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$323,505

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

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,833 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.07 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

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
FlooringCarpet, Tile

Exterior

Lot Size6,251 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN0232090000027
Lot Number26,27
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLTS 26 & 27 BLK 90 LA PORTE
Census Tract343700
Assessed Land Value$50,000
Assessed Improvement Value$273,505
Assessment Year2025

About this property

NEW CONSTRUCTION JUST COMPLETED BEAUTIFUL OPEN CONCEPT HOME WITH QUARTZ COUNTERTOPS THROUGHOUT UPGRADED CABINETRY AND CUSTOM TILE WORK - NO HOA - BUILDER WARRANTY INCLUDED - BRING YOUR CLIENT ON A TOUR TODAY!

Investor Tools

Property Icon
$323,505
Estimated Property Value
$308,000Estimated Mortgage Balance
$29,972Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,941 /month
Positive
Cash Flow Estimate:
$647 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$291/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,876
$323,505
2025
$50,000
$273,505
$323,505
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,876
$323,505

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Conventional
$308,000
No
First
Oct 19, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,533
$29,972
9%
91%
$1,847/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,847/mo
$-125/mo
6.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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423 Dr Martin Luther King Jr Dr | Property Details | No Agent List