2607 Goodwood Rd · Baltimore, MD 21214

$250,000

4 bd · 2.5 ba · 2,220 sqft · SingleFamily public records · 1 Days on market

Built 1920 6,969 sqft lot Est $342k · 27% 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 +13.0/30.0
• 1% rule +4.5/10.0
• DSCR +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lauraville in Baltimore city typical bungalow with atypical 3 bedrooms , 2 baths , and it is a storage GALORE! Old charm living with today's comfort. Gourmet kitchen. 2 zones heat and AC. And that yard! haven on earth where you will sure want to spend a lot of time enjoying life and entertaining. Come take a look , come feel the whimsical of that property.

Key facts

• Spacious kitchen
• Plenty of parking
• Large usable yard

Tags

• BEAUTIFUL WOOD FLOORS
• SPACIOUS KITCHEN
• LARGE PRIMARY SUITE
• PLENTY OF STORAGE SPACE
• LARGE USABLE YARD
• PLENTY OF PARKING

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Off-street parking; On-street parking; Alley access; Crushed stone surface
• Utilities: Public water; Public sewer; Electric service (150 amps); Natural gas available; Natural gas hot water
• Home design: Detached property; Northeast-facing main entrance; Entry level: 1
• Construction: Mixed construction with shingle and wood siding; Shingle roof; Concrete perimeter foundation; Above-grade and below-grade structures
• Exterior features: Board fencing; Rear yard; Shed

Interior

• Kitchen: Built-in microwave; Dishwasher; Garbage disposal; Electric oven/range; Refrigerator
• Bedrooms: Three bedrooms on the main level; One bedroom on the first upper level
• Flooring: Hardwood; Carpet
• Bathrooms: Two full bathrooms (one on the main level, one on the first upper level)
• Heating & cooling: 90% efficient forced air heating; Central air conditioning
• Interior features: Dining area; Kitchen island; 9'+ ceilings; Plaster walls
• Laundry & utility: Washer; Electric dryer; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-13 ($-152/yr) — negative.
• To cash-flow at today's rent, offer at most $248k (0.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $236k (5.4% below list).
• Recommended offer: $236k (5.4% 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: 98 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 33% of the median local income ($86k/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 $2k of loan paydown is wiped out by about $8k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y ago; this cycle's ask is 9% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $236,431 (5.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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: 0.95% ✗
• Cap rate: 6.23%
• Cash-on-cash: -0.22%
• DSCR: 0.99
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $341,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2817 Goodwood Rd	0.15mi	5/3.0 (+1)	2,256 (+2%)	1mo	$325,000	$144	82
2207 Woodbourne Ave	0.36mi	4/3.0	2,106 (-5%)	2mo	$375,000	$178	71
2511 Hermosa Ave	0.30mi	3/2.0 (-1)	2,333 (+5%)	2mo	$312,000	$134	69
2813 Echodale Ave	0.14mi	5/3.5 (+1)	2,428 (+9%)	0mo	$300,000	$124	69
5300 Tramore Rd	0.16mi	3/2.0 (-1)	1,958 (-12%)	2mo	$410,000	$209	64
3212 Wisteria Ave	0.56mi	4/2.5	2,061 (-7%)	1mo	$378,000	$183	61
6108 Fair Oaks Ave	0.60mi	4/3.0	2,336 (+5%)	2mo	$368,900	$158	60
3110 Hamilton Ave	0.45mi	4/4.5	2,460 (+11%)	1mo	$356,500	$145	52
6113 Tramore Rd	0.61mi	3/1.5 (-1)	2,000 (-10%)	3mo	$308,000	$154	44
4601 Hampnett Ave	0.61mi	3/2.0 (-1)	1,928 (-13%)	0mo	$290,000	$150	42
3403 Keene Ave	0.65mi	3/3.0 (-1)	2,475 (+12%)	3mo	$315,000	$127	41
4514 Mainfield Ave	0.63mi	4/4.5	2,548 (+15%)	0mo	$545,000	$214	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-41,190
• Equity at exit: $37,276

10-year hold

• IRR: -8.3%
• Equity multiple: 0.48×
• Total profit: $-36,383
• Equity at exit: $21,615

Cash invested: $70,000 (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 21214

• Active inventory: 98
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,364 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$465 /mo · $5,584/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$497
• Net cashflow: $-13

Break-even live

Break-even rent $2,380

Max offer price $247,756

Occupancy floor 96%

Sensitivity live

Price	-10% $129	-5% $58	+0% $-13	+5% $-83	+10% $-154
Rent	-10% $-199	-5% $-106	+0% $-13	+5% $81	+10% $174
Rate	-1.0pp $113	-0.5pp $51	base $-13	+0.5pp $-77	+1.0pp $-143

