3914 Eierman Ave · Baltimore, MD 21206

$126,000

3 bd · 2.0 ba · 1,628 sqft · Townhouse public records · 11 Days on market

Built 1963 1,728 sqft lot Est $168k · 25% under

---

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 +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity to own this beautiful renovated end-unit porchfront home located on a cul-de-sac. Tastefully designed with stylish fixtures, finishes, luxury vinyl plank flooring on the main and lower levels, and carpeting upstairs. This open concept layout provides a great space to entertain family and friends, from the cozy living room through to the the dining area and eat-in kitchen. The heart of the home, the kitchen is bright and open with sleek granite countertops, deep basin sink, lots of cabinet space, and a breakfast bar with overhead pendant lighting. Upstairs the Primary bedroom is spacious with a large closet, and there are 2 more generously sized bedrooms, and a full bath in the hall with tile flooring and tub and shower combo. The lower level is fully finished with space for a rec room, full bathroom with a shower and a laundry room with a full size washer and dryer and some room for storage. Enjoy spending time outside on your covered front porch in the spacious fenced in front yard or in your fenced-in backyard with space for entertaining and summer BBQs! Close to shops, restaurants, and commuter transportation and routes, you will not want to miss out on this newly renovated home! Schedule your tour today!

Key facts

• Built 1963
• Listed 11 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $126k.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $126k).
• Cap rate 12.0% 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 (+4.4%/yr); 173 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); 42% 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 37% of the median local income ($65k/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 $871 of loan paydown is wiped out by about $4k 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 + 4.4% rent growth), your $35k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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: property tax is 2.5% of price; flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; 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 $126,000

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.59% ✓
• Cap rate: 12.03%
• Cash-on-cash: 20.50%
• DSCR: 1.91
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $167,684
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3914 Eierman Ave	0.00mi	3/2.0	1,628 (0%)	0mo	$128,000	$79	100
4208 Sheldon Ave	0.18mi	3/2.0	1,680 (+3%)	2mo	$145,000	$86	84
4215 Seidel Ave	0.23mi	3/2.0	1,528 (-6%)	2mo	$186,500	$122	78
3004 Weaver Ave	0.65mi	3/2.0	1,687 (+4%)	3mo	$249,000	$148	62
2835 Brendan Ave	0.57mi	3/1.0	1,725 (+6%)	2mo	$76,500	$44	58
4114 Moravia Rd	0.27mi	3/1.0	1,390 (-15%)	2mo	$169,990	$122	58
2647 Chesterfield Ave	0.45mi	3/2.0	1,836 (+13%)	3mo	$190,000	$103	55
3401 Ramona Ave	0.55mi	3/2.0	1,812 (+11%)	0mo	$199,000	$110	55
3406 Ramona Ave	0.55mi	3/2.0	1,408 (-14%)	0mo	$85,000	$60	52
3211 Chesterfield Ave	0.54mi	2/1.0 (-1)	1,509 (-7%)	3mo	$150,000	$99	52
3444 Belair Rd	0.57mi	3/2.0	1,428 (-12%)	2mo	$131,000	$92	51
2846 Lake Ave	0.60mi	4/2.5 (+1)	1,455 (-11%)	2mo	$235,000	$162	46

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: 12.2%
• Equity multiple: 1.50×
• Total profit: $17,479
• Equity at exit: $18,787

10-year hold

• IRR: 22.4%
• Equity multiple: 3.07×
• Total profit: $72,960
• Equity at exit: $10,894

Cash invested: $35,280 (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 21206

• Rents YoY: 4.4%
• Active inventory: 173
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,001 high
• Mortgage (P&I): −$661
• Tax from tax record: −$265 /mo · $3,183/yr
• Insurance: −$52
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $547

