2510 Markham Ln #5 · Landover, MD 20785

$144,900

1 bd · 1.0 ba · 723 sqft · Condo public records · 133 Days on market

Built 1963 $200/sqft · 30% below area Est $207k · 30% under $293/mo HOA · 18% 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 +14.8/30.0
• 1% rule +6.1/10.0
• DSCR +4.5/10.0
• Rent growth +3.6/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home is occupied, please do not show without first calling the listing agent. This spacious 1-bedroom, 1-bathroom condo in a charming garden-style building offers more than 700 sq. ft. of comfortable living space. The home features hardwood flooring throughout the main living areas, with cozy carpeted bedrooms for added comfort. Enjoy the convenience of central air conditioning and heating, an in-unit washer/dryer, and modern gas appliances. The bedroom includes an spacious closet, and the kitchen is fully equipped with a dishwasher, garbage disposal, and ample cabinet space. Nestled in a quiet section, this condo offers easy access to shopping, entertainment, public transportation, and major highways, including I-495 and Route 50. Offers will only be considered by prospective buyers who intend to live in the unit as an owner-occupant. This Association is financially sound and has some of the lowest condo dues in Prince Georges’ County. Seller will provide Home Warranty for 3 years! Seller is also willing to provide additional closing assistance.

Key facts

• Hardwood flooring
• In unit washer dryer
• Ample cabinet space

Tags

• HARDWOOD FLOORING
• CENTRAL AIR CONDITIONING
• IN UNIT WASHER DRYER
• MODERN GAS APPLIANCES
• FULLY EQUIPPED KITCHEN
• AMPLE CABINET SPACE

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $40 ($474/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: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 4.9% in Landover — 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 69/100 on livability (#194 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: health & safety C-, schools F, 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 rising fast (+4.3%/yr); 133 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 3d 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 $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 133 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• 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 $127,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 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 1963 — 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 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. 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?
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: 1.11% ✓
• Cap rate: 6.62%
• Cash-on-cash: 1.17%
• DSCR: 1.05
• GRM: 7.5

CMA / ARV

• ARV (median comp): $207,125
• List price: $144,900
• Delta: -30.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.3% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.54×
• Total profit: $-18,654
• Equity at exit: $21,605

10-year hold

• IRR: -1.1%
• Equity multiple: 0.92×
• Total profit: $-3,299
• Equity at exit: $12,528

Cash invested: $40,572 (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 20785

• Home prices YoY: -30.4%
• Rents YoY: 4.3%
• Active inventory: 133
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,615 high
• Mortgage (P&I): −$760
• Tax from tax record: −$123 /mo · $1,478/yr
• Insurance: −$60
• HOA: −$293
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $40

Break-even live

Break-even rent $1,565

Max offer price $144,900

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2518 Kent Village Dr Unit 1 Hyattsville, MD	1.0	1.0	512	$1,599	$3.12	43d	1	0.40mi
2014 E Marlboro Ave Hyattsville, MD	1.0–3.0	1.0–2.0	987	$1,379	$1.40	2d	2	0.70mi
8441 Marvin Wilson Way Lanham, MD	1.0	1.0	740	$1,550	$2.09	43d	1	0.92mi
1127 Ivy Club Ln Hyattsville, MD	1.0–2.0	1.0–2.0	826	$1,574	$1.90	3d	7	1.34mi
3950 Garden City Dr Hyattsville, MD	1.0–2.0	1.0–2.0	819	$1,812	$2.21	43d	13	1.42mi
6501 Landover Rd Cheverly, MD	1.0–3.0	1.0–1.5	911	$1,399	$1.54	2d	14	1.42mi
4851 Ellin Rd Hyattsville, MD	1.0–2.0	1.0–2.0	916	$1,872	$2.04	2d	109	1.47mi
4050 Garden City Dr Hyattsville, MD	3.0	1.0–3.0	757	$2,040	$2.69	1d	28	1.50mi

HOA detail condo

• Monthly dues: $293 · $3,516/yr
• Likely covers: trashgas
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $144,900 Active 133 DOM
2. 2026-06-17
   days on market $144,900 Active 132 DOM
3. 2026-06-16
   days on market $144,900 Active 131 DOM
4. 2026-06-15
   days on market $144,900 Active 130 DOM
5. 2026-06-13
   days on market $144,900 Active 128 DOM
6. 2026-06-10
   days on market $144,900 Active 124 DOM
7. 2026-06-08
   days on market $144,900 Active 123 DOM
8. 2026-06-07
   days on market $144,900 Active 122 DOM
9. 2026-06-04
   days on market $144,900 Active 119 DOM
10. 2026-06-03
    days on market $144,900 Active 118 DOM
11. 2026-06-02
    days on market $144,900 Active 117 DOM
12. 2026-06-01
    days on market $144,900 Active 116 DOM
13. 2026-05-31
    days on market $144,900 Active 115 DOM
14. 2026-02-05
    status Active 1068-char remark

