4110 N Rogers Ave · Baltimore, MD 21207

$224,900

3 bd · 1.5 ba · 1,404 sqft · SingleFamily public records · 9 Days on market

Built 1954 9,278 sqft lot Est $234k · 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).

• Appreciation +9.8/10.0
• ARV discount +9.3/15.0
• Cash flow +9.2/30.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• 1% rule +3.0/10.0
• DSCR +2.6/10.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Your buyer won't be disappointed. 4 bedrooms, 3 full baths, finished basement with rec room. hardwood floors, granite countertops, huge corner lot. Agent/Owner.

Key facts

• Step in jetted tub
• Spacious kitchen
• Hardwood floors

Tags

• OPEN LIVING DINING ROOM
• HARDWOOD FLOORS
• SPACIOUS KITCHEN
• STAINLESS STEEL APPLIANCES
• DOUBLE SINK VANITY
• STEP IN JETTED TUB

Property features AI

Finance

• Financial info: Fee simple ownership; Annual ground rent required

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric service for heat, cooling, and hot water
• Home design: Detached property; Building winterized
• Construction: Brick construction; Permanent foundation; Basement present (partially finished, other); Above-grade and below-grade structures
• Exterior features: Fully fenced yard; Corner lot with front and rear yard

Interior

• Kitchen: Stove; Range hood; Refrigerator; Dishwasher; Eat-in kitchen
• Bedrooms: 3 bedrooms on the main level
• Flooring: Hardwood; Carpet; Laminate; Ceramic tile
• Bathrooms: 3 full bathrooms (2 on main level, 1 on lower level)
• Heating & cooling: Central heating; Electric heat; Electric hot water; Electric cooling (other type)
• Interior features: Wet/dry bar; Bar; Jetted bathtub in bathroom; Built-in shelving/cabinetry; Ceiling fans; Combination kitchen and living area; Eat-in kitchen; Wood floors
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-168 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $195k (13.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (20.3% below list).
• Recommended offer: $179k (20.3% below list) — sets the bar for 1% rule.

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 (+5.2%/yr); 131 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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).

Forward outlook

• In year one you build about $23k of equity ($2k loan paydown + $21k appreciation (9.5% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.
• Current owner paid $160k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $179,198 (20.3% 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 1954 — 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 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?
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. 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?
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: 0.80% ✗
• Cap rate: 5.40%
• Cash-on-cash: -3.20%
• DSCR: 0.86
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $234,468
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5417 Wabash Ave	0.33mi	3/1.5	1,377 (-2%)	7mo	$125,000	$91	76
4906 Haddon Ave	0.43mi	3/1.5	1,347 (-4%)	2mo	$132,000	$98	72
4304 Elderon Ave	0.32mi	3/1.5	1,464 (+4%)	9mo	$275,000	$188	70
5605 Groveland Ave	0.17mi	3/1.5	1,596 (+14%)	5mo	$180,000	$113	65
4217 Ridgewood Ave	0.47mi	2/2.0 (-1)	1,352 (-4%)	2mo	$150,000	$111	64
4006 N Rogers Ave	0.20mi	3/2.0	1,511 (+8%)	16mo	$325,000	$215	63
4302 Elderon Ave	0.33mi	4/2.5 (+1)	1,440 (+3%)	13mo	$200,000	$139	61
5304 Wabash Ave	0.45mi	3/2.0	1,540 (+10%)	3mo	$305,000	$198	58
4909 Haddon Ave	0.45mi	3/3.5	1,320 (-6%)	13mo	$338,000	$256	51
4018 Elderon Ave	0.60mi	2/2.0 (-1)	1,380 (-2%)	14mo	$230,000	$167	51
3623 Milford Ave	0.44mi	4/1.5 (+1)	1,536 (+9%)	10mo	$160,500	$104	50
5318 Belleville Ave	0.63mi	2/1.0 (-1)	1,251 (-11%)	3mo	$275,877	$221	43

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: 21.6%
• Equity multiple: 2.72×
• Total profit: $108,292
• Equity at exit: $194,450

10-year hold

• IRR: 20.1%
• Equity multiple: 6.31×
• Total profit: $334,680
• Equity at exit: $410,952

Cash invested: $62,972 (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 21207

• Home prices YoY: 1.1%
• Rents YoY: 5.2%
• Active inventory: 131
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,792 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$310 /mo · $3,723/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $-168

Break-even live

Break-even rent $2,004

Max offer price $195,272

Occupancy floor —

Sensitivity live

Price	-10% $-40	-5% $-104	+0% $-168	+5% $-231	+10% $-295
Rent	-10% $-309	-5% $-238	+0% $-168	+5% $-97	+10% $-26
Rate	-1.0pp $-54	-0.5pp $-111	base $-168	+0.5pp $-226	+1.0pp $-285

