4907 Edgemere Ave · Baltimore, MD 21215

$95,000

2 bd · 1.0 ba · 1,080 sqft · Townhouse · 144 Days on market

Built 1920 $88/sqft · at area comps Est $96k · at est.

---

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 +8.1/15.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor alert! Park heights opportunity - trades roughed in, new roof and new windows installed, easy finish on this rehab with plenty of built in equity! Sold as is

Key facts

• New roof
• New windows
• Built 1920

Tags

• NEW ROOF
• NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $95k.

Deal economics

• At list price, monthly cash flow is $568 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.

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: Pimlico Elementary/Middle (math 0% / reading 11%, grade F, #759 of 860 statewide, top 88%, 741 students, 84% FRL, charter); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 64% FRL vs 79% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 42% at this address vs 12% district-wide (+30 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 (+2.4%/yr); 354 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

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 + 2.4% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 144 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 5 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 $43k; list at $95k implies a 121% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 144 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 1.57% ✓
• Cap rate: 13.47%
• Cash-on-cash: 25.63%
• DSCR: 2.14
• GRM: 5.3

CMA / ARV

• ARV (median comp): $96,365
• List price: $95,000
• Delta: -1.42%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4927 Edgemere Ave	0.03mi	2/1.0	1,080 (0%)	3mo	$95,000	$88	96
3824 Beehler Ave	0.33mi	3/1.5 (+1)	1,080 (0%)	3mo	$88,000	$81	75
5046 Chalgrove Ave	0.38mi	2/1.0	1,024 (-5%)	8mo	$51,400	$50	67
5329 Cordelia Ave	0.59mi	3/1.0 (+1)	1,080 (0%)	1mo	$105,000	$97	66
5010 Chalgrove Ave	0.35mi	2/1.0	1,190 (+10%)	5mo	$72,500	$61	63
2904 Virginia Ave	0.53mi	3/1.5 (+1)	1,116 (+3%)	2mo	$202,000	$181	61
3709 Columbus Dr	0.51mi	3/1.5 (+1)	1,200 (+11%)	0mo	$133,900	$112	50
2841 Oakford Ave	0.62mi	3/2.0 (+1)	1,044 (-3%)	8mo	$79,000	$76	50
3701 Columbus Dr	0.53mi	3/1.0 (+1)	1,200 (+11%)	4mo	$108,000	$90	49
3918 Dolfield Ave	0.55mi	3/1.5 (+1)	1,216 (+13%)	5mo	$200,000	$164	42
4541 The Strand	0.74mi	3/1.5 (+1)	1,152 (+7%)	8mo	$110,000	$95	41
3800 Hayward Ave	0.55mi	3/2.0 (+1)	1,224 (+13%)	6mo	$80,000	$65	38

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: 18.6%
• Equity multiple: 1.75×
• Total profit: $19,900
• Equity at exit: $14,165

10-year hold

• IRR: 26.6%
• Equity multiple: 3.27×
• Total profit: $60,323
• 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 21215

• Rents YoY: 2.4%
• Active inventory: 354
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,491 high
• Mortgage (P&I): −$498
• Tax from tax record: −$72 /mo · $861/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $568

Break-even live

Break-even rent $772

Max offer price $95,000

Occupancy floor 57%

Sensitivity live

Price	-10% $622	-5% $595	+0% $568	+5% $541	+10% $514
Rent	-10% $450	-5% $509	+0% $568	+5% $627	+10% $686
Rate	-1.0pp $616	-0.5pp $592	base $568	+0.5pp $543	+1.0pp $518

