3401 Ravenwood Ave · Baltimore, MD 21213

$54,900

3 bd · 1.0 ba · 988 sqft · Townhouse public records · 130 Days on market

Built 1925 2,178 sqft lot $56/sqft · 47% below area Est $103k · 47% 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

Welcome to 3401 Ravenwood Ave — a classic Baltimore brick home offering solid fundamentals, timeless character, and strong long-term potential. This two-story residence features a traditional layout with the option of enclosing the front porch, providing flexible bonus space ideal for a sitting area, home office, or mudroom. The brick exterior, built-up roof, and established footprint reflect durable construction typical of the era. Inside, the home offers a functional configuration with one full bath, hot/warm air heating, and a full basement providing additional storage or future improvement opportunities. With nearly 1,000 square feet above grade plus a basement, the property deliv

Key facts

• Flexible bonus space
• Built-up roof
• Brick exterior

Tags

• BRICK EXTERIOR
• BUILT-UP ROOF
• FULL BASEMENT
• FLEXIBLE BONUS SPACE
• GENEROUS CITY LOT
• LOCAL AMENITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $55k.

Deal economics

• At list price, monthly cash flow is $930 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 26.6% 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 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 40% 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 $68 of equity ($380 loan paydown + $-312 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 $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 26y ago; this cycle's ask has dropped $10k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1925 — 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 $48,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 3.13% ✓
• Cap rate: 26.61%
• Cash-on-cash: 72.57%
• DSCR: 4.23
• GRM: 2.7

CMA / ARV

• ARV (median comp): $103,220
• List price: $54,900
• Delta: -46.81%
• 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
3427 Ravenwood Ave	0.04mi	3/1.0	896 (-9%)	0mo	$120,900	$135	82
3307 Elmora Ave	0.08mi	3/1.0	896 (-9%)	3mo	$155,000	$173	79
3236 Lyndale Ave	0.13mi	3/1.0	1,080 (+9%)	2mo	$161,855	$150	77
3338 Elmora Ave	0.06mi	2/1.0 (-1)	896 (-9%)	2mo	$149,500	$167	75
3315 Lyndale Ave	0.10mi	2/1.5 (-1)	896 (-9%)	1mo	$145,000	$162	72
3802 Lyndale Ave	0.57mi	2/1.5 (-1)	1,050 (+6%)	1mo	$160,000	$152	55
3332 Brendan Ave	0.58mi	3/1.5	870 (-12%)	1mo	$128,000	$147	50
3805 Elmora Ave	0.58mi	3/2.0	1,096 (+11%)	1mo	$11,700	$11	50
3131 Chesterfield Ave	0.69mi	2/1.0 (-1)	1,068 (+8%)	1mo	$75,000	$70	48
2736 Mura St	0.68mi	3/2.0	1,120 (+13%)	0mo	$81,000	$72	42
2709 E Hoffman St	0.61mi	2/1.0 (-1)	840 (-15%)	1mo	$115,000	$137	41
3830 Bonview Ave	0.70mi	3/2.0	1,122 (+14%)	3mo	$220,000	$196	39

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: 76.7%
• Equity multiple: 4.92×
• Total profit: $60,184
• Equity at exit: $14,400

10-year hold

• IRR: 79.5%
• Equity multiple: 10.86×
• Total profit: $151,571
• Equity at exit: $16,122

Cash invested: $15,372 (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: 2.7×

Monthly cashflow live

• Estimated rent: $1,719 high
• Mortgage (P&I): −$288
• Tax from tax record: −$117 /mo · $1,409/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $930

Break-even live

Break-even rent $542

Max offer price $54,900

Occupancy floor 41%

Sensitivity live

Price	-10% $961	-5% $945	+0% $930	+5% $914	+10% $898
Rent	-10% $794	-5% $862	+0% $930	+5% $997	+10% $1,065
Rate	-1.0pp $957	-0.5pp $944	base $930	+0.5pp $915	+1.0pp $901

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.01mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.04mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.05mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.10mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.10mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.13mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.15mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.42mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.48mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.56mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.58mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.59mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.59mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.60mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.79mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.86mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	24d	1	0.86mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	0.91mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.97mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.97mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	0.98mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	44d	1	1.03mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	1.14mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	1.14mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	4d	1	1.15mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	24d	1	1.20mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	44d	1	1.21mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	1.23mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	1.23mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	44d	1	1.25mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	5d	1	1.25mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	20d	2	1.25mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	21d	1	1.25mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	21d	1	1.25mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	5d	1	1.28mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	1.28mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	24d	1	1.29mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	24d	1	1.31mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	44d	3	1.33mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	44d	1	1.33mi

