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$251,000

NAL Estimated Property Value

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

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,430 Sq Ft
price_per_sqft$150.28 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher

Exterior

Lot Size6,251 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN0232080890005
Lot Number5,6
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLTS 5 & 6 BLK 89 LA PORTE
Census Tract343700
Assessed Land Value$50,000
Assessed Improvement Value$187,592
Assessment Year2025

About this property

COZY HOME PERFECT TO START OFF - QUIET NEIGHBORHOOD - UPGRADED TILE FLOORING AND CABINETRY - GRANITE COUNTERTOPS THROUGHOUT - ISLAND KITCHEN WITH SINK AND DISHWASHER IN ISLAND ALONG WITH A BREAKFAST BAR - STAINLESS APPLIANCES - ENERGY EFFICIENT HOME - INSIDE UTILITY - HOME IS CLOSE TO THE MAIN STREET SHOPS AND RESTAURANTS - SPLASH PAD ON THE CORNER OF THE BLOCK - EASY ACCESS TO TRAFFIC CARRIERS AND BARBOURS CUT TERMINAL - CALL TODAY TO SEE THIS ONE - LOW INTEREST RATES ARE AVAILABLE - IT WON'T LAST LONG!!

Investor Tools

Property Icon
$251,000
Estimated Property Value
$188,605Estimated Mortgage Balance
$62,395Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$243/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,660
$237,592
2025
$50,000
$187,592
$237,592
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,660
$237,592

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Services Llc
Fha
$211,007
Yes
First
Nov 12, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,605
$79,395
29%
75%
$1,266/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,266/mo
+$456/mo
8.2%

City: La Porte

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