5249 Linden Heights Ave · Baltimore, MD 21215

$150,000

3 bd · 2.0 ba · 1,496 sqft · Townhouse · 3 Days on market

Built 1956 $100/sqft · 15% below area Est $175k · 15% 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 +26.3/30.0
• ARV discount +14.0/15.0
• DSCR +8.9/10.0
• 1% rule +6.3/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

AGENTS - PLEASE VIEW AGENT REMARKS IN BRIGHT MLS. This stunning, fully renovated townhouse with a welcoming enclosed porch, offers 3 bedrooms and 2 full bathrooms and is truly move-in ready. Conveniently located near Pimlico Race Track, Sinai Hospital, shopping, dining, schools, and public transportation, this home combines modern updates with everyday convenience. The main level features a bright, open-concept layout with a full bathroom. The stylish kitchen showcases new cabinetry, granite countertops, stainless steel appliances, and a kitchen island. Upstairs, you’ll find three comfortable bedrooms and a beautifully updated full bathroom. The finished basement adds valuable living

Key facts

• Stylish kitchen
• Enclosed porch
• Kitchen island

Tags

• ENCLOSED PORCH
• OPEN-CONCEPT LAYOUT
• STYLISH KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• KITCHEN ISLAND

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric service for heating, cooling, and hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Year built estimated
• Construction: Brick construction; Brick/mortar and block foundation; Above-grade and below-grade structures
• Exterior features: No tidal water; Property located within city limits

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: Two full bathrooms (one on main level, one on first upper level)
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Full, improved basement with interior access, outside entrance, and windows; Estimated living area
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.4% 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 (+2.4%/yr); 351 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 40% of the median local income ($52k/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 $1k 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.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 20y 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 $53k; list at $150k implies a 183% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $150,000

Questions for the listing agent

1. Built in 1956 — 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: 1.13% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.07%
• DSCR: 1.49
• GRM: 7.3

CMA / ARV

• ARV (median comp): $175,450
• List price: $150,000
• Delta: 19.69%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5118 Nelson Ave	0.20mi	3/2.0	1,386 (-7%)	3mo	$219,000	$158	75
3223 Spaulding Ave	0.47mi	4/2.0 (+1)	1,500 (+0%)	0mo	$219,900	$147	72
5312 Gist Ave	0.13mi	4/2.5 (+1)	1,620 (+8%)	4mo	$240,000	$148	69
5404 Crismer Ave	0.31mi	3/2.0	1,667 (+11%)	1mo	$239,900	$144	66
4912 Palmer Ave	0.69mi	3/2.0	1,400 (-6%)	1mo	$60,000	$43	56
5424 Jonquil Ave	0.29mi	4/3.5 (+1)	1,332 (-11%)	2mo	$200,000	$150	56
3716 Beehler Ave	0.52mi	4/4.0 (+1)	1,445 (-3%)	3mo	$265,000	$183	55
3208 Ingleside Ave	0.67mi	3/1.5	1,620 (+8%)	2mo	$225,000	$139	51
3635 Columbus Dr	0.72mi	3/2.5	1,360 (-9%)	4mo	$125,000	$92	46
4041 W Cold Spring Ln	0.70mi	3/2.5	1,310 (-12%)	1mo	$239,900	$183	44
4411 Belvieu Ave	0.68mi	4/2.0 (+1)	1,696 (+13%)	4mo	$190,000	$112	38
3015 Spaulding Ave	0.73mi	3/1.5	1,300 (-13%)	5mo	$80,000	$62	38

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-663
• Equity at exit: $22,365

10-year hold

• IRR: 8.6%
• Equity multiple: 1.64×
• Total profit: $27,023
• Equity at exit: $12,969

Cash invested: $42,000 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,702 high
• Mortgage (P&I): −$787
• Tax from tax record: −$108 /mo · $1,294/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $387

Break-even live

Break-even rent $1,211

Max offer price $150,000

Occupancy floor 72%

Sensitivity live

Price	-10% $472	-5% $430	+0% $387	+5% $345	+10% $302
Rent	-10% $253	-5% $320	+0% $387	+5% $455	+10% $522
Rate	-1.0pp $463	-0.5pp $426	base $387	+0.5pp $348	+1.0pp $309

