1900 Lyttonsville Rd #702 · Silver Spring, MD 20910

$135,500

1 bd · 1.0 ba · 568 sqft · Condo public records · 139 Days on market

Built 1964 $239/sqft · 39% below area Est $224k · 39% under $848/mo HOA · 45% 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).

• ARV discount +15.0/15.0
• 1% rule +9.0/10.0
• Cash flow +6.5/30.0
• Livability +4.2/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best Value for your money! Fully Renovated AND 2026 Condo fees paid by the seller! Modern & Luxurious Junior One-Bedroom Condo In the heart of Silver Spring! Step into this beautifully renovated, modern home that feels far more spacious than you’d expect. Recently renovated and ready for the new owner with freshly painted, new kitchen cabinets with built-in wine rack, pantry, quartz counters and stainless steel appliances. There's new ceramic flooring throughout the entire unit for easy maintenance, modern light fixtures and recess lighting. The bathroom is fully renovated with oversized ceramic tiles, modern lighting and fixtures. This sun-drenched home features oversized windows that flood the space with natural light, creating an airy, open feel throughout. The roomy layout is paired with generous walk-in closets, giving you both style and serious storage! Located in a well-maintained, pet-friendly community, residents enjoy access to a sparkling pool, roof top deck that offers amazing views, a party room, a community garden and an indoor-laundry center; all conveniently located being steps from dining, shopping, entertainment, and transit. Everything you love about Silver Spring is right outside your door! ALL UTILITIES are included in the condo fee. The property is very well maintained with an on-site and off site management office and concierge services offered 7-days per week (9am-9pm). The community also also allows pets! Homes like this—modern, spacious, renovated, and perfectly located—don’t last long. If you’ve been waiting for the right one, this is it. Schedule your showing now before it’s gone.

Key facts

• Ceramic flooring
• Quartz counters
• Built-in wine rack

Tags

• RENOVATED KITCHEN
• BUILT-IN WINE RACK
• QUARTZ COUNTERS
• STAINLESS STEEL APPLIANCES
• CERAMIC FLOORING
• OVERSIZED WINDOWS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $136k.

Deal economics

• At list price, monthly cash flow is $-295 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $83k (38.5% below list).
• Meets the 1% rule at list price ($2k rent vs $136k).
• Recommended offer: $83k (38.5% below list) — sets the bar for cash-flow.
• Cap rate 4.3% vs local median 2.4% in Silver Spring — 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 83/100 on livability (#27 in MD, #973 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: cost of living F.
• Montgomery County Public Schools (suburban): math 27% / reading 45% proficiency, ranked #3 of 24 in MD (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.3%/yr); 142 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 3,880 units permitted in Montgomery County in 2024 (2,054 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $937 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Montgomery County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y 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 $110k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 45% of rent.
• Climate carrying-cost: severe 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 $83,396 (38.5% 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. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 1.40% ✓
• Cap rate: 4.27%
• Cash-on-cash: -7.23%
• DSCR: 0.68
• GRM: 5.9

CMA / ARV

• ARV (median comp): $223,698
• List price: $135,500
• Delta: -39.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -40.4%
• Equity multiple: -0.21×
• Total profit: $-45,755
• Equity at exit: $20,203

10-year hold

• IRR: —
• Equity multiple: -1.20×
• Total profit: $-83,293
• Equity at exit: $11,716

Cash invested: $37,940 (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 20910

• Rents YoY: -2.3%
• Active inventory: 142
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,901 high
• Mortgage (P&I): −$711
• Tax from tax record: −$115 /mo · $1,379/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$848
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-295

