1015 Woodheights Ave · Baltimore, MD 21211

$200,000

3 bd · 1.0 ba · 1,395 sqft · Townhouse public records · 9 Days on market

Built 1956 Est $314k · 36% 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 +26.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +7.2/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

HUD Case # 244-000640, IE (Insured Escrow) subject to appraisal and may qualify for FHA financing with a repair escrow. Property is Owned by the US Dept. of HUD and is Equal Housing Opportunity. Seller makes no representations or warranties as to property condition. HUD property is sold in "as is" condition Buyers are responsible for utility activation de-winterize and re-winterize at their own expenses. Buyer responsible for payment of transfer taxes any and all inspections / certifications. HUD will contribute up to 3% for buyer's closing costs, upon bid submission. Visit Hudhomestoregov for more information. Any house built before 1978, LBP applies. Buyer's agent to confirm if

Key facts

• Spacious interiors
• Modern updates
• Off-street parking

Tags

• OFF-STREET PARKING
• SPACIOUS INTERIORS
• ABUNDANT NATURAL LIGHT
• MODERN UPDATES
• PEACEFUL RESIDENTIAL SETTING

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Sewer (no septic)
• Home design: Interior townhouse/rowhouse; Building winterized
• Construction: Brick construction; Slab foundation; Built year per assessor
• Exterior features: Above-grade and below-grade structures noted; Not located on tidal water; Property is within city limits

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (natural gas)
• Interior features: Basement (unfinished)
• Laundry & utility: Laundry area in the basement; 60+ gallon hot water tank

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• 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 fast (+4.3%/yr); 91 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; solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 35% of the median local income ($83k/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 $6k 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 + 4.3% rent growth), your $56k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,000

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: 1.22% ✓
• Cap rate: 9.35%
• Cash-on-cash: 10.93%
• DSCR: 1.49
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $313,875
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1115 Roland Heights Ave	0.12mi	3/1.5	1,380 (-1%)	1mo	$315,000	$228	90
1002 W 43rd St	0.18mi	3/2.0	1,398 (+0%)	3mo	$310,000	$222	85
4218 Edgehill Ave	0.32mi	2/2.0 (-1)	1,404 (+1%)	2mo	$260,000	$185	74
607 Somerset Rd #4	0.22mi	3/1.0	1,234 (-12%)	2mo	$278,000	$225	69
1205 Roland Heights Ave	0.19mi	3/2.0	1,536 (+10%)	4mo	$327,500	$213	67
4118 Buena Vista Ave	0.44mi	3/2.0	1,474 (+6%)	3mo	$305,000	$207	64
3731 Roland Ave	0.67mi	3/2.0	1,372 (-2%)	1mo	$515,000	$375	62
1449 Roland Heights Ave	0.39mi	2/1.5 (-1)	1,280 (-8%)	0mo	$277,000	$216	61
1040 Deer Ridge Dr #213	0.16mi	2/2.0 (-1)	1,568 (+12%)	4mo	$220,000	$140	60
1245 Union Ave	0.69mi	3/1.5	1,350 (-3%)	2mo	$327,000	$242	59
4605 Keswick Rd	0.49mi	2/1.5 (-1)	1,268 (-9%)	0mo	$400,000	$315	54
3819 Hickory Ave	0.54mi	3/1.5	1,582 (+13%)	3mo	$400,000	$253	48

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 · 4.32% rent growth · sell at horizon

5-year hold

• IRR: 1.6%
• Equity multiple: 1.06×
• Total profit: $3,435
• Equity at exit: $29,821

10-year hold

• IRR: 12.5%
• Equity multiple: 2.05×
• Total profit: $58,931
• Equity at exit: $17,292

Cash invested: $56,000 (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 21211

• Rents YoY: 4.3%
• Active inventory: 91
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,442 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$287 /mo · $3,442/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$513
• Net cashflow: $510

