515 Wilson Bridge Dr Unit 6714 C-2 · National Harbor, MD 20745

$134,000

3 bd · 1.5 ba · 1,100 sqft · Condo · 3 Days on market

Built 1966 Fair condition $583/mo HOA · 24% of rent

---

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 +27.8/30.0
• 1% rule +10.0/10.0
• DSCR +9.8/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +2.3/5.0
• Condition / age +2.2/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Probate sale. Great investment opportunity.

Key facts

• $583 HOA
• Built 1966
• Listed 3 days

Property features AI

Finance

• HOA & community: Condo fee $250 monthly; Professionally managed on-site; Condo fee covers common area maintenance, lawn maintenance, management, parking fee, snow removal, trash, and water

Exterior

• Parking: Parking lot
• Utilities: Public water; Public sewer; Electric service for heating, cooling, and hot water
• Home design: Garden-style building (1–4 floors); Unit/flat; East-facing main entrance; Entry on level 3; Fee simple ownership; Property in good condition; Pets allowed with no restrictions
• Construction: Brick construction
• Exterior features: Not in a federal flood zone; Other structures above grade and below grade; In city limits

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: Living area reported by assessor; No basement
• Laundry & utility: No washer/dryer hook-up in unit

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath condo listed at $134k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $134k).
• Cap rate 10.0% vs local median 2.0% in National Harbor — 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 80/100 on livability (#48 in MD, #1,799 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: cost of living D-.
• 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.
• Zoned schools: Oxon Hill Elementary (math 2% / reading 12%, grade F, #699 of 860 statewide, top 84%, 237 students, 85% FRL); Oxon Hill High (math 43% / reading 68%, grade C, #85 of 222 statewide, top 39%, 1,553 students, 58% FRL) — zoned schools average 71% FRL vs 53% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 31% at this address vs 16% district-wide (+15 pts) — the actual schools serving this property are materially stronger than the Prince George'S County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-0.8%/yr); 221 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($75k/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 $926 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 24% of rent.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.81% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.10%
• DSCR: 1.58
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -4.9%
• Equity multiple: 0.83×
• Total profit: $-6,533
• Equity at exit: $19,980

10-year hold

• IRR: -1.6%
• Equity multiple: 0.91×
• Total profit: $-3,275
• Equity at exit: $11,586

Cash invested: $37,520 (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 20745

• Rents YoY: -0.8%
• Active inventory: 221
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $2,429 high
• Mortgage (P&I): −$703
• Tax est. 1.5%: −$168 /mo · $2,010/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$583
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $343

