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3103 LANCER PLACE
About This Property
Inside, you'll find hardwood floors on the main level, replacement windows that add both style and efficiency, and an updated kitchen equipped with stainless steel appliances and new ceramic tile flooring. The living room showcases warm wood floors and inviting natural light, creating a comfortable and welcoming space.
The expansive lower level offers even more living space and includes walk-out steps to the spacious backyard, creating great potential for recreation, entertaining, or extended living arrangements. A standout feature of the home is the in-law suite, ideal for multigenerational living, accommodating guests, or exploring rental income opportunities. Outside, enjoy the large fenced yard and a wood deck added in 2020, perfect for relaxing or entertaining.
Conveniently located near shopping, dining, and major commuter routes, this Hyattsville gem delivers space, versatility, and value in one exceptional package.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Relisted | $489,000 | |
| Relisted | |||
| Apr 26, 2026 | No longer available | - | |
| No longer available | |||
| Apr 23, 2026 | Listed by RE/MAX Realty Services | $489,000 | |
| Listed by RE/MAX Realty Services | |||
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About Hyattsville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017