3109 Ravenwood Ave · Baltimore, MD 21213

$165,000

3 bd · 1.0 ba · 1,118 sqft · Townhouse public records · 9 Days on market

Built 1920 999 sqft lot

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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).

• Cash flow +21.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.7/10.0
• 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

Some photos are virtually staged! Welcome to this stunning 3- bedroom, 2- full bathroom home that has been completely renovated couple years ago. As you enter, you'll notice the luxury vinyl flooring that graces the first floor, creating a warm and inviting atmosphere. The main level features a combined living and dining room, perfect for enetertaining guests or cozying up by the fireplace on chilly evenings. The kitchen is a chef's dream, boasting new quartz countertops. sleek stainless steel apliances, and convenient layout that opens up to the fully enclosed backyard. Upstairs, you'll find three bedrooms, each offering a ceiling fans for added comfort. The fully luxury bathroom featurin

Key facts

• Full bathroom
• Ceiling fans
• Built 1920

Tags

• LUXURY VINYL FLOORING
• NEW QUARTZ COUNTERTOPS
• FULLY ENCLOSED BACKYARD
• CEILING FANS
• FULLY LUXURY BATHROOM
• FULL BATHROOM

Property features AI

Finance

• Other: Not in a federal flood zone; Building not winterized; Pets allowed (dogs and cats OK; breed restrictions apply)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas available; Electric available
• Home design: Interior townhouse/rowhouse; Property in excellent condition; Fee simple ownership; Estimated effective year: 2023 (major renovation)
• Construction: Brick construction; Rubber roof; Other foundation; Basement with connecting stairway, partial daylight, fully finished and outside entrance
• Exterior features: Fully fenced yard; Brick enclosed patio/porch

Interior

• Kitchen: Eat-in kitchen with table space
• Bedrooms: Three bedrooms on the first upper level
• Flooring: Luxury vinyl plank; Ceramic tile
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: 90% forced air heating (natural gas); Central air conditioning; Ceiling fans; Hot water heated by natural gas
• Interior features: Ceiling fans; Combination dining and living area; Eat-in kitchen with table space; Recessed lighting; Drywall walls and ceilings
• Laundry & utility: Washer and dryer in unit (basement laundry)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $165k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 8.2% 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: 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: Frederick Douglass High (math 2% / reading 2%, grade F, #217 of 222 statewide, top 100%, 663 students, 81% FRL) — zoned schools at 81% FRL track the district average.
• 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); 40% 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 41% 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 $204 of equity ($1k loan paydown + $-937 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 $46k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 5y 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 $27k; list at $165k implies a 511% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $165,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.07% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.65%
• DSCR: 1.30
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $87,204
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3238 Ravenwood Ave	0.16mi	3/1.5	1,158 (+4%)	0mo	$70,000	$60	84
3236 Lyndale Ave	0.19mi	3/1.0	1,080 (-3%)	2mo	$161,855	$150	84
3217 Ravenwood Ave	0.12mi	3/1.0	1,046 (-6%)	4mo	$125,000	$120	80
2736 Mura St	0.67mi	3/2.0	1,120 (+0%)	0mo	$81,000	$72	64
3316 Cardenas Ave	0.62mi	2/1.0 (-1)	1,150 (+3%)	2mo	$63,000	$55	60
3555 Elmora Ave	0.53mi	4/2.0 (+1)	1,178 (+5%)	1mo	$254,000	$216	57
2811 E Biddle St	0.72mi	2/1.0 (-1)	1,148 (+3%)	2mo	$75,000	$65	55
1209 N Linwood Ave	0.70mi	2/1.0 (-1)	1,090 (-2%)	4mo	$85,000	$78	55
3436 Cliftmont Ave	0.68mi	3/1.5	1,200 (+7%)	2mo	$120,000	$100	53
3122 Cliftmont Ave	0.42mi	3/2.0	1,264 (+13%)	4mo	$85,000	$67	52
2821 Erdman Ave	0.58mi	2/2.0 (-1)	1,260 (+13%)	0mo	$75,000	$60	43
3427 Woodstock Ave	0.72mi	4/2.5 (+1)	1,240 (+11%)	3mo	$249,000	$201	34

