3307 Ravenwood Ave · Baltimore, MD 21213

$170,000

3 bd · 1.0 ba · 932 sqft · Townhouse public records · 82 Days on market

Built 1925 2,000 sqft lot $182/sqft · 135% above area

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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 +22.3/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.1/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks

Price improvement, Seller is motivated to sell! Previous contract failed due to financing! Their loss is your gain! Fully renovated 3-bedroom, 2-full bath home! Kitchen is a standout—white cabinetry, stainless steel appliances, and a central island set the tone for effortless living and entertaining. All work done by a licensed contractor! Eligible for 10K Vacants to Value incentive. Located in a revitalizing corridor of East Baltimore, this home offers easy access to local amenities, major commuter routes, and nearby greenways. Monitored Alarm Included! FOR SALE ONLY

Key facts

• Central island
• Fully renovated
• Open concept

Tags

• FULLY RENOVATED
• NATURAL LIGHT
• OPEN CONCEPT
• WHITE CABINETRY
• STAINLESS STEEL APPLIANCES
• CENTRAL ISLAND

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $160k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 (+5.2%/yr); 319 active listings in the ZIP; 40 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 40% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $209 of equity ($1k loan paydown + $-966 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $48k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y ago; this cycle's ask has dropped $35k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $159,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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: 1.01% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.05%
• DSCR: 1.31
• GRM: 8.2

CMA / ARV

• ARV (median comp): $108,623
• List price: $170,000
• Delta: 56.51%
• 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
3307 Elmora Ave	0.04mi	3/1.0	896 (-4%)	3mo	$155,000	$173	89
3427 Ravenwood Ave	0.10mi	3/1.0	896 (-4%)	0mo	$120,900	$135	88
3338 Elmora Ave	0.08mi	2/1.0 (-1)	896 (-4%)	2mo	$149,500	$167	83
3315 Lyndale Ave	0.08mi	2/1.5 (-1)	896 (-4%)	1mo	$145,000	$162	82
3410 Elmora Ave	0.10mi	3/2.0	896 (-4%)	4mo	$93,500	$104	82
3215 Elmora Ave	0.07mi	4/1.5 (+1)	896 (-4%)	5mo	$115,000	$128	79
3300 Elmley Ave	0.14mi	4/2.0 (+1)	952 (+2%)	5mo	$161,000	$169	77
3217 Ravenwood Ave	0.05mi	3/1.0	1,046 (+12%)	4mo	$125,000	$120	74
3332 Brendan Ave	0.63mi	3/1.5	870 (-7%)	1mo	$128,000	$147	56
2709 E Hoffman St	0.59mi	2/1.0 (-1)	840 (-10%)	1mo	$115,000	$137	50
3802 Lyndale Ave	0.64mi	2/1.5 (-1)	1,050 (+13%)	1mo	$160,000	$152	42
3131 Chesterfield Ave	0.74mi	2/1.0 (-1)	1,068 (+15%)	1mo	$75,000	$70	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.26×
• Total profit: $12,292
• Equity at exit: $44,589

10-year hold

• IRR: 13.0%
• Equity multiple: 2.43×
• Total profit: $67,969
• Equity at exit: $49,923

Cash invested: $47,600 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,721 high
• Mortgage (P&I): −$891
• Tax from tax record: −$117 /mo · $1,409/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $280

Break-even live

Break-even rent $1,367

Max offer price $170,000

Occupancy floor 79%

Sensitivity live

Price	-10% $376	-5% $328	+0% $280	+5% $231	+10% $183
Rent	-10% $144	-5% $212	+0% $280	+5% $347	+10% $415
Rate	-1.0pp $365	-0.5pp $323	base $280	+0.5pp $235	+1.0pp $191

