526 Sheridan Ave · Baltimore, MD 21212

$79,000

3 bd · 1.5 ba · 1,140 sqft · Townhouse public records · 147 Days on market

Built 1940 1,307 sqft lot $69/sqft · 54% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brick interior rowhome in the Govans area featuring 3 bedrooms and 1.5 baths. Two-story layout with covered front porch, fenced rear yard, replacement windows, and a basement with interior and exterior access. Radiator heat, natural gas, and public utilities. Property is being sold strictly AS-IS. Ideal opportunity for investor or owner-occupant renovation. Convenient access to York Road, Woodbourne Ave, and nearby amenities.

Key facts

• Covered front porch
• Natural gas
• Public utilities

Tags

• BRICK INTERIOR ROWHOME
• COVERED FRONT PORCH
• FENCED REAR YARD
• REPLACEMENT WINDOWS
• NATURAL GAS
• PUBLIC UTILITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $79k.

Deal economics

• At list price, monthly cash flow is $788 ($9k/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: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.3% 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 (+4.7%/yr); 135 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); 40% 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 $546 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 + 4.7% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y ago; this cycle's ask has dropped $14k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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: 2.20% ✓
• Cap rate: 18.26%
• Cash-on-cash: 42.76%
• DSCR: 2.90
• GRM: 3.8

CMA / ARV

• ARV (median comp): $171,348
• List price: $79,000
• Delta: -53.89%
• 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
5627 Ready Ave	0.27mi	3/2.0	1,186 (+4%)	3mo	$95,400	$80	76
812 Mccabe Ave	0.29mi	3/1.0	1,080 (-5%)	2mo	$150,000	$139	74
324 Woodbourne Ave	0.14mi	3/2.0	1,280 (+12%)	4mo	$286,425	$224	67
355 Homeland Southway Unit 2B	0.29mi	2/1.5 (-1)	1,043 (-8%)	0mo	$205,000	$197	67
380 Homeland Southway Unit 3A	0.31mi	2/2.0 (-1)	1,066 (-6%)	3mo	$225,000	$211	65
365 Homeland Southway Unit 2B	0.34mi	2/2.0 (-1)	1,061 (-7%)	4mo	$240,000	$226	62
341 Homeland Southway Unit 2A	0.37mi	2/2.0 (-1)	1,066 (-6%)	5mo	$200,000	$188	61
800 Radnor Ave	0.55mi	3/1.5	1,224 (+7%)	2mo	$99,900	$82	61
327 Homeland Southway Unit 3B	0.40mi	2/2.0 (-1)	1,055 (-8%)	5mo	$199,990	$190	58
1018 Cameron Rd	0.50mi	2/2.0 (-1)	1,032 (-10%)	1mo	$169,000	$164	53
4811 Kimberleigh Rd	0.59mi	3/1.5	1,024 (-10%)	4mo	$240,000	$234	52
634 Willow Ave	0.74mi	2/1.0 (-1)	986 (-14%)	4mo	$90,000	$91	32

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 41.5%
• Equity multiple: 2.83×
• Total profit: $40,384
• Equity at exit: $11,779

10-year hold

• IRR: 48.5%
• Equity multiple: 6.08×
• Total profit: $112,474
• Equity at exit: $6,830

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 21212

• Rents YoY: 4.7%
• Active inventory: 135
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,740 high
• Mortgage (P&I): −$414
• Tax from tax record: −$139 /mo · $1,672/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $788

Break-even live

Break-even rent $742

Max offer price $79,000

Occupancy floor 50%

Sensitivity live

Price	-10% $833	-5% $811	+0% $788	+5% $766	+10% $743
Rent	-10% $651	-5% $719	+0% $788	+5% $857	+10% $926
Rate	-1.0pp $828	-0.5pp $808	base $788	+0.5pp $768	+1.0pp $747