Break-even live

Break-even rent $2,274

Max offer price $83,396

Occupancy floor —

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: $33,875
• Closing costs: $4,065
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 Lyttonsville Rd Silver Spring, MD	1.0	1.0	710	$1,862	$2.62	44d	4	0.02mi
8600 16th St Silver Spring, MD	2.0	1.0–1.5	800	$2,010	$2.51	3d	15	0.13mi
8518 16th St Silver Spring, MD	4.0	1.0–2.0	935	$1,840	$1.97	2d	48	0.18mi
8555 16th St Silver Spring, MD	1.0–2.0	1.0	645	$1,307	$2.02	3d	3	0.44mi
8750 Georgia Ave Silver Spring, MD	2.0	1.0–2.0	875	$2,012	$2.30	1d	86	0.53mi
1260 Spring St Silver Spring, MD	2.0	1.0–2.0	1014	$3,024	$2.98	2d	33	0.56mi
1320 Fenwick Ln #6 Silver Spring, MD	1.0	1.0	500	$1,999	$4.00	15d	1	0.57mi
2445 Lyttonsville Rd Silver Spring, MD	2.0	1.0–2.0	852	$1,874	$2.20	2d	39	0.60mi
8305 16th St Silver Spring, MD	1.0–2.0	1.0	683	$1,418	$2.08	5d	8	0.62mi
1400 E West Hwy Silver Spring, MD	1.0–3.0	1.0–2.5	1416	$1,863	$1.32	2d	30	0.66mi
8710 Cameron St Silver Spring, MD	2.0	1.0–2.5	879	$2,270	$2.58	1d	20	0.66mi
8605 Cameron St Silver Spring, MD	2.0	1.0–2.0	664	$2,280	$3.43	2d	76	0.67mi
1203 Fidler Ln Silver Spring, MD	2.0	1.0–2.0	876	$2,048	$2.34	2d	1	0.68mi
1110 Fidler Ln Silver Spring, MD	2.0	1.0–2.0	900	$1,964	$2.18	1d	17	0.72mi
8621 Georgia Ave Silver Spring, MD	2.0	1.0–2.0	726	$2,256	$3.11	2d	18	0.72mi
180 High Park Ln Silver Spring, MD	3.0	1.0–2.0	927	$3,080	$3.32	2d	8	0.76mi
1001 Spring St Silver Spring, MD	2.0	1.0–2.0	944	$1,962	$2.08	5d	9	0.79mi
2535 Ross Rd Silver Spring, MD	1.0–2.0	1.0	745	$1,434	$1.92	2d	7	0.81mi
700 Roeder Rd Silver Spring, MD	1.0	1.0	585	$2,000	$3.42	20d	1	0.88mi
710 Roeder Rd Silver Spring, MD	2.0	1.0–1.5	785	$2,035	$2.59	8d	7	0.88mi
1155 Ripley St Silver Spring, MD	2.0	1.0–2.5	859	$2,274	$2.65	2d	26	0.89mi
1401 Blair Mill Rd Silver Spring, MD	3.0	1.0–2.5	960	$2,096	$2.18	2d	85	0.89mi
1150 Ripley St Silver Spring, MD	2.0	1.0–2.0	1013	$2,758	$2.72	2d	26	0.91mi
815 Pershing Dr Silver Spring, MD	2.0	1.0–2.0	793	$2,314	$2.92	3d	11	0.92mi
8000 Eastern Dr Silver Spring, MD	1.0–2.0	1.0	840	$1,550	$1.84	2d	16	0.93mi
1215 E West Hwy Silver Spring, MD	2.0	1.0–2.0	798	$2,026	$2.54	1d	14	0.93mi
8250 Georgia Ave Silver Spring, MD	1.0–2.0	1.0–2.0	763	$1,720	$2.25	2d	24	0.93mi
8200 Dixon Ave Silver Spring, MD	1.0–2.0	1.0–2.0	960	$2,111	$2.20	3d	21	0.93mi
1200 East-West Hwy Silver Spring, MD	1.0–2.0	1.0–2.5	887	$1,756	$1.98	2d	20	0.95mi
929 Bonifant St Silver Spring, MD	1.0–2.0	1.0	827	$1,321	$1.60	44d	1	0.98mi
8455 Fenton St Silver Spring, MD	2.0	1.0–2.0	745	$2,396	$3.22	1d	10	1.00mi
915 Silver Spring Ave Silver Spring, MD	2.0	1.0–2.0	843	$2,400	$2.85	2d	37	1.02mi
8584 Freyman Dr Chevy Chase, MD	1.0	1.0	636	$1,715	$2.69	44d	3	1.03mi
816 Easley St Silver Spring, MD	2.0	1.0	727	$1,826	$2.51	3d	36	1.07mi
1133 East-West Hwy Silver Spring, MD	2.0	1.0–2.0	859	$2,160	$2.52	2d	32	1.08mi
8005 13th St #403 Silver Spring, MD	1.0	1.0	622	$2,100	$3.38	44d	1	1.16mi
8060 13th St Silver Spring, MD	2.0	1.0–2.0	1036	$1,767	$1.71	3d	26	1.18mi
7915 Eastern Ave #314 Silver Spring, MD	—	1.0	584	$1,780	$3.05	44d	1	1.20mi
8025 13th St Silver Spring, MD	1.0–2.0	1.0–2.0	880	$1,299	$1.48	2d	10	1.20mi
8021 Georgia Ave Silver Spring, MD	2.0	1.0–2.0	934	$2,248	$2.41	3d	20	1.22mi

HOA detail condo

• Monthly dues: $848 · $10,176/yr
• Likely covers: pooldoorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $135,500 Active 139 DOM
2. 2026-06-17
   days on market $135,500 Active 138 DOM
3. 2026-06-16
   days on market $135,500 Active 137 DOM
4. 2026-06-15
   days on market $135,500 Active 136 DOM
5. 2026-06-13
   days on market $135,500 Active 134 DOM
6. 2026-06-09
   days on market $135,500 Active 130 DOM
7. 2026-06-08
   days on market $135,500 Active 129 DOM
8. 2026-06-07
   days on market $135,500 Active 128 DOM
9. 2026-06-03
   days on market $135,500 Active 124 DOM
10. 2026-06-02
    days on market $135,500 Active 123 DOM
11. 2026-06-01
    days on market $135,500 Active 122 DOM
12. 2026-05-31
    days on market $135,500 Active 121 DOM
13. 2026-01-31
    historical
14. 2026-01-30
    listed $142,000 Active 1679-char remark

