6313 Pioneer Dr · Baltimore, MD 21214

$140,000

3 bd · 1.5 ba · 1,485 sqft · Townhouse public records · 5 Days on market

Built 1955 Est $232k · 40% 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful Brick Home across from Herring Run Park with the upgrades all done for you. New hot water heater, fridge, stove, dishwasher, & microwave. This home features 3 bedrooms & full bath on upper level. Spacious main level w/ living room & separate dining room. Finished basement with half bath & storage. Has Alarm. Located on 1-way street in quiet neighborhood. Easy access to Perring Pkwy/695

Key facts

• Built 1955
• Listed 5 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $477 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 10.4% 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: 98 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); 52% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 11y 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.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $140,000

Questions for the listing agent

1. Built in 1955 — 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: 1.38% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.61%
• DSCR: 1.65
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $231,660
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2210 Walshire Ave	0.12mi	3/2.0	1,600 (+8%)	5mo	$250,000	$156	75
6210 Pilgrim Rd	0.15mi	3/1.5	1,280 (-14%)	2mo	$213,000	$166	68
1647 Walterswood Rd	0.55mi	3/2.0	1,520 (+2%)	4mo	$250,000	$164	65
2221 Walshire Ave	0.14mi	3/1.0	1,280 (-14%)	6mo	$181,000	$141	64
1558 Sherwood Ave NE	0.65mi	3/1.5	1,520 (+2%)	6mo	$228,000	$150	61
1600 Walterswood Rd	0.58mi	4/2.0 (+1)	1,520 (+2%)	2mo	$231,000	$152	61
1621 Walterswood Rd	0.58mi	4/2.0 (+1)	1,520 (+2%)	6mo	$278,000	$183	58
1524 Gleneagle Rd	0.73mi	3/1.5	1,520 (+2%)	6mo	$230,000	$151	57
1656 Ramblewood Rd	0.69mi	4/2.0 (+1)	1,506 (+1%)	4mo	$255,000	$169	55
1526 Wadsworth Way	0.64mi	4/2.0 (+1)	1,600 (+8%)	1mo	$279,900	$175	49
1645 Gleneagle Rd	0.67mi	3/1.5	1,330 (-10%)	4mo	$170,000	$128	48
5906 Ayleshire Rd	0.70mi	3/1.5	1,690 (+14%)	1mo	$155,900	$92	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.1%
• Equity multiple: 1.20×
• Total profit: $7,802
• Equity at exit: $20,874

10-year hold

• IRR: 14.6%
• Equity multiple: 2.18×
• Total profit: $46,279
• Equity at exit: $12,105

Cash invested: $39,200 (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 21214

• Active inventory: 98
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,937 high
• Mortgage (P&I): −$734
• Tax from tax record: −$260 /mo · $3,125/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $477

Break-even live

Break-even rent $1,333

Max offer price $140,000

Occupancy floor 70%

Sensitivity live

Price	-10% $557	-5% $517	+0% $477	+5% $438	+10% $398
Rent	-10% $324	-5% $401	+0% $477	+5% $554	+10% $630
Rate	-1.0pp $548	-0.5pp $513	base $477	+0.5pp $441	+1.0pp $404

