3567 Elmora Ave · Baltimore, MD 21213

$247,900

4 bd · 2.0 ba · 1,472 sqft · Townhouse public records · 28 Days on market

Built 1950 1,903 sqft lot

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Why this score? — see what drove the D 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 +12.0/30.0
• ARV discount +7.5/15.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

LISTED AND SOLD SIMULTANEOUSLY

Key facts

• Fully renovated
• Updated kitchen
• Built 1950

Tags

• FULLY RENOVATED
• UPDATED KITCHEN
• FULLY FINISHED BASEMENT
• LARGE FENCED-IN REAR YARD

Property features AI

Finance

• Other: Above-grade finished area as reported by assessor; Below-grade finished and unfinished areas reported by assessor

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Block foundation; Above- and below-grade structures present; Year built as reported by assessor
• Exterior features: Located within city limits (Baltimore City); No tidal water on the lot

Interior

• Bedrooms: Three bedrooms on the main upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms (one upper level, one lower level)
• Heating & cooling: Forced air heating (natural gas); Cooling system: Other (uses natural gas)
• Interior features: Fully finished basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $248k.

Deal economics

• At list price, monthly cash flow is $-60 ($-726/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (21.2% below list).
• Recommended offer: $195k (21.2% 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: 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); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,952/mo this rent would consume 46% of the median local household income ($51k/yr) (locally 1868% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $306 of equity ($2k loan paydown + $-1k 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.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($244k) is reasonable based on typical stale-listing flexibility.
• 3 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 $88k; list at $248k implies a 182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $195,243 (21.2% 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 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.79% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.05%
• DSCR: 0.95
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $132,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3564 Elmora Ave	0.03mi	3/1.5 (-1)	1,478 (+0%)	1mo	$133,500	$90	90
3620 Erdman Ave	0.11mi	3/2.0 (-1)	1,600 (+9%)	2mo	$120,000	$75	74
3533 Elmley Ave	0.13mi	3/1.5 (-1)	1,344 (-9%)	1mo	$70,000	$52	71
3733 Ravenwood Ave	0.24mi	3/2.0 (-1)	1,350 (-8%)	1mo	$135,000	$100	70
3114 Mareco Ave	0.40mi	3/2.0 (-1)	1,410 (-4%)	2mo	$125,000	$89	68
2846 Lake Ave	0.57mi	4/2.5	1,455 (-1%)	2mo	$235,000	$162	68
3444 Belair Rd	0.55mi	3/2.0 (-1)	1,428 (-3%)	2mo	$131,000	$92	62
3571 Dudley Ave	0.53mi	3/2.0 (-1)	1,400 (-5%)	1mo	$175,000	$125	62
3406 Ramona Ave	0.63mi	3/2.0 (-1)	1,408 (-4%)	0mo	$85,000	$60	58
1411 Kenhill Ave	0.68mi	4/2.0	1,356 (-8%)	1mo	$240,000	$177	54
2902 Clifton Park Ter	0.57mi	3/1.5 (-1)	1,344 (-9%)	1mo	$66,000	$49	52
1418 N Linwood Ave	0.66mi	3/1.0 (-1)	1,356 (-8%)	0mo	$90,000	$66	47

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: -4.1%
• Equity multiple: 0.81×
• Total profit: $-13,165
• Equity at exit: $65,022

10-year hold

• IRR: 3.8%
• Equity multiple: 1.41×
• Total profit: $28,157
• Equity at exit: $72,800

Cash invested: $69,412 (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: 10.6×

Monthly cashflow live

• Estimated rent: $1,952 high
• Mortgage (P&I): −$1,300
• Tax from tax record: −$200 /mo · $2,395/yr
• Insurance: −$103
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $-60

Break-even live

Break-even rent $2,029

Max offer price $237,219

Occupancy floor 98%

Sensitivity live

Price	-10% $80	-5% $10	+0% $-60	+5% $-131	+10% $-201
Rent	-10% $-215	-5% $-138	+0% $-60	+5% $17	+10% $94
Rate	-1.0pp $64	-0.5pp $3	base $-60	+0.5pp $-125	+1.0pp $-190

