3802 Lyndale Ave · Baltimore, MD 21213

$160,000

2 bd · 2.0 ba · 1,050 sqft · Townhouse public records · 12 Days on market

Built 1950 1,400 sqft lot Est $147k · 9% over

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Why this score? — see what drove the D+ 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 +19.1/30.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• ARV discount +3.5/15.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

ONLINE AUCTION: Bidding begins 11/17/2022 @ 10:00 AM. Bidding ends 11/21/2022 @ 11:20 AM. List Price is Suggested Opening Bid. 2 Story Townhouse located in the Belair-Edison area. MINUTES to Erdman Shopping Center, Clifton Park, Clifton Park Golf Course, Herring Run Park, & Parkside Shopping Center. Easy Access to Major Traffic Artery Belair Road. Property is Rented. Deposit: $10,000

Key facts

• Built 1950
• Listed 12 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric available; Natural gas available
• Home design: Interior townhouse / rowhouse; Fee simple ownership
• Construction: Brick construction; Other type of foundation; Above-grade and below-grade structures; Built year reported by assessor
• Exterior features: Not in a federal flood zone; No tidal water

Interior

• Kitchen: Dishwasher; Gas oven/range; Range hood; Refrigerator; Stainless steel appliances; Exhaust fan
• Bedrooms: 2 bedrooms on the first upper level
• Bathrooms: 1 full bathroom (all upper levels); 1 half bathroom (lower level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas water heater
• Interior features: Fully finished basement; Assessor-reported living area
• Laundry & utility: Washer in unit; Dryer in unit

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $171 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 7.6% vs local median 6.0% in Baltimore — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 38% 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 $197 of equity ($1k loan paydown + $-909 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 $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 16y ago; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $104k; list at $160k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $160,000

Questions for the listing agent

1. Built in 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.01% ✓
• Cap rate: 7.57%
• Cash-on-cash: 4.57%
• DSCR: 1.20
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $147,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3802 Lyndale Ave	0.00mi	2/1.5	1,050 (0%)	1mo	$160,000	$152	97
3805 Elmora Ave	0.08mi	3/2.0 (+1)	1,096 (+4%)	1mo	$11,700	$11	83
3838 Lyndale Ave	0.05mi	2/2.0	1,190 (+13%)	2mo	$113,500	$95	74
3131 Chesterfield Ave	0.43mi	2/1.0	1,068 (+2%)	1mo	$75,000	$70	72
4000 Balfern Ave	0.32mi	3/1.5 (+1)	1,120 (+7%)	1mo	$157,000	$140	66
4102 Dudley Ave	0.31mi	3/1.5 (+1)	1,120 (+7%)	2mo	$165,000	$147	66
4117 Eastmont Ave	0.22mi	3/2.0 (+1)	1,176 (+12%)	1mo	$224,900	$191	64
3532 Cliftmont Ave	0.17mi	3/2.0 (+1)	1,200 (+14%)	2mo	$168,000	$140	62
3238 Ravenwood Ave	0.65mi	3/1.5 (+1)	1,158 (+10%)	0mo	$70,000	$60	45
3315 Lyndale Ave	0.61mi	2/1.5	896 (-15%)	1mo	$145,000	$162	44
4603 Chatford Ave	0.63mi	3/1.5 (+1)	1,170 (+11%)	1mo	$205,000	$175	44
3427 Ravenwood Ave	0.53mi	3/1.0 (+1)	896 (-15%)	0mo	$120,900	$135	41

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: 2.8%
• Equity multiple: 1.13×
• Total profit: $5,744
• Equity at exit: $41,966

10-year hold

• IRR: 10.5%
• Equity multiple: 2.15×
• Total profit: $51,571
• Equity at exit: $46,987

Cash invested: $44,800 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,621 high
• Mortgage (P&I): −$839
• Tax from tax record: −$204 /mo · $2,452/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $171

Break-even live

Break-even rent $1,405

Max offer price $160,000

Occupancy floor 84%

Sensitivity live

Price	-10% $261	-5% $216	+0% $171	+5% $125	+10% $80
Rent	-10% $43	-5% $107	+0% $171	+5% $235	+10% $299
Rate	-1.0pp $251	-0.5pp $211	base $171	+0.5pp $129	+1.0pp $87

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	45d	1	0.13mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	21d	1	0.20mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	45d	1	0.21mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	25d	1	0.22mi
3902 Erdman Ave Unit 2 Baltimore, MD	1.0	1.0	700	$1,175	$1.68	16d	1	0.22mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	19d	1	0.23mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	25d	1	0.31mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	25d	1	0.37mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	21d	1	0.38mi
4116 Raymonn Ave Baltimore, MD	3.0	1.5	1244	$1,950	$1.57	45d	1	0.41mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	45d	1	0.42mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	45d	1	0.42mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,420	$1.39	45d	1	0.43mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	45d	1	0.55mi
3410 Belair Rd Unit 2/B Baltimore, MD	1.0	1.0	742	$1,225	$1.65	5d	1	0.57mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	45d	1	0.59mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	25d	1	0.60mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	19d	1	0.60mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	25d	1	0.61mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	45d	1	0.62mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	25d	1	0.62mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	19d	1	0.63mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	5d	1	0.64mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	45d	1	0.65mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	14d	1	0.68mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	25d	1	0.68mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	25d	1	0.68mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	25d	1	0.69mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	45d	1	0.70mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	45d	1	0.70mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	25d	1	0.71mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	4d	1	0.75mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	45d	1	0.78mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	5d	1	0.82mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	45d	3	0.86mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	14d	1	0.87mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	23d	1	0.87mi
1401 N Potomac St Unit 1 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	19d	1	0.88mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	45d	1	0.91mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1152	$1,700	$1.48	23d	1	0.93mi

