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$157,000

5005 Georgi Ln Apt 120, Houston, TX, 77092

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,460 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.03 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1974
Stories2

Land Information

APN1087720010006
SubdivisionCovered Bridge Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 120 BLDG O 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

Completely renovated condo 2 Bedroom, 2.5 bathroom, stainless steel appliances and granite countertops. Beautiful kitchen open to dining. Laminate floors. Include washer and dryer. This Oak Forest community includes 2 swimming pools, tennis court. Easy parking as your parking is in front of your unit, there is also extra parking space available, Trash pick up 3 times a week. Walkin distance to HISD High school and elementary. Close to the major HWY, minutes away from Galleria and Downtown. DID NOT FLOOD

Investor Tools

Property Icon
$157,000
Estimated Property Value
$0Estimated Mortgage Balance
$157,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$942 /month
Positive
Cash Flow Estimate:
$314 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$328/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,155
$146,395
2025
$27,815
$118,580
$146,395
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,155
$146,395

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$157,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
10.0%

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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