4410 Falls Bridge Dr Unit L · Baltimore, MD 21211

$79,900

1 bd · 1.0 ba · 539 sqft · Condo public records · 118 Days on market

Built 1967 $148/sqft · 9% below area Est $87k · 9% under $332/mo HOA · 23% of rent

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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 +29.1/30.0
• ARV discount +11.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Simply beautiful and move-in ready! This charming one-bedroom, one-bath condominium in Medfield offers comfortable, low-maintenance living in a quiet, well-maintained community. The interior features updated LVP flooring, a bright and functional layout, and a fully equipped kitchen with stainless steel gas range, dishwasher, refrigerator, and built-in microwave. Central air conditioning provides year-round comfort. Community amenities include a swimming pool, laundry facilities, and ample parking. Conveniently located near the Cold Spring Lane Light Rail Station, major commuter routes, shopping, dining, and neighborhood favorites. Close proximity to Loyola University of Maryland, Notre Dame of Maryland University, Johns Hopkins University, Sinai Hospital, Roland Park, and Hampden. Not FHA approved.

Key facts

• Laundry facilities
• Community amenities
• Swimming pool

Tags

• UPDATED LVP FLOORING
• FULLY EQUIPPED KITCHEN
• STAINLESS STEEL GAS RANGE
• COMMUNITY AMENITIES
• SWIMMING POOL
• LAUNDRY FACILITIES

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $276 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.4% 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 (+4.3%/yr); 91 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 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 $552 of loan paydown is wiped out by about $2k 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 + 4.3% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $80k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• 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 $72,709 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.82% ✓
• Cap rate: 10.44%
• Cash-on-cash: 14.82%
• DSCR: 1.66
• GRM: 4.6

CMA / ARV

• ARV (median comp): $87,454
• List price: $79,900
• Delta: -8.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.32% rent growth · sell at horizon

5-year hold

• IRR: 7.6%
• Equity multiple: 1.31×
• Total profit: $6,838
• Equity at exit: $11,913

10-year hold

• IRR: 18.6%
• Equity multiple: 2.69×
• Total profit: $37,787
• Equity at exit: $6,908

Cash invested: $22,372 (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 21211

• Rents YoY: 4.3%
• Active inventory: 91
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,458 high
• Mortgage (P&I): −$419
• Tax from tax record: −$91 /mo · $1,094/yr
• Insurance: −$33
• HOA: −$332
• Vacancy / Maint / Mgmt: −$306
• Net cashflow: $276

Break-even live

Break-even rent $1,108

Max offer price $79,900

Occupancy floor 76%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4411 Falls Bridge Dr Unit L Baltimore, MD	2.0	1.0	700	$1,395	$1.99	43d	1	0.06mi
4412 La Plata Ave Baltimore, MD	1.0–2.0	1.0	650	$1,235	$1.90	2d	12	0.06mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$1,875	$1.62	1d	31	0.20mi
1130 Falls Hill Dr Baltimore, MD	1.0–2.0	1.0	529	$1,130	$2.14	2d	8	0.43mi
4233 Hickory Ave Baltimore, MD	2.0	1.0	650	$1,312	$2.02	23d	5	0.52mi
3934 Flamingo Pl Baltimore, MD	1.0	1.0	638	$1,500	$2.35	4d	1	0.65mi
3923 Roland Ave Baltimore, MD	1.0	1.0	675	$1,800	$2.67	23d	1	0.86mi
4936 Lanier Ave Baltimore, MD	1.0–2.0	1.0	750	$1,230	$1.64	3d	5	1.01mi
4910 Poe Ave Unit 2 Baltimore, MD	2.0	1.0	750	$990	$1.32	23d	1	1.05mi
505 W University Pkwy Apt B22 Baltimore, MD	1.0	1.0	650	$1,400	$2.15	43d	1	1.17mi
505 W University Pkwy Unit D4 Baltimore, MD	1.0	1.0	700	$1,400	$2.00	4d	1	1.17mi
500 W University Pkwy Baltimore, MD	3.0	1.0–2.0	955	$2,053	$2.15	1d	60	1.22mi
3429 Chestnut Ave Unit 2 Baltimore, MD	2.0	1.5	750	$1,899	$2.53	23d	1	1.31mi
3016 Thorndale Ave Baltimore, MD	1.0–3.0	1.0	700	$840	$1.20	4d	14	1.33mi
1701 Mount Washington Ct Unit D Baltimore, MD	1.0	1.0	546	$1,300	$2.38	16d	1	1.34mi
4037 Edgewood Rd Unit 1 Baltimore, MD	2.0	1.0	726	$1,100	$1.52	43d	1	1.35mi
105 W 39th St Baltimore, MD	2.0	1.0	753	$1,672	$2.22	4d	1	1.38mi
112 W University Pkwy Unit 1335981P Baltimore, MD	1.0	1.0	624	$1,923	$3.08	14d	1	1.38mi
3100 Fallscliff Rd Baltimore, MD	2.0	1.0–2.0	729	$2,180	$2.99	2d	10	1.40mi
4008 Hilton Rd Unit 1st Fl Baltimore, MD	2.0	1.0	750	$1,295	$1.73	43d	1	1.42mi
3811 Canterbury Rd Baltimore, MD	2.0	1.0–2.0	975	$1,872	$1.92	12d	5	1.50mi

