724 N Carrollton Ave, Baltimore, MD, 21217 | $241/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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724 N Carrollton Ave, Baltimore, MD, 21217 | $241/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

Investment property for sale in Baltimore at 724 N Carrollton Ave, Baltimore, MD, 21217 with 5% annual appreciation on a $164,000 basis while $1,261/mo rent supports operations. Total monthly income totals $1,261/mo and a $803/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,888/yr on $54,366 deployed, and return on cash invested reaches 25.22% in year one. Equity gained on principal adds $1,058/yr, and five-year appreciation sums $45,310 alongside rental yield of 9.23%. Five-year ROI measures 131.39% and total cumulative return in cash totals $71,433.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,261/mo property income versus a $803/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Historic Harlem Park renovation is Now available! Welcome to 724 N Carrollton Avenue, this is a shell that has over 4400 total Square feet. This property presents an excellent renovation opportunity to bring it back to life. The neighboring property 715 N Carrollton has sold for 430k, and 724 N Carrollton has over 1,000 more square feet than the subject comparable sale. This property is also zoned R-8, potentially permitting multiple units ( buyer needs to do their own due diligence) . Overall, Significant residential development has been occurring in this area, take advantage of this opportunity before it's gone

Neighborhood Data

Neighborhood data shown for ZIP Code: 21217, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,293 (100%)
Owner Occupied HU	4,471 (24.4%)
Renter Occupied HU	9,610 (52.5%)
Vacant Housing Units	4,212 (23.0%)
Median Home Value	$283,175
Average Home Value	$302,895