6204 Fair Oaks Ave · Baltimore, MD 21214

$149,999

2 bd · 1.0 ba · 972 sqft · SingleFamily public records · 94 Days on market

Built 1924 6,246 sqft lot Est $252k · 40% under

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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 +17.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +5.1/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

🔥 INVESTOR ALERT – OPPORTUNITY KNOCKS! 🔥 Don’t miss this fantastic chance to own a solid 2-bedroom, 1-bath home with great bones and tons of potential! Perfect for renovation, rental income, or resale, this property offers multiple value-add opportunities. Step inside to find a spacious layout featuring a huge vaulted-ceiling family room at the back of the home—an incredible space ready to be transformed. A gigantic covered porch extends the living area outdoors, ideal for entertaining or future expansion. The home sits on a nice, usable yard, offering room for landscaping, play space, or future additions. A two-car carport provides excellent covered parking, storage, or w

Key facts

• 6,246 sq ft lot
• 2 parking spots
• Built 1924

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $101 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $136k (9.0% 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: 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.
• Zoned schools: Hamilton Elementary/Middle (math 11% / reading 25%, grade F, #400 of 860 statewide, top 47%, 815 students, 59% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 51% FRL vs 79% district-wide (28 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 48% at this address vs 12% district-wide (+36 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 99 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $4k 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 94 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 31y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $150k implies a 200% 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 $136,499 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 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: 1.01% ✓
• Cap rate: 7.10%
• Cash-on-cash: 2.88%
• DSCR: 1.13
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $251,748
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5613 Plymouth Rd	0.33mi	3/2.0 (+1)	1,031 (+6%)	2mo	$270,000	$262	64
3022 Roselawn Ave	0.60mi	3/1.0 (+1)	988 (+2%)	0mo	$235,000	$238	64
5313 Plymouth Rd	0.53mi	2/1.5	956 (-2%)	12mo	$164,215	$172	60
2605 Evergreen Ave	0.32mi	3/1.5 (+1)	1,056 (+9%)	12mo	$257,050	$243	54
5016 Morello Rd	0.73mi	2/1.0	944 (-3%)	13mo	$140,000	$148	50
2805 Christopher Ave	0.25mi	3/2.0 (+1)	1,040 (+7%)	22mo	$280,000	$269	50
6819 Hamlet	0.61mi	3/1.0 (+1)	964 (-1%)	22mo	$281,000	$291	47
5204 Catalpha Rd	0.65mi	2/1.5	1,096 (+13%)	2mo	$250,000	$228	45
5627 Mcclean Blvd	0.20mi	3/2.0 (+1)	1,102 (+13%)	19mo	$300,000	$272	43
2909 Berwick Ave	0.68mi	3/1.5 (+1)	1,090 (+12%)	7mo	$282,000	$259	35
2909 Fleetwood Ave	0.59mi	3/1.0 (+1)	1,072 (+10%)	24mo	$235,000	$219	31
2816 Berwick Ave	0.67mi	3/3.0 (+1)	1,044 (+7%)	17mo	$345,000	$330	29

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.58×
• Total profit: $-17,826
• Equity at exit: $22,365

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-7,020
• Equity at exit: $12,969

Cash invested: $42,000 (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 21214

• Active inventory: 99
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,511 high
• Mortgage (P&I): −$787
• Tax from tax record: −$243 /mo · $2,922/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $101

Break-even live

Break-even rent $1,383

Max offer price $149,999

Occupancy floor 88%

Sensitivity live

Price	-10% $186	-5% $143	+0% $101	+5% $58	+10% $16
Rent	-10% $-19	-5% $41	+0% $101	+5% $161	+10% $220
Rate	-1.0pp $176	-0.5pp $139	base $101	+0.5pp $62	+1.0pp $22

