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$116,000

NAL Estimated Property Value

331 Dr Martin Luther King Jr Dr, La Porte, TX, 77571

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths916 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.51 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size6,251 sqft

Building Information

Year Built1950
Stories1

Land Information

APN0232030790031
Lot Number31,32
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLTS 31 & 32 BLK 79 LA PORTE
Census Tract343700
Assessed Land Value$50,000
Assessed Improvement Value$53,798
Assessment Year2025

About this property

Super Deal! New homes all around property. Large community park across the street. Corner Property! House needs some TLC repairs, but has huge potential. Nothing around at this price. Hurry, It will sell soon.

Investor Tools

Property Icon
$116,000
Estimated Property Value
$0Estimated Mortgage Balance
$116,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$696 /month
Positive
Cash Flow Estimate:
$232 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$104/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$666
$103,798
2025
$50,000
$53,798
$103,798
No

Tax History

Year
Tax Paid
Assessed Value
2024
$666
$103,798

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$122,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
13.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: La Porte

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331 Dr Martin Luther King Jr Dr | Property Details | No Agent List