3716 Flowerton Rd · Baltimore, MD 21229

$125,000

3 bd · 2.0 ba · 1,140 sqft · Townhouse public records · 39 Days on market

Built 1947 1,470 sqft lot $110/sqft · 40% below area Est $209k · 40% under

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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
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained, all brick townhome in hot Edmondson Village. Compare to other listings and you will find this unit well priced, larger than most and in good shape with only finishing touches left. Seller in process of updating. New roof! New Windows! Freshly painted throughout! Large rooms with w/ w carpet. Seller to contribute $$ towards closing with full price offer. Priced to sell! Call CSS

Key facts

• Near shopping
• Near the beltway
• Near inner harbor

Tags

• NEAR PARKS
• NEAR SHOPPING
• NEAR THE BELTWAY
• NEAR DOWNTOWN BALTIMORE
• NEAR INNER HARBOR
• RECENTLY TENANT OCCUPIED

Property features AI

Finance

• Other: Below-grade area: 570 (assessor); Above-grade finished area: 1,140 (assessor)
• Financial info: Ground rent payment (semi-annually); Ground rent amount semi-annual: $96; Ownership is Ground Rent

Exterior

• Parking: Other parking
• Utilities: Public water; Public sewer
• Home design: Interior Townhouse/Rowhouse
• Construction: Brick construction; Slab foundation; Built year per assessor
• Exterior features: Interior townhouse/rowhouse; Above-grade and below-grade structures noted

Interior

• Kitchen: Gas oven/range; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Radiator heat; Oil-fired heating; Natural gas hot water
• Interior features: Partially finished basement with connecting stairway and walkout stairs; Porch(es)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.8% 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 (+5.4%/yr); 252 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 36% of the median local income ($60k/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 $864 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 + 5.4% rent growth), your $35k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $100k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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. 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: 1.43% ✓
• Cap rate: 10.81%
• Cash-on-cash: 16.13%
• DSCR: 1.72
• GRM: 5.8

CMA / ARV

• ARV (median comp): $209,312
• List price: $125,000
• Delta: -40.28%
• 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
3806 Rokeby Rd	0.09mi	3/1.0	1,160 (+2%)	2mo	$120,000	$103	87
3821 Stokes Dr	0.14mi	3/2.0	1,254 (+10%)	1mo	$145,000	$116	76
1000 Mount Holly St	0.05mi	3/1.5	1,290 (+13%)	1mo	$93,000	$72	73
1007 Wildwood Pkwy	0.23mi	3/1.0	1,216 (+7%)	2mo	$111,100	$91	73
1007 Mount Holly St	0.03mi	4/2.0 (+1)	1,290 (+13%)	2mo	$210,000	$163	70
3224 Belmont Ave	0.50mi	3/1.5	1,178 (+3%)	1mo	$77,000	$65	68
4105 Flowerton Rd	0.29mi	2/2.0 (-1)	1,260 (+10%)	2mo	$119,990	$95	62
209 Mount Holly St	0.60mi	3/2.0	1,080 (-5%)	2mo	$228,000	$211	62
1218 N Longwood St	0.67mi	4/2.0 (+1)	1,190 (+4%)	2mo	$56,000	$47	55
3039 Harlem Ave	0.65mi	3/1.0	1,070 (-6%)	1mo	$27,500	$26	54
300 Denison St	0.61mi	3/2.0	1,260 (+10%)	2mo	$205,000	$163	53
133 N Monastery Ave	0.74mi	2/2.0 (-1)	1,080 (-5%)	3mo	$142,000	$131	49

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 10.0%
• Equity multiple: 1.40×
• Total profit: $14,153
• Equity at exit: $18,638

10-year hold

• IRR: 21.1%
• Equity multiple: 3.00×
• Total profit: $70,048
• Equity at exit: $10,808

Cash invested: $35,000 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,784 high
• Mortgage (P&I): −$656
• Tax from tax record: −$232 /mo · $2,780/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $470

