5105 Chalgrove Ave · Baltimore, MD 21215

$139,000

3 bd · 1.0 ba · 1,260 sqft · Townhouse public records · 67 Days on market

Built 1937 $110/sqft · 35% above area Est $103k · 35% over

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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).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

New Price Reduction! Welcome Home! This property is great for first time home buyers or investors looking to add your rental portfolio or start your new rental portfolio. Enjoy this spacious 3 bedroom 1 bath. It has been freshly painted throughout the whole house, new luxury vinyl flooring throughout including the basement and new carpet on the stairs. The kitchen features new cabinets, countertops, stainless steel appliances and a breakfast nook that overlooks the dining area where you can add additional seating. It has a nice size basement for entertainment and lounging or design it to make it your own oasis. Large back yard that can be used for rear parking. Close to Sinai Hospital and Pimlico Racetrack, easy access to I-695 and I-83. This is a 1031 exchange sale. Agents bring your clients! Owners will entertain all reasonable offers.

Key facts

• Built 1937
• Listed 67 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $139k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $131k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.8% 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 (+2.4%/yr); 351 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 41% 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).
• This rent runs 42% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y ago; this cycle's ask has dropped $31k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $139k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1937 — 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 $130,659 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 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 1937 — 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: 1.28% ✓
• Cap rate: 10.83%
• Cash-on-cash: 16.22%
• DSCR: 1.72
• GRM: 6.5

CMA / ARV

• ARV (median comp): $103,288
• List price: $139,000
• Delta: 34.57%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3015 Spaulding Ave	0.10mi	3/1.5	1,300 (+3%)	5mo	$80,000	$62	84
5010 Chalgrove Ave	0.08mi	2/1.0 (-1)	1,190 (-6%)	5mo	$72,500	$61	78
4911 Queensberry Ave	0.14mi	4/1.5 (+1)	1,390 (+10%)	2mo	$155,000	$112	67
4912 Palmer Ave	0.23mi	3/2.0	1,400 (+11%)	1mo	$60,000	$43	66
3026 Virginia Ave	0.40mi	3/1.0	1,442 (+14%)	3mo	$75,000	$52	54
2361 Sundew Ter #2361	0.72mi	3/2.5	1,298 (+3%)	3mo	$181,000	$139	52
2904 Virginia Ave	0.53mi	3/1.5	1,116 (-11%)	2mo	$202,000	$181	52
4927 Edgemere Ave	0.41mi	2/1.0 (-1)	1,080 (-14%)	3mo	$95,000	$88	50
5118 Nelson Ave	0.70mi	3/2.0	1,386 (+10%)	3mo	$219,000	$158	44
5329 Cordelia Ave	0.70mi	3/1.0	1,080 (-14%)	1mo	$105,000	$97	42
3824 Beehler Ave	0.74mi	3/1.5	1,080 (-14%)	3mo	$88,000	$81	37
3716 Beehler Ave	0.61mi	4/4.0 (+1)	1,445 (+15%)	3mo	$265,000	$183	28

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

Projected returns pro-forma

-3.0% appreciation · 2.41% rent growth · sell at horizon

5-year hold

• IRR: 6.6%
• Equity multiple: 1.25×
• Total profit: $9,906
• Equity at exit: $20,725

10-year hold

• IRR: 15.4%
• Equity multiple: 2.22×
• Total profit: $47,414
• Equity at exit: $12,018

Cash invested: $38,920 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,785 high
• Mortgage (P&I): −$729
• Tax from tax record: −$97 /mo · $1,167/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $526

Break-even live

Break-even rent $1,119

Max offer price $139,000

Occupancy floor 66%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	43d	1	0.03mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	43d	1	0.34mi
5340 Maple Ave Baltimore, MD	2.0	1.0	1200	$1,950	$1.62	43d	1	0.40mi
4828 Beaufort Ave Baltimore, MD	2.0	2.5	1200	$1,850	$1.54	23d	1	0.56mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	43d	1	0.60mi
2432 Everton Rd Unit 2435 A Baltimore, MD	2.0	1.5	1000	$1,500	$1.50	23d	1	0.61mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	4d	1	0.66mi
4714 Greenspring Ave Baltimore, MD	2.0	1.0	890	$1,295	$1.46	43d	1	0.70mi
2824 Edgecombe Cir S Baltimore, MD	2.0	2.0	950	$1,475	$1.55	21d	1	0.75mi
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	23d	1	0.78mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	17d	1	0.78mi
2310 Sulgrave Ave Unit 3 Baltimore, MD	2.0	1.0	978	$1,700	$1.74	43d	1	0.79mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	23d	1	0.88mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	23d	1	0.89mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,325	$1.44	2d	4	0.91mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	23d	1	0.94mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,979	$2.37	2d	7	0.98mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	17d	1	1.02mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	43d	1	1.05mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	43d	1	1.12mi
2900 Taney Rd Apt 1A Baltimore, MD	2.0	2.0	1200	$1,600	$1.33	23d	1	1.15mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	43d	1	1.22mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$3,505	$3.04	1d	31	1.24mi
3822 Pall Mall Rd Baltimore, MD	3.0	1.5	1320	$1,875	$1.42	43d	1	1.36mi
103 Cross Keys Rd Unit R103D2 Baltimore, MD	2.0	2.0	1157	$2,000	$1.73	23d	1	1.42mi
6317 Pearce Ave Baltimore, MD	2.0	2.0	1140	$1,600	$1.40	43d	1	1.43mi
6310 Greenspring Ave Baltimore, MD	2.0–3.0	1.5–2.0	1080	$1,940	$1.80	2d	6	1.46mi

