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$234,000

NAL Estimated Property Value

511 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$133.81 / 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

APN0232160030022
Lot Number22
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLT 22 BLK 103 LA PORTE
Census Tract343700
Assessed Land Value$25,000
Assessed Improvement Value$204,619
Assessment Year2025

About this property

511 MLK St is a spacious 3 bedroom 2.5 bath 2 story duplex town home. Should be complete the end of October!! 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 Sales office is located at 341 Bay Oaks La Porte ***PHOTOS ARE OF A CLOSED HOME--SAME FLOOR PLAN)***AGENTS PLEASE READ AGENT REMARKS***

Investor Tools

Property Icon
$234,000
Estimated Property Value
$193,158Estimated Mortgage Balance
$40,842Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,419 /month
Positive
Cash Flow Estimate:
$473 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$218/month
$508/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,443
$229,619
2025
$25,000
$204,619
$229,619
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,443
$229,619

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Mortgage Group Inc
Conventional
$206,550
No
First
Nov 22, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,158
$40,842
17%
83%
$1,239/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,747/mo
$-25/mo
8.8%

City: La Porte

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