8315 N Brook Ln Unit 2-1004 · Bethesda, MD 20814

$200,000

1 bd · 1.0 ba · 827 sqft · Condo · 46 Days on market

Built 1965 Good condition $242/sqft · 24% below area Est $263k · 24% under $871/mo HOA · 32% 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).

• ARV discount +15.0/15.0
• Cash flow +11.4/30.0
• 1% rule +8.8/10.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• DSCR +3.3/10.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

* * * DON'T LET THE LIST PRICE STOP THE CONVERSATION-SELLER ENCOURAGES ALL REASONABLE OFFERS * * * * * * NEWLY RENOVATED GRAND LOBBY! * * * Perched on the 10th floor of Whitehall Condominium, this rarely available residence showcases expansive Bethesda views through oversized windows that bring in an abundance of natural light. The main living space offers an open layout with warm wood flooring and a bright, welcoming atmosphere. The kitchen has been thoughtfully updated with quartz countertops, stainless steel appliances, and a stylish mosaic tile backsplash, creating a clean, modern look. Recent upgrades include a new electrical panel and fresh i

Key facts

• $871 HOA
• 2 parking spots
• Community pool

Property features AI

Finance

• Other: Condominium ownership
• HOA & community: Monthly condo fee; HOA fee includes trash, exterior building maintenance, pool(s), lawn maintenance, air conditioning, electricity, gas, management, recreation facility, sewer, snow removal and water; On-site professional HOA/condo management; Community amenities: fitness center, pool, storage, security and common grounds

Exterior

• Parking: Permit parking included; Private parking lot with 2 spaces
• Security: On-site professional management; Building security (community amenity)
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas heating and hot water
• Home design: Condominium unit in a hi-rise (9+ floors); Unit/flat; Entry on the 10th floor; Brick construction; Pet-friendly with limits on number and size/weight
• Construction: Brick exterior; Above-grade and below-grade structures
• Exterior features: Community pool; Elevator; Common grounds; Fitness center; Security; Storage bin; Swimming pool (community)

Interior

• Kitchen: Built-in microwave; Built-in range; Stove; Dishwasher; Refrigerator; Stainless steel appliances
• Bedrooms: One bedroom on the main level
• Flooring: Engineered wood; Tile/brick
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Open floor plan; Gourmet kitchen; Upgraded countertops; Window treatments; Tub/shower; Wood floors
• Laundry & utility: Shared laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-71 ($-856/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (5.2% below list).
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $190k (5.2% below list) — sets the bar for cash-flow.
• Cap rate 5.9% vs local median 0.8% in Bethesda — 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 78/100 on livability (#67 in MD, #2,463 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, crime A-; Watch: amenities D+, cost of living F.
• Montgomery County Public Schools (suburban): math 27% / reading 45% proficiency, ranked #3 of 24 in MD (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bethesda Elementary (math 48% / reading 52%, grade D+, #37 of 860 statewide, top 4%, 611 students, 21% FRL); Westland Middle (math 30% / reading 65%, grade C-, #12 of 225 statewide, top 5%, 845 students, 18% FRL); Bethesda-Chevy Chase High (math 71% / reading 87%, grade A-, #19 of 222 statewide, top 8%, 2,335 students, 26% FRL).
• Zoned-school proficiency averages 59% at this address vs 36% district-wide (+23 pts) — the actual schools serving this property are materially stronger than the Montgomery County Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-0.3%/yr); 461 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 3,880 units permitted in Montgomery County in 2024 (2,054 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.
• Montgomery County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 26y ago; this cycle's ask has dropped $35k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $106k; list at $200k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 32% of rent.

Recommended offer $189,684 (5.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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. 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: 1.38% ✓
• Cap rate: 5.87%
• Cash-on-cash: -1.53%
• DSCR: 0.93
• GRM: 6.0

CMA / ARV

• ARV (median comp): $262,707
• List price: $200,000
• Delta: -23.87%
• 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: -24.3%
• Equity multiple: 0.21×
• Total profit: $-44,466
• Equity at exit: $29,821

10-year hold

• IRR: -47.6%
• Equity multiple: -0.31×
• Total profit: $-73,503
• Equity at exit: $17,292

Cash invested: $56,000 (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 20814

• Rents YoY: -0.3%
• Active inventory: 461
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,762 high
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$871
• Vacancy / Maint / Mgmt: −$580
• Net cashflow: $-71

Break-even live

Break-even rent $2,852

Max offer price $189,684

Occupancy floor 98%

Sensitivity live

Price	-10% $67	-5% $-2	+0% $-71	+5% $-140	+10% $-210
Rent	-10% $-289	-5% $-180	+0% $-71	+5% $38	+10% $147
Rate	-1.0pp $29	-0.5pp $-20	base $-71	+0.5pp $-123	+1.0pp $-176

