2715 W Lafayette Ave · Baltimore, MD 21216

$35,000

3 bd · 1.0 ba · 1,206 sqft · Townhouse public records · 22 Days on market

Built 1920 1,206 sqft lot Est $62k · 43% under ↓ 40% since listing

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Why this score? — see what drove the C- 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

ONLINE AUCTION: This auction takes place on the Ashland Auction Group Website Bidding Platform. Bidding begins 6/25/2026 @ 10:00 AM. Bidding ends 6/29/2026 @ 12:30 PM. List Price is Suggested Opening Bid. Deposit: $5,000. 2 Story end unit townhouse located in the Mosher area. JUST MINUTES to Gwynns Falls Park. Easy access to major traffic artery W Franklin St. Property is vacant.

Key facts

• Gwynns falls park
• Built 1920
• Listed 22 days

Tags

• 2 STORY END UNIT TOWNHOUSE
• GWYNNS FALLS PARK

Property features AI

Finance

• Other: Below-grade unfinished area 603; Above-grade finished area 1,206; Below-grade total area 603; Year built source: Assessor
• Financial info: Ownership is fee simple; Assessed improvement value: $12,000; Assessed land value: $3,000; Total tax assessed value: $15,000; Tax year 2025; annual tax amount $354

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: End of Row/Townhouse design; In city limits (Baltimore City)
• Construction: Brick construction; Brick/mortar foundation; Above-grade and below-grade structures
• Exterior features: End of row/townhouse; Ground rent paid annually; No tidal water

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Interior features: Basement present (other type); Living area source: Assessor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $35k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.
• Cap rate 47.2% 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 (+6.1%/yr); 252 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; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,799/mo this rent would consume 51% of the median local household income ($42k/yr) (locally 2264% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k 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 + 6.1% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y 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.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $34,475 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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. 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.
6. 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.
7. 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: 5.14% ✓
• Cap rate: 47.22%
• Cash-on-cash: 146.16%
• DSCR: 7.50
• GRM: 1.6

CMA / ARV

• ARV (on-the-fly): $61,506
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2711 Riggs Ave	0.15mi	3/1.0	1,288 (+7%)	2mo	$134,000	$104	80
2435 Lauretta Ave	0.44mi	3/1.0	1,260 (+4%)	1mo	$45,000	$36	72
537 Longwood St	0.34mi	4/2.0 (+1)	1,176 (-2%)	0mo	$60,000	$51	71
1218 N Longwood St	0.40mi	4/2.0 (+1)	1,190 (-1%)	2mo	$56,000	$47	68
3224 Belmont Ave	0.60mi	3/1.5	1,178 (-2%)	1mo	$77,000	$65	66
3039 Harlem Ave	0.36mi	3/1.0	1,070 (-11%)	1mo	$27,500	$26	63
3004 Brighton St	0.59mi	3/1.0	1,288 (+7%)	1mo	$44,000	$34	60
2576 W Baltimore St W	0.73mi	3/2.0	1,200 (-0%)	2mo	$152,000	$127	59
2544 W Fairmount Ave	0.69mi	2/1.5 (-1)	1,204 (-0%)	2mo	$55,000	$46	58
2516 W Fairmount Ave	0.71mi	3/1.0	1,304 (+8%)	2mo	$30,000	$23	52
633 N Brice St	0.67mi	4/2.5 (+1)	1,250 (+4%)	2mo	$78,000	$62	50
1528 N Ellamont St	0.70mi	3/2.5	1,328 (+10%)	1mo	$209,000	$157	44

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.77×
• Total profit: $76,153
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 20.34×
• Total profit: $189,578
• Equity at exit: $3,026

Cash invested: $9,800 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,799 high
• Mortgage (P&I): −$184
• Tax from tax record: −$29 /mo · $352/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $1,194

Break-even live

Break-even rent $288

Max offer price $35,000

Occupancy floor 29%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	23d	1	0.12mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	0.20mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.25mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	43d	1	0.29mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	43d	1	0.31mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	23d	1	0.32mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	43d	1	0.38mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	43d	1	0.42mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	23d	1	0.43mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	43d	1	0.45mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	23d	1	0.46mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	23d	1	0.48mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.53mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	23d	1	0.53mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.53mi
709 Denison St Baltimore, MD	2.0	2.0	840	$1,630	$1.94	23d	1	0.64mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	43d	1	0.68mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	43d	1	0.69mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	900	$1,450	$1.61	23d	1	0.70mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	0.71mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	23d	1	0.71mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	43d	1	0.73mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	43d	1	0.74mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	43d	1	0.74mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	17d	1	0.75mi
1914 Mosher St Unit 1914 Baltimore, MD	4.0	2.5	1200	$1,700	$1.42	43d	1	0.76mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	23d	1	0.76mi
2012 W Saratoga St Baltimore, MD	3.0	1.0	1300	$1,700	$1.31	23d	1	0.79mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	0.80mi
3003 W North Ave Baltimore, MD	1.0–2.0	1.0	841	$935	$1.11	2d	3	0.81mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	4d	1	0.81mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	43d	1	0.81mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	0.82mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	23d	1	0.82mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	23d	1	0.83mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	43d	1	0.84mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	23d	1	0.85mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	23d	1	0.86mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	10d	1	0.86mi
2225 W Baltimore St Baltimore, MD	3.0	2.5	1200	$1,600	$1.33	23d	1	0.88mi

