3170 Ravenwood Ave · Baltimore, MD 21213

$68,000

3 bd · 1.0 ba · 1,118 sqft · Townhouse public records · 28 Days on market

Built 1920 1,027 sqft lot Est $112k · 39% under

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Why this score? — see what drove the A- 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
• 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

NOT AN AUCTION, NOT A SHORT SALE, NOT A BANK OWNED, NOT A FORECLOSURE, NOT WHOLESALING---QUICK AND EASY. Buyer to pay all transfer and recording fees. In addition, this property qualifies for a special 5.75% mortgage program—a rare financing opportunity that makes this high-quality home even more affordable. Ask Listing Agent for details.

Key facts

• Built 1920
• Listed 28 days

Property features AI

Finance

• Other: Pets allowed with no pet restrictions
• HOA & community: Ground rent due annually

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Not in a federal flood zone; Fee simple ownership; Effective year built / major remodel: 2008
• Construction: Brick construction; Brick/mortar foundation; Shingle roof; Window screens; Above- and below-grade structures
• Exterior features: Sidewalks; Rear fencing; Patio(s); Porch(es)

Interior

• Kitchen: Disposal; Gas range/oven; Range hood; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; Natural gas hot water; Natural gas for cooling fuel
• Interior features: Family room opens off the kitchen; Kitchen has table space; Storm door(s)
• Laundry & utility: Washer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $68k.

Deal economics

• At list price, monthly cash flow is $888 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $68k).
• Recommended offer: $67k (1.5% below list) — sets the bar for market timing.
• Cap rate 22.0% 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 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 41% 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 $84 of equity ($470 loan paydown + $-386 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 $19k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago 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 1920 — 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 $66,980 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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: 2.59% ✓
• Cap rate: 21.96%
• Cash-on-cash: 55.96%
• DSCR: 3.49
• GRM: 3.2

CMA / ARV

• ARV (on-the-fly): $111,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3238 Ravenwood Ave	0.08mi	3/1.5	1,158 (+4%)	0mo	$70,000	$60	88
3236 Lyndale Ave	0.11mi	3/1.0	1,080 (-3%)	2mo	$161,855	$150	88
3217 Ravenwood Ave	0.06mi	3/1.0	1,046 (-6%)	4mo	$125,000	$120	84
2736 Mura St	0.68mi	3/2.0	1,120 (+0%)	0mo	$81,000	$72	64
3316 Cardenas Ave	0.57mi	2/1.0 (-1)	1,150 (+3%)	2mo	$63,000	$55	62
3555 Elmora Ave	0.45mi	4/2.0 (+1)	1,178 (+5%)	1mo	$254,000	$216	60
3805 Elmora Ave	0.75mi	3/2.0	1,096 (-2%)	1mo	$11,700	$11	57
3436 Cliftmont Ave	0.60mi	3/1.5	1,200 (+7%)	2mo	$120,000	$100	56
2811 E Biddle St	0.74mi	2/1.0 (-1)	1,148 (+3%)	2mo	$75,000	$65	54
3802 Lyndale Ave	0.73mi	2/1.5 (-1)	1,050 (-6%)	1mo	$160,000	$152	48
2821 Erdman Ave	0.53mi	2/2.0 (-1)	1,260 (+13%)	0mo	$75,000	$60	45
3427 Woodstock Ave	0.68mi	4/2.5 (+1)	1,240 (+11%)	3mo	$249,000	$201	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: 59.4%
• Equity multiple: 3.99×
• Total profit: $56,887
• Equity at exit: $17,836

10-year hold

• IRR: 63.0%
• Equity multiple: 8.72×
• Total profit: $146,991
• Equity at exit: $19,969

Cash invested: $19,040 (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: 3.2×

Monthly cashflow live

• Estimated rent: $1,760 high
• Mortgage (P&I): −$357
• Tax from tax record: −$117 /mo · $1,409/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $888

