4112 Woodhaven Ave · Baltimore, MD 21216

$134,900

3 bd · 2.0 ba · 1,200 sqft · Townhouse public records · 23 Days on market

Built 1948 2,200 sqft lot Est $220k · 39% 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).

• Cash flow +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +6.2/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This colonial-style townhouse, built in 1948, is situated in the desirable Windsor Hills subdivision. The property features a classic brick exterior, enhancing its curb appeal and durability. The lot spans approximately 0.05 acres, offering both a front yard and a rear yard, ideal for outdoor activities or gardening. The exterior is complemented by a front porch, which is great for morning coffee or relaxation. On the other hand, the interior features laminate plank flooring, combining aesthetic appeal with practicality. The kitchen with custom-made wood cabinetry, granite countertops and appliances, is a nice place for cooking enthusiasts. Adjacent to the kitchen is the spacious dining roo

Key facts

• Brick exterior
• Spacious dining room
• Front porch

Tags

• BRICK EXTERIOR
• FRONT PORCH
• LAMINATE PLANK FLOORING
• CUSTOM-MADE WOOD CABINETRY
• GRANITE COUNTERTOPS
• SPACIOUS DINING ROOM

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Interior townhouse/rowhouse; Level entry at main
• Construction: Brick construction; Concrete perimeter foundation; Above grade and below grade structures
• Exterior features: Front yard; Rear yard; Sidewalks; Street lights; Porch(es)

Interior

• Kitchen: Kitchen with space for a table
• Bedrooms: Three bedrooms on the first upper level
• Flooring: Laminate plank flooring; Ceramic tile flooring
• Bathrooms: One full bathroom (all upper levels)
• Heating & cooling: Radiator heating; Natural gas hot water and primary fuel
• Interior features: Tub with shower; Dining area; Kitchen with table space; Wood trim or wood features; Drywall, paneled and plaster walls; Partially finished basement with interior access, connecting stairway and windows
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $135k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 (+6.1%/yr); 252 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); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% of the median local income ($42k/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 $933 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 + 6.1% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 $132,876 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 8.12%
• Cash-on-cash: 6.54%
• DSCR: 1.29
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $219,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3929 Duvall Ave	0.09mi	3/2.5	1,248 (+4%)	6mo	$270,000	$216	82
4145 Fairfax Rd	0.06mi	4/2.0 (+1)	1,260 (+5%)	5mo	$230,500	$183	80
4104 Fairfax Rd	0.06mi	4/3.0 (+1)	1,200 (0%)	18mo	$240,000	$200	73
4120 Norfolk Ave	0.25mi	3/1.0	1,216 (+1%)	14mo	$60,800	$50	71
4013 Norfolk Ave	0.24mi	3/2.0	1,140 (-5%)	17mo	$165,000	$145	67
4119 Fairview Ave	0.17mi	4/2.0 (+1)	1,340 (+12%)	3mo	$235,000	$175	65
2914 Chelsea Ter	0.19mi	3/2.0	1,327 (+11%)	14mo	$258,000	$194	62
4227 Norfolk Ave	0.26mi	3/2.5	1,280 (+7%)	16mo	$142,000	$111	61
4222 Bonner Rd	0.18mi	3/1.5	1,380 (+15%)	9mo	$155,000	$112	57
4002 Woodhaven Ave	0.11mi	4/3.5 (+1)	1,354 (+13%)	13mo	$268,000	$198	51
3425 Liberty Heights Ave	0.67mi	4/2.5 (+1)	1,320 (+10%)	6mo	$75,000	$57	40
3411 Liberty Heights Ave	0.70mi	3/3.5	1,360 (+13%)	5mo	$258,000	$190	35

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-3,822
• Equity at exit: $20,114

10-year hold

• IRR: 10.4%
• Equity multiple: 1.93×
• Total profit: $35,108
• Equity at exit: $11,664

Cash invested: $37,772 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,516 high
• Mortgage (P&I): −$707
• Tax from tax record: −$228 /mo · $2,741/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $206

