5107 Midwood Ave · Baltimore, MD 21212

$215,000

3 bd · 2.0 ba · 2,460 sqft · SingleFamily public records · 273 Days on market

Built 1935 7,496 sqft lot Est $391k · 45% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +14.3/30.0
• 1% rule +4.7/10.0
• DSCR +4.4/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming single family home with lots of space to grow. Step inside and you will discover a large and bright living room with a cozy fireplace, which is ideal for those winter nights. From the living room, walk into the separate dining room which also invites you with lots of windows. From there go to the kitchen which has lots of space and even a pantry. There is another door that leads you to your own private deck and yard. Continue your tour on the main level and you will find a full bath, 2 bedrooms - one of which has a bonus room which can be used as a sitting room, kids playroom, or storage room. Ascend to the 2nd level and you will find 2 large family room, another bedroom and anothe

Key facts

• Private deck
• Separate dining room
• Bonus room

Tags

• LARGE LIVING ROOM
• COZY FIREPLACE
• SEPARATE DINING ROOM
• PRIVATE DECK
• FULL BATH
• BONUS ROOM

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Detached property; Building is winterized
• Construction: Vinyl siding exterior; Permanent foundation
• Exterior features: Vinyl siding; Property is detached; Above-grade and below-grade structures; Located within city limits (Baltimore City)

Interior

• Bedrooms: Two main-level bedrooms; One bedroom on the first upper level
• Bathrooms: Two full bathrooms (one on main level, one on first upper level)
• Heating & cooling: Radiator heating; Cooling: Other (unspecified); Hot water heated by natural gas
• Interior features: One fireplace; Daylight, full unfinished basement with some finished lower-level space

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $41 ($488/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (2.7% below list).
• Recommended offer: $189k (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: 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 (+4.7%/yr); 133 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 273 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 7y ago; this cycle's ask has dropped $50k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $215k implies a 139% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 273 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 1935 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.97% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.81%
• DSCR: 1.04
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $391,140
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5120 The Alameda	0.19mi	3/3.0	2,477 (+1%)	2mo	$330,000	$133	84
523 Rossiter Ave	0.25mi	4/1.0 (+1)	2,280 (-7%)	2mo	$281,000	$123	66
508 Rossiter Ave	0.31mi	4/1.5 (+1)	2,400 (-2%)	13mo	$255,000	$106	64
5315 Kenilworth Ave	0.31mi	4/2.0 (+1)	2,303 (-6%)	10mo	$335,000	$145	62
5109 Ivanhoe Ave	0.13mi	3/1.0	2,108 (-14%)	10mo	$225,000	$107	58
522 Rossiter Ave	0.25mi	3/2.0	2,790 (+13%)	14mo	$289,900	$104	54
612 Woodbourne Ave	0.46mi	4/2.5 (+1)	2,200 (-11%)	1mo	$349,900	$159	53
419 Winston Ave	0.49mi	4/3.5 (+1)	2,520 (+2%)	15mo	$450,000	$179	50
1219 Southview Rd	0.74mi	3/2.5	2,190 (-11%)	5mo	$470,000	$215	41
4107 Westview Rd	0.73mi	3/1.5	2,300 (-6%)	18mo	$382,000	$166	38
4309 Wendover Rd	0.65mi	4/3.0 (+1)	2,794 (+14%)	13mo	$825,000	$295	27
413 Lyman Ave	0.75mi	4/3.5 (+1)	2,225 (-10%)	18mo	$360,000	$162	24

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: -13.0%
• Equity multiple: 0.52×
• Total profit: $-28,615
• Equity at exit: $32,057

10-year hold

• IRR: -1.4%
• Equity multiple: 0.90×
• Total profit: $-6,169
• Equity at exit: $18,589

Cash invested: $60,200 (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 21212

• Rents YoY: 4.7%
• Active inventory: 133
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,091 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$394 /mo · $4,730/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $41

