2479 Druid Hill Ave · Baltimore, MD 21217

$82,500

3 bd · 1.0 ba · 1,334 sqft · Townhouse public records · 111 Days on market

Built 1900 $62/sqft · 7% below area Est $88k · 7% 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 +10.5/15.0
• 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
• Appreciation +0.0/10.0

Listing remarks MLS

Investment opportunity with tenant in place. This is a long term tenant with a 20+ yr history in the home. Currently on a M2M lease. Ideally, new owner would be willing to keep such a long term tenant in place. The home does need updating.

Key facts

• Built 1900
• Listed 111 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $82k.

Deal economics

• At list price, monthly cash flow is $740 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $82k).
• Recommended offer: $75k (9.0% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Zoned-school proficiency averages 32% at this address vs 12% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+6.6%/yr); 333 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $570 of loan paydown is wiped out by about $2k 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 $23k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $32k; list at $82k implies a 158% 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 $75,075 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 2.09% ✓
• Cap rate: 17.06%
• Cash-on-cash: 38.45%
• DSCR: 2.71
• GRM: 4.0

CMA / ARV

• ARV (median comp): $88,450
• List price: $82,500
• Delta: -6.73%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2418 Druid Hill Ave	0.07mi	3/1.5	1,328 (-0%)	6mo	$77,000	$58	89
2453 Mcculloh St	0.06mi	3/1.0	1,460 (+9%)	3mo	$99,900	$68	79
2115 Mcculloh St	0.35mi	3/1.5	1,350 (+1%)	4mo	$77,000	$57	77
2311 Orem Ave	0.42mi	3/1.0	1,284 (-4%)	5mo	$35,000	$27	70
2818 Woodbrook Ave	0.32mi	3/1.0	1,232 (-8%)	3mo	$45,500	$37	70
2820 Woodbrook Ave	0.32mi	3/1.5	1,232 (-8%)	2mo	$85,000	$69	69
700 Cumberland St	0.32mi	4/2.0 (+1)	1,280 (-4%)	3mo	$107,800	$84	67
1719 Baker St	0.51mi	2/1.0 (-1)	1,400 (+5%)	2mo	$19,250	$14	61
1735 N Payson St	0.57mi	3/1.5	1,250 (-6%)	6mo	$95,000	$76	56
1901 Linden Ave	0.55mi	2/1.5 (-1)	1,240 (-7%)	1mo	$275,000	$222	54
1707 N Pulaski St	0.66mi	3/2.0	1,200 (-10%)	0mo	$115,000	$96	49
2208 Mount Royal Ter	0.65mi	3/3.5	1,216 (-9%)	4mo	$299,900	$247	42

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

5-year hold

• IRR: 38.8%
• Equity multiple: 2.75×
• Total profit: $40,346
• Equity at exit: $12,301

10-year hold

• IRR: 47.1%
• Equity multiple: 6.41×
• Total profit: $124,892
• Equity at exit: $7,133

Cash invested: $23,100 (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 21217

• Rents YoY: 6.6%
• Active inventory: 333
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,722 high
• Mortgage (P&I): −$433
• Tax from tax record: −$153 /mo · $1,841/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $740

Break-even live

Break-even rent $785

Max offer price $82,500

Occupancy floor 52%

Sensitivity live

Price	-10% $787	-5% $763	+0% $740	+5% $717	+10% $693
Rent	-10% $604	-5% $672	+0% $740	+5% $808	+10% $876
Rate	-1.0pp $782	-0.5pp $761	base $740	+0.5pp $719	+1.0pp $697

