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$156,000

NAL Estimated Property Value

5005 Georgi Ln Apt 109, Houston, TX, 77092

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,460 Sq Ft
price_per_sqft$100 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher

Building Information

Year Built1974
Stories2

Land Information

APN1087710010005
SubdivisionCovered Bridge Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 109 BLDG N 2.482 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 2 AMEND
Census Tract531400
Assessed Land Value$27,815
Assessed Improvement Value$118,580
Assessment Year2025

About this property

Come see #109 at 5005 Georgi Ln! Lots of possibilities for this 2 bedroom, 2.5 bath unit located in the quiet complex of Covered Bridge. The charming community is filled with gracious live oak trees and offers two swimming pools, tennis courts, and a club house. The thoughtfully designed layout provides a dining area open to the kitchen, spacious living area with sliding glass doors to private, covered patio, storage area, half bath and wet bar on the first floor. Two spacious en-suite bedrooms with a balcony off the primary bedroom and laundry area located on the second floor. You have one assigned covered parking space that is steps from the unit. Easy access to Hwy 290, 610 and I-10 freeways, restaurants and shopping. This property conveys with wall unit, washer, dryer, refrigerator, electric oven/stovetop, microwave and dishwasher. You don't find this type of peaceful, green setting in newer properties. Great opportunity to make it your own. A little TLC needed. Come take a look!

Investor Tools

Property Icon
$156,000
Estimated Property Value
$122,853Estimated Mortgage Balance
$33,147Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$243/month
$456/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$146,395
2025
$27,815
$118,580
$146,395
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$146,395

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hancock Whitney Bank
Commercial
$123,750
No
First
Dec 5, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,853
$33,147
21%
79%
$742/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,198/mo
+$109/mo
10.1%

City: Houston

5005 Georgi Ln Apt 109 | Property Details | No Agent List