3206 Hayward Ave · Baltimore, MD 21215

$99,770

4 bd · 2.0 ba · 1,216 sqft · Townhouse public records · 14 Days on market

Built 1915 1,306 sqft lot Est $147k · 32% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This investment property currently set up as a duplex presents a fantastic opportunity for investors or savvy buyers looking to add value. Located just steps from Pimlico Race Course in Baltimore, the property offers strong rental potential in a well-known and accessible area. The building features two separate units: a spacious 3-bedroom unit and a 1-bedroom unit, providing flexibility for rental income or multi-generational living. The possibilities with renovations make it an ideal project for those looking to customize and increase equity. With its prime location, solid layout, and income-producing potential, this is a great opportunity to invest in a growing area. Go check it out today before it's gone!

Key facts

• Built 1915
• Listed 14 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $100k.

Deal economics

• At list price, monthly cash flow is $843 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 16.4% 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 (+2.4%/yr); 351 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 44% of the median local income ($52k/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 $690 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 + 2.4% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,770

Questions for the listing agent

1. Built in 1915 — 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: 1.90% ✓
• Cap rate: 16.43%
• Cash-on-cash: 36.21%
• DSCR: 2.61
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $147,136
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3800 Hayward Ave	0.44mi	3/2.0 (-1)	1,224 (+1%)	6mo	$80,000	$65	68
5002 Chalgrove Ave	0.38mi	4/2.5	1,260 (+4%)	9mo	$232,000	$184	67
3015 Spaulding Ave	0.28mi	3/1.5 (-1)	1,300 (+7%)	5mo	$80,000	$62	64
3916 Hayward Ave	0.52mi	3/2.5 (-1)	1,248 (+3%)	3mo	$237,375	$190	62
5423 Jonquil Ave	0.47mi	3/1.0 (-1)	1,260 (+4%)	8mo	$87,000	$69	57
5424 Jonquil Ave	0.49mi	4/3.5	1,332 (+10%)	2mo	$200,000	$150	54
4911 Queensberry Ave	0.39mi	4/1.5	1,390 (+14%)	2mo	$155,000	$112	54
4917 Pembridge Ave	0.43mi	3/1.5 (-1)	1,120 (-8%)	8mo	$135,150	$121	53
5329 Cordelia Ave	0.43mi	3/1.0 (-1)	1,080 (-11%)	1mo	$105,000	$97	51
5422 Price Ave	0.62mi	3/1.5 (-1)	1,080 (-11%)	2mo	$140,000	$130	44
5118 Nelson Ave	0.56mi	3/2.0 (-1)	1,386 (+14%)	3mo	$219,000	$158	43
3824 Beehler Ave	0.74mi	3/1.5 (-1)	1,080 (-11%)	3mo	$88,000	$81	37

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: 31.3%
• Equity multiple: 2.30×
• Total profit: $36,414
• Equity at exit: $14,876

10-year hold

• IRR: 38.1%
• Equity multiple: 4.45×
• Total profit: $96,338
• Equity at exit: $8,626

Cash invested: $27,936 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,898 high
• Mortgage (P&I): −$523
• Tax from tax record: −$91 /mo · $1,096/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $843

Break-even live

Break-even rent $831

Max offer price $99,770

Occupancy floor 51%

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: $24,942
• Closing costs: $2,993
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	43d	1	0.04mi
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	43d	1	0.35mi
3016 Thorndale Ave Baltimore, MD	1.0–3.0	1.0	700	$1,200	$1.71	4d	14	0.45mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	43d	1	0.73mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	23d	1	0.81mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,979	$2.37	2d	7	0.95mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	17d	1	0.99mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	23d	1	1.11mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	17d	1	1.12mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	23d	1	1.13mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,325	$1.44	2d	4	1.18mi
4037 Cedardale Rd Baltimore, MD	5.0	3.0	1500	$2,800	$1.87	14d	1	1.27mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	43d	1	1.34mi
6310 Greenspring Ave Baltimore, MD	2.0–3.0	1.5–2.0	1080	$1,940	$1.80	3d	6	1.36mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	23d	1	1.39mi

Listing history 4 events

1. 2026-04-22
   status Pending 717-char remark

   Show marketing remark (717 chars)

   This investment property currently set up as a duplex presents a fantastic opportunity for investors or savvy buyers looking to add value. Located just steps from Pimlico Race Course in Baltimore, the property offers strong rental potential in a well-known and accessible area. The building features two separate units: a spacious 3-bedroom unit and a 1-bedroom unit, providing flexibility for rental income or multi-generational living. The possibilities with renovations make it an ideal project for those looking to customize and increase equity. With its prime location, solid layout, and income-producing potential, this is a great opportunity to invest in a growing area. Go check it out today before it's gone!

2. 2026-04-22
   status Pending

   Show marketing remark (717 chars)

   This investment property currently set up as a duplex presents a fantastic opportunity for investors or savvy buyers looking to add value. Located just steps from Pimlico Race Course in Baltimore, the property offers strong rental potential in a well-known and accessible area. The building features two separate units: a spacious 3-bedroom unit and a 1-bedroom unit, providing flexibility for rental income or multi-generational living. The possibilities with renovations make it an ideal project for those looking to customize and increase equity. With its prime location, solid layout, and income-producing potential, this is a great opportunity to invest in a growing area. Go check it out today before it's gone!

3. 2026-04-08
   listed $99,770 Active 717-char remark

   Show marketing remark (717 chars)

   This investment property currently set up as a duplex presents a fantastic opportunity for investors or savvy buyers looking to add value. Located just steps from Pimlico Race Course in Baltimore, the property offers strong rental potential in a well-known and accessible area. The building features two separate units: a spacious 3-bedroom unit and a 1-bedroom unit, providing flexibility for rental income or multi-generational living. The possibilities with renovations make it an ideal project for those looking to customize and increase equity. With its prime location, solid layout, and income-producing potential, this is a great opportunity to invest in a growing area. Go check it out today before it's gone!

4. 2026-04-08
   listed $99,770 Active

   Show marketing remark (717 chars)

   This investment property currently set up as a duplex presents a fantastic opportunity for investors or savvy buyers looking to add value. Located just steps from Pimlico Race Course in Baltimore, the property offers strong rental potential in a well-known and accessible area. The building features two separate units: a spacious 3-bedroom unit and a 1-bedroom unit, providing flexibility for rental income or multi-generational living. The possibilities with renovations make it an ideal project for those looking to customize and increase equity. With its prime location, solid layout, and income-producing potential, this is a great opportunity to invest in a growing area. Go check it out today before it's gone!

ⓘ 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: $1,096 · $91/mo
• Projected year-2 tax: $1,096 · $91/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 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,772
• − Mortgage interest: −$5,589
• − Property taxes: −$1,096
• − Insurance: −$499
• − Repairs & maintenance: −$1,822
• − Management: −$1,822
• − Depreciation: −$2,902
• Taxable income: $9,042
• Est. tax owed @ 24.0%: −$2,170
• After-tax cash flow: $7,946/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 (73%)
• Race & ethnicity: Black 73% White 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-22 Pending — BRIGHT MLS
• 2026-04-22 Pending — BRIGHT MLS
• 2026-04-08 Listed $99,770 BRIGHT MLS
• 2026-04-08 Listed $99,770 BRIGHT MLS

Property tax history

-2.8%/yr

Latest (2025): $1,096 · +16.7% YoY. Source: county tax records.