1005 Chillum Rd #319 · Chillum, MD 20782

$58,830

1 bd · 1.0 ba · 710 sqft · Condo public records · 200 Days on market

Built 1955 $83/sqft · 37% below area Est $94k · 37% under $700/mo HOA · 45% of rent ↓ 41% since listing

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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 +22.9/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +7.3/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

Key facts

• Elevator building
• $700 HOA
• Parking

Tags

• ELEVATOR BUILDING
• BALCONY OFF OF LIVING ROOM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $59k.

Deal economics

• At list price, monthly cash flow is $103 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.3% in Chillum — 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 75/100 on livability (#105 in MD, #4,157 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A; Watch: schools C-, amenities C-, crime F.
• Prince George'S County Public Schools (suburban): math 8% / reading 24% proficiency, ranked #21 of 24 in MD (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents soft (-0.9%/yr); 156 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $406 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Prince George's County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 200 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $30k (34%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 45% of rent; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,770 (12.0% below list)

Questions for the listing agent

1. It's been on market 200 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.66% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.51%
• DSCR: 1.33
• GRM: 3.1

CMA / ARV

• ARV (median comp): $94,038
• List price: $58,830
• Delta: -37.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.57×
• Total profit: $-7,079
• Equity at exit: $8,772

10-year hold

• IRR: -30.5%
• Equity multiple: 0.18×
• Total profit: $-13,514
• Equity at exit: $5,087

Cash invested: $16,472 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 20782

• Rents YoY: -0.9%
• Active inventory: 156
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,564 high
• Mortgage (P&I): −$309
• Tax from tax record: −$100 /mo · $1,197/yr
• Insurance: −$25
• HOA: −$700
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $103

Break-even live

Break-even rent $1,434

Max offer price $58,830

Occupancy floor 88%

Sensitivity live

Price	-10% $136	-5% $120	+0% $103	+5% $86	+10% $70
Rent	-10% $-20	-5% $41	+0% $103	+5% $165	+10% $227
Rate	-1.0pp $133	-0.5pp $118	base $103	+0.5pp $88	+1.0pp $72

