115 S Holmes St · La Porte, TX 77571

$165,000

4 bd · 2.0 ba · 1,521 sqft · SingleFamily public records · 53 Days on market

Built 1945 9,374 sqft lot $108/sqft · 21% below area Est $209k · 21% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.2/30.0
• ARV discount +15.0/15.0
• 1% rule +7.5/10.0
• DSCR +6.4/10.0
• Schools +3.9/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming single-story home in La Porte offers a spacious layout with 4 bedrooms and 2 full baths, blending comfort and functionality in a convenient location. Inside, you'll find wood flooring, granite countertops, and a bright kitchen equipped with a gas cooktop, gas oven, dishwasher, and disposal. The primary bedroom provides generous space, while the overall floor plan allows flexibility for everyday living or entertaining. Situated on a large cleared lot, the property also features a durable metal roof, public utilities, and easy access to nearby schools, shopping, and major roadways. A great opportunity for buyers looking for space, character, and value in an established neighborhood.

Key facts

• Wood flooring
• Gas cooktop
• Durable metal roof

Tags

• WOOD FLOORING
• GRANITE COUNTERTOPS
• GAS COOKTOP
• GAS OVEN
• DURABLE METAL ROOF
• LARGE CLEARED LOT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $141 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $160k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.4% in La Porte — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#360 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools D+, amenities F, commute F.
• La Porte ISD (suburban): math 41% / reading 44% proficiency, ranked #260 of 826 in TX (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.8%/yr); 340 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).
• This rent runs 30% of the median local income ($82k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Harris County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $24k; list at $165k implies a 602% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; flood insurance adds $66/mo; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 7.80%
• Cash-on-cash: 5.39%
• DSCR: 1.24
• GRM: 6.7

CMA / ARV

• ARV (median comp): $209,288
• List price: $165,000
• Delta: -21.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 S Holmes St	0.00mi	4/2.0	1,521 (0%)	0mo	$165,000	$108	100
401 S Blackwell St	0.30mi	3/2.0 (-1)	1,575 (+4%)	5mo	$265,000	$168	71
712 S Blackwell St	0.48mi	3/3.0 (-1)	1,528 (+0%)	2mo	$264,900	$173	66
309 S Brownell St	0.21mi	3/2.0 (-1)	1,358 (-11%)	4mo	$209,500	$154	64
211 San Jacinto St	0.57mi	3/2.0 (-1)	1,492 (-2%)	11mo	$250,000	$168	56
317 S Idaho St	0.31mi	3/2.0 (-1)	1,726 (+14%)	4mo	$300,000	$174	55
601 S Carroll St	0.39mi	3/2.0 (-1)	1,403 (-8%)	11mo	$259,900	$185	54
1711 Park Dr	0.45mi	3/2.5 (-1)	1,664 (+9%)	10mo	$274,900	$165	48
135 S Virginia Ave	0.50mi	3/2.5 (-1)	1,720 (+13%)	3mo	$249,000	$145	45
403 Arizona St	0.68mi	3/2.5 (-1)	1,650 (+8%)	3mo	$320,000	$194	44
722 S Utah St	0.62mi	3/2.0 (-1)	1,650 (+8%)	11mo	$315,000	$191	42
127 S Virginia Ave	0.50mi	3/2.5 (-1)	1,720 (+13%)	9mo	$258,900	$151	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.81% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.61×
• Total profit: $-17,893
• Equity at exit: $24,602

10-year hold

• IRR: -1.5%
• Equity multiple: 0.90×
• Total profit: $-4,620
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 77571

• Home prices YoY: -28.9%
• Rents YoY: 2.8%
• Active inventory: 340
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,058 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$484 /mo · $5,805/yr
• Insurance: −$69
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $141

Break-even live

Break-even rent $1,879

Max offer price $165,000

Occupancy floor 88%

Sensitivity live

Price	-10% $235	-5% $188	+0% $141	+5% $95	+10% $48
Rent	-10% $-21	-5% $60	+0% $141	+5% $222	+10% $304
Rate	-1.0pp $224	-0.5pp $183	base $141	+0.5pp $98	+1.0pp $55

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
218 S 6th St La Porte, TX	3.0	2.0	1500	$1,925	$1.28	44d	1	1.04mi
319 S 6th St La Porte, TX	4.0	2.0	1812	$1,795	$0.99	25d	1	1.04mi
803 S 4th St La Porte, TX	4.0	1.5	1688	$1,700	$1.01	6d	1	1.18mi

Listing history 23 events

1. 2026-05-13
   status Pending 703-char remark

   Show marketing remark (703 chars)

   This charming single-story home in La Porte offers a spacious layout with 4 bedrooms and 2 full baths, blending comfort and functionality in a convenient location. Inside, you'll find wood flooring, granite countertops, and a bright kitchen equipped with a gas cooktop, gas oven, dishwasher, and disposal. The primary bedroom provides generous space, while the overall floor plan allows flexibility for everyday living or entertaining. Situated on a large cleared lot, the property also features a durable metal roof, public utilities, and easy access to nearby schools, shopping, and major roadways. A great opportunity for buyers looking for space, character, and value in an established neighborhood.