Break-even live

Break-even rent $1,796

Max offer price $200,000

Occupancy floor 74%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4429 Newport Ave Baltimore, MD	3.0	2.0	1248	$2,400	$1.92	43d	1	0.21mi
1011 W 42nd St Baltimore, MD	3.0	1.0	1160	$2,100	$1.81	4d	1	0.26mi
4119 Falls Rd Baltimore, MD	3.0	1.5	1316	$2,500	$1.90	43d	1	0.34mi
4032 Falls Rd Baltimore, MD	2.0	1.0	1040	$1,645	$1.58	43d	1	0.38mi
4032 Falls Rd Unit 2 Baltimore, MD	2.0	1.0	1040	$1,650	$1.59	43d	1	0.38mi
1109 W 40th St Unit 1 Baltimore, MD	2.0	1.5	1392	$2,150	$1.54	4d	1	0.45mi
1109 W 40th St Baltimore, MD	3.0	1.5	944	$2,150	$2.28	4d	1	0.45mi
4319 Medfield Ave Baltimore, MD	3.0	2.5	1800	$3,100	$1.72	43d	1	0.51mi
4322 Roland Heights Ave Baltimore, MD	3.0	3.0	1800	$3,000	$1.67	43d	1	0.56mi
4320 Roland Heights Ave Baltimore, MD	3.0	2.5	1800	$3,300	$1.83	17d	1	0.56mi
4014 Linkwood Rd Unit D Baltimore, MD	2.0	1.5	1001	$1,800	$1.80	43d	1	0.63mi
3744 Hickory Ave Baltimore, MD	2.0	1.0	900	$1,900	$2.11	43d	1	0.65mi
727 W 40th St Baltimore, MD	1.0–2.0	1.0–2.0	1101	$3,822	$3.47	1d	4	0.66mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$3,505	$3.04	1d	31	0.68mi
1201 Union Ave Baltimore, MD	3.0	2.0	1410	$2,575	$1.83	43d	1	0.69mi
3925 Beech Ave Unit 314 Baltimore, MD	2.0	2.0	1050	$1,950	$1.86	4d	1	0.74mi
816 W 37th St Baltimore, MD	3.0	2.5	1468	$2,700	$1.84	4d	1	0.78mi
500 W University Pkwy Baltimore, MD	3.0	1.0–2.0	955	$3,020	$3.16	1d	60	0.78mi
3638 Keswick Rd Baltimore, MD	2.0	2.0	1170	$2,500	$2.14	43d	1	0.87mi
2080 Rockrose Ave Unit 2080-201 Baltimore, MD	2.0	2.0	1080	$2,100	$1.94	23d	1	0.89mi
3539 Roland Ave Baltimore, MD	3.0	2.5	1320	$3,500	$2.65	43d	1	0.90mi
3507 Elm Ave Baltimore, MD	3.0	2.5	1204	$2,295	$1.91	23d	1	0.91mi
108 W 39th St Baltimore, MD	2.0	1.0–2.0	1350	$2,189	$1.62	3d	11	0.91mi
1527 W 36th St Unit 2ND FLOOR Baltimore, MD	2.0	1.0	1200	$1,600	$1.33	43d	1	0.93mi
105 W 39th St Baltimore, MD	2.0	1.0	753	$2,250	$2.99	4d	1	0.94mi
3632 Parkdale Ave Baltimore, MD	3.0	1.0	1400	$3,000	$2.14	43d	1	0.96mi
828 W 35th St Baltimore, MD	3.0	2.0	1204	$1,800	$1.50	23d	1	0.96mi
2078 Druid Park Dr Unit 4 Baltimore, MD	2.0	2.5	1500	$2,500	$1.67	43d	1	0.96mi
2078 Druid Park Dr Baltimore, MD	2.0	3.0	1500	$2,500	$1.67	43d	1	0.96mi
3534 Poole St Unit 1 Baltimore, MD	3.0	2.0	1450	$2,600	$1.79	23d	1	0.97mi
3501 Chestnut Ave Baltimore, MD	2.0	1.5	1192	$1,825	$1.53	23d	1	0.99mi
3429 Chestnut Ave Unit 5 Baltimore, MD	2.0	2.5	900	$1,800	$2.00	23d	1	1.03mi
3811 Canterbury Rd Baltimore, MD	2.0	1.0–2.0	975	$2,495	$2.56	12d	5	1.06mi
3348 Chestnut Ave Baltimore, MD	4.0	3.5	1702	$3,200	$1.88	23d	1	1.09mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,325	$1.44	2d	4	1.11mi
103 Cross Keys Rd Unit R103D2 Baltimore, MD	2.0	2.0	1157	$2,000	$1.73	23d	1	1.19mi
620 W 33rd St Baltimore, MD	2.0	2.0	1200	$2,495	$2.08	20d	1	1.20mi
3100 Fallscliff Rd Baltimore, MD	2.0	1.0–2.0	729	$2,660	$3.65	2d	10	1.21mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	43d	1	1.22mi
4714 Greenspring Ave Baltimore, MD	2.0	1.0	890	$1,295	$1.46	43d	1	1.24mi

Listing history 7 events

1. 2026-06-18
   days on market $200,000 Active 9 DOM
2. 2026-06-17
   days on market $200,000 Active 8 DOM
3. 2026-06-16
   days on market $200,000 Active 7 DOM
4. 2026-06-15
   days on market $200,000 Active 6 DOM
5. 2026-06-13
   days on market $200,000 Active 4 DOM
6. 2026-06-10
   remarks 689-char remark
7. 2026-06-10
   listed $200,000 Active 1 DOM

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

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $3,442 · $287/mo
• Projected year-2 tax: $3,442 · $287/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 · 14 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: $29,304
• − Mortgage interest: −$11,203
• − Property taxes: −$3,442
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,344
• − Management: −$2,344
• − Depreciation: −$5,818
• Taxable income: $3,153
• Est. tax owed @ 24.0%: −$757
• After-tax cash flow: $5,366/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): 14,969
• Household income: $82,828
• Rent vs Own: 39.5% rent · 60.5% own
• Severe rent burden: 635.0

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 White (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 7% Hispanic / Latino 7% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% Chinese 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: ▼ -409.24%
• Current HPI: 458.2576
• Rent YoY: ▲ 4.32%
• 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

1 event — show timeline

• 2026-06-09 Listed $200,000 BRIGHT MLS

Property tax history

-1.6%/yr

Latest (2025): $3,442 · +2.2% YoY. Source: county tax records.