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$202,354

NAL Estimated Property Value

5005 Georgi Ln Apt 214, Houston, TX, 77092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,570 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$117.83 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built1974
Stories2

Land Information

APN1096640000001
SubdivisionCovered Bridge Condo Ph 4
Land UseResidential
Legal DescriptionUNIT 214 BLDG Y 2.8635 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 4 AMEND
Census Tract531400
Assessed Land Value$38,447
Assessed Improvement Value$163,907
Assessment Year2025

About this property

You will fall in love with this wonderful unit in an equally wonderful complex! No expense was spared in the total remodel as you can see from the pictures! Kitchen opens to living & dining areas. Both bedrooms upstairs have full baths & large closets. Downstairs bedroom would make a great 3rd bedroom, home office, gym, computer area or play area for the kiddos! 1/2 bath downstairs is perfect for your guest when you entertain a& includes fresh paint, new pedistal sink and new flooring! Unbelievable primary bath complete with walk in shower, glass front shower doors, subway tile & cabinets that look like an antique piece of furniture! Even the secondary bath upstairs has been redone including removing walls to make the space bigger & better! Unit has recent blown in insulation & fresh paint. New condensor in 2017! Complex is located within walking distance of St. Ambrose Catholic Church & School (K-8) and HISD Elementary & High School. Complex features 2 pools & central mailbox!

Investor Tools

Property Icon
$202,354
Estimated Property Value
$142,599Estimated Mortgage Balance
$59,755Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,214 /month
Positive
Cash Flow Estimate:
$405 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
$391/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,560
$202,354
2025
$38,447
$163,907
$202,354
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,560
$202,354

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keller Mortgage Llc
Conventional
$156,750
No
First
Aug 26, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,599
$59,755
29%
70%
$940/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,331/mo
+$391/mo
10.2%

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 214 | Property Details | No Agent List