404 Cambria St · Baltimore, MD 21225

$120,000

2 bd · 1.0 ba · 1,008 sqft · Townhouse public records · 60 Days on market

Built 1900 625 sqft lot $119/sqft · 18% above area Est $101k · 18% over

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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 +29.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 bed 1 bath interior unit townhome now available in Brooklyn!

Key facts

• Built 1900
• Listed 59 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $120k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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 (+4.1%/yr); 165 active listings in the ZIP; 38 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).
• This rent runs 36% of the median local income ($54k/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 $830 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 + 4.1% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y 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 $33k; list at $120k implies a 264% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.34% ✓
• Cap rate: 10.68%
• Cash-on-cash: 15.68%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

• ARV (median comp): $101,408
• List price: $120,000
• Delta: 18.33%
• 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
415 Cambria St	0.03mi	3/1.0 (+1)	968 (-4%)	3mo	$76,000	$79	85
3507 4th St	0.17mi	2/1.0	1,102 (+9%)	2mo	$50,000	$45	75
3916 2nd St	0.33mi	3/2.0 (+1)	1,024 (+2%)	2mo	$247,000	$241	71
3712 8th St	0.34mi	2/1.5	1,088 (+8%)	0mo	$60,000	$55	69
3547 5th St	0.11mi	3/2.5 (+1)	1,092 (+8%)	3mo	$205,000	$188	67
3731 10th St	0.55mi	2/1.0	1,041 (+3%)	3mo	$125,000	$120	66
4132 Doris Ave	0.51mi	3/1.5 (+1)	992 (-2%)	1mo	$215,000	$217	66
3948 Brooklyn Ave	0.40mi	3/1.5 (+1)	1,080 (+7%)	0mo	$90,000	$83	62
4144 Townsend Ave	0.57mi	3/1.5 (+1)	992 (-2%)	3mo	$90,100	$91	62
4009 8th St	0.42mi	2/2.5	1,088 (+8%)	2mo	$223,000	$205	60
28 Talbott St	0.37mi	3/1.0 (+1)	1,120 (+11%)	2mo	$80,000	$71	58
916 Jack St	0.51mi	3/1.5 (+1)	1,116 (+11%)	1mo	$145,000	$130	50

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 · 4.08% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.31×
• Total profit: $10,310
• Equity at exit: $17,892

10-year hold

• IRR: 17.9%
• Equity multiple: 2.56×
• Total profit: $52,487
• Equity at exit: $10,375

Cash invested: $33,600 (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 21225

• Home prices YoY: -31.9%
• Rents YoY: 4.1%
• Active inventory: 165
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,606 high
• Mortgage (P&I): −$629
• Tax from tax record: −$150 /mo · $1,804/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $439

Break-even live

Break-even rent $1,050

Max offer price $120,000

Occupancy floor 68%

Sensitivity live

Price	-10% $507	-5% $473	+0% $439	+5% $405	+10% $371
Rent	-10% $312	-5% $376	+0% $439	+5% $503	+10% $566
Rate	-1.0pp $500	-0.5pp $470	base $439	+0.5pp $408	+1.0pp $376

