2818 Presstman St
Baltimore, MD 21216 • Online auction • 3BR / 1.5BA rowhome
The $10,000 number is only an opening bid. The opportunity is the potential spread if the winning bid stays low. A same-street renovated 3BR/2BA property sold for $148,000 in February 2026, which supports a conservative exit rather than a fantasy ARV.
The numbers that matter
| Current ask / basis | $10K opening bid |
| Recommended max screen | $30K-$35K before contractor verification |
| Value / ARV screen | $140K-$165K |
| Rehab / reserve | $60K-$85K |
| Rent screen | $1,500-$1,650/mo |
| Estimated investor cash | ~$18K-$30K plus auction deposit |
| Primary strategy | Flip / BRRRR |
| Street View / block screen | Street View unavailable on major listing portal |
How I would screen the financing
Bridge / auction financing or cash acquisition. Rehab programs commonly start around 650 FICO; experienced investors with stronger files can qualify for materially higher purchase leverage plus rehab funding.
Rule: minimum FICO and maximum leverage are not assumed to occur in the same file. Property condition, experience, reserves, DSCR, state and loan amount can materially change the terms.
Block context is part of the underwriting
The public listing specifically says Street View is unavailable. The surrounding area is described as owner- and tenant-occupied two-story townhomes near Coppin State. Treat the block grade as unverified until a current drive-by or local agent video is completed.
Deal-breaking diligence
- Auction opens September 29 and closes September 30; the $10K list price is not the acquisition price.
- Street View is unavailable, so block quality must be independently verified before bidding.
- Ground rent is reported and must be understood.
- Do not exceed the max bid without a real interior/contractor scope.
Go back to the source.
The Deal Desk screen is a starting point. Verify current status, property condition, title, taxes, occupancy, legal use, rents, Street View / block context and any auction rules directly from the public source and local professionals.
“A good deal can survive conservative numbers and a street-level reality check.”Dr. Rob • Deal Desk
Want to pursue 2818 Presstman St?
Send the deal through the funding console. I will have the property, strategy, credit range, liquidity and experience in one clean packet.