6503 Gilmore St · Woodlawn, MD 21207

$275,000

4 bd · 1.0 ba · 1,510 sqft · SingleFamily public records · 5 Days on market

Built 1948 7,000 sqft lot $182/sqft · 13% below area Est $315k · 13% under

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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).

• ARV discount +13.2/15.0
• Cash flow +10.5/30.0
• Appreciation +9.8/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• DSCR +3.0/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Charming Cape Cod home, built in 1948, is filled with warmth, character, and timeless appeal, offering the perfect blend of comfort, functionality, and classic style. This residence features four bedrooms and two full bathrooms, providing a versatile layout ideal for a variety of lifestyles. The main level showcases beautiful hardwood floors throughout and an inviting sense of openness. A standout primary suite on the main floor is highlighted by stately architectural columns, skylights that flood the space with natural light, and an attached full bath for added comfort and convenience. Also on the main level is an additional bedroom and a full hall bathroom, creating an ideal setup for guests, family, or flexible use such as a home office. The eat-in kitchen serves as the heart of the home, featuring a cooktop, wall oven, dishwasher, and ample space for casual dining and everyday gatherings. The main level’s thoughtful flow makes both daily living and entertaining feel effortless. Upstairs, you’ll find two additional well-proportioned bedrooms that offer privacy and flexibility, perfect for sleeping quarters, creative spaces, or work-from-home needs. Outside, the property is beautifully framed by a landscaped front yard and a serene rear yard designed for relaxation and enjoyment. A covered front porch invites you to unwind with morning coffee, while the fenced backyard provides space for outdoor gatherings. An oversized detached garage adds valuable storage and functionality, and the unfinished basement offers even more storage or future expansion potential. Blending charm, practicality, and room to grow, this delightful Cape Cod is ready to welcome you home.

Key facts

• 7,000 sq ft lot
• Built 1948
• Listed 5 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-143 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $250k (9.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (22.2% below list).
• Recommended offer: $214k (22.2% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 4.3% in Woodlawn — 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 77/100 on livability (#78 in MD, #2,926 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: amenities D+, crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.2%/yr); 126 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).
• This rent runs 38% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (9.5% local appreciation)).
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $12k; list at $275k implies a 2192% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $213,842 (22.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
6. 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.
7. 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.
8. 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: 0.78% ✗
• Cap rate: 5.67%
• Cash-on-cash: -2.22%
• DSCR: 0.90
• GRM: 10.7

CMA / ARV

• ARV (median comp): $314,911
• List price: $275,000
• Delta: -12.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2003 Englewood Ave	0.21mi	3/2.0 (-1)	1,658 (+10%)	0mo	$350,000	$211	65
6621 Dogwood	0.31mi	3/1.0 (-1)	1,416 (-6%)	11mo	$330,000	$233	61
6 Bright Cir	0.21mi	3/2.0 (-1)	1,290 (-15%)	1mo	$275,000	$213	56
6721 Valley Creek Dr	0.51mi	4/2.5	1,560 (+3%)	13mo	$360,000	$231	53
2031 Englewood Ave	0.33mi	4/2.5	1,650 (+9%)	14mo	$360,000	$218	51
2203 Lukewood Dr	0.68mi	4/2.0	1,560 (+3%)	10mo	$358,000	$229	50
11 Summerfield Rd	0.53mi	3/2.0 (-1)	1,460 (-3%)	14mo	$270,000	$185	49
6725 Brookmont Dr	0.58mi	3/1.5 (-1)	1,536 (+2%)	17mo	$320,000	$208	48
3 Northland Rd	0.64mi	3/1.5 (-1)	1,573 (+4%)	11mo	$306,000	$195	47
5 Candlewood Ct	0.42mi	4/2.0	1,285 (-15%)	13mo	$385,000	$300	40
1836 Colmar Rd	0.46mi	3/3.0 (-1)	1,727 (+14%)	14mo	$405,000	$235	30
2127 Southland Rd	0.66mi	4/3.0	1,706 (+13%)	14mo	$405,000	$237	28

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

Projected returns pro-forma

9.5% appreciation · 5.23% rent growth · sell at horizon

5-year hold

• IRR: 22.3%
• Equity multiple: 2.77×
• Total profit: $136,214
• Equity at exit: $237,767

10-year hold

• IRR: 20.6%
• Equity multiple: 6.41×
• Total profit: $416,891
• Equity at exit: $502,498