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3807 Bowers Ave Gwynn Oak, MD	3.0	1.5	1152	$2,200	$1.91	45d	1	0.38mi
3727 Milford Ave Gwynn Oak, MD	3.0	1.0	900	$1,450	$1.61	45d	1	0.38mi
3601 Howard Park Ave Unit 2 Baltimore, MD	3.0	1.0	1000	$1,650	$1.65	45d	1	0.56mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	45d	1	0.66mi
3617 Mohawk Ave Baltimore, MD	2.0	1.0	1000	$1,595	$1.59	45d	1	0.71mi
3615 Mohawk Ave Gwynn Oak, MD	2.0	1.0	1000	$1,610	$1.61	45d	1	0.71mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	45d	1	0.80mi
3535 Flannery Ln Gwynn Oak, MD	3.0	1.5	1536	$2,000	$1.30	45d	1	0.84mi
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	25d	1	0.85mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	45d	1	1.06mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	25d	1	1.08mi
6226 Robin Hill Rd Gwynn Oak, MD	3.0	1.5	1140	$2,850	$2.50	18d	1	1.09mi
5533 Gwynn Oak Ave Fl 1 Gwynn Oak, MD	2.0	1.0	1080	$1,600	$1.48	45d	1	1.16mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	6d	1	1.17mi
6609 Eberle Dr Baltimore, MD	1.0–3.0	1.0–2.0	1011	$1,787	$1.77	0d	26	1.20mi
4828 Beaufort Ave Baltimore, MD	2.0	2.5	1200	$1,850	$1.54	25d	1	1.22mi
3501 Oakmont Ave Baltimore, MD	2.0	1.0	915	$1,195	$1.31	0d	1	1.22mi
3638 Fords Ln Baltimore, MD	2.0	2.0	1001	$1,795	$1.79	45d	1	1.27mi
5340 Maple Ave Baltimore, MD	2.0	1.0	1200	$1,950	$1.62	45d	1	1.29mi
3809 Clarks Ln Unit 301 Baltimore, MD	2.0	2.0	1057	$1,600	$1.51	25d	1	1.30mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	25d	1	1.31mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	45d	1	1.32mi
4309 Norfolk Ave Unit 1st Floor Baltimore, MD	2.0	1.0	1470	$1,500	$1.02	13d	1	1.35mi
4998 W Forest Park Ave Baltimore, MD	3.0	1.0–2.0	790	$1,875	$2.37	16d	15	1.44mi
3508 Grantley Rd Baltimore, MD	2.0	1.0	1250	$1,350	$1.08	25d	1	1.49mi

Listing history 7 events

1. 2026-06-21
   days on market $224,900 Active 9 DOM
2. 2026-06-18
   days on market $224,900 Active 6 DOM
3. 2026-06-17
   days on market $224,900 Active 5 DOM
4. 2026-06-16
   days on market $224,900 Active 4 DOM
5. 2026-06-15
   days on market $224,900 Active 3 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $224,900 Active 1 DOM

ⓘ 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: $3,723 · $310/mo
• Projected year-2 tax: $3,723 · $310/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 6/10 Major 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: $21,504
• − Mortgage interest: −$12,598
• − Property taxes: −$3,723
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,720
• − Management: −$1,720
• − Depreciation: −$6,543
• Taxable loss: −$5,925
• Est. tax savings @ 24.0%: +$1,422
• After-tax cash flow: $-591/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 County · 769,527 people
• City population: 588,727
• 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): 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 (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: 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: ▲ 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

+49.9% since first listed

13 events — show timeline

• 2026-06-12 Listed $224,900 BRIGHT MLS
• 2026-01-20 Sold (Public Records) $160,000 Public Records
• 2008-07-15 Sold (Public Records) $195,000 Public Records
• 2008-06-27 Sold (MLS) $195,000 MRIS
• 2008-05-23 Delisted — MRIS
• 2008-05-06 Price Changed $195,900 MRIS
• 2008-04-30 Price Changed $199,900 MRIS
• 2008-04-25 Price Changed $204,900 MRIS
• 2008-04-03 Price Changed $210,000 MRIS
• 2008-03-14 Price Changed $215,500 MRIS
• 2008-01-24 Price Changed $219,500 MRIS
• 2007-12-04 Listed $225,000 MRIS
• 2006-11-08 Sold (Public Records) $150,000 Public Records

Property tax history

-0.8%/yr

Latest (2025): $3,723 · +2.9% YoY. Source: county tax records.