4110 Newton Ave · Baltimore, MD 21215

$139,900

2 bd · 1.0 ba · 1,200 sqft · Townhouse public records · 53 Days on market

Built 1920 $117/sqft · at area comps Est $135k · at est.

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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 +24.8/30.0
• DSCR +8.1/10.0
• 1% rule +6.3/10.0
• ARV discount +5.8/15.0
• 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

Recently updated 2Bd/1.5ba SDT - new paint, new flooring, kitchen cabinets, windows and ready to move in. Fenced back yard, CAC

Key facts

• Fenced back yard
• New flooring
• New paint

Tags

• FENCED BACK YARD
• NEW PAINT
• NEW FLOORING
• KITCHEN CABINETS
• NEW WINDOWS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Natural gas heating and hot water; Public water; Public sewer
• Home design: Semi-detached property; Fee simple ownership; Good condition; Located within city limits (Baltimore City)
• Construction: Brick construction; Block foundation; Built-up roof; Year built per assessor
• Exterior features: Basement with connecting stairway — full and unfinished; Above-grade and below-grade structures noted; Public water and public sewer

Interior

• Kitchen: Kitchen
• Bedrooms: 2 bedrooms on the first upper level
• Bathrooms: 1 full bathroom on the upper level; 1 half bathroom on the main level
• Heating & cooling: Forced air heating; Electric cooling (other type)
• Interior features: Living room; Dining room; Office
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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 (+2.4%/yr); 354 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 37% 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 $967 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

• It's been on market 53 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $98k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 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 1920 — 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: 1.13% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.11%
• DSCR: 1.41
• GRM: 7.3

CMA / ARV

• ARV (median comp): $134,862
• List price: $139,900
• Delta: 3.74%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5444 Fairlawn Ave	0.11mi	3/1.5 (+1)	1,178 (-2%)	7mo	$130,000	$110	79
5533 Nome Ave	0.04mi	2/2.0	1,085 (-10%)	2mo	$110,500	$102	76
4116 W Rogers Ave	0.05mi	3/2.0 (+1)	1,140 (-5%)	10mo	$230,000	$202	72
5422 Price Ave	0.23mi	3/1.5 (+1)	1,080 (-10%)	2mo	$140,000	$130	64
5423 Jonquil Ave	0.37mi	3/1.0 (+1)	1,260 (+5%)	8mo	$87,000	$69	63
3916 Hayward Ave	0.40mi	3/2.5 (+1)	1,248 (+4%)	3mo	$237,375	$190	61
3800 Hayward Ave	0.46mi	3/2.0 (+1)	1,224 (+2%)	6mo	$80,000	$65	61
4105 Newbern Ave	0.23mi	3/2.0 (+1)	1,280 (+7%)	10mo	$234,900	$184	61
5329 Cordelia Ave	0.43mi	3/1.0 (+1)	1,080 (-10%)	1mo	$105,000	$97	57
3335 Avondale Ave	0.71mi	3/2.0 (+1)	1,200 (0%)	9mo	$214,000	$178	50
5334 Cuthbert Ave	0.46mi	3/2.0 (+1)	1,280 (+7%)	10mo	$199,000	$155	50
3303 W Northern Pkwy	0.74mi	3/1.5 (+1)	1,152 (-4%)	11mo	$80,000	$69	43

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: -3.2%
• Equity multiple: 0.88×
• Total profit: $-4,657
• Equity at exit: $20,860

10-year hold

• IRR: 5.9%
• Equity multiple: 1.42×
• Total profit: $16,597
• Equity at exit: $12,096

Cash invested: $39,172 (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: 354
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,586 high
• Mortgage (P&I): −$734
• Tax from tax record: −$164 /mo · $1,967/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $297

Break-even live

Break-even rent $1,210

Max offer price $139,900

Occupancy floor 76%

Sensitivity live

Price	-10% $376	-5% $337	+0% $297	+5% $258	+10% $218
Rent	-10% $172	-5% $235	+0% $297	+5% $360	+10% $423
Rate	-1.0pp $368	-0.5pp $333	base $297	+0.5pp $261	+1.0pp $224