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21207

• Home prices YoY: 1.1%
• Rents YoY: 5.2%
• Active inventory: 126
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,138 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$275 /mo · $3,302/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-143

Break-even live

Break-even rent $2,319

Max offer price $249,824

Occupancy floor —

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6330 Windsor Mill Rd Woodlawn, MD	3.0	1.0	1200	$1,600	$1.33	43d	1	0.39mi
6463 Woodgreen Cir Gwynn Oak, MD	3.0	2.5	1230	$1,900	$1.54	17d	1	0.82mi
2 Walden Birch Ct Woodlawn, MD	3.0	1.5	1022	$1,792	$1.75	5d	1	1.18mi
6301 Linus Dr Gwynn Oak, MD	4.0	3.0	1976	$3,495	$1.77	43d	1	1.28mi
4998 W Forest Park Ave Baltimore, MD	3.0	1.0–2.0	790	$1,875	$2.37	14d	15	1.42mi
5215 Muth Ave Gwynn Oak, MD	3.0	3.0	1205	$2,700	$2.24	14d	1	1.42mi
6226 Robin Hill Rd Gwynn Oak, MD	3.0	1.5	1140	$2,850	$2.50	16d	1	1.47mi
2420 Bibury Ln Windsor Mill, MD	1.0–3.0	1.0–2.0	979	$2,060	$2.10	1d	76	1.49mi

Listing history 5 events

1. 2026-05-19
   status Pending 1701-char remark

   Show marketing remark (1701 chars)

   Charming Cape Cod home, built in 1948, is filled with warmth, character, and timeless appeal, offering the perfect blend of comfort, functionality, and classic style. This residence features four bedrooms and two full bathrooms, providing a versatile layout ideal for a variety of lifestyles. The main level showcases beautiful hardwood floors throughout and an inviting sense of openness. A standout primary suite on the main floor is highlighted by stately architectural columns, skylights that flood the space with natural light, and an attached full bath for added comfort and convenience. Also on the main level is an additional bedroom and a full hall bathroom, creating an ideal setup for guests, family, or flexible use such as a home office. The eat-in kitchen serves as the heart of the home, featuring a cooktop, wall oven, dishwasher, and ample space for casual dining and everyday gatherings. The main level’s thoughtful flow makes both daily living and entertaining feel effortless. Upstairs, you’ll find two additional well-proportioned bedrooms that offer privacy and flexibility, perfect for sleeping quarters, creative spaces, or work-from-home needs. Outside, the property is beautifully framed by a landscaped front yard and a serene rear yard designed for relaxation and enjoyment. A covered front porch invites you to unwind with morning coffee, while the fenced backyard provides space for outdoor gatherings. An oversized detached garage adds valuable storage and functionality, and the unfinished basement offers even more storage or future expansion potential. Blending charm, practicality, and room to grow, this delightful Cape Cod is ready to welcome you home.

2. 2026-05-14
   status Active 1701-char remark

   Show marketing remark (1701 chars)

   Charming Cape Cod home, built in 1948, is filled with warmth, character, and timeless appeal, offering the perfect blend of comfort, functionality, and classic style. This residence features four bedrooms and two full bathrooms, providing a versatile layout ideal for a variety of lifestyles. The main level showcases beautiful hardwood floors throughout and an inviting sense of openness. A standout primary suite on the main floor is highlighted by stately architectural columns, skylights that flood the space with natural light, and an attached full bath for added comfort and convenience. Also on the main level is an additional bedroom and a full hall bathroom, creating an ideal setup for guests, family, or flexible use such as a home office. The eat-in kitchen serves as the heart of the home, featuring a cooktop, wall oven, dishwasher, and ample space for casual dining and everyday gatherings. The main level’s thoughtful flow makes both daily living and entertaining feel effortless. Upstairs, you’ll find two additional well-proportioned bedrooms that offer privacy and flexibility, perfect for sleeping quarters, creative spaces, or work-from-home needs. Outside, the property is beautifully framed by a landscaped front yard and a serene rear yard designed for relaxation and enjoyment. A covered front porch invites you to unwind with morning coffee, while the fenced backyard provides space for outdoor gatherings. An oversized detached garage adds valuable storage and functionality, and the unfinished basement offers even more storage or future expansion potential. Blending charm, practicality, and room to grow, this delightful Cape Cod is ready to welcome you home.

