3332 Brendan Ave · Baltimore, MD 21213

$130,000

3 bd · 1.0 ba · 870 sqft · Townhouse public records · 11 Days on market

Built 1948 1,305 sqft lot Est $122k · 7% over

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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 +27.9/30.0
• DSCR +9.9/10.0
• 1% rule +8.0/10.0
• Appreciation +4.7/10.0
• ARV discount +4.5/15.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don t wait and make an appointment today. Welcome Home!!!

Key facts

• Built 1948
• Listed 11 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $400 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 10.0% 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 (+5.2%/yr); 319 active listings in the ZIP; 29 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 39% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $161 of equity ($899 loan paydown + $-738 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y 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 $50k; list at $130k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $130,000

Questions for the listing agent

1. Built in 1948 — 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: 1.30% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.18%
• DSCR: 1.59
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $121,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3332 Brendan Ave	0.00mi	3/1.5	870 (0%)	1mo	$128,000	$147	97
3427 Ravenwood Ave	0.56mi	3/1.0	896 (+3%)	0mo	$120,900	$135	69
3307 Elmora Ave	0.61mi	3/1.0	896 (+3%)	3mo	$155,000	$173	64
3410 Elmora Ave	0.53mi	3/2.0	896 (+3%)	4mo	$93,500	$104	63
3338 Elmora Ave	0.55mi	2/1.0 (-1)	896 (+3%)	2mo	$149,500	$167	63
3224 Elmora Ave	0.63mi	3/1.0	896 (+3%)	5mo	$82,000	$92	61
3315 Lyndale Ave	0.57mi	2/1.5 (-1)	896 (+3%)	1mo	$145,000	$162	60
3205 Ravenwood Ave	0.69mi	3/1.0	896 (+3%)	6mo	$58,500	$65	58
3215 Elmora Ave	0.65mi	4/1.5 (+1)	896 (+3%)	5mo	$115,000	$128	53
4728 Chatford Ave	0.70mi	2/1.5 (-1)	896 (+3%)	3mo	$125,000	$140	53
3335 Lyndale Ave	0.55mi	4/3.0 (+1)	896 (+3%)	5mo	$125,000	$140	52
3300 Elmley Ave	0.56mi	4/2.0 (+1)	952 (+9%)	5mo	$161,000	$169	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 12.9%
• Equity multiple: 1.61×
• Total profit: $22,170
• Equity at exit: $34,098

10-year hold

• IRR: 19.9%
• Equity multiple: 3.26×
• Total profit: $82,298
• Equity at exit: $38,177

Cash invested: $36,400 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,684 high
• Mortgage (P&I): −$682
• Tax from tax record: −$194 /mo · $2,334/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $400

Break-even live

Break-even rent $1,178

Max offer price $130,000

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	43d	1	0.25mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	43d	1	0.28mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	23d	1	0.34mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	23d	1	0.42mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	3d	1	0.55mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	43d	1	0.56mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	43d	1	0.56mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	17d	1	0.56mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	17d	1	0.58mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	23d	1	0.59mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	23d	1	0.61mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	23d	1	0.61mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	43d	1	0.61mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	43d	3	0.73mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	43d	1	0.74mi
4901 Gunther Ave Baltimore, MD	1.0–3.0	1.0–2.0	742	$1,463	$1.97	2d	1	1.00mi
5305 Moravia Rd Baltimore, MD	3.0	1.0	679	$1,993	$2.93	2d	1	1.02mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	12d	1	1.05mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	21d	1	1.05mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	23d	1	1.13mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	43d	1	1.15mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	23d	1	1.18mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	23d	1	1.19mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	43d	1	1.32mi
6004 Amberwood Rd Baltimore, MD	2.0	1.0	751	$1,220	$1.62	20d	1	1.35mi
4007 Biddison Ln Apt 1 Baltimore, MD	2.0	1.0	1000	$1,279	$1.28	17d	1	1.37mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	43d	1	1.41mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	23d	1	1.45mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	2d	1	1.49mi

Listing history 10 events

1. 2026-03-20
   status Pending
2. 2026-03-10
   listed $130,000 Active
3. 2026-03-09
   historical $130,000
4. 2015-10-14
   soldstatus $49,900
5. 2015-06-25
   historical 398-char remark

   Show marketing remark (398 chars)

   3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don t wait and make an appointment today. Welcome Home!!!

6. 2015-06-23
   soldstatus $49,900 398-char remark

   Show marketing remark (398 chars)

   3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don~t wait and make an appointment today. Welcome Home!!!

7. 2015-06-23
   soldstatus $49,900 Sold 398-char remark

   Show marketing remark (398 chars)

   3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don~t wait and make an appointment today. Welcome Home!!!

8. 2015-05-22
   status Contract 398-char remark

   Show marketing remark (398 chars)

   3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don~t wait and make an appointment today. Welcome Home!!!

9. 2015-05-13
   listed $49,900 Active 398-char remark

   Show marketing remark (398 chars)

   3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don t wait and make an appointment today. Welcome Home!!!

10. 2015-05-13
    listed $49,900 398-char remark

    Show marketing remark (398 chars)

    3 Story PorchFront Townhome in Belair Edison. This 3 Bedroom 1.5 Bath Home offers many updates including newer roof with gutters and downspouts, hot water heater, Champion windows and many more. Energy efficient HVAC system will make you feel comfortable all year around. Separate Dining Room. Deck off the Kitchen great for morning coffee. Don t wait and make an appointment today. Welcome Home!!!

ⓘ 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: $2,334 · $194/mo
• Projected year-2 tax: $2,334 · $194/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 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 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: $20,205
• − Mortgage interest: −$7,282
• − Property taxes: −$2,334
• − Insurance: −$650
• − Repairs & maintenance: −$1,616
• − Management: −$1,616
• − Depreciation: −$3,782
• Taxable income: $2,925
• Est. tax owed @ 24.0%: −$702
• After-tax cash flow: $4,095/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+160.5% since first listed

10 events — show timeline

• 2026-03-20 Pending — BRIGHT MLS
• 2026-03-10 Listed $130,000 BRIGHT MLS
• 2026-03-09 Coming Soon $130,000 BRIGHT MLS
• 2015-10-14 Sold (Public Records) $49,900 Public Records
• 2015-06-25 Listing Removed — BRIGHT MLS
• 2015-06-23 Sold (MLS) $49,900 MRIS
• 2015-06-23 Sold (MLS) $49,900 BRIGHT MLS
• 2015-05-22 Pending — MRIS
• 2015-05-13 Listed $49,900 MRIS
• 2015-05-13 Listed $49,900 BRIGHT MLS

Property tax history

-0.4%/yr

Latest (2025): $2,334 · +3.6% YoY. Source: county tax records.