7924 Riggs Rd · Langley Park, MD 20783

$175,000

3 bd · 2.5 ba · 1,508 sqft · Townhouse public records · 20 Days on market

Built 1954 2,575 sqft lot Est $228k · 23% under $706/mo HOA · 27% of rent

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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 +22.2/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +7.1/10.0
• Livability +3.7/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

THIS IS A SHORT SALE, SUBJECT TO THIRD PARTY APPROVAL, * * SOLD IN AS-IS CONDITIONS * * . Welcome to this spacious 3 Levels, 3 Bedrooms, 2.5 Baths condo townhome located in the Serene Townhouse Village community. Large first floor with living/dining area; large powder-room; table-space kitchen at rear home with exit to rear yard. The upper level has two (2) very large bedrooms, and full bathroom. The lower level has lots of space presently used as a third bedroom, and a full bath Fantastic location, close to D. C. ,shopping, restaurants, schools/colleges, Metro station, major highways, I495, I95, public transportation, and much more! This home is truly a commuter’s dream. Agents ple

Key facts

• Rear yard
• Table-space kitchen
• Commuters dream

Tags

• SPACIOUS 3 LEVELS
• TABLE-SPACE KITCHEN
• REAR YARD
• COMMUTERS DREAM

Property features AI

Finance

• Financial info: Property assessed values and tax details available
• HOA & community: Monthly condo/coop fee of $706 managed professionally off-site; HOA covers common area maintenance, gas, management, parking fee, sewer, snow removal, trash and water; Common grounds

Exterior

• Parking: Off-street parking in a parking lot
• Utilities: Public water; Public sewer; Electric service
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Assessor-listed year built
• Construction: Brick and aluminum siding exterior; Concrete perimeter foundation
• Exterior features: Above-grade and below-grade other structures; No tidal water

Interior

• Bedrooms: Two bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Forced air heating (electric); Ceiling fan cooling (electric); Hot water supplied by natural gas
• Interior features: Fully finished basement with connecting stairway and shelving; Estimated living area

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $175k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.2% in Langley 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 74/100 on livability (#110 in MD, #4,438 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: 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; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($87k/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 $1k of loan paydown is wiped out by about $5k 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 20 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 4 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.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent; built in 1954 — 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 $172,375 (1.5% below list)

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.52% ✓
• Cap rate: 8.26%
• Cash-on-cash: 7.01%
• DSCR: 1.31
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $227,708
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7917 18th Ave	0.04mi	2/1.5 (-1)	1,505 (-0%)	1mo	$190,000	$126	88
7959 18th Ave	0.06mi	3/1.5	1,524 (+1%)	24mo	$230,000	$151	72
7904 Riggs Rd	0.03mi	4/1.5 (+1)	1,563 (+4%)	16mo	$235,000	$150	70
7333 New Hampshire Ave Unit 718W	0.59mi	3/2.0	1,360 (-10%)	15mo	$290,000	$213	42

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 · 1.73% rent growth · sell at horizon

5-year hold

• IRR: -7.3%
• Equity multiple: 0.73×
• Total profit: $-13,061
• Equity at exit: $26,093

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $358
• Equity at exit: $15,131

Cash invested: $49,000 (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: 5.5×

Monthly cashflow live

• Estimated rent: $2,663 high
• Mortgage (P&I): −$918
• Tax from tax record: −$121 /mo · $1,446/yr
• Insurance: −$73
• HOA: −$706
• Vacancy / Maint / Mgmt: −$559
• Net cashflow: $286

