1120 E 14th St, Houston, TX 77009
2bd / 1ba · 1,064 sqft · built 1926 · Single Family (SFR)Analyzed Jun 22, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-279.3%
Flip ROI
Cash to First Close
$46,050
what you bring day 1
Net Profit
−$296,738
Max Bid @ 20%
$122,125
−$296,738 profit ÷ $106,229 total invested = -279.3%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$604,999
Purchase (95% LTV)
$379,999
Rehab (100%)
$225,000
Loan-to-ARV
132.1%
Monthly Interest
$5,037/mo
Down Payment5% of $399,999 purchase
$20,000+
Origination Fee1 pts on $604,999 loan
$6,050+
Closing Costs5% of purchase
$20,000=
Cash to First Close
$46,050Holding Period — 6 Months
HML Interest9.99% IO · $5,037/mo × 6$30,220
Property Taxes$722/mo × 6$4,334
Insurance$521/mo × 6$3,125
Total Holding Costs$37,679
Contingency Reserve10% of rehab — held, not at first close$22,500
Sale Event — Second Close
Sale Price (ARV)
$458,000−
HML Principal Payofffull IO loan balance
$604,999−
Closing Costs3.5% of sale price
$16,030−
Realtor Commission6% of sale price
$27,480=
Net Proceeds to You
−$190,509Deal Summary
Net Proceeds at Closing
−$190,509−
Cash to First Close
$46,050−
Holding Costs (6 mo)
$37,679−
Contingency Reserve
$22,500=
NET PROFIT
−$296,738Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $127,552 | −$272,447 |
| 15% | $124,819 | −$275,180 |
| 20% ← | $122,125 | −$277,874 |
| 25% | $119,468 | −$280,531 |
| 30% | $116,849 | −$283,150 |
Scenario 2 — HM→DSCR
Hard money @ 9.99% IO → DSCR refi · 75% ARV · 7.1% / 30yr
❌
FAILS DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 75% of ARV
0.512x
DSCR
Monthly Cash Flow
−$1,127/mo
Cash-on-Cash Yr 1
-3.8%
$352,914 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$604,999
Purchase (95% LTV)
$379,999
Rehab (100%)
$225,000
Loan-to-ARV
132.1%
Monthly Interest
$5,037/mo
Down Payment5% of $399,999 purchase
$20,000+
Origination Fee1 pts on $604,999 loan
$6,050+
Closing Costs5% of purchase
$20,000=
Cash to First Close
$46,050Holding Period — 2 Months
HML Interest9.99% IO · $5,037/mo × 2$10,073
Property Taxes$722/mo × 2$1,445
Insurance$521/mo × 2$1,042
Total Holding Costs$12,560
Contingency Reserve10% of rehab — held, not at first close$22,500
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$343,500−
HML Principal Payofffull IO loan balance
$604,999−
Origination Fee1 pts on $343,500
$3,435−
Closing Coststitle / appraisal / escrow
$6,870=
Cash to Bring to Close
−$271,804Deal Summary
Cash to First Close
$46,050+
Holding Costs (2 mo)
$12,560+
Contingency Reserve
$22,500−
Cash to Bring at Refi
+$271,804=
Capital Left in Deal
$352,914Equity Position — Day 1 Post-Refi
ARV
$458,000−
DSCR Loan Balance
$343,500=
Equity in Property
$114,500 (25.0%)−
Capital Left in Deal
$352,914=
Value Created
−$238,414$114,500 equity on $352,914 deployed = 0.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,755−
Property Taxes
$722−
Insurance
$521−
Maintenance (6% rent)
$165−
Management (6% rent)
$165=
OpEx Subtotal
$1,574=
Net Operating Income
$1,181−
DSCR P&I
$2,308/mo=
Net Cash Flow
−$1,127/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$343,500
Monthly P&I$2,308/mo
Net Cash Flow−$1,127/mo
Cash Still Required−$271,804
DSCR
0.512x✗ Fail
Lender DSCR
0.776x✗ Fail
No Cash-Out
75.0% LTV — capped short $271,804
Loan Amount$343,500
Monthly P&I$2,308/mo
Net Cash Flow−$1,127/mo
Cash Still Required−$271,804
DSCR
0.512x✗ Fail
Lender DSCR
0.776x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $4,036/mo | +$1,281 needed |
| 1.10x | $4,298/mo | +$1,543 needed |
| 1.20x | $4,561/mo | +$1,806 needed |
| 1.30x ← | $4,823/mo | +$2,068 needed |
| 1.40x | $5,085/mo | +$2,330 needed |
Scenario 3 — Cash→DSCR
All-cash purchase → DSCR refi · 75% ARV · 7.1% / 30yr
❌
FAILS DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 75% of ARV
0.512x
DSCR
Monthly Cash Flow
−$1,127/mo
Cash-on-Cash Yr 1
-4.0%
$336,790 left in deal
Acquisition Event — First Close
Purchase Price
$399,999+
Rehab Budget
$225,000+
Closing Costs5% of purchase
$20,000=
Total Cash to First Close
$644,999Holding Period — 2 Months
Property Taxes$722/mo × 2$1,445
Insurance$521/mo × 2$1,042
Total Holding Costs$2,486
Contingency Reserve10% of rehab — held, not at first close$22,500
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$343,500−
Origination Fee1 pts on $343,500
$3,435−
Closing Coststitle / appraisal / escrow
$6,870=
Net Cash Recovered
$333,195Deal Summary
Total Cash to First Close
$644,999+
Holding Costs (2 mo)
$2,486+
Contingency Reserve
$22,500−
Net Cash Recovered at Refi
$333,195=
Capital Left in Deal
$336,790Equity Position — Day 1 Post-Refi
ARV
$458,000−
DSCR Loan Balance
$343,500=
Equity in Property
$114,500 (25.0%)−
Capital Left in Deal
$336,790=
Value Created
−$222,290$114,500 equity on $336,790 deployed = 0.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,755−
Property Taxes
$722−
Insurance
$521−
Maintenance (6% rent)
$165−
Management (6% rent)
$165=
OpEx Subtotal
$1,574=
Net Operating Income
$1,181−
DSCR P&I
$2,308/mo=
Net Cash Flow
−$1,127/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$343,500
Monthly P&I$2,308/mo
Net Cash Flow−$1,127/mo
Cash Still Required−$336,790
DSCR
0.512x✗ Fail
Lender DSCR
0.776x✗ Fail
No Cash-Out
75.0% LTV — capped short $336,790
Loan Amount$343,500
Monthly P&I$2,308/mo
Net Cash Flow−$1,127/mo
Cash Still Required−$336,790
DSCR
0.512x✗ Fail
Lender DSCR
0.776x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $4,036/mo | +$1,281 needed |
| 1.10x | $4,298/mo | +$1,543 needed |
| 1.20x | $4,561/mo | +$1,806 needed |
| 1.30x ← | $4,823/mo | +$2,068 needed |
| 1.40x | $5,085/mo | +$2,330 needed |