Break-even live

Break-even rent $1,309

Max offer price $126,000

Occupancy floor 68%

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: $31,500
• Closing costs: $3,780
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	43d	1	0.06mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	4d	1	0.22mi
4244 Shamrock Ave Baltimore, MD	3.0	1.5	1920	$1,850	$0.96	23d	1	0.28mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	23d	1	0.33mi
3027 Shannon Dr Baltimore, MD	3.0	2.0	1950	$2,500	$1.28	43d	1	0.43mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	43d	1	0.45mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	10d	1	0.46mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	43d	1	0.49mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	23d	1	0.51mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	43d	1	0.51mi
3300 Dudley Ave Baltimore, MD	4.0	2.0	1724	$2,200	$1.28	43d	1	0.53mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	43d	1	0.55mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	2d	1	0.57mi
4718 Blue Ridge Ave Baltimore, MD	4.0	3.0	1744	$2,400	$1.38	11d	1	0.58mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.64mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	43d	1	0.64mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	23d	1	0.67mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	2d	1	0.69mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	23d	1	0.71mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	43d	1	0.73mi
3573 Shannon Dr Baltimore, MD	4.0	2.0	1493	$2,300	$1.54	17d	1	0.75mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	43d	1	0.77mi
3309 Southern Ave Unit 2 Baltimore, MD	2.0	1.0	1200	$1,600	$1.33	12d	1	0.80mi
2918 Grindon Ave Unit 1ST Baltimore, MD	2.0	1.0	2000	$1,250	$0.62	43d	1	0.84mi
3802 Biddison Ln Baltimore, MD	4.0	1.5	1443	$2,024	$1.40	11d	1	0.84mi
3572 Juneway Unit 1 Baltimore, MD	2.0	1.0	1800	$1,200	$0.67	43d	1	0.85mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	10d	1	0.85mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	43d	1	0.86mi
3514 Ailsa Ave Baltimore, MD	3.0	2.0	1800	$2,200	$1.22	43d	1	0.88mi
3005 Belair Rd Baltimore, MD	3.0	2.0	2000	$1,600	$0.80	17d	1	0.93mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.95mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	23d	1	1.00mi
3721 Frankford Ave Baltimore, MD	3.0	2.0	1600	$2,050	$1.28	43d	1	1.04mi
4116 Raymonn Ave Baltimore, MD	3.0	1.5	1244	$1,950	$1.57	43d	1	1.07mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	1.08mi
2911 Shirey Ave Baltimore, MD	4.0	2.0	1680	$2,500	$1.49	20d	1	1.10mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	43d	1	1.11mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	17d	1	1.13mi
2807 Shirey Ave Baltimore, MD	4.0	3.0	1190	$2,500	$2.10	14d	1	1.14mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	23d	1	1.15mi

Listing history 18 events

1. 2026-02-02
   status Pending
2. 2026-02-02
   price $126,000
3. 2026-01-23
   listed $125,000 Active
4. 2026-01-16
   historical $125,000
5. 2024-03-21
   soldstatus $192,000
6. 2024-01-30
   soldstatus $192,000 Closed 1245-char remark

   Show marketing remark (1245 chars)

   Great opportunity to own this beautiful renovated end-unit porchfront home located on a cul-de-sac. Tastefully designed with stylish fixtures, finishes, luxury vinyl plank flooring on the main and lower levels, and carpeting upstairs. This open concept layout provides a great space to entertain family and friends, from the cozy living room through to the the dining area and eat-in kitchen. The heart of the home, the kitchen is bright and open with sleek granite countertops, deep basin sink, lots of cabinet space, and a breakfast bar with overhead pendant lighting. Upstairs the Primary bedroom is spacious with a large closet, and there are 2 more generously sized bedrooms, and a full bath in the hall with tile flooring and tub and shower combo. The lower level is fully finished with space for a rec room, full bathroom with a shower and a laundry room with a full size washer and dryer and some room for storage. Enjoy spending time outside on your covered front porch in the spacious fenced in front yard or in your fenced-in backyard with space for entertaining and summer BBQs! Close to shops, restaurants, and commuter transportation and routes, you will not want to miss out on this newly renovated home! Schedule your tour today!