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
4828 Beaufort Ave Baltimore, MD	2.0	2.5	1200	$1,850	$1.54	25d	1	0.12mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	6d	1	0.22mi
3016 Thorndale Ave Baltimore, MD	1.0–3.0	1.0	700	$1,020	$1.46	6d	14	0.23mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	45d	1	0.26mi
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	45d	1	0.46mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	45d	1	0.48mi
5340 Maple Ave Baltimore, MD	2.0	1.0	1200	$1,950	$1.62	45d	1	0.53mi
3904 Penhurst Ave Baltimore, MD	2.0	1.0	760	$1,175	$1.55	45d	1	0.59mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	19d	1	0.62mi
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	25d	1	0.64mi
3908 Groveland Ave Apt F Baltimore, MD	2.0	1.0	815	$1,695	$2.08	45d	1	0.65mi
2824 Edgecombe Cir S Baltimore, MD	2.0	2.0	950	$1,475	$1.55	23d	1	0.66mi
4910 Poe Ave Unit 2 Baltimore, MD	2.0	1.0	750	$990	$1.32	25d	1	0.67mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	19d	1	0.68mi
4936 Lanier Ave Baltimore, MD	1.0–2.0	1.0	750	$1,370	$1.83	4d	5	0.74mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	25d	1	0.74mi
4714 Greenspring Ave Baltimore, MD	2.0	1.0	890	$1,295	$1.46	45d	1	0.76mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	25d	1	0.76mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	45d	1	0.82mi
4064 Edgewood Rd Unit 1ST FLOOR Baltimore, MD	1.0	1.0	1320	$1,460	$1.11	45d	1	0.87mi
4058 Edgewood Rd Unit 1 Baltimore, MD	1.0	1.0	800	$1,100	$1.38	25d	1	0.87mi
4101 Fernhill Ave Unit 2W Baltimore, MD	1.0	1.0	761	$1,200	$1.58	25d	1	0.88mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,175	$1.28	4d	4	0.89mi
4037 Edgewood Rd Unit 1 Baltimore, MD	2.0	1.0	726	$1,100	$1.52	45d	1	0.91mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	45d	1	0.96mi
4008 Hilton Rd Unit 1st Fl Baltimore, MD	2.0	1.0	750	$1,295	$1.73	45d	1	0.97mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	45d	1	0.98mi
2432 Everton Rd Unit 2435 A Baltimore, MD	2.0	1.5	1000	$1,500	$1.50	25d	1	1.04mi
3701 Garrison Blvd Unit 3 Baltimore, MD	2.0	1.0	820	$1,399	$1.71	25d	1	1.08mi
3822 Pall Mall Rd Baltimore, MD	3.0	1.5	1320	$1,875	$1.42	45d	1	1.11mi
3508 Grantley Rd Baltimore, MD	2.0	1.0	1250	$1,350	$1.08	25d	1	1.15mi
5902 Cross Country Blvd Baltimore, MD	1.0–2.0	1.0–2.0	785	$1,699	$2.16	6d	6	1.15mi
5902 Cross Country Blvd Baltimore, MD	2.0	2.0	720	$1,575	$2.19	25d	1	1.15mi
3600 Garrison Blvd Unit B3 Baltimore, MD	1.0	1.0	700	$1,099	$1.57	45d	1	1.16mi
3600 Garrison Blvd Unit T2 Baltimore, MD	2.0	1.0	750	$1,149	$1.53	25d	1	1.16mi
3600 Garrison Blvd Apt T1 Baltimore, MD	2.0	1.0	800	$1,125	$1.41	4d	1	1.16mi
2310 Sulgrave Ave Unit 3 Baltimore, MD	2.0	1.0	978	$1,700	$1.74	45d	1	1.24mi
2917 Rockrose Ave Unit 1 Baltimore, MD	1.0	1.0	938	$1,225	$1.31	45d	1	1.30mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$2,690	$2.33	3d	31	1.31mi
3617 Mohawk Ave Baltimore, MD	2.0	1.0	1000	$1,595	$1.59	45d	1	1.33mi

Listing history 25 events

1. 2026-06-21
   days on market $95,000 Active 144 DOM
2. 2026-06-18
   days on market $95,000 Active 141 DOM
3. 2026-06-17
   days on market $95,000 Active 140 DOM
4. 2026-06-16
   days on market $95,000 Active 139 DOM
5. 2026-06-15
   days on market $95,000 Active 138 DOM
6. 2026-06-13
   pricedays on market $95,000 Active 136 DOM
7. 2026-06-09
   days on market $99,900 Active 132 DOM
8. 2026-06-08
   days on market $99,900 Active 131 DOM
9. 2026-06-07
   days on market $99,900 Active 130 DOM
10. 2026-06-04
    days on market $99,900 Active 127 DOM
11. 2026-06-03
    days on market $99,900 Active 126 DOM
12. 2026-06-02
    days on market $99,900 Active 125 DOM
13. 2026-06-01
    days on market $99,900 Active 124 DOM
14. 2026-05-31
    days on market $99,900 Active 123 DOM
15. 2026-01-28
    listed $99,900 Active 166-char remark

    Show marketing remark (166 chars)

    Investor alert! Park heights opportunity - trades roughed in, new roof and new windows installed, easy finish on this rehab with plenty of built in equity! Sold as is

16. 2009-02-01
    historical
17. 2008-05-01
    status
18. 2008-05-01
    historical
19. 2007-11-13
    listed
20. 2007-08-25
    historical
21. 2007-03-28
    listed
22. 2005-06-15
    soldstatus $43,000
23. 2005-04-27
    historical
24. 2005-03-16
    listed $44,500
25. 1995-09-20
    soldstatus $10,200

ⓘ 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: $861 · $72/mo
• Projected year-2 tax: $948 · $79/mo
• Expected delta: +$87/yr (+$7/mo · 10.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,888
• − Mortgage interest: −$5,321
• − Property taxes: −$861
• − Insurance: −$475
• − Repairs & maintenance: −$1,431
• − Management: −$1,431
• − Depreciation: −$2,764
• Taxable income: $5,604
• Est. tax owed @ 24.0%: −$1,345
• After-tax cash flow: $5,472/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

+879.4% since first listed

11 events — show timeline

• 2026-01-28 Listed $99,900 BRIGHT MLS
• 2009-02-01 Delisted — MRIS
• 2008-05-01 Relisted — MRIS
• 2008-05-01 Delisted — MRIS
• 2007-11-13 Listed — MRIS
• 2007-08-25 Delisted — MRIS
• 2007-03-28 Listed — MRIS
• 2005-06-15 Sold (MLS) $43,000 MRIS
• 2005-04-27 Delisted — MRIS
• 2005-03-16 Listed $44,500 MRIS
• 1995-09-20 Sold (Public Records) $10,200 Public Records

Property tax history

+6.0%/yr

Latest (2025): $861 · +7.8% YoY. Source: county tax records.