4237 Flowerton Rd · Baltimore, MD 21229

$199,000

4 bd · 2.0 ba · 1,452 sqft · Townhouse public records · 96 Days on market

Built 1950 Est $200k · at est.

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Why this score? — see what drove the D 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 +14.6/30.0
• ARV discount +7.8/15.0
• 1% rule +4.9/10.0
• DSCR +4.4/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 4237 Flowerton Road! This fully renovated property offers a perfect blend of comfort, style, and functionality, making it an ideal place to create lasting memories. The open concept layout seamlessly connects the living room to the dining area, providing an ideal space for entertaining guests or enjoying family meals. The kitchen is a true chef's delight, with modern stainless steel appliances, ample cabinetry, and a convenient breakfast bar. There are three bedrooms and 2 full bathrooms. There is also a potential 4th bedroom on the lower level. The basement is fully finished and includes a living space, laundry room with washer and dryer, and a walk out to the yard. Additionally, there is a convenient private parking pad available in the rear of the property. This lovely home is conveniently located within close proximity to parks, schools, shopping centers and major transportation routes. This prime location offers the perfect balance of tranquility and accessibility, making it an excellent choice for your new home! Schedule your private showing today and join us for Open House this weekend.

Key facts

• Built 1950
• Listed 96 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $199k.

Deal economics

• At list price, monthly cash flow is $46 ($550/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $197k (0.8% below list).
• Recommended offer: $181k (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); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 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 (+5.4%/yr); 256 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 39% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($181k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $21k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% 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 $181,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 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 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.99% ✗
• Cap rate: 6.57%
• Cash-on-cash: 0.99%
• DSCR: 1.04
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $200,376
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1226 N Augusta Ave	0.21mi	3/2.0 (-1)	1,536 (+6%)	0mo	$212,000	$138	75
1244 N Augusta Ave	0.23mi	3/1.5 (-1)	1,408 (-3%)	3mo	$195,000	$138	75
509 Normandy Ave	0.51mi	4/2.5	1,458 (+0%)	1mo	$212,000	$145	72
1215 N Augusta Ave	0.23mi	3/1.5 (-1)	1,536 (+6%)	2mo	$138,000	$90	71
827 N Augusta Ave	0.18mi	3/2.0 (-1)	1,600 (+10%)	3mo	$211,000	$132	67
3707 Colborne Rd	0.48mi	3/2.0 (-1)	1,400 (-4%)	1mo	$220,000	$157	66
733 Lyndhurst St	0.40mi	3/1.5 (-1)	1,550 (+7%)	2mo	$85,000	$55	62
3716 Edmondson Ave	0.55mi	4/1.0	1,512 (+4%)	2mo	$130,000	$86	62
1007 Mount Holly St	0.45mi	4/2.0	1,290 (-11%)	2mo	$210,000	$163	59
1000 Mount Holly St	0.43mi	3/1.5 (-1)	1,290 (-11%)	1mo	$93,000	$72	54
3821 Stokes Dr	0.40mi	3/2.0 (-1)	1,254 (-14%)	1mo	$145,000	$116	53
101 Upmanor Rd	0.71mi	3/1.0 (-1)	1,408 (-3%)	1mo	$205,000	$146	52

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.56×
• Total profit: $-24,376
• Equity at exit: $29,672

10-year hold

• IRR: 0.9%
• Equity multiple: 1.07×
• Total profit: $3,842
• Equity at exit: $17,206

Cash invested: $55,720 (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 21229

• Rents YoY: 5.4%
• Active inventory: 256
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,974 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$387 /mo · $4,643/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $46

Break-even live

Break-even rent $1,916

Max offer price $199,000

Occupancy floor 93%

Sensitivity live

Price	-10% $158	-5% $102	+0% $46	+5% $-11	+10% $-67
Rent	-10% $-110	-5% $-32	+0% $46	+5% $124	+10% $202
Rate	-1.0pp $146	-0.5pp $96	base $46	+0.5pp $-6	+1.0pp $-58

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	4d	1	0.04mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	25d	1	0.20mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	45d	1	0.25mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	45d	1	0.26mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	45d	1	0.30mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	25d	1	0.49mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	25d	1	0.55mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	25d	1	0.62mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	25d	1	0.66mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	0.68mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	25d	1	0.69mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	45d	1	0.70mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	45d	1	0.71mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	45d	1	0.71mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	6d	1	0.80mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,750	$1.95	0d	1	0.80mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	25d	1	0.82mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	45d	1	0.93mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,500	$1.84	5d	2	0.95mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	45d	1	0.96mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	45d	1	0.96mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	16d	1	1.01mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	25d	1	1.03mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	25d	1	1.03mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	25d	1	1.05mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	45d	1	1.07mi
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	45d	1	1.07mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	25d	1	1.07mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	12d	1	1.07mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	45d	1	1.09mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	45d	1	1.10mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	45d	1	1.11mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,795	$1.09	0d	1	1.12mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	25d	1	1.14mi
5006 Windsor Mill Rd Baltimore, MD	1.0–3.0	1.0–2.0	776	$1,869	$2.41	0d	18	1.15mi
3904 Gwynns Falls Pkwy Baltimore, MD	3.0	2.0	1772	$2,600	$1.47	45d	1	1.16mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	45d	1	1.19mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	14d	1	1.20mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	45d	1	1.22mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	45d	1	1.26mi