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: $20,625
• Closing costs: $2,475
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2449 Druid Hill Ave Baltimore, MD	2.0	1.0	1100	$1,800	$1.64	45d	1	0.04mi
2433 Druid Hill Ave Baltimore, MD	2.0	2.5	1092	$1,999	$1.83	45d	1	0.06mi
2511 Madison Ave #2 Baltimore, MD	3.0	1.0	1100	$1,650	$1.50	45d	1	0.09mi
2409 Francis St Baltimore, MD	3.0	1.0	1298	$1,500	$1.16	45d	1	0.10mi
1121 Whitelock St Baltimore, MD	2.0	1.0	1180	$1,300	$1.10	45d	1	0.11mi
1507 Retreat St Unit 1 Baltimore, MD	3.0	3.0	1098	$2,500	$2.28	45d	1	0.12mi
1515 Retreat St Baltimore, MD	3.0	2.0	1098	$1,800	$1.64	25d	1	0.14mi
2505 Woodbrook Ave Baltimore, MD	4.0	2.0	1256	$1,745	$1.39	3d	1	0.18mi
1205 Clendenin St Baltimore, MD	3.0	1.5	1560	$800	$0.51	25d	1	0.19mi
2339 Eutaw Pl Ste 1 Baltimore, MD	2.0	1.0	1300	$1,275	$0.98	45d	1	0.22mi
519 Sanford Pl Baltimore, MD	3.0	1.0	1300	$1,650	$1.27	18d	1	0.26mi
2614 Pennsylvania Ave Baltimore, MD	1.0–3.0	1.0–2.0	982	$1,141	$1.16	6d	4	0.27mi
2636 Pennsylvania Ave Baltimore, MD	1.0–2.0	1.0	846	$956	$1.13	25d	4	0.27mi
2143 Druid Hill Ave Unit 2 Baltimore, MD	2.0	1.0	915	$1,400	$1.53	45d	1	0.31mi
1624 Westwood Ave Baltimore, MD	3.0	2.0	1000	$1,900	$1.90	45d	1	0.35mi
2202 Brookfield Ave Baltimore, MD	2.0	1.0	980	$1,600	$1.63	45d	1	0.35mi
2401 Brookfield Ave Baltimore, MD	2.0–3.0	1.0–2.0	1102	$1,675	$1.52	25d	3	0.35mi
810 Brooks Ln Unit 2 Baltimore, MD	3.0	1.0	900	$1,350	$1.50	22d	1	0.36mi
2407 Brookfield Ave Unit 4 Baltimore, MD	2.0	2.0	1300	$1,550	$1.19	45d	1	0.36mi
2037 McCulloh St Unit 3 Baltimore, MD	2.0	2.0	937	$1,650	$1.76	19d	1	0.38mi
1806 N Mount St Baltimore, MD	3.0	3.0	1200	$1,700	$1.42	21d	1	0.38mi
823 Newington Ave Unit 1 Baltimore, MD	2.0	1.0	913	$1,700	$1.86	19d	1	0.39mi
2402 Lakeview Ave Apt 2 Baltimore, MD	2.0	1.0	900	$1,250	$1.39	14d	1	0.40mi
2028 Druid Hill Ave Unit 1 Baltimore, MD	3.0	2.5	1437	$1,750	$1.22	4d	1	0.41mi
2028 Druid Hill Ave Baltimore, MD	3.0	2.5	1437	$1,799	$1.25	12d	1	0.41mi
1614 N Calhoun St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	45d	1	0.43mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	45d	1	0.45mi
2231 Orem Ave Baltimore, MD	3.0	1.5	1140	$1,750	$1.54	19d	1	0.45mi
1931 McCulloh St Unit 1 Baltimore, MD	3.0	1.0	1000	$1,500	$1.50	45d	1	0.46mi
1534 N Stricker St Baltimore, MD	2.0	1.5	900	$1,475	$1.64	16d	1	0.47mi
2301 Whittier Ave Unit 3 Baltimore, MD	2.0	2.0	1104	$1,650	$1.49	45d	1	0.47mi
2301 Whittier Ave Unit 1 Baltimore, MD	2.0	1.0	1104	$1,400	$1.27	45d	1	0.47mi
2301 Whittier Ave Unit 2 Baltimore, MD	2.0	2.0	1104	$1,400	$1.27	45d	1	0.47mi
2438 Callow Ave Baltimore, MD	2.0	2.0	950	$1,462	$1.54	25d	1	0.48mi
1920 McCulloh St Apt 2 Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	45d	1	0.48mi
2444 Callow Ave Unit B Baltimore, MD	2.0	1.0	980	$1,362	$1.39	6d	1	0.49mi
2201 Whittier Ave Baltimore, MD	4.0	2.0	1750	$1,700	$0.97	45d	1	0.49mi
2201 Whittier Ave Baltimore, MD	4.0	2.0	1750	$1,700	$0.97	19d	1	0.49mi
750 Reservoir St Unit B Baltimore, MD	2.0	2.0	900	$1,850	$2.06	45d	1	0.51mi
750 Reservoir St Unit A Baltimore, MD	2.0	1.0	900	$1,650	$1.83	45d	1	0.51mi

