4110 40th St · Brentwood, MD 20722

$390,000

4 bd · 2.0 ba · 2,008 sqft · SingleFamily public records · 93 Days on market

Built 1900 0.29 ac lot $194/sqft · 30% below area Est $559k · 30% under

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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).

• Cash flow +16.3/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +5.1/10.0
• 1% rule +4.8/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks MLS

Prime development opportunity! This 12,600 sq ft RSF-65 zoned property offers exceptional potential in a sought-after location. The residence features a rare attached commercial auto repair garage at the rear - perfect for an owner-operator business or additional income stream. With possible subdivision potential (to be verified by buyer), this property is ideal for visionary buyers looking to update, expand, or completely redesign. The existing home requires complete rehabilitation or presents an opportunity for a complete rebuild with convenient rear access. Property being sold strictly as-is. Don't miss this unique combination of residential and commercial potential! THE SELLER AND AGENT ARE NOT LIABLE FOR ANY VISITORS' INJURIES. THE BUYER OBTAINED A BOUNDARY SURVEY FOR THE GIVEN FENCE IN AREAS THE SURVEY PROVIDED TO ME SHOWS THE ALLEY AND THE PARK ARE INSIDE OF THE FENCE

Key facts

• 0.29 acre lot
• 5 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $390k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $382k (2.0% below list).
• Recommended offer: $355k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 83/100 on livability (#24 in MD, #899 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: schools D-, cost of living D-.
• 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: 20 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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).
• At $3,820/mo this rent would consume 50% of the median local household income ($92k/yr) (locally 191% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $42k of equity ($3k loan paydown + $39k appreciation (10.0% local appreciation)).
• Prince George's County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $109k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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 $135k; list at $390k implies a 189% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $354,900 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.98% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.39%
• DSCR: 1.11
• GRM: 8.5

CMA / ARV

• ARV (median comp): $558,623
• List price: $390,000
• Delta: -30.19%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4001 Shepherd St	0.06mi	4/4.0	2,052 (+2%)	3mo	$560,000	$273	83
4014 32nd St	0.44mi	4/3.0	2,030 (+1%)	0mo	$605,000	$298	74
4240 34th St	0.40mi	4/2.5	1,930 (-4%)	2mo	$735,000	$381	71
3722 36th St	0.41mi	4/3.5	2,048 (+2%)	9mo	$629,500	$307	64
4110 29th St	0.63mi	4/2.0	1,975 (-2%)	6mo	$515,000	$261	62
3110 Taylor St	0.44mi	3/1.0 (-1)	1,877 (-6%)	1mo	$330,000	$176	59
4100 31st St	0.50mi	5/3.5 (+1)	2,050 (+2%)	6mo	$645,000	$315	57
3421 Newton St	0.56mi	5/4.0 (+1)	2,025 (+1%)	5mo	$570,000	$281	55
4000 Lawrence St	0.71mi	4/2.0	1,944 (-3%)	9mo	$439,900	$226	54
4217 29th St	0.63mi	4/3.0	1,852 (-8%)	0mo	$515,000	$278	53
4310 31st St	0.58mi	4/3.5	1,875 (-7%)	4mo	$539,000	$287	52
3415 40th Pl	0.67mi	3/2.5 (-1)	1,905 (-5%)	8mo	$350,000	$184	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.0%
• Equity multiple: 3.07×
• Total profit: $226,369
• Equity at exit: $351,343

10-year hold

• IRR: 22.8%
• Equity multiple: 7.01×
• Total profit: $655,978
• Equity at exit: $757,684

Cash invested: $109,200 (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 20722

• Home prices YoY: 4.1%
• Active inventory: 20
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $3,820 high
• Mortgage (P&I): −$2,045
• Tax from tax record: −$593 /mo · $7,114/yr
• Insurance: −$162
• HOA: −$0
• Vacancy / Maint / Mgmt: −$802
• Net cashflow: $217

