3114 Falk Ct #3114 · La Porte, TX 77571

$99,339

3 bd · 2.0 ba · 1,007 sqft · Condo public records · 395 Days on market

Built 1965 $99/sqft · 32% below area Est $146k · 32% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

NICE LA PORTE CONDO! Explore the potential of this charming condo in La Porte! Situated in a quiet cul-de-sac within a peaceful neighborhood, this first-floor unit offers two bedrooms and one and a half bathrooms. As you step inside, you'll be greeted by a cozy living room that seamlessly flows into the spacious kitchen area, complete with ample cabinet, counter, and pantry space. Each room offers generous proportions, ensuring comfortable living for you and your family. While the property requires some minor fixes and maintenance, it presents an excellent opportunity for customization and enhancement to suit your preferences. Conveniently located near Sylvan Beach Park and Galveston Bay, with direct access to HWY 146, this condo offers great accessibility. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information about the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• Ample counter space
• First-floor unit
• Ample pantry space

Tags

• FIRST-FLOOR UNIT
• SPACIOUS KITCHEN AREA
• AMPLE CABINET SPACE
• AMPLE COUNTER SPACE
• AMPLE PANTRY SPACE
• GREAT ACCESSIBILITY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $99k.

Deal economics

• At list price, monthly cash flow is $-2 ($-23/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.4% 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); 337 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 29,883 units permitted in Harris County in 2024 (8,621 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $687 of loan paydown is wiped out by about $3k 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 395 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $18k; list at $99k implies a 452% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $87,418 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 395 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.61% ✓
• Cap rate: 11.42%
• Cash-on-cash: 18.32%
• DSCR: 1.82
• GRM: 5.2

CMA / ARV

• ARV (median comp): $145,924
• List price: $99,339
• Delta: -31.92%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-16,147
• Equity at exit: $14,812

10-year hold

• IRR: -7.9%
• Equity multiple: 0.50×
• Total profit: $-13,929
• Equity at exit: $8,589

Cash invested: $27,815 (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: 337
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,596 high
• Mortgage (P&I): −$521
• Tax from tax record: −$122 /mo · $1,463/yr
• Insurance: −$41
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA est. from 1 same-building comp: −$152
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $-2

Break-even live

Break-even rent $1,598

Max offer price $98,995

Occupancy floor 95%

Sensitivity live

Price	-10% $54	-5% $26	+0% $-2	+5% $-30	+10% $-58
Rent	-10% $-128	-5% $-65	+0% $-2	+5% $61	+10% $124
Rate	-1.0pp $48	-0.5pp $23	base $-2	+0.5pp $-28	+1.0pp $-54

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: $24,835
• Closing costs: $2,980
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3036 S Broadway St La Porte, TX	2.0	2.0	1245	$1,209	$0.97	44d	1	0.14mi
600 McCabe Rd La Porte, TX	1.0–3.0	2.0	896	$1,395	$1.56	2d	3	0.40mi
514 Fountain St La Porte, TX	3.0	2.0	1152	$1,295	$1.12	44d	1	0.41mi
1831 Texas 146 Unit 424 La Porte, TX	2.0	2.0	876	$1,441	$1.64	6d	1	1.20mi
1831 Texas 146 Unit 1888 La Porte, TX	2.0	2.0	876	$1,468	$1.68	44d	1	1.20mi
1831 Texas 146 Unit 1864 La Porte, TX	3.0	2.0	1271	$1,980	$1.56	3d	1	1.20mi
1831 Texas 146 Unit 1868 La Porte, TX	2.0	2.0	876	$1,433	$1.64	3d	1	1.20mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $99,339 Active 395 DOM
2. 2026-06-17
   days on market $99,339 Active 394 DOM
3. 2026-06-16
   days on market $99,339 Active 393 DOM
4. 2026-06-15
   days on market $99,339 Active 392 DOM
5. 2026-06-13
   days on market $99,339 Active 390 DOM
6. 2026-06-09
   days on market $99,339 Active 386 DOM
7. 2026-06-08
   days on market $99,339 Active 385 DOM
8. 2026-06-07
   days on market $99,339 Active 384 DOM
9. 2026-06-04
   days on market $99,339 Active 381 DOM
10. 2026-06-03
    days on market $99,339 Active 380 DOM
11. 2026-06-02
    days on market $99,339 Active 379 DOM
12. 2026-06-01
    days on market $99,339 Active 378 DOM
13. 2026-05-31
    days on market $99,339 Active 377 DOM
14. 2026-02-19
    price $99,339 995-char remark

    Show marketing remark (995 chars)

    NICE LA PORTE CONDO! Explore the potential of this charming condo in La Porte! Situated in a quiet cul-de-sac within a peaceful neighborhood, this first-floor unit offers two bedrooms and one and a half bathrooms. As you step inside, you'll be greeted by a cozy living room that seamlessly flows into the spacious kitchen area, complete with ample cabinet, counter, and pantry space. Each room offers generous proportions, ensuring comfortable living for you and your family. While the property requires some minor fixes and maintenance, it presents an excellent opportunity for customization and enhancement to suit your preferences. Conveniently located near Sylvan Beach Park and Galveston Bay, with direct access to HWY 146, this condo offers great accessibility. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information about the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

15. 2025-05-19
    listed $109,339 Active 995-char remark

    Show marketing remark (995 chars)

