6632 23rd Pl · Chillum, MD 20782

$195,000

2 bd · 1.0 ba · 1,101 sqft · Townhouse public records · 10 Days on market

Built 1950 4,510 sqft lot $177/sqft · 48% below area Est $372k · 48% 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.2/10.0
• 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

HIGHEST AND BEST OFFERS! CASH OFFERS ONLY> OWNER MAKING DECISION ON TUESDAY, MAY 19, 2026. Investor Special! Great opportunity for investors or buyers looking to renovate and add value. Property is being sold strictly AS-IS. The home has strong potential and good bones, but repairs and updates are needed. A structural concern exists due to vine intrusion between the brick exterior and roof opening. Personal property/items currently inside the home are expected to be removed within 30 days or less. Schedule your in-person showing today and explore the possibilities this property has to offer.

Key facts

• Parking
• Built 1950
• Listed 10 days

Property features AI

Finance

• Other: Ownership: Fee simple
• Financial info:
• HOA & community:

Exterior

• Parking: One total garage/parking space; One driveway space; On-street parking available; Permit included
• Security:
• Utilities: Public water; Public sewer; 60+ gallon hot water tank
• Home design: Semi-detached home; Above-grade and below-grade structures noted
• Construction: Brick construction; Crawl space foundation; Built year per assessor
• Exterior features: Not in a federal flood zone; Ground rent paid annually; Tidal water not present

Interior

• Kitchen:
• Bedrooms: Two bedrooms on the main level
• Flooring:
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Radiator and central heating; Natural gas heating; Electric cooling (other type)
• Interior features: One fireplace; Two or more access exits; Living area per assessor
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $195k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• 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 $1k of loan paydown is wiped out by about $6k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $48k; list at $195k implies a 302% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.12% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.38%
• DSCR: 1.33
• GRM: 7.5

CMA / ARV

• ARV (median comp): $371,986
• List price: $195,000
• Delta: -47.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6606 23rd Pl	0.10mi	2/1.0	1,088 (-1%)	16mo	$350,000	$322	80
6607 24th Ave	0.13mi	3/2.0 (+1)	1,124 (+2%)	22mo	$390,000	$347	63
6723 25th Ave	0.18mi	3/1.5 (+1)	1,182 (+7%)	12mo	$365,000	$309	62
6613 23rd Pl	0.08mi	3/1.0 (+1)	1,248 (+13%)	11mo	$268,000	$215	60
2020 Oliver St	0.56mi	3/1.5 (+1)	1,088 (-1%)	18mo	$351,500	$323	50
3450 Toledo Ter #502	0.75mi	2/1.5	982 (-11%)	5mo	$170,000	$173	41
3450 Toledo Ter #602	0.75mi	2/1.0	982 (-11%)	14mo	$190,000	$193	36
3450 Toledo Ter #313	0.75mi	3/2.0 (+1)	1,203 (+9%)	10mo	$220,000	$183	33
7418 W Park Dr	0.67mi	3/2.5 (+1)	1,152 (+5%)	24mo	$301,000	$261	30

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.5%
• Equity multiple: 0.70×
• Total profit: $-16,546
• Equity at exit: $29,075

10-year hold

• IRR: -3.6%
• Equity multiple: 0.79×
• Total profit: $-11,308
• Equity at exit: $16,860

Cash invested: $54,600 (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: 7.5×

Monthly cashflow live

• Estimated rent: $2,176 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$280 /mo · $3,356/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $336

Break-even live

Break-even rent $1,751

Max offer price $195,000

Occupancy floor 80%

Sensitivity live

Price	-10% $446	-5% $391	+0% $336	+5% $280	+10% $225
Rent	-10% $164	-5% $250	+0% $336	+5% $422	+10% $508
Rate	-1.0pp $434	-0.5pp $385	base $336	+0.5pp $285	+1.0pp $234