Break-even live

Break-even rent $2,039

Max offer price $215,000

Occupancy floor 93%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
804 Radnor Ave Baltimore, MD	3.0	1.0	1654	$2,000	$1.21	43d	1	0.20mi
510 Winston Ave Baltimore, MD	4.0	2.0	1600	$2,800	$1.75	20d	1	0.32mi
4754 Alhambra Ave Baltimore, MD	3.0	2.0	1876	$1,500	$0.80	23d	1	0.33mi
514 Radnor Ave Baltimore, MD	3.0	1.5	1575	$1,500	$0.95	44d	1	0.34mi
1008 Tunbridge Rd Baltimore, MD	3.0	2.0	1732	$2,050	$1.18	23d	1	0.45mi
5204 Kelway Rd Baltimore, MD	3.0	2.0	1666	$2,350	$1.41	23d	1	0.48mi
620 Harwood Ave Baltimore, MD	2.0	1.0	2056	$1,350	$0.66	43d	1	0.55mi
706 E 43rd St Baltimore, MD	4.0	1.5	1596	$1,899	$1.19	1d	1	0.57mi
4303 York Rd #3 Baltimore, MD	2.0	1.0	1680	$1,400	$0.83	43d	1	0.70mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	43d	1	0.70mi
513 E 41st St Baltimore, MD	4.0	1.5	1620	$1,900	$1.17	43d	1	0.80mi
4033 Greenmount Ave Baltimore, MD	2.0	2.5	1860	$2,550	$1.37	23d	1	0.83mi
4006 Loch Raven Blvd Baltimore, MD	3.0	2.5	2016	$2,695	$1.34	17d	1	0.92mi
1539 Ralworth Rd Baltimore, MD	3.0	2.0	1580	$1,950	$1.23	14d	1	0.96mi
1804 Winford Rd Baltimore, MD	3.0	1.5	1600	$2,100	$1.31	23d	1	1.10mi
6008 Clearspring Rd Baltimore, MD	4.0	2.5	1758	$3,600	$2.05	23d	1	1.17mi
1508 Gleneagle Rd Baltimore, MD	3.0	2.0	1824	$2,180	$1.20	4d	1	1.25mi
2028 Hillenwood Rd Baltimore, MD	4.0	2.0	1820	$2,100	$1.15	21d	1	1.30mi
100 E Melrose Ave Baltimore, MD	2.0–3.0	2.0–2.5	1750	$3,345	$1.91	4d	2	1.48mi

Listing history 48 events

1. 2026-04-29
   status Pending
2. 2026-04-06
   price $215,000
3. 2025-12-16
   price $225,000
4. 2025-11-03
   price $235,000
5. 2025-09-01
   price $250,000
6. 2025-07-30
   listed $265,000 Active
7. 2024-02-08
   historical $1,700
8. 2024-01-29
   historical
9. 2024-01-08
   listed $1,700
10. 2023-12-31
    historical $1,700
11. 2023-11-30
    listed $1,700
12. 2023-11-26
    price $250,000
13. 2023-11-09
    price $290,000
14. 2023-11-08
    status Active
15. 2023-09-11
    historical Active Under Contract
16. 2023-09-11
    status Active
17. 2023-08-22
    historical Active Under Contract
18. 2023-08-22
    status Active
19. 2023-08-14
    historical Active Under Contract
20. 2023-08-14
    status Active
21. 2023-08-08
    historical Active Under Contract
22. 2023-07-11
    price $250,000
23. 2023-06-26
    listed $255,000 Active
24. 2023-05-04
    historical
25. 2023-05-04
    listed $250,000
26. 2023-05-04
    historical
27. 2023-03-14
    listed $250,000 Active
28. 2023-01-31
    historical
29. 2022-12-09
    listed $250,000 Active
30. 2022-11-29
    historical
31. 2022-11-27
    historical
32. 2022-10-23
    listed $250,000 Active
33. 2022-09-30
    historical
34. 2022-08-12
    listed $245,000 Active
35. 2022-08-10
    historical
36. 2022-08-03
    historical
37. 2022-07-25
    listed $225,000 Active
38. 2022-04-01
    historical
39. 2022-02-04
    listed $200,000 Active
40. 2020-09-30
    historical
41. 2020-08-29
    price $245,000
42. 2020-08-28
    price $250,000
43. 2020-07-15
    listed $255,000 Active
44. 2020-07-10
    historical
45. 2020-07-10
    listed $255,000 Active
46. 2019-10-29
    soldstatus $90,000 Closed
47. 2019-09-17
    status Pending
48. 2019-08-22
    listed $95,000 Active

