1824 Metzerott Rd #203 · Adelphi, MD 20783

$100,000

1 bd · 1.0 ba · 610 sqft · Condo public records · 44 Days on market

Built 1964 $164/sqft · at area comps Est $105k · at est. $495/mo HOA · 35% of rent

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Why this score? — see what drove the D 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 +9.8/30.0
• ARV discount +9.5/15.0
• 1% rule +9.1/10.0
• Livability +3.6/5.0
• Rent growth +2.9/5.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a convenient place to call home? This 1-bedroom, 1-bathroom property is ideally located near major highways I-495 and I-95, making it perfect for commuters. The home features brand-new flooring throughout, offering a fresh and modern feel. Don’t miss this opportunity — schedule your showing today!

Key facts

• New floors
• Major highways
• $495 HOA

Tags

• NEW FLOORS
• MAJOR HIGHWAYS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $-65 ($-778/yr) — negative.
• To cash-flow at today's rent, offer at most $89k (11.5% below list).
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $89k (11.5% below list) — sets the bar for cash-flow.
• Cap rate 5.5% vs local median 4.0% in Adelphi — 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 72/100 on livability (#148 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment B+; Watch: amenities 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 (+1.7%/yr); 92 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 4d 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 $691 of loan paydown is wiped out by about $3k 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 44 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $68k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• 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 $88,544 (11.5% 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 44 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Built in 1964 — 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 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. 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: 1.41% ✓
• Cap rate: 5.51%
• Cash-on-cash: -2.78%
• DSCR: 0.88
• GRM: 5.9

CMA / ARV

• ARV (median comp): $104,645
• List price: $100,000
• Delta: -4.44%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.73% rent growth · sell at horizon

5-year hold

• IRR: -23.0%
• Equity multiple: 0.22×
• Total profit: $-21,792
• Equity at exit: $14,910

10-year hold

• IRR: -23.4%
• Equity multiple: -0.08×
• Total profit: $-30,105
• Equity at exit: $8,646

Cash invested: $28,000 (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 20783

• Rents YoY: 1.7%
• Active inventory: 92
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,409 high
• Mortgage (P&I): −$524
• Tax from tax record: −$117 /mo · $1,405/yr
• Insurance: −$42
• HOA: −$495
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $-65

Break-even live

Break-even rent $1,491

Max offer price $88,544

Occupancy floor 100%

Sensitivity live

Price	-10% $-8	-5% $-37	+0% $-65	+5% $-93	+10% $-121
Rent	-10% $-176	-5% $-121	+0% $-65	+5% $-9	+10% $46
Rate	-1.0pp $-14	-0.5pp $-39	base $-65	+0.5pp $-91	+1.0pp $-117

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1824 Metzerott Rd Unit 203A Adelphi, MD	1.0	1.0	610	$1,400	$2.30	11d	1	0.02mi
1824 Metzerott Rd #208 Adelphi, MD	1.0	1.0	610	$1,300	$2.13	4d	1	0.03mi
9282 Adelphi Rd #303 Hyattsville, MD	1.0	1.0	695	$1,350	$1.94	17d	1	0.10mi
1818 Metzerott Rd Adelphi, MD	1.0–3.0	1.0–1.5	854	$1,450	$1.70	0d	14	0.10mi
1836 Metzerott Rd Unit 1915 Adelphi, MD	—	1.0	565	$1,195	$2.12	13d	1	0.11mi
1809 Fox St Adelphi, MD	3.0	1.0	766	$1,650	$2.15	2d	14	0.18mi
9228 Edwards Way Hyattsville, MD	1.0–2.0	1.0–2.0	862	$1,681	$1.95	0d	19	0.18mi
1804 Metzerott Rd #504 Adelphi, MD	1.0	1.0	610	$1,299	$2.13	44d	1	0.21mi
1432 Hampshire West Ct Silver Spring, MD	2.0	1.0	780	$1,758	$2.25	3d	18	0.40mi
9120 Piney Branch Rd Silver Spring, MD	1.0–3.0	1.0–1.5	703	$1,447	$2.06	2d	35	0.80mi
New Hampshire Ave Silver Spring, MD	1.0	1.0	596	$1,600	$2.68	8d	1	0.91mi
9118 September Ln Silver Spring, MD	1.0	1.0	640	$1,600	$2.50	44d	1	1.16mi
8111 Tahona Dr Silver Spring, MD	1.0–2.0	1.0	775	$1,295	$1.67	2d	7	1.21mi
1017 Merrimac Dr Silver Spring, MD	1.0–2.0	1.0	772	$1,599	$2.07	11d	10	1.25mi
8007 14th Ave Hyattsville, MD	1.0	1.0	579	$1,525	$2.63	0d	1	1.29mi
1400 University Blvd E Hyattsville, MD	1.0–2.0	1.0	762	$995	$1.30	0d	54	1.46mi
1801 Jasmine Ter Hyattsville, MD	1.0–2.0	1.0	610	$1,530	$2.51	4d	29	1.50mi

