3914 Elm Ave · Baltimore, MD 21211

$75,000

2 bd · 1.0 ba · 780 sqft · Townhouse public records · 25 Days on market

Built 1920 1,170 sqft lot Est $140k · 46% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

List price is Opening Bid at The Online Only Auction Sale to Be Held on The Auctioneers Website – Bidding begins Friday, June 26th, and ends Wednesday, July 1, 2026 at 12:00PM. Excellent renovation opportunity in the heart of Hampden! Excellent renovation opportunity in the heart of Hampden! Located directly across the street from The Rotunda on a quiet block of Elm Avenue, this classic 2-story brick rowhome with unfinished basement offers approximately 1,170± total square feet and tremendous potential for investors, renovators, or buyers looking to customize a home to their taste. The property includes 2 bedrooms, 1 bath, a living room, eat-in kitchen, and an unfinished baseme

Key facts

• Unfinished basement
• Built 1920
• Listed 24 days

Tags

• UNFINISHED BASEMENT
• CLASSIC 2-STORY BRICK ROWHOME

Property features AI

Finance

• Other: Total below-grade area 390 (per assessor); Finished above-grade area 780 (per assessor); Accessibility features noted

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Stone foundation; Above-grade and below-grade structures; Year built (per assessor)
• Exterior features: No tidal water

Interior

• Bedrooms: Two bedrooms on the first upper level
• Bathrooms: One full bathroom (total)
• Heating & cooling: Forced-air heating (natural gas); Central air conditioning (natural gas); Natural gas hot water
• Interior features: Daylight, partial basement; Finished above-grade living area (per assessor)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $75k.

Deal economics

• At list price, monthly cash flow is $975 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.9% 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 (+4.3%/yr); 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 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 + 4.3% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1920 — 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 $73,875 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.67% ✓
• Cap rate: 21.89%
• Cash-on-cash: 55.71%
• DSCR: 3.48
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $139,620
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3506 Hickory Ave	0.40mi	2/1.0	792 (+2%)	0mo	$190,000	$240	78
310 Ridgemede Rd #1	0.45mi	1/1.0 (-1)	757 (-3%)	1mo	$135,500	$179	68
220 Stony Run Ln Unit B1	0.51mi	2/1.0	817 (+5%)	6mo	$125,000	$153	64
1417 Union Ave	0.44mi	2/1.0	840 (+8%)	7mo	$250,000	$298	61
3317 Paine St	0.56mi	2/1.0	720 (-8%)	5mo	$125,000	$174	57
4345 Newport Ave	0.64mi	2/2.0	832 (+7%)	2mo	$259,999	$312	53
1120 Roland Heights Ave	0.55mi	2/1.0	882 (+13%)	2mo	$235,000	$266	51
1349 Clipper Heights Ave	0.62mi	2/1.0	862 (+10%)	4mo	$120,000	$139	51
4401 Roland Ave #114	0.56mi	1/1.0 (-1)	871 (+12%)	1mo	$95,000	$109	49
3801 Canterbury Rd #811	0.65mi	1/1.0 (-1)	856 (+10%)	6mo	$185,000	$216	44
4000 N Charles St #403	0.72mi	1/1.0 (-1)	860 (+10%)	6mo	$120,000	$140	39
4000 N Charles St #706	0.72mi	1/1.0 (-1)	869 (+11%)	5mo	$150,000	$173	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 · 4.32% rent growth · sell at horizon

5-year hold

• IRR: 55.7%
• Equity multiple: 3.51×
• Total profit: $52,730
• Equity at exit: $11,183

10-year hold

• IRR: 61.2%
• Equity multiple: 7.55×
• Total profit: $137,604
• Equity at exit: $6,485

Cash invested: $21,000 (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 21211

• Rents YoY: 4.3%
• Active inventory: 91
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $2,006 high
• Mortgage (P&I): −$393
• Tax from tax record: −$185 /mo · $2,218/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $975

