3217 Ramona Ave · Baltimore, MD 21213

$199,900

3 bd · 1.0 ba · 1,559 sqft · Townhouse public records · 19 Days on market

Built 1928 1,742 sqft lot Est $140k · 42% over

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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).

• Cash flow +20.3/30.0
• DSCR +6.4/10.0
• 1% rule +4.9/10.0
• 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
• ARV discount +0.0/15.0

Listing remarks MLS

3 BDRM. INTERIOR TOWNHOUSE W/ COVERED FRONT PORCH W/ QUARRY TILE FLOOR. HARDWOOD FLOORING W/ INLAY IN LIVING ROOM & DINING ROOM, CHAIR RAIL & CROWN MOLDING & CORNER CABINETS IN DINING ROOM. KNOTTY PINE CLUBROOM W/ FULL BATH, WALK-OUT TO YARD & ENJOY THE BEAUTIFUL LANDSCAPING.

Key facts

• Built 1928
• Listed 19 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas heating and hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in very good condition
• Construction: Brick construction; Brick/mortar foundation; Rubber roof; Built year sourced from assessor
• Exterior features: Fenced parking area; Municipal trash service; Not in a federal flood zone; Ground rent paid annually

Interior

• Kitchen: Kitchen (appliances not listed)
• Bedrooms: 3 bedrooms on the upper level
• Flooring: Hardwood
• Bathrooms: 1 full bathroom (upper level); 1 half bathroom (lower level)
• Heating & cooling: Hot water radiator heating; Natural gas heating and hot water; Ceiling fans; Window air conditioning units (electric)
• Interior features: Hardwood flooring; Full, improved basement (partially finished)
• Laundry & utility: Laundry room; Utility room; Hot water provided by natural gas

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/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 $198k (1.2% below list).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.8% 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); 40% 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).
• At $1,976/mo this rent would consume 46% of the median local household income ($51k/yr) (locally 1868% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $247 of equity ($1k loan paydown + $-1k 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 $56k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 31y ago; this cycle's ask is 167% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $75k; list at $200k implies a 167% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — 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 $196,901 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.99% ✗
• Cap rate: 7.83%
• Cash-on-cash: 5.50%
• DSCR: 1.24
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $140,310
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3406 Ramona Ave	0.11mi	3/2.0	1,408 (-10%)	0mo	$85,000	$60	74
4215 Seidel Ave	0.39mi	3/2.0	1,528 (-2%)	2mo	$186,500	$122	73
3914 Eierman Ave	0.47mi	3/2.0	1,628 (+4%)	0mo	$128,000	$79	66
3571 Dudley Ave	0.30mi	3/2.0	1,400 (-10%)	1mo	$175,000	$125	64
2835 Brendan Ave	0.42mi	3/1.0	1,725 (+11%)	2mo	$76,500	$44	61
3564 Elmora Ave	0.62mi	3/1.5	1,478 (-5%)	1mo	$133,500	$90	60
4718 Parkside Dr	0.45mi	2/2.0 (-1)	1,440 (-8%)	0mo	$214,990	$149	57
2846 Lake Ave	0.43mi	4/2.5 (+1)	1,455 (-7%)	2mo	$235,000	$162	56
3114 Mareco Ave	0.53mi	3/2.0	1,410 (-10%)	2mo	$125,000	$89	54
3533 Elmley Ave	0.59mi	3/1.5	1,344 (-14%)	1mo	$70,000	$52	46
2902 Clifton Park Ter	0.61mi	3/1.5	1,344 (-14%)	1mo	$66,000	$49	46
3733 Ravenwood Ave	0.60mi	3/2.0	1,350 (-13%)	1mo	$135,000	$100	45

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: 3.8%
• Equity multiple: 1.17×
• Total profit: $9,782
• Equity at exit: $52,432

10-year hold

• IRR: 11.3%
• Equity multiple: 2.24×
• Total profit: $69,567
• Equity at exit: $58,704

Cash invested: $55,972 (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: 8.4×

Monthly cashflow live

• Estimated rent: $1,976 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$173 /mo · $2,071/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $257

Break-even live

Break-even rent $1,651

Max offer price $199,900

Occupancy floor 82%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3300 Dudley Ave Baltimore, MD	4.0	2.0	1724	$2,200	$1.28	43d	1	0.05mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	43d	1	0.06mi
3027 Shannon Dr Baltimore, MD	3.0	2.0	1950	$2,500	$1.28	43d	1	0.15mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	43d	1	0.16mi
4244 Shamrock Ave Baltimore, MD	3.0	1.5	1920	$1,850	$0.96	23d	1	0.24mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	23d	1	0.26mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	23d	1	0.27mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	43d	1	0.29mi
3573 Shannon Dr Baltimore, MD	4.0	2.0	1493	$2,300	$1.54	17d	1	0.30mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	43d	1	0.33mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	4d	1	0.35mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	43d	1	0.36mi
3572 Juneway Unit 1 Baltimore, MD	2.0	1.0	1800	$1,200	$0.67	43d	1	0.37mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	11d	1	0.38mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	23d	1	0.38mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	43d	1	0.39mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	43d	1	0.43mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.45mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	11d	1	0.45mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	2d	1	0.49mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	43d	1	0.49mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.50mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	23d	1	0.57mi
4116 Raymonn Ave Baltimore, MD	3.0	1.5	1244	$1,950	$1.57	43d	1	0.63mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	43d	1	0.64mi
3005 Belair Rd Baltimore, MD	3.0	2.0	2000	$1,600	$0.80	17d	1	0.64mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	17d	1	0.67mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.67mi
4104 Erdman Ave Unit 2 Baltimore, MD	2.0	1.0	1566	$1,075	$0.69	4d	1	0.71mi
4718 Blue Ridge Ave Baltimore, MD	4.0	3.0	1744	$2,400	$1.38	11d	1	0.77mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	2d	1	0.79mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	23d	1	0.79mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	23d	1	0.82mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,809	$1.77	43d	1	0.84mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	12d	1	0.85mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	43d	1	0.85mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	43d	1	0.94mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	23d	1	0.98mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1440	$1,700	$1.18	23d	1	1.01mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1152	$1,700	$1.48	21d	1	1.01mi

