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5217 Saint Charles Ave
B+ Composite 76.15
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
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +3.8/5.0
  • Condition / age +3.8/5.0
  • Rent growth +3.1/5.0
  • Schools +0.5/10.0
  • Appreciation +0.0/10.0

$150,000

5217 Saint Charles Ave · Baltimore, MD 21215
5 bd · 1.0 ba · 1,571 sqft · Townhouse · 127 Days on market
Built 1920 Good condition 1,529 sqft lot $95/sqft · 26% below area Est $204k · 26% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Investor-friendly opportunity in a promising neighborhood! This 2 bedroom, 1 bathroom home features an additional bonus room with a skylight, offering great natural light and flexibility for a home office or extra living space. The spacious basement holds huge potential for added value or expansion. The property is structurally solid and doesn’t require major work — just the right updates to unlock its full potential. Ideal for a fix and flip or renovate and rent strategy. Don’t miss this great opportunity! The seller does not know the ground rent and will not redeem it. The property is currently boarded up. Inside is just like in the pictures.

Key facts

  • Quartz countertops
  • Modern cabinetry
  • Updated home

Tags

UPDATED HOMEBRIGHT OPEN CONCEPT LAYOUTFIREPLACE ACCENT WALLBRAND-NEW KITCHENMODERN CABINETRYQUARTZ COUNTERTOPS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5-bed/1.0-bath townhouse listed at $150k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $793 ($10k/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: $132k (12.0% 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: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 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: Rents rising (+2.4%/yr); 524 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 76d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 73% 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).

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.
  • At projected returns (-3.0% appreciation + 2.4% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 127 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
  • 16 sale attempts since 13y 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 $63k; list at $150k implies a 138% 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: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 127 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 1920 — 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
1.54%
Cap rate
12.64%
Cash-on-cash
22.66%
DSCR
2.01
GRM
5.4

CMA / ARV

ARV (median comp)
$204,000
List price
$150,000
Delta
-26.47%
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
3712 Arcadia Ave 0.26mi 4/2.5 (-1) 1,600 (+2%) 1mo $208,000 $130 73
5337 Gist Ave 0.22mi 4/2.5 (-1) 1,620 (+3%) 2mo $220,000 $136 72
5312 Gist Ave 0.18mi 4/2.5 (-1) 1,620 (+3%) 7mo $240,000 $148 69
3820 Dolfield Ave 0.43mi 5/3.0 1,576 (+0%) 10mo $187,000 $119 63
3223 Spaulding Ave 0.40mi 4/2.0 (-1) 1,500 (-4%) 4mo $219,900 $147 62
3951 Boarman Ave 0.74mi 4/2.5 (-1) 1,588 (+1%) 5mo $249,000 $157 49
4011 Oakford Ave 0.65mi 5/3.0 1,504 (-4%) 10mo $304,000 $202 46
3716 Beehler Ave 0.44mi 4/4.0 (-1) 1,445 (-8%) 6mo $265,000 $183 44
3721 Manchester Ave 0.40mi 4/4.0 (-1) 1,400 (-11%) 3mo $269,900 $193 44
4411 Belvieu Ave 0.74mi 4/2.0 (-1) 1,696 (+8%) 7mo $190,000 $112 38
4911 Queensberry Ave 0.72mi 4/1.5 (-1) 1,390 (-12%) 6mo $155,000 $112 36
3015 Spaulding Ave 0.66mi 4/3.5 (-1) 1,795 (+14%) 2mo $271,500 $151 28

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 · 2.41% rent growth · sell at horizon

5-year hold
IRR
14.9%
Equity multiple
1.59×
Total profit
$24,881
Equity at exit
$22,365
10-year hold
IRR
23.2%
Equity multiple
2.94×
Total profit
$81,319
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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
14 active · 15 under contract
Months of supply
4.7 mo (21%/mo absorbed)
Median asking
$192,450 ($131/sqft)
Median days on market
61 d
This list price
14% of active listings are priced below it
ARV vs active asking
-1.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 21215

Rents YoY
2.4%
Active inventory
524
Price-to-rent
5.4×

Monthly cashflow live

Estimated rent
$2,305 high interval (Pro) →
Mortgage (P&I)
$787
Tax from tax record
$179 /mo · $2,144/yr
Insurance
$62
HOA
$0
Vacancy / Maint / Mgmt
$484
Net cashflow
$793

Break-even live

Break-even rent $1,301
Max offer price $150,000
Occupancy floor 61%

Sensitivity live

Price -10% $878 -5% $836 +0% $793 +5% $751 +10% $708
Rent -10% $611 -5% $702 +0% $793 +5% $884 +10% $975
Rate -1.0pp $869 -0.5pp $831 base $793 +0.5pp $754 +1.0pp $715

