3706 Springwood Ave · Baltimore, MD 21206

$134,950

3 bd · 1.0 ba · 1,024 sqft · Townhouse public records · 37 Days on market

Built 1952 4,276 sqft lot $132/sqft · 31% below area Est $194k · 31% 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 +28.5/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• 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 MLS

This 3-bedroom, 1-bath semi-detached rowhome is full of potential and ready for your vision. Tucked away on a quiet street, the property features a spacious fenced rear yard—perfect for outdoor living, pets, or entertaining—plus a large deck directly off the dining room for easy indoor-outdoor flow. Inside, you’ll find a partially finished basement offering additional living or storage space, along with plenty of opportunity to customize and add value throughout the home. The property does require work and is being sold as-is, making it best suited for cash buyers or investors. With strong upside potential, this is an excellent opportunity for a fix-and-flip project or a long-term rental investment. Priced to sell—don’t miss your chance to transform this property into something special.

Key facts

• Large deck
• Fenced rear yard
• Built 1952

Tags

• FENCED REAR YARD
• LARGE DECK
• PARTIALLY FINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $135k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 34% 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 $934 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 $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 27y 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 $71k; list at $135k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $130,901 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — 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. 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.
7. 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.
8. 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: 1.36% ✓
• Cap rate: 10.20%
• Cash-on-cash: 13.94%
• DSCR: 1.62
• GRM: 6.1

CMA / ARV

• ARV (median comp): $194,342
• List price: $134,950
• Delta: -30.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3706 Springwood Ave	0.00mi	3/1.5	1,024 (0%)	0mo	$155,000	$151	98
3707 Raspe Ave	0.03mi	3/2.0	1,024 (0%)	13mo	$250,000	$244	84
5903 Lillyan Ave	0.22mi	3/2.0	1,024 (0%)	7mo	$200,000	$195	80
5709 Walther Ave	0.33mi	3/2.0	1,024 (0%)	11mo	$218,000	$213	71
3710 Raspe Ave	0.07mi	3/1.0	1,152 (+12%)	10mo	$175,000	$152	68
5876 Belair Rd	0.36mi	2/1.5 (-1)	1,044 (+2%)	9mo	$149,000	$143	65
3717 Bayonne Ave	0.36mi	2/1.5 (-1)	960 (-6%)	14mo	$200,000	$208	54
4108 White Ave	0.40mi	3/2.0	1,152 (+12%)	5mo	$108,500	$94	52
3316 E Northern Pkwy	0.70mi	3/1.5	1,080 (+6%)	9mo	$250,000	$231	48
3828 Bayonne Ave	0.32mi	4/3.0 (+1)	1,152 (+12%)	5mo	$233,000	$202	47
5666 Kavon Ave	0.64mi	3/2.0	1,140 (+11%)	19mo	$199,999	$175	31
4217 Berger Ave	0.75mi	3/2.5	1,168 (+14%)	7mo	$185,000	$158	30

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: 5.9%
• Equity multiple: 1.23×
• Total profit: $8,848
• Equity at exit: $20,121

10-year hold

• IRR: 16.7%
• Equity multiple: 2.46×
• Total profit: $55,332
• Equity at exit: $11,668

Cash invested: $37,786 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,835 high
• Mortgage (P&I): −$708
• Tax from tax record: −$247 /mo · $2,963/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $439

