3215 Elmora Ave · Baltimore, MD 21213

$153,000

3 bd · 1.0 ba · 896 sqft · Townhouse public records · 14 Days on market

Built 1925 1,264 sqft lot Est $132k · 16% over

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Why this score? — see what drove the C- 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 +21.7/30.0
• DSCR +6.9/10.0
• 1% rule +6.2/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.2/15.0

Listing remarks MLS

This is Good Neighbor Next Door- LOTTERY HUD Case number 244-302825. This beautiful home is ready to be brought back to life. The property includes 3 spacious bedrooms, and 1 and a half baths in the Four by Four Community. Enjoy a large front and backyard and a personal parking pad. Property is listed as IE (Insured Escrow- will qualify for FHA with repair escrow subject to appraisal) Buyer responsible for payment of transfer tax/ any and all inspections, violations and verify ground rent seller will not redeem. HUD makes no representations or warranties as to property condition. No repairs are allowed prior to settlement. "Equal housing Opportunity

Key facts

• New kitchen
• New washer and dryer
• Recent roof

Tags

• RECENT ROOF
• NEW WINDOWS
• NEW KITCHEN
• NEW SS KITCHEN APPLIANCES
• NEW WASHER AND DRYER
• RECENT BATHROOMS

Property features AI

Finance

• Other: Total below-grade finished area estimated at 448; Above-grade finished area listed as 896; Year built source: Assessor; Income/expense note: Annual ground rent
• Financial info: Ground rent exists ($90, semi-annually); Improvement assessed value and other tax details not included per instructions

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: Interior townhouse/rowhouse; Condition listed as excellent; Ownership includes ground rent
• Construction: Brick construction; Block and brick/mortar foundation; Structure type: Interior townhouse/rowhouse; Above-grade and below-grade structures
• Exterior features: In city limits (Baltimore City); Directions: Belair Road South, left on Lyndale Avenue, right on St. Cloud Avenue, right on Elmora Avenue; house on the left

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Fully finished basement; Living room; Family room
• Laundry & utility: Laundry area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $153k.

Deal economics

• At list price, monthly cash flow is $234 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $153k).
• Cap rate 8.1% 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; 40 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 40% 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 $189 of equity ($1k loan paydown + $-869 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 $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 21y 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 $115k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $153,000

Questions for the listing agent

1. Built in 1925 — 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: 1.12% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.55%
• DSCR: 1.29
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $131,712
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3307 Elmora Ave	0.05mi	3/1.0	896 (0%)	3mo	$155,000	$173	95
3224 Elmora Ave	0.03mi	3/1.0	896 (0%)	5mo	$82,000	$92	94
3427 Ravenwood Ave	0.16mi	3/1.0	896 (0%)	0mo	$120,900	$135	92
3215 Elmora Ave	0.00mi	4/1.5 (+1)	896 (0%)	5mo	$115,000	$128	89
3338 Elmora Ave	0.11mi	2/1.0 (-1)	896 (0%)	2mo	$149,500	$167	89
3315 Lyndale Ave	0.08mi	2/1.5 (-1)	896 (0%)	1mo	$145,000	$162	88
3410 Elmora Ave	0.14mi	3/2.0	896 (0%)	4mo	$93,500	$104	86
3335 Lyndale Ave	0.11mi	4/3.0 (+1)	896 (0%)	5mo	$125,000	$140	78
3300 Elmley Ave	0.11mi	4/2.0 (+1)	952 (+6%)	5mo	$161,000	$169	71
3332 Brendan Ave	0.65mi	3/1.5	870 (-3%)	1mo	$128,000	$147	62
2709 E Hoffman St	0.62mi	2/1.0 (-1)	840 (-6%)	1mo	$115,000	$137	55
1532 N Patterson Park Ave	0.66mi	3/2.0	984 (+10%)	6mo	$199,000	$202	44

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: 5.2%
• Equity multiple: 1.24×
• Total profit: $10,421
• Equity at exit: $40,130

10-year hold

• IRR: 12.9%
• Equity multiple: 2.43×
• Total profit: $61,205
• Equity at exit: $44,931

Cash invested: $42,840 (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: 7.4×