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2805 Hamilton Ave Baltimore, MD	4.0	2.0	1416	$2,300	$1.62	45d	1	0.27mi
2911 Shirey Ave Baltimore, MD	4.0	2.0	1680	$2,500	$1.49	21d	1	0.29mi
2912 Grindon Ave Baltimore, MD	5.0	3.5	2400	$3,300	$1.38	12d	1	0.62mi
2028 Hillenwood Rd Baltimore, MD	4.0	2.0	1820	$2,100	$1.15	23d	1	0.67mi
3514 Ailsa Ave Baltimore, MD	3.0	2.0	1800	$2,200	$1.22	45d	1	0.68mi
5781 Edgepark Rd Baltimore, MD	3.0	2.0	1568	$1,975	$1.26	17d	1	0.69mi
3510 Hamilton Ave Baltimore, MD	3.0	2.5	2100	$2,300	$1.10	25d	1	0.70mi
3021 Glenmore Ave Baltimore, MD	5.0	2.0	2692	$1,950	$0.72	5d	1	0.70mi
1908 E Belvedere Ave Baltimore, MD	4.0	2.0	1425	$1,950	$1.37	21d	1	0.78mi
1915 Hillenwood Rd Baltimore, MD	5.0	2.0	2199	$3,200	$1.46	5d	1	0.79mi
1804 Winford Rd Baltimore, MD	3.0	1.5	1600	$2,100	$1.31	25d	1	0.85mi
3721 Frankford Ave Baltimore, MD	3.0	2.0	1600	$2,050	$1.28	45d	1	0.87mi
3802 Biddison Ln Baltimore, MD	4.0	1.5	1443	$2,024	$1.40	12d	1	0.92mi
1646 Wadsworth Way Baltimore, MD	3.0	1.0	1520	$2,100	$1.38	12d	1	1.06mi
1508 Gleneagle Rd Baltimore, MD	3.0	2.0	1824	$2,180	$1.20	5d	1	1.30mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	45d	1	1.41mi
3412 Fleetwood Ave Baltimore, MD	3.0	2.5	1620	$2,195	$1.35	45d	1	1.42mi
3158 Woodring Ave Parkville, MD	3.0	1.5	1500	$1,950	$1.30	25d	1	1.43mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	45d	1	1.43mi
4718 Blue Ridge Ave Baltimore, MD	4.0	3.0	1744	$2,400	$1.38	12d	1	1.44mi
5204 Kelway Rd Baltimore, MD	3.0	2.0	1666	$2,350	$1.41	25d	1	1.46mi
2518 Moore Ave Parkville, MD	4.0	1.5	1896	$2,700	$1.42	45d	1	1.49mi

Listing history 3 events

1. 2026-06-21
   pricestatus $250,000 Active 1 DOM
2. 2026-06-19
   remarks 699-char remark
3. 2026-06-19
   listed $255,000 Coming Soon 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: $5,584 · $465/mo
• Projected year-2 tax: $5,584 · $465/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 7/10 Severe 7 d/yr ≥103°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 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,372
• − Mortgage interest: −$14,004
• − Property taxes: −$5,584
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,270
• − Management: −$2,270
• − Depreciation: −$7,273
• Taxable loss: −$4,278
• Est. tax savings @ 24.0%: +$1,027
• After-tax cash flow: $874/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): 21,092
• Household income: $86,366
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 432.0

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 0.56)
• Race & ethnicity: Black 58% White 33% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Italian 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -211.52%
• Current HPI: 310.5637
• Rent YoY: —
• 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

+21.4% since first listed

13 events — show timeline

• 2026-06-18 Coming Soon $255,000 BRIGHT MLS
• 2021-03-04 Sold (Public Records) $231,000 Public Records
• 2020-07-02 Sold (MLS) $231,000 BRIGHT MLS
• 2020-06-04 Contingent — BRIGHT MLS
• 2020-06-01 Listed $229,900 BRIGHT MLS
• 2015-12-14 Delisted — MRIS
• 2015-12-14 Listing Removed — BRIGHT MLS
• 2015-10-02 Listed — MRIS
• 2015-10-02 Listed $215,000 BRIGHT MLS
• 2006-01-11 Sold (Public Records) $210,000 Public Records
• 2005-11-30 Sold (MLS) $210,000 MRIS
• 2005-11-02 Delisted — MRIS
• 2005-08-21 Listed $210,000 MRIS

Property tax history

+1.6%/yr

Latest (2025): $5,584 · +7.3% YoY. Source: county tax records.