Break-even live

Break-even rent $771

Max offer price $75,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,017	-5% $996	+0% $975	+5% $954	+10% $933
Rent	-10% $817	-5% $896	+0% $975	+5% $1,054	+10% $1,133
Rate	-1.0pp $1,013	-0.5pp $994	base $975	+0.5pp $956	+1.0pp $936

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3923 Roland Ave Baltimore, MD	1.0	1.0	675	$1,800	$2.67	24d	1	0.04mi
727 W 40th St Baltimore, MD	1.0–2.0	1.0–2.0	1101	$3,822	$3.47	2d	4	0.13mi
1109 W 40th St Baltimore, MD	3.0	1.5	944	$2,150	$2.28	5d	1	0.20mi
3744 Hickory Ave Baltimore, MD	2.0	1.0	900	$1,900	$2.11	44d	1	0.21mi
3925 Beech Ave Unit 314 Baltimore, MD	2.0	2.0	1050	$1,950	$1.86	5d	1	0.30mi
4032 Falls Rd Baltimore, MD	2.0	1.0	1040	$1,645	$1.58	44d	1	0.31mi
4032 Falls Rd Unit 2 Baltimore, MD	2.0	1.0	1040	$1,650	$1.59	44d	1	0.31mi
505 W University Pkwy Unit D4 Baltimore, MD	1.0	1.0	700	$1,400	$2.00	5d	1	0.34mi
505 W University Pkwy Apt B22 Baltimore, MD	1.0	1.0	650	$1,400	$2.15	44d	1	0.34mi
3934 Flamingo Pl Baltimore, MD	1.0	1.0	638	$1,500	$2.35	5d	1	0.35mi
4014 Linkwood Rd Unit D Baltimore, MD	2.0	1.5	1001	$1,800	$1.80	44d	1	0.39mi
4233 Hickory Ave Baltimore, MD	2.0	1.0	650	$1,312	$2.02	24d	5	0.40mi
500 W University Pkwy Baltimore, MD	3.0	1.0–2.0	955	$2,537	$2.65	2d	60	0.42mi
1130 Falls Hill Dr Baltimore, MD	1.0–2.0	1.0	529	$1,350	$2.55	3d	8	0.48mi
3429 Chestnut Ave Unit 5 Baltimore, MD	2.0	2.5	900	$1,800	$2.00	24d	1	0.48mi
3429 Chestnut Ave Unit 2 Baltimore, MD	2.0	1.5	750	$1,899	$2.53	24d	1	0.48mi
112 W University Pkwy Unit 1335981P Baltimore, MD	1.0	1.0	624	$1,923	$3.08	15d	1	0.54mi
105 W 39th St Baltimore, MD	2.0	1.0	753	$2,250	$2.99	5d	1	0.54mi
612 Harding Pl Baltimore, MD	2.0	1.0	800	$2,200	$2.75	5d	1	0.60mi
3811 Canterbury Rd Baltimore, MD	2.0	1.0–2.0	975	$2,495	$2.56	13d	5	0.65mi
3100 Fallscliff Rd Baltimore, MD	2.0	1.0–2.0	729	$2,660	$3.65	3d	10	0.70mi
4412 La Plata Ave Baltimore, MD	1.0–2.0	1.0	650	$1,534	$2.36	3d	12	0.84mi
1 E University Pkwy Baltimore, MD	1.0–3.0	1.0–2.0	1045	$2,100	$2.01	5d	2	0.87mi
4411 Falls Bridge Dr Unit L Baltimore, MD	2.0	1.0	700	$1,395	$1.99	44d	1	0.89mi
2080 Rockrose Ave Unit 2080-201 Baltimore, MD	2.0	2.0	1080	$2,100	$1.94	24d	1	0.92mi
3501 Saint Paul St Baltimore, MD	3.0	1.0–2.5	916	$2,142	$2.34	2d	172	0.97mi
6 Upland Rd Unit Q3 Baltimore, MD	1.0	1.0	860	$2,800	$3.26	44d	1	1.08mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$2,690	$2.33	2d	31	1.09mi
3135 N Calvert St Baltimore, MD	1.0	1.0	1000	$1,450	$1.45	18d	1	1.13mi
2933 N Charles St Unit B Baltimore, MD	1.0	1.0	990	$1,700	$1.72	5d	1	1.15mi
3221 Guilford Ave Apt A Baltimore, MD	3.0	1.5	1025	$2,925	$2.85	18d	1	1.16mi
2800 Huntingdon Ave Unit A Baltimore, MD	1.0	1.0	715	$2,000	$2.80	44d	1	1.16mi
3130 Guilford Ave Apt B Baltimore, MD	2.0	1.0	700	$1,790	$2.56	18d	1	1.17mi
2938 Saint Paul St Baltimore, MD	1.0	1.0	610	$1,250	$2.05	24d	1	1.17mi
2938 Saint Paul St Baltimore, MD	1.0	1.0	750	$1,350	$1.80	44d	1	1.17mi
3126 Guilford Ave Apt A Baltimore, MD	2.0	1.0	700	$1,770	$2.53	4d	1	1.17mi
2752 Maryland Ave Unit 2ND FLOOR Baltimore, MD	2.0	1.0	900	$1,500	$1.67	18d	1	1.21mi
205 E 30th St Baltimore, MD	1.0	1.0	900	$1,450	$1.61	11d	1	1.24mi
18 W 27th St Baltimore, MD	1.0	1.0	680	$1,250	$1.84	44d	3	1.29mi
600 E 37th St Apt 1 Baltimore, MD	1.0	1.0	720	$1,360	$1.89	17d	1	1.32mi

