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$173,182

5005 Georgi Ln Apt 42, 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 Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1974
Stories1
Garage Spaces1

Land Information

APN1061530010042
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 42 BLDG F .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$32,905
Assessed Improvement Value$140,277
Assessment Year2025

About this property

Step into this beautifully appointed 3-bedroom, 2-bathroom downstairs unit, where comfort and convenience blend seamlessly. The spacious layout offers generous square footage in all bedrooms, each designed with ample closet space to meet your needs. The primary bedroom features direct access to a private patio, perfect for morning coffee or evening relaxation, along with an en-suite bath and walk-in closet. The kitchen and living areas are complemented by abundant cabinetry, ensuring plenty of storage options. A highlight of this home is the expansive back porch, complete with an oversized storage closet, ideal for outdoor gear or seasonal items. This unit is just a short stroll from the community swimming pool, and HISD High school & elementary. This quiet complex provides easy access to major freeways, shoping and restaurants. one cover parking space for tenant

Investor Tools

Property Icon
$173,182
Estimated Property Value
$0Estimated Mortgage Balance
$173,182Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,039 /month
Positive
Cash Flow Estimate:
$346 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,661
$173,182
2025
$32,905
$140,277
$173,182
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,661
$173,182

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$173,182
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
11.9%

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 42 | Property Details | No Agent List