Welcome to 12508 Payan Street,
Upper Marlboro, MD 20772
12508 Payan Street is a large colonial. It was located the community of Upper Marlboro in Prince George’s County. It had 5 bedrooms and 3-1/2 bathrooms. The home was built in 2020 and had 5,190 square feet of living space. There were 4 bedrooms on the upper level, along with 2 full bathrooms and a laundry area. The main level had a living room, dining room, office or den, an eat-in kitchen and a half bath. The lower level contained a large family room area, along with 1 bedroom and 1 full bathroom. It also had access to the back yard. Parking was available in the 2-car front-facing garage and concrete driveway.
Rental Listing and Compensation Information for
12508 Payan Street, Upper Marlboro, MD 20772
The home was offered for rent for $5,300 per month starting on March 15, 2024. The owners offered a commission of 25% of the first month’s rent through an Exclusive Right to Represent the Buyer/Tenant Agreement a tenant’s agent. It was rented through an insurance claim on May 1, 2024 for $5,600. The insurance company also paid the utilities.
Trash removal was covered through the County property taxes. The tenants were responsible for electric service, natural gas service, water/sewer service, telephone, cable TV and Internet service. In addition, the tenants were responsible for yard maintenance (grass cutting, weeding of flower beds and trimming bushes).
The security deposit was $5,300 and was required when an application was accepted. Pets were considered on a case-by-case basis, with an additional minimum $25 per month pet rent per animal. Breed restrictions applied. The owner did not allow smoking inside the home.
INCOME REQUIREMENTS FOR RENTING THIS HOME
Monthly Pre-Tax Income of $18,550
Yearly Pre-Tax Income of $222,600
You can read about the Procedures We Use to Process Rental Applications
Information About Schools
Information About Utilities
and Local Services
Washingon Suburban Sanitary Commission (WSSC)
Potomac Electric Power Company (PEPCO)
Locations of Interest
Baltimore-Washington Thurgood
Marshall International Airport
Fort Detrick United States Army Garrison
Naval Air Systems Command (Patuxent River)
Naval Surface Warfare Center Indian Head
Pentagon Building (Department of Defense)
Historical Background Information for
12508 Payan Street, Upper Marlboro, MD 20772
We began managing this home for the owners on May 1, 2024 when the current tenants began their lease. The home was occupied and our management started when it was vacated.
The home was offered for rent for $5,300 per month in mid-March 2024. The owners accepted an application on April 6, 2024. The home was rented through a relocation company as part of an insurance claim. The rental amount is $5,600 for 10 months. The insurance company is also paying the utilities and lawn maintenance as part of the claim.
We Are No Longer Managing the Home at
12508 Payan Street, Upper Marlboro, MD 20772
There are many reasons why a homeowner will remove their rental home from active management. The two most popular reasons are that:
- The owner wants to sell the home based on a change in the Return on Investment (ROI). This happens after many years of owning the home. Selling is one of several options for the owner.
- The owner changes the home to a principal residence. Sometimes an owner will begin living in a former rental home so that they can later sell it. This is done to get tax advantages in the sale.
If you are thinking about buying a home in Prince George’s County, we can help! The first step is for you to take a few minutes to look at the current MLS Homes for Sale in Upper Marlboro, MD 20772. You can contact us so we can arrange a time to meet with you. We can discuss your specific property needs and help you to get started.
Another part of the process is for you to look at the MLS Homes for Rent in Upper Marlboro, MD 20772 because these are your competition. We can also work with you to Determine the Return on Investment (ROI) for your Rental Property. Finally, we can help you find qualified tenants for your rental property. We can discuss the Rental Listing Agreement with you and get your listing active quickly.
If you are thinking about selling a home that you already own, we can help! The first step is to determine the Fair Market Value of Your Home. When you answer a few questions about your home, we can perform the analysis and send you the results within a couple of days.
Contact Us About Homes For Sale or Rent
| Price: | $Available for Rent: $5,300 |
| Address: | 12508 Payan Street |
| City: | Laurel |
| County: | Prince Georges |
| State: | MD |
| Zip Code: | 20772 |
| Year Built: | 2020 |
| Floors: | 3 |
| Square Feet: | 5,190 |
| Acres: | 0.34 |
| Lot Square Feet: | 15,030 |
| Bedrooms: | 5 |
| Bathrooms: | 3 |
| Half Bathrooms: | 1 |
| Pool: | None |
| Property Type: | Detached SFR |
| Condo: | $5,300 Security Deposit Required |
| Financial: | Income Requirements: $18,550 monthly - $222,600 annually |
| Condition: | Move-In Ready |
| Heat/Cool: | Electric/Natural Gas |
| Parking: | Garage, Driveway |
| Utilities: | Tenants are responsible for electric service, gas service, water/sewer service, trash removal, telephone, cable TV and Internet service. |