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
5307 York Rd Baltimore, MD	2.0	1.0	1120	$1,200	$1.07	45d	1	0.06mi
5200 Ready Ave Baltimore, MD	3.0	1.5	1116	$1,950	$1.75	5d	1	0.14mi
711 1/2 McCabe Ave Baltimore, MD	4.0	3.0	1204	$2,350	$1.95	5d	1	0.23mi
543 Chateau Ave Baltimore, MD	3.0	2.0	1152	$1,900	$1.65	5d	1	0.31mi
416 Winston Ave Unit 426-01 Baltimore, MD	2.0	1.0	890	$1,250	$1.40	45d	1	0.36mi
416 Winston Ave Unit 426-08 Baltimore, MD	2.0	1.0	790	$1,050	$1.33	25d	1	0.36mi
818 Bradhurst Rd Baltimore, MD	2.0	1.0	1216	$1,250	$1.03	45d	1	0.38mi
818 Bradhurst Rd Baltimore, MD	2.0	1.0	1216	$1,350	$1.11	5d	1	0.38mi
5618 Midwood Ave Unit 1 Baltimore, MD	2.0	1.0	800	$1,250	$1.56	25d	1	0.49mi
5622 Midwood Ave Baltimore, MD	3.0	2.0	1452	$2,300	$1.58	45d	1	0.49mi
5626 Midwood Ave Unit 2 Baltimore, MD	2.0	1.0	1452	$1,100	$0.76	25d	1	0.49mi
1006 Cameron Rd Baltimore, MD	2.0	1.0	1032	$950	$0.92	45d	1	0.50mi
5001 Midwood Ave Apt 2A Baltimore, MD	2.0	1.0	750	$1,265	$1.69	45d	1	0.54mi
1090 Cameron Rd Baltimore, MD	2.0	1.0	832	$1,675	$2.01	5d	1	0.63mi
1221 Glenwood Ave Baltimore, MD	3.0	2.0	1390	$2,595	$1.87	45d	1	0.64mi
917 Reverdy Rd Unit A Baltimore, MD	3.0	1.0	1200	$2,100	$1.75	45d	1	0.67mi
531 Willow Ave Unit Na Baltimore, MD	4.0	1.0	1300	$1,800	$1.38	21d	1	0.71mi
1224 Winston Ave Baltimore, MD	3.0	2.0	1248	$2,100	$1.68	19d	1	0.71mi
835 E Cold Spring Ln Baltimore, MD	2.0	1.5	997	$1,400	$1.40	25d	1	0.72mi
1275 Kitmore Rd Unit 1215B-T Baltimore, MD	2.0	1.0	811	$1,435	$1.77	5d	1	0.73mi
1275 Kitmore Rd Unit 1248B-A Baltimore, MD	2.0	1.0	812	$1,360	$1.67	5d	1	0.73mi
1275 Kitmore Rd Unit 1245K-T Baltimore, MD	3.0	1.0	935	$1,895	$2.03	5d	1	0.73mi
1275 Kitmore Rd Unit 1267K-T Baltimore, MD	2.0	1.0	827	$1,585	$1.92	45d	1	0.73mi
1275 Kitmore Rd Baltimore, MD	2.0	1.0	827	$1,525	$1.84	45d	1	0.73mi
1275 Kitmore Rd Unit 1276B-A Baltimore, MD	2.0	1.0	812	$1,360	$1.67	45d	1	0.73mi
1275 Kitmore Rd Unit 1221B-T Baltimore, MD	2.0	1.0	811	$1,560	$1.92	25d	1	0.73mi
1275 Kitmore Rd Unit 1262B-A Baltimore, MD	2.0	1.0	923	$1,320	$1.43	3d	1	0.73mi
1275 Kitmore Rd Unit 1259K-T Baltimore, MD	2.0	1.0	811	$1,535	$1.89	5d	1	0.73mi
1275 Kitmore Rd Unit 1263K-T Baltimore, MD	2.0	1.0	811	$1,485	$1.83	5d	1	0.73mi
1275 Kitmore Rd Unit 1260K-T Baltimore, MD	2.0	1.0	811	$1,410	$1.74	5d	1	0.73mi
1260 Rossiter Ave Baltimore, MD	2.0	1.0	710	$1,250	$1.76	3d	37	0.78mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	21d	1	0.78mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	45d	1	0.78mi
1020 Dartmouth Glen Way Baltimore, MD	3.0	2.5	1152	$2,250	$1.95	25d	1	0.86mi
1111 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	1452	$1,050	$0.72	45d	1	0.93mi
1106 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	1100	$1,450	$1.32	45d	1	0.94mi
720 Springfield Ave Baltimore, MD	3.0	1.0	1160	$2,000	$1.72	45d	1	0.95mi
1116 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	876	$1,750	$2.00	45d	1	0.96mi
1116 Gleneagle Rd Unit 2 Baltimore, MD	2.0	1.0	726	$1,750	$2.41	25d	1	0.96mi
1116 Gleneagle Rd Unit 1 Baltimore, MD	2.0	1.0	726	$1,695	$2.33	5d	1	0.96mi

Listing history 26 events

1. 2026-06-21
   days on market $79,000 Active 147 DOM
2. 2026-06-18
   days on market $79,000 Active 144 DOM
3. 2026-06-17
   days on market $79,000 Active 143 DOM
4. 2026-06-16
   days on market $79,000 Active 142 DOM
5. 2026-06-15
   days on market $79,000 Active 141 DOM
6. 2026-06-13
   days on market $79,000 Active 139 DOM
7. 2026-06-09
   days on market $79,000 Active 135 DOM
8. 2026-06-08
   days on market $79,000 Active 134 DOM
9. 2026-06-07
   days on market $79,000 Active 133 DOM
10. 2026-06-04
    days on market $79,000 Active 130 DOM
11. 2026-06-03
    days on market $79,000 Active 129 DOM
12. 2026-06-02
    days on market $79,000 Active 128 DOM
13. 2026-06-01
    days on market $79,000 Active 127 DOM
14. 2026-05-31
    days on market $79,000 Active 126 DOM
15. 2026-04-22
    price $83,900 429-char remark

    Show marketing remark (429 chars)

    Brick interior rowhome in the Govans area featuring 3 bedrooms and 1.5 baths. Two-story layout with covered front porch, fenced rear yard, replacement windows, and a basement with interior and exterior access. Radiator heat, natural gas, and public utilities. Property is being sold strictly AS-IS. Ideal opportunity for investor or owner-occupant renovation. Convenient access to York Road, Woodbourne Ave, and nearby amenities.

