3330 Mcelderry St · Baltimore, MD 21205

$99,900

5 bd · 1.0 ba · 1,338 sqft · Townhouse public records · 46 Days on market

Built 1924 980 sqft lot $75/sqft · 38% below area Est $161k · 38% under

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

Listing remarks

Classic Baltimore rowhome with solid bones and great potential for renovation or rental. Conveniently located near Patterson Park and major commuter routes, offering easy access to downtown and surrounding areas. Sold as-is—ideal for investors or buyers looking to add value. This property is part of a larger portfolio. Please contact for more details regarding associated listings. Closings will need to be coordinated with the other properties in the portfolio but may sell to individual buyers. Seller will only accept offers from serious buyers who can align with that timeline.

Key facts

• Built 1924
• Listed 46 days

Property features AI

Exterior

• Parking: Other parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Block foundation; Above-grade and below-grade structures; Year built (assessor)
• Exterior features: Below-grade area (unfinished)

Interior

• Kitchen: Efficiency-style kitchen
• Bedrooms: Five bedrooms on the upper level
• Bathrooms: Two full bathrooms
• Heating & cooling: Heating: Other; Cooling: Other; Hot water: Other
• Interior features: Efficiency kitchen
• Laundry & utility: Basement with outside entrance

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath townhouse listed at $100k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 25.4% 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 (+9.9%/yr); 143 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,767/mo this rent would consume 77% of the median local household income ($43k/yr) (locally 966% 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 $691 of loan paydown is wiped out by about $3k 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 + 8.0% rent growth), your $28k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $16k; list at $100k implies a 505% 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 $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 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 1924 — 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: 2.77% ✓
• Cap rate: 25.36%
• Cash-on-cash: 68.10%
• DSCR: 4.03
• GRM: 3.0

CMA / ARV

• ARV (median comp): $161,487
• List price: $99,900
• Delta: -38.14%
• 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
139 N Highland Ave	0.27mi	4/2.0 (-1)	1,365 (+2%)	9mo	$206,000	$151	68
606 N Belnord Ave	0.45mi	5/2.0	1,300 (-3%)	5mo	$108,000	$83	66
532 N Streeper St	0.38mi	4/1.5 (-1)	1,340 (+0%)	12mo	$115,000	$86	65
813 N Linwood	0.36mi	4/1.0 (-1)	1,270 (-5%)	11mo	$149,900	$118	61
626 N Decker Ave	0.23mi	4/1.0 (-1)	1,170 (-13%)	5mo	$135,000	$115	59
1411 Kenhill Ave	0.73mi	4/2.0 (-1)	1,356 (+1%)	1mo	$240,000	$177	54
21 N Clinton St	0.35mi	4/1.5 (-1)	1,196 (-11%)	7mo	$135,000	$113	53
407 N Lakewood Ave	0.49mi	4/3.0 (-1)	1,344 (+0%)	14mo	$290,000	$216	52
127 S East Ave	0.54mi	4/3.0 (-1)	1,344 (+0%)	12mo	$435,000	$324	51
228 S East Ave S	0.62mi	4/3.5 (-1)	1,316 (-2%)	4mo	$370,000	$281	50
2421 E Madison St	0.69mi	4/3.0 (-1)	1,300 (-3%)	6mo	$158,000	$122	45
400 N Curley St	0.33mi	6/2.0 (+1)	1,176 (-12%)	13mo	$134,990	$115	45

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 72.9%
• Equity multiple: 4.56×
• Total profit: $99,516
• Equity at exit: $14,895

10-year hold

• IRR: 78.1%
• Equity multiple: 11.13×
• Total profit: $283,323
• Equity at exit: $8,638

Cash invested: $27,972 (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 21205

• Home prices YoY: -5.8%
• Rents YoY: 9.9%
• Active inventory: 143
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $2,767 high
• Mortgage (P&I): −$524
• Tax from tax record: −$33 /mo · $394/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$581
• Net cashflow: $1,587

Break-even live

Break-even rent $757

Max offer price $99,900

Occupancy floor 38%

Sensitivity live

Price	-10% $1,644	-5% $1,616	+0% $1,587	+5% $1,559	+10% $1,531
Rent	-10% $1,369	-5% $1,478	+0% $1,587	+5% $1,697	+10% $1,806
Rate	-1.0pp $1,638	-0.5pp $1,613	base $1,587	+0.5pp $1,561	+1.0pp $1,535

