3514 Hayward Ave · Baltimore, MD 21215

$52,651

3 bd · 1.0 ba · 2,400 sqft · Townhouse · 148 Days on market

Built 1920 5,227 sqft lot $22/sqft · 74% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Listing remarks MLS

Handy buyers take notice! Large 1800+ SF semi-detached home near the Pimlico Racecourse redevelopment area is waiting for you! This home is believed to be a 3 bedroom, 1 full bath unit from the past listing a few years ago. Property is 3 levels, plus a unfinished basement. Home had a fire several months ago and was damaged inside, but appears to have been rehabbed at one point prior to the fire, unknown what remains. See the MLS photos for interior condition. Adjoining unit is already being renovated, so there is a lot of potential to bring this unit back to life. Fenced rear yard, covered front porch and rear balcony, plus a central location near major roads, shopping and schools. Contact the Listing Broker for more information.

Key facts

• Covered front porch
• Rear balcony
• Unfinished basement

Tags

• SEMI-DETACHED HOME
• UNFINISHED BASEMENT
• FENCED REAR YARD
• COVERED FRONT PORCH
• REAR BALCONY
• CENTRAL LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $53k.

Deal economics

• At list price, monthly cash flow is $966 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $53k).
• Recommended offer: $46k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.3% 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 (+2.4%/yr); 354 active listings in the ZIP; 5 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 43% 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 $364 of loan paydown is wiped out by about $2k 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 + 2.4% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $15k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $53k implies a 432% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $46,332 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 3.47% ✓
• Cap rate: 28.30%
• Cash-on-cash: 78.61%
• DSCR: 4.50
• GRM: 2.4

CMA / ARV

• ARV (median comp): $199,491
• List price: $52,651
• Delta: -73.61%
• 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
5135 Pembridge Ave	0.57mi	3/2.0	2,440 (+2%)	0mo	$90,000	$37	66
4028 Hayward Ave	0.33mi	4/3.5 (+1)	2,250 (-6%)	5mo	$250,000	$111	55
5002 Elmer Ave	0.29mi	4/1.5 (+1)	2,640 (+10%)	13mo	$65,000	$25	52
3229 Spaulding Ave	0.27mi	3/2.0	2,100 (-12%)	14mo	$158,000	$75	51
5830 Jonquil Ave	0.60mi	4/2.5 (+1)	2,296 (-4%)	15mo	$236,000	$103	41
2916 Oakley Ave	0.59mi	4/3.5 (+1)	2,279 (-5%)	10mo	$280,000	$123	40
5019 Queensberry Ave	0.52mi	4/3.5 (+1)	2,079 (-13%)	1mo	$288,000	$139	38
4668 Pimlico Rd	0.73mi	3/2.5	2,100 (-12%)	4mo	$185,000	$88	35
5701 Jonquil Ave	0.43mi	4/2.0 (+1)	2,052 (-14%)	23mo	$235,000	$115	28
3410 Saint Ambrose Ave	0.74mi	4/2.0 (+1)	2,600 (+8%)	20mo	$200,000	$77	26

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: 78.0%
• Equity multiple: 4.53×
• Total profit: $51,992
• Equity at exit: $7,850

10-year hold

• IRR: 81.4%
• Equity multiple: 9.17×
• Total profit: $120,495
• Equity at exit: $4,552

Cash invested: $14,742 (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: 2.4×

Monthly cashflow live

• Estimated rent: $1,829 high
• Mortgage (P&I): −$276
• Tax from tax record: −$181 /mo · $2,170/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $966

Break-even live

Break-even rent $606

Max offer price $52,651

Occupancy floor 42%

Sensitivity live

Price	-10% $995	-5% $981	+0% $966	+5% $951	+10% $936
Rent	-10% $821	-5% $893	+0% $966	+5% $1,038	+10% $1,110
Rate	-1.0pp $992	-0.5pp $979	base $966	+0.5pp $952	+1.0pp $938

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: $13,163
• Closing costs: $1,580
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5807 Gist Ave Baltimore, MD	2.0	1.5	2100	$1,395	$0.66	25d	1	0.55mi
4704 Pimlico Rd Baltimore, MD	3.0	1.5	2006	$1,800	$0.90	25d	1	0.70mi
2805 Oakley Ave Baltimore, MD	2.0	1.0	2400	$1,500	$0.62	15d	1	0.79mi
3709 Fords Ln Baltimore, MD	4.0	3.5	2248	$3,200	$1.42	21d	1	1.11mi
3505 Clarks Ln Unit D2 Baltimore, MD	3.0	2.0	1750	$2,500	$1.43	44d	1	1.34mi

