207 Knox St, Houston, TX 77007
3bd / 3.5ba · 2,325 sqft · built 2002 · 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
-38.2%
Flip ROI
Cash to First Close
$44,300
what you bring day 1
Net Profit
−$30,099
Max Bid @ 20%
$359,916
−$30,099 profit ÷ $78,845 total invested = -38.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$429,999
Purchase (95% LTV)
$379,999
Rehab (100%)
$50,000
Loan-to-ARV
81.3%
Monthly Interest
$3,580/mo
Down Payment5% of $399,999 purchase
$20,000+
Origination Fee1 pts on $429,999 loan
$4,300+
Closing Costs5% of purchase
$20,000=
Cash to First Close
$44,300Holding Period — 6 Months
HML Interest9.99% IO · $3,580/mo × 6$21,478
Property Taxes$970/mo × 6$5,817
Insurance$375/mo × 6$2,250
Total Holding Costs$29,545
Contingency Reserve10% of rehab — held, not at first close$5,000
Sale Event — Second Close
Sale Price (ARV)
$529,000−
HML Principal Payofffull IO loan balance
$429,999−
Closing Costs3.5% of sale price
$18,515−
Realtor Commission6% of sale price
$31,740=
Net Proceeds to You
$48,746Deal Summary
Net Proceeds at Closing
$48,746−
Cash to First Close
$44,300−
Holding Costs (6 mo)
$29,545−
Contingency Reserve
$5,000=
NET PROFIT
−$30,099Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $366,330 | −$33,669 |
| 15% | $363,100 | −$36,899 |
| 20% ← | $359,916 | −$40,083 |
| 25% | $356,777 | −$43,222 |
| 30% | $353,682 | −$46,317 |
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
0.627x
DSCR
Monthly Cash Flow
−$993/mo
Cash-on-Cash Yr 1
-11.4%
$104,300 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$429,999
Purchase (95% LTV)
$379,999
Rehab (100%)
$50,000
Loan-to-ARV
81.3%
Monthly Interest
$3,580/mo
Down Payment5% of $399,999 purchase
$20,000+
Origination Fee1 pts on $429,999 loan
$4,300+
Closing Costs5% of purchase
$20,000=
Cash to First Close
$44,300Holding Period — 2 Months
HML Interest9.99% IO · $3,580/mo × 2$7,159
Property Taxes$970/mo × 2$1,939
Insurance$375/mo × 2$750
Total Holding Costs$9,848
Contingency Reserve10% of rehab — held, not at first close$5,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$396,750−
HML Principal Payofffull IO loan balance
$429,999−
Origination Fee1 pts on $396,750
$3,968−
Closing Coststitle / appraisal / escrow
$7,935=
Cash to Bring to Close
−$45,152Deal Summary
Cash to First Close
$44,300+
Holding Costs (2 mo)
$9,848+
Contingency Reserve
$5,000−
Cash to Bring at Refi
+$45,152=
Capital Left in Deal
$104,300Equity Position — Day 1 Post-Refi
ARV
$529,000−
DSCR Loan Balance
$396,750=
Equity in Property
$132,250 (25.0%)−
Capital Left in Deal
$104,300=
Value Created
$27,950$132,250 equity on $104,300 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$3,429−
Property Taxes
$970−
Insurance
$375−
Maintenance (6% rent)
$206−
Management (6% rent)
$206=
OpEx Subtotal
$1,756=
Net Operating Income
$1,673−
DSCR P&I
$2,666/mo=
Net Cash Flow
−$993/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$396,750
Monthly P&I$2,666/mo
Net Cash Flow−$993/mo
Cash Still Required−$45,152
DSCR
0.627x✗ Fail
Lender DSCR
0.855x✗ Fail
No Cash-Out
75.0% LTV — capped short $45,152
Loan Amount$396,750
Monthly P&I$2,666/mo
Net Cash Flow−$993/mo
Cash Still Required−$45,152
DSCR
0.627x✗ Fail
Lender DSCR
0.855x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $4,558/mo | +$1,129 needed |
| 1.10x | $4,861/mo | +$1,432 needed |
| 1.20x | $5,164/mo | +$1,735 needed |
| 1.30x ← | $5,467/mo | +$2,038 needed |
| 1.40x | $5,770/mo | +$2,341 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
0.627x
DSCR
Monthly Cash Flow
−$993/mo
Cash-on-Cash Yr 1
-12.8%
$92,840 left in deal
Acquisition Event — First Close
Purchase Price
$399,999+
Rehab Budget
$50,000+
Closing Costs5% of purchase
$20,000=
Total Cash to First Close
$469,999Holding Period — 2 Months
Property Taxes$970/mo × 2$1,939
Insurance$375/mo × 2$750
Total Holding Costs$2,689
Contingency Reserve10% of rehab — held, not at first close$5,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$396,750−
Origination Fee1 pts on $396,750
$3,968−
Closing Coststitle / appraisal / escrow
$7,935=
Net Cash Recovered
$384,848Deal Summary
Total Cash to First Close
$469,999+
Holding Costs (2 mo)
$2,689+
Contingency Reserve
$5,000−
Net Cash Recovered at Refi
$384,848=
Capital Left in Deal
$92,840Equity Position — Day 1 Post-Refi
ARV
$529,000−
DSCR Loan Balance
$396,750=
Equity in Property
$132,250 (25.0%)−
Capital Left in Deal
$92,840=
Value Created
$39,410$132,250 equity on $92,840 deployed = 1.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$3,429−
Property Taxes
$970−
Insurance
$375−
Maintenance (6% rent)
$206−
Management (6% rent)
$206=
OpEx Subtotal
$1,756=
Net Operating Income
$1,673−
DSCR P&I
$2,666/mo=
Net Cash Flow
−$993/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$396,750
Monthly P&I$2,666/mo
Net Cash Flow−$993/mo
Cash Still Required−$92,840
DSCR
0.627x✗ Fail
Lender DSCR
0.855x✗ Fail
No Cash-Out
75.0% LTV — capped short $92,840
Loan Amount$396,750
Monthly P&I$2,666/mo
Net Cash Flow−$993/mo
Cash Still Required−$92,840
DSCR
0.627x✗ Fail
Lender DSCR
0.855x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $4,558/mo | +$1,129 needed |
| 1.10x | $4,861/mo | +$1,432 needed |
| 1.20x | $5,164/mo | +$1,735 needed |
| 1.30x ← | $5,467/mo | +$2,038 needed |
| 1.40x | $5,770/mo | +$2,341 needed |