3420 Lyndale Ave · Baltimore, MD 21213

$64,900

3 bd · 1.0 ba · 896 sqft · Townhouse public records · 70 Days on market

Built 1924 $72/sqft · 46% below area Est $120k · 46% under

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Why this score? — see what drove the A- 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
• 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

Listing remarks MLS

This two story porch front townhouse is located in the heart of the vibrant Four by Four neighborhood! Step inside to find a bright and welcoming living space with plenty of natural light. The dining room flows effortlessly into both the kitchen and living room. Step outside from the kitchen to a fenced backyard, presenting a wonderful opportunity to create your ideal outdoor oasis. Upstairs, you’ll find three comfortable bedrooms and a full bathroom. You will love the unfinished lower level as it gives you the opportunity to finish and create your own separate living space. Located near Clifton Park and the Erdman shopping center, this move-in-ready property is perfect for anyone looking to settle in a great neighborhood.

Key facts

• Near clifton park
• Fenced backyard
• Built 1924

Tags

• FENCED BACKYARD
• UNFINISHED LOWER LEVEL
• NEAR CLIFTON PARK
• NEAR ERDMAN SHOPPING CENTER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $65k.

Deal economics

• At list price, monthly cash flow is $792 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $61k (6.0% below list) — sets the bar for market timing.
• Cap rate 20.9% 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 (+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 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 $80 of equity ($449 loan paydown + $-369 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 $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1924 — 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 $61,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.63% ✓
• Cap rate: 20.93%
• Cash-on-cash: 52.27%
• DSCR: 3.33
• GRM: 3.2

CMA / ARV

• ARV (median comp): $120,446
• List price: $64,900
• Delta: -46.12%
• 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
3427 Ravenwood Ave	0.10mi	3/1.0	896 (0%)	0mo	$120,900	$135	95
3307 Elmora Ave	0.11mi	3/1.0	896 (0%)	3mo	$155,000	$173	92
3410 Elmora Ave	0.04mi	3/2.0	896 (0%)	4mo	$93,500	$104	91
3338 Elmora Ave	0.06mi	2/1.0 (-1)	896 (0%)	2mo	$149,500	$167	91
3224 Elmora Ave	0.14mi	3/1.0	896 (0%)	5mo	$82,000	$92	89
3315 Lyndale Ave	0.08mi	2/1.5 (-1)	896 (0%)	1mo	$145,000	$162	88
3215 Elmora Ave	0.16mi	4/1.5 (+1)	896 (0%)	5mo	$115,000	$128	81
3335 Lyndale Ave	0.05mi	4/3.0 (+1)	896 (0%)	5mo	$125,000	$140	80
3300 Elmley Ave	0.11mi	4/2.0 (+1)	952 (+6%)	5mo	$161,000	$169	71
3332 Brendan Ave	0.49mi	3/1.5	870 (-3%)	1mo	$128,000	$147	69
2709 E Hoffman St	0.72mi	2/1.0 (-1)	840 (-6%)	1mo	$115,000	$137	50
3912 Kenyon Ave	0.72mi	3/1.5	1,001 (+12%)	3mo	$120,000	$120	42

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: 55.7%
• Equity multiple: 3.80×
• Total profit: $50,849
• Equity at exit: $17,023

10-year hold

• IRR: 59.6%
• Equity multiple: 8.33×
• Total profit: $133,192
• Equity at exit: $19,059

Cash invested: $18,172 (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: 3.2×

Monthly cashflow live

• Estimated rent: $1,709 high
• Mortgage (P&I): −$340
• Tax from tax record: −$191 /mo · $2,290/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $792

Break-even live

Break-even rent $707

Max offer price $64,900

Occupancy floor 49%

Sensitivity live

Price	-10% $828	-5% $810	+0% $792	+5% $773	+10% $755
Rent	-10% $657	-5% $724	+0% $792	+5% $859	+10% $927
Rate	-1.0pp $824	-0.5pp $808	base $792	+0.5pp $775	+1.0pp $758

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.10mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.10mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.10mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.13mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.13mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.15mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.15mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.40mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.40mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.65mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.68mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.72mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	13d	1	0.72mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	22d	1	0.73mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.73mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	24d	1	0.76mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	44d	1	0.89mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.93mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	44d	1	0.95mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	1.00mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	3d	1	1.02mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	1.08mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	3d	1	1.12mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	1.13mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	44d	3	1.20mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	1.29mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	24d	1	1.29mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	5d	1	1.33mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	24d	1	1.35mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	44d	1	1.35mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	1.37mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	1.37mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	20d	2	1.39mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	44d	1	1.39mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	20d	1	1.39mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	20d	1	1.40mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	5d	1	1.40mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	1.41mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	24d	1	1.44mi
5305 Moravia Rd Baltimore, MD	3.0	1.0	679	$1,993	$2.93	2d	1	1.45mi