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6212 Laurelton Ave Baltimore, MD	2.0	1.0	960	$1,325	$1.38	46d	1	0.07mi
6211 Birchwood Ave Unit 1st FL Baltimore, MD	1.0	1.0	600	$1,300	$2.17	26d	1	0.09mi
5600 Birchwood Ave Unit 2 Baltimore, MD	2.0	1.0	850	$1,600	$1.88	46d	1	0.26mi
2106 Cloville Ave Baltimore, MD	3.0	1.5	1080	$1,700	$1.57	46d	1	0.34mi
6612 Birchwood Ave Baltimore, MD	3.0	2.0	1122	$2,300	$2.05	22d	1	0.35mi
6502 McClean Blvd Baltimore, MD	2.0	1.0	925	$1,537	$1.66	46d	1	0.37mi
2604 Hamilton Ave Apt 2 Baltimore, MD	2.0	1.0	850	$1,195	$1.41	46d	1	0.38mi
2423 Wellbridge Dr Baltimore, MD	1.0–2.0	1.0	675	$1,325	$1.96	22d	1	0.45mi
6502 McClean Blvd Unit 2207-A3 Baltimore, MD	1.0	1.0	800	$1,212	$1.51	46d	1	0.45mi
6502 McClean Blvd Unit 2211-B3 Baltimore, MD	2.0	1.0	925	$1,495	$1.62	24d	1	0.45mi
3010 White Ave Unit B Baltimore, MD	1.0	1.0	630	$1,150	$1.83	26d	1	0.60mi
6624 Pioneer Dr Baltimore, MD	1.0–3.0	1.0	706	$1,266	$1.79	46d	1	0.62mi
1806 Ramblewood Rd Apt A Baltimore, MD	2.0	2.0	903	$1,847	$2.05	46d	1	0.64mi
3014 Hamilton Ave Unit 1 Baltimore, MD	2.0	1.0	850	$1,575	$1.85	26d	1	0.71mi
3033 Hamilton Ave Unit 1R Baltimore, MD	2.0	1.0	720	$1,195	$1.66	6d	1	0.73mi
1900 Ramblewood Rd Apt A Baltimore, MD	2.0	2.0	903	$1,847	$2.05	46d	1	0.78mi
2077 Woodbourne Ave Baltimore, MD	1.0–2.0	1.0	830	$1,419	$1.71	4d	5	0.82mi
3021 Echodale Ave Unit 2 Baltimore, MD	2.0	1.0	750	$999	$1.33	46d	1	0.84mi
3010 Woodring Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,600	$1.78	46d	1	0.85mi
6915 Harford Rd Unit 1 Baltimore, MD	1.0	1.0	658	$1,250	$1.90	5d	1	0.91mi
6915 Harford Rd Unit 3 Baltimore, MD	1.0	1.0	600	$1,250	$2.08	46d	1	0.91mi
6915 Harford Rd Unit 3 Baltimore, MD	1.0	1.0	658	$1,150	$1.75	5d	1	0.91mi
4902 Gilray Dr Baltimore, MD	3.0	2.0	776	$2,400	$3.09	26d	1	0.91mi
5515 Hillen Rd Unit B Baltimore, MD	1.0	1.0	600	$1,200	$2.00	46d	1	0.95mi
1712 Waverly Way Baltimore, MD	1.0–2.0	1.0	675	$1,520	$2.25	0d	4	0.95mi
1610 Wentworth Ave Parkville, MD	3.0	1.0	1024	$1,900	$1.86	46d	1	1.05mi
6101 Loch Raven Blvd Baltimore, MD	1.0–2.0	1.0–2.0	1138	$2,378	$2.09	0d	8	1.09mi
3607 Bayonne Ave Unit 1 Baltimore, MD	1.0	1.0	750	$1,100	$1.47	26d	1	1.11mi
3607 Bayonne Ave Unit 2 Baltimore, MD	2.0	1.0	900	$1,300	$1.44	26d	1	1.11mi
2825 Clearview Ave Unit 2 Parkville, MD	1.0	1.0	650	$1,200	$1.85	6d	1	1.12mi
34 Dowling Cir Parkville, MD	1.0–2.0	1.0	851	$1,440	$1.69	1d	32	1.28mi
1408 Cedarcroft Rd Baltimore, MD	3.0	2.0	912	$1,957	$2.15	46d	1	1.29mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	46d	7	1.29mi
6535 Falkirk Rd Baltimore, MD	2.0	1.0	630	$1,469	$2.33	20d	1	1.31mi
6535 Falkirk Rd Baltimore, MD	2.0	1.0	630	$1,539	$2.44	46d	1	1.31mi
6535 Falkirk Rd Baltimore, MD	2.0	1.0	630	$1,559	$2.47	1d	1	1.31mi
6535 Falkirk Rd Baltimore, MD	1.0	1.0	550	$1,369	$2.49	5d	1	1.31mi
6535 Falkirk Rd Baltimore, MD	2.0	1.0	630	$1,509	$2.40	26d	1	1.31mi
2525 Wendover Rd Unit B Parkville, MD	2.0	1.0	730	$1,650	$2.26	46d	1	1.31mi
1414 Regester Ave Unit 1545740P Baltimore, MD	1.0	1.0	548	$4,516	$8.24	18d	1	1.32mi

