MD | 2.0 | 1.0 | 1104 | $1,400 | $1.27 | 44d | 1 | 0.08mi |
| 2614 Pennsylvania Ave Baltimore, MD | 1.0–3.0 | 1.0–2.0 | 982 | $876 | $0.89 | 4d | 4 | 0.31mi |
| 1515 Retreat St Baltimore, MD | 3.0 | 2.0 | 1098 | $1,800 | $1.64 | 24d | 1 | 0.35mi |
| 1507 Retreat St Unit 1 Baltimore, MD | 3.0 | 3.0 | 1098 | $2,500 | $2.28 | 44d | 1 | 0.36mi |
| 2204 Clifton Ave Baltimore, MD | 3.0 | 1.0 | 1400 | $1,450 | $1.04 | 4d | 1 | 0.36mi |
| 1806 N Mount St Baltimore, MD | 3.0 | 3.0 | 1200 | $1,700 | $1.42 | 20d | 1 | 0.43mi |
| 1729 N Fulton Ave Baltimore, MD | 3.0 | 2.0 | 1081 | $1,795 | $1.66 | 44d | 1 | 0.45mi |
| 2449 Druid Hill Ave Baltimore, MD | 2.0 | 1.0 | 1100 | $1,800 | $1.64 | 44d | 1 | 0.46mi |
| 2409 Francis St Baltimore, MD | 3.0 | 1.0 | 1298 | $1,500 | $1.16 | 44d | 1 | 0.47mi |
| 2433 Druid Hill Ave Baltimore, MD | 2.0 | 2.5 | 1092 | $1,999 | $1.83 | 44d | 1 | 0.48mi |
| 2511 Madison Ave #2 Baltimore, MD | 3.0 | 1.0 | 1100 | $1,650 | $1.50 | 44d | 1 | 0.50mi |
| 1816 N Bentalou St Baltimore, MD | 3.0 | 2.0 | 1350 | $1,700 | $1.26 | 11d | 1 | 0.53mi |
| 1816 N Bentalou St Baltimore, MD | 3.0 | 2.0 | 1350 | $1,700 | $1.26 | 24d | 1 | 0.53mi |
| 1616 N Fulton Ave Baltimore, MD | 3.0 | 2.0 | 1620 | $1,795 | $1.11 | 4d | 1 | 0.55mi |
| 1121 Whitelock St Baltimore, MD | 2.0 | 1.0 | 1180 | $1,300 | $1.10 | 44d | 1 | 0.55mi |
| 519 Sanford Pl Baltimore, MD | 3.0 | 1.0 | 1300 | $1,650 | $1.27 | 16d | 1 | 0.57mi |
| 2910 Reisterstown Rd Baltimore, MD | 1.0–3.0 | 1.0 | 950 | $1,314 | $1.38 | 15d | 4 | 0.59mi |
| 1205 Clendenin St Baltimore, MD | 3.0 | 1.5 | 1560 | $800 | $0.51 | 24d | 1 | 0.61mi |
| 3104 Tioga Pkwy Baltimore, MD | 3.0 | 2.0 | 1640 | $2,050 | $1.25 | 22d | 1 | 0.62mi |
| 1516 N Mount St Baltimore, MD | 3.0 | 1.5 | 1830 | $1,750 | $0.96 | 15d | 1 | 0.64mi |
| 2305 Wichita Ave Unit 1 Baltimore, MD | 3.0 | 1.0 | 1950 | $1,300 | $0.67 | 24d | 1 | 0.66mi |
| 1617-A Moreland Ave Unit 2nd Flr Baltimore, MD | 2.0 | 1.0 | 1500 | $1,400 | $0.93 | 44d | 1 | 0.66mi |
| 2339 Eutaw Pl Ste 1 Baltimore, MD | 2.0 | 1.0 | 1300 | $1,275 | $0.98 | 44d | 1 | 0.66mi |
| 1501 N Payson St Baltimore, MD | 3.0 | 1.0 | 1400 | $1,550 | $1.11 | 44d | 1 | 0.67mi |
| 1433 N Fulton Ave Baltimore, MD | 2.0 | 1.0 | 1200 | $1,500 | $1.25 | 44d | 1 | 0.70mi |
| 805 Brooks Ln #2 Baltimore, MD | 2.0 | 1.0 | 2120 | $1,500 | $0.71 | 3d | 1 | 0.74mi |
| 2401 Brookfield Ave Baltimore, MD | 2.0–3.0 | 1.0–2.0 | 1102 | $1,500 | $1.36 | 24d | 3 | 0.77mi |
| 2407 Brookfield Ave Unit 4 Baltimore, MD | 2.0 | 2.0 | 1300 | $1,550 | $1.19 | 44d | 1 | 0.77mi |
| 2636 W North Ave Baltimore, MD | 2.0–3.0 | 1.0–2.0 | 975 | $1,300 | $1.33 | 4d | 1 | 0.77mi |
| 2028 Druid Hill Ave Unit 1 Baltimore, MD | 3.0 | 2.5 | 1437 | $1,750 | $1.22 | 3d | 1 | 0.80mi |
| 2028 Druid Hill Ave Baltimore, MD | 3.0 | 2.5 | 1437 | $1,799 | $1.25 | 11d | 1 | 0.80mi |
| 1346 N Carey St Baltimore, MD | 2.0 | 1.5 | 1100 | $1,500 | $1.36 | 44d | 1 | 0.85mi |
| 2317 Callow Ave Unit E Baltimore, MD | 1.0 | 1.0 | 1100 | $1,600 | $1.45 | 44d | 1 | 0.91mi |
| 2812 Clifton Ave Baltimore, MD | 3.0 | 1.5 | 1650 | $1,850 | $1.12 | 44d | 1 | 0.93mi |
| 815 Lennox St Baltimore, MD | 3.0 | 3.5 | 1600 | $2,790 | $1.74 | 24d | 1 | 0.97mi |
| 1829 Eutaw Pl Unit B Baltimore, MD | 2.0 | 2.0 | 1278 | $2,100 | $1.64 | 4d | 1 | 0.99mi |
| 1613 Riggs Ave Baltimore, MD | 3.0 | 2.5 | 1800 | $1,800 | $1.00 | 24d | 1 | 1.00mi |
Listing history 27 events
-
2026-06-18days on market $89,999 Active 155 DOM
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2026-06-17days on market $89,999 Active 154 DOM
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2026-06-16days on market $89,999 Active 153 DOM
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2026-06-15days on market $89,999 Active 152 DOM
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2026-06-13days on market $89,999 Active 150 DOM
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2026-06-09days on market $89,999 Active 146 DOM
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2026-06-08days on market $89,999 Active 145 DOM
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2026-06-07days on market $89,999 Active 144 DOM
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2026-06-04days on market $89,999 Active 141 DOM
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2026-06-03days on market $89,999 Active 140 DOM
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2026-06-02days on market $89,999 Active 139 DOM
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2026-06-01days on market $89,999 Active 138 DOM