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: $14,708
• Closing costs: $1,765
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1005 Chillum Rd Hyattsville, MD	1.0	1.0	552	$1,600	$2.90	11d	2	0.02mi
1009 Chillum Rd #217 Hyattsville, MD	1.0	1.0	740	$1,500	$2.03	45d	1	0.03mi
5601 Parker House Ter #106 Hyattsville, MD	1.0	1.0	703	$1,250	$1.78	6d	1	0.07mi
908 Chillum Rd Hyattsville, MD	2.0	1.0	650	$1,850	$2.85	45d	1	0.13mi
846 Oglethorpe St NE Washington, DC	1.0	1.0	500	$1,600	$3.20	16d	1	0.14mi
6060 Sargent Rd Hyattsville, MD	1.0–2.0	1.0–2.0	700	$1,785	$2.55	45d	1	0.41mi
5178 Eastern Ave NE Washington, DC	1.0	1.0	585	$1,599	$2.73	0d	1	0.43mi
721 Chillum Rd Hyattsville, MD	1.0–2.0	1.0	650	$1,343	$2.07	13d	1	0.49mi
508 Greenlawn Dr Hyattsville, MD	1.0–2.0	1.0	651	$1,365	$2.10	2d	6	0.58mi
400 Galloway St NE Washington, DC	2.0	1.0–2.0	716	$2,218	$3.10	0d	24	0.59mi
5661 3rd St NE Washington, DC	2.0	1.0–2.0	764	$2,154	$2.82	0d	28	0.59mi
5603 Cypress Creek Dr Chillum, MD	1.0–2.0	1.0–2.0	765	$1,423	$1.86	2d	8	0.63mi
620 Sheridan St Hyattsville, MD	1.0	1.0	708	$1,585	$2.24	0d	6	0.64mi
5210 3rd St NE Washington, DC	2.0	1.0–2.0	829	$1,980	$2.39	0d	25	0.71mi
1507 Ray Rd Chillum, MD	1.0–2.0	1.0	820	$1,515	$1.85	25d	1	0.73mi
6733 New Hampshire Ave Takoma Park, MD	1.0–3.0	1.0–1.5	785	$1,525	$1.94	0d	23	0.90mi
21 Riggs Rd NE Washington, DC	1.0	1.0	595	$1,625	$2.73	4d	6	0.92mi
790 Fairview Ave Takoma Park, MD	1.0–2.0	1.0–1.5	894	$1,399	$1.56	45d	3	0.94mi
6808 Red Top Rd Takoma Park, MD	1.0	1.0	600	$1,350	$2.25	45d	3	0.96mi
6808 Red Top Rd Unit 6814-006 Takoma Park, MD	1.0	1.0	600	$1,250	$2.08	25d	1	0.96mi
6808 Red Top Rd Unit 6812-003 Takoma Park, MD	1.0	1.0	600	$1,450	$2.42	25d	1	0.96mi
6808 Red Top Rd Unit 6814-005 Takoma Park, MD	1.0	1.0	600	$1,325	$2.21	25d	1	0.96mi
5110 Fort Totten Dr NE #4 Washington, DC	2.0	2.0	715	$2,195	$3.07	25d	1	1.00mi
21 Kennedy St NW Washington, DC	1.0	1.0	640	$1,395	$2.18	25d	1	1.02mi
5408 1st Pl NW Unit 202 Washington, DC	2.0	1.0	515	$2,050	$3.98	16d	1	1.03mi
5408 1st Pl NW Unit 204 Washington, DC	1.0	1.0	445	$1,549	$3.48	16d	1	1.03mi
951 East-West Hwy Takoma Park, MD	1.0–2.0	1.0	775	$1,295	$1.67	11d	2	1.05mi
4900 Fort Totten Dr NE Washington, DC	1.0–2.0	1.0	706	$1,427	$2.02	13d	7	1.06mi
4818 Fort Totten Dr NE Washington, DC	1.0–2.0	1.0	725	$1,595	$2.20	4d	4	1.09mi
103 Kennedy St NW Washington, DC	1.0	1.0	500	$1,415	$2.83	25d	1	1.10mi
5041 1st St NW Washington, DC	1.0	1.0	600	$1,545	$2.58	5d	1	1.20mi
2731 Nicholson St Hyattsville, MD	2.0	1.0	515	$1,280	$2.49	0d	21	1.21mi
4520 Fort Totten Dr NE Washington, DC	1.0–2.0	1.0	662	$1,599	$2.41	0d	7	1.22mi
5685 Little Branch Run Hyattsville, MD	3.0	1.0–2.0	939	$2,571	$2.74	0d	20	1.25mi
1207-07 Myrtle Ave Takoma Park, MD	1.0	1.0	645	$1,397	$2.17	45d	1	1.26mi
4510 2nd St NE Washington, DC	1.0–2.0	1.0	750	$1,350	$1.80	4d	8	1.26mi
220 Hamilton St NW Washington, DC	2.0	1.0–2.0	723	$2,225	$3.08	25d	1	1.28mi
5735 29th Ave Hyattsville, MD	1.0–3.0	1.0	763	$1,200	$1.57	0d	50	1.32mi
800 Taylor St NE Unit 2 Washington, DC	1.0	1.0	475	$1,249	$2.63	25d	1	1.33mi
4407 2nd St NE Washington, DC	1.0	1.0	703	$1,425	$2.03	25d	1	1.33mi

HOA detail condo

• Monthly dues: $700 · $8,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-21
   days on market $58,830 Active 200 DOM
2. 2026-06-18
   days on market $58,830 Active 197 DOM
3. 2026-06-17
   days on market $58,830 Active 196 DOM
4. 2026-06-16
   days on market $58,830 Active 195 DOM
5. 2026-06-15
   days on market $58,830 Active 194 DOM
6. 2026-06-13
   days on market $58,830 Active 192 DOM
7. 2026-06-10
   days on market $58,830 Active 188 DOM
8. 2026-06-08
   days on market $58,830 Active 187 DOM
9. 2026-06-07
   days on market $58,830 Active 186 DOM
10. 2026-06-04
    days on market $58,830 Active 183 DOM
11. 2026-06-03
    days on market $58,830 Active 182 DOM
12. 2026-06-02
    days on market $58,830 Active 181 DOM
13. 2026-06-01
    days on market $58,830 Active 180 DOM
14. 2026-05-31
    days on market $58,830 Active 179 DOM
15. 2026-05-19
    price $58,830 397-char remark