Break-even live

Break-even rent $2,300

Max offer price $175,000

Occupancy floor 84%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7970 Riggs Rd Hyattsville, MD	3.0	2.5	1366	$2,600	$1.90	44d	1	0.04mi
8100 15th Ave Hyattsville, MD	1.0–3.0	1.0–1.5	1002	$2,134	$2.13	2d	45	0.31mi
7333 New Hampshire Ave #0 Takoma Park, MD	2.0	2.0	1172	$2,599	$2.22	22d	1	0.59mi
7804 Temple St Hyattsville, MD	4.0	3.0	1342	$3,000	$2.24	44d	1	0.91mi
1120 Quebec St Unit 1 Silver Spring, MD	3.0	1.0	1100	$2,550	$2.32	18d	1	0.92mi
8409 Navahoe Dr Silver Spring, MD	3.0	1.5	1150	$2,300	$2.00	44d	1	0.94mi
3208 Stanford St Hyattsville, MD	4.0	3.5	1606	$3,500	$2.18	44d	1	1.01mi
6916 New Hampshire Ave Takoma Park, MD	3.0	2.0	1080	$3,200	$2.96	44d	1	1.06mi
6821 Red Top Rd Takoma Park, MD	2.0–3.0	1.0–2.0	950	$1,975	$2.08	5d	4	1.08mi
3317 Pennsylvania St Hyattsville, MD	3.0	1.0	1640	$3,600	$2.20	44d	1	1.10mi
3412 Purdue St Hyattsville, MD	4.0	2.0	1357	$2,900	$2.14	44d	1	1.12mi
605 Ethan Allen Ave Takoma Park, MD	3.0	2.5	1130	$2,950	$2.61	22d	1	1.26mi
8830 Piney Branch Rd Silver Spring, MD	2.0	2.0	1054	$1,925	$1.83	15d	2	1.32mi
8830 Piney Branch Rd Silver Spring, MD	1.0–2.0	1.0–2.0	964	$1,700	$1.76	44d	2	1.32mi
3427 Whippitt Way Hyattsville, MD	3.0	3.5	1744	$3,850	$2.21	44d	1	1.32mi
3404 Chester Aly Hyattsville, MD	4.0	4.5	2031	$3,900	$1.92	24d	1	1.34mi
1836 Metzerott Rd Adelphi, MD	2.0	2.0	1145	$2,300	$2.01	18d	1	1.35mi
1836 Metzerott Rd #901 Adelphi, MD	4.0	2.0	1450	$2,950	$2.03	17d	1	1.35mi
5929 Northwest Dr Hyattsville, MD	3.0	3.5	1680	$2,849	$1.70	3d	1	1.38mi
6045 Soho Way Hyattsville, MD	4.0	4.5	2055	$3,600	$1.75	4d	1	1.38mi
3350 Toledo Ter Hyattsville, MD	3.0	1.0–2.0	921	$2,746	$2.98	2d	21	1.40mi
3420 Toledo Ter Hyattsville, MD	3.0	1.0–2.0	912	$2,930	$3.21	2d	21	1.41mi
3300 East-West Hwy Hyattsville, MD	2.0	1.0–2.0	898	$2,200	$2.45	2d	45	1.44mi
6226 20th Ave Hyattsville, MD	4.0	2.0	1914	$3,100	$1.62	44d	1	1.44mi
1818 Metzerott Rd Adelphi, MD	1.0–3.0	1.0–1.5	854	$2,305	$2.70	1d	13	1.46mi
3711 Campus Dr College Park, MD	1.0–2.0	1.0–2.0	950	$2,902	$3.05	2d	90	1.49mi
9006 Linton St Silver Spring, MD	4.0	3.0	1674	$3,900	$2.33	44d	1	1.50mi
9006 Linton St Silver Spring, MD	4.0	3.0	1674	$3,900	$2.33	24d	1	1.50mi

HOA detail

• Monthly dues: $706 · $8,472/yr

Listing history 13 events

1. 2026-06-18
   days on market $175,000 Active 20 DOM
2. 2026-06-17
   days on market $175,000 Active 19 DOM
3. 2026-06-16
   days on market $175,000 Active 18 DOM
4. 2026-06-15
   days on market $175,000 Active 17 DOM
5. 2026-06-13
   days on market $175,000 Active 15 DOM
6. 2026-06-10
   days on market $175,000 Active 11 DOM
7. 2026-06-08
   days on market $175,000 Active 10 DOM
8. 2026-06-07
   days on market $175,000 Active 9 DOM
9. 2026-06-04
   days on market $175,000 Active 6 DOM
10. 2026-06-03
    days on market $175,000 Active 5 DOM
11. 2026-06-02
    days on market $175,000 Active 4 DOM
12. 2026-06-01
    days on market $175,000 Active 3 DOM
13. 2026-05-31
    days on market $175,000 Active 2 DOM

ⓘ 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: $1,446 · $121/mo
• Projected year-2 tax: $1,677 · $140/mo
• Expected delta: +$231/yr (+$19/mo · 15.9%)

ⓘ 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: $31,953
• − Mortgage interest: −$9,803
• − Property taxes: −$1,446
• − Insurance: −$875
• − Repairs & maintenance: −$2,556
• − Management: −$2,556
• − HOA: −$8,472
• − Depreciation: −$5,091
• Taxable income: $1,154
• Est. tax owed @ 24.0%: −$277
• After-tax cash flow: $3,160/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 — Langley Park

• Score: 74/100
• State rank: #110
• US rank: #4438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Langley Park, MD
• County: Prince Georges County · 919,866 people
• City population: 50,333
• 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

+257.2% since first listed

12 events — show timeline

• 2026-05-29 Listed $175,000 BRIGHT MLS
• 2004-08-12 Sold (Public Records) $165,000 Public Records
• 2004-06-11 Sold (MLS) $165,000 MRIS
• 2004-05-21 Delisted — MRIS
• 2004-05-09 Listed $165,000 MRIS
• 2001-02-26 Sold (MLS) $69,500 MRIS
• 2001-01-25 Delisted — MRIS
• 2000-09-29 Listed $69,900 MRIS
• 2000-03-25 Delisted — MRIS
• 1999-04-08 Listed — MRIS
• 1983-11-22 Sold (Public Records) $56,990 Public Records
• 1980-04-14 Sold (Public Records) $48,990 Public Records

Property tax history

+2.0%/yr

Latest (2025): $1,446 · +6.1% YoY. Source: county tax records.