3215 Ravenwood Ave · Baltimore, MD 21213

$114,700

3 bd · 1.0 ba · 896 sqft · Townhouse public records · 73 Days on market

Built 1920 $128/sqft · 8% above area Est $106k · 8% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.7/10.0
• ARV discount +3.9/15.0
• 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

Perfect for First-Time Homebuyers or Savvy Investors! Welcome to 3215 Ravenwood Ave, a charming 3-bedroom, 1-bathroom brick rowhome located in the sought-after Four By Four section of Belair-Edison. This home offers a solid foundation and incredible potential for those looking to build equity or add a reliable performer to their rental portfolio. Property Highlights: Classic Baltimore Architecture: Timeless brick exterior with a welcoming front porch and elevated street presence. Functional Layout: A total of 6 rooms, including three well-proportioned bedrooms on the upper level. Location, Location, Location: You are just minutes away from the amenities of Belair Road and the green spaces of Clifton Park. Don’t miss this opportunity to own a piece of East Baltimore at an unbeatable price point.

Key facts

• Front porch
• Green spaces
• Brick rowhome

Tags

• BRICK ROWHOME
• FRONT PORCH
• ELEVATED STREET PRESENCE
• CLASSIC BALTIMORE ARCHITECTURE
• GREEN SPACES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $115k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Zoned-school proficiency averages 32% at this address vs 12% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• 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 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• In year one you build about $142 of equity ($793 loan paydown + $-651 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 $32k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $38k; list at $115k implies a 202% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $107,818 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.50% ✓
• Cap rate: 12.49%
• Cash-on-cash: 22.14%
• DSCR: 1.99
• GRM: 5.6

CMA / ARV

• ARV (median comp): $106,272
• List price: $114,700
• Delta: 7.93%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3307 Elmora Ave	0.07mi	3/1.0	896 (0%)	3mo	$155,000	$173	95
3224 Elmora Ave	0.06mi	3/1.0	896 (0%)	5mo	$82,000	$92	93
3427 Ravenwood Ave	0.16mi	3/1.0	896 (0%)	0mo	$120,900	$135	92
3338 Elmora Ave	0.12mi	2/1.0 (-1)	896 (0%)	2mo	$149,500	$167	88
3315 Lyndale Ave	0.11mi	2/1.5 (-1)	896 (0%)	1mo	$145,000	$162	87
3215 Elmora Ave	0.04mi	4/1.5 (+1)	896 (0%)	5mo	$115,000	$128	87
3410 Elmora Ave	0.15mi	3/2.0	896 (0%)	4mo	$93,500	$104	86
3335 Lyndale Ave	0.13mi	4/3.0 (+1)	896 (0%)	5mo	$125,000	$140	77
3300 Elmley Ave	0.15mi	4/2.0 (+1)	952 (+6%)	5mo	$161,000	$169	70
3332 Brendan Ave	0.68mi	3/1.5	870 (-3%)	1mo	$128,000	$147	61
2709 E Hoffman St	0.58mi	2/1.0 (-1)	840 (-6%)	1mo	$115,000	$137	57
1532 N Patterson Park Ave	0.63mi	3/2.0	984 (+10%)	6mo	$199,000	$202	46

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: 22.9%
• Equity multiple: 2.10×
• Total profit: $35,356
• Equity at exit: $30,085

10-year hold

• IRR: 29.0%
• Equity multiple: 4.37×
• Total profit: $108,259
• Equity at exit: $33,684

Cash invested: $32,116 (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: 5.6×

Monthly cashflow live

• Estimated rent: $1,721 high
• Mortgage (P&I): −$601
• Tax from tax record: −$117 /mo · $1,409/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $593

Break-even live

Break-even rent $971

Max offer price $114,700

Occupancy floor 61%

Sensitivity live

Price	-10% $658	-5% $625	+0% $593	+5% $560	+10% $528
Rent	-10% $457	-5% $525	+0% $593	+5% $661	+10% $729
Rate	-1.0pp $650	-0.5pp $622	base $593	+0.5pp $563	+1.0pp $533

