2920 New York Ave · Baltimore Highlands, MD 21227

$229,900

3 bd · 1.0 ba · 1,581 sqft · SingleFamily public records · 32 Days on market

Built 1949 6,250 sqft lot Est $365k · 37% under

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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 +15.3/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Does the spring weather have you in a New York State of Mind? You don’t have to hop a flight to Miami Beach or Hollywood but rather just take a quick drive down to the south side of Baltimore and take yourself a look at this new opportunity of a detached home for a townhouse price. We have a driveway, great curb appeal, a deck and three finished floors in a totally convenient neighborhood. Priced for some updating inside, but this one really isn’t in bad shape at all. You can have it shining like a Big Apple with very little effort! No movie stars or fancy cars, and right down the end of the street, you can hop the light rail on the Patapsco River Line, In a New York State of Mi

Key facts

• Deck
• Light rail access
• 6,250 sq ft lot

Tags

• DECK
• THREE FINISHED FLOORS
• LIGHT RAIL ACCESS

Property features AI

Finance

• Other: Property owned fee simple; Assessor used as source for square-foot and year-built information; Basement: full, partially finished with interior access, daylight/partial, poured concrete, sump pump and space for rooms

Exterior

• Parking: Three total garage/parking spaces; Driveway with three spaces; Asphalt/paved private surface parking; On-street, off-street and driveway parking available
• Security: Secure storage
• Utilities: Public water and public sewer; Natural gas available and used for heating and hot water; Above-ground and underground utilities
• Home design: Detached structure; Suburban location; Access on grade; paved/blacktop roads; Entry faces suburban streets (direction not specified)
• Construction: Built using mixed construction: frame, masonry, block and vinyl siding elements; Asphalt shingle roof; Perimeter concrete and block foundation; slab areas; Various plumbing materials including copper and CPVC/PVC; Windows are double-hung, double-pane, insulated and vinyl-clad with screens; Building winterized
• Exterior features: Front, rear and side yards; Decks and porches; Exterior lighting; Play area; Secure storage; Sidewalks and street lights

Interior

• Kitchen: Country-style kitchen with eat-in/table space; Single oven and gas oven/range; Stove and microwave
• Bedrooms: Two main-level bedrooms; One bedroom on the upper level
• Flooring: Wood floors; Carpet; Ceramic tile; Concrete floors in some areas
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Central heating; Forced air (90% efficiency indicated); Natural gas heating and hot water; Electric cooling; Circuit breakers
• Interior features: Open and traditional floor plan elements; Combination kitchen/dining area and separate dining area; Flat ceilings; Wine storage; Tub with shower; Wood floors and carpeted areas; Drywall, plaster, paneled, block and masonry walls; Insulated and six-panel interior doors
• Laundry & utility: Laundry in the basement; Water heater included; Utility/Workshop space in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $84 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $206k (10.5% below list).
• Recommended offer: $206k (10.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#54 in MD, #1,984 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: crime D-.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Baltimore Highlands Elementary (math 2% / reading 12%, grade F, #699 of 860 statewide, top 84%, 523 students, 69% FRL); Lansdowne Middle (math 2% / reading 18%, grade F, #209 of 225 statewide, top 93%, 869 students, 62% FRL); Lansdowne High (math 3% / reading 25%, grade F, #190 of 222 statewide, top 86%, 1,410 students, 60% FRL) — zoned schools average 64% FRL vs 39% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 24% district-wide (-14 pts) — the specific schools serving this property underperform the Baltimore County Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.2%/yr); 100 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $68k; list at $230k implies a 236% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — 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 $205,755 (10.5% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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. Crime grade is D 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: 0.89% ✗
• Cap rate: 6.73%
• Cash-on-cash: 1.57%
• DSCR: 1.07
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $365,211
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2912 Illinois Ave	0.18mi	3/1.0	1,420 (-10%)	19mo	$305,000	$215	59
2855 Tennessee Ave	0.57mi	3/2.0	1,402 (-11%)	2mo	$332,500	$237	49
2813 Michigan Ave	0.46mi	4/3.0 (+1)	1,607 (+2%)	19mo	$372,000	$231	47

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 · 1.17% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.45×
• Total profit: $-35,596
• Equity at exit: $34,279