Monthly cashflow live

• Estimated rent: $1,715 high
• Mortgage (P&I): −$802
• Tax from tax record: −$254 /mo · $3,053/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $234

Break-even live

Break-even rent $1,418

Max offer price $153,000

Occupancy floor 81%

Sensitivity live

Price	-10% $321	-5% $277	+0% $234	+5% $191	+10% $147
Rent	-10% $99	-5% $166	+0% $234	+5% $302	+10% $369
Rate	-1.0pp $311	-0.5pp $273	base $234	+0.5pp $194	+1.0pp $154

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: $38,250
• Closing costs: $4,590
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.03mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.04mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.08mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.08mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.09mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.11mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.13mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.52mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.54mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.57mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.57mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.64mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.69mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.69mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.80mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.84mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.85mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.91mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	24d	1	0.94mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	1.02mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	1.03mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	1.04mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	44d	1	1.12mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	5d	1	1.17mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	1.18mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	3d	1	1.19mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	24d	1	1.21mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	1.24mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	20d	2	1.25mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	21d	1	1.25mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	1.26mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	1.26mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	44d	1	1.26mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	24d	1	1.26mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	44d	1	1.29mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	5d	1	1.30mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	21d	1	1.30mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	24d	1	1.36mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	24d	1	1.36mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	44d	3	1.37mi

Listing history 9 events

1. 2026-06-18
   days on market $153,000 Active 14 DOM
2. 2026-06-17
   days on market $153,000 Active 13 DOM
3. 2026-06-16
   days on market $153,000 Active 12 DOM
4. 2026-06-15
   days on market $153,000 Active 11 DOM
5. 2026-06-13
   days on market $153,000 Active 9 DOM
6. 2026-06-09
   days on market $153,000 Active 5 DOM
7. 2026-06-08
   days on market $153,000 Active 4 DOM
8. 2026-06-07
   remarks 679-char remark
9. 2026-06-07
   listed $153,000 Active 3 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: $3,053 · $254/mo
• Projected year-2 tax: $3,053 · $254/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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,575
• − Mortgage interest: −$8,570
• − Property taxes: −$3,053
• − Insurance: −$765
• − Repairs & maintenance: −$1,646
• − Management: −$1,646
• − Depreciation: −$4,451
• Taxable income: $443
• Est. tax owed @ 24.0%: −$106
• After-tax cash flow: $2,701/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

+146.8% since first listed

27 events — show timeline

• 2026-06-04 Listed $153,000 BRIGHT MLS
• 2026-02-10 Sold (Public Records) $115,000 Public Records
• 2026-01-20 Listed $115,000 BRIGHT MLS
• 2026-01-20 Sold (MLS) $115,000 BRIGHT MLS
• 2025-10-19 Listing Removed — BRIGHT MLS
• 2025-09-17 Listed $115,000 BRIGHT MLS
• 2025-09-17 Coming Soon — BRIGHT MLS
• 2024-10-11 Listing Removed — BRIGHT MLS
• 2024-08-02 Price Changed $145,000 BRIGHT MLS
• 2024-08-01 Price Changed $130,000 BRIGHT MLS
• 2024-06-25 Listing Removed — BRIGHT MLS
• 2024-06-25 Listed $145,000 BRIGHT MLS
• 2024-05-24 Contingent — BRIGHT MLS
• 2024-04-28 Price Changed $115,000 BRIGHT MLS
• 2024-04-19 Price Changed $135,000 BRIGHT MLS
• 2024-03-29 Price Changed $160,000 BRIGHT MLS
• 2024-03-29 Listed $160,000 BRIGHT MLS
• 2024-03-16 Coming Soon — BRIGHT MLS
• 2022-08-01 Sold (Public Records) $145,000 Public Records
• 2022-06-10 Sold (MLS) $145,000 BRIGHT MLS
• 2022-05-01 Pending — BRIGHT MLS
• 2022-05-01 Contingent — BRIGHT MLS
• 2022-04-27 Listed $145,000 BRIGHT MLS
• 2007-06-12 Sold (Public Records) $90,000 Public Records
• 2005-08-23 Delisted — MRIS
• 2005-07-22 Listed — MRIS
• 2004-05-05 Sold (Public Records) $62,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $3,053 · +0.0% YoY. Source: county tax records.