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Owner Contacts

$159,000

NAL Estimated Property Value

5005 Georgi Ln Apt 200, Houston, TX, 77092

Off Market

2 Beds

3 Bath

1,460 Sq Ft

Condos / Townhouses

$123.29 / sqft

Built in 1974

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesElectric Oven, Electric Range, Free-Standing Range, Oven

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1974

Stories2

Land Information

APN1096620000006

SubdivisionCovered Bridge Condo Ph 4

Land UseResidential

Legal DescriptionUNIT 200 BLDG W 2.4288 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 4 AMEND

Census Tract531400

Assessed Land Value$28,171

Assessed Improvement Value$120,095

Assessment Year2025

About this property

Wonder 2 bedroom, 2.5 bath unit located in the quiet complex of Covered Bridge! This unit features manufactured hardwood floors upstairs and in the living areas downstairs. Spacious room sizes include a great kitchen to prepare meals, large living area for all your furniture and wonder size bedrooms upstairs. Tile floors in the kitchen and eating areas. Beautiful half bath downstiars and 2 full baths upstairs. Each of the bedrooms feature an ensuite full bath and lots of closet space. Unit backs up to green space in this quite complex. Easy access to major freeways and eating establishments. Walking distance to St. Ambrose Catholic Church and School (K-8) and HISD high school and elementary. Check this unit out today! You will love it!

Investor Tools

$159,000

Estimated Property Value

$133,041Estimated Mortgage Balance

$25,959Estimated Equity

15% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,080 /month

Positive

Cash Flow Estimate:

$360 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$92/month

$455/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$308

$148,266

2025

$28,171

$120,095

$148,266

Tax History

Year

Tax Paid

Assessed Value

2020

$308

$148,266

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$138,000

First

May 14, 2024

Jun 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$133,041

$24,959

15%

84%

$828/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,283/mo

+$24/mo

9.9%

Learn About the Market: Opportunity in Houston

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