Break-even live

Break-even rent $3,545

Max offer price $390,000

Occupancy floor 89%

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: $97,500
• Closing costs: $11,700
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4222 34th St Mount Rainier, MD	5.0	3.0	1620	$3,950	$2.44	1d	1	0.35mi
3200 Bunker Hill Rd Mount Rainier, MD	5.0	3.0	2500	$3,995	$1.60	43d	1	0.42mi
3704 42nd Ave Brentwood, MD	4.0	2.0	1678	$3,900	$2.32	11d	1	0.53mi
4519 32nd St Mount Rainier, MD	3.0	2.0	1500	$1,200	$0.80	12d	1	0.58mi
4531 32nd St Mount Rainier, MD	3.0	2.0	1524	$2,500	$1.64	43d	1	0.62mi
4221 28th St Mount Rainier, MD	3.0	3.0	1800	$3,500	$1.94	18d	1	0.67mi
4401 29th St Unit A Mt Rainier, MD	4.0	2.0	1800	$3,500	$1.94	4d	1	0.67mi
2615 Otis St NE Washington, DC	3.0	2.0	2217	$3,750	$1.69	3d	1	0.84mi
3704 Hamilton St Hyattsville, MD	4.0	3.0	1978	$4,000	$2.02	5d	1	0.89mi
2600 Queens Chapel Rd Hyattsville, MD	1.0–3.0	1.0–2.0	1086	$2,545	$2.34	12d	9	0.91mi
2417 Otis St NE Washington, DC	3.0	2.5	1854	$3,899	$2.10	7d	1	0.92mi
3149 Cherry Rd NE Washington, DC	3.0	3.5	1881	$3,795	$2.02	15d	1	1.05mi
3309 22nd St NE Washington, DC	4.0	3.5	2759	$5,850	$2.12	24d	1	1.16mi
2712 South Dakota Ave NE Washington, DC	3.0	3.0	2261	$4,500	$1.99	2d	1	1.16mi
3634 Commodore Joshua Barney Dr NE Washington, DC	4.0	4.5	2100	$4,100	$1.95	24d	1	1.17mi
3216 22nd St NE Washington, DC	3.0	2.0	2156	$4,500	$2.09	18d	1	1.21mi
2414 Hamlin Pl NE Washington, DC	3.0	1.5	1500	$2,550	$1.70	18d	1	1.29mi
2410 South Dakota Ave NE Washington, DC	4.0	3.5	2222	$4,400	$1.98	14d	1	1.30mi
5503 44th Ave Hyattsville, MD	5.0	3.5	2124	$5,000	$2.35	18d	1	1.31mi
5685 Little Branch Run Hyattsville, MD	3.0	1.0–2.0	939	$4,184	$4.46	1d	24	1.34mi
1663 Webster St NE Washington, DC	4.0	2.5	1758	$3,757	$2.14	18d	1	1.37mi
2705 24th St NE Washington, DC	3.0	2.0	1900	$3,150	$1.66	24d	1	1.41mi

Listing history 27 events

1. 2026-06-18
   days on market $390,000 Active 93 DOM
2. 2026-06-17
   days on market $390,000 Active 92 DOM
3. 2026-06-16
   days on market $390,000 Active 91 DOM
4. 2026-06-15
   days on market $390,000 Active 90 DOM
5. 2026-06-13
   days on market $390,000 Active 88 DOM
6. 2026-06-10
   days on market $390,000 Active 84 DOM
7. 2026-06-08
   days on market $390,000 Active 83 DOM
8. 2026-06-07
   days on market $390,000 Active 82 DOM
9. 2026-06-04
   days on market $390,000 Active 79 DOM
10. 2026-06-03
    days on market $390,000 Active 78 DOM
11. 2026-06-02
    days on market $390,000 Active 77 DOM
12. 2026-06-01
    days on market $390,000 Active 76 DOM
13. 2026-03-15
    historical 887-char remark

    Show marketing remark (887 chars)

    Prime development opportunity! This 12,600 sq ft RSF-65 zoned property offers exceptional potential in a sought-after location. The residence features a rare attached commercial auto repair garage at the rear - perfect for an owner-operator business or additional income stream. With possible subdivision potential (to be verified by buyer), this property is ideal for visionary buyers looking to update, expand, or completely redesign. The existing home requires complete rehabilitation or presents an opportunity for a complete rebuild with convenient rear access. Property being sold strictly as-is. Don't miss this unique combination of residential and commercial potential! THE SELLER AND AGENT ARE NOT LIABLE FOR ANY VISITORS' INJURIES. THE BUYER OBTAINED A BOUNDARY SURVEY FOR THE GIVEN FENCE IN AREAS THE SURVEY PROVIDED TO ME SHOWS THE ALLEY AND THE PARK ARE INSIDE OF THE FENCE

14. 2026-03-15
    listed $390,000 Active 887-char remark

    Show marketing remark (887 chars)