    Show marketing remark (397 chars)

    Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

16. 2026-04-21
    price $63,938 397-char remark

    Show marketing remark (397 chars)

    Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

17. 2026-03-27
    price $69,498 397-char remark

    Show marketing remark (397 chars)

    Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

18. 2026-02-24
    price $75,541 397-char remark

    Show marketing remark (397 chars)

    Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

19. 2026-01-27
    price $82,110 397-char remark

    Show marketing remark (397 chars)

    Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

20. 2025-12-03
    listed $89,250 Active 397-char remark

    Show marketing remark (397 chars)

    Make an offer on this one! Please review this latest price reduction- best deal going! ! Centrally located and convenient to so much! Elevator building this lovely 1 bedroom is available now in the Fairmont at a great price. Balcony off of living room high above it all. Seller will not make repairs nor allow them before settlement, so please count on doing those afterwards- but go see this one.

21. 2024-09-17
    historical
22. 2024-07-11
    listed $100,000 Active
23. 2024-06-21
    historical

ⓘ 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: $1,197 · $100/mo
• Projected year-2 tax: $1,197 · $100/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 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,773
• − Mortgage interest: −$3,295
• − Property taxes: −$1,197
• − Insurance: −$294
• − Repairs & maintenance: −$1,502
• − Management: −$1,502
• − HOA: −$8,400
• − Depreciation: −$1,711
• Taxable income: $872
• Est. tax owed @ 24.0%: −$209
• After-tax cash flow: $1,029/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: Prince George'S County Public Schools
• NCES district ID: 2400510
• Math proficiency: 8% ▼ -11.00%
• Reading proficiency: 24% ▼ -9.00%
• Median HH income: $73,967
• Composite: 16.82/100
• National rank: #9151
• State rank: #21 of 24 in MD

Livability — Chillum

• Score: 75/100
• State rank: #105
• US rank: #4157

Category grades

Amenities C- Commute A+ Cost of living D- Crime F Employment B Housing A+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chillum, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 34,293
• Household income: $90,205
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 1219.0

Population outlook (Prince George's County) Hauer SSP2

• Today (2025): 1,005,426 people
• By 2030: 1,048,416 · +4.3%
• By 2040: 1,123,425 · +11.7%
• By 2050: 1,183,220 · +17.7%
• By 2075: 1,306,202 · +29.9%
• By 2100: 1,408,179 · +40.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Hispanic / Latino 41% Black 37% White 14% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1% Dominican 2%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 42% · Canada
• Languages at home: 47% English-only · Spanish 37% Other Indo-European 3% French/Haitian/Cajun 2%

Political lean MEDSL · Prince George's

• 2024 margin: Solid D (+75.2) · D 86.3% · R 11.2% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: 78.5pp · 2024: 75.2pp
• All cycles: 2024: D+75.2 2020: D+80.5 2016: D+81.0 2012: D+80.9 2008: D+78.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -303.99%
• Current HPI: 306.7503
• Rent YoY: ▼ -0.92%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• 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

-41.2% since first listed

9 events — show timeline

• 2026-05-19 Price Changed $58,830 BRIGHT MLS
• 2026-04-21 Price Changed $63,938 BRIGHT MLS
• 2026-03-27 Price Changed $69,498 BRIGHT MLS
• 2026-02-24 Price Changed $75,541 BRIGHT MLS
• 2026-01-27 Price Changed $82,110 BRIGHT MLS
• 2025-12-03 Listed $89,250 BRIGHT MLS
• 2024-09-17 Listing Removed — BRIGHT MLS
• 2024-07-11 Listed $100,000 BRIGHT MLS
• 2024-06-21 Coming Soon — BRIGHT MLS

Property tax history

-2.1%/yr

Latest (2025): $1,197 · +8.1% YoY. Source: county tax records.