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 N Clinton St Baltimore, MD	4.0	1.5	1200	$1,700	$1.42	20d	1	0.36mi
10 N Ellwood Ave Baltimore, MD	4.0	2.5	1768	$2,500	$1.41	44d	1	0.40mi
2815 E Madison St Baltimore, MD	4.0	2.0	1300	$2,500	$1.92	44d	1	0.43mi
533 N Lakewood Ave Baltimore, MD	4.0	3.5	1758	$4,500	$2.56	44d	1	0.49mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	44d	1	0.55mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	44d	1	0.55mi
2431 McElderry St Baltimore, MD	4.0	2.5	1600	$2,100	$1.31	44d	1	0.68mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$3,290	$3.62	3d	20	0.81mi
143 N Patterson Park Ave Baltimore, MD	4.0	3.5	1650	$3,700	$2.24	24d	1	0.83mi
3306 Fleet St Baltimore, MD	4.0	3.0	1308	$3,500	$2.68	44d	1	0.85mi
822 S Highland Ave Baltimore, MD	4.0	3.0	1508	$3,500	$2.32	22d	1	1.04mi
3603 Ravenwood Ave Unit 1 Baltimore, MD	4.0	1.0	1566	$1,600	$1.02	44d	1	1.18mi
513 S Chester St Baltimore, MD	4.0	4.5	1534	$3,000	$1.96	18d	1	1.25mi
1816 Gough St Baltimore, MD	4.0	2.0	1248	$3,500	$2.80	24d	1	1.33mi
1911 Eastern Ave Baltimore, MD	4.0	4.0	1520	$2,600	$1.71	24d	1	1.36mi
301 Cornwall St Baltimore, MD	4.0	2.0	1520	$2,750	$1.81	11d	1	1.46mi
301 Cornwall St Baltimore, MD	4.0	2.0	1520	$2,900	$1.91	44d	1	1.46mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $99,900 Active 46 DOM
2. 2026-06-17
   days on market $99,900 Active 45 DOM
3. 2026-06-16
   days on market $99,900 Active 44 DOM
4. 2026-06-15
   days on market $99,900 Active 43 DOM
5. 2026-06-13
   days on market $99,900 Active 41 DOM
6. 2026-06-09
   days on market $99,900 Active 37 DOM
7. 2026-06-08
   days on market $99,900 Active 36 DOM
8. 2026-06-07
   days on market $99,900 Active 35 DOM
9. 2026-06-04
   days on market $99,900 Active 32 DOM
10. 2026-06-03
    days on market $99,900 Active 31 DOM
11. 2026-06-02
    days on market $99,900 Active 30 DOM
12. 2026-06-02
    price $99,900 Active 29 DOM
13. 2026-06-01
    days on market $110,000 Active 29 DOM
14. 2026-05-31
    days on market $110,000 Active 28 DOM
15. 2026-05-12
    status Active 589-char remark
16. 2026-05-08
    historical 589-char remark
17. 2026-04-29
    listed $110,000 Active 589-char remark
18. 2008-10-02
    historical
19. 2008-09-26
    listed
20. 1985-04-29
    soldstatus $16,500

ⓘ 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: $394 · $33/mo
• Projected year-2 tax: $741 · $62/mo
• Expected delta: +$348/yr (+$29/mo · 88.2%)

ⓘ 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 8/10 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: $33,200
• − Mortgage interest: −$5,596
• − Property taxes: −$394
• − Insurance: −$500
• − Repairs & maintenance: −$2,656
• − Management: −$2,656
• − Depreciation: −$2,906
• Taxable income: $18,492
• Est. tax owed @ 24.0%: −$4,438
• After-tax cash flow: $14,610/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): 13,013
• Household income: $43,176
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 966.0

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 0.60)
• Race & ethnicity: Black 60% Hispanic / Latino 16% White 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 1% Cuban 1% Dominican 4%
• Common ancestry: Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 79% English-only · Spanish 11% Arabic 4% Chinese 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: ▼ -15.03%
• Current HPI: 244.1345
• Rent YoY: ▲ 9.88%
• 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

+505.5% since first listed

7 events — show timeline

• 2026-06-01 Price Changed $99,900 BRIGHT MLS
• 2026-05-12 Relisted — BRIGHT MLS
• 2026-05-08 Listing Removed — BRIGHT MLS
• 2026-04-29 Listed $110,000 BRIGHT MLS
• 2008-10-02 Delisted — MRIS
• 2008-09-26 Listed — MRIS
• 1985-04-29 Sold (Public Records) $16,500 Public Records

Property tax history

-8.6%/yr

Latest (2025): $394 · +10.3% YoY. Source: county tax records.