5116 Gwynn Oak Ave · Baltimore, MD 21207

$299,000

4 bd · 2.0 ba · 2,200 sqft · SingleFamily public records · 12 Days on market

Built 1920 7,500 sqft lot Est $348k · 14% under

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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).

• ARV discount +13.8/15.0
• Cash flow +10.8/30.0
• Appreciation +9.8/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• DSCR +3.1/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks

* * Investment Opportunity | Multi-Generational Living | Three Kitchens * * Rarely does a property offer this level of flexibility, income potential, and living space all under one roof. Whether you're seeking a smart owner-occupant investment, a multi-generational living arrangement, or the opportunity to offset your mortgage with rental income, this unique residence delivers endless possibilities. Featuring * * three separate kitchens * * spread throughout the home, the property is ideally suited for creating distinct living quarters for extended family members, adult children, guests, or tenants. Live comfortably in one section while generating income from the other two, creating

Key facts

• 7,500 sq ft lot
• Built 1920
• Listed 12 days

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric service for heating, cooling, and hot water
• Home design: Detached structure; Combination construction materials; Concrete perimeter foundation
• Construction: Combination construction; Concrete perimeter foundation; Above-grade and below-grade structures; Partially finished basement; Total below-grade area reported
• Exterior features: Front yard; Rear yard; Porches; Patios

Interior

• Kitchen: Refrigerator; Icemaker; Dishwasher; Gas range/oven; Built-in microwave; Upgraded countertops
• Bedrooms: Two bedrooms on the first upper level; One bedroom on the second upper level; One bedroom on the lower level
• Flooring: Carpet; Hardwood / wood floors
• Bathrooms: Three full bathrooms (two on upper levels, one on lower level)
• Heating & cooling: Heat pump(s); Central air conditioning; Electric heating and cooling; Electric hot water
• Interior features: Second kitchen; Attic; Tub with shower; Ceiling fan(s); Dining area; Traditional floor plan; Formal separate dining room; Upgraded countertops; Wood floors
• Laundry & utility: Washer in unit; Dryer in unit

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-139 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (8.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (21.5% below list).
• Recommended offer: $235k (21.5% below list) — sets the bar for 1% rule.

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: Calvin M. Rodwell Elementary/Middle (math 0% / reading 9%, grade F, #803 of 860 statewide, top 94%, 841 students, 75% 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 30% at this address vs 12% district-wide (+19 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); 131 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 42% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (9.5% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$49k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $234,577 (21.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.78% ✗
• Cap rate: 5.74%
• Cash-on-cash: -1.99%
• DSCR: 0.91
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $347,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2926 Silver Hill Ave	0.41mi	3/2.0 (-1)	2,088 (-5%)	6mo	$323,000	$155	62
3221 Milford Ave	0.18mi	5/2.0 (+1)	1,915 (-13%)	5mo	$289,000	$151	61
3016 Wayne Ave	0.23mi	3/2.0 (-1)	1,922 (-13%)	4mo	$245,000	$127	60
4127 Kathland Ave	0.70mi	3/2.5 (-1)	2,175 (-1%)	0mo	$421,000	$194	58
5514 Liberty Heights Ave	0.34mi	4/2.0	1,900 (-14%)	4mo	$338,000	$178	58
3815 N Rogers Ave	0.48mi	4/2.0	1,945 (-12%)	2mo	$320,000	$165	56
3809 N Rogers Ave	0.45mi	4/3.0	2,412 (+10%)	5mo	$330,000	$137	55
4900 Haddon Ave	0.40mi	4/3.5	2,470 (+12%)	6mo	$425,000	$172	50
5601 Groveland Ave	0.72mi	3/2.5 (-1)	2,118 (-4%)	6mo	$335,000	$158	49
4315 Springdale Ave	0.61mi	5/2.5 (+1)	1,928 (-12%)	1mo	$160,000	$83	43
4213 Springdale Ave	0.69mi	5/3.0 (+1)	2,002 (-9%)	3mo	$370,000	$185	41
3708 Mohawk Ave	0.64mi	5/4.0 (+1)	2,468 (+12%)	3mo	$375,000	$152	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

9.5% appreciation · 5.23% rent growth · sell at horizon

5-year hold

• IRR: 22.5%
• Equity multiple: 2.78×
• Total profit: $149,176
• Equity at exit: $258,518

10-year hold

• IRR: 20.8%
• Equity multiple: 6.44×
• Total profit: $455,738
• Equity at exit: $546,352

Cash invested: $83,720 (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 21207

• Home prices YoY: 1.1%
• Rents YoY: 5.2%
• Active inventory: 131
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,346 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$299 /mo · $3,593/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-139

Break-even live

Break-even rent $2,522

Max offer price $274,474

Occupancy floor —

Sensitivity live

Price	-10% $30	-5% $-54	+0% $-139	+5% $-223	+10% $-308
Rent	-10% $-324	-5% $-231	+0% $-139	+5% $-46	+10% $46
Rate	-1.0pp $12	-0.5pp $-63	base $-139	+0.5pp $-216	+1.0pp $-295

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3535 Flannery Ln Gwynn Oak, MD	3.0	1.5	1536	$2,000	$1.30	45d	1	0.60mi
4029 Fairview Ave Baltimore, MD	5.0	4.5	2653	$3,200	$1.21	45d	1	1.05mi

Listing history 9 events

1. 2026-06-17
   status $299,000 Pending 12 DOM
2. 2026-06-17
   days on market $299,000 Active 12 DOM
3. 2026-06-16
   days on market $299,000 Active 11 DOM
4. 2026-06-15
   days on market $299,000 Active 10 DOM
5. 2026-06-13
   days on market $299,000 Active 8 DOM
6. 2026-06-09
   days on market $299,000 Active 4 DOM
7. 2026-06-08
   days on market $299,000 Active 3 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $299,000 Active 2 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: $3,593 · $299/mo
• Projected year-2 tax: $3,593 · $299/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 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,149
• − Mortgage interest: −$16,749
• − Property taxes: −$3,593
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,252
• − Management: −$2,252
• − Depreciation: −$8,698
• Taxable loss: −$6,890
• Est. tax savings @ 24.0%: +$1,653
• After-tax cash flow: $-13/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 County · 769,527 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,099
• Household income: $67,060
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 2139.0

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 (78%)
• Race & ethnicity: Black 78% White 8% Hispanic / Latino 7% Two or more races 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Swedish 1%
• Foreign-born: 13% · Canada, Philippines, South Korea
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 1% Other Asian/Pacific 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: ▲ 9.50%
• Current HPI: 843.63
• Rent YoY: ▲ 5.23%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-06-06 Listed $299,000 BRIGHT MLS
• 2026-06-05 Coming Soon $299,000 BRIGHT MLS

Property tax history

+1.7%/yr

Latest (2025): $3,593 · +4.7% YoY. Source: county tax records.