    Show marketing remark (1068 chars)

    Home is occupied, please do not show without first calling the listing agent. This spacious 1-bedroom, 1-bathroom condo in a charming garden-style building offers more than 700 sq. ft. of comfortable living space. The home features hardwood flooring throughout the main living areas, with cozy carpeted bedrooms for added comfort. Enjoy the convenience of central air conditioning and heating, an in-unit washer/dryer, and modern gas appliances. The bedroom includes an spacious closet, and the kitchen is fully equipped with a dishwasher, garbage disposal, and ample cabinet space. Nestled in a quiet section, this condo offers easy access to shopping, entertainment, public transportation, and major highways, including I-495 and Route 50. Offers will only be considered by prospective buyers who intend to live in the unit as an owner-occupant. This Association is financially sound and has some of the lowest condo dues in Prince Georges’ County. Seller will provide Home Warranty for 3 years! Seller is also willing to provide additional closing assistance.

15. 2026-02-05
    listed $144,900 Active 1068-char remark

    Show marketing remark (1068 chars)

    Home is occupied, please do not show without first calling the listing agent. This spacious 1-bedroom, 1-bathroom condo in a charming garden-style building offers more than 700 sq. ft. of comfortable living space. The home features hardwood flooring throughout the main living areas, with cozy carpeted bedrooms for added comfort. Enjoy the convenience of central air conditioning and heating, an in-unit washer/dryer, and modern gas appliances. The bedroom includes an spacious closet, and the kitchen is fully equipped with a dishwasher, garbage disposal, and ample cabinet space. Nestled in a quiet section, this condo offers easy access to shopping, entertainment, public transportation, and major highways, including I-495 and Route 50. Offers will only be considered by prospective buyers who intend to live in the unit as an owner-occupant. This Association is financially sound and has some of the lowest condo dues in Prince Georges’ County. Seller will provide Home Warranty for 3 years! Seller is also willing to provide additional closing assistance.

16. 2026-02-05
    historical 1068-char remark

    Show marketing remark (1068 chars)

    Home is occupied, please do not show without first calling the listing agent. This spacious 1-bedroom, 1-bathroom condo in a charming garden-style building offers more than 700 sq. ft. of comfortable living space. The home features hardwood flooring throughout the main living areas, with cozy carpeted bedrooms for added comfort. Enjoy the convenience of central air conditioning and heating, an in-unit washer/dryer, and modern gas appliances. The bedroom includes an spacious closet, and the kitchen is fully equipped with a dishwasher, garbage disposal, and ample cabinet space. Nestled in a quiet section, this condo offers easy access to shopping, entertainment, public transportation, and major highways, including I-495 and Route 50. Offers will only be considered by prospective buyers who intend to live in the unit as an owner-occupant. This Association is financially sound and has some of the lowest condo dues in Prince Georges’ County. Seller will provide Home Warranty for 3 years! Seller is also willing to provide additional closing assistance.

17. 2015-12-16
    soldstatus $1,850,000
18. 2006-12-20
    historical
19. 2006-04-01
    listed

ⓘ 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: $1,478 · $123/mo
• Projected year-2 tax: $1,529 · $127/mo
• Expected delta: +$51/yr (+$4/mo · 3.4%)

ⓘ 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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% 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: $19,382
• − Mortgage interest: −$8,117
• − Property taxes: −$1,478
• − Insurance: −$724
• − Repairs & maintenance: −$1,551
• − Management: −$1,551
• − HOA: −$3,516
• − Depreciation: −$4,215
• Taxable loss: −$1,770
• Est. tax savings @ 24.0%: +$425
• After-tax cash flow: $899/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 — Landover

• Score: 69/100
• State rank: #194
• US rank: #8942

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Landover, MD
• County: Prince Georges County · 919,866 people
• City population: 40,946
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 40,066
• Household income: $85,994
• Rent vs Own: 48.4% rent · 51.6% own
• Severe rent burden: 1927.0

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 (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 16% White 6% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Dominican 1%
• Common ancestry: Hispanic 2% Swiss 0%
• Foreign-born: 21% · Canada, United Kingdom, China
• Languages at home: 74% English-only · Spanish 13% French/Haitian/Cajun 4% Other Indo-European 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: ▼ -137.48%
• Current HPI: 314.7413
• Rent YoY: ▲ 4.30%
• 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

-92.2% since first listed

6 events — show timeline

• 2026-02-05 Relisted — BRIGHT MLS
• 2026-02-05 Listing Removed — BRIGHT MLS
• 2026-02-05 Listed $144,900 BRIGHT MLS
• 2015-12-16 Sold (Public Records) $1,850,000 Public Records
• 2006-12-20 Delisted — MRIS
• 2006-04-01 Listed — MRIS

Property tax history

-1.2%/yr

Latest (2025): $1,478 · +21.1% YoY. Source: county tax records.