Break-even live

Break-even rent $1,280

Max offer price $134,950

Occupancy floor 71%

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: $33,738
• Closing costs: $4,048
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5906 Benton Heights Ave Baltimore, MD	2.0	1.0	780	$1,350	$1.73	43d	1	0.24mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	43d	1	0.30mi
3607 Bayonne Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,300	$1.44	23d	1	0.41mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	43d	7	0.48mi
5632 Belair Rd Baltimore, MD	3.0	1.5	1260	$2,100	$1.67	23d	1	0.58mi
4308 Hamilton Ave Baltimore, MD	2.0	1.0	1110	$1,416	$1.28	23d	1	0.63mi
3807 Fleetwood Ave Unit 1 Baltimore, MD	2.0	1.0	969	$1,490	$1.54	4d	1	0.66mi
3807 Fleetwood Ave Unit 2 Baltimore, MD	3.0	1.0	937	$1,550	$1.65	4d	1	0.66mi
5424 Belle Vista Ave Baltimore, MD	2.0	1.0	932	$1,300	$1.39	43d	1	0.67mi
3014 Hamilton Ave Unit 1 Baltimore, MD	2.0	1.0	850	$1,575	$1.85	23d	1	0.87mi
3033 Hamilton Ave Unit 1R Baltimore, MD	2.0	1.0	720	$1,195	$1.66	4d	1	0.88mi
3158 Woodring Ave Parkville, MD	3.0	1.5	1500	$1,950	$1.30	23d	1	0.89mi
3802 Biddison Ln Baltimore, MD	4.0	1.5	1443	$2,024	$1.40	11d	1	0.93mi
5738 Cedonia Ave Baltimore, MD	2.0	1.0	797	$1,385	$1.74	3d	3	0.96mi
3021 Echodale Ave Unit 2 Baltimore, MD	2.0	1.0	750	$999	$1.33	43d	1	0.98mi
4007 Biddison Ln Apt 1 Baltimore, MD	2.0	1.0	1000	$1,279	$1.28	17d	1	1.01mi
4903 1/2 Hamilton Ave Unit A Baltimore, MD	2.0	2.0	800	$1,450	$1.81	23d	1	1.02mi
4903 1/2 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	23d	1	1.02mi
4905 Hamilton Ave Apt B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	23d	1	1.02mi
4907 Hamilton Ave Unit B Baltimore, MD	3.0	2.0	925	$1,699	$1.84	43d	1	1.02mi
3010 Woodring Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,600	$1.78	43d	1	1.05mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	43d	1	1.06mi
4909 Hamilton Ave Baltimore, MD	2.0–3.0	2.0	862	$1,550	$1.80	3d	5	1.06mi
5904 Arizona Ave Unit B Baltimore, MD	3.0	2.0	925	$1,550	$1.68	23d	1	1.07mi
2805 Hamilton Ave Baltimore, MD	4.0	2.0	1416	$2,300	$1.62	43d	1	1.09mi
5938 Clayton Ave Baltimore, MD	4.0	2.0	1296	$2,872	$2.22	16d	1	1.11mi
2804 Christopher Ave Baltimore, MD	3.0	2.5	1280	$2,200	$1.72	23d	1	1.14mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	23d	1	1.14mi
2604 Hamilton Ave Apt 2 Baltimore, MD	2.0	1.0	850	$1,195	$1.41	43d	1	1.17mi
3309 Southern Ave Unit 2 Baltimore, MD	2.0	1.0	1200	$1,600	$1.33	12d	1	1.20mi
5600 Birchwood Ave Unit 2 Baltimore, MD	2.0	1.0	850	$1,600	$1.88	43d	1	1.23mi
2900 Ailsa Ave Apt 2 Baltimore, MD	3.0	1.0	1300	$1,750	$1.35	4d	1	1.24mi
35-C Mopec Cir Nottingham, MD	2.0	1.0	1100	$1,445	$1.31	2d	10	1.26mi
2807 Shirey Ave Baltimore, MD	4.0	3.0	1190	$2,500	$2.10	14d	1	1.34mi
4924 Frankford Ave Baltimore, MD	4.0	2.0	1176	$2,600	$2.21	23d	1	1.37mi
3108 Glendale Ave Parkville, MD	3.0	3.0	1224	$2,550	$2.08	23d	1	1.37mi
6612 Birchwood Ave Baltimore, MD	3.0	2.0	1122	$2,300	$2.05	20d	1	1.41mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	2d	1	1.41mi
6212 Laurelton Ave Baltimore, MD	2.0	1.0	960	$1,325	$1.38	43d	1	1.43mi

Listing history 11 events

1. 2026-04-15
   listed $134,950 Active 827-char remark

   Show marketing remark (827 chars)

   This 3-bedroom, 1-bath semi-detached rowhome is full of potential and ready for your vision. Tucked away on a quiet street, the property features a spacious fenced rear yard—perfect for outdoor living, pets, or entertaining—plus a large deck directly off the dining room for easy indoor-outdoor flow. Inside, you’ll find a partially finished basement offering additional living or storage space, along with plenty of opportunity to customize and add value throughout the home. The property does require work and is being sold as-is, making it best suited for cash buyers or investors. With strong upside potential, this is an excellent opportunity for a fix-and-flip project or a long-term rental investment. Priced to sell—don’t miss your chance to transform this property into something special.

2. 2002-07-18
   soldstatus $71,000
3. 2002-06-27
   soldstatus $71,000
4. 2002-05-02
   historical
5. 2002-04-15
   listed $70,000
6. 2002-03-16
   historical
7. 2001-03-17
   listed
8. 1999-12-02
   historical
9. 1999-05-24
   listed
10. 1999-05-18
    historical
11. 1999-02-05
    listed

ⓘ 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: $2,963 · $247/mo
• Projected year-2 tax: $2,963 · $247/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 · 15 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: $22,024
• − Mortgage interest: −$7,559
• − Property taxes: −$2,963
• − Insurance: −$675
• − Repairs & maintenance: −$1,762
• − Management: −$1,762
• − Depreciation: −$3,926
• Taxable income: $3,377
• Est. tax owed @ 24.0%: −$810
• After-tax cash flow: $4,458/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

+92.8% since first listed

11 events — show timeline

• 2026-04-15 Listed $134,950 BRIGHT MLS
• 2002-07-18 Sold (Public Records) $71,000 Public Records
• 2002-06-27 Sold (MLS) $71,000 MRIS
• 2002-05-02 Delisted — MRIS
• 2002-04-15 Listed $70,000 MRIS
• 2002-03-16 Delisted — MRIS
• 2001-03-17 Listed — MRIS
• 1999-12-02 Delisted — MRIS
• 1999-05-24 Listed — MRIS
• 1999-05-18 Delisted — MRIS
• 1999-02-05 Listed — MRIS

Property tax history

-0.3%/yr

Latest (2025): $2,963 · +17.4% YoY. Source: county tax records.