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: 5.2%
• Equity multiple: 1.24×
• Total profit: $11,232
• Equity at exit: $43,278

10-year hold

• IRR: 12.8%
• Equity multiple: 2.41×
• Total profit: $65,302
• Equity at exit: $48,455

Cash invested: $46,200 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,767 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $256

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 81%

Sensitivity live

Price	-10% $370	-5% $313	+0% $256	+5% $199	+10% $142
Rent	-10% $116	-5% $186	+0% $256	+5% $326	+10% $395
Rate	-1.0pp $339	-0.5pp $298	base $256	+0.5pp $213	+1.0pp $170

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.09mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.15mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.16mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.17mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.17mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.19mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.20mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.20mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.21mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.22mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.22mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	24d	1	0.23mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.39mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.44mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.46mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.58mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	44d	1	0.62mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.62mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.64mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.65mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.67mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.67mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.68mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	5d	1	0.70mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	44d	1	0.71mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	44d	1	0.72mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	0.73mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	24d	1	0.73mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	44d	1	0.78mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.78mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	3d	1	0.80mi
2215 E Biddle St Baltimore, MD	2.0	2.5	1350	$1,800	$1.33	44d	1	0.81mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.82mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	44d	1	0.83mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	24d	1	0.83mi
1607 Cliftview Ave Baltimore, MD	3.0	1.0	1200	$1,475	$1.23	44d	1	0.84mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	0.84mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	44d	1	0.85mi
2202 Prentiss Pl Baltimore, MD	3.0	2.0	1400	$2,400	$1.71	44d	1	0.90mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.93mi

Listing history 7 events

1. 2026-06-18
   days on market $165,000 Active 9 DOM
2. 2026-06-17
   days on market $165,000 Active 8 DOM
3. 2026-06-16
   days on market $165,000 Active 7 DOM
4. 2026-06-15
   days on market $165,000 Active 6 DOM
5. 2026-06-13
   days on market $165,000 Active 4 DOM
6. 2026-06-10
   remarks 699-char remark
7. 2026-06-10
   listed $165,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $21,207
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,697
• − Management: −$1,697
• − Depreciation: −$4,800
• Taxable income: $472
• Est. tax owed @ 24.0%: −$113
• After-tax cash flow: $2,957/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

+1550.0% since first listed

20 events — show timeline

• 2026-06-09 Listed $165,000 BRIGHT MLS
• 2026-06-09 Coming Soon $165,000 BRIGHT MLS
• 2024-10-26 Rental Removed $1,700 BRIGHTMLS
• 2024-10-19 Listing Removed — BRIGHT MLS
• 2024-09-01 Listed for Rent $1,700 BRIGHTMLS
• 2024-07-24 Relisted — BRIGHT MLS
• 2024-07-21 Listing Removed — BRIGHT MLS
• 2024-06-25 Price Changed $175,000 BRIGHT MLS
• 2024-04-30 Price Changed $180,000 BRIGHT MLS
• 2024-04-22 Listed $190,000 BRIGHT MLS
• 2024-04-19 Coming Soon — BRIGHT MLS
• 2023-03-01 Listing Removed — BRIGHT MLS
• 2023-02-08 Relisted — BRIGHT MLS
• 2023-02-03 Contingent — BRIGHT MLS
• 2023-01-27 Relisted — BRIGHT MLS
• 2023-01-24 Listing Removed — BRIGHT MLS
• 2022-12-23 Listed $99,999 BRIGHT MLS
• 2021-04-09 Sold (MLS) $27,000 BRIGHT MLS
• 2021-02-26 Pending — BRIGHT MLS
• 2021-01-29 Listed $10,000 BRIGHT MLS

Property tax history

-10.9%/yr

Latest (2025): $305 · +0.0% YoY. Source: county tax records.