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

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 11 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3516 Spaulding Ave Baltimore, MD 5.0 2.0 1500 $2,000 $1.33 76d 1 0.26mi
3503 Oakmont Ave Apt 2 Baltimore, MD 5.0 1.0 1270 $1,200 $0.94 10d 1 0.37mi
3784 Columbus Dr Baltimore, MD 4.0 2.0 1250 $2,200 $1.76 119d 1 0.48mi
5306 Ethelbert Ave Baltimore, MD 5.0 2.5 1510 $3,000 $1.99 100d 1 0.48mi
4037 Cedardale Rd Baltimore, MD 5.0 3.0 1500 $2,850 $1.90 67d 1 1.08mi
3709 Fords Ln Baltimore, MD 4.0 3.5 2248 $3,000 $1.33 94d 1 1.21mi
5714 Rusk Ave Baltimore, MD 4.0 2.5 1760 $3,000 $1.70 5d 1 1.22mi
4031 Park Heights Ave Baltimore, MD 5.0 4.0 1200 $2,790 $2.33 10d 1 1.25mi
5872 Pimlico Rd Unit Main Baltimore, MD 5.0 3.5 2014 $3,950 $1.96 88d 1 1.38mi
3204 Sequoia Ave Baltimore, MD 4.0 2.5 1791 $2,600 $1.45 139d 1 1.41mi
2448 Shirley Ave Baltimore, MD 4.0 2.0 2000 $1,999 $1.00 64d 1 1.45mi

Property features AI

Finance

Other
Ownership interest: Ground rent
Financial info
Ground rent exists ($96, paid semi-annually)Annual ground rent listed in income/expense information

Exterior

Parking
On-street parking
Utilities
Public waterPublic sewer
Home design
Interior townhouse / rowhouseAbove-grade finished area approximately 1,571 (estimated)
Construction
Brick constructionEstimated year builtOther foundation
Exterior features
Property located within city limitsGround rent applies (semi-annual payment)

Interior

Bedrooms
Three bedrooms on the first upper levelTwo bedrooms on the first lower level
Bathrooms
One full bathroom (all upper levels)
Heating & cooling
Central heating (natural gas)Central air conditioning (natural gas)
Interior features
Estimated living areaFully finished basement with interior access, outside entrance, and space for additional roomsTwo or more access exits
Laundry & utility
Laundry hookups in the basement

Listing history 50 events

  1. 2026-09-04
    days on market $150,000 Active 127 DOM
  2. 2026-09-03
    days on market $150,000 Active 126 DOM
  3. 2026-08-31
    days on market $150,000 Active 123 DOM
  4. 2026-08-30
    days on market $150,000 Active 122 DOM
  5. 2026-08-29
    days on market $150,000 Active 121 DOM
  6. 2026-08-28
    days on market $150,000 Active 120 DOM
  7. 2026-08-27
    days on market $150,000 Active 119 DOM
  8. 2026-08-25
    pricedays on market $150,000 Active 117 DOM
  9. 2026-08-24
    days on market $159,999 Active 116 DOM
  10. 2026-08-23
    days on market $159,999 Active 115 DOM
  11. 2026-08-22
    days on market $159,999 Active 114 DOM
  12. 2026-08-21
    days on market $159,999 Active 113 DOM
  13. 2026-08-20
    days on market $159,999 Active 112 DOM
  14. 2026-08-19
    days on market $159,999 Active 111 DOM
  15. 2026-08-18
    days on market $159,999 Active 110 DOM
  16. 2026-08-17
    days on market $159,999 Active 109 DOM
  17. 2026-08-16
    days on market $159,999 Active 108 DOM
  18. 2026-08-15
    days on market $159,999 Active 107 DOM
  19. 2026-08-14
    days on market $159,999 Active 106 DOM
  20. 2026-08-13
    days on market $159,999 Active 105 DOM
  21. 2026-08-12
    days on market $159,999 Active 104 DOM
  22. 2026-08-11
    days on market $159,999 Active 103 DOM
  23. 2026-08-10
    price $159,999 Active 102 DOM
  24. 2026-08-10
    days on market $165,000 Active 102 DOM
  25. 2026-08-09
    days on market $165,000 Active 101 DOM
  26. 2026-08-08
    days on market $165,000 Active 100 DOM
  27. 2026-08-06
    days on market $165,000 Active 98 DOM
  28. 2026-08-05
    days on market $165,000 Active 97 DOM
  29. 2026-08-04
    days on market $165,000 Active 96 DOM
  30. 2026-08-03
    days on market $165,000 Active 95 DOM
  31. 2026-07-31
    days on market $165,000 Active 92 DOM
  32. 2026-07-30
    days on market $165,000 Active 90 DOM
  33. 2026-07-28
    pricedays on market $165,000 Active 89 DOM
  34. 2026-07-26
    days on market $170,000 Active 87 DOM
  35. 2026-07-24
    days on market $170,000 Active 85 DOM
  36. 2026-07-23
    days on market $170,000 Active 84 DOM
  37. 2026-07-22
    days on market $170,000 Active 83 DOM
  38. 2026-07-21
    days on market $170,000 Active 82 DOM
  39. 2026-07-20
    days on market $170,000 Active 81 DOM
  40. 2026-07-18
    days on market $170,000 Active 79 DOM
  41. 2026-07-18
    days on market $170,000 Active 78 DOM
  42. 2026-07-16
    days on market $170,000 Active 77 DOM
  43. 2026-07-15
    days on market $170,000 Active 76 DOM
  44. 2026-07-14
    days on market $170,000 Active 75 DOM
  45. 2026-07-13
    days on market $170,000 Active 74 DOM
  46. 2026-07-13
    days on market $170,000 Active 73 DOM
  47. 2026-07-11
    days on market $170,000 Active 72 DOM
  48. 2026-07-10
    days on market $170,000 Active 71 DOM
  49. 2026-07-09
    days on market $170,000 Active 70 DOM
  50. 2026-07-07
    days on market $170,000 Active 68 DOM

