4515 Shamrock Ave · Baltimore, MD 21206

$149,900

4 bd · 1.5 ba · 1,280 sqft · Townhouse public records · 2 Days on market

Built 1955 Est $179k · 16% 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 +30.0/30.0
• ARV discount +14.9/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This property is part of a larger portfolio. Please contact for more details regarding associated listings. Closings will need to be coordinated with the other properties in the portfolio but may sell to individual buyers. Seller will only accept offers from serious buyers who can align with that timeline.

Key facts

• Built 1955

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Built-up roof; Slab foundation; Year built per assessor
• Exterior features: No tidal water on the lot; Above-grade and below-grade structures noted

Interior

• Bedrooms: Three bedrooms on the first upper level; One bedroom on the main level
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning with ceiling fans; Hot water heated by natural gas
• Interior features: Living area measured per assessor

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $559 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 10.8% 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 (+4.4%/yr); 173 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 39% of the median local income ($65k/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 $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 + 4.4% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 21y 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 flood risk; 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 $149,900

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: 1.39% ✓
• Cap rate: 10.77%
• Cash-on-cash: 15.98%
• DSCR: 1.71
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $179,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4235 Seidel Ave	0.34mi	3/1.5 (-1)	1,280 (0%)	2mo	$91,000	$71	78
4735 Homesdale Ave	0.35mi	3/1.5 (-1)	1,280 (0%)	2mo	$120,000	$94	78
4603 Chatford Ave	0.12mi	3/1.5 (-1)	1,170 (-9%)	1mo	$205,000	$175	74
3406 Ramona Ave	0.19mi	3/2.0 (-1)	1,408 (+10%)	0mo	$85,000	$60	67
3571 Dudley Ave	0.30mi	3/2.0 (-1)	1,400 (+9%)	1mo	$175,000	$125	63
3532 Cliftmont Ave	0.40mi	3/2.0 (-1)	1,200 (-6%)	2mo	$168,000	$140	62
3733 Ravenwood Ave	0.68mi	3/2.0 (-1)	1,350 (+6%)	1mo	$135,000	$100	52
4000 Balfern Ave	0.48mi	3/1.5 (-1)	1,120 (-12%)	1mo	$157,000	$140	51
4102 Dudley Ave	0.56mi	3/1.5 (-1)	1,120 (-12%)	2mo	$165,000	$147	47
4117 Eastmont Ave	0.72mi	3/2.0 (-1)	1,176 (-8%)	1mo	$224,900	$191	45
4927 Sinclair Ln	0.58mi	3/2.0 (-1)	1,440 (+12%)	2mo	$230,000	$160	44
3805 Elmora Ave	0.61mi	3/2.0 (-1)	1,096 (-14%)	1mo	$11,700	$11	39

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: 8.6%
• Equity multiple: 1.34×
• Total profit: $14,414
• Equity at exit: $22,351

10-year hold

• IRR: 19.1%
• Equity multiple: 2.70×
• Total profit: $71,508
• Equity at exit: $12,961

Cash invested: $41,972 (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 21206

• Rents YoY: 4.4%
• Active inventory: 173
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,086 high
• Mortgage (P&I): −$786
• Tax from tax record: −$240 /mo · $2,884/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $559

Break-even live

Break-even rent $1,378

Max offer price $149,900

Occupancy floor 68%

Sensitivity live

Price	-10% $644	-5% $601	+0% $559	+5% $516	+10% $474
Rent	-10% $394	-5% $477	+0% $559	+5% $641	+10% $724
Rate	-1.0pp $634	-0.5pp $597	base $559	+0.5pp $520	+1.0pp $481

