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$157,000

NAL Estimated Property Value

5005 Georgi Ln Apt 76, Houston, TX, 77092

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,460 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$92.47 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1974
Stories2

Land Information

APN1061530010076
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 76 BLDG J .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$25,224
Assessed Improvement Value$107,536
Assessment Year2025

About this property

Come see #76 at 5005 Georgi Ln! Hard wood floors greet you upon your arrival and the downstairs feels bright and open! Two large bedrooms provide enough space for a family and the affordability is unmatched! Covered Bridge Condos are a quiet, well maintained community with 2 pools and tennis courts. Great accessibility to 610 & 290 and just minutes away from the Galleria! Washer, Dryer & Fridge included. Home did NOT FLOOD during Harvey! HOA Fees cover exterior of building, flood insurance, hazard insurance, maintenance of grounds, recreation facilities, pool, trash, water and sewer! Come see this home soon! It won't last long!

Investor Tools

Property Icon
$157,000
Estimated Property Value
$122,700Estimated Mortgage Balance
$34,300Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$942 /month
Positive
Cash Flow Estimate:
$314 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,675
$132,760
2025
$25,224
$107,536
$132,760
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,675
$132,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Conventional
$133,860
No
First
Dec 10, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,700
$34,300
21%
78%
$803/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,128/mo
+$179/mo
10.0%

Learn About the Market: Opportunity in Houston

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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 76 | Property Details | No Agent List