3137 Elmora Ave · Baltimore, MD 21213

$79,000

3 bd · 2.0 ba · 1,522 sqft · Townhouse public records · 37 Days on market

Built 1920 1,306 sqft lot $52/sqft · 42% below area Est $136k · 42% under

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Listing remarks

Welcome to 3137 Elmora Ave A Charming 3 bedroom 1 bathroom home with vinyl windows, updated vinyl flooring and ample storage and workspace perfect for relaxing and entertaining. Home is located in bel air/ edison subdivision. All bedrooms are well sized, providing a peaceful retreat at the end of the day. Whether your a first time homeowner looking to put in sweat equity or a seasoned investor. This home is perfect for your next flip or your first home. Home has great bones and is being sold AS-IS. Seller will make no repairs. All offers must have $1000 deposit, Proof of Funds and All Required Addenda. Show and sell this one today!!

Key facts

• Vinyl windows
• Ample storage
• Workspace

Tags

• VINYL WINDOWS
• UPDATED VINYL FLOORING
• AMPLE STORAGE
• WORKSPACE
• BEL AIR EDISON SUBDIVISION

Property features AI

Finance

• HOA & community: Ownership interest: Ground rent

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Interior townhouse/rowhouse; Above-grade finished area reported by assessor (1,372); Below-grade finished area reported by assessor (150)
• Construction: Brick construction; Permanent foundation; Other structures above and below grade
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level
• Flooring: Laminated flooring; Hardwood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas heating and hot water
• Interior features: Basement with interior access; unfinished with space for rooms; Living area reported by assessor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $79k.

Deal economics

• At list price, monthly cash flow is $893 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.9% 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 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
• This rent runs 43% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $97 of equity ($546 loan paydown + $-449 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 $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y 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.
• Current owner paid $50k; list at $79k implies a 58% gain — meaningful room to come down on a strong offer.

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 $76,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 2.30% ✓
• Cap rate: 19.86%
• Cash-on-cash: 48.45%
• DSCR: 3.16
• GRM: 3.6

CMA / ARV

• ARV (median comp): $136,272
• List price: $79,000
• Delta: -42.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3564 Elmora Ave	0.51mi	3/1.5	1,478 (-3%)	1mo	$133,500	$90	68
3114 Mareco Ave	0.44mi	3/2.0	1,410 (-7%)	2mo	$125,000	$89	66
3620 Erdman Ave	0.55mi	3/2.0	1,600 (+5%)	2mo	$120,000	$75	64
3533 Elmley Ave	0.44mi	3/1.5	1,344 (-12%)	1mo	$70,000	$52	57
2902 Clifton Park Ter	0.48mi	3/1.5	1,344 (-12%)	1mo	$66,000	$49	56
2846 Lake Ave	0.63mi	4/2.5 (+1)	1,455 (-4%)	2mo	$235,000	$162	55
2422 E Federal St	0.50mi	3/1.0	1,350 (-11%)	2mo	$55,000	$41	52
1418 N Linwood Ave	0.57mi	3/1.0	1,356 (-11%)	0mo	$90,000	$66	51
1411 Kenhill Ave	0.58mi	4/2.0 (+1)	1,356 (-11%)	1mo	$240,000	$177	49
2014 N Wolfe St N	0.70mi	3/2.0	1,701 (+12%)	1mo	$220,000	$129	47
3733 Ravenwood Ave	0.75mi	3/2.0	1,350 (-11%)	1mo	$135,000	$100	46
2835 Brendan Ave	0.67mi	3/1.0	1,725 (+13%)	2mo	$76,500	$44	41

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: 51.5%
• Equity multiple: 3.56×
• Total profit: $56,724
• Equity at exit: $20,721

10-year hold

• IRR: 55.5%
• Equity multiple: 7.73×
• Total profit: $148,918
• Equity at exit: $23,200

Cash invested: $22,120 (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: 3.6×

Monthly cashflow live

• Estimated rent: $1,820 high
• Mortgage (P&I): −$414
• Tax from tax record: −$98 /mo · $1,174/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $893

Break-even live

Break-even rent $690

Max offer price $79,000

Occupancy floor 46%

Sensitivity live

Price	-10% $938	-5% $915	+0% $893	+5% $871	+10% $848
Rent	-10% $749	-5% $821	+0% $893	+5% $965	+10% $1,037
Rate	-1.0pp $933	-0.5pp $913	base $893	+0.5pp $873	+1.0pp $852