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	24d	1	0.22mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	44d	1	0.33mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	44d	1	0.50mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	5d	1	0.50mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	44d	1	0.51mi
4828 Beaufort Ave Baltimore, MD	2.0	2.5	1200	$1,850	$1.54	24d	1	0.51mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	24d	1	0.54mi
5340 Maple Ave Baltimore, MD	2.0	1.0	1200	$1,950	$1.62	44d	1	0.59mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	44d	1	0.60mi
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	44d	1	0.89mi
3727 Milford Ave Gwynn Oak, MD	3.0	1.0	900	$1,450	$1.61	44d	1	0.95mi
3617 Mohawk Ave Baltimore, MD	2.0	1.0	1000	$1,595	$1.59	44d	1	0.99mi
3615 Mohawk Ave Gwynn Oak, MD	2.0	1.0	1000	$1,610	$1.61	44d	1	0.99mi
3601 Howard Park Ave Unit 2 Baltimore, MD	3.0	1.0	1000	$1,650	$1.65	44d	1	1.09mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	18d	1	1.10mi
3807 Bowers Ave Gwynn Oak, MD	3.0	1.5	1152	$2,200	$1.91	44d	1	1.12mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	18d	1	1.18mi
3915 Liberty Heights Ave Gwynn Oak, MD	1.0–2.0	1.0–2.0	680	$1,345	$1.98	13d	5	1.19mi
3638 Fords Ln Baltimore, MD	2.0	2.0	1001	$1,795	$1.79	44d	1	1.22mi
2824 Edgecombe Cir S Baltimore, MD	2.0	2.0	950	$1,475	$1.55	22d	1	1.24mi
3508 Grantley Rd Baltimore, MD	2.0	1.0	1250	$1,350	$1.08	24d	1	1.25mi
2900 Taney Rd Apt 1A Baltimore, MD	2.0	2.0	1200	$1,600	$1.33	24d	1	1.27mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	24d	1	1.27mi
2432 Everton Rd Unit 2435 A Baltimore, MD	2.0	1.5	1000	$1,500	$1.50	24d	1	1.28mi
6317 Pearce Ave Baltimore, MD	2.0	2.0	1140	$1,600	$1.40	44d	1	1.30mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	24d	1	1.31mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	24d	1	1.32mi
4714 Greenspring Ave Baltimore, MD	2.0	1.0	890	$1,295	$1.46	44d	1	1.34mi
3809 Clarks Ln Unit 301 Baltimore, MD	2.0	2.0	1057	$1,600	$1.51	24d	1	1.37mi
3505 Clarks Ln Unit D2 Baltimore, MD	3.0	2.0	1750	$2,500	$1.43	44d	1	1.43mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,979	$2.37	2d	7	1.44mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,325	$1.44	2d	4	1.47mi
3204 Sequoia Ave Baltimore, MD	4.0	2.5	1791	$2,600	$1.45	44d	1	1.47mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	44d	1	1.49mi

Listing history 22 events

1. 2026-06-18
   days on market $150,000 Active 3 DOM
2. 2026-06-17
   days on market $150,000 Active 2 DOM
3. 2026-06-16
   pricedays on marketlisting id $150,000 Active 1 DOM
4. 2026-06-09
   days on market $210,000 Active 40 DOM
5. 2026-06-08
   days on market $210,000 Active 39 DOM
6. 2026-06-07
   days on market $210,000 Active 38 DOM
7. 2026-06-04
   days on market $210,000 Active 35 DOM
8. 2026-06-03
   days on market $210,000 Active 34 DOM
9. 2026-06-02
   days on market $210,000 Active 33 DOM
10. 2026-06-01
    days on market $210,000 Active 32 DOM
11. 2026-05-31
    days on market $210,000 Active 31 DOM
12. 2026-05-04
    price $210,000 969-char remark
13. 2026-04-30
    listed $214,999 Active 969-char remark
14. 2026-04-23
    historical
15. 2026-02-19
    price $218,999
16. 2026-01-07
    listed $220,000 Active
17. 2025-05-13
    soldstatus $53,000
18. 2006-05-05
    soldstatus $60,000
19. 2006-04-19
    soldstatus $60,000
20. 2006-03-17
    historical
21. 2006-03-04
    listed $69,900
22. 1999-01-19
    soldstatus $38,700

ⓘ 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: $1,294 · $108/mo
• Projected year-2 tax: $1,465 · $122/mo
• Expected delta: +$170/yr (+$14/mo · 13.2%)

ⓘ 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 4/10 Moderate 21% 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: $20,420
• − Mortgage interest: −$8,402
• − Property taxes: −$1,294
• − Insurance: −$750
• − Repairs & maintenance: −$1,634
• − Management: −$1,634
• − Depreciation: −$4,364
• Taxable income: $2,343
• Est. tax owed @ 24.0%: −$562
• After-tax cash flow: $4,086/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+287.6% since first listed

13 events — show timeline

• 2026-06-15 Listed $150,000 BRIGHT MLS
• 2026-06-11 Listing Removed — BRIGHT MLS
• 2026-05-04 Price Changed $210,000 BRIGHT MLS
• 2026-04-30 Listed $214,999 BRIGHT MLS
• 2026-04-23 Listing Removed — BRIGHT MLS
• 2026-02-19 Price Changed $218,999 BRIGHT MLS
• 2026-01-07 Listed $220,000 BRIGHT MLS
• 2025-05-13 Sold (Public Records) $53,000 Public Records
• 2006-05-05 Sold (Public Records) $60,000 Public Records
• 2006-04-19 Sold (MLS) $60,000 MRIS
• 2006-03-17 Delisted — MRIS
• 2006-03-04 Listed $69,900 MRIS
• 1999-01-19 Sold (Public Records) $38,700 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,294 · +10.0% YoY. Source: county tax records.