39Days on Market

1view

$140,000

5005 Georgi Ln Apt 161, Houston, TX, 77092

On Market

2 Beds

2 Bath

1,460 Sq Ft

Condos / Townhouses

$95.89 / sqft

Built in 1974

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Range, Free-Standing Range, Refrigerator, Dishwasher, Oven

FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesStorage, Balcony

Building Information

Year Built1974

Stories2

Land Information

APN1092950000008

SubdivisionCovered Bridge Condo Ph 3

Land UseResidential

Legal DescriptionUNIT 161 BLDG S 2.391 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 3 AMEND

Census Tract531400

Assessed Land Value$27,815

Assessed Improvement Value$118,580

Assessment Year2025

About this property

This interior unit located in Covered Bridge is move in ready! All living area is downstairs with 1/2 bath. Both bedrooms are upstairs and both feature ensuite baths and great closet space! Remodeled kitchen with ample counter space, white appliances and lots of cabinets. Easy access to the dining and living area for easy entertaining! Fresh paint through out! This complex has easy access to Hwy 290 and 610 Loop and W 34th and W 43rd Streets. Lots of new restaurants in the area. Walking distance to St. Ambrose Catholic Church and School (K-8) and HISD Elementary and High School! Amenities for the complex are central mail boxes, 2 pools, and clubhouse for rental. This quiet complex is waiting for you!

Investor Tools

$36,667Estimated Mortgage Balance

$112,333Estimated Equity

75% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$894 /month

Positive

Cash Flow Estimate:

$298 /month

Interested in this property?

Deborah Kotzur

RE/MAX Signature

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$325/month

$550/month

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

Tax History

Year

Tax Paid

Assessed Value

2024

$3,155

$146,395

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Citibank Na

Conventional

$52,491

First

Apr 19, 2013

May 2043

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$36,667

$112,333

75%

25%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$550/mo

+$757/mo

10.5%

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