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3569 4th St Brooklyn, MD	2.0	1.5	1256	$1,200	$0.96	19d	1	0.04mi
3513 Horton Ave Brooklyn, MD	3.0	1.0	1020	$1,600	$1.57	19d	1	0.15mi
3528 6th St Brooklyn, MD	2.0	2.5	1060	$1,500	$1.42	19d	1	0.18mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	5d	1	0.19mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	25d	1	0.19mi
507 Washburn Ave Brooklyn, MD	3.0	1.5	1024	$2,500	$2.44	21d	1	0.19mi
603 Maude Ave Unit A Baltimore, MD	1.0	1.0	1294	$950	$0.73	5d	1	0.24mi
520 Baltic Ave Unit B Baltimore, MD	1.0	1.0	800	$1,050	$1.31	45d	1	0.29mi
3428 7th St Unit B Baltimore, MD	1.0	1.0	1294	$1,150	$0.89	45d	1	0.33mi
3840 8th St Brooklyn, MD	3.0	1.5	1088	$1,606	$1.48	5d	1	0.35mi
49 Talbott St Brooklyn, MD	2.0	1.0	1300	$1,300	$1.00	25d	1	0.44mi
837 E Jeffrey St Apt 1 Baltimore, MD	1.0	1.0	1116	$900	$0.81	19d	1	0.45mi
837 E Jeffrey St Unit 2 Baltimore, MD	1.0	1.0	1116	$900	$0.81	45d	1	0.45mi
4207 3rd St Unit 3 Brooklyn, MD	2.0	1.0	850	$1,595	$1.88	6d	1	0.49mi
4206 Audrey Ave Brooklyn, MD	2.0	2.0	1104	$1,275	$1.15	45d	1	0.50mi
4206 Audrey Ave Brooklyn, MD	3.0	3.0	1104	$1,950	$1.77	25d	1	0.50mi
4201 Audrey Ave Unit 1 Brooklyn, MD	2.0	1.0	1400	$1,350	$0.96	25d	1	0.52mi
4400 4th St Unit BASEMENT Baltimore, MD	2.0	1.0	925	$1,350	$1.46	45d	1	0.54mi
3826 10th St Unit Entire House Baltimore, MD	3.0	2.0	1110	$2,400	$2.16	25d	1	0.55mi
3828 10th St Brooklyn, MD	3.0	2.0	1215	$2,350	$1.93	45d	1	0.55mi
1049 E Patapsco Ave Unit a Baltimore, MD	2.0	1.0	748	$1,257	$1.68	45d	1	0.62mi
3816 W Bay Ave Unit 1 Baltimore, MD	2.0	1.0	1364	$1,155	$0.85	4d	1	0.64mi
217 W Edgevale Rd Brooklyn, MD	3.0	1.5	992	$1,800	$1.81	25d	1	0.65mi
1305 E Patapsco Ave Brooklyn, MD	3.0	1.5	930	$1,650	$1.77	5d	1	0.75mi
303 Arden Rd W Brooklyn, MD	3.0	2.0	1388	$2,500	$1.80	19d	1	0.76mi
1353 Cambria St Brooklyn, MD	3.0	2.0	986	$1,600	$1.62	19d	1	0.82mi
5215 Wasena Ave Brooklyn, MD	3.0	1.0	1030	$1,650	$1.60	45d	1	0.89mi
1 Ballman Ct Unit 2 Baltimore, MD	2.0	1.0	700	$1,250	$1.79	45d	1	0.90mi
1517 Sycamore St Curtis Bay, MD	3.0	1.5	1210	$1,999	$1.65	25d	1	0.94mi
5227 Patrick Henry Dr Brooklyn, MD	2.0	1.0	736	$1,326	$1.80	23d	1	0.95mi
511 Seagull Ave Brooklyn, MD	2.0	1.0	756	$1,550	$2.05	25d	1	1.03mi
130 Reedbird Ave Brooklyn, MD	2.0	1.0	1152	$1,700	$1.48	25d	1	1.03mi
1628 Plum St Apt B (CB) Baltimore, MD	1.0	1.0	800	$850	$1.06	25d	1	1.11mi
1411 Filbert St Unit 2 Baltimore, MD	2.0	1.0	1428	$1,300	$0.91	45d	1	1.12mi
2868 Potee St Baltimore, MD	1.0–3.0	1.0	720	$1,392	$1.93	3d	22	1.29mi
607 Cheraton Rd Brooklyn, MD	3.0	3.0	1200	$1,750	$1.46	16d	1	1.41mi
2745 Round Rd Brooklyn, MD	2.0	2.0	756	$1,800	$2.38	45d	1	1.43mi
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	16d	1	1.48mi

Listing history 32 events

1. 2026-06-21
   days on market $120,000 Active 60 DOM
2. 2026-06-18
   days on market $120,000 Active 57 DOM
3. 2026-06-17
   days on market $120,000 Active 56 DOM
4. 2026-06-16
   days on market $120,000 Active 55 DOM
5. 2026-06-15
   days on market $120,000 Active 54 DOM
6. 2026-06-13
   days on market $120,000 Active 52 DOM
7. 2026-06-09
   days on market $120,000 Active 48 DOM
8. 2026-06-08
   days on market $120,000 Active 47 DOM
9. 2026-06-07
   days on market $120,000 Active 46 DOM
10. 2026-06-04
    days on market $120,000 Active 43 DOM
11. 2026-06-03
    days on market $120,000 Active 42 DOM
12. 2026-06-02
    days on market $120,000 Active 41 DOM
13. 2026-06-01
    days on market $120,000 Active 40 DOM
14. 2026-05-31
    days on market $120,000 Active 39 DOM
15. 2026-04-22
    listed $120,000 Active 62-char remark

    Show marketing remark (62 chars)

    2 bed 1 bath interior unit townhome now available in Brooklyn!

