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$153,000

5005 Georgi Ln Apt 24, Houston, TX, 77092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,424 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.26 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Exterior FeaturesCourtyard, Balcony

Building Information

Year Built1974
Stories1

Land Information

APN1061530010024
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 24 BLDG D .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$28,517
Assessed Improvement Value$121,574
Assessment Year2025

About this property

You will love Covered Bridge Condominiums where neighbors are like family! This 3 bedroom 2 bath GROUND FLOOR unit is centrally located and near one of the 2 complex pools surrounded by mature trees and birds chirping. Kitchen and both bathrooms have brand NEW QUARTZ COUNTERTOPS, fresh paint & additional updates throughout. The primary bedroom has a jetted tub/shower combo and walk in closet with separate entry to enclosed patio. The secondary bath has a remodeled, oversized shower. with new vanity and sink. The 3 bedrooms are cozy with sizable closets. The condo features a private, tiled patio with a storage closet. Each resident is assigned 1 covered parking space with lots of uncovered spaces for your guests. Central mail box. Perks included in your rent = trash pick up outside your door 3 days a week, grounds upkeep, water/sewer bills and exterior maintenance of the buildings. Refrigerator, Washer and Dryer are included. Room measurements are approximate.

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
$86/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$261
$150,091
2025
$28,517
$121,574
$150,091
No

Tax History

Year
Tax Paid
Assessed Value
2020
$261
$150,091

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$155,000
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 24 | Property Details | No Agent List