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$153,000

NAL Estimated Property Value

5005 Georgi Ln Apt 18, Houston, TX, 77092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,424 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Oven
FlooringLaminate, Tile

Building Information

Year Built1974
Stories1

Land Information

APN1061530010018
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 18 BLDG C .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$25,665
Assessed Improvement Value$109,413
Assessment Year2025

About this property

Beautifully remodeled 3 bedroom, bath downstairs unit! No detail was over looked when this unit was remodeled! Ample storage space, lots of cabinets & quartz counter space in the kitchen. Kitchen is open to living area making entertaining easy & fun! Enjoy your early mornings while drinking your coffee on your back screened porch which also features an oversized storage closet. Al bedrooms have plenty of square footage & good closet space. Primary bedroom features access to the back paito via Fench doors. Primary bath with large soaking/jetted tube & huge walk in closet! The location of this unit is ideal as it is walking distance to the central mail room & one of the 2 complex swimming pools! Like having a pool in the backyard but without the hassle or expense! Walking distance to St. Ambrose Catholic Church & School (K-8), HISD high school & elementary. This quiet complex provides easy access to major freeways, shopping & restraurants. 1 covered parking space for tenant.

Investor Tools

Property Icon
$153,000
Estimated Property Value
$0Estimated Mortgage Balance
$153,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$918 /month
Positive
Cash Flow Estimate:
$306 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,234
$135,078
2025
$25,665
$109,413
$135,078
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,234
$135,078

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$158,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
13.5%

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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5005 Georgi Ln Apt 18 | Property Details | No Agent List