5605 Anthony Ave · Baltimore, MD 21206

$193,500

3 bd · 1.5 ba · 1,580 sqft · SingleFamily public records · 50 Days on market

Built 1956 5,698 sqft lot $122/sqft · 23% below area Est $252k · 23% under

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Why this score? — see what drove the C 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.8/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This ranch-style home in the desirable Gardenville neighborhood offers a blend of comfort and functionality. With 1,580 square feet of fully finished living space, this residence features three bedrooms and a full bathroom, ideal for both relaxation and daily routines. Step inside to discover spacious rooms with double-pane windows. filling the home with natural light and creating a bright atmosphere. The fully finished basement provides additional living space, perfect for a cozy family room, home office, or play area. Outside, the property features a front yard and a rear yard that backs to serene trees, offering a peaceful retreat for outdoor activities or quiet moments. The patio area i

Key facts

• Rear yard
• Patio area
• Front yard

Tags

• FULLY FINISHED BASEMENT
• DOUBLE-PANE WINDOWS
• FRONT YARD
• REAR YARD
• PATIO AREA

Property features AI

Exterior

• Parking: Off-street parking via driveway
• Utilities: Public water; Public sewer
• Home design: Detached property; Shingle roof; Above-grade and below-grade living areas
• Construction: Vinyl siding and frame construction; Concrete perimeter foundation; Double-pane windows; Estimated year built
• Exterior features: Sidewalks; Street lights; Front yard; Rear yard; Backs to trees; Patio(s)

Interior

• Bedrooms: 3 bedrooms on main level
• Bathrooms: 1 full bathroom on main level; 1 full bathroom total
• Heating & cooling: Forced air heating (natural gas); Central A/C with ceiling fans and wall unit options; Hot water heated by natural gas
• Interior features: Dining area; Dry wall walls and ceilings

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $194k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $194k).
• Recommended offer: $188k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 (+4.4%/yr); 173 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 39% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $52k; list at $194k implies a 272% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $187,695 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 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 1956 — 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: 1.08% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.29%
• DSCR: 1.28
• GRM: 7.7

CMA / ARV

• ARV (median comp): $251,669
• List price: $193,500
• Delta: -23.11%
• 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
4401 Anntana Ave	0.16mi	3/1.0	1,500 (-5%)	4mo	$175,000	$117	79
4503 Lasalle Ave	0.28mi	3/1.5	1,482 (-6%)	3mo	$190,000	$128	74
3827 Echodale Ave	0.63mi	3/2.0	1,547 (-2%)	4mo	$332,500	$215	62
4804 Anntana Ave	0.40mi	3/2.5	1,765 (+12%)	0mo	$290,000	$164	58
4212 Mary Ave	0.41mi	3/3.0	1,430 (-10%)	3mo	$286,999	$201	57
4806 Hazelwood Ave	0.63mi	4/1.5 (+1)	1,658 (+5%)	1mo	$222,000	$134	57
5316 Plainfield Ave	0.30mi	4/3.0 (+1)	1,424 (-10%)	4mo	$238,500	$167	55
5402 Todd Ave	0.56mi	4/1.5 (+1)	1,718 (+9%)	3mo	$235,000	$137	52
5211 Eugene Ave	0.59mi	3/2.5	1,760 (+11%)	4mo	$346,800	$197	46
3812 Echodale Ave	0.66mi	3/2.0	1,764 (+12%)	4mo	$340,000	$193	45
4309 Valley View Ave	0.69mi	3/2.5	1,792 (+13%)	2mo	$275,000	$153	40
5414 Radecke Ave	0.63mi	4/3.0 (+1)	1,746 (+10%)	3mo	$325,000	$186	39

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-10,188
• Equity at exit: $28,851

10-year hold

• IRR: 6.4%
• Equity multiple: 1.51×
• Total profit: $27,428
• Equity at exit: $16,730

Cash invested: $54,180 (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 21206

• Rents YoY: 4.4%
• Active inventory: 173
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,081 high
• Mortgage (P&I): −$1,015
• Tax from tax record: −$264 /mo · $3,174/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $284

Break-even live

Break-even rent $1,721

Max offer price $193,500

Occupancy floor 81%

Sensitivity live

Price	-10% $393	-5% $339	+0% $284	+5% $229	+10% $174
Rent	-10% $120	-5% $202	+0% $284	+5% $366	+10% $448
Rate	-1.0pp $381	-0.5pp $333	base $284	+0.5pp $234	+1.0pp $183

