2913 Fleetwood Ave · Baltimore, MD 21214

$95,000

3 bd · 1.0 ba · 1,178 sqft · Townhouse public records · 6 Days on market

Built 1926 3,500 sqft lot

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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
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

COMING SOON! PHOTOS TO BE UPLOADED ON FRIDAY, MAY 22ND. PROPERTY IN NEED OF FULL RENOVATION.

Key facts

• Built 1926
• Listed 6 days

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Semi-detached property; Flat roof
• Construction: Aluminum siding; Other foundation
• Exterior features: No tidal water

Interior

• Kitchen: Dishwasher; Electric oven/range; Refrigerator
• Basement: Basement with outside entrance; Unfinished basement space
• Bedrooms: Three bedrooms on the upper level
• Flooring: Wood floors
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Radiator heating (natural gas); Ceiling fans for cooling
• Interior features: Kitchen with table space; Dining area; Window treatments; Wood floors; Traditional floor plan
• Laundry & utility: Washer; Dryer; Natural gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $95k.

Deal economics

• At list price, monthly cash flow is $709 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Cap rate 15.3% 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: 96 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k 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 + 3.0% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 11y 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.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1926 — 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 $95,000

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.94% ✓
• Cap rate: 15.25%
• Cash-on-cash: 32.00%
• DSCR: 2.42
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $204,972
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2913 Fleetwood Ave	0.00mi	3/1.5	1,178 (0%)	0mo	$95,000	$81	98
3156 Woodring Ave	0.48mi	3/2.0	1,200 (+2%)	4mo	$200,000	$167	67
2910 Clearview Ave	0.69mi	2/2.0 (-1)	1,240 (+5%)	1mo	$205,000	$165	49
3316 E Northern Pkwy	0.62mi	3/1.5	1,080 (-8%)	9mo	$250,000	$231	48
3209 Northway Dr	0.50mi	2/1.5 (-1)	1,280 (+9%)	10mo	$195,000	$152	47
3302 Northern Pkwy E	0.57mi	3/1.5	1,350 (+15%)	1mo	$235,000	$174	46
3240 Northway Dr	0.58mi	3/2.0	1,024 (-13%)	2mo	$259,499	$253	46
6205 Catalpha Rd	0.73mi	3/1.5	1,160 (-2%)	22mo	$225,000	$194	43
3412 Mary Ave	0.71mi	3/2.0	1,240 (+5%)	14mo	$242,000	$195	42
2812 Clearview	0.69mi	3/3.0	1,240 (+5%)	22mo	$209,000	$169	32
3618 Bellevale Ave	0.71mi	3/2.0	1,350 (+15%)	18mo	$220,000	$163	23
3321 Orlando Ave	0.75mi	3/2.0	1,352 (+15%)	17mo	$240,000	$178	22

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.0%
• Equity multiple: 2.12×
• Total profit: $29,865
• Equity at exit: $14,165

10-year hold

• IRR: 34.6%
• Equity multiple: 4.18×
• Total profit: $84,518
• Equity at exit: $8,214

Cash invested: $26,600 (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 21214

• Active inventory: 96
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,845 high
• Mortgage (P&I): −$498
• Tax from tax record: −$210 /mo · $2,523/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $709