Listing history 27 events

1. 2026-06-18
   days on market $139,000 Active 67 DOM
2. 2026-06-17
   days on market $139,000 Active 66 DOM
3. 2026-06-16
   days on market $139,000 Active 65 DOM
4. 2026-06-15
   days on market $139,000 Active 64 DOM
5. 2026-06-13
   days on market $139,000 Active 62 DOM
6. 2026-06-09
   days on market $139,000 Active 58 DOM
7. 2026-06-08
   days on market $139,000 Active 57 DOM
8. 2026-06-07
   days on market $139,000 Active 56 DOM
9. 2026-06-04
   days on market $139,000 Active 53 DOM
10. 2026-06-03
    days on market $139,000 Active 52 DOM
11. 2026-06-02
    days on market $139,000 Active 51 DOM
12. 2026-06-02
    price $139,000 Active 50 DOM
13. 2026-06-01
    days on market $149,000 Active 50 DOM
14. 2026-05-31
    days on market $149,000 Active 49 DOM
15. 2026-05-13
    price $149,000 850-char remark

    Show marketing remark (850 chars)

    New Price Reduction! Welcome Home! This property is great for first time home buyers or investors looking to add your rental portfolio or start your new rental portfolio. Enjoy this spacious 3 bedroom 1 bath. It has been freshly painted throughout the whole house, new luxury vinyl flooring throughout including the basement and new carpet on the stairs. The kitchen features new cabinets, countertops, stainless steel appliances and a breakfast nook that overlooks the dining area where you can add additional seating. It has a nice size basement for entertainment and lounging or design it to make it your own oasis. Large back yard that can be used for rear parking. Close to Sinai Hospital and Pimlico Racetrack, easy access to I-695 and I-83. This is a 1031 exchange sale. Agents bring your clients! Owners will entertain all reasonable offers.

16. 2026-04-12
    listed $169,999 Active 850-char remark

    Show marketing remark (850 chars)

    New Price Reduction! Welcome Home! This property is great for first time home buyers or investors looking to add your rental portfolio or start your new rental portfolio. Enjoy this spacious 3 bedroom 1 bath. It has been freshly painted throughout the whole house, new luxury vinyl flooring throughout including the basement and new carpet on the stairs. The kitchen features new cabinets, countertops, stainless steel appliances and a breakfast nook that overlooks the dining area where you can add additional seating. It has a nice size basement for entertainment and lounging or design it to make it your own oasis. Large back yard that can be used for rear parking. Close to Sinai Hospital and Pimlico Racetrack, easy access to I-695 and I-83. This is a 1031 exchange sale. Agents bring your clients! Owners will entertain all reasonable offers.

17. 2021-09-20
    soldstatus $75,000
18. 2021-06-24
    soldstatus $75,000 Closed 369-char remark

    Show marketing remark (369 chars)

    Perfect home to build your rental portfolio located near Pimlico Race Track. Wall-to-wall carpet thorough out this spacious house with ample amount of space. The kitchen features a breakfast nook that overlooks the dining and adds additional seating if needed. Large back yard that can be used for rear parking. Currently rented for $925. Photos before tenant occupancy

19. 2021-06-04
    status Pending 369-char remark

    Show marketing remark (369 chars)

    Perfect home to build your rental portfolio located near Pimlico Race Track. Wall-to-wall carpet thorough out this spacious house with ample amount of space. The kitchen features a breakfast nook that overlooks the dining and adds additional seating if needed. Large back yard that can be used for rear parking. Currently rented for $925. Photos before tenant occupancy

20. 2021-05-15
    listed $80,000 Active 369-char remark

    Show marketing remark (369 chars)

    Perfect home to build your rental portfolio located near Pimlico Race Track. Wall-to-wall carpet thorough out this spacious house with ample amount of space. The kitchen features a breakfast nook that overlooks the dining and adds additional seating if needed. Large back yard that can be used for rear parking. Currently rented for $925. Photos before tenant occupancy

21. 2006-05-17
    soldstatus $69,000
22. 2005-12-21
    historical
23. 2005-10-04
    listed
24. 2005-02-28
    soldstatus $37,800
25. 2005-02-16
    historical
26. 2004-12-03
    listed $44,000
27. 1985-01-23
    soldstatus $29,500

ⓘ 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: $1,167 · $97/mo
• Projected year-2 tax: $1,341 · $112/mo
• Expected delta: +$174/yr (+$14/mo · 14.9%)

ⓘ 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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,420
• − Mortgage interest: −$7,786
• − Property taxes: −$1,167
• − Insurance: −$695
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$4,044
• Taxable income: $4,301
• Est. tax owed @ 24.0%: −$1,032
• After-tax cash flow: $5,280/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 (73%)
• Race & ethnicity: Black 73% White 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+405.1% since first listed

13 events — show timeline

• 2026-05-13 Price Changed $149,000 BRIGHT MLS
• 2026-04-12 Listed $169,999 BRIGHT MLS
• 2021-09-20 Sold (Public Records) $75,000 Public Records
• 2021-06-24 Sold (MLS) $75,000 BRIGHT MLS
• 2021-06-04 Pending — BRIGHT MLS
• 2021-05-15 Listed $80,000 BRIGHT MLS
• 2006-05-17 Sold (Public Records) $69,000 Public Records
• 2005-12-21 Delisted — MRIS
• 2005-10-04 Listed — MRIS
• 2005-02-28 Sold (MLS) $37,800 MRIS
• 2005-02-16 Delisted — MRIS
• 2004-12-03 Listed $44,000 MRIS
• 1985-01-23 Sold (Public Records) $29,500 Public Records

Property tax history

-2.4%/yr

Latest (2025): $1,167 · +18.3% YoY. Source: county tax records.