Break-even live

Break-even rent $1,189

Max offer price $125,000

Occupancy floor 69%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	23d	1	0.22mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	23d	1	0.22mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	0.24mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	43d	1	0.25mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	43d	1	0.26mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	23d	1	0.26mi
1307 Wildwood Pkwy Baltimore, MD	2.0	1.0	725	$1,295	$1.79	43d	1	0.28mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	23d	1	0.29mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	43d	1	0.31mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	43d	1	0.31mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	23d	1	0.36mi
4103 Stokes Dr Apt 1 Baltimore, MD	2.0	1.0	725	$1,095	$1.51	43d	1	0.36mi
709 Denison St Baltimore, MD	2.0	2.0	840	$1,630	$1.94	23d	1	0.37mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	0.40mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	43d	1	0.42mi
3706 W Franklin St Unit 1 Baltimore, MD	2.0	1.0	735	$1,100	$1.50	4d	1	0.43mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.45mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	1d	1	0.51mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	0.52mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	43d	1	0.53mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	43d	1	0.54mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.61mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	17d	1	0.63mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	43d	1	0.65mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	43d	1	0.66mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	23d	1	0.71mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.71mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	23d	1	0.80mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	0.82mi
3514 Clifton Ave Unit 21 Baltimore, MD	2.0	1.0	925	$1,150	$1.24	43d	1	0.85mi
3514 Clifton Ave Baltimore, MD	2.0	1.0	925	$1,199	$1.30	43d	1	0.85mi
2103 Chelsea Ter Unit 1 Baltimore, MD	2.0	2.0	1500	$2,200	$1.47	14d	1	0.85mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	14d	1	0.85mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	23d	1	0.86mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	23d	1	0.88mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	43d	1	0.88mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.90mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	23d	1	0.90mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	2d	3	0.91mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	23d	1	0.94mi

Listing history 20 events

1. 2026-06-18
   days on market $125,000 Active 39 DOM
2. 2026-06-17
   days on market $125,000 Active 38 DOM
3. 2026-06-16
   days on market $125,000 Active 37 DOM
4. 2026-06-15
   days on market $125,000 Active 36 DOM
5. 2026-06-13
   days on market $125,000 Active 34 DOM
6. 2026-06-09
   days on market $125,000 Active 30 DOM
7. 2026-06-08
   days on market $125,000 Active 29 DOM
8. 2026-06-07
   days on market $125,000 Active 28 DOM
9. 2026-06-04
   days on market $125,000 Active 25 DOM
10. 2026-06-03
    days on market $125,000 Active 24 DOM
11. 2026-06-02
    days on market $125,000 Active 23 DOM
12. 2026-06-01
    days on market $125,000 Active 22 DOM
13. 2026-05-31
    days on market $125,000 Active 21 DOM
14. 2026-05-10
    listed $125,000 Active 804-char remark
15. 2026-04-27
    historical
16. 2026-01-20
    listed $125,000 Active
17. 2006-03-15
    soldstatus $100,000
18. 2006-02-28
    soldstatus $100,000

    Show marketing remark (397 chars)

    Well maintained, all brick townhome in hot Edmondson Village. Compare to other listings and you will find this unit well priced, larger than most and in good shape with only finishing touches left. Seller in process of updating. New roof! New Windows! Freshly painted throughout! Large rooms with w/ w carpet. Seller to contribute $$ towards closing with full price offer. Priced to sell! Call CSS

19. 2006-01-11
    historical

    Show marketing remark (397 chars)

    Well maintained, all brick townhome in hot Edmondson Village. Compare to other listings and you will find this unit well priced, larger than most and in good shape with only finishing touches left. Seller in process of updating. New roof! New Windows! Freshly painted throughout! Large rooms with w/ w carpet. Seller to contribute $$ towards closing with full price offer. Priced to sell! Call CSS

20. 2005-12-13
    listed $104,900

    Show marketing remark (397 chars)

    Well maintained, all brick townhome in hot Edmondson Village. Compare to other listings and you will find this unit well priced, larger than most and in good shape with only finishing touches left. Seller in process of updating. New roof! New Windows! Freshly painted throughout! Large rooms with w/ w carpet. Seller to contribute $$ towards closing with full price offer. Priced to sell! Call CSS

ⓘ 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: $2,780 · $232/mo
• Projected year-2 tax: $2,780 · $232/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 5/10 Major 24% 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: $21,413
• − Mortgage interest: −$7,002
• − Property taxes: −$2,780
• − Insurance: −$625
• − Repairs & maintenance: −$1,713
• − Management: −$1,713
• − Depreciation: −$3,636
• Taxable income: $3,943
• Est. tax owed @ 24.0%: −$946
• After-tax cash flow: $4,698/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+19.2% since first listed

7 events — show timeline

• 2026-05-10 Listed $125,000 BRIGHT MLS
• 2026-04-27 Listing Removed — BRIGHT MLS
• 2026-01-20 Listed $125,000 BRIGHT MLS
• 2006-03-15 Sold (Public Records) $100,000 Public Records
• 2006-02-28 Sold (MLS) $100,000 MRIS
• 2006-01-11 Delisted — MRIS
• 2005-12-13 Listed $104,900 MRIS

Property tax history

+3.1%/yr

Latest (2025): $2,780 · +9.0% YoY. Source: county tax records.