HOA detail condo

• Monthly dues: $332 · $3,984/yr
• Likely covers: gaspool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $79,900 Active 118 DOM
2. 2026-06-17
   days on market $79,900 Active 117 DOM
3. 2026-06-16
   days on market $79,900 Active 116 DOM
4. 2026-06-15
   pricedays on market $79,900 Active 115 DOM
5. 2026-06-13
   days on market $89,900 Active 113 DOM
6. 2026-06-09
   days on market $89,900 Active 109 DOM
7. 2026-06-08
   days on market $89,900 Active 108 DOM
8. 2026-06-07
   days on market $89,900 Active 107 DOM
9. 2026-06-04
   days on market $89,900 Active 104 DOM
10. 2026-06-03
    days on market $89,900 Active 103 DOM
11. 2026-06-02
    days on market $89,900 Active 102 DOM
12. 2026-06-01
    days on market $89,900 Active 101 DOM
13. 2026-05-31
    days on market $89,900 Active 100 DOM
14. 2026-04-10
    price $89,900 809-char remark

    Show marketing remark (809 chars)

    Simply beautiful and move-in ready! This charming one-bedroom, one-bath condominium in Medfield offers comfortable, low-maintenance living in a quiet, well-maintained community. The interior features updated LVP flooring, a bright and functional layout, and a fully equipped kitchen with stainless steel gas range, dishwasher, refrigerator, and built-in microwave. Central air conditioning provides year-round comfort. Community amenities include a swimming pool, laundry facilities, and ample parking. Conveniently located near the Cold Spring Lane Light Rail Station, major commuter routes, shopping, dining, and neighborhood favorites. Close proximity to Loyola University of Maryland, Notre Dame of Maryland University, Johns Hopkins University, Sinai Hospital, Roland Park, and Hampden. Not FHA approved.

15. 2026-03-26
    price $94,900 809-char remark

    Show marketing remark (809 chars)

    Simply beautiful and move-in ready! This charming one-bedroom, one-bath condominium in Medfield offers comfortable, low-maintenance living in a quiet, well-maintained community. The interior features updated LVP flooring, a bright and functional layout, and a fully equipped kitchen with stainless steel gas range, dishwasher, refrigerator, and built-in microwave. Central air conditioning provides year-round comfort. Community amenities include a swimming pool, laundry facilities, and ample parking. Conveniently located near the Cold Spring Lane Light Rail Station, major commuter routes, shopping, dining, and neighborhood favorites. Close proximity to Loyola University of Maryland, Notre Dame of Maryland University, Johns Hopkins University, Sinai Hospital, Roland Park, and Hampden. Not FHA approved.

16. 2026-02-20
    listed $99,999 Active 809-char remark

    Show marketing remark (809 chars)

    Simply beautiful and move-in ready! This charming one-bedroom, one-bath condominium in Medfield offers comfortable, low-maintenance living in a quiet, well-maintained community. The interior features updated LVP flooring, a bright and functional layout, and a fully equipped kitchen with stainless steel gas range, dishwasher, refrigerator, and built-in microwave. Central air conditioning provides year-round comfort. Community amenities include a swimming pool, laundry facilities, and ample parking. Conveniently located near the Cold Spring Lane Light Rail Station, major commuter routes, shopping, dining, and neighborhood favorites. Close proximity to Loyola University of Maryland, Notre Dame of Maryland University, Johns Hopkins University, Sinai Hospital, Roland Park, and Hampden. Not FHA approved.

17. 2026-02-19
    soldstatus $38,000

ⓘ 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: $1,094 · $91/mo
• Projected year-2 tax: $1,094 · $91/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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,496
• − Mortgage interest: −$4,476
• − Property taxes: −$1,094
• − Insurance: −$400
• − Repairs & maintenance: −$1,400
• − Management: −$1,400
• − HOA: −$3,984
• − Depreciation: −$2,324
• Taxable income: $2,419
• Est. tax owed @ 24.0%: −$581
• After-tax cash flow: $2,736/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): 14,969
• Household income: $82,828
• Rent vs Own: 39.5% rent · 60.5% own
• Severe rent burden: 635.0

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 White (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 7% Hispanic / Latino 7% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% Chinese 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: ▼ -409.24%
• Current HPI: 458.2576
• Rent YoY: ▲ 4.32%
• 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

+136.6% since first listed

4 events — show timeline

• 2026-04-10 Price Changed $89,900 BRIGHT MLS
• 2026-03-26 Price Changed $94,900 BRIGHT MLS
• 2026-02-20 Listed $99,999 BRIGHT MLS
• 2026-02-19 Sold (Public Records) $38,000 Public Records

Property tax history

-2.3%/yr

Latest (2025): $1,094 · +5.0% YoY. Source: county tax records.