Listing history 21 events

1. 2026-06-21
   days on market $82,500 Active 111 DOM
2. 2026-06-18
   days on market $82,500 Active 108 DOM
3. 2026-06-17
   days on market $82,500 Active 107 DOM
4. 2026-06-16
   days on market $82,500 Active 106 DOM
5. 2026-06-15
   days on market $82,500 Active 105 DOM
6. 2026-06-13
   days on market $82,500 Active 103 DOM
7. 2026-06-09
   days on market $82,500 Active 99 DOM
8. 2026-06-08
   days on market $82,500 Active 98 DOM
9. 2026-06-07
   days on market $82,500 Active 97 DOM
10. 2026-06-04
    days on market $82,500 Active 94 DOM
11. 2026-06-03
    days on market $82,500 Active 93 DOM
12. 2026-06-02
    days on market $82,500 Active 92 DOM
13. 2026-06-01
    days on market $82,500 Active 91 DOM
14. 2026-05-31
    days on market $82,500 Active 90 DOM
15. 2026-03-02
    status Active 239-char remark

    Show marketing remark (239 chars)

    Investment opportunity with tenant in place. This is a long term tenant with a 20+ yr history in the home. Currently on a M2M lease. Ideally, new owner would be willing to keep such a long term tenant in place. The home does need updating.

16. 2026-02-27
    listed $82,500 239-char remark

    Show marketing remark (239 chars)

    Investment opportunity with tenant in place. This is a long term tenant with a 20+ yr history in the home. Currently on a M2M lease. Ideally, new owner would be willing to keep such a long term tenant in place. The home does need updating.

17. 2026-02-27
    historical 239-char remark

    Show marketing remark (239 chars)

    Investment opportunity with tenant in place. This is a long term tenant with a 20+ yr history in the home. Currently on a M2M lease. Ideally, new owner would be willing to keep such a long term tenant in place. The home does need updating.

18. 2026-02-10
    historical
19. 2025-08-21
    listed $85,000 Active
20. 2025-08-16
    historical
21. 2006-09-11
    soldstatus $32,000

ⓘ 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: $1,841 · $153/mo
• Projected year-2 tax: $1,841 · $153/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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

Taxation est. · year 1

• Rental income: $20,667
• − Mortgage interest: −$4,621
• − Property taxes: −$1,841
• − Insurance: −$412
• − Repairs & maintenance: −$1,653
• − Management: −$1,653
• − Depreciation: −$2,400
• Taxable income: $8,085
• Est. tax owed @ 24.0%: −$1,940
• After-tax cash flow: $6,941/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): 30,792
• Household income: $38,409
• Rent vs Own: 70.0% rent · 30.0% 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
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+157.8% since first listed

7 events — show timeline

• 2026-03-02 Relisted — BRIGHT MLS
• 2026-02-27 Listing Removed — BRIGHT MLS
• 2026-02-27 Listed $82,500 BRIGHT MLS
• 2026-02-10 Listing Removed — BRIGHT MLS
• 2025-08-21 Listed $85,000 BRIGHT MLS
• 2025-08-16 Coming Soon — BRIGHT MLS
• 2006-09-11 Sold (Public Records) $32,000 Public Records

Property tax history

+7.7%/yr

Latest (2025): $1,841 · +3.7% YoY. Source: county tax records.