    Prime development opportunity! This 12,600 sq ft RSF-65 zoned property offers exceptional potential in a sought-after location. The residence features a rare attached commercial auto repair garage at the rear - perfect for an owner-operator business or additional income stream. With possible subdivision potential (to be verified by buyer), this property is ideal for visionary buyers looking to update, expand, or completely redesign. The existing home requires complete rehabilitation or presents an opportunity for a complete rebuild with convenient rear access. Property being sold strictly as-is. Don't miss this unique combination of residential and commercial potential! THE SELLER AND AGENT ARE NOT LIABLE FOR ANY VISITORS' INJURIES. THE BUYER OBTAINED A BOUNDARY SURVEY FOR THE GIVEN FENCE IN AREAS THE SURVEY PROVIDED TO ME SHOWS THE ALLEY AND THE PARK ARE INSIDE OF THE FENCE

15. 2026-03-12
    price $390,000 887-char remark

    Show marketing remark (887 chars)

    Prime development opportunity! This 12,600 sq ft RSF-65 zoned property offers exceptional potential in a sought-after location. The residence features a rare attached commercial auto repair garage at the rear - perfect for an owner-operator business or additional income stream. With possible subdivision potential (to be verified by buyer), this property is ideal for visionary buyers looking to update, expand, or completely redesign. The existing home requires complete rehabilitation or presents an opportunity for a complete rebuild with convenient rear access. Property being sold strictly as-is. Don't miss this unique combination of residential and commercial potential! THE SELLER AND AGENT ARE NOT LIABLE FOR ANY VISITORS' INJURIES. THE BUYER OBTAINED A BOUNDARY SURVEY FOR THE GIVEN FENCE IN AREAS THE SURVEY PROVIDED TO ME SHOWS THE ALLEY AND THE PARK ARE INSIDE OF THE FENCE

16. 2025-07-18
    status Pending
17. 2025-07-18
    historical
18. 2025-07-02
    listed $212,500 Active
19. 2022-11-15
    historical
20. 2022-11-15
    price $330,000
21. 2022-11-15
    status Active
22. 2022-10-14
    historical
23. 2022-07-14
    price $450,000
24. 2022-05-19
    listed $599,000 Active
25. 2000-05-17
    soldstatus $135,000
26. 1999-11-05
    soldstatus $75,000
27. 1981-07-31
    soldstatus $50,000

ⓘ 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: $7,114 · $593/mo
• Projected year-2 tax: $7,114 · $593/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 5/10 Major FEMA zone X (shaded) · 24% 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 17% 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: $45,842
• − Mortgage interest: −$21,846
• − Property taxes: −$7,114
• − Insurance: −$1,950
• − Repairs & maintenance: −$3,667
• − Management: −$3,667
• − Depreciation: −$11,345
• Taxable loss: −$3,749
• Est. tax savings @ 24.0%: +$900
• After-tax cash flow: $3,508/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 — Brentwood

• Score: 83/100
• State rank: #24
• US rank: #899

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brentwood, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 6,264
• Household income: $91,875
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 191.0

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 0.62)
• Race & ethnicity: Hispanic / Latino 53% Black 29% Two or more races 15% White 10% Native American 3% Asian 3%
• Hispanic origin (detail): Mexican 8% Dominican 2%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 39% · Canada
• Languages at home: 45% English-only · Spanish 48% Tagalog/Filipino 2% French/Haitian/Cajun 2%

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: ▲ 16.77%
• Current HPI: 421.2708
• Rent YoY: —
• 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

+680.0% since first listed

15 events — show timeline

• 2026-03-15 Listing Removed — BRIGHT MLS
• 2026-03-15 Listed $390,000 BRIGHT MLS
• 2026-03-12 Price Changed $390,000 BRIGHT MLS
• 2025-07-18 Pending — BRIGHT MLS
• 2025-07-18 Listing Removed — BRIGHT MLS
• 2025-07-02 Listed $212,500 BRIGHT MLS
• 2022-11-15 Listing Removed — BRIGHT MLS
• 2022-11-15 Price Changed $330,000 BRIGHT MLS
• 2022-11-15 Relisted — BRIGHT MLS
• 2022-10-14 Listing Removed — BRIGHT MLS
• 2022-07-14 Price Changed $450,000 BRIGHT MLS
• 2022-05-19 Listed $599,000 BRIGHT MLS
• 2000-05-17 Sold (Public Records) $135,000 Public Records
• 1999-11-05 Sold (Public Records) $75,000 Public Records
• 1981-07-31 Sold (Public Records) $50,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $7,114 · +1.9% YoY. Source: county tax records.