2. 2026-05-05
   status Pending 703-char remark

   Show marketing remark (703 chars)

   This charming single-story home in La Porte offers a spacious layout with 4 bedrooms and 2 full baths, blending comfort and functionality in a convenient location. Inside, you'll find wood flooring, granite countertops, and a bright kitchen equipped with a gas cooktop, gas oven, dishwasher, and disposal. The primary bedroom provides generous space, while the overall floor plan allows flexibility for everyday living or entertaining. Situated on a large cleared lot, the property also features a durable metal roof, public utilities, and easy access to nearby schools, shopping, and major roadways. A great opportunity for buyers looking for space, character, and value in an established neighborhood.

3. 2026-04-21
   price $165,000 703-char remark

   Show marketing remark (703 chars)

   This charming single-story home in La Porte offers a spacious layout with 4 bedrooms and 2 full baths, blending comfort and functionality in a convenient location. Inside, you'll find wood flooring, granite countertops, and a bright kitchen equipped with a gas cooktop, gas oven, dishwasher, and disposal. The primary bedroom provides generous space, while the overall floor plan allows flexibility for everyday living or entertaining. Situated on a large cleared lot, the property also features a durable metal roof, public utilities, and easy access to nearby schools, shopping, and major roadways. A great opportunity for buyers looking for space, character, and value in an established neighborhood.

4. 2026-03-31
   price $169,000 703-char remark

   Show marketing remark (703 chars)

   This charming single-story home in La Porte offers a spacious layout with 4 bedrooms and 2 full baths, blending comfort and functionality in a convenient location. Inside, you'll find wood flooring, granite countertops, and a bright kitchen equipped with a gas cooktop, gas oven, dishwasher, and disposal. The primary bedroom provides generous space, while the overall floor plan allows flexibility for everyday living or entertaining. Situated on a large cleared lot, the property also features a durable metal roof, public utilities, and easy access to nearby schools, shopping, and major roadways. A great opportunity for buyers looking for space, character, and value in an established neighborhood.

5. 2026-03-20
   listed $175,000 Active 703-char remark

   Show marketing remark (703 chars)

   This charming single-story home in La Porte offers a spacious layout with 4 bedrooms and 2 full baths, blending comfort and functionality in a convenient location. Inside, you'll find wood flooring, granite countertops, and a bright kitchen equipped with a gas cooktop, gas oven, dishwasher, and disposal. The primary bedroom provides generous space, while the overall floor plan allows flexibility for everyday living or entertaining. Situated on a large cleared lot, the property also features a durable metal roof, public utilities, and easy access to nearby schools, shopping, and major roadways. A great opportunity for buyers looking for space, character, and value in an established neighborhood.

6. 2020-02-07
   soldstatus Sold 293-char remark

   Show marketing remark (293 chars)

   Welcome home! Beautifully remodeled 4/2 home sitting on a large open lot. No HOA!! Terrific location in La Porte perfect for work commute. Interiors have been fully upgraded and includes brand new flooring, bathrooms, appliances, paint A/C, front and back deck and much more! Come tour today!!

7. 2020-02-07
   soldstatus

   Show marketing remark (293 chars)

   Welcome home! Beautifully remodeled 4/2 home sitting on a large open lot. No HOA!! Terrific location in La Porte perfect for work commute. Interiors have been fully upgraded and includes brand new flooring, bathrooms, appliances, paint A/C, front and back deck and much more! Come tour today!!

8. 2019-12-25
   status Pending 293-char remark

   Show marketing remark (293 chars)

   Welcome home! Beautifully remodeled 4/2 home sitting on a large open lot. No HOA!! Terrific location in La Porte perfect for work commute. Interiors have been fully upgraded and includes brand new flooring, bathrooms, appliances, paint A/C, front and back deck and much more! Come tour today!!

9. 2019-12-19
   status Option Pending 293-char remark

   Show marketing remark (293 chars)

   Welcome home! Beautifully remodeled 4/2 home sitting on a large open lot. No HOA!! Terrific location in La Porte perfect for work commute. Interiors have been fully upgraded and includes brand new flooring, bathrooms, appliances, paint A/C, front and back deck and much more! Come tour today!!

