3141 Elmora Ave · Baltimore, MD 21213

$99,900

3 bd · 1.0 ba · 1,372 sqft · Townhouse public records · 69 Days on market

Built 1920 1,105 sqft lot $73/sqft · 21% below area Est $127k · 21% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 MLS

Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

Key facts

• Built 1920
• Listed 69 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $100k.

Deal economics

• At list price, monthly cash flow is $808 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.0% 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); 319 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); 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 $124 of equity ($691 loan paydown + $-567 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 $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 21y ago; this cycle's ask has dropped $13k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; 26% 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: 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 $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.77% ✓
• Cap rate: 15.99%
• Cash-on-cash: 34.65%
• DSCR: 2.54
• GRM: 4.7

CMA / ARV

• ARV (median comp): $126,777
• List price: $99,900
• Delta: -21.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3533 Elmley Ave	0.44mi	3/1.5	1,344 (-2%)	1mo	$70,000	$52	73
2422 E Federal St	0.51mi	3/1.0	1,350 (-2%)	1mo	$55,000	$41	72
2902 Clifton Park Ter	0.48mi	3/1.5	1,344 (-2%)	1mo	$66,000	$49	72
1418 N Linwood Ave	0.57mi	3/1.0	1,356 (-1%)	0mo	$90,000	$66	71
3114 Mareco Ave	0.44mi	3/2.0	1,410 (+3%)	2mo	$125,000	$89	70
1411 Kenhill Ave	0.58mi	4/2.0 (+1)	1,356 (-1%)	1mo	$240,000	$177	62
3564 Elmora Ave	0.50mi	3/1.5	1,478 (+8%)	1mo	$133,500	$90	61
3733 Ravenwood Ave	0.74mi	3/2.0	1,350 (-2%)	1mo	$135,000	$100	58
2821 Erdman Ave	0.52mi	2/2.0 (-1)	1,260 (-8%)	0mo	$75,000	$60	53
2846 Lake Ave	0.63mi	4/2.5 (+1)	1,455 (+6%)	2mo	$235,000	$162	48
3436 Cliftmont Ave	0.61mi	3/1.5	1,200 (-12%)	2mo	$120,000	$100	47
3555 Elmora Ave	0.48mi	4/2.0 (+1)	1,178 (-14%)	1mo	$254,000	$216	44

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: 36.5%
• Equity multiple: 2.79×
• Total profit: $49,941
• Equity at exit: $26,203

10-year hold

• IRR: 41.5%
• Equity multiple: 5.91×
• Total profit: $137,391
• Equity at exit: $29,337

Cash invested: $27,972 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,770 high
• Mortgage (P&I): −$524
• Tax from tax record: −$25 /mo · $305/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $808

Break-even live

Break-even rent $748

Max offer price $99,900

Occupancy floor 49%

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: $24,975
• Closing costs: $2,997
• 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	43d	1	0.03mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	23d	1	0.07mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	23d	1	0.07mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	43d	1	0.08mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	12d	1	0.08mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	17d	1	0.13mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	43d	1	0.13mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	23d	1	0.14mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	23d	1	0.14mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	23d	1	0.16mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	43d	1	0.16mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	17d	1	0.18mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.38mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	23d	1	0.45mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	43d	1	0.48mi
2522 E Federal St Baltimore, MD	2.0	2.0	1760	$1,400	$0.80	43d	1	0.49mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.56mi
2621 E Oliver St Baltimore, MD	3.0	2.0	1600	$1,700	$1.06	23d	1	0.57mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	23d	1	0.59mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	17d	1	0.60mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	43d	1	0.61mi
1403 N Linwood Ave Baltimore, MD	3.0	2.0	1660	$1,995	$1.20	43d	1	0.61mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.61mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	43d	1	0.62mi
4104 Erdman Ave Unit 2 Baltimore, MD	2.0	1.0	1566	$1,075	$0.69	4d	1	0.63mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	23d	1	0.64mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	43d	1	0.69mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	11d	1	0.69mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	43d	1	0.69mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	12d	1	0.71mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	21d	1	0.71mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	2d	1	0.71mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	43d	1	0.74mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	23d	1	0.74mi
2706 E Biddle St Baltimore, MD	3.0	2.0	1577	$1,395	$0.88	43d	1	0.76mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	43d	1	0.76mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	23d	1	0.77mi
3572 Juneway Unit 1 Baltimore, MD	2.0	1.0	1800	$1,200	$0.67	43d	1	0.80mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	43d	1	0.80mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	23d	1	0.80mi

