13900 Farnsworth Ln #4301 · Marlboro Village, MD 20772

$215,000

2 bd · 2.0 ba · 1,050 sqft · Condo · 64 Days on market

Built 1997 Fair condition $205/sqft · at area comps Est $216k · at est. $400/mo HOA · 16% 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 +16.9/30.0
• ARV discount +7.7/15.0
• 1% rule +6.9/10.0
• DSCR +5.3/10.0
• Rent growth +5.0/5.0
• Livability +3.3/5.0
• Condition / age +2.2/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-bedroom, 2-bathroom unit in Normandy Place Condos offers an attractive living opportunity with a total finished area of 1,050 sq ft. The layout is designed for modern living and convenience. Key appliances include a gas oven/range, dishwasher, and washer/dryer, enhancing its appeal. Exterior features include a balcony, providing additional value to the unit. The property benefits from an attached garage, ensuring easy access and added security. The association fee covers essential services such as exterior building maintenance, insurance, and water, minimizing management responsibilities for investors. Built in 1997, this well-maintained unit is situated in a desirable location with amenities that attract long-term residents.

Key facts

• Washer dryer
• Attached garage
• Balcony

Tags

• GAS OVEN RANGE
• DISHWASHER
• WASHER DRYER
• BALCONY
• ATTACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $215k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $142 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $202k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 4.9% in Marlboro Village — 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 66/100 on livability (#226 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: schools D, cost of living D, amenities 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 (+9.8%/yr); 309 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 + 8.0% rent growth), your $60k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y 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 $129k; list at $215k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.19% ✓
• Cap rate: 7.08%
• Cash-on-cash: 2.83%
• DSCR: 1.13
• GRM: 7.0

CMA / ARV

• ARV (median comp): $215,951
• List price: $215,000
• Delta: -0.44%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.80×
• Total profit: $-11,961
• Equity at exit: $32,057

10-year hold

• IRR: 10.7%
• Equity multiple: 2.06×
• Total profit: $64,101
• Equity at exit: $18,589

Cash invested: $60,200 (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 20772

• Rents YoY: 9.8%
• Active inventory: 309
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,567 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA: −$400
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $142

Break-even live

Break-even rent $2,387

Max offer price $215,000

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13810 Fareham Ln Upper Marlboro, MD	2.0	2.5	1327	$2,700	$2.03	24d	1	0.08mi
13803 Bentwaters Dr Upper Marlboro, MD	2.0	2.5	986	$2,270	$2.30	18d	1	0.08mi
13901 Ascott Dr Upper Marlboro, MD	2.0	1.5	998	$2,657	$2.66	5d	1	0.12mi
13817 Amberfield Ct Upper Marlboro, MD	2.0	2.5	1160	$2,595	$2.24	24d	1	0.16mi
13811 Churchville Dr Upper Marlboro, MD	3.0	2.5	1160	$3,000	$2.59	12d	1	0.18mi
4720 Colonel Ashton Pl #430 Upper Marlboro, MD	2.0	1.5	1327	$2,500	$1.88	43d	1	0.43mi
13555 Lord Baltimore Pl Upper Marlboro, MD	2.0	2.0	1162	$2,325	$2.00	24d	1	0.45mi
14005 Lord Marlborough Pl Unit 21-5 Upper Marlboro, MD	2.0	2.0	971	$2,100	$2.16	20d	1	0.57mi
4442 Lord Loudoun Ct Upper Marlboro, MD	1.0	1.0	700	$2,100	$3.00	43d	1	0.60mi
13560 Lord Sterling Pl Unit 9-4 Upper Marlboro, MD	2.0	1.0	894	$1,999	$2.24	43d	1	0.63mi
13173 Ripon Pl Upper Marlboro, MD	3.0	1.5	1146	$2,425	$2.12	5d	1	0.83mi
13052 Salford Ter Upper Marlboro, MD	3.0	3.5	1096	$2,725	$2.49	43d	1	0.89mi

HOA detail condo

• Monthly dues: $400 · $4,800/yr
• Likely covers: watergassecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-05-05
   status Pending 742-char remark

   Show marketing remark (742 chars)

   This 2-bedroom, 2-bathroom unit in Normandy Place Condos offers an attractive living opportunity with a total finished area of 1,050 sq ft. The layout is designed for modern living and convenience. Key appliances include a gas oven/range, dishwasher, and washer/dryer, enhancing its appeal. Exterior features include a balcony, providing additional value to the unit. The property benefits from an attached garage, ensuring easy access and added security. The association fee covers essential services such as exterior building maintenance, insurance, and water, minimizing management responsibilities for investors. Built in 1997, this well-maintained unit is situated in a desirable location with amenities that attract long-term residents.

2. 2026-03-25
   status Active 742-char remark

   Show marketing remark (742 chars)

   This 2-bedroom, 2-bathroom unit in Normandy Place Condos offers an attractive living opportunity with a total finished area of 1,050 sq ft. The layout is designed for modern living and convenience. Key appliances include a gas oven/range, dishwasher, and washer/dryer, enhancing its appeal. Exterior features include a balcony, providing additional value to the unit. The property benefits from an attached garage, ensuring easy access and added security. The association fee covers essential services such as exterior building maintenance, insurance, and water, minimizing management responsibilities for investors. Built in 1997, this well-maintained unit is situated in a desirable location with amenities that attract long-term residents.