10. 2019-11-15
    listed $150,300 Active 293-char remark

    Show marketing remark (293 chars)

    Welcome home! Beautifully remodeled 4/2 home sitting on a large open lot. No HOA!! Terrific location in La Porte perfect for work commute. Interiors have been fully upgraded and includes brand new flooring, bathrooms, appliances, paint A/C, front and back deck and much more! Come tour today!!

11. 2019-09-20
    soldstatus
12. 2019-08-19
    soldstatus
13. 2011-04-25
    soldstatus
14. 2011-04-21
    soldstatus
15. 2011-04-12
    historical
16. 2011-02-25
    listed $69,900
17. 2011-01-14
    soldstatus
18. 2010-12-07
    historical
19. 2010-08-18
    listed $64,900
20. 2004-09-03
    soldstatus
21. 2004-09-03
    soldstatus
22. 1994-07-24
    soldstatus
23. 1991-09-01
    soldstatus $23,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $5,805 · $484/mo
• Projected year-2 tax: $5,805 · $484/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 75% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,690
• − Mortgage interest: −$9,243
• − Property taxes: −$5,805
• − Insurance: −$1,622
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − Depreciation: −$4,800
• Taxable loss: −$730
• Est. tax savings @ 24.0%: +$175
• After-tax cash flow: $1,870/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: La Porte ISD
• NCES district ID: 4826190
• Math proficiency: 41% ▼ -10.00%
• Reading proficiency: 44% ▼ -4.00%
• Median HH income: $71,841
• Composite: 38.65/100
• National rank: #4151
• State rank: #260 of 826 in TX

Livability — La Porte

• Score: 70/100
• State rank: #360
• US rank: #7754

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment B Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Porte, TX
• County: Harris County · 4,702,590 people
• City population: 38,543
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 38,543
• Household income: $81,850
• Rent vs Own: 27.9% rent · 72.1% own
• Severe rent burden: 1176.0

Population outlook (Harris County) Hauer SSP2

• Today (2025): 5,571,493 people
• By 2030: 6,089,821 · +9.3%
• By 2040: 7,142,806 · +28.2%
• By 2050: 8,185,864 · +46.9%
• By 2075: 10,574,329 · +89.8%
• By 2100: 12,109,958 · +117.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 51% Hispanic / Latino 36% Two or more races 20% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 31%
• Common ancestry: Italian 4% Lithuanian 3% Iranian 1%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 77% English-only · Spanish 21% Other Indo-European 1%

Political lean MEDSL · Harris

• 2024 margin: Lean D (+5.5) · D 52.0% · R 46.4% · Other 1.6%
• 2008→2024 swing: +3.9pp toward D · 2008: 1.6pp · 2024: 5.5pp
• All cycles: 2024: D+5.5 2020: D+13.3 2016: D+12.4 2012: D+0.1 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.81%
• Current HPI: 255.0768
• Rent YoY: ▲ 2.81%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+602.1% since first listed

23 events — show timeline

• 2026-05-13 Pending — HARMLS
• 2026-05-05 Pending — HARMLS
• 2026-04-21 Price Changed $165,000 HARMLS
• 2026-03-31 Price Changed $169,000 HARMLS
• 2026-03-20 Listed $175,000 HARMLS
• 2020-02-07 Sold (Public Records) — Public Records
• 2020-02-07 Sold (MLS) — HARMLS
• 2019-12-25 Pending — HARMLS
• 2019-12-19 Pending — HARMLS
• 2019-11-15 Listed $150,300 HARMLS
• 2019-09-20 Sold (Public Records) — Public Records
• 2019-08-19 Sold (Public Records) — Public Records
• 2011-04-25 Sold (Public Records) — Public Records
• 2011-04-21 Sold (MLS) — HARMLS
• 2011-04-12 Listing Removed — HARMLS
• 2011-02-25 Listed $69,900 HARMLS
• 2011-01-14 Sold (MLS) — HARMLS
• 2010-12-07 Listing Removed — HARMLS
• 2010-08-18 Listed $64,900 HARMLS
• 2004-09-03 Sold (Public Records) — Public Records
• 2004-09-03 Sold (Public Records) — Public Records
• 1994-07-24 Sold (Public Records) — Public Records
• 1991-09-01 Sold (Public Records) $23,500 Public Records

Property tax history

+12.9%/yr

Latest (2025): $5,805 · +15.0% YoY. Source: county tax records.