623 71st Ave · Seat Pleasant, MD 20743

$260,000

3 bd · 1.0 ba · 970 sqft · Townhouse public records · 20 Days on market

Built 1951 3,795 sqft lot Est $286k · 9% under

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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 +14.4/30.0
• ARV discount +11.6/15.0
• DSCR +4.4/10.0
• 1% rule +4.2/10.0
• Rent growth +4.0/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enter this newly renovated home with beautiful sleek modern finishes. Boasting a thoughtful open floor plan, this beautiful home features refinished master, 2nd and 3rd bedrooms, a fully renovated bathroom, hardwood floors, quartz countertops and lots of natural light. With a brand new roof, HVAC, Water Heater, W & D and appliances, this is the perfect home for you. Ready for immediate move in, it will not last! Property is still available to show. Accepting back up offers!

Key facts

• Quartz countertops
• Easy city access
• Private yard

Tags

• OPEN-CONCEPT FLOOR PLAN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE YARD
• DEDICATED OFF-STREET PARKING
• EASY CITY ACCESS

Property features AI

Finance

• Other: Ownership interest: Fee simple

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Natural gas for heating and hot water; Electric service (implied)
• Home design: Semi-detached home; Above-grade finished area reported by assessor
• Construction: Brick construction; Brick/mortar foundation; Above-grade and below-grade structures noted
• Exterior features: Not in a federal flood zone; In city limits (Seat Pleasant)

Interior

• Kitchen: Built-in microwave; Built-in range; Dishwasher; Icemaker; Freezer; Refrigerator; Stainless steel appliances; Stove
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: 90% efficiency forced air heating (natural gas); Central air conditioning
• Interior features: No basement; Living area reported by assessor
• Laundry & utility: Washer; Dryer; Natural gas hot water

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $260k.

Deal economics

• At list price, monthly cash flow is $54 ($651/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 $240k (7.6% below list).
• Recommended offer: $240k (7.6% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 5.3% in Seat Pleasant — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 63/100 on livability (#301 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety B+; Watch: schools F, crime F, 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 (+5.9%/yr); 215 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 38% of the median local income ($76k/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 $2k of loan paydown is wiped out by about $8k 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 ($256k) is reasonable based on typical stale-listing flexibility.
• 5 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: built in 1951 — 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 $240,167 (7.6% below list)

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.92% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.89%
• DSCR: 1.04
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $286,150
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
700 Cabin Branch Dr	0.05mi	2/1.0 (-1)	1,018 (+5%)	20mo	$300,000	$295	68
618 71st Ave	0.03mi	2/1.0 (-1)	850 (-12%)	6mo	$232,000	$273	68
5923 Addison Rd	0.34mi	3/2.0	1,008 (+4%)	7mo	$275,000	$273	68
720 Cabin Branch Dr	0.10mi	2/1.0 (-1)	850 (-12%)	4mo	$145,000	$171	67
616 Cabin Branch Dr	0.03mi	2/1.0 (-1)	850 (-12%)	8mo	$299,900	$353	66
6029 Martin L King Jr Ct	0.10mi	2/1.0 (-1)	851 (-12%)	5mo	$255,000	$300	66
6031 Martin Luther King Jr Ct	0.10mi	2/1.0 (-1)	850 (-12%)	7mo	$250,000	$294	64
618 Cabin Branch Dr	0.03mi	2/1.0 (-1)	850 (-12%)	11mo	$271,000	$319	64
629 71st Ave	0.02mi	2/1.0 (-1)	850 (-12%)	14mo	$260,000	$306	62
7204 Joplin St	0.15mi	3/2.0	1,086 (+12%)	16mo	$255,000	$235	55
1312 Gabes Pl	0.66mi	2/1.5 (-1)	1,072 (+10%)	2mo	$325,000	$303	43

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 · 5.9% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.57×
• Total profit: $-31,402
• Equity at exit: $38,767

10-year hold

• IRR: 1.5%
• Equity multiple: 1.12×
• Total profit: $8,772
• Equity at exit: $22,480

Cash invested: $72,800 (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 20743

• Rents YoY: 5.9%
• Active inventory: 215
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,402 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$371 /mo · $4,456/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $54

Break-even live

Break-even rent $2,333

Max offer price $260,000

Occupancy floor 93%

Sensitivity live

Price	-10% $201	-5% $128	+0% $54	+5% $-19	+10% $-93
Rent	-10% $-136	-5% $-41	+0% $54	+5% $149	+10% $244
Rate	-1.0pp $185	-0.5pp $120	base $54	+0.5pp $-13	+1.0pp $-82