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.03mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.08mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.08mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.14mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	24d	1	0.16mi
3005 Belair Rd Baltimore, MD	3.0	2.0	2000	$1,600	$0.80	18d	1	0.31mi
1829 N Port St Baltimore, MD	3.0	1.5	2000	$1,625	$0.81	44d	1	0.38mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	21d	1	0.38mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	24d	1	0.45mi
2522 E Federal St Baltimore, MD	2.0	2.0	1760	$1,400	$0.80	44d	1	0.49mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	21d	1	0.56mi
2621 E Oliver St Baltimore, MD	3.0	2.0	1600	$1,700	$1.06	24d	1	0.57mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.60mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	44d	1	0.61mi
1403 N Linwood Ave Baltimore, MD	3.0	2.0	1660	$1,995	$1.20	44d	1	0.61mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	5d	1	0.61mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	44d	1	0.62mi
4104 Erdman Ave Unit 2 Baltimore, MD	2.0	1.0	1566	$1,075	$0.69	5d	1	0.63mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,350	$1.27	24d	1	0.64mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	44d	1	0.69mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	11d	1	0.69mi
2626 E Preston St Baltimore, MD	3.0	1.0	1136	$1,800	$1.58	44d	1	0.69mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	3d	1	0.71mi
2837 Pelham Ave Baltimore, MD	4.0	2.0	1164	$1,675	$1.44	44d	1	0.74mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	24d	1	0.74mi
2706 E Biddle St Baltimore, MD	3.0	2.0	1577	$1,395	$0.88	44d	1	0.76mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	44d	1	0.76mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	24d	1	0.77mi
3572 Juneway Unit 1 Baltimore, MD	2.0	1.0	1800	$1,200	$0.67	44d	1	0.80mi
2430 E Biddle St Baltimore, MD	2.0	2.0	1300	$2,000	$1.54	44d	1	0.80mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.80mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	0.80mi
1629 N Wolfe St Baltimore, MD	3.0	3.0	1561	$1,800	$1.15	24d	1	0.81mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	11d	1	0.81mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	0.83mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.84mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	44d	1	0.86mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.86mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	44d	1	0.86mi
3027 Shannon Dr Baltimore, MD	3.0	2.0	1950	$2,500	$1.28	44d	1	0.87mi

Listing history 26 events

1. 2026-06-04
   days on market $79,000 Active 37 DOM
2. 2026-06-03
   days on market $79,000 Active 36 DOM
3. 2026-06-02
   days on market $79,000 Active 35 DOM
4. 2026-06-01
   days on market $79,000 Active 34 DOM
5. 2026-05-31
   days on market $79,000 Active 33 DOM
6. 2026-04-28
   historical
7. 2026-04-28
   listed $79,000 Active 640-char remark
8. 2026-03-03
   listed $79,900 Active
9. 2026-03-03
   historical
10. 2026-01-22
    status Active
11. 2026-01-14
    status Pending
12. 2026-01-12
    listed $84,900 Active
13. 2026-01-12
    historical
14. 2025-12-19
    price $94,900
15. 2025-11-11
    listed $99,900 Active
16. 2019-01-11
    soldstatus $50,000
17. 2018-12-31
    soldstatus $50,000 Closed
18. 2018-12-12
    status Pending
19. 2018-11-26
    price $52,900
20. 2018-11-16
    price $59,900
21. 2018-10-01
    price $64,900
22. 2018-09-26
    price $69,900
23. 2018-09-19
    listed $76,900 Active
24. 2008-01-23
    soldstatus $45,000
25. 2007-12-27
    historical
26. 2007-11-19
    listed

ⓘ 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: $1,174 · $98/mo
• Projected year-2 tax: $1,174 · $98/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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,845
• − Mortgage interest: −$4,425
• − Property taxes: −$1,174
• − Insurance: −$395
• − Repairs & maintenance: −$1,748
• − Management: −$1,748
• − Depreciation: −$2,298
• Taxable income: $10,057
• Est. tax owed @ 24.0%: −$2,414
• After-tax cash flow: $8,303/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

+75.6% since first listed

22 events — show timeline

• 2026-06-04 Listing Removed — BRIGHT MLS
• 2026-04-28 Listing Removed — BRIGHT MLS
• 2026-04-28 Listed $79,000 BRIGHT MLS
• 2026-03-03 Listing Removed — BRIGHT MLS
• 2026-03-03 Listed $79,900 BRIGHT MLS
• 2026-01-22 Relisted — BRIGHT MLS
• 2026-01-14 Pending — BRIGHT MLS
• 2026-01-12 Listing Removed — BRIGHT MLS
• 2026-01-12 Listed $84,900 BRIGHT MLS
• 2025-12-19 Price Changed $94,900 BRIGHT MLS
• 2025-11-11 Listed $99,900 BRIGHT MLS
• 2019-01-11 Sold (Public Records) $50,000 Public Records
• 2018-12-31 Sold (MLS) $50,000 BRIGHT MLS
• 2018-12-12 Pending — BRIGHT MLS
• 2018-11-26 Price Changed $52,900 BRIGHT MLS
• 2018-11-16 Price Changed $59,900 BRIGHT MLS
• 2018-10-01 Price Changed $64,900 BRIGHT MLS
• 2018-09-26 Price Changed $69,900 BRIGHT MLS
• 2018-09-19 Listed $76,900 BRIGHT MLS
• 2008-01-23 Sold (Public Records) $45,000 Public Records
• 2007-12-27 Delisted — MRIS
• 2007-11-19 Listed — MRIS

Property tax history

-3.8%/yr

Latest (2025): $1,174 · +10.3% YoY. Source: county tax records.