10202 Prince Unit 2-303 · Largo, MD 20774

$144,999

1 bd · 1.0 ba · 840 sqft · Condo · 78 Days on market

Built 1972 Good condition $173/sqft · 10% below area Est $161k · 10% under $407/mo HOA · 22% of rent

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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 +15.0/30.0
• ARV discount +12.0/15.0
• 1% rule +7.7/10.0
• DSCR +4.6/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Rent growth +3.6/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

TOP FLOOR GEM!!! Discover an exceptional place to call home or investment opportunity in the heart of the Pines Condominium community! This charming 1-bedroom, 1-bathroom unit offers 840 sq. ft. of potential, perfect for the savvy buyer looking for a cozy sanctuary or investors looking to capitalize on a thriving rental market. Built in 1972, this well-maintained garden-style condo boasts a solid brick construction, for enhanced durability and low interior maintenance costs. The property comes with a host of amenities that enhance its appeal, including a refreshing community swimming pool, assigned parking, and meticulously maintained common areas. The association fee covers essential services such as gas, water, trash removal, and lawn maintenance, providing peace of mind and predictable expenses for owners. With a newer washer and dryer included, homeowners and tenants will appreciate the convenience of in-unit laundry, making this unit even more attractive. The location offers easy access to local amenities, ensuring high demand from new homeowners and renters seeking comfort and convenience. Whether you're looking to purchase the property to enjoy for yourself, to add to your portfolio or make your first investment, this property is a golden opportunity to secure a foothold in a growing market. Don't miss out on the chance to turn this unit into a lucrative asset!

Key facts

• In unit laundry
• Assigned parking
• Top floor

Tags

• TOP FLOOR
• COMMUNITY SWIMMING POOL
• ASSIGNED PARKING
• IN UNIT LAUNDRY
• SOLID BRICK CONSTRUCTION
• EASY ACCESS TO LOCAL AMENITIES

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $145k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $45 ($539/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.2% in Largo — 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 74/100 on livability (#115 in MD, #4,768 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: crime D+, cost of living D+, amenities 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 rising fast (+4.5%/yr); 323 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($128k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 78 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• 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 $136,299 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is D 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?
9. 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.
10. 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.
11. 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: 1.27% ✓
• Cap rate: 6.66%
• Cash-on-cash: 1.33%
• DSCR: 1.06
• GRM: 6.6

CMA / ARV

• ARV (median comp): $161,178
• List price: $144,999
• Delta: -10.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.49% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.57×
• Total profit: $-17,558
• Equity at exit: $21,620

10-year hold

• IRR: 0.4%
• Equity multiple: 1.03×
• Total profit: $1,366
• Equity at exit: $12,537

Cash invested: $40,600 (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 20774

• Rents YoY: 4.5%
• Active inventory: 323
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,840 high
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$407
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $45

Break-even live

Break-even rent $1,784

Max offer price $144,999

Occupancy floor 93%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10202 Prince Pl Unit 204 Largo, MD	1.0	1.0	840	$1,612	$1.92	2d	1	0.04mi
10244 Prince Pl #204 Largo, MD	1.0	1.0	889	$1,600	$1.80	44d	1	0.06mi
10239 Prince Pl Unit 26-304 Upper Marlboro, MD	1.0	1.0	840	$1,750	$2.08	44d	1	0.08mi
10246 Prince Pl Unit 22-T4 Largo, MD	2.0	2.0	1071	$1,850	$1.73	5d	1	0.12mi
10244 Prince Pl Unit 21-103 Upper Marlboro, MD	2.0	2.0	1071	$1,950	$1.82	24d	1	0.12mi
10133 Prince Pl Unit 303-12C Largo, MD	1.0	1.0	787	$1,775	$2.26	44d	1	0.13mi
10115 Prince Pl Unit 401-2A Upper Marlboro, MD	2.0	2.0	1082	$2,330	$2.15	44d	1	0.15mi
10122 Campus Way S Unit 202-1A Upper Marlboro, MD	2.0	2.0	1082	$2,100	$1.94	13d	1	0.16mi
10250 Prince Pl Largo, MD	1.0	1.0	839	$1,500	$1.79	19d	1	0.16mi
56 Cable Hollow Way Unit 38-1 Upper Marlboro, MD	2.0	1.0	912	$2,250	$2.47	13d	1	0.22mi
10106 Campus Way S Unit 102-3B Largo, MD	1.0	1.0	787	$1,900	$2.41	19d	1	0.23mi
150 Steeplechase Way Largo, MD	1.0–2.0	1.0–2.0	823	$1,529	$1.86	2d	17	0.26mi
67 S Harry Truman Dr Largo, MD	1.0–3.0	1.0–2.0	1015	$1,408	$1.39	2d	51	0.45mi
97 Capital Ct Largo, MD	2.0	1.0–2.0	904	$2,305	$2.55	2d	22	0.52mi
9720 Lake Pointe Ct #101 Upper Marlboro, MD	2.0	2.0	1067	$2,250	$2.11	44d	1	0.64mi
9708 Lake Pointe Ct #302 Upper Marlboro, MD	2.0	2.0	1074	$2,300	$2.14	44d	1	0.68mi
8831 Lottsford Rd Upper Marlboro, MD	1.0–2.0	1.0–2.0	1075	$1,697	$1.58	2d	20	0.74mi
8911 Town Center Cir Upper Marlboro, MD	1.0	1.0	704	$1,875	$2.66	24d	1	0.76mi
8961 Town Center Cir Unit 1-310 Upper Marlboro, MD	2.0	2.0	968	$2,300	$2.38	5d	1	0.79mi
921 Westhaven Dr #303 Bowie, MD	1.0	1.0	626	$1,995	$3.19	24d	1	0.79mi
1011 Fallcrest Ct #202 Bowie, MD	2.0	1.0	692	$1,987	$2.87	5d	1	0.79mi
1007 Fallcrest Ct Unit 4-104 Bowie, MD	2.0	2.0	858	$2,300	$2.68	44d	1	0.80mi
10531 Beacon Ridge Dr Unit 13-101 Bowie, MD	2.0	2.0	858	$2,250	$2.62	13d	1	0.80mi
10403 Beacon Ridge Dr Bowie, MD	2.0	2.0	865	$2,300	$2.66	44d	1	0.82mi
601 S Harry Truman Dr Largo, MD	1.0–2.0	1.0–2.0	1009	$1,800	$1.78	2d	16	0.82mi
9701 Summit Cir Upper Marlboro, MD	1.0–3.0	1.0–2.0	1052	$1,698	$1.61	2d	18	0.83mi
1005 Summerglenn Ct Unit 7-103 Bowie, MD	2.0	2.0	858	$2,100	$2.45	19d	1	0.85mi
1013 Summerglenn Ct Unit 7-203 Bowie, MD	2.0	1.0	692	$2,100	$3.03	44d	1	0.86mi
9420 Grand Blvd Upper Marlboro, MD	2.0	1.0–2.0	876	$2,292	$2.62	2d	92	0.88mi
11425 Honeysuckle Ct Unit 3-1 Upper Marlboro, MD	2.0	2.0	1040	$2,125	$2.04	13d	1	1.20mi
157 Azalea Ct Unit 21-1 Upper Marlboro, MD	2.0	2.0	1091	$1,997	$1.83	44d	1	1.30mi

