5217 Saint Charles Ave · Baltimore, MD 21215

$170,000

5 bd · 1.0 ba · 1,571 sqft · Townhouse · 49 Days on market

Built 1920 1,529 sqft lot $108/sqft · 15% below area Est $199k · 15% under

---

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 +14.1/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

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. Dawgs security door will be installed

Key facts

• Quartz countertops
• Modern cabinetry
• Updated home

Tags

• UPDATED HOME
• BRIGHT OPEN CONCEPT LAYOUT
• FIREPLACE ACCENT WALL
• BRAND-NEW KITCHEN
• MODERN CABINETRY
• QUARTZ COUNTERTOPS

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 water; Public sewer
• Home design: Interior townhouse / rowhouse; Above-grade finished area approximately 1,571 (estimated)
• Construction: Brick construction; Estimated year built; Other foundation
• Exterior features: Property located within city limits; Ground rent applies (semi-annual payment)

Interior

• Bedrooms: Three bedrooms on the first upper level; Two 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 area; Fully finished basement with interior access, outside entrance, and space for additional rooms; Two or more access exits
• Laundry & utility: Laundry hookups in the basement

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $883 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.5% 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 (+2.4%/yr); 351 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,562/mo this rent would consume 60% of the median local household income ($52k/yr) (locally 3644% 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 $1k of loan paydown is wiped out by about $5k 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 $48k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 13y 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 $63k; list at $170k implies a 170% 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 $164,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 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: 1.51% ✓
• Cap rate: 12.53%
• Cash-on-cash: 22.27%
• DSCR: 1.99
• GRM: 5.5

CMA / ARV

• ARV (median comp): $199,381
• List price: $170,000
• Delta: -14.74%
• 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
5312 Gist Ave	0.18mi	4/2.5 (-1)	1,620 (+3%)	4mo	$240,000	$148	72
3820 Dolfield Ave	0.43mi	5/3.0	1,576 (+0%)	7mo	$187,000	$119	66
3223 Spaulding Ave	0.40mi	4/2.0 (-1)	1,500 (-4%)	0mo	$219,900	$147	64
5419 Lynview Ave	0.40mi	4/2.0 (-1)	1,692 (+8%)	7mo	$236,000	$139	54
3951 Boarman Ave	0.74mi	4/2.5 (-1)	1,588 (+1%)	2mo	$249,000	$157	52
4011 Oakford Ave	0.65mi	5/3.0	1,504 (-4%)	7mo	$304,000	$202	49
3716 Beehler Ave	0.44mi	4/4.0 (-1)	1,445 (-8%)	3mo	$265,000	$183	47
3220 W Garrison Ave	0.49mi	4/1.5 (-1)	1,400 (-11%)	9mo	$45,000	$32	45
4411 Belvieu Ave	0.74mi	4/2.0 (-1)	1,696 (+8%)	4mo	$190,000	$112	40
4911 Queensberry Ave	0.72mi	4/1.5 (-1)	1,390 (-12%)	2mo	$155,000	$112	38
5719 Jonquil Ave	0.58mi	4/2.0 (-1)	1,368 (-13%)	11mo	$245,000	$179	33
4040 W Cold Spring Ln	0.68mi	4/2.0 (-1)	1,782 (+13%)	7mo	$205,000	$115	31

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: 14.4%
• Equity multiple: 1.57×
• Total profit: $27,210
• Equity at exit: $25,348

10-year hold

• IRR: 22.7%
• Equity multiple: 2.89×
• Total profit: $90,068
• Equity at exit: $14,698

Cash invested: $47,600 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,562 high
• Mortgage (P&I): −$891
• Tax from tax record: −$179 /mo · $2,144/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$538
• Net cashflow: $883