Listing history 50 events

1. 2026-06-21
   days on market $54,900 Active 130 DOM
2. 2026-06-18
   days on market $54,900 Active 127 DOM
3. 2026-06-17
   days on market $54,900 Active 126 DOM
4. 2026-06-16
   days on market $54,900 Active 125 DOM
5. 2026-06-15
   days on market $54,900 Active 124 DOM
6. 2026-06-13
   days on market $54,900 Active 122 DOM
7. 2026-06-09
   days on market $54,900 Active 118 DOM
8. 2026-06-08
   days on market $54,900 Active 117 DOM
9. 2026-06-07
   days on market $54,900 Active 116 DOM
10. 2026-06-04
    days on market $54,900 Active 113 DOM
11. 2026-06-03
    days on market $54,900 Active 112 DOM
12. 2026-06-02
    days on market $54,900 Active 111 DOM
13. 2026-06-01
    days on market $54,900 Active 110 DOM
14. 2026-05-31
    days on market $54,900 Active 109 DOM
15. 2026-04-22
    price $59,900
16. 2026-04-03
    status Active
17. 2026-03-07
    historical Active Under Contract
18. 2026-01-14
    listed $65,000 Active
19. 2023-01-03
    soldstatus $185,000
20. 2022-11-09
    soldstatus $225,000
21. 2015-07-20
    historical
22. 2015-07-20
    historical Withdrawn
23. 2015-07-06
    price
24. 2015-05-26
    price
25. 2015-05-07
    listed Active
26. 2015-05-07
    listed $43,000
27. 2014-12-26
    soldstatus $15,100
28. 2014-12-26
    soldstatus $15,100 Sold
29. 2014-12-15
    status Contract
30. 2014-12-12
    historical
31. 2014-11-24
    historical Temporarily Off-Market
32. 2014-11-11
    price $11,900
33. 2014-09-06
    price $15,900 Active
34. 2014-09-06
    status Active
35. 2014-08-19
    historical Temporarily Off-Market
36. 2014-07-16
    listed $17,900 Active
37. 2014-07-16
    listed $11,900
38. 2013-07-18
    historical Withdrawn
39. 2013-07-18
    historical
40. 2013-04-19
    price
41. 2013-01-30
    listed Active
42. 2013-01-30
    listed $30,000
43. 2012-07-27
    historical Expired
44. 2012-07-27
    historical
45. 2012-02-16
    listed Active
46. 2012-02-16
    listed $39,900
47. 2003-02-28
    soldstatus $36,650
48. 2001-11-27
    soldstatus $6,500
49. 2001-11-27
    soldstatus $6,500
50. 2001-11-27
    listed $6,500

ⓘ 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: $20,625
• − Mortgage interest: −$3,075
• − Property taxes: −$1,409
• − Insurance: −$274
• − Repairs & maintenance: −$1,650
• − Management: −$1,650
• − Depreciation: −$1,597
• Taxable income: $10,969
• Est. tax owed @ 24.0%: −$2,632
• After-tax cash flow: $8,522/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

+858.4% since first listed

42 events — show timeline

• 2026-04-22 Price Changed $59,900 BRIGHT MLS
• 2026-04-03 Relisted — BRIGHT MLS
• 2026-03-07 Contingent — BRIGHT MLS
• 2026-01-14 Listed $65,000 BRIGHT MLS
• 2023-01-03 Sold (Public Records) $185,000 Public Records
• 2022-11-09 Sold (Public Records) $225,000 Public Records
• 2015-07-20 Delisted — MRIS
• 2015-07-20 Listing Removed — BRIGHT MLS
• 2015-07-06 Price Changed — MRIS
• 2015-05-26 Price Changed — MRIS
• 2015-05-07 Listed — MRIS
• 2015-05-07 Listed $43,000 BRIGHT MLS
• 2014-12-26 Sold (MLS) $15,100 MRIS
• 2014-12-26 Sold (MLS) $15,100 BRIGHT MLS
• 2014-12-15 Pending — MRIS
• 2014-12-12 Listing Removed — BRIGHT MLS
• 2014-11-24 Delisted — MRIS
• 2014-11-11 Price Changed $11,900 MRIS
• 2014-09-06 Relisted — MRIS
• 2014-09-06 Price Changed $15,900 MRIS
• 2014-08-19 Delisted — MRIS
• 2014-07-16 Listed $17,900 MRIS
• 2014-07-16 Listed $11,900 BRIGHT MLS
• 2013-07-18 Delisted — MRIS
• 2013-07-18 Listing Removed — BRIGHT MLS
• 2013-04-19 Price Changed — MRIS
• 2013-01-30 Listed — MRIS
• 2013-01-30 Listed $30,000 BRIGHT MLS
• 2012-07-27 Delisted — MRIS
• 2012-07-27 Listing Removed — BRIGHT MLS
• 2012-02-16 Listed — MRIS
• 2012-02-16 Listed $39,900 BRIGHT MLS
• 2003-02-28 Sold (Public Records) $36,650 Public Records
• 2001-11-27 Listed $6,500 MRIS
• 2001-11-27 Sold (MLS) $6,500 MRIS
• 2001-11-27 Sold (MLS) $6,500 MRIS
• 2001-09-11 Delisted — MRIS
• 2001-04-30 Delisted — MRIS
• 2001-01-07 Listed $10,000 MRIS
• 2000-06-30 Listed — MRIS
• 1987-02-05 Sold (Public Records) $28,000 Public Records
• 1982-03-31 Sold (Public Records) $6,250 Public Records

Property tax history

-1.5%/yr

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