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2106 Cloville Ave Baltimore, MD	3.0	1.5	1080	$1,700	$1.57	44d	1	0.17mi
6502 McClean Blvd Unit 2211-B3 Baltimore, MD	2.0	1.0	925	$1,495	$1.62	23d	1	0.26mi
6502 McClean Blvd Baltimore, MD	2.0	1.0	925	$1,537	$1.66	44d	1	0.31mi
6212 Laurelton Ave Baltimore, MD	2.0	1.0	960	$1,325	$1.38	44d	1	0.36mi
1806 Ramblewood Rd Apt A Baltimore, MD	2.0	2.0	903	$1,847	$2.05	44d	1	0.43mi
5781 Edgepark Rd Baltimore, MD	3.0	2.0	1568	$1,975	$1.26	17d	1	0.45mi
1646 Wadsworth Way Baltimore, MD	3.0	1.0	1520	$2,100	$1.38	12d	1	0.50mi
1900 Ramblewood Rd Apt A Baltimore, MD	2.0	2.0	903	$1,847	$2.05	44d	1	0.54mi
6612 Birchwood Ave Baltimore, MD	3.0	2.0	1122	$2,300	$2.05	21d	1	0.57mi
1908 E Belvedere Ave Baltimore, MD	4.0	2.0	1425	$1,950	$1.37	21d	1	0.64mi
2804 Christopher Ave Baltimore, MD	3.0	2.5	1280	$2,200	$1.72	25d	1	0.66mi
1726 E Belvedere Ave Baltimore, MD	3.0	2.0	1140	$1,895	$1.66	23d	1	0.66mi
6101 Loch Raven Blvd Baltimore, MD	1.0–2.0	1.0–2.0	1138	$2,318	$2.04	3d	8	0.66mi
7202 Sindall Rd Unit 7202 Parkville, MD	3.0	1.0	1350	$1,850	$1.37	44d	1	0.74mi
2077 Woodbourne Ave Baltimore, MD	1.0–2.0	1.0	830	$1,419	$1.71	3d	5	0.74mi
1508 Gleneagle Rd Baltimore, MD	3.0	2.0	1824	$2,180	$1.20	5d	1	0.77mi
1444 Meridene Dr Baltimore, MD	3.0	1.5	1520	$1,950	$1.28	44d	1	0.77mi
2028 Hillenwood Rd Baltimore, MD	4.0	2.0	1820	$2,100	$1.15	23d	1	0.81mi
2805 Hamilton Ave Baltimore, MD	4.0	2.0	1416	$2,300	$1.62	44d	1	0.83mi
1629 Wentworth Ave Parkville, MD	3.0	1.5	1152	$1,895	$1.64	44d	1	0.85mi
6518 Loch Hill Ct Loch Hill, MD	3.0	1.5	1580	$2,050	$1.30	25d	1	0.86mi
1408 Cedarcroft Rd Baltimore, MD	3.0	2.0	912	$1,957	$2.15	44d	1	0.86mi
1610 Wentworth Ave Parkville, MD	3.0	1.0	1024	$1,900	$1.86	44d	1	0.86mi
6405 Loch Crest Rd Idlewylde, MD	3.0	2.5	1440	$2,257	$1.57	44d	1	0.90mi
1804 Winford Rd Baltimore, MD	3.0	1.5	1600	$2,100	$1.31	25d	1	0.97mi
1127 Deanwood Rd Parkville, MD	3.0	2.0	1730	$2,350	$1.36	44d	1	0.98mi
34 Dowling Cir Parkville, MD	1.0–2.0	1.0	874	$1,465	$1.68	2d	36	0.99mi
2900 Ailsa Ave Apt 2 Baltimore, MD	3.0	1.0	1300	$1,750	$1.35	5d	1	1.14mi
1332 Deanwood Rd Parkville, MD	3.0	2.0	1046	$2,500	$2.39	45d	1	1.16mi
2807 Shirey Ave Baltimore, MD	4.0	3.0	1190	$2,500	$2.10	16d	1	1.16mi
1376 Halstead Rd Parkville, MD	3.0	1.0	1440	$2,400	$1.67	25d	1	1.18mi
3010 Woodring Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,600	$1.78	44d	1	1.19mi
2911 Shirey Ave Baltimore, MD	4.0	2.0	1680	$2,500	$1.49	21d	1	1.20mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	44d	1	1.23mi
7605 Hillendale Rd Parkville, MD	2.0	1.0	1050	$1,255	$1.20	44d	1	1.24mi
1116 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	876	$1,750	$2.00	44d	1	1.25mi
1111 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	1452	$1,050	$0.72	44d	1	1.27mi
1106 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	1100	$1,450	$1.32	44d	1	1.28mi
1329 Taylor Ave Parkville, MD	2.0	1.0	1636	$1,599	$0.98	44d	1	1.29mi
6149 Dunroming Rd Baltimore, MD	3.0	1.5	1400	$1,895	$1.35	12d	1	1.32mi

Listing history 19 events

1. 2026-04-20
   status Pending
2. 2026-04-16
   listed $140,000 Active
3. 2026-04-15
   price $140,000
4. 2026-04-14
   historical $130,000
5. 2017-02-24
   soldstatus $145,000
6. 2017-02-09
   soldstatus $145,000 Sold 423-char remark

