8611 Myrtle Ave · Bowie, MD 20715

$99,000

4 bd · 1.0 ba · 1,920 sqft · SingleFamily public records · 21 Days on market

Built 1923 10,000 sqft lot

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Why this score? — see what drove the F 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 +8.3/30.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• 1% rule +1.7/10.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This property will be sold at ONLINE AUCTION. LIST PRICE REPRESENTS OPENING BID. Incredible investment opportunity awaits! This 4 BR /1.5 Bath detached home located in Historic Bowie is ready to be renovated, rebuilt or an excellent value to build a new home. Recent improvements include new oil boiler- 2015, electrical panel- 2022, roof- 2020, home has cooper and PVC piping. Property being sold AS-IS as home has structural damage due to termite damage. Bidding will open at 12 Noon on Monday, April 27, 2026 and close at 5:00 PM on Wednesday, April 29, 2026. Additional Auction Terms: -10% buyer's premium will be added to the winning bid. -Buyer's Agent must be registered as an agent on Homesa

Key facts

• 0.23 acre lot
• 2 parking spots
• Built 1923

Property features AI

Finance

• Other: Fee simple ownership
• Financial info:
• HOA & community:

Exterior

• Parking: Two off-street parking spaces; On-street parking available
• Security:
• Utilities: Public water; Public sewer; Hot water: Natural gas
• Home design: Detached home; Finished above-grade area approximately 1,920
• Construction: Frame construction; Stone foundation; Major rehab needed
• Exterior features: Corner lot location; Above- and below-grade structures present

Interior

• Kitchen:
• Bedrooms: Four bedrooms on the upper level
• Flooring:
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Radiator heating; Oil fuel; Cooling: Other
• Interior features: Partial basement
• Laundry & utility:

🔨 Auction listing. The $99,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $552,960 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $-510 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $99k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 5.2% vs local median 4.0% in Bowie — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#159 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: health & safety C-, amenities F, commute 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 (+1.2%/yr); 125 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($144k/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 $4k of loan paydown is wiped out by about $17k 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 21 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1923 — 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 $97,515 (1.5% 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. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.67% ✗
• Cap rate: 5.19%
• Cash-on-cash: -3.95%
• DSCR: 0.82
• GRM: 12.5

CMA / ARV

• ARV (on-the-fly): $552,960
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8611 Myrtle Ave	0.00mi	4/1.5	1,920 (0%)	1mo	$192,500	$100	97
13014 6th St	0.35mi	5/3.0 (+1)	1,861 (-3%)	4mo	$495,000	$266	62
8307 Satinleaf Ct	0.42mi	4/3.5	1,852 (-4%)	5mo	$535,000	$289	60
8228 Triple Crown Rd	0.49mi	5/3.5 (+1)	1,902 (-1%)	4mo	$547,000	$288	57
8225 Triple Crown Rd	0.52mi	4/3.0	1,820 (-5%)	8mo	$573,800	$315	53
13508 Steeplechase Dr	0.44mi	4/2.5	1,890 (-2%)	22mo	$549,987	$291	52
12804 10th St	0.50mi	3/2.5 (-1)	1,948 (+2%)	15mo	$417,000	$214	51
12900 10th St	0.37mi	3/1.0 (-1)	1,672 (-13%)	11mo	$415,000	$248	47
13116 Falling Water Ct	0.68mi	5/3.5 (+1)	1,944 (+1%)	13mo	$630,000	$324	40

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 · 1.2% rent growth · sell at horizon

5-year hold

• IRR: -24.8%
• Equity multiple: 0.17×
• Total profit: $-128,845
• Equity at exit: $82,448

10-year hold

• IRR: -26.1%
• Equity multiple: -0.17×
• Total profit: $-180,763
• Equity at exit: $47,810

Cash invested: $154,829 (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 20715

• Rents YoY: 1.2%
• Active inventory: 125
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $3,686 medium
• Mortgage (P&I): −$2,900
• Tax from tax record: −$292 /mo · $3,503/yr
• Insurance: −$230
• HOA: −$0
• Vacancy / Maint / Mgmt: −$774
• Net cashflow: $-510

Break-even live

Break-even rent $4,332

Max offer price $462,835

Occupancy floor —

Sensitivity live

Price	-10% $-197	-5% $-354	+0% $-510	+5% $-667	+10% $-823
Rent	-10% $-801	-5% $-656	+0% $-510	+5% $-365	+10% $-219
Rate	-1.0pp $-232	-0.5pp $-370	base $-510	+0.5pp $-653	+1.0pp $-799

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: $138,240
• Closing costs: $16,589
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7822 Quill Point Dr Bowie, MD	4.0	2.5	1722	$3,100	$1.80	5d	1	1.29mi
14801 Arabian Ln Bowie, MD	3.0	2.5	2276	$4,200	$1.85	45d	1	1.43mi
12303 Quilt Patch Ln Bowie, MD	3.0	4.0	1780	$3,600	$2.02	25d	1	1.48mi

Listing history 5 events

1. 2026-04-30
   status Pending
2. 2026-04-09
   listed $99,000 Active
3. 2026-04-08
   historical $99,000
4. 1990-10-11
   soldstatus $114,900
5. 1988-10-11
   soldstatus $79,900

ⓘ 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: $3,503 · $292/mo
• Projected year-2 tax: $3,503 · $292/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% 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: $44,232
• − Mortgage interest: −$30,974
• − Property taxes: −$3,503
• − Insurance: −$2,765
• − Repairs & maintenance: −$3,539
• − Management: −$3,539
• − Depreciation: −$16,086
• Taxable loss: −$16,174
• Est. tax savings @ 24.0%: +$3,882
• After-tax cash flow: $-2,240/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 — Bowie

• Score: 71/100
• State rank: #159
• US rank: #7194

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bowie, MD
• County: Prince Georges County · 919,866 people
• City population: 105,324
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 26,915
• Household income: $143,732
• Rent vs Own: 9.4% rent · 90.6% own
• Severe rent burden: 180.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 43% Black 38% Hispanic / Latino 9% Two or more races 8% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 2% Italian 1% Slovak 1%
• Foreign-born: 11% · Canada, China
• Languages at home: 86% English-only · Spanish 8% Other Indo-European 2% French/Haitian/Cajun 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: ▼ -361.41%
• Current HPI: 302.4675
• Rent YoY: ▲ 1.20%
• 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

+23.9% since first listed

5 events — show timeline

• 2026-04-30 Pending — BRIGHT MLS
• 2026-04-09 Listed $99,000 BRIGHT MLS
• 2026-04-08 Coming Soon $99,000 BRIGHT MLS
• 1990-10-11 Sold (Public Records) $114,900 Public Records
• 1988-10-11 Sold (Public Records) $79,900 Public Records

Property tax history

+4.3%/yr

Latest (2025): $3,503 · +4.9% YoY. Source: county tax records.