Break-even live

Break-even rent $636

Max offer price $68,000

Occupancy floor 45%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.09mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.11mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.13mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.13mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.14mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.14mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.16mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.16mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.16mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.17mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.17mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	24d	1	0.18mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.39mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.43mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.48mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.57mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.57mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.58mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.59mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	44d	1	0.62mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.63mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.64mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.64mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.67mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	44d	1	0.69mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	24d	1	0.71mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	44d	1	0.73mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	3d	1	0.77mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	0.78mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	44d	1	0.80mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	24d	1	0.80mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	44d	1	0.82mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	44d	1	0.83mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.83mi
2215 E Biddle St Baltimore, MD	2.0	2.5	1350	$1,800	$1.33	44d	1	0.83mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.85mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	0.88mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	44d	1	0.89mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.89mi
1607 Cliftview Ave Baltimore, MD	3.0	1.0	1200	$1,475	$1.23	44d	1	0.89mi

Listing history 28 events

1. 2026-06-18
   days on market $68,000 Active 28 DOM
2. 2026-06-17
   days on market $68,000 Active 27 DOM
3. 2026-06-16
   days on market $68,000 Active 26 DOM
4. 2026-06-15
   days on market $68,000 Active 25 DOM
5. 2026-06-13
   days on market $68,000 Active 23 DOM
6. 2026-06-09
   days on market $68,000 Active 19 DOM
7. 2026-06-08
   days on market $68,000 Active 18 DOM
8. 2026-06-07
   days on market $68,000 Active 17 DOM
9. 2026-06-04
   days on market $68,000 Active 14 DOM
10. 2026-06-03
    days on market $68,000 Active 13 DOM
11. 2026-06-02
    days on market $68,000 Active 12 DOM
12. 2026-06-01
    days on market $68,000 Active 11 DOM
13. 2026-05-31
    days on market $68,000 Active 10 DOM
14. 2026-05-21
    listed $68,000 Active
15. 2025-01-17
    soldstatus $230,000
16. 2023-01-20
    soldstatus $80,520
17. 2020-03-05
    soldstatus $1,050,150
18. 2013-10-10
    soldstatus $100,000
19. 2010-06-02
    historical Withdrawn
20. 2010-06-02
    historical
21. 2009-03-13
    listed
22. 2009-03-13
    listed $107,000
23. 2008-01-15
    soldstatus $57,500
24. 2007-12-07
    historical
25. 2007-12-07
    soldstatus $57,500 Sold
26. 2007-10-26
    listed $57,500
27. 1989-02-06
    soldstatus $34,000
28. 1989-02-06
    soldstatus $39,750

ⓘ 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: $1,409 · $117/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 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: $21,118
• − Mortgage interest: −$3,809
• − Property taxes: −$1,409
• − Insurance: −$340
• − Repairs & maintenance: −$1,689
• − Management: −$1,689
• − Depreciation: −$1,978
• Taxable income: $10,203
• Est. tax owed @ 24.0%: −$2,449
• After-tax cash flow: $8,206/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

+100.0% since first listed

15 events — show timeline

• 2026-05-21 Listed $68,000 BRIGHT MLS
• 2025-01-17 Sold (Public Records) $230,000 Public Records
• 2023-01-20 Sold (Public Records) $80,520 Public Records
• 2020-03-05 Sold (Public Records) $1,050,150 Public Records
• 2013-10-10 Sold (Public Records) $100,000 Public Records
• 2010-06-02 Delisted — MRIS
• 2010-06-02 Listing Removed — BRIGHT MLS
• 2009-03-13 Listed — MRIS
• 2009-03-13 Listed $107,000 BRIGHT MLS
• 2008-01-15 Sold (Public Records) $57,500 Public Records
• 2007-12-07 Delisted — MRIS
• 2007-12-07 Sold (MLS) $57,500 MRIS
• 2007-10-26 Listed $57,500 MRIS
• 1989-02-06 Sold (Public Records) $39,750 Public Records
• 1989-02-06 Sold (Public Records) $34,000 Public Records

Property tax history

-0.8%/yr

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