Listing history 26 events

1. 2026-06-21
   days on market $52,651 Active 148 DOM
2. 2026-06-18
   days on market $52,651 Active 145 DOM
3. 2026-06-17
   days on market $52,651 Active 144 DOM
4. 2026-06-16
   days on market $52,651 Active 143 DOM
5. 2026-06-15
   days on market $52,651 Active 142 DOM
6. 2026-06-13
   days on market $52,651 Active 140 DOM
7. 2026-06-09
   days on market $52,651 Active 136 DOM
8. 2026-06-08
   days on market $52,651 Active 135 DOM
9. 2026-06-07
   days on market $52,651 Active 134 DOM
10. 2026-06-04
    pricedays on market $52,651 Active 131 DOM
11. 2026-06-03
    days on market $57,230 Active 130 DOM
12. 2026-06-02
    days on market $57,230 Active 129 DOM
13. 2026-06-01
    days on market $57,230 Active 128 DOM
14. 2026-05-31
    days on market $57,230 Active 127 DOM
15. 2026-05-06
    price $57,230 739-char remark

    Show marketing remark (739 chars)

    Handy buyers take notice! Large 1800+ SF semi-detached home near the Pimlico Racecourse redevelopment area is waiting for you! This home is believed to be a 3 bedroom, 1 full bath unit from the past listing a few years ago. Property is 3 levels, plus a unfinished basement. Home had a fire several months ago and was damaged inside, but appears to have been rehabbed at one point prior to the fire, unknown what remains. See the MLS photos for interior condition. Adjoining unit is already being renovated, so there is a lot of potential to bring this unit back to life. Fenced rear yard, covered front porch and rear balcony, plus a central location near major roads, shopping and schools. Contact the Listing Broker for more information.

16. 2026-04-21
    status Active 739-char remark

    Show marketing remark (739 chars)

    Handy buyers take notice! Large 1800+ SF semi-detached home near the Pimlico Racecourse redevelopment area is waiting for you! This home is believed to be a 3 bedroom, 1 full bath unit from the past listing a few years ago. Property is 3 levels, plus a unfinished basement. Home had a fire several months ago and was damaged inside, but appears to have been rehabbed at one point prior to the fire, unknown what remains. See the MLS photos for interior condition. Adjoining unit is already being renovated, so there is a lot of potential to bring this unit back to life. Fenced rear yard, covered front porch and rear balcony, plus a central location near major roads, shopping and schools. Contact the Listing Broker for more information.

17. 2026-03-02
    status Pending 739-char remark

    Show marketing remark (739 chars)

    Handy buyers take notice! Large 1800+ SF semi-detached home near the Pimlico Racecourse redevelopment area is waiting for you! This home is believed to be a 3 bedroom, 1 full bath unit from the past listing a few years ago. Property is 3 levels, plus a unfinished basement. Home had a fire several months ago and was damaged inside, but appears to have been rehabbed at one point prior to the fire, unknown what remains. See the MLS photos for interior condition. Adjoining unit is already being renovated, so there is a lot of potential to bring this unit back to life. Fenced rear yard, covered front porch and rear balcony, plus a central location near major roads, shopping and schools. Contact the Listing Broker for more information.

18. 2026-01-29
    price $62,200 739-char remark

    Show marketing remark (739 chars)

    Handy buyers take notice! Large 1800+ SF semi-detached home near the Pimlico Racecourse redevelopment area is waiting for you! This home is believed to be a 3 bedroom, 1 full bath unit from the past listing a few years ago. Property is 3 levels, plus a unfinished basement. Home had a fire several months ago and was damaged inside, but appears to have been rehabbed at one point prior to the fire, unknown what remains. See the MLS photos for interior condition. Adjoining unit is already being renovated, so there is a lot of potential to bring this unit back to life. Fenced rear yard, covered front porch and rear balcony, plus a central location near major roads, shopping and schools. Contact the Listing Broker for more information.