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3300 East-West Hwy Hyattsville, MD	2.0	1.0–2.0	898	$2,225	$2.48	0d	46	0.49mi
7004 Highview Ter Chillum, MD	1.0–2.0	1.0	869	$1,570	$1.81	0d	8	0.53mi
3350 Toledo Ter Hyattsville, MD	3.0	1.0–2.0	921	$2,372	$2.57	0d	24	0.56mi
3400 Dean Dr Hyattsville, MD	1.0–2.0	1.0	700	$1,795	$2.56	4d	1	0.60mi
3420 Toledo Ter Hyattsville, MD	3.0	1.0–2.0	912	$2,468	$2.71	0d	21	0.68mi
3401 East-West Hwy Hyattsville, MD	2.0	1.0–2.0	904	$2,700	$2.99	0d	10	0.71mi
3450 Toledo Ter Hyattsville, MD	1.0–2.0	1.0	803	$1,700	$2.12	16d	3	0.77mi
3450 Toledo Ter Hyattsville, MD	2.0	1.0–1.5	917	$1,622	$1.77	25d	1	0.77mi
5735 29th Ave Hyattsville, MD	1.0–3.0	1.0	763	$1,626	$2.13	0d	50	0.80mi
1507 Ray Rd Chillum, MD	1.0–2.0	1.0	820	$1,895	$2.31	25d	1	0.83mi
5831 33rd Ave Hyattsville, MD	3.0	2.0	1170	$2,950	$2.52	44d	1	0.88mi
3507 Toledo Ter Hyattsville, MD	3.0	1.0	668	$1,562	$2.34	2d	17	0.88mi
5701 31st Ave Hyattsville, MD	3.0	2.0	1336	$3,100	$2.32	23d	1	0.89mi
6060 Sargent Rd Hyattsville, MD	1.0–2.0	1.0–2.0	700	$2,150	$3.07	44d	1	0.91mi
5685 Little Branch Run Hyattsville, MD	3.0	1.0–2.0	939	$3,377	$3.60	2d	24	0.94mi
3300 Toledo Rd Hyattsville, MD	1.0–3.0	2.0	875	$2,542	$2.90	0d	63	1.00mi
6730 Belcrest Rd Hyattsville, MD	2.0	3.0	1280	$2,995	$2.34	23d	1	1.00mi
7312 15th Pl Takoma Park, MD	2.0	1.0	966	$2,400	$2.48	16d	1	1.01mi
6700 Belcrest Rd Hyattsville, MD	3.0	1.0–2.0	931	$2,022	$2.17	0d	32	1.03mi
6210 Belcrest Rd Hyattsville, MD	3.0	1.0–2.0	984	$2,265	$2.30	0d	17	1.04mi
6821 Red Top Rd Takoma Park, MD	2.0–3.0	1.0–2.0	950	$1,595	$1.68	6d	4	1.05mi
1801 Jasmine Ter Hyattsville, MD	1.0–2.0	1.0	610	$2,307	$3.78	4d	29	1.05mi
6400 America Blvd Hyattsville, MD	1.0–2.0	1.0–2.0	841	$2,871	$3.41	20d	81	1.06mi
6506 America Blvd #716 Hyattsville, MD	1.0	1.0	974	$2,150	$2.21	13d	1	1.06mi
6506 America Blvd Hyattsville, MD	1.0	1.0	728	$1,950	$2.68	44d	2	1.07mi
6506 America Blvd Hyattsville, MD	1.0	1.0	841	$1,950	$2.32	3d	2	1.07mi
5603 Cypress Creek Dr Chillum, MD	1.0–2.0	1.0–2.0	765	$1,812	$2.37	2d	8	1.08mi
7970 Riggs Rd Hyattsville, MD	3.0	2.5	1366	$2,600	$1.90	44d	1	1.09mi
3342 Lancer Dr Hyattsville, MD	1.0–2.0	1.0	763	$1,639	$2.15	0d	11	1.09mi
6445 America Blvd Hyattsville, MD	2.0	1.0–2.0	915	$2,397	$2.62	0d	28	1.09mi
790 Fairview Ave Takoma Park, MD	1.0–2.0	1.0–1.5	894	$1,799	$2.01	44d	3	1.10mi
7333 New Hampshire Ave Unit AVE601 Takoma Park, MD	1.0	1.0	902	$1,850	$2.05	44d	1	1.11mi
7333 New Hampshire Ave Unit 816S Takoma Park, MD	1.0	1.0	720	$1,800	$2.50	44d	1	1.11mi
7333 New Hampshire Ave #0 Takoma Park, MD	2.0	2.0	1172	$2,599	$2.22	23d	1	1.11mi
951 East-West Hwy Takoma Park, MD	1.0–2.0	1.0	775	$1,495	$1.93	11d	2	1.13mi
3801 Oglethorpe St Unit A Hyattsville, MD	2.0	1.0	1450	$2,950	$2.03	19d	1	1.18mi
6916 New Hampshire Ave Takoma Park, MD	3.0	2.0	1080	$3,200	$2.96	44d	1	1.20mi
1400 University Blvd E Hyattsville, MD	1.0–2.0	1.0	762	$1,888	$2.48	0d	54	1.21mi
6712 41st Ave University Park, MD	3.0	1.0	1150	$2,700	$2.35	19d	1	1.28mi
6712 41st Ave University Park, MD	3.0	1.0	1136	$2,700	$2.38	12d	1	1.28mi

Listing history 4 events

1. 2026-05-11
   listed $195,000 Active 601-char remark
2. 2026-05-11
   historical $195,000 601-char remark
3. 1979-08-03
   soldstatus $48,500
4. 1972-07-25
   soldstatus $23,000

ⓘ 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: $3,356 · $280/mo
• Projected year-2 tax: $3,356 · $280/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 ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% 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: $26,113
• − Mortgage interest: −$10,923
• − Property taxes: −$3,356
• − Insurance: −$975
• − Repairs & maintenance: −$2,089
• − Management: −$2,089
• − Depreciation: −$5,673
• Taxable income: $1,008
• Est. tax owed @ 24.0%: −$242
• After-tax cash flow: $3,785/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

+747.8% since first listed

5 events — show timeline

• 2026-05-21 Pending — BRIGHT MLS
• 2026-05-11 Listed $195,000 BRIGHT MLS
• 2026-05-11 Coming Soon $195,000 BRIGHT MLS
• 1979-08-03 Sold (Public Records) $48,500 Public Records
• 1972-07-25 Sold (Public Records) $23,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $3,356 · +5.4% YoY. Source: county tax records.