12606 Ashford Meadow Dr, Houston, TX 77082
2bd / 2ba · 1,068 sqft · built 1981 · Multi Family (MFR)Analyzed May 16, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
17.5%
Flip ROI
Cash to First Close
$24,000
what you bring day 1
Net Profit
$9,431
Max Bid @ 20%
$213,860
$9,431 profit ÷ $54,020 total invested = 17.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$244,249
Purchase (95% LTV)
$204,249
Rehab (100%)
$40,000
Loan-to-ARV
71.8%
Monthly Interest
$2,033/mo
Down Payment5% of $214,999 purchase
$10,750+
Origination Fee1 pts on $244,249 loan
$2,500+
Closing Costs5% of purchase
$10,750=
Cash to First Close
$24,000Holding Period — 6 Months
HML Interest9.99% IO · $2,033/mo × 6$12,200
Property Taxes$651/mo × 6$3,905
Insurance$212/mo × 6$1,275
HOA$1,440/mo × 6$8,640
Total Holding Costs$26,020
Contingency Reserve10% of rehab — held, not at first close$4,000
Sale Event — Second Close
Sale Price (ARV)
$340,000−
HML Principal Payofffull IO loan balance
$244,249−
Closing Costs3.5% of sale price
$11,900−
Realtor Commission6% of sale price
$20,400=
Net Proceeds to You
$63,451Deal Summary
Net Proceeds at Closing
$63,451−
Cash to First Close
$24,000−
Holding Costs (6 mo)
$26,020−
Contingency Reserve
$4,000=
NET PROFIT
$9,431Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $218,627 | ✓ ok |
| 15% | $216,226 | ✓ ok |
| 20% ← | $213,860 | −$1,139 |
| 25% | $211,527 | −$3,472 |
| 30% | $209,226 | −$5,773 |
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
1.224x
DSCR
Monthly Cash Flow
$383/mo
Cash-on-Cash Yr 1
13.7%
$33,572 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$244,249
Purchase (95% LTV)
$204,249
Rehab (100%)
$40,000
Loan-to-ARV
71.8%
Monthly Interest
$2,033/mo
Down Payment5% of $214,999 purchase
$10,750+
Origination Fee1 pts on $244,249 loan
$2,500+
Closing Costs5% of purchase
$10,750=
Cash to First Close
$24,000Holding Period — 2 Months
HML Interest9.99% IO · $2,033/mo × 2$4,067
Property Taxes$651/mo × 2$1,302
Insurance$212/mo × 2$425
HOA$1,440/mo × 2$2,880
Total Holding Costs$8,673
Contingency Reserve10% of rehab — held, not at first close$4,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$255,000−
HML Principal Payofffull IO loan balance
$244,249−
Origination Fee1 pts on $255,000
$2,550−
Closing Coststitle / appraisal / escrow
$5,100=
Cash Back to You
+$3,101Deal Summary
Cash to First Close
$24,000+
Holding Costs (2 mo)
$8,673+
Contingency Reserve
$4,000−
Cash Back at Refi
−$3,101=
Capital Left in Deal
$33,572Equity Position — Day 1 Post-Refi
ARV
$340,000−
DSCR Loan Balance
$255,000=
Equity in Property
$85,000 (25.0%)−
Capital Left in Deal
$33,572=
Value Created
$51,428$85,000 equity on $33,572 deployed = 2.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$5,000−
Property Taxes
$651−
Insurance
$212−
Maintenance (6% rent)
$300−
Management (6% rent)
$300−
HOA
$1,440=
OpEx Subtotal
$2,903=
Net Operating Income
$2,097−
DSCR P&I
$1,714/mo=
Net Cash Flow
$383/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$255,000
Monthly P&I$1,714/mo
Net Cash Flow$383/mo
Cash Back at Refi+$3,101
DSCR
1.224x✗ Fail
Lender DSCR
1.245x✓ Pass
No Cash-Out
74.1% LTV — breakeven refi
Loan Amount$251,803
Monthly P&I$1,692/mo
Net Cash Flow$405/mo
Cash Back at Refi+$0
DSCR
1.239x✗ Fail
Lender DSCR
1.251x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $4,565/mo | ✓ met |
| 1.10x | $4,759/mo | ✓ met |
| 1.20x | $4,954/mo | ✓ met |
| 1.30x ← | $5,149/mo | +$149 needed |
| 1.40x | $5,344/mo | +$344 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
1.224x
DSCR
Monthly Cash Flow
$383/mo
Cash-on-Cash Yr 1
17.0%
$27,005 left in deal
Acquisition Event — First Close
Purchase Price
$214,999+
Rehab Budget
$40,000+
Closing Costs5% of purchase
$10,750=
Total Cash to First Close
$265,749Holding Period — 2 Months
Property Taxes$651/mo × 2$1,302
Insurance$212/mo × 2$425
HOA$1,440/mo × 2$2,880
Total Holding Costs$4,606
Contingency Reserve10% of rehab — held, not at first close$4,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$255,000−
Origination Fee1 pts on $255,000
$2,550−
Closing Coststitle / appraisal / escrow
$5,100=
Net Cash Recovered
$247,350Deal Summary
Total Cash to First Close
$265,749+
Holding Costs (2 mo)
$4,606+
Contingency Reserve
$4,000−
Net Cash Recovered at Refi
$247,350=
Capital Left in Deal
$27,005Equity Position — Day 1 Post-Refi
ARV
$340,000−
DSCR Loan Balance
$255,000=
Equity in Property
$85,000 (25.0%)−
Capital Left in Deal
$27,005=
Value Created
$57,995$85,000 equity on $27,005 deployed = 3.1× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$5,000−
Property Taxes
$651−
Insurance
$212−
Maintenance (6% rent)
$300−
Management (6% rent)
$300−
HOA
$1,440=
OpEx Subtotal
$2,903=
Net Operating Income
$2,097−
DSCR P&I
$1,714/mo=
Net Cash Flow
$383/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$255,000
Monthly P&I$1,714/mo
Net Cash Flow$383/mo
Cash Still Required−$27,005
DSCR
1.224x✗ Fail
Lender DSCR
1.245x✓ Pass
No Cash-Out
75.0% LTV — capped short $27,005
Loan Amount$255,000
Monthly P&I$1,714/mo
Net Cash Flow$383/mo
Cash Still Required−$27,005
DSCR
1.224x✗ Fail
Lender DSCR
1.245x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $4,565/mo | ✓ met |
| 1.10x | $4,759/mo | ✓ met |
| 1.20x | $4,954/mo | ✓ met |
| 1.30x ← | $5,149/mo | +$149 needed |
| 1.40x | $5,344/mo | +$344 needed |