3. 2026-02-10
   historical Active Under Contract 742-char remark

   Show marketing remark (742 chars)

   This 2-bedroom, 2-bathroom unit in Normandy Place Condos offers an attractive living opportunity with a total finished area of 1,050 sq ft. The layout is designed for modern living and convenience. Key appliances include a gas oven/range, dishwasher, and washer/dryer, enhancing its appeal. Exterior features include a balcony, providing additional value to the unit. The property benefits from an attached garage, ensuring easy access and added security. The association fee covers essential services such as exterior building maintenance, insurance, and water, minimizing management responsibilities for investors. Built in 1997, this well-maintained unit is situated in a desirable location with amenities that attract long-term residents.

4. 2026-01-18
   listed $215,000 Active 742-char remark

   Show marketing remark (742 chars)

   This 2-bedroom, 2-bathroom unit in Normandy Place Condos offers an attractive living opportunity with a total finished area of 1,050 sq ft. The layout is designed for modern living and convenience. Key appliances include a gas oven/range, dishwasher, and washer/dryer, enhancing its appeal. Exterior features include a balcony, providing additional value to the unit. The property benefits from an attached garage, ensuring easy access and added security. The association fee covers essential services such as exterior building maintenance, insurance, and water, minimizing management responsibilities for investors. Built in 1997, this well-maintained unit is situated in a desirable location with amenities that attract long-term residents.

5. 2020-04-28
   soldstatus $129,000 Closed 170-char remark

   Show marketing remark (170 chars)

   Amazing Short Sale Opportunity in Upper Marlboro!! Great two master bedroom condo in a secured building with elevators. Home being sold As is - Seller will do no repairs.

6. 2019-12-18
   status Pending 170-char remark

   Show marketing remark (170 chars)

   Amazing Short Sale Opportunity in Upper Marlboro!! Great two master bedroom condo in a secured building with elevators. Home being sold As is - Seller will do no repairs.

7. 2019-11-27
   price $109,000 170-char remark

   Show marketing remark (170 chars)

   Amazing Short Sale Opportunity in Upper Marlboro!! Great two master bedroom condo in a secured building with elevators. Home being sold As is - Seller will do no repairs.

8. 2019-11-26
   status Active 170-char remark

   Show marketing remark (170 chars)

   Amazing Short Sale Opportunity in Upper Marlboro!! Great two master bedroom condo in a secured building with elevators. Home being sold As is - Seller will do no repairs.

9. 2019-05-17
   status Pending 170-char remark

   Show marketing remark (170 chars)

   Amazing Short Sale Opportunity in Upper Marlboro!! Great two master bedroom condo in a secured building with elevators. Home being sold As is - Seller will do no repairs.

10. 2019-04-30
    listed $129,000 Active 170-char remark

    Show marketing remark (170 chars)

    Amazing Short Sale Opportunity in Upper Marlboro!! Great two master bedroom condo in a secured building with elevators. Home being sold As is - Seller will do no repairs.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,799
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,464
• − Management: −$2,464
• − HOA: −$4,800
• − Depreciation: −$6,255
• Taxable loss: −$1,527
• Est. tax savings @ 24.0%: +$366
• After-tax cash flow: $2,068/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.

Condition & rehab AI · 8 photos

Fair 45/100 Moderate rehab

This 2-bedroom, 2-bathroom condo in Normandy Place Condos requires moderate repairs and maintenance, including painting and landscaping, to improve its condition and value.

Repairs flagged

• Minor Paint — Paint appears slightly worn
• Minor Landscaping — Some overgrown areas

Value-add opportunities

• Both Painting — Fresh paint can improve curb appeal and interior aesthetics
• Both Landscaping — Well-maintained landscaping can enhance curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Paint appears slightly worn	Minor	$500–3,000
Landscaping · Some overgrown areas	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Painting — Fresh paint can improve curb appeal and interior aesthetics ↑
• Both Landscaping — Well-maintained landscaping can enhance curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Marlboro Village

• Score: 66/100
• State rank: #226
• US rank: #11335

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marlboro Village, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 54,319
• Household income: $139,403
• Rent vs Own: 10.7% rent · 89.3% own
• Severe rent burden: 524.0

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 Black (78%)
• Race & ethnicity: Black 78% White 10% Hispanic / Latino 7% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 1%
• Foreign-born: 10% · Canada, China
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 1% 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: ▼ -184.63%
• Current HPI: 251.8236
• Rent YoY: ▲ 9.80%
• 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

+66.7% since first listed

10 events — show timeline

• 2026-05-05 Pending — BRIGHT MLS
• 2026-03-25 Relisted — BRIGHT MLS
• 2026-02-10 Contingent — BRIGHT MLS
• 2026-01-18 Listed $215,000 BRIGHT MLS
• 2020-04-28 Sold (MLS) $129,000 BRIGHT MLS
• 2019-12-18 Pending — BRIGHT MLS
• 2019-11-27 Price Changed $109,000 BRIGHT MLS
• 2019-11-26 Relisted — BRIGHT MLS
• 2019-05-17 Pending — BRIGHT MLS
• 2019-04-30 Listed $129,000 BRIGHT MLS