16. 2026-02-28
    price $89,900 429-char remark

    Show marketing remark (429 chars)

    Brick interior rowhome in the Govans area featuring 3 bedrooms and 1.5 baths. Two-story layout with covered front porch, fenced rear yard, replacement windows, and a basement with interior and exterior access. Radiator heat, natural gas, and public utilities. Property is being sold strictly AS-IS. Ideal opportunity for investor or owner-occupant renovation. Convenient access to York Road, Woodbourne Ave, and nearby amenities.

17. 2026-01-25
    listed $93,000 Active 429-char remark

    Show marketing remark (429 chars)

    Brick interior rowhome in the Govans area featuring 3 bedrooms and 1.5 baths. Two-story layout with covered front porch, fenced rear yard, replacement windows, and a basement with interior and exterior access. Radiator heat, natural gas, and public utilities. Property is being sold strictly AS-IS. Ideal opportunity for investor or owner-occupant renovation. Convenient access to York Road, Woodbourne Ave, and nearby amenities.

18. 2022-06-29
    soldstatus $75,000
19. 2022-02-10
    soldstatus $75,000 Closed 238-char remark

    Show marketing remark (238 chars)

    Improved price!!! Hurry up before it's gone. Three Bedroom One and Half Bath Brick Townhouse, Front and Rear Covered Porch, Replacement Windows, Club Basement, Fenced Yard. This home needs just a little TLC to reach its full potentional.

20. 2022-01-02
    status Pending 238-char remark

    Show marketing remark (238 chars)

    Improved price!!! Hurry up before it's gone. Three Bedroom One and Half Bath Brick Townhouse, Front and Rear Covered Porch, Replacement Windows, Club Basement, Fenced Yard. This home needs just a little TLC to reach its full potentional.

21. 2021-10-05
    price $80,000 238-char remark

    Show marketing remark (238 chars)

    Improved price!!! Hurry up before it's gone. Three Bedroom One and Half Bath Brick Townhouse, Front and Rear Covered Porch, Replacement Windows, Club Basement, Fenced Yard. This home needs just a little TLC to reach its full potentional.

22. 2021-09-09
    listed $90,000 Active 238-char remark

    Show marketing remark (238 chars)

    Improved price!!! Hurry up before it's gone. Three Bedroom One and Half Bath Brick Townhouse, Front and Rear Covered Porch, Replacement Windows, Club Basement, Fenced Yard. This home needs just a little TLC to reach its full potentional.

23. 2005-05-09
    soldstatus $40,000
24. 2005-04-28
    soldstatus $40,000
25. 2005-03-07
    historical
26. 2004-12-01
    listed $39,000

ⓘ 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: $1,672 · $139/mo
• Projected year-2 tax: $1,672 · $139/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: $20,882
• − Mortgage interest: −$4,425
• − Property taxes: −$1,672
• − Insurance: −$395
• − Repairs & maintenance: −$1,671
• − Management: −$1,671
• − Depreciation: −$2,298
• Taxable income: $8,750
• Est. tax owed @ 24.0%: −$2,100
• After-tax cash flow: $7,358/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): 33,974
• Household income: $96,685
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 769.0

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 0.64)
• Race & ethnicity: White 49% Black 35% Two or more races 9% Hispanic / Latino 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% 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: ▼ -392.44%
• Current HPI: 267.4569
• Rent YoY: ▲ 4.65%
• 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

+115.1% since first listed

12 events — show timeline

• 2026-04-22 Price Changed $83,900 BRIGHT MLS
• 2026-02-28 Price Changed $89,900 BRIGHT MLS
• 2026-01-25 Listed $93,000 BRIGHT MLS
• 2022-06-29 Sold (Public Records) $75,000 Public Records
• 2022-02-10 Sold (MLS) $75,000 BRIGHT MLS
• 2022-01-02 Pending — BRIGHT MLS
• 2021-10-05 Price Changed $80,000 BRIGHT MLS
• 2021-09-09 Listed $90,000 BRIGHT MLS
• 2005-05-09 Sold (Public Records) $40,000 Public Records
• 2005-04-28 Sold (MLS) $40,000 MRIS
• 2005-03-07 Delisted — MRIS
• 2004-12-01 Listed $39,000 MRIS

Property tax history

-0.4%/yr

Latest (2025): $1,672 · -19.5% YoY. Source: county tax records.