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$160,000

NAL Estimated Property Value

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

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.74 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal, Free-Standing Range, Gas Range, Oven
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size6,251 sqft

Building Information

Year Built1955
Stories1

Land Information

APN0232080890007
Lot Number7,8
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLTS 7 & 8 BLK 89 LA PORTE
Census Tract343700
Assessed Land Value$50,000
Assessed Improvement Value$42,340
Assessment Year2025

About this property

Charming Bungalow 3 BEDROOM 1 BATH home nestled in a sweet spot just minutes from KEMAH BOARDWALK is move-in ready and has been recently updated! Step inside to enjoy modern upgrades 10/2025, including gorgeous granite countertops, stylish wood-look vinyl plank flooring, frieze carpet, recessed lighting, and fans.** The home has been freshly repainted inside and out!**Just installed LOW E windows 10/2025 for plenty of light inside** 10/2025 installed A/C & HEAT, and a Beautiful front door*This home offers unbeatable convenience. and an incredible restaurant scene minutes away. Fenced backyard, with storage shed and covered back patio/deck. The large oak tree in the front yard & front porch make for nice curb appeal. With its prime location and beautiful upgrades, this home won’t last long! A turn-key home of such character at this price is a rare find! Call today for your private showing TODAY! Ask about OWNER FINANCING.

Investor Tools

Property Icon
$160,000
Estimated Property Value
$136,702Estimated Mortgage Balance
$23,298Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,019 /month
Positive
Cash Flow Estimate:
$340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$113/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$555
$92,340
2025
$50,000
$42,340
$92,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$555
$92,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Conventional
$137,700
No
First
Dec 11, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,702
$24,298
15%
85%
$826/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$826/mo
+$896/mo
12.9%

City: La Porte

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