3. 2026-04-20
   status Pending 1701-char remark

   Show marketing remark (1701 chars)

   Charming Cape Cod home, built in 1948, is filled with warmth, character, and timeless appeal, offering the perfect blend of comfort, functionality, and classic style. This residence features four bedrooms and two full bathrooms, providing a versatile layout ideal for a variety of lifestyles. The main level showcases beautiful hardwood floors throughout and an inviting sense of openness. A standout primary suite on the main floor is highlighted by stately architectural columns, skylights that flood the space with natural light, and an attached full bath for added comfort and convenience. Also on the main level is an additional bedroom and a full hall bathroom, creating an ideal setup for guests, family, or flexible use such as a home office. The eat-in kitchen serves as the heart of the home, featuring a cooktop, wall oven, dishwasher, and ample space for casual dining and everyday gatherings. The main level’s thoughtful flow makes both daily living and entertaining feel effortless. Upstairs, you’ll find two additional well-proportioned bedrooms that offer privacy and flexibility, perfect for sleeping quarters, creative spaces, or work-from-home needs. Outside, the property is beautifully framed by a landscaped front yard and a serene rear yard designed for relaxation and enjoyment. A covered front porch invites you to unwind with morning coffee, while the fenced backyard provides space for outdoor gatherings. An oversized detached garage adds valuable storage and functionality, and the unfinished basement offers even more storage or future expansion potential. Blending charm, practicality, and room to grow, this delightful Cape Cod is ready to welcome you home.

4. 2026-04-02
   historical $275,000 1701-char remark

   Show marketing remark (1701 chars)

   Charming Cape Cod home, built in 1948, is filled with warmth, character, and timeless appeal, offering the perfect blend of comfort, functionality, and classic style. This residence features four bedrooms and two full bathrooms, providing a versatile layout ideal for a variety of lifestyles. The main level showcases beautiful hardwood floors throughout and an inviting sense of openness. A standout primary suite on the main floor is highlighted by stately architectural columns, skylights that flood the space with natural light, and an attached full bath for added comfort and convenience. Also on the main level is an additional bedroom and a full hall bathroom, creating an ideal setup for guests, family, or flexible use such as a home office. The eat-in kitchen serves as the heart of the home, featuring a cooktop, wall oven, dishwasher, and ample space for casual dining and everyday gatherings. The main level’s thoughtful flow makes both daily living and entertaining feel effortless. Upstairs, you’ll find two additional well-proportioned bedrooms that offer privacy and flexibility, perfect for sleeping quarters, creative spaces, or work-from-home needs. Outside, the property is beautifully framed by a landscaped front yard and a serene rear yard designed for relaxation and enjoyment. A covered front porch invites you to unwind with morning coffee, while the fenced backyard provides space for outdoor gatherings. An oversized detached garage adds valuable storage and functionality, and the unfinished basement offers even more storage or future expansion potential. Blending charm, practicality, and room to grow, this delightful Cape Cod is ready to welcome you home.

5. 1968-05-20
   soldstatus $12,000

ⓘ 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: $3,302 · $275/mo
• Projected year-2 tax: $3,302 · $275/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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% 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: $25,661
• − Mortgage interest: −$15,404
• − Property taxes: −$3,302
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,053
• − Management: −$2,053
• − Depreciation: −$8,000
• Taxable loss: −$6,526
• Est. tax savings @ 24.0%: +$1,566
• After-tax cash flow: $-144/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 County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Woodlawn

• Score: 77/100
• State rank: #78
• US rank: #2926

Category grades

Amenities D+ Commute A+ Cost of living B- Crime F Employment A- Housing A+ Health & safety C User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodlawn, MD
• County: Baltimore County · 769,527 people
• City population: 49,599
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,099
• Household income: $67,060
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 2139.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (78%)
• Race & ethnicity: Black 78% White 8% Hispanic / Latino 7% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Swedish 1%
• Foreign-born: 13% · Canada, Philippines, South Korea
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.50%
• Current HPI: 843.63
• Rent YoY: ▲ 5.23%
• 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

+2191.7% since first listed

5 events — show timeline

• 2026-05-19 Pending — BRIGHT MLS
• 2026-05-14 Relisted — BRIGHT MLS
• 2026-04-20 Pending — BRIGHT MLS
• 2026-04-02 Coming Soon $275,000 BRIGHT MLS
• 1968-05-20 Sold (Public Records) $12,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $3,302 · +4.3% YoY. Source: county tax records.