4214 Springdale Ave · Baltimore, MD 21207

$199,900

6 bd · 3.0 ba · 2,688 sqft · SingleFamily public records · 20 Days on market

Built 1920 9,984 sqft lot Est $347k · 42% 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
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Appreciation +9.8/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Very well maintained multi unit home offering 6+ bedrooms currently configured as a legal 3 unit triplex feat. 3 self contained apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income, but can be converted back to a super spacious single fam home.

Key facts

• 9,984 sq ft lot
• Built 1920
• Listed 20 days

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $723 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.0% 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); 126 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $19k appreciation (9.5% 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 (9.5% appreciation + 5.2% rent growth), your $56k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y 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 $165k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; flood insurance adds $56/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; moderate wind risk, 23% 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 $196,901 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.49% ✓
• Cap rate: 10.97%
• Cash-on-cash: 16.69%
• DSCR: 1.74
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $346,752
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4300 Springdale Ave	0.01mi	7/2.0 (+1)	2,729 (+2%)	7mo	$220,000	$81	82
3923 Fairview Ave	0.46mi	5/3.0 (-1)	2,788 (+4%)	1mo	$360,000	$129	66
4124 W Forest Park Ave W	0.25mi	7/2.5 (+1)	2,372 (-12%)	0mo	$264,500	$112	61
4011 Maine Ave	0.19mi	5/3.0 (-1)	2,355 (-12%)	6mo	$184,000	$78	60
3708 Mohawk Ave	0.40mi	5/4.0 (-1)	2,468 (-8%)	3mo	$375,000	$152	56
2813 Gwynnview Rd	0.69mi	6/4.0	2,784 (+4%)	3mo	$460,000	$165	55
3911 Chatham Rd	0.40mi	5/2.5 (-1)	2,407 (-10%)	5mo	$370,000	$154	53
4311 Fernhill Ave	0.69mi	7/3.5 (+1)	2,550 (-5%)	0mo	$374,000	$147	52
3904 Belle Ave	0.66mi	6/4.0	2,802 (+4%)	8mo	$155,000	$55	52
2912 Allendale Rd	0.68mi	5/3.0 (-1)	2,858 (+6%)	7mo	$349,900	$122	47
3816 Sequoia Ave	0.66mi	5/2.5 (-1)	2,382 (-11%)	3mo	$169,900	$71	40
3703 Egerton Rd	0.61mi	5/4.5 (-1)	3,051 (+14%)	3mo	$479,900	$157	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

9.5% appreciation · 5.23% rent growth · sell at horizon

5-year hold

• IRR: 36.1%
• Equity multiple: 3.77×
• Total profit: $155,145
• Equity at exit: $172,835

10-year hold

• IRR: 32.3%
• Equity multiple: 8.76×
• Total profit: $434,611
• Equity at exit: $365,270

Cash invested: $55,972 (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 21207

• Home prices YoY: 1.1%
• Rents YoY: 5.2%
• Active inventory: 126
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,981 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$445 /mo · $5,341/yr
• Insurance: −$83
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$626
• Net cashflow: $723

Break-even live

Break-even rent $2,066

Max offer price $199,900

Occupancy floor 71%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4029 Fairview Ave Baltimore, MD	5.0	4.5	2653	$3,200	$1.21	43d	1	0.40mi
2510 Roslyn Ave Baltimore, MD	6.0	5.0	2663	$4,200	$1.58	43d	1	0.96mi

Listing history 26 events

1. 2026-03-12
   status Pending
2. 2026-02-20
   listed $199,900 Active
3. 2017-01-26
   soldstatus $165,000
4. 2017-01-11
   historical 395-char remark

   Show marketing remark (395 chars)

   Very well maintained multi unit home offering 6+ bedrooms currently configured as a legal 3 unit triplex feat. 3 self contained apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income, but can be converted back to a super spacious single fam home.

5. 2017-01-10
   soldstatus $165,000 395-char remark

   Show marketing remark (326 chars)

   Very well maintained multi unit currently configured as 3 self contained legal licensed apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income. Basement for storage or workshop.

6. 2017-01-10
   soldstatus $165,000 326-char remark

   Show marketing remark (326 chars)

   Very well maintained multi unit currently configured as 3 self contained legal licensed apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income. Basement for storage or workshop.