7. 2023-12-12
   status Pending 1245-char remark

   Show marketing remark (1245 chars)

   Great opportunity to own this beautiful renovated end-unit porchfront home located on a cul-de-sac. Tastefully designed with stylish fixtures, finishes, luxury vinyl plank flooring on the main and lower levels, and carpeting upstairs. This open concept layout provides a great space to entertain family and friends, from the cozy living room through to the the dining area and eat-in kitchen. The heart of the home, the kitchen is bright and open with sleek granite countertops, deep basin sink, lots of cabinet space, and a breakfast bar with overhead pendant lighting. Upstairs the Primary bedroom is spacious with a large closet, and there are 2 more generously sized bedrooms, and a full bath in the hall with tile flooring and tub and shower combo. The lower level is fully finished with space for a rec room, full bathroom with a shower and a laundry room with a full size washer and dryer and some room for storage. Enjoy spending time outside on your covered front porch in the spacious fenced in front yard or in your fenced-in backyard with space for entertaining and summer BBQs! Close to shops, restaurants, and commuter transportation and routes, you will not want to miss out on this newly renovated home! Schedule your tour today!

8. 2023-12-07
   listed $185,000 Active 1245-char remark

   Show marketing remark (1245 chars)

   Great opportunity to own this beautiful renovated end-unit porchfront home located on a cul-de-sac. Tastefully designed with stylish fixtures, finishes, luxury vinyl plank flooring on the main and lower levels, and carpeting upstairs. This open concept layout provides a great space to entertain family and friends, from the cozy living room through to the the dining area and eat-in kitchen. The heart of the home, the kitchen is bright and open with sleek granite countertops, deep basin sink, lots of cabinet space, and a breakfast bar with overhead pendant lighting. Upstairs the Primary bedroom is spacious with a large closet, and there are 2 more generously sized bedrooms, and a full bath in the hall with tile flooring and tub and shower combo. The lower level is fully finished with space for a rec room, full bathroom with a shower and a laundry room with a full size washer and dryer and some room for storage. Enjoy spending time outside on your covered front porch in the spacious fenced in front yard or in your fenced-in backyard with space for entertaining and summer BBQs! Close to shops, restaurants, and commuter transportation and routes, you will not want to miss out on this newly renovated home! Schedule your tour today!

9. 2023-12-04
   historical
10. 2023-10-30
    price $185,000
11. 2023-10-13
    listed $195,000 Active
12. 2023-10-11
    historical
13. 2023-05-23
    soldstatus $65,000 Closed
14. 2023-04-10
    status Pending
15. 2023-03-25
    historical Active Under Contract
16. 2023-03-03
    status Pending
17. 2023-03-02
    historical Active Under Contract
18. 2023-02-21
    listed $54,900 Active

ⓘ 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: $3,183 · $265/mo
• Projected year-2 tax: $3,183 · $265/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 9/10 Extreme FEMA zone X (unshaded) · 99% 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: $24,017
• − Mortgage interest: −$7,058
• − Property taxes: −$3,183
• − Insurance: −$1,296
• − Repairs & maintenance: −$1,921
• − Management: −$1,921
• − Depreciation: −$3,665
• Taxable income: $4,972
• Est. tax owed @ 24.0%: −$1,193
• After-tax cash flow: $5,372/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): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+129.5% since first listed

18 events — show timeline

• 2026-02-02 Pending — BRIGHT MLS
• 2026-02-02 Price Changed $126,000 BRIGHT MLS
• 2026-01-23 Listed $125,000 BRIGHT MLS
• 2026-01-16 Coming Soon $125,000 BRIGHT MLS
• 2024-03-21 Sold (Public Records) $192,000 Public Records
• 2024-01-30 Sold (MLS) $192,000 BRIGHT MLS
• 2023-12-12 Pending — BRIGHT MLS
• 2023-12-07 Listed $185,000 BRIGHT MLS
• 2023-12-04 Listing Removed — BRIGHT MLS
• 2023-10-30 Price Changed $185,000 BRIGHT MLS
• 2023-10-13 Listed $195,000 BRIGHT MLS
• 2023-10-11 Coming Soon — BRIGHT MLS
• 2023-05-23 Sold (MLS) $65,000 BRIGHT MLS
• 2023-04-10 Pending — BRIGHT MLS
• 2023-03-25 Contingent — BRIGHT MLS
• 2023-03-03 Pending — BRIGHT MLS
• 2023-03-02 Contingent — BRIGHT MLS
• 2023-02-21 Listed $54,900 BRIGHT MLS

Property tax history

+0.2%/yr

Latest (2025): $3,183 · +20.4% YoY. Source: county tax records.