3007 Bonner St · La Porte, TX 77571

$130,000

3 bd · 2.0 ba · 1,030 sqft · SingleFamily public records · 18 Days on market

Built 1950 5,501 sqft lot $126/sqft · 20% below area Est $162k · 20% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +7.4/10.0
• 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

This bright and welcoming La Porte home opens into a spacious living room that flows naturally into the dining area, creating a comfortable and connected main floor. The kitchen offers plenty of cabinet space to keep everything organized and within reach. The primary bedroom features a private ensuite half bath for added convenience, and outside, the fully fenced yard is a standout with a large three-car garage and generous greenspace — a rare and practical bonus. Additional opportunity: adjacent lot at 3011 is also available. Offers may be submitted for both properties. La Porte's charming downtown dining scene delivers with Ed's Bistro, a beloved local gem for brunch and elevated fa

Key facts

• 5,501 sq ft lot
• Built 1950
• Listed 18 days

Property features AI

Exterior

• Parking: No designated parking
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story entry (home built in 1950)
• Construction: Composition roof; Slab foundation; Built in 1950
• Exterior features: Fenced yard with private backyard; Backs to greenbelt/park; Side yard

Interior

• Kitchen: Gas oven; Gas range
• Bedrooms: Primary bedroom on the first floor (approx. 15 x 12); Bedroom on the first floor (approx. 12 x 10); Total of 2 rooms
• Flooring: Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Window treatments / coverings; Combined living and dining area
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $-131 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $107k (17.8% below list).
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $107k (17.8% below list) — sets the bar for cash-flow.
• Cap rate 9.0% 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: amenities F, commute F, health & safety 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.
• Zoned schools: La Porte J H (math 41% / reading 43%, grade D-, #572 of 1,662 statewide, top 36%, 527 students, 65% FRL); La Porte H S (math 24% / reading 46%, grade F, #954 of 1,632 statewide, top 59%, 2,069 students, 51% FRL).
• Market conditions: Rents rising (+2.8%/yr); 340 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $899 of loan paydown is wiped out by about $4k 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 18 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $106,882 (17.8% 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. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.24% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.75%
• DSCR: 1.43
• GRM: 6.7

CMA / ARV

• ARV (median comp): $162,154
• List price: $130,000
• Delta: -19.83%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
139 Pine Bluff St	0.04mi	2/1.0 (-1)	878 (-15%)	16mo	$70,000	$80	52

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: -23.6%
• Equity multiple: 0.19×
• Total profit: $-29,372
• Equity at exit: $19,383

10-year hold

• IRR: -18.4%
• Equity multiple: 0.01×
• Total profit: $-36,202
• Equity at exit: $11,240

Cash invested: $36,400 (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: $1,614 high
• Mortgage (P&I): −$682
• Tax from tax record: −$244 /mo · $2,924/yr
• Insurance: −$54
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $-131

Break-even live

Break-even rent $1,780

Max offer price $106,882

Occupancy floor —

Sensitivity live

Price	-10% $-57	-5% $-94	+0% $-131	+5% $-168	+10% $-204
Rent	-10% $-258	-5% $-195	+0% $-131	+5% $-67	+10% $-3
Rate	-1.0pp $-65	-0.5pp $-98	base $-131	+0.5pp $-165	+1.0pp $-199

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 6 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	0.27mi
514 Fountain St La Porte, TX	3.0	2.0	1152	$1,295	$1.12	44d	1	0.48mi
1831 Texas 146 Unit 1864 La Porte, TX	3.0	2.0	1271	$1,972	$1.55	0d	1	1.21mi
1831 Texas 146 Unit 1868 La Porte, TX	2.0	2.0	876	$1,425	$1.63	0d	1	1.21mi
1831 Texas 146 Unit 1888 La Porte, TX	2.0	2.0	876	$1,468	$1.68	44d	1	1.21mi
1831 Texas 146 Unit 424 La Porte, TX	2.0	2.0	876	$1,441	$1.64	6d	1	1.21mi

Listing history 15 events

1. 2026-05-07
   status Active 848-char remark
2. 2026-04-28
   status Pending 848-char remark
3. 2026-04-23
   listed $130,000 Active 848-char remark
4. 2025-03-10
   historical $1,600
5. 2025-03-08
   listed $1,600
6. 2025-03-07
   historical $2,300
7. 2025-03-04
   historical $2,300
8. 2025-02-28
   listed $2,300
9. 2025-02-24
   price $1,600
10. 2025-02-04
    listed $2,100
11. 2025-01-29
    historical $2,500
12. 2025-01-27
    listed $2,500
13. 2015-05-19
    soldstatus
14. 2003-07-17
    soldstatus
15. 1988-01-02
    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: $2,924 · $244/mo
• Projected year-2 tax: $2,924 · $244/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $19,371
• − Mortgage interest: −$7,282
• − Property taxes: −$2,924
• − Insurance: −$5,768
• − Repairs & maintenance: −$1,550
• − Management: −$1,550
• − Depreciation: −$3,782
• Taxable loss: −$3,485
• Est. tax savings @ 24.0%: +$836
• After-tax cash flow: $-734/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

+5100.0% since first listed

16 events — show timeline

• 2026-05-21 Pending — HARMLS
• 2026-05-07 Relisted — HARMLS
• 2026-04-28 Pending — HARMLS
• 2026-04-23 Listed $130,000 HARMLS
• 2025-03-10 Rental Removed $1,600 RENTALBEAST
• 2025-03-08 Listed for Rent $1,600 RENTALBEAST
• 2025-03-07 Rental Removed $2,300 HARMLS
• 2025-03-04 Rental Removed $2,300 RENTALBEAST
• 2025-02-28 Listed for Rent $2,300 RENTALBEAST
• 2025-02-24 Price Changed $1,600 HARMLS
• 2025-02-04 Listed for Rent $2,100 HARMLS
• 2025-01-29 Rental Removed $2,500 TURBOTENANT
• 2025-01-27 Listed for Rent $2,500 TURBOTENANT
• 2015-05-19 Sold (Public Records) — Public Records
• 2003-07-17 Sold (Public Records) — Public Records
• 1988-01-02 Sold (Public Records) — Public Records

Property tax history

+5.9%/yr

Latest (2025): $2,924 · +3.2% YoY. Source: county tax records.