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$248,703

NAL Estimated Property Value

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

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,768 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$128.9 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee 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, Oven
FlooringCarpet, Tile

Exterior

Lot Size3,123 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN0232160030021
Lot Number21
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLT 21 BLK 103 LA PORTE
Census Tract343700
Assessed Land Value$25,000
Assessed Improvement Value$223,703
Assessment Year2025

About this property

509 MLK St is a spacious 3 bedroom 2.5 bath 2 story duplex town home. Can close in 30 days!! Northside Villages' great location provides quick access to HWY 146 and easy walk-ability to parks, schools, trails, places of worship, medical facilities and employment. No sales office on site. ***PHOTOS ARE OF A CLOSED HOME--SAME FLOOR PLAN)***AGENTS PLEASE READ AGENT REMARKS***

Investor Tools

Property Icon
$248,703
Estimated Property Value
$211,154Estimated Mortgage Balance
$37,549Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,492 /month
Positive
Cash Flow Estimate:
$497 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$104/month
$508/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2
$248,703
2025
$25,000
$223,703
$248,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2
$248,703

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$225,000
Yes
First
Jan 20, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,154
$41,846
16%
85%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,857/mo
$-135/mo
8.3%

City: La Porte

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