3159 Woodring Ave · Baltimore, MD 21234

$210,000

3 bd · 1.5 ba · 1,600 sqft · Townhouse public records · 6 Days on market

Built 1951 3,600 sqft lot Est $272k · 23% 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.0/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

Key facts

• 2 parking spots
• Built 1951
• Listed 6 days

Property features AI

Finance

• Other: Fee simple ownership; Not in a federal flood zone; Pets allowed with no pet restrictions

Exterior

• Parking: Off-street parking and driveway; Concrete driveway; 2 driveway spaces (total 2 garage/parking spaces)
• Utilities: Public water; Public sewer; Municipal trash service
• Home design: Semi-detached; Above-grade and below-grade finished areas
• Construction: Brick construction; Shingle roof; Concrete perimeter foundation; Basement: heated, partially finished, improved
• Exterior features: Rear yard; Porch(es)

Interior

• Kitchen: Dishwasher; Gas range / oven; Stove; Refrigerator
• Bedrooms: 3 bedrooms on the upper level
• Flooring: Hardwood
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Natural gas heating and hot water; Central air conditioning; Ceiling fan(s)
• Interior features: Breakfast area; Separate formal dining room; Window treatments; Traditional floor plan; Wood floors
• Laundry & utility: Washer; Dryer; Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $210k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/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 $209k (0.3% below list).
• Recommended offer: $209k (0.3% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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: Rents rising fast (+6.7%/yr); 232 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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).
• This rent runs 30% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 + 6.7% rent growth), your $59k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y 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 $118k; list at $210k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — 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 $209,400 (0.3% below list)

Questions for the listing agent

1. Built in 1951 — 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: 1.00% ✗
• Cap rate: 8.04%
• Cash-on-cash: 6.25%
• DSCR: 1.28
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $272,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3158 Woodring Ave	0.03mi	3/1.5	1,500 (-6%)	2mo	$239,900	$160	87
6508 Belle Vista Ave	0.35mi	3/1.5	1,620 (+1%)	4mo	$260,000	$160	78
3217 Woodring Ave	0.06mi	3/2.0	1,452 (-9%)	2mo	$265,000	$183	78
3219 Woodring Ave	0.07mi	3/2.0	1,452 (-9%)	3mo	$255,000	$176	77
6823 Fairdel Ave	0.45mi	3/1.5	1,600 (0%)	2mo	$270,000	$169	77
2717 Kildaire Dr	0.63mi	3/1.5	1,560 (-2%)	2mo	$264,900	$170	65
3320 Orlando Ave	0.33mi	3/2.0	1,425 (-11%)	2mo	$249,000	$175	63
2922 Harview	0.52mi	3/1.5	1,728 (+8%)	1mo	$190,000	$110	62
6814 Harford Rd	0.34mi	3/1.5	1,370 (-14%)	1mo	$150,000	$109	60
6910 Old Harford Rd	0.72mi	3/2.0	1,557 (-3%)	3mo	$208,000	$134	57
6226 Walther Ave	0.71mi	4/2.0 (+1)	1,541 (-4%)	1mo	$300,000	$195	53
6307 Fairdel Ave	0.63mi	3/2.0	1,378 (-14%)	3mo	$272,000	$197	43

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 · 6.68% rent growth · sell at horizon

5-year hold

• IRR: -2.8%
• Equity multiple: 0.89×
• Total profit: $-6,519
• Equity at exit: $31,312

10-year hold

• IRR: 10.4%
• Equity multiple: 1.93×
• Total profit: $54,896
• Equity at exit: $18,157

Cash invested: $58,800 (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 21234

• Rents YoY: 6.7%
• Active inventory: 232
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,094 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$159 /mo · $1,912/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $306

Break-even live

Break-even rent $1,706

Max offer price $210,000

Occupancy floor 80%

Sensitivity live

Price	-10% $425	-5% $366	+0% $306	+5% $247	+10% $187
Rent	-10% $141	-5% $223	+0% $306	+5% $389	+10% $472
Rate	-1.0pp $412	-0.5pp $360	base $306	+0.5pp $252	+1.0pp $196