Listing history 41 events

1. 2026-06-18
   days on market $99,900 Active 69 DOM
2. 2026-06-17
   days on market $99,900 Active 68 DOM
3. 2026-06-16
   days on market $99,900 Active 67 DOM
4. 2026-06-15
   days on market $99,900 Active 66 DOM
5. 2026-06-13
   days on market $99,900 Active 64 DOM
6. 2026-06-09
   days on market $99,900 Active 60 DOM
7. 2026-06-08
   days on market $99,900 Active 59 DOM
8. 2026-06-07
   days on market $99,900 Active 58 DOM
9. 2026-06-04
   days on market $99,900 Active 55 DOM
10. 2026-06-03
    days on market $99,900 Active 54 DOM
11. 2026-06-02
    days on market $99,900 Active 53 DOM
12. 2026-06-01
    days on market $99,900 Active 52 DOM
13. 2026-05-31
    days on market $99,900 Active 51 DOM
14. 2026-04-10
    listed $113,299 Active
15. 2025-01-29
    historical $1,350
16. 2025-01-27
    listed $1,350
17. 2025-01-26
    historical $1,350
18. 2025-01-01
    listed $1,350
19. 2023-08-18
    soldstatus $79,500 Closed 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

20. 2023-08-10
    status Pending 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

21. 2023-08-04
    status Active 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

22. 2023-06-28
    status Pending 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

23. 2023-06-13
    price $79,900 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

24. 2023-05-30
    price $89,900 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

25. 2023-04-14
    listed $101,900 Active 306-char remark

    Show marketing remark (306 chars)

    Interior porch front townhome located in Belair Edison offers a Living room w/ decorative FP, separate dining room and Kitchen on the main level. Upper level has 3 bedrooms & 1 full bath. Lower level is unfinished. Newer Carpet & Paint & New Roof. SOLD AS-IS. GR/HOA/FF fees TBD by buyer.

26. 2019-02-27
    historical
27. 2019-02-07
    listed $25,000 Active
28. 2016-05-13
    historical
29. 2016-05-13
    historical Withdrawn
30. 2015-06-01
    listed Active
31. 2015-06-01
    listed $75,000
32. 2010-06-30
    historical Temporarily Off-Market
33. 2010-06-30
    historical
34. 2009-12-01
    listed Active
35. 2009-12-01
    listed $105,000
36. 2007-10-19
    soldstatus $73,000
37. 2005-08-01
    soldstatus $55,000
38. 2005-07-19
    soldstatus $55,000
39. 2005-07-14
    historical
40. 2005-05-20
    listed $56,900
41. 1987-01-20
    soldstatus $29,500

ⓘ 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: $305 · $25/mo
• Projected year-2 tax: $697 · $58/mo
• Expected delta: +$392/yr (+$33/mo · 128.3%)

ⓘ 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 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: $21,244
• − Mortgage interest: −$5,596
• − Property taxes: −$305
• − Insurance: −$500
• − Repairs & maintenance: −$1,700
• − Management: −$1,700
• − Depreciation: −$2,906
• Taxable income: $8,538
• Est. tax owed @ 24.0%: −$2,049
• After-tax cash flow: $7,642/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

+284.1% since first listed

28 events — show timeline

• 2026-04-10 Listed $113,299 BRIGHT MLS
• 2025-01-29 Rental Removed $1,350 RENTALBEAST
• 2025-01-27 Listed for Rent $1,350 RENTALBEAST
• 2025-01-26 Rental Removed $1,350 TURBOTENANT
• 2025-01-01 Listed for Rent $1,350 TURBOTENANT
• 2023-08-18 Sold (MLS) $79,500 BRIGHT MLS
• 2023-08-10 Pending — BRIGHT MLS
• 2023-08-04 Relisted — BRIGHT MLS
• 2023-06-28 Pending — BRIGHT MLS
• 2023-06-13 Price Changed $79,900 BRIGHT MLS
• 2023-05-30 Price Changed $89,900 BRIGHT MLS
• 2023-04-14 Listed $101,900 BRIGHT MLS
• 2019-02-27 Listing Removed — BRIGHT MLS
• 2019-02-07 Listed $25,000 BRIGHT MLS
• 2016-05-13 Delisted — MRIS
• 2016-05-13 Listing Removed — BRIGHT MLS
• 2015-06-01 Listed — MRIS
• 2015-06-01 Listed $75,000 BRIGHT MLS
• 2010-06-30 Delisted — MRIS
• 2010-06-30 Listing Removed — BRIGHT MLS
• 2009-12-01 Listed — MRIS
• 2009-12-01 Listed $105,000 BRIGHT MLS
• 2007-10-19 Sold (Public Records) $73,000 Public Records
• 2005-08-01 Sold (Public Records) $55,000 Public Records
• 2005-07-19 Sold (MLS) $55,000 MRIS
• 2005-07-14 Delisted — MRIS
• 2005-05-20 Listed $56,900 MRIS
• 1987-01-20 Sold (Public Records) $29,500 Public Records

Property tax history

-11.6%/yr

Latest (2025): $305 · +5.4% YoY. Source: county tax records.