5104 Lakeland Rd · College Park, MD 20740

$350,000

6 bd · 2.0 ba · 1,235 sqft · SingleFamily public records · 17 Days on market

Built 1949 0.29 ac lot $283/sqft · 11% above area Est $533k · 34% under

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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 +24.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.1/10.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Exceptional opportunity in the heart of College Park just minutes from the University of Maryland! This spacious detached Cape Cod offers 6 bedrooms, 2 full bathrooms, and a flexible income-producing layout ideal for investors or owner-occupants alike. The home features approximately 1,235 finished square feet above grade plus a finished basement apartment offering additional living space and rental potential. Situated in a highly desirable rental market with strong long-term demand, this property is perfect for student housing, multi-generational living, or buyers seeking to maximize income potential. Features include multiple living configurations, generous bedroom count, private yard spa

Key facts

• Private yard space
• 0.29 acre lot
• Built 1949

Tags

• INCOME PRODUCING LAYOUT
• FINISHED BASEMENT APARTMENT
• PRIVATE YARD SPACE

Property features AI

Finance

• Other: Fee simple ownership; Accessibility with 2+ access exits

Exterior

• Parking: Off-street parking; Driveway
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: Detached property; Frame construction
• Construction: Frame construction; Block foundation; Above-grade and below-grade structures
• Exterior features: Partially fenced yard; No tidal water on the lot; Below-grade finished area (estimated)

Interior

• Bedrooms: Two bedrooms on the main level; Two bedrooms on the first upper level; Two bedrooms on the first lower level; Master bedroom
• Bathrooms: Two full bathrooms total; One half bathroom total; One full bathroom on the main level; One full bathroom on the first lower level; One half bathroom on the first upper level
• Heating & cooling: Radiator heating; Natural gas heating and hot water; Window air conditioning units (electric)
• Interior features: Dining area; Living room; Dining room; Game room; Den; Outside entrance to basement; Walkout stairs to basement; Fully finished basement; Estimated living area

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $702 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $350k).
• Recommended offer: $345k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.4% in College Park — 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 (#44 in MD, #1,640 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: schools F, crime F, cost of living 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 (+5.5%/yr); 82 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• At $3,885/mo this rent would consume 60% of the median local household income ($77k/yr) (locally 2772% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $98k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($345k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 27y 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.
• Current owner paid $90k; list at $350k implies a 289% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — 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 $344,750 (1.5% below list)

Questions for the listing agent

1. Built in 1949 — 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. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.11% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.59%
• DSCR: 1.38
• GRM: 7.5

CMA / ARV

• ARV (median comp): $532,762
• List price: $350,000
• Delta: -34.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8713 Rhode Island Ave	0.56mi	6/2.0	1,175 (-5%)	13mo	$430,000	$366	55
8804 48th Ave	0.65mi	5/2.0 (-1)	1,410 (+14%)	11mo	$395,000	$280	31

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 · 5.49% rent growth · sell at horizon

5-year hold

• IRR: -0.5%
• Equity multiple: 0.98×
• Total profit: $-2,017
• Equity at exit: $52,186

10-year hold

• IRR: 11.6%
• Equity multiple: 2.01×
• Total profit: $98,982
• Equity at exit: $30,262

Cash invested: $98,000 (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 20740

• Rents YoY: 5.5%
• Active inventory: 82
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $3,885 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$386 /mo · $4,634/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$816
• Net cashflow: $702

Break-even live

Break-even rent $2,997

Max offer price $350,000

Occupancy floor 77%

Sensitivity live

Price	-10% $900	-5% $801	+0% $702	+5% $603	+10% $504
Rent	-10% $395	-5% $548	+0% $702	+5% $855	+10% $1,009
Rate	-1.0pp $878	-0.5pp $791	base $702	+0.5pp $611	+1.0pp $519

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8713 Rhode Island Ave College Park, MD	6.0	3.0	1175	$4,007	$3.41	5d	1	0.55mi
9108 49th Ave College Park, MD	5.0	3.0	1188	$3,500	$2.95	44d	1	1.02mi
5001 Iroquois St College Park, MD	5.0	3.0	1183	$3,500	$2.96	0d	1	1.31mi
8709 37th Ave College Park, MD	6.0	3.0	1230	$4,000	$3.25	44d	1	1.33mi

Listing history 5 events

1. 2026-05-12
   listed $350,000 Active 915-char remark
2. 1999-08-09
   soldstatus $90,000
3. 1999-07-21
   soldstatus $90,000
4. 1999-06-01
   historical
5. 1999-04-14
   listed $110,000

ⓘ 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: $4,634 · $386/mo
• Projected year-2 tax: $4,634 · $386/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 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,620
• − Mortgage interest: −$19,605
• − Property taxes: −$4,634
• − Insurance: −$1,750
• − Repairs & maintenance: −$3,730
• − Management: −$3,730
• − Depreciation: −$10,182
• Taxable income: $2,990
• Est. tax owed @ 24.0%: −$718
• After-tax cash flow: $7,703/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 — College Park

• Score: 80/100
• State rank: #44
• US rank: #1640

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: College Park, MD
• County: Prince Georges County · 919,866 people
• City population: 36,847
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 36,847
• Household income: $77,317
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 2772.0

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: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: White 35% Black 24% Hispanic / Latino 22% Asian 14% Two or more races 10%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Italian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 28% · Canada, China, South Korea
• Languages at home: 66% English-only · Spanish 18% Other Indo-European 6% Chinese 4%

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: ▼ -337.75%
• Current HPI: 314.4446
• Rent YoY: ▲ 5.49%
• 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

+218.2% since first listed

6 events — show timeline

• 2026-05-29 Listing Removed — BRIGHT MLS
• 2026-05-12 Listed $350,000 BRIGHT MLS
• 1999-08-09 Sold (Public Records) $90,000 Public Records
• 1999-07-21 Sold (MLS) $90,000 MRIS
• 1999-06-01 Delisted — MRIS
• 1999-04-14 Listed $110,000 MRIS

Property tax history

+5.5%/yr

Latest (2025): $4,634 · +4.7% YoY. Source: county tax records.