3327 Elmley Ave · Baltimore, MD 21213

$119,500

3 bd · 1.0 ba · 896 sqft · Townhouse public records · 99 Days on market

Built 1924 1,098 sqft lot $133/sqft · 10% below area Est $133k · 10% under

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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
• ARV discount +12.1/15.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Huge Price Cut. .. Fully Renovated 3-level townhouse with Central HVAC System. New water heater. Newly remodeled kitchen with Granite, SS Appliances. All bathrooms are fully renovated with tiles and new vanities. New Floor throughout the houses. Newly painted house. New doors, . Fully ready to move in house or ready to rent immediately. .. .. ..

Key facts

• New water heater
• Central hvac system
• New floor

Tags

• CENTRAL HVAC SYSTEM
• NEW WATER HEATER
• GRANITE SS APPLIANCES
• ALL BATHROOMS FULLY RENOVATED
• NEW FLOOR
• NEWLY PAINTED HOUSE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $120k.

Deal economics

• At list price, monthly cash flow is $528 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $109k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.6% 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 (+5.2%/yr); 319 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 40% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $147 of equity ($826 loan paydown + $-679 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.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $33k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 30y ago; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $120k implies a 378% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — 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 $108,745 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — 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: 1.43% ✓
• Cap rate: 11.59%
• Cash-on-cash: 18.93%
• DSCR: 1.84
• GRM: 5.8

CMA / ARV

• ARV (median comp): $133,054
• List price: $119,500
• Delta: -10.19%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3307 Elmora Ave	0.09mi	3/1.0	896 (0%)	3mo	$155,000	$173	94
3427 Ravenwood Ave	0.14mi	3/1.0	896 (0%)	0mo	$120,900	$135	93
3224 Elmora Ave	0.09mi	3/1.0	896 (0%)	5mo	$82,000	$92	91
3338 Elmora Ave	0.06mi	2/1.0 (-1)	896 (0%)	2mo	$149,500	$167	91
3315 Lyndale Ave	0.04mi	2/1.5 (-1)	896 (0%)	1mo	$145,000	$162	90
3410 Elmora Ave	0.08mi	3/2.0	896 (0%)	4mo	$93,500	$104	89
3205 Ravenwood Ave	0.16mi	3/1.0	896 (0%)	6mo	$58,500	$65	88
3215 Elmora Ave	0.12mi	4/1.5 (+1)	896 (0%)	5mo	$115,000	$128	83
3335 Lyndale Ave	0.04mi	4/3.0 (+1)	896 (0%)	5mo	$125,000	$140	81
3300 Elmley Ave	0.05mi	4/2.0 (+1)	952 (+6%)	5mo	$161,000	$169	74
3332 Brendan Ave	0.54mi	3/1.5	870 (-3%)	1mo	$128,000	$147	67
2709 E Hoffman St	0.72mi	2/1.0 (-1)	840 (-6%)	1mo	$115,000	$137	50

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: 19.3%
• Equity multiple: 1.93×
• Total profit: $30,960
• Equity at exit: $31,344

10-year hold

• IRR: 25.8%
• Equity multiple: 3.98×
• Total profit: $99,586
• Equity at exit: $35,093

Cash invested: $33,460 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,712 high
• Mortgage (P&I): −$627
• Tax from tax record: −$148 /mo · $1,778/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $528

Break-even live

Break-even rent $1,044

Max offer price $119,500

Occupancy floor 64%

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: $29,875
• Closing costs: $3,585
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	43d	1	0.06mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	17d	1	0.06mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	43d	1	0.09mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	23d	1	0.10mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	23d	1	0.10mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	23d	1	0.11mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	17d	1	0.13mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	23d	1	0.45mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	43d	1	0.46mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	43d	1	0.64mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	43d	1	0.68mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	23d	1	0.69mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	23d	1	0.72mi
1310 N Ellwood Ave Baltimore, MD	2.0	1.0	1000	$1,450	$1.45	12d	1	0.73mi
1310 N Ellwood Ave #1 Baltimore, MD	2.0	1.0	1000	$1,550	$1.55	21d	1	0.73mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	23d	1	0.81mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	23d	1	0.88mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	43d	1	0.94mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	23d	1	0.97mi
4022 Ardley Ave Baltimore, MD	2.0	1.0	896	$1,750	$1.95	43d	1	1.01mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	23d	1	1.03mi
4408 Bowleys Ln Baltimore, MD	2.0	1.0	682	$1,439	$2.11	3d	1	1.06mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	43d	1	1.08mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	2d	1	1.11mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	43d	3	1.24mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	23d	1	1.25mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	43d	1	1.27mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	4d	1	1.28mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	23d	1	1.34mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	43d	1	1.35mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	43d	1	1.36mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	14d	1	1.36mi
1923 Ashland Ave Baltimore, MD	2.0	2.0	862	$1,770	$2.05	19d	2	1.36mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	20d	1	1.36mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	43d	1	1.37mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	43d	1	1.37mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	4d	1	1.38mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	20d	1	1.39mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	23d	1	1.43mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	23d	1	1.44mi