Listing history 15 events

1. 2026-06-21
   days on market $75,000 Active 25 DOM
2. 2026-06-18
   days on market $75,000 Active 22 DOM
3. 2026-06-17
   pricedays on market $75,000 Active 21 DOM
4. 2026-06-16
   days on market $100,000 Active 20 DOM
5. 2026-06-15
   days on market $100,000 Active 19 DOM
6. 2026-06-13
   days on market $100,000 Active 17 DOM
7. 2026-06-09
   days on market $100,000 Active 13 DOM
8. 2026-06-08
   days on market $100,000 Active 12 DOM
9. 2026-06-07
   days on market $100,000 Active 11 DOM
10. 2026-06-04
    days on market $100,000 Active 8 DOM
11. 2026-06-03
    days on market $100,000 Active 7 DOM
12. 2026-06-02
    days on market $100,000 Active 6 DOM
13. 2026-06-01
    days on market $100,000 Active 5 DOM
14. 2026-05-31
    days on market $100,000 Active 4 DOM
15. 2026-05-27
    listed $100,000 Active

ⓘ 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: $2,218 · $185/mo
• Projected year-2 tax: $2,218 · $185/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) · 27% 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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,067
• − Mortgage interest: −$4,201
• − Property taxes: −$2,218
• − Insurance: −$375
• − Repairs & maintenance: −$1,925
• − Management: −$1,925
• − Depreciation: −$2,182
• Taxable income: $11,240
• Est. tax owed @ 24.0%: −$2,698
• After-tax cash flow: $9,002/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): 14,969
• Household income: $82,828
• Rent vs Own: 39.5% rent · 60.5% own
• Severe rent burden: 635.0

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 White (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 7% Hispanic / Latino 7% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% Chinese 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: ▼ -409.24%
• Current HPI: 458.2576
• Rent YoY: ▲ 4.32%
• 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

1 event — show timeline

• 2026-05-27 Listed $100,000 BRIGHT MLS

Property tax history

-2.5%/yr

Latest (2025): $2,218 · +4.9% YoY. Source: county tax records.