Break-even live

Break-even rent $1,444

Max offer price $170,000

Occupancy floor 61%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	23d	1	0.48mi
5306 Ethelbert Ave Baltimore, MD	5.0	2.5	1510	$3,000	$1.99	4d	1	0.48mi
4037 Cedardale Rd Baltimore, MD	5.0	3.0	1500	$2,800	$1.87	14d	1	1.08mi
3709 Fords Ln Baltimore, MD	4.0	3.5	2248	$3,200	$1.42	20d	1	1.21mi
3204 Sequoia Ave Baltimore, MD	4.0	2.5	1791	$2,600	$1.45	43d	1	1.41mi

Listing history 50 events

1. 2026-06-18
   days on market $170,000 Active 49 DOM
2. 2026-06-17
   days on market $170,000 Active 48 DOM
3. 2026-06-16
   days on market $170,000 Active 47 DOM
4. 2026-06-15
   days on market $170,000 Active 46 DOM
5. 2026-06-13
   days on market $170,000 Active 44 DOM
6. 2026-06-09
   days on market $170,000 Active 40 DOM
7. 2026-06-08
   days on market $170,000 Active 39 DOM
8. 2026-06-07
   days on market $170,000 Active 38 DOM
9. 2026-06-04
   days on market $170,000 Active 35 DOM
10. 2026-06-03
    days on market $170,000 Active 34 DOM
11. 2026-06-02
    days on market $170,000 Active 33 DOM
12. 2026-06-01
    days on market $170,000 Active 32 DOM
13. 2026-05-31
    days on market $170,000 Active 31 DOM
14. 2026-04-30
    listed $170,000 Active 1083-char remark
15. 2025-12-31
    soldstatus $63,000
16. 2025-11-21
    soldstatus $63,000 Closed 708-char remark

    Show marketing remark (708 chars)

    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. Dawgs security door will be installed

17. 2025-10-31
    historical 708-char remark

    Show marketing remark (708 chars)

    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. Dawgs security door will be installed

18. 2025-09-03
    price $89,900 708-char remark

    Show marketing remark (708 chars)

    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. Dawgs security door will be installed

19. 2025-07-20
    status Active 708-char remark

    Show marketing remark (708 chars)

    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. Dawgs security door will be installed

20. 2025-07-19
    historical Active Under Contract 708-char remark

    Show marketing remark (708 chars)

    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. Dawgs security door will be installed

21. 2025-05-25
    listed $95,000 Active 708-char remark

    Show marketing remark (708 chars)

    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. Dawgs security door will be installed

22. 2024-12-02
    historical
23. 2024-09-10
    price $115,000
24. 2024-08-02
    listed $120,000 Active
25. 2023-02-03
    soldstatus $113,000
26. 2017-07-10
    historical Withdrawn
27. 2017-07-10
    historical
28. 2017-07-07
    listed Active
29. 2017-07-07
    listed $25,000
30. 2017-06-05
    historical Withdrawn
31. 2017-06-05
    historical
32. 2017-06-01
    price
33. 2017-05-04
    price
34. 2017-04-11
    listed Active
35. 2017-04-11
    listed $75,000
36. 2017-04-05
    historical
37. 2017-04-05
    historical Withdrawn
38. 2017-03-13
    historical
39. 2017-03-13
    historical Withdrawn
40. 2017-03-09
    listed Active
41. 2017-03-09
    listed $85,000
42. 2017-01-16
    listed Active
43. 2017-01-16
    listed $85,000
44. 2014-12-05
    historical
45. 2014-12-02
    soldstatus $13,000 Sold
46. 2014-12-02
    soldstatus $13,000
47. 2014-11-03
    status Contract
48. 2014-11-02
    historical
49. 2014-08-14
    listed $16,900 Active
50. 2014-08-14
    listed $16,900

ⓘ 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

Taxation est. · year 1

• Rental income: $30,747
• − Mortgage interest: −$9,523
• − Property taxes: −$2,144
• − Insurance: −$850
• − Repairs & maintenance: −$2,460
• − Management: −$2,460
• − Depreciation: −$4,945
• Taxable income: $8,366
• Est. tax owed @ 24.0%: −$2,008
• After-tax cash flow: $8,591/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 (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: —

Market trends

• HPI YoY: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+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.