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$258,000

503 S Lobit St, La Porte, TX, 77571

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,530 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.12 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size6,251 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN0061240000030
Lot Number1,2
SubdivisionBay Front To La Porte
Land UseResidential
Legal DescriptionLTS 1 & 2 BLK 34 BAY FRONT TO LA PORTE
Census Tract343602
Assessed Land Value$48,438
Assessed Improvement Value$180,972
Assessment Year2025

About this property

ROOMY HOME JUST A FEW BLOCKS FROM GALVESTON BAY AND THE SYLVAN BEACH PARK COMPLEX - SITUATED ON A CORNER LOT - LARGE LIVING/KITCHEN OPEN CONCEPT AREA - CERAMIC TILE IN LIVING, DINING, KITCHEN, AREAS - NEW CARPET INSTALLED IN BEDROOMS - FRESH INTERIOR PAINT THROUGHOUT - LOADS OF CABINETS IN THE KITCHEN - INSIDE UTILITY - FENCED BACKYARD - TUB AND SHOWER IN PRIMARY BEDROOM SUITE - DELUXE WORKBENCH AND CABINETRY IN GARAGE - THE ROOF WAS REPLACED AND THE EXTERIOR PAINTED IN MAY 2020 - A/C REPLACED 8/2017 - IDEAL STARTER HOME READY TO BE MOVED INTO - SET AN APPOINTMENT TO SEE THIS ONE - PRICED TO SELL AND WON'T LAST LONG

Investor Tools

Property Icon
$258,000
Estimated Property Value
$188,000Estimated Mortgage Balance
$90,297Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$157/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$592
$229,410
2025
$48,438
$180,972
$229,410
No

Tax History

Year
Tax Paid
Assessed Value
2020
$592
$229,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Va
$188,000
Yes
First
Oct 23, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,703
$75,297
30%
65%
$1,128/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,128/mo
+$594/mo
8.0%

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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