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2026-05-31days on market $89,999 Active 137 DOM
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2026-01-14$89,999 Active 410-char remark
Show marketing remark (410 chars)
* MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront was previously a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant . Newer appliances, fresh paint, and newer windows. Hot water heaters are 5 years young. Newer fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. Sold As is
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2022-07-01soldstatus $115,000
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2022-05-13soldstatus $115,000 Closed 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2022-03-29historical Active Under Contract 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2022-01-25price $124,900 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2021-09-13price $129,900 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2021-09-01$130,000 Active 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2021-08-31soldstatus $115,000 Closed 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2021-07-26historical Active Under Contract 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2021-07-14status Active 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
-
2021-07-06historical Active Under Contract 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2021-05-26$130,000 Active 541-char remark
Show marketing remark (541 chars)
* IMMEDIATE CASHFLOW * * MIXED USE PROPERTY * Spacious storefront with 2br / 1ba apartment upstairs. Storefront is currently occupied by a hair salon. Unit includes a half bathroom, basement/backyard access, and ample storage towards the back. Apartment is vacant and move in ready. New appliances, fresh paint, and new windows. Hot water heaters are 3 years young. New fence in the backyard. Minutes from Baltimore Zoo, Mondawmin, and I- 83. SELLER IS OFFERING A ONE YEAR HOME WARRANTY AND $2,500 CREDIT TOWARDS BUYER'S CLOSING COSTS.
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2001-11-01soldstatus $35,000
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1993-03-10soldstatus $12,000
ⓘ 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
- $2,588 · $216/mo
- Projected year-2 tax
- $2,588 · $216/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 6/10 Major FEMA zone X (unshaded) · 75% 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,403
- − Mortgage interest
- −$5,041
- − Property taxes
- −$2,588
- − Insurance
- −$450
- − Repairs & maintenance
- −$1,552
- − Management
- −$1,552
- − Depreciation
- −$2,618
- Taxable income
- $5,601
- Est. tax owed @ 24.0%
- −$1,344
- After-tax cash flow
- $5,282/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
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)
- 30,792
- Household income
- $38,409
- Rent vs Own
- Severe rent burden
- 2921.0
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 (81%)
- Race & ethnicity
- Black 81% White 12% Two or more races 4% Hispanic / Latino 2% Asian 2%
- Common ancestry
- Romanian 1% Hispanic 1% Italian 1%
- Foreign-born
- 5% · Canada, China, South Korea
- Languages at home
- 94% English-only · Spanish 2% French/Haitian/Cajun 1% 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
- ▼ -187.20%
- Current HPI
- 104.2102
- Rent YoY
- ▲ 6.63%
- 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 |
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| Utilities | 1 | $25B |
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| Hotels | 1 | $24B |
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| Consumer Goods | 1 | $7B |
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| Real Estate | 1 | $6B |
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| Chemicals | 1 | $2B |
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Price history
+650.0% since first listed14 events — show timeline
- 2026-01-14 Listed $89,999 BRIGHT MLS
- 2022-07-01 Sold (Public Records) $115,000 Public Records
- 2022-05-13 Sold (MLS) $115,000 BRIGHT MLS
- 2022-03-29 Contingent — BRIGHT MLS
- 2022-01-25 Price Changed $124,900 BRIGHT MLS
- 2021-09-13 Price Changed $129,900 BRIGHT MLS
- 2021-09-01 Listed $130,000 BRIGHT MLS
- 2021-08-31 Sold (MLS) $115,000 BRIGHT MLS
- 2021-07-26 Contingent — BRIGHT MLS
- 2021-07-14 Relisted — BRIGHT MLS
- 2021-07-06 Contingent — BRIGHT MLS
- 2021-05-26 Listed $130,000 BRIGHT MLS
- 2001-11-01 Sold (Public Records) $35,000 Public Records
- 1993-03-10 Sold (Public Records) $12,000 Public Records
Property tax history
+2.6%/yrLatest (2025): $2,588 · +0.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…