19. 2025-12-05
    listed $67,600 Active 739-char remark

    Show marketing remark (739 chars)

    Handy buyers take notice! Large 1800+ SF semi-detached home near the Pimlico Racecourse redevelopment area is waiting for you! This home is believed to be a 3 bedroom, 1 full bath unit from the past listing a few years ago. Property is 3 levels, plus a unfinished basement. Home had a fire several months ago and was damaged inside, but appears to have been rehabbed at one point prior to the fire, unknown what remains. See the MLS photos for interior condition. Adjoining unit is already being renovated, so there is a lot of potential to bring this unit back to life. Fenced rear yard, covered front porch and rear balcony, plus a central location near major roads, shopping and schools. Contact the Listing Broker for more information.

20. 2013-04-17
    soldstatus $9,900 205-char remark

    Show marketing remark (205 chars)

    PUBLIC ONSITE AUCTION: Mon, April 22, 2013 @ 11:30AM. Starting Bid $7,500. Attorney Ordered Sale. Semi-Detached Home in Arlington. Property is Vacant. Pre-Bid Offers Accepted. Agents Register Your Clients.

21. 2013-04-17
    soldstatus $9,900 Sold

    Show marketing remark (205 chars)

    PUBLIC ONSITE AUCTION: Mon, April 22, 2013 @ 11:30AM. Starting Bid $7,500. Attorney Ordered Sale. Semi-Detached Home in Arlington. Property is Vacant. Pre-Bid Offers Accepted. Agents Register Your Clients.

22. 2013-04-03
    status Contract

    Show marketing remark (205 chars)

    PUBLIC ONSITE AUCTION: Mon, April 22, 2013 @ 11:30AM. Starting Bid $7,500. Attorney Ordered Sale. Semi-Detached Home in Arlington. Property is Vacant. Pre-Bid Offers Accepted. Agents Register Your Clients.

23. 2013-04-03
    historical 205-char remark

    Show marketing remark (205 chars)

    PUBLIC ONSITE AUCTION: Mon, April 22, 2013 @ 11:30AM. Starting Bid $7,500. Attorney Ordered Sale. Semi-Detached Home in Arlington. Property is Vacant. Pre-Bid Offers Accepted. Agents Register Your Clients.

24. 2013-02-28
    listed $7,500 Active

    Show marketing remark (205 chars)

    PUBLIC ONSITE AUCTION: Mon, April 22, 2013 @ 11:30AM. Starting Bid $7,500. Attorney Ordered Sale. Semi-Detached Home in Arlington. Property is Vacant. Pre-Bid Offers Accepted. Agents Register Your Clients.

25. 2013-02-28
    listed $7,500 205-char remark

    Show marketing remark (205 chars)

    PUBLIC ONSITE AUCTION: Mon, April 22, 2013 @ 11:30AM. Starting Bid $7,500. Attorney Ordered Sale. Semi-Detached Home in Arlington. Property is Vacant. Pre-Bid Offers Accepted. Agents Register Your Clients.

26. 2007-02-07
    soldstatus $37,000

ⓘ 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: $2,170 · $181/mo
• Projected year-2 tax: $2,170 · $181/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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% 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: $21,943
• − Mortgage interest: −$2,949
• − Property taxes: −$2,170
• − Insurance: −$263
• − Repairs & maintenance: −$1,755
• − Management: −$1,755
• − Depreciation: −$1,532
• Taxable income: $11,518
• Est. tax owed @ 24.0%: −$2,764
• After-tax cash flow: $8,824/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

+54.7% since first listed

12 events — show timeline

• 2026-05-06 Price Changed $57,230 BRIGHT MLS
• 2026-04-21 Relisted — BRIGHT MLS
• 2026-03-02 Pending — BRIGHT MLS
• 2026-01-29 Price Changed $62,200 BRIGHT MLS
• 2025-12-05 Listed $67,600 BRIGHT MLS
• 2013-04-17 Sold (MLS) $9,900 MRIS
• 2013-04-17 Sold (MLS) $9,900 BRIGHT MLS
• 2013-04-03 Pending — MRIS
• 2013-04-03 Listing Removed — BRIGHT MLS
• 2013-02-28 Listed $7,500 MRIS
• 2013-02-28 Listed $7,500 BRIGHT MLS
• 2007-02-07 Sold (Public Records) $37,000 Public Records

Property tax history

+11.8%/yr

Latest (2025): $2,170 · -5.7% YoY. Source: county tax records.