3211 Elmley Ave · Baltimore, MD 21213

$120,000

3 bd · 1.0 ba · 896 sqft · Townhouse public records · 16 Days on market

Built 1923 Est $132k · 9% 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 +30.0/30.0
• ARV discount +11.5/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• 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

IMMEDIATE AVAILABILITY >> Home Qualifies for 100% Financing & Up To $10,000 in Closing Cost Help > NO HOA << Gorgeous Gleaming Hardwood Floors, Fresh Paint and Sunlit Living Spaces That Feel Instantly Inviting. Upstairs Offers Three Spacious Bedrooms, New Carpet & A Stylishly Updated Full Bath. The Partially Finished Basement Adds Flex Space For A Rec Room, Office, Or Storage—Plus Laundry And Walk-Out Access to a Private Fenced Yard Built Cookouts with Family & Friends. Updated Systems, And On-Street Parking Round Out The Package. Minutes From Herring Run Park, Local Shops, Schools and Easy Access to Major Commuter Routes (Walking Distance to MTA)&mda

Key facts

• Updated systems
• Private fenced yard
• Sunlit living spaces

Tags

• HARDWOOD FLOORS
• SUNLIT LIVING SPACES
• PARTIALLY FINISHED BASEMENT
• PRIVATE FENCED YARD
• UPDATED SYSTEMS
• WALKING DISTANCE TO MTA

Property features AI

Finance

• Other: Ownership interest: Ground rent
• Financial info: Ground rent exists; $96 annually

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Interior townhouse/rowhouse; Effective year renovated: 2013
• Construction: Brick construction; Concrete perimeter foundation; Built/record year source: Assessor
• Exterior features: Patio(s); Above grade and below grade structures

Interior

• Kitchen: Gas oven/range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Natural gas heating and hot water
• Interior features: Combination kitchen and dining area; Basement present (other type)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $120k.

Deal economics

• At list price, monthly cash flow is $553 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $118k (1.5% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: The Belair-Edison School (math 3% / reading 13%, grade F, #674 of 860 statewide, top 79%, 1,013 students, 87% FRL, charter); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Zoned-school proficiency averages 32% at this address vs 12% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• 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 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• In year one you build about $148 of equity ($830 loan paydown + $-682 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 $34k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 13y 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 $44k; list at $120k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $118,200 (1.5% below list)

Questions for the listing agent

1. Built in 1923 — 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: 1.42% ✓
• Cap rate: 11.82%
• Cash-on-cash: 19.74%
• DSCR: 1.88
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $131,712
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3307 Elmora Ave	0.10mi	3/1.0	896 (0%)	3mo	$155,000	$173	93
3224 Elmora Ave	0.06mi	3/1.0	896 (0%)	5mo	$82,000	$92	93
3427 Ravenwood Ave	0.20mi	3/1.0	896 (0%)	0mo	$120,900	$135	90
3315 Lyndale Ave	0.09mi	2/1.5 (-1)	896 (0%)	1mo	$145,000	$162	88
3338 Elmora Ave	0.13mi	2/1.0 (-1)	896 (0%)	2mo	$149,500	$167	88
3410 Elmora Ave	0.16mi	3/2.0	896 (0%)	4mo	$93,500	$104	86
3215 Elmora Ave	0.08mi	4/1.5 (+1)	896 (0%)	5mo	$115,000	$128	85
3335 Lyndale Ave	0.12mi	4/3.0 (+1)	896 (0%)	5mo	$125,000	$140	77
3300 Elmley Ave	0.06mi	4/2.0 (+1)	952 (+6%)	5mo	$161,000	$169	74
3332 Brendan Ave	0.62mi	3/1.5	870 (-3%)	1mo	$128,000	$147	63
2709 E Hoffman St	0.70mi	2/1.0 (-1)	840 (-6%)	1mo	$115,000	$137	51
1532 N Patterson Park Ave	0.71mi	3/2.0	984 (+10%)	6mo	$199,000	$202	42

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: 20.2%
• Equity multiple: 1.97×
• Total profit: $32,480
• Equity at exit: $31,475

10-year hold

• IRR: 26.5%
• Equity multiple: 4.06×
• Total profit: $102,854
• Equity at exit: $35,240

Cash invested: $33,600 (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: 5.9×

Monthly cashflow live

• Estimated rent: $1,706 high
• Mortgage (P&I): −$629
• Tax from tax record: −$115 /mo · $1,386/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $553

Break-even live

Break-even rent $1,006

Max offer price $120,000

Occupancy floor 63%

Sensitivity live

Price	-10% $621	-5% $587	+0% $553	+5% $519	+10% $485
Rent	-10% $418	-5% $485	+0% $553	+5% $620	+10% $688
Rate	-1.0pp $613	-0.5pp $583	base $553	+0.5pp $522	+1.0pp $490

