16607 Parkridge Ct, Houston, TX 77053
2bd / 2ba · 1,141 sqft · built 1982 · Multi Family (MFR)Analyzed May 28, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
111.9%
Flip ROI
Cash to First Close
$12,000
what you bring day 1
Net Profit
$24,361
Max Bid @ 20%
$113,929
$24,361 profit ÷ $21,764 total invested = 111.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$112,250
Purchase (95% LTV)
$90,250
Rehab (100%)
$22,000
Loan-to-ARV
64.1%
Monthly Interest
$934/mo
Down Payment5% of $95,000 purchase
$4,750+
Origination Fee1 pts on $112,250 loan
$2,500+
Closing Costs5% of purchase
$4,750=
Cash to First Close
$12,000Holding Period — 6 Months
HML Interest9.99% IO · $934/mo × 6$5,607
Property Taxes$229/mo × 6$1,373
Insurance$98/mo × 6$585
Total Holding Costs$7,564
Contingency Reserve10% of rehab — held, not at first close$2,200
Sale Event — Second Close
Sale Price (ARV)
$175,000−
HML Principal Payofffull IO loan balance
$112,250−
Closing Costs3.5% of sale price
$6,125−
Realtor Commission6% of sale price
$10,500=
Net Proceeds to You
$46,125Deal Summary
Net Proceeds at Closing
$46,125−
Cash to First Close
$12,000−
Holding Costs (6 mo)
$7,564−
Contingency Reserve
$2,200=
NET PROFIT
$24,361Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $116,007 | ✓ ok |
| 15% | $114,961 | ✓ ok |
| 20% ← | $113,929 | ✓ ok |
| 25% | $112,911 | ✓ ok |
| 30% | $111,908 | ✓ ok |
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
1.024x
DSCR
Monthly Cash Flow
$21/mo
Cash-on-Cash Yr 1
15.2%
$1,659 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$112,250
Purchase (95% LTV)
$90,250
Rehab (100%)
$22,000
Loan-to-ARV
64.1%
Monthly Interest
$934/mo
Down Payment5% of $95,000 purchase
$4,750+
Origination Fee1 pts on $112,250 loan
$2,500+
Closing Costs5% of purchase
$4,750=
Cash to First Close
$12,000Holding Period — 2 Months
HML Interest9.99% IO · $934/mo × 2$1,869
Property Taxes$229/mo × 2$458
Insurance$98/mo × 2$195
Total Holding Costs$2,521
Contingency Reserve10% of rehab — held, not at first close$2,200
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$131,250−
HML Principal Payofffull IO loan balance
$112,250−
Origination Fee1 pts on $131,250
$1,313−
Closing Coststitle / appraisal / escrow
$2,625=
Cash Back to You
+$15,063Deal Summary
Cash to First Close
$12,000+
Holding Costs (2 mo)
$2,521+
Contingency Reserve
$2,200−
Cash Back at Refi
−$15,063=
Capital Left in Deal
$1,659Equity Position — Day 1 Post-Refi
ARV
$175,000−
DSCR Loan Balance
$131,250=
Equity in Property
$43,750 (25.0%)−
Capital Left in Deal
$1,659=
Value Created
$42,091$43,750 equity on $1,659 deployed = 26.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,397−
Property Taxes
$229−
Insurance
$98−
Maintenance (6% rent)
$84−
Management (6% rent)
$84=
OpEx Subtotal
$494=
Net Operating Income
$903−
DSCR P&I
$882/mo=
Net Cash Flow
$21/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$131,250
Monthly P&I$882/mo
Net Cash Flow$21/mo
Cash Back at Refi+$15,063
DSCR
1.024x✗ Fail
Lender DSCR
1.156x✓ Pass
No Cash-Out
66.1% LTV — breakeven refi
Loan Amount$115,722
Monthly P&I$778/mo
Net Cash Flow$125/mo
Cash Back at Refi+$0
DSCR
1.161x✗ Fail
Lender DSCR
1.265x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,373/mo | ✓ met |
| 1.10x | $1,473/mo | +$76 needed |
| 1.20x | $1,574/mo | +$177 needed |
| 1.30x ← | $1,674/mo | +$277 needed |
| 1.40x | $1,774/mo | +$377 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
1.024x
DSCR
Monthly Cash Flow
$21/mo
Cash-on-Cash Yr 1
N/A
−$2,710 left in deal
Acquisition Event — First Close
Purchase Price
$95,000+
Rehab Budget
$22,000+
Closing Costs5% of purchase
$4,750=
Total Cash to First Close
$121,750Holding Period — 2 Months
Property Taxes$229/mo × 2$458
Insurance$98/mo × 2$195
Total Holding Costs$653
Contingency Reserve10% of rehab — held, not at first close$2,200
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$131,250−
Origination Fee1 pts on $131,250
$1,313−
Closing Coststitle / appraisal / escrow
$2,625=
Net Cash Recovered
$127,313Deal Summary
Total Cash to First Close
$121,750+
Holding Costs (2 mo)
$653+
Contingency Reserve
$2,200−
Net Cash Recovered at Refi
$127,313=
Capital Left in Deal
−$2,710Equity Position — Day 1 Post-Refi
ARV
$175,000−
DSCR Loan Balance
$131,250=
Equity in Property
$43,750 (25.0%)−
Capital Left in Deal
−$2,710=
Value Created
$46,460Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,397−
Property Taxes
$229−
Insurance
$98−
Maintenance (6% rent)
$84−
Management (6% rent)
$84=
OpEx Subtotal
$494=
Net Operating Income
$903−
DSCR P&I
$882/mo=
Net Cash Flow
$21/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$131,250
Monthly P&I$882/mo
Net Cash Flow$21/mo
Cash Back at Refi+$2,710
DSCR
1.024x✗ Fail
Lender DSCR
1.156x✓ Pass
No Cash-Out
73.4% LTV — breakeven refi
Loan Amount$128,456
Monthly P&I$863/mo
Net Cash Flow$40/mo
Cash Back at Refi+$0
DSCR
1.046x✗ Fail
Lender DSCR
1.174x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,373/mo | ✓ met |
| 1.10x | $1,473/mo | +$76 needed |
| 1.20x | $1,574/mo | +$177 needed |
| 1.30x ← | $1,674/mo | +$277 needed |
| 1.40x | $1,774/mo | +$377 needed |