None · Baltimore, MD 21215

$180,000

3 bd · 2.0 ba · 2,492 sqft · SingleFamily public records · 58 Days on market

Built 1920 0.34 ac lot $72/sqft · 49% below area Est $353k · 49% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.6/30.0
• 1% rule +4.3/10.0
• DSCR +4.1/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Key facts

• 0.34 acre lot
• 3 parking spots
• Built 1920

Property features AI

Finance

• Other: Above-grade finished area listed as 2,492 (assessor); Total below-grade area reported as 0; Land and improvement assessment values reported (financial details excluded per instructions)
• Financial info: Ownership: Fee simple

Exterior

• Parking: Driveway parking (3 spaces total)
• Utilities: Public water; Public sewer; 60+ gallon hot water tank
• Home design: Detached property; Main entrance faces northwest; Building not winterized; Below average property condition; Estimated year built with major remodel in 1998
• Construction: Aluminum siding, brick, and frame construction; Composite roof; Concrete perimeter foundation
• Exterior features: Deck(s); Porch(es); Corner lot/unit; Not in a federal flood zone; Accessible switches and outlets

Interior

• Kitchen: Kitchen (details not specified)
• Bedrooms: Three bedrooms on the upper level
• Flooring: Hardwood
• Bathrooms: One full bathroom
• Heating & cooling: Radiator heating; Ceiling fans for cooling; Electric heating fuel
• Interior features: Second kitchen; Attic; Ceiling fans; Dining area; Traditional floor plan; Wood floors; Connecting stairway to basement
• Laundry & utility: Not furnished (no specific laundry appliances listed)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $9 ($113/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 $168k (6.5% below list).
• Recommended offer: $168k (6.5% 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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.4%/yr); 354 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 ($52k/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 $5k 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.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $32k; list at $180k implies a 467% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% 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 $168,267 (6.5% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 0.93% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.22%
• DSCR: 1.01
• GRM: 8.9

CMA / ARV

• ARV (median comp): $352,670
• List price: $180,000
• Delta: -48.96%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4211 Fernhill Ave	0.09mi	4/3.5 (+1)	2,507 (+1%)	15mo	$439,900	$175	71
4115 Boarman Ave	0.33mi	4/3.5 (+1)	2,504 (+0%)	2mo	$375,000	$150	71
3912 Fernhill Ave	0.37mi	3/2.0	2,324 (-7%)	4mo	$275,000	$118	68
5300 Wabash Ave	0.28mi	3/2.5	2,240 (-10%)	9mo	$317,500	$142	61
4900 Haddon Ave	0.53mi	4/3.5 (+1)	2,470 (-1%)	6mo	$425,000	$172	58
3807 Fernhill Ave	0.54mi	4/3.0 (+1)	2,432 (-2%)	9mo	$329,900	$136	54
3809 N Rogers Ave	0.65mi	4/3.0 (+1)	2,412 (-3%)	5mo	$330,000	$137	51
3812 Milford Ave	0.42mi	4/3.5 (+1)	2,280 (-8%)	7mo	$460,000	$202	49
5601 Groveland Ave	0.61mi	3/2.5	2,118 (-15%)	6mo	$335,000	$158	40
3723 Milford Ave	0.51mi	4/3.0 (+1)	2,280 (-8%)	16mo	$342,000	$150	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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-29,488
• Equity at exit: $26,839

10-year hold

• IRR: -9.5%
• Equity multiple: 0.43×
• Total profit: $-28,639
• Equity at exit: $15,563

Cash invested: $50,400 (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 21215

• Rents YoY: 2.4%
• Active inventory: 354
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,683 high
• Mortgage (P&I): −$944
• Tax from tax record: −$301 /mo · $3,611/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $9

Break-even live

Break-even rent $1,671

Max offer price $180,000

Occupancy floor 94%

Sensitivity live

Price	-10% $111	-5% $60	+0% $9	+5% $-42	+10% $-92
Rent	-10% $-124	-5% $-57	+0% $9	+5% $76	+10% $142
Rate	-1.0pp $100	-0.5pp $55	base $9	+0.5pp $-37	+1.0pp $-85

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3914 Maine Ave Unit 3 Baltimore, MD	2.0	1.0	2127	$1,150	$0.54	45d	1	0.81mi
5807 Gist Ave Baltimore, MD	2.0	1.5	2100	$1,395	$0.66	25d	1	1.01mi
4704 Pimlico Rd Baltimore, MD	3.0	1.5	2006	$1,800	$0.90	25d	1	1.25mi
3411 Fairview Ave Baltimore, MD	2.0	1.0	2949	$1,600	$0.54	19d	1	1.34mi
3213 Dorchester Rd Baltimore, MD	2.0	1.0	2640	$1,850	$0.70	25d	1	1.36mi
3204 Sequoia Ave Baltimore, MD	4.0	2.5	1791	$2,600	$1.45	45d	1	1.38mi
3709 Fords Ln Baltimore, MD	4.0	3.5	2248	$3,000	$1.33	0d	1	1.44mi
2805 Oakley Ave Baltimore, MD	2.0	1.0	2400	$1,500	$0.62	16d	1	1.47mi

Listing history 16 events

1. 2026-06-21
   days on market $180,000 Active 58 DOM
2. 2026-06-18
   days on market $180,000 Active 55 DOM
3. 2026-06-17
   days on market $180,000 Active 54 DOM
4. 2026-06-16
   days on market $180,000 Active 53 DOM
5. 2026-06-15
   days on market $180,000 Active 52 DOM
6. 2026-06-13
   days on market $180,000 Active 50 DOM
7. 2026-06-09
   days on market $180,000 Active 46 DOM
8. 2026-06-08
   days on market $180,000 Active 45 DOM
9. 2026-06-07
   days on market $180,000 Active 44 DOM
10. 2026-06-04
    days on market $180,000 Active 41 DOM
11. 2026-06-03
    days on market $180,000 Active 40 DOM
12. 2026-06-02
    days on market $180,000 Active 39 DOM
13. 2026-06-01
    days on market $180,000 Active 38 DOM
14. 2026-05-31
    days on market $180,000 Active 37 DOM
15. 2026-04-24
    listed $180,000 Active
16. 1983-05-12
    soldstatus $31,750

ⓘ 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: $3,611 · $301/mo
• Projected year-2 tax: $3,611 · $301/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 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,192
• − Mortgage interest: −$10,083
• − Property taxes: −$3,611
• − Insurance: −$900
• − Repairs & maintenance: −$1,615
• − Management: −$1,615
• − Depreciation: −$5,236
• Taxable loss: −$2,869
• Est. tax savings @ 24.0%: +$689
• After-tax cash flow: $802/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+466.9% since first listed

2 events — show timeline

• 2026-04-24 Listed $180,000 BRIGHT MLS
• 1983-05-12 Sold (Public Records) $31,750 Public Records

Property tax history

-0.3%/yr

Latest (2025): $3,611 · +2.9% YoY. Source: county tax records.