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	25d	1	0.03mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	25d	1	0.05mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	19d	1	0.09mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	45d	1	0.09mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	25d	1	0.13mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	45d	1	0.14mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	19d	1	0.17mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	25d	1	0.55mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	45d	1	0.56mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	45d	1	0.57mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	25d	1	0.63mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	25d	1	0.71mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	45d	1	0.75mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	14d	1	0.75mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	23d	1	0.75mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	25d	1	0.80mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	25d	1	0.91mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	25d	1	0.91mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	25d	1	0.94mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	45d	1	0.98mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	45d	1	1.04mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	4d	1	1.11mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	45d	1	1.11mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	4d	1	1.15mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	25d	1	1.17mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	6d	1	1.17mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	45d	1	1.24mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	45d	1	1.28mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	21d	2	1.31mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	21d	1	1.31mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	45d	1	1.32mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	45d	3	1.33mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	16d	1	1.33mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	45d	1	1.33mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	25d	1	1.33mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	45d	1	1.36mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	6d	1	1.37mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	21d	1	1.37mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	25d	1	1.42mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	25d	1	1.43mi

Listing history 12 events

1. 2026-06-21
   days on market $120,000 Active 16 DOM
2. 2026-06-18
   days on market $120,000 Active 13 DOM
3. 2026-06-17
   price $120,000 Active 12 DOM
4. 2026-06-17
   price $150,000 Active 12 DOM
5. 2026-06-17
   days on market $120,000 Active 12 DOM
6. 2026-06-16
   days on market $120,000 Active 11 DOM
7. 2026-06-15
   days on market $120,000 Active 10 DOM
8. 2026-06-13
   days on market $120,000 Active 8 DOM
9. 2026-06-09
   days on market $120,000 Active 4 DOM
10. 2026-06-08
    days on market $120,000 Active 3 DOM
11. 2026-06-07
    remarks 666-char remark
12. 2026-06-07
    listed $120,000 Active 2 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: $1,386 · $115/mo
• Projected year-2 tax: $1,386 · $115/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 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: $20,469
• − Mortgage interest: −$6,722
• − Property taxes: −$1,386
• − Insurance: −$600
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − Depreciation: −$3,491
• Taxable income: $4,995
• Est. tax owed @ 24.0%: −$1,199
• After-tax cash flow: $5,434/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

+166.7% since first listed

32 events — show timeline

• 2026-06-05 Listed $120,000 BRIGHT MLS
• 2026-04-30 Listing Removed — BRIGHT MLS
• 2026-03-25 Price Changed $130,000 BRIGHT MLS
• 2026-02-20 Price Changed $139,900 BRIGHT MLS
• 2026-02-20 Price Changed $149,900 BRIGHT MLS
• 2026-02-11 Listed $139,900 BRIGHT MLS
• 2026-01-26 Listing Removed — BRIGHT MLS
• 2025-12-13 Relisted — BRIGHT MLS
• 2025-12-02 Listing Removed — BRIGHT MLS
• 2025-10-23 Price Changed $130,000 BRIGHT MLS
• 2025-10-23 Relisted — BRIGHT MLS
• 2025-10-23 Listing Removed — BRIGHT MLS
• 2025-09-17 Listed $135,000 BRIGHT MLS
• 2025-05-29 Listing Removed — BRIGHT MLS
• 2025-03-20 Listed $130,000 BRIGHT MLS
• 2025-03-19 Price Changed $130,000 BRIGHT MLS
• 2025-03-17 Coming Soon — BRIGHT MLS
• 2024-12-30 Listing Removed — BRIGHT MLS
• 2024-12-26 Relisted — BRIGHT MLS
• 2024-12-26 Listing Removed — BRIGHT MLS
• 2024-11-16 Price Changed $145,000 BRIGHT MLS
• 2024-07-05 Price Changed $150,000 BRIGHT MLS
• 2024-05-24 Listed $175,000 BRIGHT MLS
• 2014-01-03 Listing Removed — BRIGHT MLS
• 2014-01-03 Delisted — MRIS
• 2014-01-03 Relisted — MRIS
• 2013-12-20 Delisted — MRIS
• 2013-07-23 Listed — MRIS
• 2013-07-23 Listed $96,900 BRIGHT MLS
• 2005-05-16 Sold (Public Records) $44,100 Public Records
• 1993-03-03 Sold (Public Records) $24,383 Public Records
• 1992-03-25 Sold (Public Records) $45,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $1,386 · +3.7% YoY. Source: county tax records.