7. 2017-01-10
   soldstatus $165,000 Sold

   Show marketing remark (326 chars)

   Very well maintained multi unit currently configured as 3 self contained legal licensed apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income. Basement for storage or workshop.

8. 2017-01-10
   soldstatus $165,000 Sold

   Show marketing remark (326 chars)

   Very well maintained multi unit currently configured as 3 self contained legal licensed apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income. Basement for storage or workshop.

9. 2016-11-29
   status Contract
10. 2016-11-29
    status Contract
11. 2016-11-24
    historical Temporarily Off-Market
12. 2016-11-24
    historical Temporarily Off-Market
13. 2016-11-20
    price $169,000
14. 2016-11-20
    price $169,000
15. 2016-10-26
    price $164,900
16. 2016-10-26
    price $164,900
17. 2016-10-26
    status Active
18. 2016-10-26
    status Active
19. 2016-10-19
    historical Expired
20. 2016-10-19
    historical Expired
21. 2016-10-07
    price $174,900
22. 2016-08-22
    price $179,900
23. 2016-08-22
    price $179,900
24. 2016-05-17
    listed $189,900 Active
25. 2016-05-14
    listed $189,900 Active
26. 2016-05-13
    listed $169,000 395-char remark

    Show marketing remark (395 chars)

    Very well maintained multi unit home offering 6+ bedrooms currently configured as a legal 3 unit triplex feat. 3 self contained apts. Gleaming hrdwd flrs. and updated kitchens and baths. Live in one unit and let the other 2 units pay the entire mortgage. Great oppty' for 1st time home-buyer or investor seeking solid rental income, but can be converted back to a super spacious single fam home.

ⓘ 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: $5,341 · $445/mo
• Projected year-2 tax: $5,341 · $445/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 8/10 Severe FEMA zone X (unshaded) · 99% 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 23% 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: $35,777
• − Mortgage interest: −$11,198
• − Property taxes: −$5,341
• − Insurance: −$1,666
• − Repairs & maintenance: −$2,862
• − Management: −$2,862
• − Depreciation: −$5,815
• Taxable income: $6,032
• Est. tax owed @ 24.0%: −$1,448
• After-tax cash flow: $7,229/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 County · 769,527 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,099
• Household income: $67,060
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 2139.0

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 (78%)
• Race & ethnicity: Black 78% White 8% Hispanic / Latino 7% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Swedish 1%
• Foreign-born: 13% · Canada, Philippines, South Korea
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 1% 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: ▲ 9.50%
• Current HPI: 843.63
• Rent YoY: ▲ 5.23%
• 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

+18.3% since first listed

26 events — show timeline

• 2026-03-12 Pending — BRIGHT MLS
• 2026-02-20 Listed $199,900 BRIGHT MLS
• 2017-01-26 Sold (Public Records) $165,000 Public Records
• 2017-01-11 Listing Removed — BRIGHT MLS
• 2017-01-10 Sold (MLS) $165,000 MRIS
• 2017-01-10 Sold (MLS) $165,000 MRIS
• 2017-01-10 Sold (MLS) $165,000 BRIGHT MLS
• 2017-01-10 Sold (MLS) $165,000 BRIGHT MLS
• 2016-11-29 Pending — MRIS
• 2016-11-29 Pending — MRIS
• 2016-11-24 Delisted — MRIS
• 2016-11-24 Delisted — MRIS
• 2016-11-20 Price Changed $169,000 MRIS
• 2016-11-20 Price Changed $169,000 MRIS
• 2016-10-26 Price Changed $164,900 MRIS
• 2016-10-26 Price Changed $164,900 MRIS
• 2016-10-26 Relisted — MRIS
• 2016-10-26 Relisted — MRIS
• 2016-10-19 Delisted — MRIS
• 2016-10-19 Delisted — MRIS
• 2016-10-07 Price Changed $174,900 MRIS
• 2016-08-22 Price Changed $179,900 MRIS
• 2016-08-22 Price Changed $179,900 MRIS
• 2016-05-17 Listed $189,900 MRIS
• 2016-05-14 Listed $189,900 MRIS
• 2016-05-13 Listed $169,000 BRIGHT MLS

Property tax history

+2.1%/yr

Latest (2025): $5,341 · +6.1% YoY. Source: county tax records.