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$163,955

NAL Estimated Property Value

5005 Georgi Ln Apt 84, Houston, TX, 77092

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,298 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$115.56 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesStorage

Building Information

Year Built1974
Stories1

Land Information

APN1061530010084
SubdivisionCovered Bridge Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 84 BLDG K .0096 INT COMMON LAND & ELE COVERED BRIDGE CONDO PH 1
Census Tract531400
Assessed Land Value$31,151
Assessed Improvement Value$132,804
Assessment Year2025

About this property

Welcome to Covered Bridge Condos! This RARE downstairs 2 bedroom 2 bath unit is located in the first entry into the complex. It features granite countertops in the kitchen and both baths! Refrigerator, washer and dryer convey with the property! Elongated living room and adjoining dining room has ample space for all your furniture! Dining room is adjacent to the kitchen which makes it easy to entertain. The chef's kitchen has lots of counterspace, cabinets and a nice size pantry. Primary bedroom with ensuite bath that has been remodeled with a stand alone glass enclosed shower complete with seating in the shower! Covered Bridge is a quite complex with 2 pools, central mailboxes and a clubhouse that you can rent for those special occasions! The complex is also within walking distance to St. Ambrose Catholic Church and School (K-8), HISD High School and Elementary. Close to freeways, shopping and restraurants make this a wonderful place to live! Come by and see for yourself!

Investor Tools

Property Icon
$163,955
Estimated Property Value
$74,892Estimated Mortgage Balance
$89,063Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$984 /month
Positive
Cash Flow Estimate:
$328 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$81/month
$515/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$157
$163,955
2025
$31,151
$132,804
$163,955
No

Tax History

Year
Tax Paid
Assessed Value
2020
$157
$163,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$75,000
No
First
Apr 29, 2026
May 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,892
$89,063
54%
46%
$450/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$965/mo
+$342/mo
9.6%

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 84 | Property Details | No Agent List