Break-even live

Break-even rent $1,994

Max offer price $134,000

Occupancy floor 81%

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
541 Wilson Bridge Dr Unit C1 Oxon Hill, MD	2.0	1.0	829	$1,800	$2.17	44d	1	0.08mi
522 Wilson Bridge Dr Unit C2 Oxon Hill, MD	2.0	1.0	894	$1,800	$2.01	17d	1	0.10mi
7903 Indian Head Hwy Unit 207 Oxon Hill, MD	2.0	1.0	831	$1,950	$2.35	24d	1	0.22mi
402 Kerby Hill Rd Fort Washington, MD	3.0	1.5	1184	$2,750	$2.32	13d	1	0.46mi
728 Carson Ave Oxon Hill, MD	4.0	1.5	1072	$2,800	$2.61	44d	1	0.49mi
102 Saint Ives Pl Oxon Hill, MD	1.0–2.0	1.0–2.0	1438	$4,000	$2.78	13d	2	0.66mi
102 Saint Ives Pl Oxon Hill, MD	2.0	2.0	1597	$3,745	$2.34	15d	1	0.66mi
145 Riverhaven Dr #335 Oxon Hill, MD	2.0	2.0	928	$3,200	$3.45	44d	1	0.75mi
145 Riverhaven Dr #314 Oxon Hill, MD	2.0	2.0	954	$3,200	$3.35	44d	1	0.75mi
145 Riverhaven Dr #214 Oxon Hill, MD	2.0	2.0	956	$2,975	$3.11	44d	1	0.75mi
250 American Way Oxon Hill, MD	2.0	1.0–2.0	906	$3,255	$3.59	2d	13	0.81mi
155 Potomac Psge Ph 10 Oxon Hill, MD	2.0	2.0	990	$3,050	$3.08	44d	1	0.89mi
155 Potomac Psge #908 Oxon Hill, MD	2.0	2.0	1111	$3,200	$2.88	44d	1	0.89mi
155 Potomac Psge #712 Oxon Hill, MD	2.0	2.0	994	$3,500	$3.52	44d	1	0.89mi
157 Fleet St Oxon Hill, MD	1.0–2.0	1.0	803	$2,795	$3.48	13d	2	0.90mi
157 Fleet St Oxon Hill, MD	1.0–2.0	1.0	692	$2,795	$4.04	15d	4	0.90mi
6441 Livingston Rd Oxon Hill, MD	1.0–2.0	1.0	747	$1,682	$2.25	2d	3	1.06mi
8845 Rusland Ct Fort Washington, MD	2.0	2.0	911	$1,900	$2.09	44d	1	1.18mi
8704 Cumbria Ct Unit C Fort Washington, MD	2.0	2.0	979	$2,199	$2.25	10d	1	1.18mi
1023 Spring Valley Ct Fort Washington, MD	3.0	2.0	1470	$2,500	$1.70	44d	1	1.21mi
1142 Windemere Ct Fort Washington, MD	2.0	2.0	864	$2,150	$2.49	24d	1	1.28mi
8720 Grasmere Ct #8720 Fort Washington, MD	2.0	1.5	973	$1,925	$1.98	4d	1	1.30mi
1101 Palmer Rd Fort Washington, MD	1.0–3.0	1.0–1.5	885	$2,031	$2.29	2d	57	1.30mi
9102 Cooper Dr Fort Washington, MD	3.0	1.5	1400	$3,499	$2.50	44d	1	1.47mi
819 Quade St Oxon Hill, MD	3.0	1.5	1500	$3,100	$2.07	44d	1	1.48mi

HOA detail condo

• Monthly dues: $583 · $6,996/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 4 events

1. 2026-06-18
   days on market $134,000 Active 3 DOM
2. 2026-06-17
   days on market $134,000 Active 2 DOM
3. 2026-06-15
   remarks 43-char remark
4. 2026-06-15
   listed $134,000 Active 1 DOM

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,146
• − Mortgage interest: −$7,506
• − Property taxes: −$2,010
• − Insurance: −$1,468
• − Repairs & maintenance: −$2,332
• − Management: −$2,332
• − HOA: −$6,996
• − Depreciation: −$3,898
• Taxable income: $2,605
• Est. tax owed @ 24.0%: −$625
• After-tax cash flow: $3,494/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

Fair 45/100 Moderate rehab

This property requires moderate renovations to improve its condition and value. Focus on updating the kitchen and bathrooms, and replacing the flooring to enhance both resale and rental appeal.

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Moderate bathroom cabinets — dated and worn
• Major flooring — carpeted and worn

Value-add opportunities

• Both new flooring — improves appearance and value
• Both new kitchen cabinets — modernizes and increases value
• Both new bathroom cabinets — modernizes and increases value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Moderate	$3,000–15,000
bathroom cabinets · dated and worn	Moderate	$3,000–15,000
flooring · carpeted and worn	Major	$15,000–50,000
Total estimated repair cost · 3 items		$21,000–80,000

Value-add ROI direction

• Both new flooring — improves appearance and value ↑
• Both new kitchen cabinets — modernizes and increases value ↑
• Both new bathroom cabinets — modernizes and increases value ↑

ⓘ 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 — National Harbor

• Score: 80/100
• State rank: #48
• US rank: #1799

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: National Harbor, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 28,605
• Household income: $75,236
• Rent vs Own: 55.3% rent · 44.7% own
• Severe rent burden: 1770.0

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 0.59)
• Race & ethnicity: Black 56% Hispanic / Latino 30% White 6% Two or more races 6% Asian 4% Native American 1%
• Common ancestry: Scotch-Irish 1%
• Foreign-born: 23% · Canada, China, South Korea
• Languages at home: 67% English-only · Spanish 26% Tagalog/Filipino 2% Russian/Polish/Slavic 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: ▼ -250.85%
• Current HPI: 300.5172
• Rent YoY: ▼ -0.80%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-06-15 Listed $134,000 BRIGHT MLS
• 2026-06-15 Coming Soon $134,000 BRIGHT MLS