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4977 Battery Ln Unit 1-610 Bethesda, MD	2.0	1.0	1078	$2,950	$2.74	21d	1	0.06mi
5015 Battery Ln Bethesda, MD	2.0	2.0	992	$2,490	$2.51	4d	5	0.10mi
4970 Battery Ln Bethesda, MD	2.0	2.0	1071	$2,700	$2.52	18d	2	0.13mi
4970 Battery Ln #104 Bethesda, MD	2.0	2.0	1054	$2,900	$2.75	8d	1	0.14mi
4909 Battery Ln Bethesda, MD	2.0	1.0	900	$2,095	$2.33	25d	1	0.20mi
8015 Old Georgetown Rd Bethesda, MD	2.0	1.0–2.0	974	$3,693	$3.79	0d	35	0.21mi
4909 Auburn Ave Bethesda, MD	2.0	1.0–2.5	787	$3,828	$4.86	0d	40	0.24mi
4850 Rugby Ave Bethesda, MD	2.0	1.0–2.0	971	$3,550	$3.66	2d	32	0.28mi
4836 Rugby Ave Unit 1040027P Bethesda, MD	1.0	1.0	731	$6,570	$8.99	21d	1	0.28mi
4836 Rugby Ave Unit 1041733P Bethesda, MD	1.0	1.0	731	$5,670	$7.76	44d	1	0.28mi
4836 Rugby Ave Unit 1040084P Bethesda, MD	1.0	1.0	731	$5,670	$7.76	23d	1	0.28mi
4836 Rugby Ave Unit 1040022P Bethesda, MD	2.0	2.0	1097	$7,770	$7.08	44d	1	0.28mi
4800 Auburn Ave Bethesda, MD	2.0	1.0–3.0	1096	$3,930	$3.58	0d	38	0.29mi
8200 Woodmont Ave Bethesda, MD	2.0	1.0–2.0	822	$2,062	$2.51	4d	52	0.33mi
4835 Cordell Ave Bethesda, MD	2.0	1.0–2.0	880	$2,990	$3.40	0d	8	0.34mi
4853 Cordell Ave Bethesda, MD	2.0	1.0–2.0	837	$2,414	$2.88	3d	21	0.35mi
8300 Wisconsin Ave Bethesda, MD	3.0	1.0–3.5	1245	$3,958	$3.18	0d	24	0.35mi
4720 Rosedale Ave Bethesda, MD	1.0	1.0	717	$2,172	$3.03	0d	5	0.41mi
4918 Saint Elmo Ave Bethesda, MD	2.0	1.0–2.0	885	$3,386	$3.83	4d	17	0.43mi
4924 Saint Elmo Ave #1069 Bethesda, MD	1.0	1.0	603	$2,560	$4.25	4d	2	0.43mi
4924 Saint Elmo Ave Bethesda, MD	3.0	1.0–3.0	974	$4,407	$4.52	0d	38	0.44mi
4801 Fairmont Ave Bethesda, MD	1.0	1.0	668	$1,995	$2.99	2d	1	0.47mi
4801 Fairmont Ave Bethesda, MD	1.0	1.0	668	$2,075	$3.11	8d	2	0.47mi
7770 Norfolk Ave Bethesda, MD	2.0	1.0–2.5	1193	$4,184	$3.51	0d	9	0.49mi
7814 Tilbury St #17 Bethesda, MD	1.0	1.0	788	$1,900	$2.41	44d	1	0.55mi
4900 Moorland Ln Bethesda, MD	1.0–2.0	1.0–2.0	905	$1,582	$1.75	0d	20	0.58mi
4808 Moorland Ln Bethesda, MD	1.0	1.0	550	$2,800	$5.09	44d	1	0.59mi
4808 Moorland Ln #501 Bethesda, MD	1.0	1.0	537	$2,200	$4.10	3d	1	0.59mi
4903 Edgemoor Ln Bethesda, MD	2.0	1.0–2.0	1044	$2,626	$2.51	3d	9	0.61mi
7707 Wisconsin Ave Bethesda, MD	1.0–2.0	1.0–2.0	963	$2,458	$2.55	4d	10	0.62mi
7607 Old Georgetown Rd Bethesda, MD	1.0–2.0	1.0–2.0	961	$2,500	$2.60	0d	25	0.62mi
4885 Edgemoor Ln Bethesda, MD	1.0–2.0	1.0–2.0	938	$2,520	$2.69	0d	7	0.63mi
4535 Avondale St Unit 1 Bethesda, MD	2.0	2.0	1000	$5,500	$5.50	44d	1	0.67mi
7500 Woodmont Ave Unit S702 Bethesda, MD	2.0	1.0	862	$2,700	$3.13	44d	1	0.70mi
7500 Woodmont Ave Unit 1113 Bethesda, MD	1.0	1.0	765	$2,300	$3.01	44d	1	0.70mi
4901 Montgomery Ln Bethesda, MD	2.0	2.0	1068	$4,160	$3.90	0d	2	0.71mi
7342 Wisconsin Ave Bethesda, MD	2.0	1.0–2.0	974	$6,370	$6.54	0d	178	0.82mi
7131 Arlington Rd Bethesda, MD	1.0–2.0	1.0–2.5	987	$2,505	$2.54	4d	21	0.83mi
7347 Wisconsin Ave #303 Bethesda, MD	1.0	1.0	850	$1,725	$2.03	44d	1	0.85mi
4700 Hampden Ln Bethesda, MD	2.0	1.0–2.0	765	$3,488	$4.56	0d	126	0.85mi