Listing history 26 events

1. 2026-06-18
   days on market $199,900 Active 19 DOM
2. 2026-06-17
   days on market $199,900 Active 18 DOM
3. 2026-06-16
   days on market $199,900 Active 17 DOM
4. 2026-06-15
   days on market $199,900 Active 16 DOM
5. 2026-06-13
   days on market $199,900 Active 14 DOM
6. 2026-06-09
   days on market $199,900 Active 10 DOM
7. 2026-06-08
   days on market $199,900 Active 9 DOM
8. 2026-06-07
   days on market $199,900 Active 8 DOM
9. 2026-06-04
   days on market $199,900 Active 5 DOM
10. 2026-06-03
    days on market $199,900 Active 4 DOM
11. 2026-06-02
    days on market $199,900 Active 3 DOM
12. 2026-06-01
    days on market $199,900 Active 2 DOM
13. 2026-05-31
    statusdays on market $199,900 Active 1 DOM
14. 2026-05-29
    historical $199,900
15. 2004-08-05
    soldstatus $75,000
16. 2004-07-30
    soldstatus $74,900 300-char remark

    Show marketing remark (300 chars)

    3 BDRM. INTERIOR TOWNHOUSE W/ COVERED FRONT PORCH W/ QUARRY TILE FLOOR. HARDWOOD FLOORING W/ INLAY IN LIVING ROOM & DINING ROOM, CHAIR RAIL & CROWN MOLDING & CORNER CABINETS IN DINING ROOM. KNOTTY PINE CLUBROOM W/ FULL BATH, WALK-OUT TO YARD & ENJOY THE BEAUTIFUL LANDSCAPING.

17. 2004-06-21
    historical 300-char remark

    Show marketing remark (300 chars)

    3 BDRM. INTERIOR TOWNHOUSE W/ COVERED FRONT PORCH W/ QUARRY TILE FLOOR. HARDWOOD FLOORING W/ INLAY IN LIVING ROOM & DINING ROOM, CHAIR RAIL & CROWN MOLDING & CORNER CABINETS IN DINING ROOM. KNOTTY PINE CLUBROOM W/ FULL BATH, WALK-OUT TO YARD & ENJOY THE BEAUTIFUL LANDSCAPING.

18. 2004-05-25
    listed $74,900 300-char remark

    Show marketing remark (300 chars)

    3 BDRM. INTERIOR TOWNHOUSE W/ COVERED FRONT PORCH W/ QUARRY TILE FLOOR. HARDWOOD FLOORING W/ INLAY IN LIVING ROOM & DINING ROOM, CHAIR RAIL & CROWN MOLDING & CORNER CABINETS IN DINING ROOM. KNOTTY PINE CLUBROOM W/ FULL BATH, WALK-OUT TO YARD & ENJOY THE BEAUTIFUL LANDSCAPING.

19. 2002-06-14
    historical
20. 2001-12-13
    listed
21. 2001-12-03
    historical
22. 2001-06-05
    listed
23. 1995-08-31
    soldstatus $63,500
24. 1995-06-27
    historical
25. 1995-05-09
    listed $63,500
26. 1991-10-22
    soldstatus $61,000

ⓘ 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: $2,071 · $173/mo
• Projected year-2 tax: $2,125 · $177/mo
• Expected delta: +$54/yr (+$4/mo · 2.6%)

ⓘ 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 8/10 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: $23,710
• − Mortgage interest: −$11,198
• − Property taxes: −$2,071
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,897
• − Management: −$1,897
• − Depreciation: −$5,815
• Taxable loss: −$167
• Est. tax savings @ 24.0%: +$40
• After-tax cash flow: $3,121/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

+227.7% since first listed

13 events — show timeline

• 2026-05-29 Coming Soon $199,900 BRIGHT MLS
• 2004-08-05 Sold (Public Records) $75,000 Public Records
• 2004-07-30 Sold (MLS) $74,900 MRIS
• 2004-06-21 Delisted — MRIS
• 2004-05-25 Listed $74,900 MRIS
• 2002-06-14 Delisted — MRIS
• 2001-12-13 Listed — MRIS
• 2001-12-03 Delisted — MRIS
• 2001-06-05 Listed — MRIS
• 1995-08-31 Sold (MLS) $63,500 MRIS
• 1995-06-27 Delisted — MRIS
• 1995-05-09 Listed $63,500 MRIS
• 1991-10-22 Sold (Public Records) $61,000 Public Records

Property tax history

-1.6%/yr

Latest (2025): $2,071 · +3.0% YoY. Source: county tax records.