Listing history 20 events

1. 2026-04-21
   status Pending
2. 2026-02-06
   price $199,000
3. 2026-01-15
   listed $219,990 Active
4. 2026-01-08
   historical $219,990
5. 2024-05-20
   historical
6. 2024-05-09
   listed $249,999 Active
7. 2024-04-25
   historical
8. 2023-08-22
   soldstatus $240,000
9. 2023-07-25
   soldstatus $240,000 Closed 1121-char remark

   Show marketing remark (1121 chars)

   Welcome to 4237 Flowerton Road! This fully renovated property offers a perfect blend of comfort, style, and functionality, making it an ideal place to create lasting memories. The open concept layout seamlessly connects the living room to the dining area, providing an ideal space for entertaining guests or enjoying family meals. The kitchen is a true chef's delight, with modern stainless steel appliances, ample cabinetry, and a convenient breakfast bar. There are three bedrooms and 2 full bathrooms. There is also a potential 4th bedroom on the lower level. The basement is fully finished and includes a living space, laundry room with washer and dryer, and a walk out to the yard. Additionally, there is a convenient private parking pad available in the rear of the property. This lovely home is conveniently located within close proximity to parks, schools, shopping centers and major transportation routes. This prime location offers the perfect balance of tranquility and accessibility, making it an excellent choice for your new home! Schedule your private showing today and join us for Open House this weekend.

10. 2023-06-16
    status Pending 1121-char remark

    Show marketing remark (1121 chars)

    Welcome to 4237 Flowerton Road! This fully renovated property offers a perfect blend of comfort, style, and functionality, making it an ideal place to create lasting memories. The open concept layout seamlessly connects the living room to the dining area, providing an ideal space for entertaining guests or enjoying family meals. The kitchen is a true chef's delight, with modern stainless steel appliances, ample cabinetry, and a convenient breakfast bar. There are three bedrooms and 2 full bathrooms. There is also a potential 4th bedroom on the lower level. The basement is fully finished and includes a living space, laundry room with washer and dryer, and a walk out to the yard. Additionally, there is a convenient private parking pad available in the rear of the property. This lovely home is conveniently located within close proximity to parks, schools, shopping centers and major transportation routes. This prime location offers the perfect balance of tranquility and accessibility, making it an excellent choice for your new home! Schedule your private showing today and join us for Open House this weekend.

11. 2023-06-08
    listed $229,500 Active 1121-char remark

    Show marketing remark (1121 chars)

    Welcome to 4237 Flowerton Road! This fully renovated property offers a perfect blend of comfort, style, and functionality, making it an ideal place to create lasting memories. The open concept layout seamlessly connects the living room to the dining area, providing an ideal space for entertaining guests or enjoying family meals. The kitchen is a true chef's delight, with modern stainless steel appliances, ample cabinetry, and a convenient breakfast bar. There are three bedrooms and 2 full bathrooms. There is also a potential 4th bedroom on the lower level. The basement is fully finished and includes a living space, laundry room with washer and dryer, and a walk out to the yard. Additionally, there is a convenient private parking pad available in the rear of the property. This lovely home is conveniently located within close proximity to parks, schools, shopping centers and major transportation routes. This prime location offers the perfect balance of tranquility and accessibility, making it an excellent choice for your new home! Schedule your private showing today and join us for Open House this weekend.

12. 2021-04-15
    soldstatus $192,000
13. 2021-01-29
    price $184,000
14. 2021-01-26
    soldstatus $192,000 Closed
15. 2021-01-19
    soldstatus $72,000
16. 2020-12-10
    status Pending
17. 2020-12-10
    price $192,000
18. 2020-12-09
    historical Active Under Contract
19. 2020-12-03
    listed $190,000 Active
20. 2018-11-19
    soldstatus $165,000

ⓘ 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: $4,643 · $387/mo
• Projected year-2 tax: $4,643 · $387/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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,684
• − Mortgage interest: −$11,147
• − Property taxes: −$4,643
• − Insurance: −$995
• − Repairs & maintenance: −$1,895
• − Management: −$1,895
• − Depreciation: −$5,789
• Taxable loss: −$2,679
• Est. tax savings @ 24.0%: +$643
• After-tax cash flow: $1,193/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+20.6% since first listed

20 events — show timeline

• 2026-04-21 Pending — BRIGHT MLS
• 2026-02-06 Price Changed $199,000 BRIGHT MLS
• 2026-01-15 Listed $219,990 BRIGHT MLS
• 2026-01-08 Coming Soon $219,990 BRIGHT MLS
• 2024-05-20 Listing Removed — BRIGHT MLS
• 2024-05-09 Listed $249,999 BRIGHT MLS
• 2024-04-25 Coming Soon — BRIGHT MLS
• 2023-08-22 Sold (Public Records) $240,000 Public Records
• 2023-07-25 Sold (MLS) $240,000 BRIGHT MLS
• 2023-06-16 Pending — BRIGHT MLS
• 2023-06-08 Listed $229,500 BRIGHT MLS
• 2021-04-15 Sold (Public Records) $192,000 Public Records
• 2021-01-29 Price Changed $184,000 BRIGHT MLS
• 2021-01-26 Sold (MLS) $192,000 BRIGHT MLS
• 2021-01-19 Sold (Public Records) $72,000 Public Records
• 2020-12-10 Pending — BRIGHT MLS
• 2020-12-10 Price Changed $192,000 BRIGHT MLS
• 2020-12-09 Contingent — BRIGHT MLS
• 2020-12-03 Listed $190,000 BRIGHT MLS
• 2018-11-19 Sold (Public Records) $165,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $4,643 · +9.8% YoY. Source: county tax records.