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19
Values up 26%, Rent to $1,834
Updated 2 days ago • 17 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with expected monthly income ranging from $1,631 to $1,834. These figures reflect current neighborhood market trends, offering a stable revenue stream for investors seeking consistent cash flow in Baltimore. With a projected yield of 207.9%, the investment looks quite promising for those looking to maximize returns. By focusing on these rental estimates rather than past valuations, you can better align your strategy with current market demand.
More about this home
Neighborhood Assessment
Carrollton Ridge in Baltimore's 21223 zip offers convenient access to Westside Shopping Center, Grace Medical Center, B&O Railroad Museum, and Carroll Park. Wilkens Ave provides easy commuting. However, low comps like nearby Furrow St townhomes at 13-45K signal a challenged market. Nearby schools rate just 2/10, and climate risks include severe heat (risk 7/10) and major wind (6/10). Walkability's fair, but no major developments noted—it's a gritty, affordable urban pocket.
Market Activity
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Rental Income
$21K
Yield
207.9%
Appreciation
$95
Year 1 Estimates
Fix-and-Flip
Updating your home offers a clear boost in value, raising the price per square foot from roughly $68 to $84. This represents a 24% increase, helping your property command higher prices while attracting eager buyers. Refreshing your space makes it shine in a competitive market, adding over $20,000 in potential value. This smart investment enhances your lifestyle and future resale prospects, creating a more appealing home that truly stands out.
Value Add
$20K
Appreciation
$1K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $102,000 and $113,000. Targeted upgrades effectively bridge the gap between current market baselines and the median sold price for renovated area townhomes. Monthly rental income is projected at $1,709, driving an impressive 19.1% yield. This performance signals a robust return profile, making the asset an attractive choice for investors focused on consistent cash flow and moderate equity growth.
Rental Income
$21K
Yield
19.1%
Appreciation
$1K
Year 1 Estimates, Post Typical Renovation
Estimated value
$10K
$123.5K below comp median
Comparative Market Analysis
$107K – $150K
~44 days to sell
Based on 8 comps
213 Furrow St, Baltimore Investment Report: Flip & Rental Analysis · Frontflip