Listing history 34 events

1. 2026-06-18
   days on market $35,000 Active 22 DOM
2. 2026-06-17
   days on market $35,000 Active 21 DOM
3. 2026-06-16
   days on market $35,000 Active 20 DOM
4. 2026-06-15
   days on market $35,000 Active 19 DOM
5. 2026-06-13
   days on market $35,000 Active 17 DOM
6. 2026-06-09
   days on market $35,000 Active 13 DOM
7. 2026-06-08
   days on market $35,000 Active 12 DOM
8. 2026-06-07
   remarks 383-char remark
9. 2026-06-07
   days on market $35,000 Active 11 DOM
10. 2026-06-04
    days on market $35,000 Active 8 DOM
11. 2026-06-03
    days on market $35,000 Active 7 DOM
12. 2026-06-02
    days on market $35,000 Active 6 DOM
13. 2026-06-01
    days on market $35,000 Active 5 DOM
14. 2026-05-31
    days on market $35,000 Active 4 DOM
15. 2026-05-27
    listed $35,000 Active
16. 2025-04-16
    soldstatus $205,000
17. 2024-11-18
    historical
18. 2024-09-16
    status Active
19. 2024-08-27
    historical
20. 2024-08-19
    listed $115,000 Active
21. 2024-08-14
    historical
22. 2024-08-04
    price $115,000
23. 2024-08-04
    status Active
24. 2024-07-01
    historical
25. 2024-05-21
    price $137,500
26. 2024-05-21
    status Active
27. 2024-05-14
    historical
28. 2024-02-05
    status Active
29. 2023-12-20
    historical
30. 2023-10-11
    listed $140,000 Active
31. 2022-04-08
    soldstatus $33,000 Closed
32. 2021-11-12
    historical
33. 2021-08-21
    listed $35,000 Active
34. 2003-12-10
    soldstatus $58,000

ⓘ 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: $352 · $29/mo
• Projected year-2 tax: $367 · $31/mo
• Expected delta: +$15/yr (+$1/mo · 4.1%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,586
• − Mortgage interest: −$1,961
• − Property taxes: −$352
• − Insurance: −$175
• − Repairs & maintenance: −$1,727
• − Management: −$1,727
• − Depreciation: −$1,018
• Taxable income: $14,626
• Est. tax owed @ 24.0%: −$3,510
• After-tax cash flow: $10,813/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

-39.7% since first listed

20 events — show timeline

• 2026-05-27 Listed $35,000 BRIGHT MLS
• 2025-04-16 Sold (Public Records) $205,000 Public Records
• 2024-11-18 Listing Removed — BRIGHT MLS
• 2024-09-16 Relisted — BRIGHT MLS
• 2024-08-27 Listing Removed — BRIGHT MLS
• 2024-08-19 Listed $115,000 BRIGHT MLS
• 2024-08-14 Listing Removed — BRIGHT MLS
• 2024-08-04 Price Changed $115,000 BRIGHT MLS
• 2024-08-04 Relisted — BRIGHT MLS
• 2024-07-01 Listing Removed — BRIGHT MLS
• 2024-05-21 Price Changed $137,500 BRIGHT MLS
• 2024-05-21 Relisted — BRIGHT MLS
• 2024-05-14 Listing Removed — BRIGHT MLS
• 2024-02-05 Relisted — BRIGHT MLS
• 2023-12-20 Listing Removed — BRIGHT MLS
• 2023-10-11 Listed $140,000 BRIGHT MLS
• 2022-04-08 Sold (MLS) $33,000 BRIGHT MLS
• 2021-11-12 Listing Removed — BRIGHT MLS
• 2021-08-21 Listed $35,000 BRIGHT MLS
• 2003-12-10 Sold (Public Records) $58,000 Public Records

Property tax history

-3.4%/yr

Latest (2025): $352 · +0.0% YoY. Source: county tax records.