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	24d	1	0.19mi
3573 Shannon Dr Baltimore, MD	4.0	2.0	1493	$2,300	$1.54	18d	1	0.22mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	24d	1	0.25mi
3300 Dudley Ave Baltimore, MD	4.0	2.0	1724	$2,200	$1.28	44d	1	0.26mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	44d	1	0.28mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	44d	1	0.34mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	5d	1	0.37mi
4116 Raymonn Ave Baltimore, MD	3.0	1.5	1244	$1,950	$1.57	44d	1	0.50mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	11d	1	0.51mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	44d	1	0.52mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	44d	1	0.53mi
4901 Gunther Ave Baltimore, MD	1.0–3.0	1.0–2.0	742	$1,463	$1.97	2d	1	0.53mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	44d	1	0.60mi
5305 Moravia Rd Baltimore, MD	3.0	1.0	679	$1,993	$2.93	2d	1	0.60mi
4718 Blue Ridge Ave Baltimore, MD	4.0	3.0	1744	$2,400	$1.38	11d	1	0.62mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	44d	1	0.62mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	24d	1	0.65mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	11d	1	0.70mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	5d	1	0.71mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	44d	1	0.75mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	24d	1	0.75mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	3d	1	0.75mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1440	$1,700	$1.18	24d	1	0.77mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1152	$1,700	$1.48	22d	1	0.77mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.77mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	0.78mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.84mi
3203 Clarence Ave Baltimore, MD	5.0	1.0	1388	$1,865	$1.34	44d	1	0.85mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	24d	1	0.87mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	44d	1	0.95mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	1.03mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	1.03mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	1.03mi
4924 Frankford Ave Baltimore, MD	4.0	2.0	1176	$2,600	$2.21	24d	1	1.04mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	1.06mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	1.08mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	1.08mi
3802 Biddison Ln Baltimore, MD	4.0	1.5	1443	$2,024	$1.40	11d	1	1.16mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	1.18mi
5313 Todd Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	16d	1	1.20mi

Listing history 3 events

1. 2026-06-03
   days on market $149,900 Active 2 DOM
2. 2026-06-02
   remarks 307-char remark
3. 2026-06-02
   listed $149,900 Active 1 DOM

ⓘ 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: $2,884 · $240/mo
• Projected year-2 tax: $2,884 · $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 6/10 Major FEMA zone X (unshaded) · 70% 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: $25,030
• − Mortgage interest: −$8,397
• − Property taxes: −$2,884
• − Insurance: −$750
• − Repairs & maintenance: −$2,002
• − Management: −$2,002
• − Depreciation: −$4,361
• Taxable income: $4,634
• Est. tax owed @ 24.0%: −$1,112
• After-tax cash flow: $5,595/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): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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 (73%)
• Race & ethnicity: Black 73% White 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% Other Indo-European 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+36.3% since first listed

23 events — show timeline

• 2026-06-01 Listed $149,900 BRIGHT MLS
• 2023-10-28 Rental Removed $1,900 APPFOLIO
• 2023-07-29 Listed for Rent $1,900 APPFOLIO
• 2018-03-01 Sold (Public Records) $4,552,396 Public Records
• 2015-11-25 Delisted — MRIS
• 2015-11-25 Listing Removed — BRIGHT MLS
• 2015-06-24 Listed — MRIS
• 2015-06-23 Listed $121,000 BRIGHT MLS
• 2010-10-06 Delisted — MRIS
• 2010-10-04 Sold (MLS) $70,000 BRIGHT MLS
• 2010-10-04 Sold (MLS) $70,000 MRIS
• 2010-10-04 Price Changed $85,000 MRIS
• 2010-08-19 Pending — MRIS
• 2010-08-18 Listing Removed — BRIGHT MLS
• 2010-08-06 Price Changed $89,900 MRIS
• 2010-08-03 Relisted — MRIS
• 2010-07-27 Delisted — MRIS
• 2010-01-26 Listed $99,000 MRIS
• 2010-01-26 Listed $85,000 BRIGHT MLS
• 2005-11-15 Sold (Public Records) $115,000 Public Records
• 2005-10-27 Sold (MLS) $115,000 MRIS
• 2005-09-19 Delisted — MRIS
• 2005-09-14 Listed $110,000 MRIS

Property tax history

+0.5%/yr

Latest (2025): $2,884 · +3.2% YoY. Source: county tax records.