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$193,000

NAL Estimated Property Value

218 N Dr Martin Luther King Jr Drive, La Porte, TX, 77571

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths938 Sq Ft
price_per_sqft$159.81 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Free-Standing Range, Gas Range, Dishwasher
FlooringLaminate

Exterior

Lot Size6,251 sqft

Building Information

Year Built2020
Stories1

Land Information

APN0231970650033
Lot Number8,10
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLTS 8 & 9 & N 2 FT OF LT 10 BLK 65 LA PORTE
Census Tract343700
Assessed Land Value$50,000
Assessed Improvement Value$122,112
Assessment Year2025

About this property

GREAT STARTER HOME - HOME IS IN THE LAST STAGES OF CONSTRUCTION - HOUSE WAS REBUILT FROM THE EXISTING FOUNDATION UP - LARGE OPEN CONCEPT LIVING/KITCHEN/BREAKFAST AREA - LAMINATE FLOORING THROUGHOUT - NEW APPLIANCES IN THE KITCHEN - DOUBLE CAR DRIVEWAY TO BE INSTALLED - INSIDE UTILITY - NICE SIZED LOT JUST NORTH OF MAIN STREET IN OLD " LA PORTE " - GOOD ACCESS TO BUSINESSES ALONG MAIN STREET AND TO MAJOR TRAFFIC CARRIERS - CALL FOR A PERSONAL SHOWING

Investor Tools

Property Icon
$193,000
Estimated Property Value
$131,294Estimated Mortgage Balance
$61,706Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,158 /month
Positive
Cash Flow Estimate:
$386 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,205
$172,112
2025
$50,000
$122,112
$172,112
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,205
$172,112

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$147,184
Yes
First
Oct 19, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,294
$61,706
31%
68%
$883/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$883/mo
+$839/mo
10.7%

City: La Porte

218 N Dr Martin Luther King Jr Drive | Property Details | No Agent List