16. 2009-05-15
    soldstatus $33,000 Sold 172-char remark

    Show marketing remark (172 chars)

    Home is being sold AS-IS, Seller will make no repairs. Buyer to verify if ground rent exsist, Seller will not redeem. All offers must have $1000 Deposit and Proof of Funds.

17. 2009-05-15
    soldstatus $33,000

    Show marketing remark (172 chars)

    Home is being sold AS-IS, Seller will make no repairs. Buyer to verify if ground rent exsist, Seller will not redeem. All offers must have $1000 Deposit and Proof of Funds.

18. 2009-04-24
    historical 172-char remark

    Show marketing remark (172 chars)

    Home is being sold AS-IS, Seller will make no repairs. Buyer to verify if ground rent exsist, Seller will not redeem. All offers must have $1000 Deposit and Proof of Funds.

19. 2009-04-24
    historical

    Show marketing remark (172 chars)

    Home is being sold AS-IS, Seller will make no repairs. Buyer to verify if ground rent exsist, Seller will not redeem. All offers must have $1000 Deposit and Proof of Funds.

20. 2009-04-03
    listed $32,000 172-char remark

    Show marketing remark (172 chars)

    Home is being sold AS-IS, Seller will make no repairs. Buyer to verify if ground rent exsist, Seller will not redeem. All offers must have $1000 Deposit and Proof of Funds.

21. 2009-04-03
    listed $32,000

    Show marketing remark (172 chars)

    Home is being sold AS-IS, Seller will make no repairs. Buyer to verify if ground rent exsist, Seller will not redeem. All offers must have $1000 Deposit and Proof of Funds.

22. 2006-09-18
    soldstatus $65,000
23. 2006-04-11
    soldstatus $65,000
24. 2006-01-10
    historical
25. 2005-11-21
    listed $65,000
26. 2005-08-08
    soldstatus $45,000
27. 2005-05-08
    soldstatus $45,000
28. 2005-04-12
    historical
29. 2004-12-27
    listed $52,000
30. 2004-09-15
    soldstatus $25,000
31. 2004-08-20
    historical
32. 2004-08-02
    listed $35,000

ⓘ 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: $1,804 · $150/mo
• Projected year-2 tax: $1,804 · $150/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 ≥102°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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,272
• − Mortgage interest: −$6,722
• − Property taxes: −$1,804
• − Insurance: −$600
• − Repairs & maintenance: −$1,542
• − Management: −$1,542
• − Depreciation: −$3,491
• Taxable income: $3,572
• Est. tax owed @ 24.0%: −$857
• After-tax cash flow: $4,412/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: Anne Arundel County · 535,653 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,062
• Household income: $54,020
• Rent vs Own: 50.4% rent · 49.6% own
• Severe rent burden: 1440.0

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 0.68)
• Race & ethnicity: Black 42% White 32% Hispanic / Latino 20% Two or more races 8% Native American 3% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 1% Iranian 1%
• Foreign-born: 12% · Canada, China
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -119.44%
• Current HPI: 254.5089
• Rent YoY: ▲ 4.08%
• 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

+242.9% since first listed

18 events — show timeline

• 2026-04-22 Listed $120,000 BRIGHT MLS
• 2009-05-15 Sold (MLS) $33,000 BRIGHT MLS
• 2009-05-15 Sold (MLS) $33,000 MRIS
• 2009-04-24 Delisted — MRIS
• 2009-04-24 Listing Removed — BRIGHT MLS
• 2009-04-03 Listed $32,000 MRIS
• 2009-04-03 Listed $32,000 BRIGHT MLS
• 2006-09-18 Sold (Public Records) $65,000 Public Records
• 2006-04-11 Sold (MLS) $65,000 MRIS
• 2006-01-10 Delisted — MRIS
• 2005-11-21 Listed $65,000 MRIS
• 2005-08-08 Sold (Public Records) $45,000 Public Records
• 2005-05-08 Sold (MLS) $45,000 MRIS
• 2005-04-12 Delisted — MRIS
• 2004-12-27 Listed $52,000 MRIS
• 2004-09-15 Sold (MLS) $25,000 MRIS
• 2004-08-20 Delisted — MRIS
• 2004-08-02 Listed $35,000 MRIS

Property tax history

+2.4%/yr

Latest (2025): $1,804 · +4.5% YoY. Source: county tax records.