3635 Lyndale Ave · Baltimore, MD 21213

$199,000

3 bd · 1.0 ba · 840 sqft · Townhouse public records · 50 Days on market

Built 1950 1,400 sqft lot $237/sqft · 85% above area Est $159k · 25% 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 +14.9/30.0
• Appreciation +4.7/10.0
• DSCR +4.6/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Welcome to this beautifully renovated interior rowhome offering the perfect blend of modern updates and functional living space. This 3-bedroom, 2-bath home has been thoughtfully updated throughout with a clean, tasteful design that feels both stylish and inviting. The main level features a stunning new kitchen complete with stainless steel appliances, sleek stone countertops, and recessed lighting that highlights the open, bright layout. The finishes have been carefully selected to create a contemporary look while still feeling warm and livable. Upstairs, you’ll find 2 comfortable bedrooms and a fully updated bath. The finished basement adds a full bedroom and valuable additional living space, complete with a second full bathroom, ideal for a guest suite, home office, or flexible living area. It also features a new washer and dryer, a dedicated storage area, and a walk-out for added convenience. Step outside to the rear walk-out deck, ideal for relaxing or entertaining, along with the added convenience of a rear parking spot. This home checks all the boxes with modern upgrades, thoughtful design, and practical features.

Key facts

• Parking
• Built 1950
• Listed 50 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $199k.

Deal economics

• At list price, monthly cash flow is $59 ($707/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 $167k (16.2% below list).
• Recommended offer: $167k (16.2% below list) — sets the bar for 1% rule.

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; 31 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 39% 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 $246 of equity ($1k loan paydown + $-1k 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 $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y 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 $105k; list at $199k implies a 90% 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 $166,737 (16.2% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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?
5. 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?
6. 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?
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: 0.84% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.27%
• DSCR: 1.06
• GRM: 9.9

CMA / ARV

• ARV (median comp): $159,084
• List price: $199,000
• Delta: 25.09%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3332 Brendan Ave	0.31mi	3/1.5	870 (+4%)	1mo	$128,000	$147	77
3427 Ravenwood Ave	0.41mi	3/1.0	896 (+7%)	0mo	$120,900	$135	70
3424 Elmley Ave	0.41mi	3/1.0	896 (+7%)	6mo	$88,000	$98	65
3307 Elmora Ave	0.50mi	3/1.0	896 (+7%)	3mo	$155,000	$173	63
3410 Elmora Ave	0.42mi	3/2.0	896 (+7%)	4mo	$93,500	$104	62
3338 Elmora Ave	0.45mi	2/1.0 (-1)	896 (+7%)	2mo	$149,500	$167	61
3224 Elmora Ave	0.54mi	3/1.0	896 (+7%)	5mo	$82,000	$92	59
3315 Lyndale Ave	0.49mi	2/1.5 (-1)	896 (+7%)	1mo	$145,000	$162	58
3205 Ravenwood Ave	0.58mi	3/1.0	896 (+7%)	6mo	$58,500	$65	57
3215 Elmora Ave	0.56mi	4/1.5 (+1)	896 (+7%)	5mo	$115,000	$128	52
3335 Lyndale Ave	0.46mi	4/3.0 (+1)	896 (+7%)	5mo	$125,000	$140	50
3300 Elmley Ave	0.51mi	4/2.0 (+1)	952 (+13%)	5mo	$161,000	$169	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: -1.4%
• Equity multiple: 0.94×
• Total profit: $-3,509
• Equity at exit: $52,196

10-year hold

• IRR: 6.4%
• Equity multiple: 1.69×
• Total profit: $38,493
• Equity at exit: $58,440

Cash invested: $55,720 (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: 9.9×

Monthly cashflow live

• Estimated rent: $1,667 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$132 /mo · $1,582/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $59

Break-even live

Break-even rent $1,593

Max offer price $199,000

Occupancy floor 91%

Sensitivity live

Price	-10% $172	-5% $115	+0% $59	+5% $3	+10% $-54
Rent	-10% $-73	-5% $-7	+0% $59	+5% $125	+10% $191
Rate	-1.0pp $159	-0.5pp $110	base $59	+0.5pp $7	+1.0pp $-45

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.03mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.14mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	24d	1	0.43mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.43mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.44mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.46mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.47mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.47mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.52mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.53mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.53mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	0.55mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	44d	1	0.58mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	3d	1	0.75mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.79mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.79mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.90mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	44d	3	0.94mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	1.01mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	1.01mi
5305 Moravia Rd Baltimore, MD	3.0	1.0	679	$1,993	$2.93	3d	1	1.09mi
4901 Gunther Ave Baltimore, MD	1.0–3.0	1.0–2.0	742	$1,463	$1.97	3d	1	1.12mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	1.24mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	1.26mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	1.27mi
6004 Amberwood Rd Baltimore, MD	2.0	1.0	751	$1,220	$1.62	20d	1	1.32mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	44d	1	1.39mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	1.42mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	24d	1	1.45mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	1.46mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	1.48mi

Listing history 36 events

1. 2026-06-18
   days on market $199,000 Active 50 DOM
2. 2026-06-17
   days on market $199,000 Active 49 DOM
3. 2026-06-16
   days on market $199,000 Active 48 DOM
4. 2026-06-15
   days on market $199,000 Active 47 DOM
5. 2026-06-13
   days on market $199,000 Active 45 DOM
6. 2026-06-09
   days on market $199,000 Active 41 DOM
7. 2026-06-08
   days on market $199,000 Active 40 DOM
8. 2026-06-07
   days on market $199,000 Active 39 DOM
9. 2026-06-04
   days on market $199,000 Active 36 DOM
10. 2026-06-03
    days on market $199,000 Active 35 DOM
11. 2026-06-02
    days on market $199,000 Active 34 DOM
12. 2026-06-01
    days on market $199,000 Active 33 DOM
13. 2026-05-31
    days on market $199,000 Active 32 DOM
14. 2026-04-30
    listed $209,000 Active 1144-char remark