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: $48,375
• Closing costs: $5,805
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4308 Hamilton Ave Baltimore, MD	2.0	1.0	1110	$1,416	$1.28	24d	1	0.20mi
5632 Belair Rd Baltimore, MD	3.0	1.5	1260	$2,100	$1.67	24d	1	0.33mi
4924 Frankford Ave Baltimore, MD	4.0	2.0	1176	$2,600	$2.21	24d	1	0.54mi
4111 Century Rd Baltimore, MD	3.0	1.5	1432	$2,500	$1.75	44d	1	0.57mi
5307 Valiquet Ave Unit A Baltimore, MD	2.0	1.0	1672	$1,375	$0.82	44d	1	0.62mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	44d	1	0.64mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	24d	1	0.68mi
3721 Frankford Ave Baltimore, MD	3.0	2.0	1600	$2,050	$1.28	44d	1	0.70mi
5313 Todd Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	17d	1	0.71mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	3d	1	0.73mi
3802 Biddison Ln Baltimore, MD	4.0	1.5	1443	$2,024	$1.40	12d	1	0.74mi
4718 Blue Ridge Ave Baltimore, MD	4.0	3.0	1744	$2,400	$1.38	12d	1	0.77mi
5253 Cedgate Rd Unit 1 Baltimore, MD	3.0	1.5	1152	$2,200	$1.91	44d	1	0.87mi
5248 Darien Rd Baltimore, MD	3.0	1.0	1584	$2,100	$1.33	44d	1	0.89mi
3510 Hamilton Ave Baltimore, MD	3.0	2.5	2100	$2,300	$1.10	24d	1	0.90mi
3514 Ailsa Ave Baltimore, MD	3.0	2.0	1800	$2,200	$1.22	44d	1	0.96mi
4905 Greencrest Rd Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	44d	1	1.04mi
5938 Clayton Ave Baltimore, MD	4.0	2.0	1296	$2,872	$2.22	17d	1	1.13mi
3309 Southern Ave Unit 2 Baltimore, MD	2.0	1.0	1200	$1,600	$1.33	13d	1	1.18mi
5611 Force Rd Baltimore, MD	3.0	1.5	1296	$1,850	$1.43	44d	1	1.20mi
8133 Bartholomew Ct Baltimore, MD	3.0	2.5	1600	$2,700	$1.69	24d	1	1.22mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	5d	1	1.24mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	24d	1	1.28mi
6410 Walther Ave Baltimore, MD	2.0	1.0–2.0	1195	$1,995	$1.67	44d	7	1.29mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	44d	1	1.34mi
4244 Shamrock Ave Baltimore, MD	3.0	1.5	1920	$1,850	$0.96	24d	1	1.34mi
1732 Chesaco Ave Rosedale, MD	3.0	1.0	1260	$2,295	$1.82	44d	1	1.36mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1440	$1,700	$1.18	24d	1	1.39mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1152	$1,700	$1.48	22d	1	1.39mi
3412 Fleetwood Ave Baltimore, MD	3.0	2.5	1620	$2,195	$1.35	44d	1	1.46mi
2900 Ailsa Ave Apt 2 Baltimore, MD	3.0	1.0	1300	$1,750	$1.35	5d	1	1.46mi
2911 Shirey Ave Baltimore, MD	4.0	2.0	1680	$2,500	$1.49	21d	1	1.47mi

Listing history 15 events

1. 2026-06-18
   days on market $193,500 Active 50 DOM
2. 2026-06-17
   days on market $193,500 Active 49 DOM
3. 2026-06-16
   days on market $193,500 Active 48 DOM
4. 2026-06-15
   days on market $193,500 Active 47 DOM
5. 2026-06-13
   days on market $193,500 Active 45 DOM
6. 2026-06-09
   days on market $193,500 Active 41 DOM
7. 2026-06-08
   days on market $193,500 Active 40 DOM
8. 2026-06-07
   days on market $193,500 Active 39 DOM
9. 2026-06-04
   days on market $193,500 Active 36 DOM
10. 2026-06-03
    days on market $193,500 Active 35 DOM
11. 2026-06-02
    days on market $193,500 Active 34 DOM
12. 2026-06-01
    days on market $193,500 Active 33 DOM
13. 2026-05-31
    days on market $193,500 Active 32 DOM
14. 2026-04-29
    listed $193,500 Active 881-char remark
15. 1982-08-23
    soldstatus $52,000

ⓘ 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: $3,174 · $264/mo
• Projected year-2 tax: $3,174 · $264/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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,969
• − Mortgage interest: −$10,839
• − Property taxes: −$3,174
• − Insurance: −$968
• − Repairs & maintenance: −$1,998
• − Management: −$1,998
• − Depreciation: −$5,629
• Taxable income: $365
• Est. tax owed @ 24.0%: −$88
• After-tax cash flow: $3,320/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): 48,902
• Household income: $64,531
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 2317.0

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 20% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Ukrainian 1%
• Foreign-born: 8% · Canada
• Languages at home: 92% English-only · Spanish 2% Arabic 2% 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: ▼ -191.83%
• Current HPI: 284.5645
• Rent YoY: ▲ 4.43%
• 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

+272.1% since first listed

2 events — show timeline

• 2026-04-29 Listed $193,500 BRIGHT MLS
• 1982-08-23 Sold (Public Records) $52,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $3,174 · +2.4% YoY. Source: county tax records.