10-year hold

• IRR: -10.8%
• Equity multiple: 0.40×
• Total profit: $-38,783
• Equity at exit: $19,878

Cash invested: $64,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21227

• Rents YoY: 1.2%
• Active inventory: 100
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,058 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$240 /mo · $2,876/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $84

Break-even live

Break-even rent $1,951

Max offer price $229,900

Occupancy floor 91%

Sensitivity live

Price	-10% $215	-5% $149	+0% $84	+5% $19	+10% $-46
Rent	-10% $-78	-5% $3	+0% $84	+5% $166	+10% $247
Rate	-1.0pp $200	-0.5pp $143	base $84	+0.5pp $25	+1.0pp $-36

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
732 Old Riverside Rd Brooklyn, MD	3.0	2.5	1570	$1,900	$1.21	45d	1	0.92mi
303 Arden Rd W Brooklyn, MD	3.0	2.0	1388	$2,500	$1.80	19d	1	1.07mi
3167 Ryerson Cir Halethorpe, MD	3.0	1.5	1116	$1,995	$1.79	6d	1	1.11mi
202 W Edgevale Rd Unit A Baltimore, MD	3.0	1.0	1824	$1,650	$0.90	6d	1	1.20mi
3269 Ryerson Cir Halethorpe, MD	3.0	2.0	1303	$1,700	$1.30	12d	1	1.21mi
119 W Edgevale Rd Brooklyn, MD	4.0	2.5	1906	$2,800	$1.47	23d	1	1.24mi
4369 Hollins Ferry Rd Halethorpe, MD	3.0	1.0	1152	$1,900	$1.65	45d	1	1.31mi
49 Talbott St Brooklyn, MD	2.0	1.0	1300	$1,300	$1.00	25d	1	1.37mi

Listing history 16 events

1. 2026-06-21
   days on market $229,900 Active 32 DOM
2. 2026-06-18
   days on market $229,900 Active 29 DOM
3. 2026-06-17
   days on market $229,900 Active 28 DOM
4. 2026-06-16
   days on market $229,900 Active 27 DOM
5. 2026-06-15
   days on market $229,900 Active 26 DOM
6. 2026-06-13
   days on market $229,900 Active 24 DOM
7. 2026-06-09
   days on market $229,900 Active 20 DOM
8. 2026-06-08
   days on market $229,900 Active 19 DOM
9. 2026-06-07
   days on market $229,900 Active 18 DOM
10. 2026-06-04
    days on market $229,900 Active 15 DOM
11. 2026-06-03
    days on market $229,900 Active 14 DOM
12. 2026-06-02
    days on market $229,900 Active 13 DOM
13. 2026-06-01
    days on market $229,900 Active 12 DOM
14. 2026-05-31
    days on market $229,900 Active 11 DOM
15. 2026-05-20
    listed $229,900 Active
16. 1985-08-01
    soldstatus $68,500

ⓘ 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: $2,876 · $240/mo
• Projected year-2 tax: $2,876 · $240/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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,691
• − Mortgage interest: −$12,878
• − Property taxes: −$2,876
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − Depreciation: −$6,688
• Taxable loss: −$2,851
• Est. tax savings @ 24.0%: +$684
• After-tax cash flow: $1,697/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 County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Baltimore Highlands

• Score: 79/100
• State rank: #54
• US rank: #1984

Category grades

Amenities A+ Commute A+ Cost of living B- Crime D- Employment C+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore Highlands, MD
• County: Baltimore County · 769,527 people
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 34,907
• Household income: $85,986
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 930.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 61% Black 16% Hispanic / Latino 12% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 13% · Canada, Philippines, China
• Languages at home: 83% English-only · Spanish 10% Other Asian/Pacific 2% Other Indo-European 2%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -294.07%
• Current HPI: 281.9628
• Rent YoY: ▲ 1.17%
• 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

+235.6% since first listed

2 events — show timeline

• 2026-05-20 Listed $229,900 BRIGHT MLS
• 1985-08-01 Sold (Public Records) $68,500 Public Records

Property tax history

+2.4%/yr

Latest (2025): $2,876 · +4.4% YoY. Source: county tax records.