ⓘ 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
$2,144 · $179/mo
Projected year-2 tax
$2,144 · $179/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 ≥104°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$27,660
− Mortgage interest
−$8,402
− Property taxes
−$2,144
− Insurance
−$750
− Repairs & maintenance
−$2,213
− Management
−$2,213
− Depreciation
−$4,364
Taxable income
$7,575
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,818
After-tax cash flow
$7,700/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.

Condition & rehab AI · 10 photos

Good 75/100 Cosmetic rehab Est. rehab $7,855–$23,565 screening

This updated townhouse is in good condition with a fresh paint job and new kitchen appliances, making it a great investment opportunity.

Value-add opportunities

  • Resale Painting the exterior and front porch — Fresh paint enhances curb appeal and can increase the home's value.
  • Rental Landscaping improvements — Well-maintained landscaping can attract tenants and increase rental value.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 5/100

Zoned Schools

Elementary Arlington Elementary F MD #766/860 Nat'l #40,579/41,679 High Forest Park High F MD #208/222 Nat'l #16,861/17,239

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
B Composite livability gradescore 76/100

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 · 624,249 people
City population
588,727
Metro
Baltimore-Columbia-Towson, MD
Population (ZIP)
52,229
Household income
$51,587
Rent vs Own
45.2% rent · 54.8% own
Severe rent burden
11% of renters

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 (73%)
Race & ethnicity
Black 73% White 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
Common ancestry
Scotch-Irish 2% Romanian 2% Italian 1%
Foreign-born
9% · Canada, South Korea
Languages at home
91% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 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

Price history

+415.2% since first listed
42 events — show timeline
  • 2026-04-30 Listed $170,000 BRIGHT MLS
  • 2025-12-31 Sold (Public Records) $63,000 Public Records
  • 2025-11-21 Sold (MLS) $63,000 BRIGHT MLS
  • 2025-10-31 Listing Removed BRIGHT MLS
  • 2025-09-03 Price Changed $89,900 BRIGHT MLS
  • 2025-07-20 Relisted BRIGHT MLS
  • 2025-07-19 Contingent BRIGHT MLS
  • 2025-05-25 Listed $95,000 BRIGHT MLS
  • 2024-12-02 Listing Removed BRIGHT MLS
  • 2024-09-10 Price Changed $115,000 BRIGHT MLS
  • 2024-08-02 Listed $120,000 BRIGHT MLS
  • 2023-02-03 Sold (Public Records) $113,000 Public Records
  • 2017-07-10 Listing Removed BRIGHT MLS
  • 2017-07-10 Delisted MRIS
  • 2017-07-07 Listed MRIS
  • 2017-07-07 Listed $25,000 BRIGHT MLS
  • 2017-06-05 Listing Removed BRIGHT MLS
  • 2017-06-05 Delisted MRIS
  • 2017-06-01 Price Changed MRIS
  • 2017-05-04 Price Changed MRIS
  • 2017-04-11 Listed MRIS
  • 2017-04-11 Listed $75,000 BRIGHT MLS
  • 2017-04-05 Delisted MRIS
  • 2017-04-05 Listing Removed BRIGHT MLS
  • 2017-03-13 Delisted MRIS
  • 2017-03-13 Listing Removed BRIGHT MLS
  • 2017-03-09 Listed MRIS
  • 2017-03-09 Listed $85,000 BRIGHT MLS
  • 2017-01-16 Listed MRIS
  • 2017-01-16 Listed $85,000 BRIGHT MLS
  • 2014-12-05 Delisted MRIS
  • 2014-12-02 Sold (MLS) $13,000 BRIGHT MLS
  • 2014-12-02 Sold (MLS) $13,000 MRIS
  • 2014-11-03 Pending MRIS
  • 2014-11-02 Listing Removed BRIGHT MLS
  • 2014-08-14 Listed $16,900 MRIS
  • 2014-08-14 Listed $16,900 BRIGHT MLS
  • 2014-06-05 Delisted MRIS
  • 2014-06-05 Listing Removed BRIGHT MLS
  • 2014-03-27 Price Changed MRIS
  • 2013-10-22 Listed MRIS
  • 2013-10-21 Listed $33,000 BRIGHT MLS

Property tax history

+6.7%/yr

Latest (2025): $2,144 · +1421.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…