HOA detail condo

• Monthly dues: $495 · $5,940/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $100,000 Active 44 DOM
2. 2026-06-17
   days on market $100,000 Active 43 DOM
3. 2026-06-16
   days on market $100,000 Active 42 DOM
4. 2026-06-08
   days on market $100,000 Active 41 DOM
5. 2026-06-07
   days on market $100,000 Active 40 DOM
6. 2026-06-04
   days on market $100,000 Active 37 DOM
7. 2026-06-03
   days on market $100,000 Active 36 DOM
8. 2026-06-02
   days on market $100,000 Active 35 DOM
9. 2026-06-01
   days on market $100,000 Active 34 DOM
10. 2026-05-31
    days on market $100,000 Active 33 DOM
11. 2026-05-13
    status Active 322-char remark

    Show marketing remark (322 chars)

    Looking for a convenient place to call home? This 1-bedroom, 1-bathroom property is ideally located near major highways I-495 and I-95, making it perfect for commuters. The home features brand-new flooring throughout, offering a fresh and modern feel. Don’t miss this opportunity — schedule your showing today!

12. 2026-04-01
    status Pending 322-char remark

    Show marketing remark (322 chars)

    Looking for a convenient place to call home? This 1-bedroom, 1-bathroom property is ideally located near major highways I-495 and I-95, making it perfect for commuters. The home features brand-new flooring throughout, offering a fresh and modern feel. Don’t miss this opportunity — schedule your showing today!

13. 2026-03-24
    price $100,000 322-char remark

    Show marketing remark (322 chars)

    Looking for a convenient place to call home? This 1-bedroom, 1-bathroom property is ideally located near major highways I-495 and I-95, making it perfect for commuters. The home features brand-new flooring throughout, offering a fresh and modern feel. Don’t miss this opportunity — schedule your showing today!

14. 2026-03-16
    listed $115,000 Active 322-char remark

    Show marketing remark (322 chars)

    Looking for a convenient place to call home? This 1-bedroom, 1-bathroom property is ideally located near major highways I-495 and I-95, making it perfect for commuters. The home features brand-new flooring throughout, offering a fresh and modern feel. Don’t miss this opportunity — schedule your showing today!

15. 2022-11-24
    historical
16. 2022-11-23
    historical
17. 2022-10-21
    listed $130,000 Active
18. 2019-10-23
    soldstatus $68,500
19. 2019-09-27
    soldstatus $68,500 Closed
20. 2019-09-09
    status Pending
21. 2019-09-04
    price $69,999
22. 2019-08-27
    status Active
23. 2019-07-17
    status Pending
24. 2019-06-07
    listed $75,000 Active
25. 1983-03-08
    soldstatus $33,455

ⓘ 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: $1,405 · $117/mo
• Projected year-2 tax: $1,405 · $117/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,911
• − Mortgage interest: −$5,602
• − Property taxes: −$1,405
• − Insurance: −$500
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − HOA: −$5,940
• − Depreciation: −$2,909
• Taxable loss: −$2,150
• Est. tax savings @ 24.0%: +$516
• After-tax cash flow: $-262/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 — Adelphi

• Score: 72/100
• State rank: #148
• US rank: #6408

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Adelphi, MD
• County: Prince Georges County · 919,866 people
• City population: 50,893
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 50,333
• Household income: $86,737
• Rent vs Own: 57.7% rent · 42.3% own
• Severe rent burden: 2222.0

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 Hispanic (68%)
• Race & ethnicity: Hispanic / Latino 68% Black 22% Two or more races 9% White 5% Asian 3%
• Hispanic origin (detail): Mexican 2% Dominican 2%
• Common ancestry: Hispanic 1%
• Foreign-born: 60% · Canada, Jamaica, United Kingdom
• Languages at home: 21% English-only · Spanish 66% French/Haitian/Cajun 5% 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: ▼ -269.12%
• Current HPI: 313.7836
• Rent YoY: ▲ 1.73%
• 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

+198.9% since first listed

15 events — show timeline

• 2026-05-13 Relisted — BRIGHT MLS
• 2026-04-01 Pending — BRIGHT MLS
• 2026-03-24 Price Changed $100,000 BRIGHT MLS
• 2026-03-16 Listed $115,000 BRIGHT MLS
• 2022-11-24 Rental Removed — BRIGHTMLS
• 2022-11-23 Listing Removed — BRIGHT MLS
• 2022-10-21 Listed $130,000 BRIGHT MLS
• 2019-10-23 Sold (Public Records) $68,500 Public Records
• 2019-09-27 Sold (MLS) $68,500 BRIGHT MLS
• 2019-09-09 Pending — BRIGHT MLS
• 2019-09-04 Price Changed $69,999 BRIGHT MLS
• 2019-08-27 Relisted — BRIGHT MLS
• 2019-07-17 Pending — BRIGHT MLS
• 2019-06-07 Listed $75,000 BRIGHT MLS
• 1983-03-08 Sold (Public Records) $33,455 Public Records

Property tax history

+0.2%/yr

Latest (2025): $1,405 · +6.8% YoY. Source: county tax records.