3226 Lyndale Ave · Baltimore, MD 21213

$159,950

3 bd · 1.0 ba · 1,020 sqft · Townhouse public records · 4 Days on market

Built 1923 Est $150k · 7% over

---

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 +22.5/30.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• 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

GREAT OPPORTUNITY! Great investment property. Rented and tentant would like to stay and write long term lease. QUALIFIED SECTION 8 HOUSING; PARKING PAD IN REAR; GREAT FOR INVESTOR OR COULD USE FOR ONE FAMILY!

Key facts

• Built 1923
• Listed 4 days

Property features AI

Exterior

• Parking: On-street parking; Off-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Permanent foundation; Above-grade and below-grade structures; Built year recorded by assessor
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Unfinished basement; Living area recorded by assessor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 8.3% 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 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 41% 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 $197 of equity ($1k loan paydown + $-909 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 $45k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 20y ago; this cycle's ask is 113% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $60k; list at $160k implies a 167% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $159,950

Questions for the listing agent

1. Built in 1923 — 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: 1.09% ✓
• Cap rate: 8.32%
• Cash-on-cash: 7.24%
• DSCR: 1.32
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $149,940
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3236 Lyndale Ave	0.01mi	3/1.0	1,080 (+6%)	2mo	$161,855	$150	88
3217 Ravenwood Ave	0.10mi	3/1.0	1,046 (+2%)	4mo	$125,000	$120	88
3307 Elmora Ave	0.07mi	3/1.0	896 (-12%)	3mo	$155,000	$173	74
3427 Ravenwood Ave	0.17mi	3/1.0	896 (-12%)	0mo	$120,900	$135	72
3238 Ravenwood Ave	0.08mi	3/1.5	1,158 (+14%)	0mo	$70,000	$60	71
3315 Lyndale Ave	0.05mi	2/1.5 (-1)	896 (-12%)	1mo	$145,000	$162	69
3338 Elmora Ave	0.09mi	2/1.0 (-1)	896 (-12%)	2mo	$149,500	$167	69
3802 Lyndale Ave	0.66mi	2/1.5 (-1)	1,050 (+3%)	1mo	$160,000	$152	57
3131 Chesterfield Ave	0.69mi	2/1.0 (-1)	1,068 (+5%)	1mo	$75,000	$70	54
3805 Elmora Ave	0.68mi	3/2.0	1,096 (+8%)	1mo	$11,700	$11	51
3316 Cardenas Ave	0.47mi	2/1.0 (-1)	1,150 (+13%)	2mo	$63,000	$55	50
3332 Brendan Ave	0.60mi	3/1.5	870 (-15%)	1mo	$128,000	$147	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: 5.9%
• Equity multiple: 1.28×
• Total profit: $12,378
• Equity at exit: $41,953

10-year hold

• IRR: 13.4%
• Equity multiple: 2.49×
• Total profit: $66,772
• Equity at exit: $46,972

Cash invested: $44,786 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,748 high
• Mortgage (P&I): −$839
• Tax from tax record: −$205 /mo · $2,464/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $270

Break-even live

Break-even rent $1,406

Max offer price $159,950

Occupancy floor 80%

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: $39,988
• Closing costs: $4,798
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	43d	1	0.01mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	23d	1	0.03mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	12d	1	0.03mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	23d	1	0.05mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	17d	1	0.09mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	43d	1	0.09mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	43d	1	0.10mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	23d	1	0.11mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	23d	1	0.11mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	23d	1	0.13mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	43d	1	0.14mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	17d	1	0.17mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.34mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.50mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.53mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	43d	1	0.54mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	23d	1	0.55mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	17d	1	0.56mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	43d	1	0.56mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	43d	1	0.57mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	2d	1	0.63mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	23d	1	0.63mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	43d	1	0.65mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	23d	1	0.66mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	43d	1	0.67mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	23d	1	0.71mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	43d	1	0.75mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	12d	1	0.75mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	21d	1	0.75mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	43d	1	0.76mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	43d	1	0.79mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	23d	1	0.80mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	43d	1	0.81mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	23d	1	0.82mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	23d	1	0.83mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	43d	1	0.88mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	23d	1	0.88mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	23d	1	0.91mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	43d	1	0.94mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	23d	1	0.94mi

Listing history 12 events

1. 2026-06-02
   status $159,950 Pending 4 DOM
2. 2026-06-01
   days on market $159,950 Active 4 DOM
3. 2026-05-31
   days on market $159,950 Active 3 DOM
4. 2026-05-26
   historical $159,950
5. 2023-06-28
   soldstatus $60,000
6. 2022-07-18
   historical
7. 2022-07-02
   listed $75,000 Active
8. 2007-04-09
   soldstatus $103,000
9. 2007-02-16
   soldstatus $103,000 208-char remark

   Show marketing remark (208 chars)

   GREAT OPPORTUNITY! Great investment property. Rented and tentant would like to stay and write long term lease. QUALIFIED SECTION 8 HOUSING; PARKING PAD IN REAR; GREAT FOR INVESTOR OR COULD USE FOR ONE FAMILY!

10. 2007-01-22
    historical 208-char remark

    Show marketing remark (208 chars)

    GREAT OPPORTUNITY! Great investment property. Rented and tentant would like to stay and write long term lease. QUALIFIED SECTION 8 HOUSING; PARKING PAD IN REAR; GREAT FOR INVESTOR OR COULD USE FOR ONE FAMILY!

11. 2006-04-09
    listed $107,575 208-char remark

    Show marketing remark (208 chars)

    GREAT OPPORTUNITY! Great investment property. Rented and tentant would like to stay and write long term lease. QUALIFIED SECTION 8 HOUSING; PARKING PAD IN REAR; GREAT FOR INVESTOR OR COULD USE FOR ONE FAMILY!

12. 1993-10-07
    soldstatus $20,000

ⓘ 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: $2,464 · $205/mo
• Projected year-2 tax: $2,464 · $205/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: $20,975
• − Mortgage interest: −$8,960
• − Property taxes: −$2,464
• − Insurance: −$800
• − Repairs & maintenance: −$1,678
• − Management: −$1,678
• − Depreciation: −$4,653
• Taxable income: $743
• Est. tax owed @ 24.0%: −$178
• After-tax cash flow: $3,063/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

+699.8% since first listed

9 events — show timeline

• 2026-05-26 Coming Soon $159,950 BRIGHT MLS
• 2023-06-28 Sold (Public Records) $60,000 Public Records
• 2022-07-18 Listing Removed — BRIGHT MLS
• 2022-07-02 Listed $75,000 BRIGHT MLS
• 2007-04-09 Sold (Public Records) $103,000 Public Records
• 2007-02-16 Sold (MLS) $103,000 MRIS
• 2007-01-22 Delisted — MRIS
• 2006-04-09 Listed $107,575 MRIS
• 1993-10-07 Sold (Public Records) $20,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $2,464 · +4.9% YoY. Source: county tax records.