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: $61,975
• Closing costs: $7,437
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	19d	1	0.11mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	45d	1	0.12mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	21d	1	0.12mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	25d	1	0.14mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	45d	1	0.30mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	12d	1	0.31mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	45d	1	0.32mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	25d	1	0.35mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	25d	1	0.35mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	45d	1	0.36mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.43mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	25d	1	0.43mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	45d	1	0.48mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	45d	1	0.52mi
3203 Clarence Ave Baltimore, MD	5.0	1.0	1388	$1,865	$1.34	45d	1	0.59mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	45d	1	0.59mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	45d	1	0.62mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	5d	1	0.63mi
3573 Shannon Dr Baltimore, MD	4.0	2.0	1493	$2,300	$1.54	19d	1	0.63mi
1403 N Linwood Ave Baltimore, MD	3.0	2.0	1660	$1,995	$1.20	45d	1	0.63mi
3300 Dudley Ave Baltimore, MD	4.0	2.0	1724	$2,200	$1.28	45d	1	0.64mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	25d	1	0.65mi
4116 Raymonn Ave Baltimore, MD	3.0	1.5	1244	$1,950	$1.57	45d	1	0.69mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	25d	1	0.69mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	45d	1	0.69mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	45d	1	0.70mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	25d	1	0.72mi
2621 E Oliver St Baltimore, MD	3.0	2.0	1600	$1,700	$1.06	25d	1	0.75mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	4d	1	0.75mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	12d	1	0.82mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	45d	1	0.83mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	45d	1	0.85mi
2706 E Biddle St Baltimore, MD	3.0	2.0	1577	$1,395	$0.88	45d	1	0.86mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	25d	1	0.93mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	5d	1	1.03mi
809 N Curley St Baltimore, MD	3.0	1.0	1746	$1,400	$0.80	23d	1	1.04mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	45d	1	1.07mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	4d	1	1.07mi
724 N Curley St Baltimore, MD	3.0	3.0	1500	$2,200	$1.47	5d	1	1.10mi
718 N Curley St Baltimore, MD	3.0	3.0	1500	$2,000	$1.33	5d	1	1.10mi

Listing history 19 events

1. 2026-06-17
   status $247,900 Pending 28 DOM
2. 2026-06-16
   days on market $247,900 Active 28 DOM
3. 2026-06-15
   days on market $247,900 Active 27 DOM
4. 2026-06-13
   pricedays on market $247,900 Active 25 DOM
5. 2026-06-09
   days on market $249,900 Active 21 DOM
6. 2026-06-08
   days on market $249,900 Active 20 DOM
7. 2026-06-07
   days on market $249,900 Active 19 DOM
8. 2026-06-04
   days on market $249,900 Active 16 DOM
9. 2026-06-03
   days on market $249,900 Active 15 DOM
10. 2026-06-02
    days on market $249,900 Active 14 DOM
11. 2026-06-01
    days on market $249,900 Active 13 DOM
12. 2026-05-31
    days on market $249,900 Active 12 DOM
13. 2026-05-19
    listed $249,900 Active
14. 2007-07-17
    historical
15. 2007-05-15
    listed
16. 2005-10-20
    soldstatus $88,000
17. 2005-09-30
    soldstatus $88,000 30-char remark

    Show marketing remark (30 chars)

    LISTED AND SOLD SIMULTANEOUSLY

18. 2005-08-30
    historical 30-char remark

    Show marketing remark (30 chars)

    LISTED AND SOLD SIMULTANEOUSLY

19. 2005-08-30
    listed $92,000 30-char remark

    Show marketing remark (30 chars)

    LISTED AND SOLD SIMULTANEOUSLY

ⓘ 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: $2,395 · $200/mo
• Projected year-2 tax: $2,549 · $212/mo
• Expected delta: +$154/yr (+$13/mo · 6.4%)

ⓘ 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 8/10 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: $23,429
• − Mortgage interest: −$13,886
• − Property taxes: −$2,395
• − Insurance: −$1,240
• − Repairs & maintenance: −$1,874
• − Management: −$1,874
• − Depreciation: −$7,212
• Taxable loss: −$5,052
• Est. tax savings @ 24.0%: +$1,212
• After-tax cash flow: $487/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

+171.6% since first listed

7 events — show timeline

• 2026-05-19 Listed $249,900 BRIGHT MLS
• 2007-07-17 Delisted — MRIS
• 2007-05-15 Listed — MRIS
• 2005-10-20 Sold (Public Records) $88,000 Public Records
• 2005-09-30 Sold (MLS) $88,000 MRIS
• 2005-08-30 Listed $92,000 MRIS
• 2005-08-30 Delisted — MRIS

Property tax history

-1.0%/yr

Latest (2024): $2,395 · +610.9% YoY. Source: county tax records.