HOA detail condo

• Monthly dues: $871 · $10,452/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-21
   days on market $200,000 Active 46 DOM
2. 2026-06-18
   days on market $200,000 Active 43 DOM
3. 2026-06-17
   days on market $200,000 Active 42 DOM
4. 2026-06-16
   days on market $200,000 Active 41 DOM
5. 2026-06-15
   days on market $200,000 Active 40 DOM
6. 2026-06-13
   days on market $200,000 Active 38 DOM
7. 2026-06-10
   price $200,000 Active 34 DOM
8. 2026-06-09
   days on market $225,000 Active 34 DOM
9. 2026-06-08
   days on market $225,000 Active 33 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    days on market $225,000 Active 32 DOM
12. 2026-06-03
    days on market $225,000 Active 28 DOM
13. 2026-06-02
    pricedays on market $225,000 Active 27 DOM
14. 2026-06-01
    days on market $235,000 Active 26 DOM
15. 2026-05-31
    days on market $235,000 Active 25 DOM
16. 2026-05-07
    listed $235,000 Active 1308-char remark
17. 2026-05-04
    historical $235,000 1308-char remark
18. 2026-05-03
    historical
19. 2026-04-03
    price $249,800
20. 2026-02-17
    price $259,800
21. 2026-02-17
    listed $250,000 Active
22. 2025-12-03
    historical
23. 2000-03-20
    soldstatus $106,000
24. 2000-02-24
    historical
25. 2000-01-14
    listed $106,000

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

Taxation est. · year 1

• Rental income: $33,142
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,651
• − Management: −$2,651
• − HOA: −$10,452
• − Depreciation: −$5,818
• Taxable loss: −$3,634
• Est. tax savings @ 24.0%: +$872
• After-tax cash flow: $17/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 80/100 Cosmetic rehab

This recently renovated condo is in excellent condition with a good condition score of 80. It offers a move-in-ready living experience with modern updates and a well-maintained exterior.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in common areas — Improves aesthetics and functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in common areas — Improves aesthetics and functionality ↑

ⓘ 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: Montgomery County Public Schools
• NCES district ID: 2400480
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 45% ▼ -10.00%
• Median HH income: $97,191
• Composite: 35.62/100
• National rank: #4889
• State rank: #3 of 24 in MD

Livability — Bethesda

• Score: 78/100
• State rank: #67
• US rank: #2463

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bethesda, MD
• County: Montgomery County · 961,106 people
• City population: 88,389
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 32,795
• Household income: $150,996
• Rent vs Own: 49.2% rent · 50.8% own
• Severe rent burden: 1328.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 1,173,231 people
• By 2030: 1,237,402 · +5.5%
• By 2040: 1,365,115 · +16.4%
• By 2050: 1,491,592 · +27.1%
• By 2075: 1,803,893 · +53.8%
• By 2100: 2,035,619 · +73.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Asian 13% Two or more races 10% Hispanic / Latino 10% Black 6%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Scotch-Irish 5% Romanian 4% Lithuanian 4%
• Foreign-born: 25% · Canada, China, Jamaica
• Languages at home: 71% English-only · Spanish 7% Other Indo-European 5% French/Haitian/Cajun 4%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+53.3) · D 75.2% · R 21.9% · Other 2.9%
• 2008→2024 swing: +8.7pp toward D · 2008: 44.6pp · 2024: 53.3pp
• All cycles: 2024: D+53.3 2020: D+59.6 2016: D+55.5 2012: D+43.4 2008: D+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -603.88%
• Current HPI: 253.4497
• Rent YoY: ▼ -0.29%
• 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

+88.7% since first listed

12 events — show timeline

• 2026-06-09 Price Changed $200,000 BRIGHT MLS
• 2026-06-02 Price Changed $225,000 BRIGHT MLS
• 2026-05-07 Listed $235,000 BRIGHT MLS
• 2026-05-04 Coming Soon $235,000 BRIGHT MLS
• 2026-05-03 Listing Removed — BRIGHT MLS
• 2026-04-03 Price Changed $249,800 BRIGHT MLS
• 2026-02-17 Price Changed $259,800 BRIGHT MLS
• 2026-02-17 Listed $250,000 BRIGHT MLS
• 2025-12-03 Coming Soon — BRIGHT MLS
• 2000-03-20 Sold (MLS) $106,000 MRIS
• 2000-02-24 Delisted — MRIS
• 2000-01-14 Listed $106,000 MRIS