Listing history 38 events

1. 2026-06-18
   days on market $119,500 Active 99 DOM
2. 2026-06-17
   days on market $119,500 Active 98 DOM
3. 2026-06-16
   days on market $119,500 Active 97 DOM
4. 2026-06-15
   days on market $119,500 Active 96 DOM
5. 2026-06-13
   days on market $119,500 Active 94 DOM
6. 2026-06-09
   days on market $119,500 Active 90 DOM
7. 2026-06-08
   days on market $119,500 Active 89 DOM
8. 2026-06-07
   days on market $119,500 Active 88 DOM
9. 2026-06-04
   days on market $119,500 Active 85 DOM
10. 2026-06-03
    days on market $119,500 Active 84 DOM
11. 2026-06-02
    days on market $119,500 Active 83 DOM
12. 2026-06-01
    days on market $119,500 Active 82 DOM
13. 2026-05-31
    days on market $119,500 Active 81 DOM
14. 2026-03-11
    listed $134,500 Active 347-char remark

    Show marketing remark (347 chars)

    Huge Price Cut. .. Fully Renovated 3-level townhouse with Central HVAC System. New water heater. Newly remodeled kitchen with Granite, SS Appliances. All bathrooms are fully renovated with tiles and new vanities. New Floor throughout the houses. Newly painted house. New doors, . Fully ready to move in house or ready to rent immediately. .. .. ..

15. 2025-11-20
    historical
16. 2025-11-07
    price $129,900
17. 2025-11-06
    status Active
18. 2025-10-31
    historical
19. 2025-10-02
    price $139,900
20. 2025-09-21
    status Active
21. 2025-09-01
    historical
22. 2025-08-11
    listed $159,900 Active
23. 2025-07-27
    historical
24. 2018-09-05
    historical
25. 2018-08-31
    soldstatus $25,000 Closed
26. 2018-08-31
    soldstatus $25,000 Sold
27. 2018-08-17
    status Pending
28. 2018-08-17
    status Contract
29. 2018-07-17
    listed $15,000 Active
30. 2018-07-17
    listed $15,000 Active
31. 2017-04-28
    historical Expired
32. 2017-04-28
    historical
33. 2016-04-27
    listed Active
34. 2016-04-27
    listed $39,900
35. 1997-12-05
    soldstatus $45,000
36. 1997-11-13
    historical
37. 1996-05-14
    listed
38. 1988-01-13
    soldstatus $17,200

ⓘ 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: $1,778 · $148/mo
• Projected year-2 tax: $1,778 · $148/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 ≥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: $20,545
• − Mortgage interest: −$6,694
• − Property taxes: −$1,778
• − Insurance: −$598
• − Repairs & maintenance: −$1,644
• − Management: −$1,644
• − Depreciation: −$3,476
• Taxable income: $4,712
• Est. tax owed @ 24.0%: −$1,131
• After-tax cash flow: $5,204/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

+682.0% since first listed

25 events — show timeline

• 2026-03-11 Listed $134,500 BRIGHT MLS
• 2025-11-20 Listing Removed — BRIGHT MLS
• 2025-11-07 Price Changed $129,900 BRIGHT MLS
• 2025-11-06 Relisted — BRIGHT MLS
• 2025-10-31 Listing Removed — BRIGHT MLS
• 2025-10-02 Price Changed $139,900 BRIGHT MLS
• 2025-09-21 Relisted — BRIGHT MLS
• 2025-09-01 Listing Removed — BRIGHT MLS
• 2025-08-11 Listed $159,900 BRIGHT MLS
• 2025-07-27 Coming Soon — BRIGHT MLS
• 2018-09-05 Listing Removed — BRIGHT MLS
• 2018-08-31 Sold (MLS) $25,000 MRIS
• 2018-08-31 Sold (MLS) $25,000 BRIGHT MLS
• 2018-08-17 Pending — BRIGHT MLS
• 2018-08-17 Pending — MRIS
• 2018-07-17 Listed $15,000 MRIS
• 2018-07-17 Listed $15,000 BRIGHT MLS
• 2017-04-28 Listing Removed — BRIGHT MLS
• 2017-04-28 Delisted — MRIS
• 2016-04-27 Listed — MRIS
• 2016-04-27 Listed $39,900 BRIGHT MLS
• 1997-12-05 Sold (Public Records) $45,000 Public Records
• 1997-11-13 Delisted — MRIS
• 1996-05-14 Listed — MRIS
• 1988-01-13 Sold (Public Records) $17,200 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,778 · +4.3% YoY. Source: county tax records.