Break-even live

Break-even rent $1,256

Max offer price $134,900

Occupancy floor 81%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4309 Norfolk Ave Unit 1st Floor Baltimore, MD	2.0	1.0	1470	$1,500	$1.02	11d	1	0.27mi
4515 Fairfax Rd Baltimore, MD	2.0	1.0	700	$1,250	$1.79	23d	1	0.30mi
2700 Roslyn Ave Unit 5 Baltimore, MD	2.0	1.0	800	$1,500	$1.88	17d	1	0.42mi
2700 Roslyn Ave Unit 8 Baltimore, MD	2.0	1.0	800	$1,500	$1.88	4d	1	0.42mi
2905 Garrison Blvd Unit 21 Baltimore, MD	2.0	1.0	800	$1,175	$1.47	43d	1	0.47mi
2220 Lyndhurst Ave Unit 1 Baltimore, MD	2.0	1.0	900	$1,175	$1.31	23d	1	0.49mi
4738 Wakefield Rd Baltimore, MD	2.0	1.0	884	$1,200	$1.36	23d	1	0.52mi
3915 Liberty Heights Ave Gwynn Oak, MD	1.0–2.0	1.0–2.0	680	$1,345	$1.98	12d	5	0.53mi
2601 Garrison Blvd Baltimore, MD	2.0	1.0	750	$1,175	$1.57	21d	2	0.53mi
3416 Alto Rd Unit 21 Baltimore, MD	2.0	1.0	700	$1,175	$1.68	43d	1	0.55mi
3403 Carlisle Ave Apt 1 Baltimore, MD	2.0	1.0	1100	$1,600	$1.45	11d	1	0.58mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	14d	1	0.67mi
2103 Chelsea Ter Unit 1 Baltimore, MD	2.0	2.0	1500	$2,200	$1.47	14d	1	0.67mi
3600 Garrison Blvd Apt T1 Baltimore, MD	2.0	1.0	800	$1,125	$1.41	2d	1	0.69mi
3600 Garrison Blvd Unit T2 Baltimore, MD	2.0	1.0	750	$1,149	$1.53	23d	1	0.69mi
3514 Clifton Ave Baltimore, MD	2.0	1.0	925	$1,199	$1.30	43d	1	0.75mi
3514 Clifton Ave Unit 21 Baltimore, MD	2.0	1.0	925	$1,150	$1.24	43d	1	0.75mi
3407 Elgin Ave Unit 5 Baltimore, MD	2.0	1.0	800	$1,250	$1.56	43d	1	0.75mi
3701 Garrison Blvd Unit 3 Baltimore, MD	2.0	1.0	820	$1,399	$1.71	23d	1	0.76mi
3508 Grantley Rd Baltimore, MD	2.0	1.0	1250	$1,350	$1.08	23d	1	0.81mi
2742 N Rosedale St Baltimore, MD	3.0	1.0	1024	$1,350	$1.32	43d	2	0.86mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	17d	1	0.87mi
3615 Mohawk Ave Gwynn Oak, MD	2.0	1.0	1000	$1,610	$1.61	43d	1	0.87mi
3617 Mohawk Ave Baltimore, MD	2.0	1.0	1000	$1,595	$1.59	43d	1	0.88mi
3001 Carlisle Ave Baltimore, MD	3.0	1.0	1024	$1,300	$1.27	43d	1	0.89mi
2738 N Longwood St Baltimore, MD	3.0	1.0	1024	$1,399	$1.37	43d	1	0.91mi
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	23d	1	0.91mi
5009 Norwood Ave Gwynn Oak, MD	2.0	1.0	800	$1,150	$1.44	43d	1	0.97mi
3017 Poplar Ter Baltimore, MD	2.0	1.0	880	$1,349	$1.53	23d	1	1.03mi
5006 Windsor Mill Rd Baltimore, MD	1.0–3.0	1.0–2.0	776	$1,899	$2.45	2d	18	1.08mi
3601 Howard Park Ave Unit 2 Baltimore, MD	3.0	1.0	1000	$1,650	$1.65	43d	1	1.09mi
4998 W Forest Park Ave Baltimore, MD	3.0	1.0–2.0	790	$1,875	$2.37	14d	15	1.11mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	43d	1	1.24mi
4103 Stokes Dr Apt 1 Baltimore, MD	2.0	1.0	725	$1,095	$1.51	43d	1	1.24mi
3727 Milford Ave Gwynn Oak, MD	3.0	1.0	900	$1,450	$1.61	43d	1	1.24mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	2d	3	1.25mi
4008 Hilton Rd Unit 1st Fl Baltimore, MD	2.0	1.0	750	$1,295	$1.73	43d	1	1.25mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	43d	1	1.27mi
5136 Oaklawn Rd Gwynn Oak, MD	1.0–3.0	1.0	896	$1,710	$1.91	1d	22	1.30mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	43d	1	1.31mi

Listing history 22 events

1. 2026-06-18
   days on market $134,900 Active 23 DOM
2. 2026-06-17
   days on market $134,900 Active 22 DOM
3. 2026-06-16
   days on market $134,900 Active 21 DOM
4. 2026-06-15
   days on market $134,900 Active 20 DOM
5. 2026-06-13
   days on market $134,900 Active 18 DOM
6. 2026-06-09
   days on market $134,900 Active 14 DOM
7. 2026-06-08
   days on market $134,900 Active 13 DOM
8. 2026-06-07
   days on market $134,900 Active 12 DOM
9. 2026-06-04
   days on market $134,900 Active 9 DOM
10. 2026-06-03
    days on market $134,900 Active 8 DOM
11. 2026-06-02
    days on market $134,900 Active 7 DOM
12. 2026-06-01
    days on market $134,900 Active 6 DOM
13. 2026-05-31
    days on market $134,900 Active 5 DOM
14. 2026-05-27
    listed $134,900 Active
15. 2026-02-04
    historical
16. 2025-12-06
    listed $154,900 Active
17. 2025-11-05
    price $164,900
18. 2025-11-05
    historical
19. 2025-08-14
    listed $169,900 Active
20. 2023-05-19
    soldstatus $185,000
21. 2023-05-05
    soldstatus $85,000
22. 2023-01-31
    soldstatus $56,966

ⓘ 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: $2,741 · $228/mo
• Projected year-2 tax: $2,741 · $228/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: $18,194
• − Mortgage interest: −$7,556
• − Property taxes: −$2,741
• − Insurance: −$674
• − Repairs & maintenance: −$1,456
• − Management: −$1,456
• − Depreciation: −$3,924
• Taxable income: $387
• Est. tax owed @ 24.0%: −$93
• After-tax cash flow: $2,376/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

+136.8% since first listed

9 events — show timeline

• 2026-05-27 Listed $134,900 BRIGHT MLS
• 2026-02-04 Listing Removed — BRIGHT MLS
• 2025-12-06 Listed $154,900 BRIGHT MLS
• 2025-11-05 Price Changed $164,900 BRIGHT MLS
• 2025-11-05 Listing Removed — BRIGHT MLS
• 2025-08-14 Listed $169,900 BRIGHT MLS
• 2023-05-19 Sold (Public Records) $185,000 Public Records
• 2023-05-05 Sold (Public Records) $85,000 Public Records
• 2023-01-31 Sold (Public Records) $56,966 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,741 · +0.0% YoY. Source: county tax records.