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	25d	1	0.04mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	19d	1	0.06mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.08mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	19d	1	0.09mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.09mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	25d	1	0.10mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	25d	1	0.12mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	25d	1	0.48mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.52mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.53mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	25d	1	0.55mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	25d	1	0.57mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.61mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	23d	1	0.61mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.82mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	25d	1	0.83mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	25d	1	0.91mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	25d	1	0.92mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	25d	1	0.93mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	0.96mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	0.97mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	44d	1	1.08mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	1.10mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	1.12mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	4d	1	1.19mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	25d	1	1.20mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	16d	1	1.21mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	1.21mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	44d	1	1.22mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	20d	2	1.22mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	21d	1	1.22mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	44d	1	1.22mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	5d	1	1.22mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	5d	1	1.24mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	1.24mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	21d	1	1.24mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	25d	1	1.29mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	25d	1	1.30mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	25d	1	1.30mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	44d	1	1.32mi

Listing history 28 events

1. 2026-06-07
   statusdays on market $170,000 Pending 82 DOM
2. 2026-05-12
   historical
3. 2026-04-24
   price $170,000
4. 2026-04-02
   status Active
5. 2026-04-02
   status Active
6. 2026-04-02
   historical
7. 2026-03-12
   status Pending
8. 2026-03-05
   historical Active Under Contract
9. 2026-02-24
   price $190,000
10. 2026-02-12
    price $199,900
11. 2026-01-22
    listed $205,000 Active
12. 2026-01-22
    historical
13. 2026-01-07
    price $208,880
14. 2025-12-09
    price $208,900
15. 2025-11-15
    listed $209,000 Active
16. 2025-11-07
    historical
17. 2011-08-11
    historical Withdrawn
18. 2011-08-11
    historical
19. 2011-07-28
    listed Active
20. 2011-07-28
    listed $21,500
21. 2011-06-23
    historical
22. 2011-06-23
    historical
23. 2011-05-18
    price
24. 2011-05-12
    status Active
25. 2011-03-17
    status Contract
26. 2011-02-16
    price
27. 2010-11-10
    listed Active
28. 2010-11-10
    listed $14,900

ⓘ 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: $1,409 · $117/mo
• Projected year-2 tax: $1,631 · $136/mo
• Expected delta: +$222/yr (+$18/mo · 15.7%)

ⓘ 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 ≥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: $20,647
• − Mortgage interest: −$9,523
• − Property taxes: −$1,409
• − Insurance: −$850
• − Repairs & maintenance: −$1,652
• − Management: −$1,652
• − Depreciation: −$4,945
• Taxable income: $616
• Est. tax owed @ 24.0%: −$148
• After-tax cash flow: $3,206/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+1040.9% since first listed

27 events — show timeline

• 2026-05-12 Listing Removed — BRIGHT MLS
• 2026-04-24 Price Changed $170,000 BRIGHT MLS
• 2026-04-02 Relisted — BRIGHT MLS
• 2026-04-02 Relisted — BRIGHT MLS
• 2026-04-02 Listing Removed — BRIGHT MLS
• 2026-03-12 Pending — BRIGHT MLS
• 2026-03-05 Contingent — BRIGHT MLS
• 2026-02-24 Price Changed $190,000 BRIGHT MLS
• 2026-02-12 Price Changed $199,900 BRIGHT MLS
• 2026-01-22 Listing Removed — BRIGHT MLS
• 2026-01-22 Listed $205,000 BRIGHT MLS
• 2026-01-07 Price Changed $208,880 BRIGHT MLS
• 2025-12-09 Price Changed $208,900 BRIGHT MLS
• 2025-11-15 Listed $209,000 BRIGHT MLS
• 2025-11-07 Coming Soon — BRIGHT MLS
• 2011-08-11 Delisted — MRIS
• 2011-08-11 Listing Removed — BRIGHT MLS
• 2011-07-28 Listed — MRIS
• 2011-07-28 Listed $21,500 BRIGHT MLS
• 2011-06-23 Delisted — MRIS
• 2011-06-23 Listing Removed — BRIGHT MLS
• 2011-05-18 Price Changed — MRIS
• 2011-05-12 Relisted — MRIS
• 2011-03-17 Pending — MRIS
• 2011-02-16 Price Changed — MRIS
• 2010-11-10 Listed — MRIS
• 2010-11-10 Listed $14,900 BRIGHT MLS

Property tax history

-0.2%/yr

Latest (2025): $1,409 · +15.4% YoY. Source: county tax records.