Break-even live

Break-even rent $947

Max offer price $95,000

Occupancy floor 57%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3010 Woodring Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,600	$1.78	43d	1	0.29mi
2804 Christopher Ave Baltimore, MD	3.0	2.5	1280	$2,200	$1.72	23d	1	0.39mi
6612 Birchwood Ave Baltimore, MD	3.0	2.0	1122	$2,300	$2.05	19d	1	0.46mi
3158 Woodring Ave Parkville, MD	3.0	1.5	1500	$1,950	$1.30	23d	1	0.48mi
2423 Wellbridge Dr Baltimore, MD	1.0–2.0	1.0	675	$1,325	$1.96	20d	1	0.60mi
6212 Laurelton Ave Baltimore, MD	2.0	1.0	960	$1,325	$1.38	43d	1	0.63mi
5600 Birchwood Ave Unit 2 Baltimore, MD	2.0	1.0	850	$1,600	$1.88	43d	1	0.68mi
2604 Hamilton Ave Apt 2 Baltimore, MD	2.0	1.0	850	$1,195	$1.41	43d	1	0.73mi
6502 McClean Blvd Baltimore, MD	2.0	1.0	925	$1,537	$1.66	43d	1	0.75mi
2805 Hamilton Ave Baltimore, MD	4.0	2.0	1416	$2,300	$1.62	43d	1	0.76mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	43d	7	0.76mi
3108 Glendale Ave Parkville, MD	3.0	3.0	1224	$2,550	$2.08	23d	1	0.78mi
3014 Hamilton Ave Unit 1 Baltimore, MD	2.0	1.0	850	$1,575	$1.85	23d	1	0.81mi
3033 Hamilton Ave Unit 1R Baltimore, MD	2.0	1.0	720	$1,195	$1.66	4d	1	0.83mi
6502 McClean Blvd Unit 2211-B3 Baltimore, MD	2.0	1.0	925	$1,495	$1.62	21d	1	0.86mi
3607 Bayonne Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,300	$1.44	23d	1	0.92mi
2106 Cloville Ave Baltimore, MD	3.0	1.5	1080	$1,700	$1.57	43d	1	0.93mi
3021 Echodale Ave Unit 2 Baltimore, MD	2.0	1.0	750	$999	$1.33	43d	1	1.00mi
2525 Wendover Rd Unit B Parkville, MD	2.0	1.0	730	$1,650	$2.26	43d	1	1.02mi
3807 Fleetwood Ave Unit 1 Baltimore, MD	2.0	1.0	969	$1,490	$1.54	4d	1	1.07mi
3807 Fleetwood Ave Unit 2 Baltimore, MD	3.0	1.0	937	$1,550	$1.65	4d	1	1.07mi
6624 Pioneer Dr Baltimore, MD	1.0–3.0	1.0	706	$1,647	$2.33	43d	1	1.10mi
7202 Sindall Rd Unit 7202 Parkville, MD	3.0	1.0	1350	$1,850	$1.37	43d	1	1.12mi
1629 Wentworth Ave Parkville, MD	3.0	1.5	1152	$1,895	$1.64	43d	1	1.18mi
2900 Ailsa Ave Apt 2 Baltimore, MD	3.0	1.0	1300	$1,750	$1.35	4d	1	1.20mi
5906 Benton Heights Ave Baltimore, MD	2.0	1.0	780	$1,350	$1.73	43d	1	1.20mi
1610 Wentworth Ave Parkville, MD	3.0	1.0	1024	$1,900	$1.86	43d	1	1.21mi
1806 Ramblewood Rd Apt A Baltimore, MD	2.0	2.0	903	$1,847	$2.05	43d	1	1.23mi
2807 Shirey Ave Baltimore, MD	4.0	3.0	1190	$2,500	$2.10	14d	1	1.29mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	43d	1	1.29mi
7839 Birmingham Ave Parkville, MD	3.0	1.0	1136	$1,775	$1.56	43d	1	1.31mi
35-C Mopec Cir Nottingham, MD	2.0	1.0	1100	$1,445	$1.31	2d	10	1.34mi
2077 Woodbourne Ave Baltimore, MD	1.0–2.0	1.0	830	$1,419	$1.71	1d	5	1.37mi
1900 Ramblewood Rd Apt A Baltimore, MD	2.0	2.0	903	$1,847	$2.05	43d	1	1.37mi
5424 Belle Vista Ave Baltimore, MD	2.0	1.0	932	$1,300	$1.39	43d	1	1.38mi
4902 Gilray Dr Baltimore, MD	3.0	2.0	776	$2,400	$3.09	23d	1	1.39mi
1908 E Belvedere Ave Baltimore, MD	4.0	2.0	1425	$1,950	$1.37	19d	1	1.41mi
1376 Halstead Rd Parkville, MD	3.0	1.0	1440	$2,400	$1.67	23d	1	1.43mi
8204 Old Harford Rd Unit 2 Parkville, MD	2.0	1.0	1146	$1,850	$1.61	43d	1	1.43mi
8206 Old Harford Rd Unit 1 Parkville, MD	2.0	1.0	1146	$1,750	$1.53	43d	1	1.44mi

Listing history 13 events

1. 2026-05-22
   listed $95,000 Active
2. 2026-05-19
   historical $95,000
3. 2017-11-01
   historical Expired
4. 2017-01-03
   listed Active
5. 2017-01-02
   listed $89,900 Active
6. 2016-06-03
   historical
7. 2016-06-03
   historical
8. 2016-06-02
   status Active
9. 2016-05-31
   historical Expired
10. 2016-03-10
    price
11. 2016-02-02
    price
12. 2015-11-30
    listed Active
13. 2015-11-30
    listed $89,900

ⓘ 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: $2,523 · $210/mo
• Projected year-2 tax: $2,523 · $210/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 ≥104°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 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,137
• − Mortgage interest: −$5,321
• − Property taxes: −$2,523
• − Insurance: −$475
• − Repairs & maintenance: −$1,771
• − Management: −$1,771
• − Depreciation: −$2,764
• Taxable income: $7,512
• Est. tax owed @ 24.0%: −$1,803
• After-tax cash flow: $6,709/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): 21,092
• Household income: $86,366
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 432.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 58% White 33% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Italian 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 93% 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: ▼ -211.52%
• Current HPI: 310.5637
• Rent YoY: —
• 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

+5.7% since first listed

13 events — show timeline

• 2026-05-22 Listed $95,000 BRIGHT MLS
• 2026-05-19 Coming Soon $95,000 BRIGHT MLS
• 2017-11-01 Delisted — MRIS
• 2017-01-03 Listed — MRIS
• 2017-01-02 Listed $89,900 BRIGHT MLS
• 2016-06-03 Delisted — MRIS
• 2016-06-03 Listing Removed — BRIGHT MLS
• 2016-06-02 Relisted — MRIS
• 2016-05-31 Delisted — MRIS
• 2016-03-10 Price Changed — MRIS
• 2016-02-02 Price Changed — MRIS
• 2015-11-30 Listed — MRIS
• 2015-11-30 Listed $89,900 BRIGHT MLS

Property tax history

+0.0%/yr

Latest (2025): $2,523 · +11.7% YoY. Source: county tax records.