    Show marketing remark (1679 chars)

    Best Value for your money! Fully Renovated AND 2026 Condo fees paid by the seller! Modern & Luxurious Junior One-Bedroom Condo In the heart of Silver Spring! Step into this beautifully renovated, modern home that feels far more spacious than you’d expect. Recently renovated and ready for the new owner with freshly painted, new kitchen cabinets with built-in wine rack, pantry, quartz counters and stainless steel appliances. There's new ceramic flooring throughout the entire unit for easy maintenance, modern light fixtures and recess lighting. The bathroom is fully renovated with oversized ceramic tiles, modern lighting and fixtures. This sun-drenched home features oversized windows that flood the space with natural light, creating an airy, open feel throughout. The roomy layout is paired with generous walk-in closets, giving you both style and serious storage! Located in a well-maintained, pet-friendly community, residents enjoy access to a sparkling pool, roof top deck that offers amazing views, a party room, a community garden and an indoor-laundry center; all conveniently located being steps from dining, shopping, entertainment, and transit. Everything you love about Silver Spring is right outside your door! ALL UTILITIES are included in the condo fee. The property is very well maintained with an on-site and off site management office and concierge services offered 7-days per week (9am-9pm). The community also also allows pets! Homes like this—modern, spacious, renovated, and perfectly located—don’t last long. If you’ve been waiting for the right one, this is it. Schedule your showing now before it’s gone.

15. 2025-10-17
    listed $155,000 Active
16. 2019-04-11
    soldstatus $110,000
17. 2019-04-03
    soldstatus $110,000 Closed
18. 2019-03-25
    status Pending
19. 2019-03-20
    listed $115,000 Active
20. 2001-07-16
    soldstatus $40,000
21. 2001-07-06
    soldstatus $40,000
22. 2001-05-11
    historical
23. 2001-05-06
    listed $39,000
24. 1997-07-19
    historical
25. 1997-03-06
    listed
26. 1979-12-28
    soldstatus $26,500

ⓘ 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: $1,379 · $115/mo
• Projected year-2 tax: $1,428 · $119/mo
• Expected delta: +$49/yr (+$4/mo · 3.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°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 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,807
• − Mortgage interest: −$7,590
• − Property taxes: −$1,379
• − Insurance: −$1,475
• − Repairs & maintenance: −$1,825
• − Management: −$1,825
• − HOA: −$10,176
• − Depreciation: −$3,942
• Taxable loss: −$5,404
• Est. tax savings @ 24.0%: +$1,297
• After-tax cash flow: $-2,242/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: Montgomery County Public Schools
• NCES district ID: 2400480
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 45% ▼ -10.00%
• Median HH income: $97,191
• Composite: 35.62/100
• National rank: #4889
• State rank: #3 of 24 in MD

Livability — Silver Spring

• Score: 83/100
• State rank: #27
• US rank: #973

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Silver Spring, MD
• County: Montgomery County · 961,106 people
• City population: 309,699
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 45,943
• Household income: $112,134
• Rent vs Own: 64.5% rent · 35.5% own
• Severe rent burden: 2855.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 1,173,231 people
• By 2030: 1,237,402 · +5.5%
• By 2040: 1,365,115 · +16.4%
• By 2050: 1,491,592 · +27.1%
• By 2075: 1,803,893 · +53.8%
• By 2100: 2,035,619 · +73.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 45% Black 29% Hispanic / Latino 12% Two or more races 11% Asian 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 3% Italian 3% Slovak 2%
• Foreign-born: 23% · Canada, China, South Korea
• Languages at home: 70% English-only · Spanish 10% French/Haitian/Cajun 4% Other Indo-European 3%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+53.3) · D 75.2% · R 21.9% · Other 2.9%
• 2008→2024 swing: +8.7pp toward D · 2008: 44.6pp · 2024: 53.3pp
• All cycles: 2024: D+53.3 2020: D+59.6 2016: D+55.5 2012: D+43.4 2008: D+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -590.43%
• Current HPI: 310.0087
• Rent YoY: ▼ -2.26%
• 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

+435.8% since first listed

14 events — show timeline

• 2026-01-31 Listing Removed — BRIGHT MLS
• 2026-01-30 Listed $142,000 BRIGHT MLS
• 2025-10-17 Listed $155,000 BRIGHT MLS
• 2019-04-11 Sold (Public Records) $110,000 Public Records
• 2019-04-03 Sold (MLS) $110,000 BRIGHT MLS
• 2019-03-25 Pending — BRIGHT MLS
• 2019-03-20 Listed $115,000 BRIGHT MLS
• 2001-07-16 Sold (Public Records) $40,000 Public Records
• 2001-07-06 Sold (MLS) $40,000 MRIS
• 2001-05-11 Delisted — MRIS
• 2001-05-06 Listed $39,000 MRIS
• 1997-07-19 Delisted — MRIS
• 1997-03-06 Listed — MRIS
• 1979-12-28 Sold (Public Records) $26,500 Public Records

Property tax history

+0.7%/yr

Latest (2025): $1,379 · +5.3% YoY. Source: county tax records.