10106 Olentangy St, Houston, TX 77075
3bd / 1.5ba · 1,731 sqft · built 1956 · Single Family (SFR)Analyzed Jul 18, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-15.3%
Flip ROI
Cash to First Close
$19,045
what you bring day 1
Net Profit
−$5,085
Max Bid @ 20%
$144,818
−$5,085 profit ÷ $33,270 total invested = -15.3%
Acquisition Event — First Close
Hard Money Loan — 9.5% Interest-Only
Loan Amount
$177,250
Purchase (95% LTV)
$147,250
Rehab (100%)
$30,000
Loan-to-ARV
78.1%
Monthly Interest
$1,403/mo
Down Payment5% of $155,000 purchase
$7,750+
Origination Fee2 pts on $177,250 loan
$3,545+
Closing Costs5% of purchase
$7,750=
Cash to First Close
$19,045Holding Period — 6 Months
HML Interest9.5% IO · $1,403/mo × 6$8,419
Property Taxes$313/mo × 6$1,881
Insurance$154/mo × 6$925
Total Holding Costs$11,225
Contingency Reserve10% of rehab — held, not at first close$3,000
Sale Event — Second Close
Sale Price (ARV)
$227,000−
HML Principal Payofffull IO loan balance
$177,250−
Closing Costs3.5% of sale price
$7,945−
Realtor Commission6% of sale price
$13,620=
Net Proceeds to You
$28,185Deal Summary
Net Proceeds at Closing
$28,185−
Cash to First Close
$19,045−
Holding Costs (6 mo)
$11,225−
Contingency Reserve
$3,000=
NET PROFIT
−$5,085Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $147,595 | −$7,405 |
| 15% | $146,197 | −$8,803 |
| 20% ← | $144,818 | −$10,182 |
| 25% | $143,460 | −$11,540 |
| 30% | $142,122 | −$12,878 |
Scenario 2 — HM→DSCR
Hard money @ 9.5% IO → DSCR refi · 75% ARV · 6.5% / 30yr
❌
FAILS DSCR
Min 1.30x · 6.5% / 30-yr DSCR · 75% of ARV
1.064x
DSCR
Monthly Cash Flow
$68/mo
Cash-on-Cash Yr 1
1.7%
$47,080 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.5% Interest-Only
Loan Amount
$177,250
Purchase (95% LTV)
$147,250
Rehab (100%)
$30,000
Loan-to-ARV
78.1%
Monthly Interest
$1,403/mo
Down Payment5% of $155,000 purchase
$7,750+
Origination Fee2 pts on $177,250 loan
$3,545+
Closing Costs5% of purchase
$7,750=
Cash to First Close
$19,045Holding Period — 6 Months
HML Interest9.5% IO · $1,403/mo × 6$8,419
Property Taxes$313/mo × 6$1,881
Insurance$154/mo × 6$925
Total Holding Costs$11,225
Contingency Reserve10% of rehab — held, not at first close$3,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 6.5% / 30yr
$170,250−
HML Principal Payofffull IO loan balance
$177,250−
Origination Fee2 pts on $170,250
$3,405−
Closing Coststitle / appraisal / escrow
$3,405=
Cash to Bring to Close
−$13,810Deal Summary
Cash to First Close
$19,045+
Holding Costs (6 mo)
$11,225+
Contingency Reserve
$3,000−
Cash to Bring at Refi
+$13,810=
Capital Left in Deal
$47,080Equity Position — Day 1 Post-Refi
ARV
$227,000−
DSCR Loan Balance
$170,250=
Equity in Property
$56,750 (25.0%)−
Capital Left in Deal
$47,080=
Value Created
$9,670$56,750 equity on $47,080 deployed = 1.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,832−
Property Taxes
$313−
Insurance
$154−
Maintenance (6% rent)
$110−
Management (6% rent)
$110=
OpEx Subtotal
$687=
Net Operating Income
$1,145−
DSCR P&I
$1,076/mo=
Net Cash Flow
$68/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$170,250
Monthly P&I$1,076/mo
Net Cash Flow$68/mo
Cash Still Required−$13,810
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
No Cash-Out
75.0% LTV — capped short $13,810
Loan Amount$170,250
Monthly P&I$1,076/mo
Net Cash Flow$68/mo
Cash Still Required−$13,810
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,754/mo | ✓ met |
| 1.10x | $1,876/mo | +$44 needed |
| 1.20x | $1,999/mo | +$167 needed |
| 1.30x ← | $2,121/mo | +$289 needed |
| 1.40x | $2,243/mo | +$411 needed |
Scenario 3 — Cash→DSCR
All-cash purchase → DSCR refi · 75% ARV · 6.5% / 30yr
❌
FAILS DSCR
Min 1.30x · 6.5% / 30-yr DSCR · 75% of ARV
1.064x
DSCR
Monthly Cash Flow
$68/mo
Cash-on-Cash Yr 1
2.3%
$35,116 left in deal
Acquisition Event — First Close
Purchase Price
$155,000+
Rehab Budget
$30,000+
Closing Costs5% of purchase
$7,750=
Total Cash to First Close
$192,750Holding Period — 6 Months
Property Taxes$313/mo × 6$1,881
Insurance$154/mo × 6$925
Total Holding Costs$2,806
Contingency Reserve10% of rehab — held, not at first close$3,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 6.5% / 30yr
$170,250−
Origination Fee2 pts on $170,250
$3,405−
Closing Coststitle / appraisal / escrow
$3,405=
Net Cash Recovered
$163,440Deal Summary
Total Cash to First Close
$192,750+
Holding Costs (6 mo)
$2,806+
Contingency Reserve
$3,000−
Net Cash Recovered at Refi
$163,440=
Capital Left in Deal
$35,116Equity Position — Day 1 Post-Refi
ARV
$227,000−
DSCR Loan Balance
$170,250=
Equity in Property
$56,750 (25.0%)−
Capital Left in Deal
$35,116=
Value Created
$21,635$56,750 equity on $35,116 deployed = 1.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,832−
Property Taxes
$313−
Insurance
$154−
Maintenance (6% rent)
$110−
Management (6% rent)
$110=
OpEx Subtotal
$687=
Net Operating Income
$1,145−
DSCR P&I
$1,076/mo=
Net Cash Flow
$68/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$170,250
Monthly P&I$1,076/mo
Net Cash Flow$68/mo
Cash Still Required−$35,116
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
No Cash-Out
75.0% LTV — capped short $35,116
Loan Amount$170,250
Monthly P&I$1,076/mo
Net Cash Flow$68/mo
Cash Still Required−$35,116
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,754/mo | ✓ met |
| 1.10x | $1,876/mo | +$44 needed |
| 1.20x | $1,999/mo | +$167 needed |
| 1.30x ← | $2,121/mo | +$289 needed |
| 1.40x | $2,243/mo | +$411 needed |