908 59th · Fairmount Heights, MD 20743

$400,000

5 bd · 2.0 ba · 2,023 sqft · SingleFamily public records · 57 Days on market

Built 1915 10,800 sqft lot $198/sqft · at area comps Est $405k · at est.

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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 +22.4/30.0
• ARV discount +8.1/15.0
• DSCR +7.2/10.0
• 1% rule +5.7/10.0
• Rent growth +4.0/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked on a quiet, tree-lined street in Fairmount Heights, this 5-bedroom, 2-bath home is ready for you to move right in and make it yours. Inside, you'll find original character, abundant natural light, an updated kitchen, and a finished basement that’s perfect for a home office, playroom, or additional living space. Outside, enjoy a spacious backyard ideal for entertaining, gardening, or future improvements. Property features include: Five bedrooms with ample space Historic charm with modern updates Move-in ready with opportunity to customize Convenient location just minutes from DC, Metro access, and major highways This is a rare opportunity to own a spacious home in a prime location at a competitive price. * * * * * * * * * * * * * * * * * * Property is being sold strictly AS-IS. * * * * * * * * * * * * * * * * * * * * * * * * * * * Schedule your showing today.

Key facts

• Spacious backyard
• Finished basement
• Updated kitchen

Tags

• UPDATED KITCHEN
• FINISHED BASEMENT
• SPACIOUS BACKYARD
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $663 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $400k).
• Recommended offer: $388k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 5.0% in Fairmount Heights — 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 69/100 on livability (#195 in MD) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: crime F, amenities F, cost of living 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); 217 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $4,290/mo this rent would consume 67% of the median local household income ($76k/yr) (locally 1418% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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 + 5.9% rent growth), your $112k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($388k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 23y 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 $260k; list at $400k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — 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 $388,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.07% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.10%
• DSCR: 1.32
• GRM: 7.8

CMA / ARV

• ARV (median comp): $405,215
• List price: $400,000
• Delta: -1.29%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5909 K St	0.08mi	5/2.0	2,100 (+4%)	9mo	$438,000	$209	83
1034 58th Ave	0.13mi	4/2.0 (-1)	1,992 (-2%)	6mo	$405,000	$203	82
923 57th Pl	0.12mi	4/2.0 (-1)	1,920 (-5%)	4mo	$465	—	78
505 62nd Ave	0.43mi	4/3.0 (-1)	2,055 (+2%)	10mo	$420,000	$204	60
602 63rd Pl	0.48mi	5/2.0	1,848 (-9%)	9mo	$430,000	$233	56
6219 L St	0.40mi	4/2.5 (-1)	1,920 (-5%)	13mo	$595,000	$310	55
5030 Lee St NE	0.63mi	4/2.5 (-1)	2,064 (+2%)	7mo	$440,000	$213	54
4816 Leroy Gorham Dr	0.54mi	4/2.0 (-1)	1,896 (-6%)	11mo	$408,000	$215	50
1004 Minna Ave	0.62mi	4/3.5 (-1)	1,904 (-6%)	5mo	$515,000	$270	46
1417 Farmingdale Ave	0.61mi	5/2.0	2,266 (+12%)	7mo	$400,000	$177	46
6200 Foote St	0.37mi	4/3.0 (-1)	1,752 (-13%)	14mo	$403,000	$230	39
5643 Clay Pl NE	0.59mi	4/3.0 (-1)	1,800 (-11%)	14mo	$488,000	$271	33

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: -2.2%
• Equity multiple: 0.91×
• Total profit: $-9,666
• Equity at exit: $59,641

10-year hold

• IRR: 10.4%
• Equity multiple: 1.91×
• Total profit: $102,223
• Equity at exit: $34,585

Cash invested: $112,000 (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 20743

• Rents YoY: 5.9%
• Active inventory: 217
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $4,290 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$462 /mo · $5,539/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$901
• Net cashflow: $663

Break-even live

Break-even rent $3,450

Max offer price $400,000

Occupancy floor 80%

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5501 Jay St NE Washington, DC	4.0	3.0	1848	$3,300	$1.79	24d	1	0.31mi
6005 Eads St NE Apt 1 Washington, DC	5.0	3.0	1750	$6,100	$3.49	24d	1	0.45mi
5333 Hayes St NE Washington, DC	5.0	2.5	2500	$7,000	$2.80	24d	1	0.46mi
520 56th St NE Washington, DC	5.0	2.0	1670	$5,500	$3.29	24d	1	0.46mi
4802 Leroy Gorham Dr Capitol Heights, MD	4.0	3.5	2000	$3,250	$1.62	18d	1	0.57mi
4802 Leroy Gorham Dr Capitol Heights, MD	4.0	3.5	1482	$3,500	$2.36	3d	1	0.57mi
1604 Woodhill Ct Hyattsville, MD	6.0	3.0	1455	$3,600	$2.47	44d	1	0.76mi
522 70th St Capitol Heights, MD	4.0	1.5	1840	$3,000	$1.63	3d	1	0.76mi
522 70th St Capitol Heights, MD	4.0	1.5	1820	$3,000	$1.65	44d	1	0.76mi
1316 Eastern Ave NE Washington, DC	4.0	2.0	1548	$3,200	$2.07	24d	1	0.83mi
574 49th Pl NE Unit Upper Washington, DC	5.0	2.0	1744	$6,500	$3.73	20d	1	0.91mi
6400 Adak St Capitol Heights, MD	6.0	2.0	1405	$3,150	$2.24	44d	1	1.37mi
4262 Clay St NE Washington, DC	5.0	2.0	3000	$7,400	$2.47	15d	1	1.37mi
5005 Call Pl SE Unit 9 Washington, DC	5.0	2.0	1800	$6,000	$3.33	24d	1	1.44mi