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: $28,675
• Closing costs: $3,441
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	25d	1	0.09mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	25d	1	0.09mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	25d	1	0.11mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	19d	1	0.11mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	19d	1	0.12mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	45d	1	0.12mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	45d	1	0.12mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	45d	1	0.47mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	25d	1	0.51mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	25d	1	0.53mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	25d	1	0.57mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	45d	1	0.58mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	14d	1	0.62mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	23d	1	0.62mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	25d	1	0.79mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	45d	1	0.85mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	25d	1	0.87mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	25d	1	0.89mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	25d	1	0.96mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	4d	1	0.97mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	45d	1	1.01mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	45d	1	1.05mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	45d	1	1.11mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	45d	1	1.13mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	6d	1	1.17mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	21d	2	1.19mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	22d	1	1.19mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	16d	1	1.19mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	45d	1	1.19mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	25d	1	1.20mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	45d	1	1.20mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	45d	1	1.20mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	45d	1	1.22mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	6d	1	1.23mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	4d	1	1.23mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	22d	1	1.24mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	25d	1	1.26mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	25d	1	1.29mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	25d	1	1.29mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	45d	1	1.30mi

Listing history 24 events

1. 2026-06-21
   days on market $114,700 Active 73 DOM
2. 2026-06-18
   days on market $114,700 Active 70 DOM
3. 2026-06-17
   days on market $114,700 Active 69 DOM
4. 2026-06-16
   days on market $114,700 Active 68 DOM
5. 2026-06-15
   days on market $114,700 Active 67 DOM
6. 2026-06-13
   days on market $114,700 Active 65 DOM
7. 2026-06-09
   days on market $114,700 Active 61 DOM
8. 2026-06-08
   days on market $114,700 Active 60 DOM
9. 2026-06-07
   days on market $114,700 Active 59 DOM
10. 2026-06-04
    days on market $114,700 Active 56 DOM
11. 2026-06-03
    days on market $114,700 Active 55 DOM
12. 2026-06-02
    days on market $114,700 Active 54 DOM
13. 2026-06-01
    days on market $114,700 Active 53 DOM
14. 2026-05-31
    days on market $114,700 Active 52 DOM
15. 2026-04-09
    listed $114,700 Active 811-char remark

    Show marketing remark (811 chars)

    Perfect for First-Time Homebuyers or Savvy Investors! Welcome to 3215 Ravenwood Ave, a charming 3-bedroom, 1-bathroom brick rowhome located in the sought-after Four By Four section of Belair-Edison. This home offers a solid foundation and incredible potential for those looking to build equity or add a reliable performer to their rental portfolio. Property Highlights: Classic Baltimore Architecture: Timeless brick exterior with a welcoming front porch and elevated street presence. Functional Layout: A total of 6 rooms, including three well-proportioned bedrooms on the upper level. Location, Location, Location: You are just minutes away from the amenities of Belair Road and the green spaces of Clifton Park. Don’t miss this opportunity to own a piece of East Baltimore at an unbeatable price point.

16. 2020-09-16
    soldstatus $38,000 Closed 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

17. 2020-06-13
    status Pending 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

18. 2020-06-05
    price $38,000 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

19. 2020-04-27
    price $45,000 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

20. 2020-04-27
    status Active 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

21. 2020-02-28
    price $40,000 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

22. 2020-02-28
    status Pending 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

23. 2020-01-30
    listed $45,000 Active 222-char remark

    Show marketing remark (222 chars)

    Terrific home for a first time home buyer or investor. Easy commute to downtown. Close to shopping centers and markets. Home features hardwood flooring, nice back yard, and new water heater. Take a look at this home today!

24. 1989-10-13
    soldstatus $37,000

ⓘ 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: $1,409 · $117/mo
• Projected year-2 tax: $1,409 · $117/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: $20,649
• − Mortgage interest: −$6,425
• − Property taxes: −$1,409
• − Insurance: −$574
• − Repairs & maintenance: −$1,652
• − Management: −$1,652
• − Depreciation: −$3,337
• Taxable income: $5,600
• Est. tax owed @ 24.0%: −$1,344
• After-tax cash flow: $5,768/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

+210.0% since first listed

10 events — show timeline

• 2026-04-09 Listed $114,700 BRIGHT MLS
• 2020-09-16 Sold (MLS) $38,000 BRIGHT MLS
• 2020-06-13 Pending — BRIGHT MLS
• 2020-06-05 Price Changed $38,000 BRIGHT MLS
• 2020-04-27 Price Changed $45,000 BRIGHT MLS
• 2020-04-27 Relisted — BRIGHT MLS
• 2020-02-28 Price Changed $40,000 BRIGHT MLS
• 2020-02-28 Pending — BRIGHT MLS
• 2020-01-30 Listed $45,000 BRIGHT MLS
• 1989-10-13 Sold (Public Records) $37,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $1,409 · +15.4% YoY. Source: county tax records.