Listing history 32 events

1. 2026-06-18
   days on market $64,900 Active 70 DOM
2. 2026-06-17
   days on market $64,900 Active 69 DOM
3. 2026-06-16
   days on market $64,900 Active 68 DOM
4. 2026-06-15
   days on market $64,900 Active 67 DOM
5. 2026-06-13
   days on market $64,900 Active 65 DOM
6. 2026-06-09
   days on market $64,900 Active 61 DOM
7. 2026-06-08
   days on market $64,900 Active 60 DOM
8. 2026-06-07
   days on market $64,900 Active 59 DOM
9. 2026-06-04
   days on market $64,900 Active 56 DOM
10. 2026-06-03
    days on market $64,900 Active 55 DOM
11. 2026-06-02
    pricedays on market $64,900 Active 54 DOM
12. 2026-06-01
    days on market $69,900 Active 53 DOM
13. 2026-05-31
    days on market $69,900 Active 52 DOM
14. 2026-04-09
    listed $69,900 Active 738-char remark

    Show marketing remark (738 chars)

    This two story porch front townhouse is located in the heart of the vibrant Four by Four neighborhood! Step inside to find a bright and welcoming living space with plenty of natural light. The dining room flows effortlessly into both the kitchen and living room. Step outside from the kitchen to a fenced backyard, presenting a wonderful opportunity to create your ideal outdoor oasis. Upstairs, you’ll find three comfortable bedrooms and a full bathroom. You will love the unfinished lower level as it gives you the opportunity to finish and create your own separate living space. Located near Clifton Park and the Erdman shopping center, this move-in-ready property is perfect for anyone looking to settle in a great neighborhood.

15. 2021-12-31
    historical
16. 2021-05-13
    listed $70,000 Active
17. 2019-09-05
    historical
18. 2019-08-30
    status Active
19. 2019-04-06
    status Pending
20. 2019-02-20
    price $35,000
21. 2019-01-24
    status Active
22. 2019-01-22
    historical
23. 2019-01-22
    listed $40,000
24. 2007-07-30
    soldstatus $105,000
25. 2007-05-10
    soldstatus $55,000
26. 2004-12-17
    soldstatus $50,000
27. 2004-12-10
    soldstatus $50,000
28. 2004-10-29
    historical
29. 2004-06-02
    listed $54,900
30. 2002-02-26
    soldstatus $22,500
31. 2002-01-26
    historical
32. 2001-12-09
    listed $25,000

ⓘ 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: $2,290 · $191/mo
• Projected year-2 tax: $2,290 · $191/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: $20,502
• − Mortgage interest: −$3,635
• − Property taxes: −$2,290
• − Insurance: −$324
• − Repairs & maintenance: −$1,640
• − Management: −$1,640
• − Depreciation: −$1,888
• Taxable income: $9,084
• Est. tax owed @ 24.0%: −$2,180
• After-tax cash flow: $7,318/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

+179.6% since first listed

19 events — show timeline

• 2026-04-09 Listed $69,900 BRIGHT MLS
• 2021-12-31 Listing Removed — BRIGHT MLS
• 2021-05-13 Listed $70,000 BRIGHT MLS
• 2019-09-05 Listing Removed — BRIGHT MLS
• 2019-08-30 Relisted — BRIGHT MLS
• 2019-04-06 Pending — BRIGHT MLS
• 2019-02-20 Price Changed $35,000 BRIGHT MLS
• 2019-01-24 Relisted — BRIGHT MLS
• 2019-01-22 Listed $40,000 BRIGHT MLS
• 2019-01-22 Listing Removed — BRIGHT MLS
• 2007-07-30 Sold (Public Records) $105,000 Public Records
• 2007-05-10 Sold (Public Records) $55,000 Public Records
• 2004-12-17 Sold (Public Records) $50,000 Public Records
• 2004-12-10 Sold (MLS) $50,000 MRIS
• 2004-10-29 Delisted — MRIS
• 2004-06-02 Listed $54,900 MRIS
• 2002-02-26 Sold (MLS) $22,500 MRIS
• 2002-01-26 Delisted — MRIS
• 2001-12-09 Listed $25,000 MRIS

Property tax history

+1.1%/yr

Latest (2025): $2,290 · +4.8% YoY. Source: county tax records.