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	44d	1	0.22mi
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	24d	1	0.37mi
3908 Groveland Ave Apt F Baltimore, MD	2.0	1.0	815	$1,695	$2.08	44d	1	0.61mi
4008 Fordleigh Rd Baltimore, MD	1.0–2.0	1.0	695	$1,305	$1.88	5d	6	0.65mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	44d	1	0.74mi
4016 N Rogers Ave Baltimore, MD	2.0	1.0	717	$1,195	$1.67	44d	1	0.75mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	44d	1	0.76mi
4101 Fernhill Ave Unit 2W Baltimore, MD	1.0	1.0	761	$1,200	$1.58	24d	1	0.77mi
5340 Maple Ave Baltimore, MD	2.0	1.0	1200	$1,950	$1.62	44d	1	0.78mi
3800 Fords Ln Baltimore, MD	1.0	1.0	710	$1,250	$1.76	2d	3	0.78mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	44d	1	0.82mi
3904 Penhurst Ave Baltimore, MD	2.0	1.0	760	$1,175	$1.55	44d	1	0.82mi
3638 Fords Ln Baltimore, MD	2.0	2.0	1001	$1,795	$1.79	44d	1	0.86mi
3727 Milford Ave Gwynn Oak, MD	3.0	1.0	900	$1,450	$1.61	44d	1	0.92mi
4828 Beaufort Ave Baltimore, MD	2.0	2.5	1200	$1,850	$1.54	24d	1	0.93mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	5d	1	0.93mi
3705 Midheights Rd Baltimore, MD	3.0	1.5	1024	$1,900	$1.86	24d	1	0.93mi
3807 Bowers Ave Gwynn Oak, MD	3.0	1.5	1152	$2,200	$1.91	44d	1	0.94mi
3809 Clarks Ln Unit 301 Baltimore, MD	2.0	2.0	1057	$1,600	$1.51	24d	1	0.98mi
6317 Pearce Ave Baltimore, MD	2.0	2.0	1140	$1,600	$1.40	44d	1	1.03mi
3601 Howard Park Ave Unit 2 Baltimore, MD	3.0	1.0	1000	$1,650	$1.65	44d	1	1.09mi
3617 Mohawk Ave Baltimore, MD	2.0	1.0	1000	$1,595	$1.59	44d	1	1.12mi
3615 Mohawk Ave Gwynn Oak, MD	2.0	1.0	1000	$1,610	$1.61	44d	1	1.12mi
2900 Taney Rd Apt 1A Baltimore, MD	2.0	2.0	1200	$1,600	$1.33	24d	1	1.13mi
6609 Eberle Dr Baltimore, MD	1.0–3.0	1.0–2.0	1011	$1,478	$1.46	2d	25	1.13mi
3607 Labyrinth Rd Baltimore, MD	1.0–3.0	1.0–2.0	925	$1,600	$1.73	20d	5	1.15mi
5902 Cross Country Blvd Baltimore, MD	1.0–2.0	1.0–2.0	785	$1,699	$2.16	5d	6	1.15mi
5902 Cross Country Blvd Baltimore, MD	2.0	2.0	720	$1,575	$2.19	24d	1	1.15mi
3016 Thorndale Ave Baltimore, MD	1.0–3.0	1.0	700	$1,020	$1.46	5d	14	1.16mi
3601 Parkview Ave Gwynn Oak, MD	2.0	1.0	849	$1,412	$1.66	4d	6	1.17mi
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	44d	1	1.17mi
4300 Liberty Heights Ave Apt 2D Baltimore, MD	1.0	1.0	750	$1,200	$1.60	44d	1	1.24mi
6810 Park Heights Ave Baltimore, MD	1.0	1.0	800	$1,295	$1.62	44d	1	1.27mi
3701 Garrison Blvd Unit 3 Baltimore, MD	2.0	1.0	820	$1,399	$1.71	24d	1	1.31mi
3301 Clarks Ln Baltimore, MD	1.0–2.0	1.0	801	$1,345	$1.68	3d	10	1.32mi
3600 Garrison Blvd Apt T1 Baltimore, MD	2.0	1.0	800	$1,125	$1.41	4d	1	1.36mi
3600 Garrison Blvd Unit T2 Baltimore, MD	2.0	1.0	750	$1,149	$1.53	24d	1	1.36mi
3600 Garrison Blvd Unit B3 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	44d	1	1.36mi
5009 Norwood Ave Gwynn Oak, MD	2.0	1.0	800	$1,150	$1.44	44d	1	1.38mi
2432 Everton Rd Unit 2435 A Baltimore, MD	2.0	1.5	1000	$1,500	$1.50	24d	1	1.41mi

Listing history 17 events

1. 2026-06-21
   days on market $139,900 Active 53 DOM
2. 2026-06-18
   days on market $139,900 Active 50 DOM
3. 2026-06-17
   days on market $139,900 Active 49 DOM
4. 2026-06-16
   days on market $139,900 Active 48 DOM
5. 2026-06-15
   days on market $139,900 Active 47 DOM
6. 2026-06-13
   days on market $139,900 Active 45 DOM
7. 2026-06-09
   days on market $139,900 Active 41 DOM
8. 2026-06-08
   days on market $139,900 Active 40 DOM
9. 2026-06-07
   days on market $139,900 Active 39 DOM
10. 2026-06-04
    days on market $139,900 Active 36 DOM
11. 2026-06-03
    days on market $139,900 Active 35 DOM
12. 2026-06-02
    days on market $139,900 Active 34 DOM
13. 2026-06-01
    days on market $139,900 Active 33 DOM
14. 2026-05-31
    days on market $139,900 Active 32 DOM
15. 2026-04-29
    listed $139,900 Active 127-char remark
16. 2006-11-15
    soldstatus $97,500
17. 1997-01-29
    soldstatus $11,500

ⓘ 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: $1,967 · $164/mo
• Projected year-2 tax: $1,967 · $164/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 5/10 Major FEMA zone X (unshaded) · 67% 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: $19,034
• − Mortgage interest: −$7,837
• − Property taxes: −$1,967
• − Insurance: −$700
• − Repairs & maintenance: −$1,523
• − Management: −$1,523
• − Depreciation: −$4,070
• Taxable income: $1,416
• Est. tax owed @ 24.0%: −$340
• After-tax cash flow: $3,227/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

+1116.5% since first listed

3 events — show timeline

• 2026-04-29 Listed $139,900 BRIGHT MLS
• 2006-11-15 Sold (Public Records) $97,500 Public Records
• 1997-01-29 Sold (Public Records) $11,500 Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,967 · +4.7% YoY. Source: county tax records.