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
903 Glen Willow Dr Capitol Heights, MD	2.0–3.0	1.0	885	$2,115	$2.39	0d	3	0.31mi
505 69th St Capitol Heights, MD	3.0	2.0	1000	$2,500	$2.50	19d	1	0.39mi
818 Balsamtree Pl Capitol Heights, MD	4.0	1.5	1102	$2,275	$2.06	6d	1	0.51mi
323 62nd St NE Washington, DC	1.0–3.0	1.0–2.0	908	$2,435	$2.68	25d	1	0.69mi
324 61st St NE Unit 4 Washington, DC	3.0	1.5	850	$2,800	$3.29	25d	1	0.78mi
6812 Pepper St Capitol Heights, MD	4.0	2.0	1095	$2,750	$2.51	45d	1	0.81mi
622 Eastern Ave NE #301 Washington, DC	2.0	1.0	755	$1,900	$2.52	25d	1	0.81mi
5811 Field Pl NE Unit 304 Washington, DC	3.0	1.0	779	$2,922	$3.75	25d	1	0.88mi
805 Eastern Ave Fairmount Heights, MD	4.0	2.0	936	$2,400	$2.56	6d	1	0.94mi
716 55th St NE Unit 1 Washington, DC	2.0	2.0	1100	$2,200	$2.00	21d	1	1.14mi
22 Chamber Ave Capitol Heights, MD	3.0	1.0	942	$3,000	$3.18	45d	1	1.16mi
5338 Jay St NE Washington, DC	3.0	1.5	1000	$2,795	$2.79	25d	1	1.18mi
5213 Just St NE Washington, DC	3.0	2.0	1114	$2,400	$2.15	25d	1	1.29mi
927 52nd St NE Unit 4 Washington, DC	2.0	1.0	700	$1,500	$2.14	25d	1	1.32mi
945 52nd St NE Washington, DC	2.0–3.0	1.0	612	$2,270	$3.71	25d	4	1.32mi
5225 Dix St NE Washington, DC	2.0	1.0	800	$1,500	$1.88	23d	1	1.35mi
405 Division Ave NE Unit 201 Washington, DC	2.0	1.0	656	$1,197	$1.82	18d	1	1.39mi
1846 Cedarwood Ct Hyattsville, MD	3.0	2.5	1120	$2,150	$1.92	45d	1	1.43mi
4800 Addison Rd Capitol Heights, MD	1.0–3.0	1.0–3.0	998	$2,981	$2.99	0d	41	1.48mi

Listing history 7 events

1. 2026-06-21
   days on market $260,000 Active 20 DOM
2. 2026-06-18
   days on market $260,000 Active 17 DOM
3. 2026-06-17
   days on market $260,000 Active 16 DOM
4. 2026-06-16
   days on market $260,000 Active 15 DOM
5. 2026-06-15
   days on market $260,000 Active 14 DOM
6. 2026-06-13
   remarks 693-char remark
7. 2026-06-13
   listed $260,000 Active 12 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: $4,456 · $371/mo
• Projected year-2 tax: $4,456 · $371/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 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% 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: $28,820
• − Mortgage interest: −$14,564
• − Property taxes: −$4,456
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,306
• − Management: −$2,306
• − Depreciation: −$7,564
• Taxable loss: −$3,674
• Est. tax savings @ 24.0%: +$882
• After-tax cash flow: $1,533/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 — Seat Pleasant

• Score: 63/100
• State rank: #301
• US rank: #15765

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seat Pleasant, MD
• County: Prince Georges County · 919,866 people
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 41,093
• Household income: $76,466
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1418.0

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% Hispanic / Latino 16% Two or more races 4% White 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Foreign-born: 16% · Canada
• Languages at home: 81% English-only · Spanish 13% 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: ▼ -311.97%
• Current HPI: 335.5152
• Rent YoY: ▲ 5.90%
• 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

+471.4% since first listed

15 events — show timeline

• 2026-06-13 Relisted — BRIGHT MLS
• 2026-03-20 Listing Removed — BRIGHT MLS
• 2026-03-09 Listed $260,000 BRIGHT MLS
• 2022-06-13 Sold (Public Records) $315,000 Public Records
• 2022-06-03 Sold (MLS) $315,000 BRIGHT MLS
• 2022-05-27 Pending — BRIGHT MLS
• 2022-05-12 Contingent — BRIGHT MLS
• 2022-04-28 Listed $315,000 BRIGHT MLS
• 2002-12-23 Sold (Public Records) $85,000 Public Records
• 2002-11-20 Sold (MLS) $85,000 MRIS
• 2002-10-15 Delisted — MRIS
• 2002-09-11 Listed $85,000 MRIS
• 1999-12-28 Delisted — MRIS
• 1999-06-30 Listed — MRIS
• 1982-09-30 Sold (Public Records) $45,500 Public Records

Property tax history

+4.5%/yr

Latest (2025): $4,456 · +10.9% YoY. Source: county tax records.