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$1,700

5005 Georgi Lane #38, Houston, TX, 77092

On MarketInfo
LeaseInfo
Beds2 Beds
Baths2 Bath
Baths1,298 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.31 / sqft
Year BuiltBuilt in 1974

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Electric Oven, Microwave, Electric Range, Dryer, Full Size, Refrigerator, Washer, Dishwasher
FlooringTile

Building Information

Year Built1974
Stories1

Land Information

APN1061530010038
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 38 BLDG F .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$34,786
Assessed Improvement Value$148,298
Assessment Year2025

About this property

Step into first floor effortless, stylish living in one of Oak Forest's most desirable hidden gems! This completely turnkey, move-in-ready condo places you right next to the shimmering community pool and delivers the ultimate blend of modern comfort and unbeatable convenience. Featuring sleek, easy-maintenance tile flooring throughout the entire home. Enjoy a crisp, fresh coat of paint, a recent kitchen renovation, and recently updated primary bathroom finishes. Generously oversized bedrooms complete with massive closets for effortless storage and organization. A massive, screened-in private patio offering incredible space to relax, entertain, or unwind bug-free with access to the surrounding grounds. Includes one covered carport with assigned parking right nearby. 100% Appliance Package Included: Washer, dryer, and kitchen appliances all convey with the property so you can unpack and settle in tomorrow! Minutes away from local hotspots, dining, and major commuter routes.

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Sean Gambini

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$399/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,871
$183,084
2025
$34,786
$148,298
$183,084
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,871
$183,084

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sente Mortgage Inc
Conventional
$108,750
No
First
Oct 1, 2021
Nov 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,743
$84,341
46%
54%
$653/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$653/mo
+$654/mo
8.6%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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