    Show marketing remark (1144 chars)

    Welcome to this beautifully renovated interior rowhome offering the perfect blend of modern updates and functional living space. This 3-bedroom, 2-bath home has been thoughtfully updated throughout with a clean, tasteful design that feels both stylish and inviting. The main level features a stunning new kitchen complete with stainless steel appliances, sleek stone countertops, and recessed lighting that highlights the open, bright layout. The finishes have been carefully selected to create a contemporary look while still feeling warm and livable. Upstairs, you’ll find 2 comfortable bedrooms and a fully updated bath. The finished basement adds a full bedroom and valuable additional living space, complete with a second full bathroom, ideal for a guest suite, home office, or flexible living area. It also features a new washer and dryer, a dedicated storage area, and a walk-out for added convenience. Step outside to the rear walk-out deck, ideal for relaxing or entertaining, along with the added convenience of a rear parking spot. This home checks all the boxes with modern upgrades, thoughtful design, and practical features.

15. 2026-04-27
    historical $209,000 1144-char remark

    Show marketing remark (1144 chars)

    Welcome to this beautifully renovated interior rowhome offering the perfect blend of modern updates and functional living space. This 3-bedroom, 2-bath home has been thoughtfully updated throughout with a clean, tasteful design that feels both stylish and inviting. The main level features a stunning new kitchen complete with stainless steel appliances, sleek stone countertops, and recessed lighting that highlights the open, bright layout. The finishes have been carefully selected to create a contemporary look while still feeling warm and livable. Upstairs, you’ll find 2 comfortable bedrooms and a fully updated bath. The finished basement adds a full bedroom and valuable additional living space, complete with a second full bathroom, ideal for a guest suite, home office, or flexible living area. It also features a new washer and dryer, a dedicated storage area, and a walk-out for added convenience. Step outside to the rear walk-out deck, ideal for relaxing or entertaining, along with the added convenience of a rear parking spot. This home checks all the boxes with modern upgrades, thoughtful design, and practical features.

16. 2025-10-23
    soldstatus $105,000
17. 2025-08-20
    soldstatus $105,000 Closed
18. 2025-07-23
    historical Active Under Contract
19. 2025-07-09
    price $113,000
20. 2025-06-19
    status Active
21. 2025-06-18
    historical
22. 2025-06-16
    historical $114,000
23. 2013-09-10
    soldstatus $52,000
24. 2013-08-27
    historical
25. 2013-08-23
    soldstatus $52,000 Sold
26. 2013-08-23
    soldstatus $52,000
27. 2013-06-03
    status Contingent (No Kick Out)
28. 2013-06-02
    historical
29. 2013-04-28
    listed $58,800 Active
30. 2013-04-28
    listed $58,800
31. 2013-03-28
    historical
32. 2013-03-28
    historical
33. 2013-01-05
    price
34. 2012-11-06
    price
35. 2012-10-01
    listed Active
36. 2012-10-01
    listed $80,000

ⓘ 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: $1,582 · $132/mo
• Projected year-2 tax: $1,875 · $156/mo
• Expected delta: +$294/yr (+$24/mo · 18.6%)

ⓘ 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: $20,008
• − Mortgage interest: −$11,147
• − Property taxes: −$1,582
• − Insurance: −$995
• − Repairs & maintenance: −$1,601
• − Management: −$1,601
• − Depreciation: −$5,789
• Taxable loss: −$2,706
• Est. tax savings @ 24.0%: +$649
• After-tax cash flow: $1,356/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

+161.2% since first listed

23 events — show timeline

• 2026-04-30 Listed $209,000 BRIGHT MLS
• 2026-04-27 Coming Soon $209,000 BRIGHT MLS
• 2025-10-23 Sold (Public Records) $105,000 Public Records
• 2025-08-20 Sold (MLS) $105,000 BRIGHT MLS
• 2025-07-23 Contingent — BRIGHT MLS
• 2025-07-09 Price Changed $113,000 BRIGHT MLS
• 2025-06-19 Relisted — BRIGHT MLS
• 2025-06-18 Listing Removed — BRIGHT MLS
• 2025-06-16 Coming Soon $114,000 BRIGHT MLS
• 2013-09-10 Sold (Public Records) $52,000 Public Records
• 2013-08-27 Delisted — MRIS
• 2013-08-23 Sold (MLS) $52,000 BRIGHT MLS
• 2013-08-23 Sold (MLS) $52,000 MRIS
• 2013-06-03 Pending — MRIS
• 2013-06-02 Listing Removed — BRIGHT MLS
• 2013-04-28 Listed $58,800 MRIS
• 2013-04-28 Listed $58,800 BRIGHT MLS
• 2013-03-28 Delisted — MRIS
• 2013-03-28 Listing Removed — BRIGHT MLS
• 2013-01-05 Price Changed — MRIS
• 2012-11-06 Price Changed — MRIS
• 2012-10-01 Listed — MRIS
• 2012-10-01 Listed $80,000 BRIGHT MLS

Property tax history

-2.2%/yr

Latest (2025): $1,582 · +2.3% YoY. Source: county tax records.