Listing history 42 events

1. 2026-06-18
   days on market $400,000 Active 57 DOM
2. 2026-06-17
   days on market $400,000 Active 56 DOM
3. 2026-06-16
   days on market $400,000 Active 55 DOM
4. 2026-06-15
   days on market $400,000 Active 54 DOM
5. 2026-06-13
   days on market $400,000 Active 52 DOM
6. 2026-06-10
   days on market $400,000 Active 48 DOM
7. 2026-06-08
   days on market $400,000 Active 47 DOM
8. 2026-06-07
   days on market $400,000 Active 46 DOM
9. 2026-06-04
   days on market $400,000 Active 43 DOM
10. 2026-06-03
    days on market $400,000 Active 42 DOM
11. 2026-06-02
    days on market $400,000 Active 41 DOM
12. 2026-06-01
    days on market $400,000 Active 40 DOM
13. 2026-05-31
    days on market $400,000 Active 39 DOM
14. 2026-04-22
    listed $400,000 Active 927-char remark

    Show marketing remark (927 chars)

    Tucked on a quiet, tree-lined street in Fairmount Heights, this 5-bedroom, 2-bath home is ready for you to move right in and make it yours. Inside, you'll find original character, abundant natural light, an updated kitchen, and a finished basement that’s perfect for a home office, playroom, or additional living space. Outside, enjoy a spacious backyard ideal for entertaining, gardening, or future improvements. Property features include: Five bedrooms with ample space Historic charm with modern updates Move-in ready with opportunity to customize Convenient location just minutes from DC, Metro access, and major highways This is a rare opportunity to own a spacious home in a prime location at a competitive price. * * * * * * * * * * * * * * * * * * Property is being sold strictly AS-IS. * * * * * * * * * * * * * * * * * * * * * * * * * * * Schedule your showing today.

15. 2026-02-09
    status Pending
16. 2026-02-09
    historical
17. 2026-01-13
    status Active
18. 2026-01-08
    status Pending
19. 2026-01-03
    listed $350,000 Active
20. 2026-01-01
    historical
21. 2025-11-04
    price $375,000
22. 2025-09-04
    price $450,000
23. 2025-07-10
    listed $500,000 Active
24. 2025-07-08
    historical
25. 2020-06-18
    soldstatus $260,000
26. 2020-05-18
    soldstatus $260,000 Closed
27. 2020-02-22
    status Pending
28. 2020-02-06
    status Active
29. 2020-01-19
    status Pending
30. 2020-01-02
    price $245,000
31. 2020-01-02
    status Active
32. 2019-12-31
    historical
33. 2019-10-18
    status Active
34. 2019-09-27
    status Pending
35. 2019-09-23
    listed $260,000 Active
36. 2003-12-08
    soldstatus $198,000
37. 2003-12-01
    soldstatus $198,000
38. 2003-10-23
    historical
39. 2003-06-18
    listed $198,000
40. 1993-03-11
    soldstatus $51,000
41. 1992-11-25
    soldstatus $75,000
42. 1989-06-26
    soldstatus $76,500

ⓘ 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: $5,539 · $462/mo
• Projected year-2 tax: $5,539 · $462/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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% 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: $51,477
• − Mortgage interest: −$22,406
• − Property taxes: −$5,539
• − Insurance: −$2,000
• − Repairs & maintenance: −$4,118
• − Management: −$4,118
• − Depreciation: −$11,636
• Taxable income: $1,660
• Est. tax owed @ 24.0%: −$398
• After-tax cash flow: $7,558/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 — Fairmount Heights

• Score: 69/100
• State rank: #195
• US rank: #8961

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairmount Heights, 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

+422.9% since first listed

29 events — show timeline

• 2026-04-22 Listed $400,000 BRIGHT MLS
• 2026-02-09 Pending — BRIGHT MLS
• 2026-02-09 Listing Removed — BRIGHT MLS
• 2026-01-13 Relisted — BRIGHT MLS
• 2026-01-08 Pending — BRIGHT MLS
• 2026-01-03 Listed $350,000 BRIGHT MLS
• 2026-01-01 Listing Removed — BRIGHT MLS
• 2025-11-04 Price Changed $375,000 BRIGHT MLS
• 2025-09-04 Price Changed $450,000 BRIGHT MLS
• 2025-07-10 Listed $500,000 BRIGHT MLS
• 2025-07-08 Coming Soon — BRIGHT MLS
• 2020-06-18 Sold (Public Records) $260,000 Public Records
• 2020-05-18 Sold (MLS) $260,000 BRIGHT MLS
• 2020-02-22 Pending — BRIGHT MLS
• 2020-02-06 Relisted — BRIGHT MLS
• 2020-01-19 Pending — BRIGHT MLS
• 2020-01-02 Price Changed $245,000 BRIGHT MLS
• 2020-01-02 Relisted — BRIGHT MLS
• 2019-12-31 Listing Removed — BRIGHT MLS
• 2019-10-18 Relisted — BRIGHT MLS
• 2019-09-27 Pending — BRIGHT MLS
• 2019-09-23 Listed $260,000 BRIGHT MLS
• 2003-12-08 Sold (Public Records) $198,000 Public Records
• 2003-12-01 Sold (MLS) $198,000 MRIS
• 2003-10-23 Delisted — MRIS
• 2003-06-18 Listed $198,000 MRIS
• 1993-03-11 Sold (Public Records) $51,000 Public Records
• 1992-11-25 Sold (Public Records) $75,000 Public Records
• 1989-06-26 Sold (Public Records) $76,500 Public Records

Property tax history

+8.4%/yr

Latest (2025): $5,539 · +8.1% YoY. Source: county tax records.