   Show marketing remark (423 chars)

   Beautiful Brick Home across from Herring Run Park with the upgrades all done for you. New hot water heater, fridge, stove, dishwasher, & microwave. This home features 3 bedrooms & full bath on upper level. Spacious main level w/ living room & separate dining room. Finished basement with half bath & storage. Has Alarm. Located on 1-way street in quiet neighborhood. Easy access to Perring Pkwy/695

7. 2017-02-09
   soldstatus $145,000 423-char remark

   Show marketing remark (423 chars)

   Beautiful Brick Home across from Herring Run Park with the upgrades all done for you. New hot water heater, fridge, stove, dishwasher, & microwave. This home features 3 bedrooms & full bath on upper level. Spacious main level w/ living room & separate dining room. Finished basement with half bath & storage. Has Alarm. Located on 1-way street in quiet neighborhood. Easy access to Perring Pkwy/695

8. 2017-01-21
   status Contract 423-char remark

   Show marketing remark (423 chars)

   Beautiful Brick Home across from Herring Run Park with the upgrades all done for you. New hot water heater, fridge, stove, dishwasher, & microwave. This home features 3 bedrooms & full bath on upper level. Spacious main level w/ living room & separate dining room. Finished basement with half bath & storage. Has Alarm. Located on 1-way street in quiet neighborhood. Easy access to Perring Pkwy/695

9. 2017-01-13
   listed $149,500 Active 423-char remark

   Show marketing remark (423 chars)

   Beautiful Brick Home across from Herring Run Park with the upgrades all done for you. New hot water heater, fridge, stove, dishwasher, & microwave. This home features 3 bedrooms & full bath on upper level. Spacious main level w/ living room & separate dining room. Finished basement with half bath & storage. Has Alarm. Located on 1-way street in quiet neighborhood. Easy access to Perring Pkwy/695

10. 2016-08-11
    soldstatus $71,500
11. 2016-07-21
    soldstatus $71,500
12. 2016-07-21
    soldstatus $71,500 Sold
13. 2016-06-20
    status Contract
14. 2016-06-03
    price $79,900
15. 2016-04-29
    price $83,500
16. 2016-01-11
    price $99,900
17. 2015-11-06
    listed $109,000 Active
18. 2015-11-05
    listed $79,900
19. 1987-02-05
    soldstatus $54,000

ⓘ 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: $3,125 · $260/mo
• Projected year-2 tax: $3,125 · $260/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 · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,245
• − Mortgage interest: −$7,842
• − Property taxes: −$3,125
• − Insurance: −$700
• − Repairs & maintenance: −$1,860
• − Management: −$1,860
• − Depreciation: −$4,073
• Taxable income: $3,786
• Est. tax owed @ 24.0%: −$909
• After-tax cash flow: $4,820/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): 21,092
• Household income: $86,366
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 432.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 58% White 33% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Italian 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -211.52%
• Current HPI: 310.5637
• Rent YoY: —
• 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

+159.3% since first listed

19 events — show timeline

• 2026-04-20 Pending — BRIGHT MLS
• 2026-04-16 Listed $140,000 BRIGHT MLS
• 2026-04-15 Price Changed $140,000 BRIGHT MLS
• 2026-04-14 Coming Soon $130,000 BRIGHT MLS
• 2017-02-24 Sold (Public Records) $145,000 Public Records
• 2017-02-09 Sold (MLS) $145,000 BRIGHT MLS
• 2017-02-09 Sold (MLS) $145,000 MRIS
• 2017-01-21 Pending — MRIS
• 2017-01-13 Listed $149,500 MRIS
• 2016-08-11 Sold (Public Records) $71,500 Public Records
• 2016-07-21 Sold (MLS) $71,500 MRIS
• 2016-07-21 Sold (MLS) $71,500 BRIGHT MLS
• 2016-06-20 Pending — MRIS
• 2016-06-03 Price Changed $79,900 MRIS
• 2016-04-29 Price Changed $83,500 MRIS
• 2016-01-11 Price Changed $99,900 MRIS
• 2015-11-06 Listed $109,000 MRIS
• 2015-11-05 Listed $79,900 BRIGHT MLS
• 1987-02-05 Sold (Public Records) $54,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $3,125 · +2.7% YoY. Source: county tax records.