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3158 Woodring Ave Parkville, MD	3.0	1.5	1500	$1,950	$1.30	25d	1	0.01mi
3412 Fleetwood Ave Baltimore, MD	3.0	2.5	1620	$2,195	$1.35	44d	1	0.30mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	44d	7	0.47mi
3108 Glendale Ave Parkville, MD	3.0	3.0	1224	$2,550	$2.08	25d	1	0.48mi
3026 Lavender Ave Parkville, MD	2.0	2.0	2000	$1,850	$0.93	25d	1	0.76mi
2518 Moore Ave Parkville, MD	4.0	1.5	1896	$2,700	$1.42	44d	1	0.83mi
2518 Linwood Rd Parkville, MD	3.0	1.5	1946	$2,200	$1.13	17d	1	0.85mi
35-C Mopec Cir Nottingham, MD	2.0	1.0	1100	$1,445	$1.31	3d	10	0.86mi
2804 Christopher Ave Baltimore, MD	3.0	2.5	1280	$2,200	$1.72	25d	1	0.87mi
6612 Birchwood Ave Baltimore, MD	3.0	2.0	1122	$2,300	$2.05	21d	1	0.89mi
2528 Wendover Rd Unit a Parkville, MD	2.0	2.0	1704	$1,950	$1.14	44d	1	1.08mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	44d	1	1.18mi
2805 Hamilton Ave Baltimore, MD	4.0	2.0	1416	$2,300	$1.62	44d	1	1.18mi
29 E Elm Ave Baltimore, MD	3.0	2.0	2052	$3,000	$1.46	6d	1	1.19mi
3510 Hamilton Ave Baltimore, MD	3.0	2.5	2100	$2,300	$1.10	25d	1	1.21mi
5 Belhaven Dr Nottingham, MD	4.0	1.5	1554	$2,000	$1.29	44d	1	1.22mi
8204 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	44d	1	1.25mi
8206 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	44d	1	1.26mi
8206 Old Harford Rd Unit 1 Parkville, MD	2.0	1.0	1146	$1,750	$1.53	44d	1	1.26mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	44d	1	1.27mi
2106 Cloville Ave Baltimore, MD	3.0	1.5	1080	$1,700	$1.57	44d	1	1.41mi
7202 Sindall Rd Unit 7202 Parkville, MD	3.0	1.0	1350	$1,850	$1.37	44d	1	1.45mi
3721 Frankford Ave Baltimore, MD	3.0	2.0	1600	$2,050	$1.28	44d	1	1.46mi
5632 Belair Rd Baltimore, MD	3.0	1.5	1260	$2,100	$1.67	25d	1	1.46mi
1629 Wentworth Ave Parkville, MD	3.0	1.5	1152	$1,895	$1.64	44d	1	1.47mi
3617 Double Rock Ln Parkville, MD	3.0	2.5	2000	$2,395	$1.20	6d	1	1.49mi

Listing history 15 events

1. 2026-05-20
   listed $210,000 Active
2. 2014-11-18
   soldstatus $118,000
3. 2014-11-07
   historical 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

4. 2014-11-05
   soldstatus $118,000 Sold 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

5. 2014-11-05
   soldstatus $118,000 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

6. 2014-09-11
   status Contract 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

7. 2014-09-11
   historical 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

8. 2014-07-22
   price $127,500 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

9. 2014-06-12
   listed $134,900 Active 253-char remark

   Show marketing remark (253 chars)

   REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

10. 2014-06-12
    listed $127,500 253-char remark

    Show marketing remark (253 chars)

    REDUCED!! Seller will contribute to buyers closing cost. Extremely well maintained home with all the conveniences of a semi-detached townhome. Hardwood floors, modern kitchen, spacious rooms, cedar closet, breakfast bar. .. the list goes on and on. .. .

11. 2003-04-25
    soldstatus $99,900
12. 2003-03-31
    soldstatus $99,900
13. 2003-01-30
    historical
14. 2003-01-16
    listed $99,900
15. 1992-05-05
    soldstatus $79,000

ⓘ 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: $1,912 · $159/mo
• Projected year-2 tax: $2,100 · $175/mo
• Expected delta: +$189/yr (+$16/mo · 9.9%)

ⓘ 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 ≥104°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 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,128
• − Mortgage interest: −$11,763
• − Property taxes: −$1,912
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,010
• − Management: −$2,010
• − Depreciation: −$6,109
• Taxable income: $274
• Est. tax owed @ 24.0%: −$66
• After-tax cash flow: $3,609/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 County · 769,527 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 66,334
• Household income: $83,517
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 2719.0

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 0.58)
• Race & ethnicity: White 58% Black 28% Asian 5% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 2% Tagalog/Filipino 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: ▼ -247.04%
• Current HPI: 254.3824
• Rent YoY: ▲ 6.68%
• 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

+165.8% since first listed

15 events — show timeline

• 2026-05-20 Listed $210,000 BRIGHT MLS
• 2014-11-18 Sold (Public Records) $118,000 Public Records
• 2014-11-07 Delisted — MRIS
• 2014-11-05 Sold (MLS) $118,000 BRIGHT MLS
• 2014-11-05 Sold (MLS) $118,000 MRIS
• 2014-09-11 Pending — MRIS
• 2014-09-11 Listing Removed — BRIGHT MLS
• 2014-07-22 Price Changed $127,500 MRIS
• 2014-06-12 Listed $134,900 MRIS
• 2014-06-12 Listed $127,500 BRIGHT MLS
• 2003-04-25 Sold (Public Records) $99,900 Public Records
• 2003-03-31 Sold (MLS) $99,900 MRIS
• 2003-01-30 Delisted — MRIS
• 2003-01-16 Listed $99,900 MRIS
• 1992-05-05 Sold (Public Records) $79,000 Public Records

Property tax history

-4.2%/yr

Latest (2025): $1,912 · +2.1% YoY. Source: county tax records.