HOA detail condo

• Monthly dues: $407 · $4,884/yr
• Likely covers: watertrashgaspoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-06-18
   days on market $144,999 Active 78 DOM
2. 2026-06-17
   days on market $144,999 Active 77 DOM
3. 2026-06-16
   days on market $144,999 Active 76 DOM
4. 2026-06-15
   days on market $144,999 Active 75 DOM
5. 2026-06-13
   pricedays on market $144,999 Active 73 DOM
6. 2026-06-10
   days on market $145,000 Active 69 DOM
7. 2026-06-08
   days on market $145,000 Active 68 DOM
8. 2026-06-07
   days on market $145,000 Active 67 DOM
9. 2026-06-04
   days on market $145,000 Active 64 DOM
10. 2026-06-03
    days on market $145,000 Active 63 DOM
11. 2026-06-02
    days on market $145,000 Active 62 DOM
12. 2026-06-01
    days on market $145,000 Active 61 DOM
13. 2026-05-31
    days on market $145,000 Active 60 DOM
14. 2026-04-01
    listed $145,000 Active 1390-char remark

    Show marketing remark (1390 chars)

    TOP FLOOR GEM!!! Discover an exceptional place to call home or investment opportunity in the heart of the Pines Condominium community! This charming 1-bedroom, 1-bathroom unit offers 840 sq. ft. of potential, perfect for the savvy buyer looking for a cozy sanctuary or investors looking to capitalize on a thriving rental market. Built in 1972, this well-maintained garden-style condo boasts a solid brick construction, for enhanced durability and low interior maintenance costs. The property comes with a host of amenities that enhance its appeal, including a refreshing community swimming pool, assigned parking, and meticulously maintained common areas. The association fee covers essential services such as gas, water, trash removal, and lawn maintenance, providing peace of mind and predictable expenses for owners. With a newer washer and dryer included, homeowners and tenants will appreciate the convenience of in-unit laundry, making this unit even more attractive. The location offers easy access to local amenities, ensuring high demand from new homeowners and renters seeking comfort and convenience. Whether you're looking to purchase the property to enjoy for yourself, to add to your portfolio or make your first investment, this property is a golden opportunity to secure a foothold in a growing market. Don't miss out on the chance to turn this unit into a lucrative asset!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,085
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − HOA: −$4,884
• − Depreciation: −$4,218
• Taxable loss: −$1,573
• Est. tax savings @ 24.0%: +$377
• After-tax cash flow: $916/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained garden-style condo in the Pines Condominium community is ready for a new owner or investor. The exterior and interior are in good condition, with minor maintenance needed to enhance curb appeal and resale value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Clean gutters — Improves drainage and reduces maintenance costs

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Clean gutters — Improves drainage and reduces maintenance costs ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Largo

• Score: 74/100
• State rank: #115
• US rank: #4768

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Largo, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 51,816
• Household income: $128,259
• Rent vs Own: 24.4% rent · 75.6% own
• Severe rent burden: 773.0

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: Predominantly Black (85%)
• Race & ethnicity: Black 85% Two or more races 5% White 4% Hispanic / Latino 4% Asian 2%
• Common ancestry: Lithuanian 1% Hispanic 1%
• Foreign-born: 16% · Canada, United Kingdom
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 3% Tagalog/Filipino 1%

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: ▼ -277.06%
• Current HPI: 264.2372
• Rent YoY: ▲ 4.49%
• 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

1 event — show timeline

• 2026-04-01 Listed $145,000 BRIGHT MLS