ⓘ 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: $4,730 · $394/mo
• Projected year-2 tax: $4,730 · $394/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 · 14 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: $25,091
• − Mortgage interest: −$12,043
• − Property taxes: −$4,730
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − Depreciation: −$6,255
• Taxable loss: −$3,026
• Est. tax savings @ 24.0%: +$726
• After-tax cash flow: $1,214/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): 33,974
• Household income: $96,685
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 769.0

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 0.64)
• Race & ethnicity: White 49% Black 35% Two or more races 9% Hispanic / Latino 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% 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: ▼ -392.44%
• Current HPI: 267.4569
• Rent YoY: ▲ 4.65%
• 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

+126.3% since first listed

48 events — show timeline

• 2026-04-29 Pending — BRIGHT MLS
• 2026-04-06 Price Changed $215,000 BRIGHT MLS
• 2025-12-16 Price Changed $225,000 BRIGHT MLS
• 2025-11-03 Price Changed $235,000 BRIGHT MLS
• 2025-09-01 Price Changed $250,000 BRIGHT MLS
• 2025-07-30 Listed $265,000 BRIGHT MLS
• 2024-02-08 Rental Removed $1,700 RENT.
• 2024-01-29 Listing Removed — BRIGHT MLS
• 2024-01-08 Listed for Rent $1,700 RENT.
• 2023-12-31 Rental Removed $1,700 RENT.
• 2023-11-30 Listed for Rent $1,700 RENT.
• 2023-11-26 Price Changed $250,000 BRIGHT MLS
• 2023-11-09 Price Changed $290,000 BRIGHT MLS
• 2023-11-08 Relisted — BRIGHT MLS
• 2023-09-11 Contingent — BRIGHT MLS
• 2023-09-11 Relisted — BRIGHT MLS
• 2023-08-22 Contingent — BRIGHT MLS
• 2023-08-22 Relisted — BRIGHT MLS
• 2023-08-14 Contingent — BRIGHT MLS
• 2023-08-14 Relisted — BRIGHT MLS
• 2023-08-08 Contingent — BRIGHT MLS
• 2023-07-11 Price Changed $250,000 BRIGHT MLS
• 2023-06-26 Listed $255,000 BRIGHT MLS
• 2023-05-04 Listing Removed — BRIGHT MLS
• 2023-05-04 Listed $250,000 BRIGHT MLS
• 2023-05-04 Listing Removed — BRIGHT MLS
• 2023-03-14 Listed $250,000 BRIGHT MLS
• 2023-01-31 Listing Removed — BRIGHT MLS
• 2022-12-09 Listed $250,000 BRIGHT MLS
• 2022-11-29 Coming Soon — BRIGHT MLS
• 2022-11-27 Listing Removed — BRIGHT MLS
• 2022-10-23 Listed $250,000 BRIGHT MLS
• 2022-09-30 Listing Removed — BRIGHT MLS
• 2022-08-12 Listed $245,000 BRIGHT MLS
• 2022-08-10 Coming Soon — BRIGHT MLS
• 2022-08-03 Listing Removed — BRIGHT MLS
• 2022-07-25 Listed $225,000 BRIGHT MLS
• 2022-04-01 Listing Removed — BRIGHT MLS
• 2022-02-04 Listed $200,000 BRIGHT MLS
• 2020-09-30 Listing Removed — BRIGHT MLS
• 2020-08-29 Price Changed $245,000 BRIGHT MLS
• 2020-08-28 Price Changed $250,000 BRIGHT MLS
• 2020-07-15 Listed $255,000 BRIGHT MLS
• 2020-07-10 Listed $255,000 BRIGHT MLS
• 2020-07-10 Listing Removed — BRIGHT MLS
• 2019-10-29 Sold (MLS) $90,000 BRIGHT MLS
• 2019-09-17 Pending — BRIGHT MLS
• 2019-08-22 Listed $95,000 BRIGHT MLS

Property tax history

+0.3%/yr

Latest (2025): $4,730 · +6.5% YoY. Source: county tax records.