Listing history 27 events

1. 2026-03-25
   status Pending
2. 2026-03-10
   status Active
3. 2026-02-26
   historical Active Under Contract
4. 2026-02-19
   price $149,999
5. 2025-12-09
   listed $169,999 Active
6. 2010-11-29
   historical
7. 2010-11-29
   historical Expired
8. 2010-06-27
   price
9. 2010-05-28
   listed Active
10. 2010-05-28
    listed $199,900
11. 2009-05-31
    historical
12. 2009-03-02
    price
13. 2009-02-20
    price
14. 2008-11-15
    listed
15. 2008-07-01
    historical
16. 2008-02-15
    price
17. 2007-12-18
    listed
18. 1998-02-24
    soldstatus $50,000
19. 1998-02-24
    soldstatus $50,000
20. 1998-02-05
    historical
21. 1998-01-28
    soldstatus $50,460
22. 1998-01-09
    historical
23. 1997-11-01
    listed $59,900
24. 1997-10-22
    historical
25. 1996-12-03
    listed
26. 1995-01-26
    listed
27. 1991-04-19
    soldstatus $65,000

ⓘ 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: $2,922 · $243/mo
• Projected year-2 tax: $2,922 · $243/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 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,128
• − Mortgage interest: −$8,402
• − Property taxes: −$2,922
• − Insurance: −$750
• − Repairs & maintenance: −$1,450
• − Management: −$1,450
• − Depreciation: −$4,364
• Taxable loss: −$1,210
• Est. tax savings @ 24.0%: +$290
• After-tax cash flow: $1,501/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): 21,092
• Household income: $86,366
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 432.0

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 0.56)
• Race & ethnicity: Black 58% White 33% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Italian 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 93% 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: ▼ -211.52%
• Current HPI: 310.5637
• Rent YoY: —
• 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

+130.8% since first listed

27 events — show timeline

• 2026-03-25 Pending — BRIGHT MLS
• 2026-03-10 Relisted — BRIGHT MLS
• 2026-02-26 Contingent — BRIGHT MLS
• 2026-02-19 Price Changed $149,999 BRIGHT MLS
• 2025-12-09 Listed $169,999 BRIGHT MLS
• 2010-11-29 Listing Removed — BRIGHT MLS
• 2010-11-29 Delisted — MRIS
• 2010-06-27 Price Changed — MRIS
• 2010-05-28 Listed — MRIS
• 2010-05-28 Listed $199,900 BRIGHT MLS
• 2009-05-31 Delisted — MRIS
• 2009-03-02 Price Changed — MRIS
• 2009-02-20 Price Changed — MRIS
• 2008-11-15 Listed — MRIS
• 2008-07-01 Delisted — MRIS
• 2008-02-15 Price Changed — MRIS
• 2007-12-18 Listed — MRIS
• 1998-02-24 Sold (Public Records) $50,000 Public Records
• 1998-02-24 Sold (Public Records) $50,000 Public Records
• 1998-02-05 Delisted — MRIS
• 1998-01-28 Sold (MLS) $50,460 MRIS
• 1998-01-09 Delisted — MRIS
• 1997-11-01 Listed $59,900 MRIS
• 1997-10-22 Delisted — MRIS
• 1996-12-03 Listed — MRIS
• 1995-01-26 Listed — MRIS
• 1991-04-19 Sold (Public Records) $65,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $2,922 · +3.8% YoY. Source: county tax records.