Listing history 28 events

1. 2026-05-20
   status Pending
2. 2026-04-14
   price $160,000
3. 2026-04-14
   historical Active Under Contract
4. 2026-04-03
   listed $150,000 Active
5. 2026-03-27
   historical $150,000
6. 2026-01-09
   historical
7. 2025-11-21
   historical $1,725
8. 2025-10-11
   listed $175,000 Active
9. 2025-09-16
   price $1,725
10. 2025-08-02
    listed $1,850
11. 2023-02-08
    soldstatus $104,500
12. 2023-01-19
    soldstatus $104,500 Closed 391-char remark

    Show marketing remark (391 chars)

    ONLINE AUCTION: Bidding begins 11/17/2022 @ 10:00 AM. Bidding ends 11/21/2022 @ 11:20 AM. List Price is Suggested Opening Bid. 2 Story Townhouse located in the Belair-Edison area. MINUTES to Erdman Shopping Center, Clifton Park, Clifton Park Golf Course, Herring Run Park, & Parkside Shopping Center. Easy Access to Major Traffic Artery Belair Road. Property is Rented. Deposit: $10,000

13. 2022-11-22
    status Pending 391-char remark

    Show marketing remark (391 chars)

    ONLINE AUCTION: Bidding begins 11/17/2022 @ 10:00 AM. Bidding ends 11/21/2022 @ 11:20 AM. List Price is Suggested Opening Bid. 2 Story Townhouse located in the Belair-Edison area. MINUTES to Erdman Shopping Center, Clifton Park, Clifton Park Golf Course, Herring Run Park, & Parkside Shopping Center. Easy Access to Major Traffic Artery Belair Road. Property is Rented. Deposit: $10,000

14. 2022-11-07
    listed $50,000 Active 391-char remark

    Show marketing remark (391 chars)

    ONLINE AUCTION: Bidding begins 11/17/2022 @ 10:00 AM. Bidding ends 11/21/2022 @ 11:20 AM. List Price is Suggested Opening Bid. 2 Story Townhouse located in the Belair-Edison area. MINUTES to Erdman Shopping Center, Clifton Park, Clifton Park Golf Course, Herring Run Park, & Parkside Shopping Center. Easy Access to Major Traffic Artery Belair Road. Property is Rented. Deposit: $10,000

15. 2019-03-29
    soldstatus $77,000
16. 2019-03-26
    soldstatus $77,000 Closed
17. 2019-03-20
    status Pending
18. 2019-02-27
    historical Active Under Contract
19. 2019-02-26
    listed $80,000 Active
20. 2010-11-30
    soldstatus $33,000 Sold
21. 2010-11-30
    soldstatus $33,000
22. 2010-11-05
    status Contract
23. 2010-11-05
    historical
24. 2010-10-20
    price $39,999
25. 2010-09-22
    price $44,999
26. 2010-09-11
    listed $47,999 Active
27. 2010-09-11
    listed $39,999
28. 1982-02-09
    soldstatus $30,000

ⓘ 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: $2,452 · $204/mo
• Projected year-2 tax: $2,452 · $204/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 8/10 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: $19,454
• − Mortgage interest: −$8,962
• − Property taxes: −$2,452
• − Insurance: −$800
• − Repairs & maintenance: −$1,556
• − Management: −$1,556
• − Depreciation: −$4,655
• Taxable loss: −$528
• Est. tax savings @ 24.0%: +$127
• After-tax cash flow: $2,174/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

+433.3% since first listed

28 events — show timeline

• 2026-05-20 Pending — BRIGHT MLS
• 2026-04-14 Price Changed $160,000 BRIGHT MLS
• 2026-04-14 Contingent — BRIGHT MLS
• 2026-04-03 Listed $150,000 BRIGHT MLS
• 2026-03-27 Coming Soon $150,000 BRIGHT MLS
• 2026-01-09 Listing Removed — BRIGHT MLS
• 2025-11-21 Rental Removed $1,725 Hemlane
• 2025-10-11 Listed $175,000 BRIGHT MLS
• 2025-09-16 Price Changed $1,725 Hemlane
• 2025-08-02 Listed for Rent $1,850 Hemlane
• 2023-02-08 Sold (Public Records) $104,500 Public Records
• 2023-01-19 Sold (MLS) $104,500 BRIGHT MLS
• 2022-11-22 Pending — BRIGHT MLS
• 2022-11-07 Listed $50,000 BRIGHT MLS
• 2019-03-29 Sold (Public Records) $77,000 Public Records
• 2019-03-26 Sold (MLS) $77,000 BRIGHT MLS
• 2019-03-20 Pending — BRIGHT MLS
• 2019-02-27 Contingent — BRIGHT MLS
• 2019-02-26 Listed $80,000 BRIGHT MLS
• 2010-11-30 Sold (MLS) $33,000 BRIGHT MLS
• 2010-11-30 Sold (MLS) $33,000 MRIS
• 2010-11-05 Pending — MRIS
• 2010-11-05 Listing Removed — BRIGHT MLS
• 2010-10-20 Price Changed $39,999 MRIS
• 2010-09-22 Price Changed $44,999 MRIS
• 2010-09-11 Listed $47,999 MRIS
• 2010-09-11 Listed $39,999 BRIGHT MLS
• 1982-02-09 Sold (Public Records) $30,000 Public Records

Property tax history

+0.1%/yr

Latest (2025): $2,452 · -5.5% YoY. Source: county tax records.