505 N Carrollton Ave, Baltimore, MD, 21223 | $293/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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505 N Carrollton Ave, Baltimore, MD, 21223 | $293/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Baltimore at 505 N Carrollton Ave, Baltimore, MD, 21223 priced at $410,000 converts $2,843/mo rent into $293/mo cash flow after a $2,007/mo obligation. Total monthly income equals $2,843/mo, and annual cash flow totals $3,513/yr on $135,915 invested. Return on cash invested prints 22.49% in year one, and rental yield reads 8.32% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 116.74% and total cumulative return in cash sums $158,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,843/mo property income covering a $2,007/mo payment, not borrower’s personal income.

Townhouse

Built in 1920

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

TO BE BUILT/RENOVATED: Choose your finishes & discover the possibilities at 505 N. Carrollton Avenuea brand-new construction home offering over 3,000 square feet of finished living space in the heart of historic West Baltimore. Built by Parity Homes, a mission-driven development company based in Baltimore, this property is part of a larger vision to bring high-quality homeownership opportunities to revitalized city blocks. (Listing photos are representative of similar properties completed in the neighborhood). This residence is available in two flexible configurations: as a spacious single-family home or a two-unit layout, offering multiple paths to ownership and living. Each home includes thoughtfully designed interiors with customizable finishes, so you can create a space that reflects your lifestyle. The images shown represent similar, completed homes by Parity and highlight the level of care and craftsmanship you can expect. Homebuyers may qualify for a $60,000 Parity Soft Second subsidy (income restrictions apply), designed to make purchasing more accessible. This incentive may be combined with a variety of Baltimore City down payment assistance programs, including Vacants to Value, Live Near Your Work, the First-Time Homebuyer Incentive Program, and the Baltimore City Employee Homeownership Program, along with lender-specific options. (Please note: this subsidy may not be combined with Maryland Mortgage Program incentives.) The property also qualifies for the pending CHAP tax credit, which can result in significant savings over time. Parity Homes is deeply invested in the long-term restoration and sustainability of Baltimores historic neighborhoods. The builders work centers on respectful and inclusive development, with a focus on strengthening community roots and expanding access to quality housing. The surrounding area is rich in architectural character and history, with access to parks, cultural institutions, and city amenities that make urban living both vibrant and connected. As part of the homeownership journey, buyers are asked to complete Paritys Education Curriculum, as well as HUD-approved homebuyer education. These programs are designed to provide tools, knowledge, and resources to support long-term success and stability. At 934 Harlem Avenue, youre not just purchasing a homeyoure joining a movement toward thoughtful neighborhood revitalization. Come be a part of the transformation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21223, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,976 (100%)
Owner Occupied HU	2,644 (24.1%)
Renter Occupied HU	5,226 (47.6%)
Vacant Housing Units	3,106 (28.3%)
Median Home Value	$133,065
Average Home Value	$205,327