    NICE LA PORTE CONDO! Explore the potential of this charming condo in La Porte! Situated in a quiet cul-de-sac within a peaceful neighborhood, this first-floor unit offers two bedrooms and one and a half bathrooms. As you step inside, you'll be greeted by a cozy living room that seamlessly flows into the spacious kitchen area, complete with ample cabinet, counter, and pantry space. Each room offers generous proportions, ensuring comfortable living for you and your family. While the property requires some minor fixes and maintenance, it presents an excellent opportunity for customization and enhancement to suit your preferences. Conveniently located near Sylvan Beach Park and Galveston Bay, with direct access to HWY 146, this condo offers great accessibility. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information about the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

16. 2022-06-17
    soldstatus Sold 716-char remark

    Show marketing remark (716 chars)

    Imagine experiencing the unfolding of each new day with the sun's painting of the sky so close to the water! No sunrises are alike in this amazing townhome. The unit is located downstairs in a two-story building and consists of 2 bedrooms and 1.5 bathroom. This townhome features new interior paint, an open concept living room and a cute kitchen for you to enjoy. This kitchen is perfectly set for you create and put your cooking skills to the test. The kitchen comes equipped with a dishwasher, stove, and double sink. You will love the new carpeting, two closets, and the large windows that provide you with plenty of natural sun light. You don't want to miss out on this one. Schedule your private showing TODAY!

17. 2022-06-09
    status Pending 716-char remark

    Show marketing remark (716 chars)

    Imagine experiencing the unfolding of each new day with the sun's painting of the sky so close to the water! No sunrises are alike in this amazing townhome. The unit is located downstairs in a two-story building and consists of 2 bedrooms and 1.5 bathroom. This townhome features new interior paint, an open concept living room and a cute kitchen for you to enjoy. This kitchen is perfectly set for you create and put your cooking skills to the test. The kitchen comes equipped with a dishwasher, stove, and double sink. You will love the new carpeting, two closets, and the large windows that provide you with plenty of natural sun light. You don't want to miss out on this one. Schedule your private showing TODAY!

18. 2021-04-27
    price $79,999 716-char remark

    Show marketing remark (716 chars)

    Imagine experiencing the unfolding of each new day with the sun's painting of the sky so close to the water! No sunrises are alike in this amazing townhome. The unit is located downstairs in a two-story building and consists of 2 bedrooms and 1.5 bathroom. This townhome features new interior paint, an open concept living room and a cute kitchen for you to enjoy. This kitchen is perfectly set for you create and put your cooking skills to the test. The kitchen comes equipped with a dishwasher, stove, and double sink. You will love the new carpeting, two closets, and the large windows that provide you with plenty of natural sun light. You don't want to miss out on this one. Schedule your private showing TODAY!

19. 2020-10-23
    price $78,999 716-char remark

    Show marketing remark (716 chars)

    Imagine experiencing the unfolding of each new day with the sun's painting of the sky so close to the water! No sunrises are alike in this amazing townhome. The unit is located downstairs in a two-story building and consists of 2 bedrooms and 1.5 bathroom. This townhome features new interior paint, an open concept living room and a cute kitchen for you to enjoy. This kitchen is perfectly set for you create and put your cooking skills to the test. The kitchen comes equipped with a dishwasher, stove, and double sink. You will love the new carpeting, two closets, and the large windows that provide you with plenty of natural sun light. You don't want to miss out on this one. Schedule your private showing TODAY!

20. 2020-07-10
    listed $73,999 Active 716-char remark

    Show marketing remark (716 chars)

    Imagine experiencing the unfolding of each new day with the sun's painting of the sky so close to the water! No sunrises are alike in this amazing townhome. The unit is located downstairs in a two-story building and consists of 2 bedrooms and 1.5 bathroom. This townhome features new interior paint, an open concept living room and a cute kitchen for you to enjoy. This kitchen is perfectly set for you create and put your cooking skills to the test. The kitchen comes equipped with a dishwasher, stove, and double sink. You will love the new carpeting, two closets, and the large windows that provide you with plenty of natural sun light. You don't want to miss out on this one. Schedule your private showing TODAY!

21. 2019-12-06
    soldstatus $18,000
22. 2014-09-24
    status Option Pending
23. 2014-09-22
    historical
24. 2014-05-30
    price $39,500 Active
25. 2014-05-30
    status Active
26. 2014-05-27
    status Option Pending
27. 2013-10-21
    listed $42,500 Active
28. 2004-06-03
    soldstatus

ⓘ 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: $1,463 · $122/mo
• Projected year-2 tax: $1,818 · $151/mo
• Expected delta: +$355/yr (+$30/mo · 24.3%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,152
• − Mortgage interest: −$5,565
• − Property taxes: −$1,463
• − Insurance: −$5,615
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − HOA: −$1,824
• − Depreciation: −$2,890
• Taxable loss: −$1,269
• Est. tax savings @ 24.0%: +$305
• After-tax cash flow: $281/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

+133.7% since first listed

15 events — show timeline

• 2026-02-19 Price Changed $99,339 HARMLS
• 2025-05-19 Listed $109,339 HARMLS
• 2022-06-17 Sold (MLS) — HARMLS
• 2022-06-09 Pending — HARMLS
• 2021-04-27 Price Changed $79,999 HARMLS
• 2020-10-23 Price Changed $78,999 HARMLS
• 2020-07-10 Listed $73,999 HARMLS
• 2019-12-06 Sold (Public Records) $18,000 Public Records
• 2014-09-24 Pending — HARMLS
• 2014-09-22 Listing Removed — HARMLS
• 2014-05-30 Relisted — HARMLS
• 2014-05-30 Price Changed $39,500 HARMLS
• 2014-05-27 Pending — HARMLS
• 2013-10-21 Listed $42,500 HARMLS
• 2004-06-03 Sold (Public Records) — Public Records

Property tax history

+6.1%/yr

Latest (2025): $1,463 · +3.2% YoY. Source: county tax records.