21418 Wildcroft Dr, Katy, TX 77449
4bd / 2.5ba · 2,706 sqft · built 1993 · Single Family (SFR)Analyzed Jun 10, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-109.0%
Flip ROI
Cash to First Close
$26,880
what you bring day 1
Net Profit
−$57,327
Max Bid @ 20%
$180,711
−$57,327 profit ÷ $52,593 total invested = -109.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$287,999
Purchase (95% LTV)
$227,999
Rehab (100%)
$60,000
Loan-to-ARV
92.0%
Monthly Interest
$2,398/mo
Down Payment5% of $239,999 purchase
$12,000+
Origination Fee1 pts on $287,999 loan
$2,880+
Closing Costs5% of purchase
$12,000=
Cash to First Close
$26,880Holding Period — 6 Months
HML Interest9.99% IO · $2,398/mo × 6$14,386
Property Taxes$638/mo × 6$3,828
Insurance$250/mo × 6$1,500
Total Holding Costs$19,714
Contingency Reserve10% of rehab — held, not at first close$6,000
Sale Event — Second Close
Sale Price (ARV)
$313,000−
HML Principal Payofffull IO loan balance
$287,999−
Closing Costs3.5% of sale price
$10,955−
Realtor Commission6% of sale price
$18,780=
Net Proceeds to You
−$4,734Deal Summary
Net Proceeds at Closing
−$4,734−
Cash to First Close
$26,880−
Holding Costs (6 mo)
$19,714−
Contingency Reserve
$6,000=
NET PROFIT
−$57,327Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $184,521 | −$55,478 |
| 15% | $182,603 | −$57,396 |
| 20% ← | $180,711 | −$59,288 |
| 25% | $178,845 | −$61,154 |
| 30% | $177,006 | −$62,993 |
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
0.672x
DSCR
Monthly Cash Flow
−$517/mo
Cash-on-Cash Yr 1
-6.2%
$99,743 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$287,999
Purchase (95% LTV)
$227,999
Rehab (100%)
$60,000
Loan-to-ARV
92.0%
Monthly Interest
$2,398/mo
Down Payment5% of $239,999 purchase
$12,000+
Origination Fee1 pts on $287,999 loan
$2,880+
Closing Costs5% of purchase
$12,000=
Cash to First Close
$26,880Holding Period — 2 Months
HML Interest9.99% IO · $2,398/mo × 2$4,795
Property Taxes$638/mo × 2$1,276
Insurance$250/mo × 2$500
Total Holding Costs$6,571
Contingency Reserve10% of rehab — held, not at first close$6,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$234,750−
HML Principal Payofffull IO loan balance
$287,999−
Origination Fee1 pts on $234,750
$2,348−
Closing Coststitle / appraisal / escrow
$4,695=
Cash to Bring to Close
−$60,292Deal Summary
Cash to First Close
$26,880+
Holding Costs (2 mo)
$6,571+
Contingency Reserve
$6,000−
Cash to Bring at Refi
+$60,292=
Capital Left in Deal
$99,743Equity Position — Day 1 Post-Refi
ARV
$313,000−
DSCR Loan Balance
$234,750=
Equity in Property
$78,250 (25.0%)−
Capital Left in Deal
$99,743=
Value Created
−$21,493$78,250 equity on $99,743 deployed = 0.8× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,214−
Property Taxes
$638−
Insurance
$250−
Maintenance (6% rent)
$133−
Management (6% rent)
$133=
OpEx Subtotal
$1,154=
Net Operating Income
$1,060−
DSCR P&I
$1,578/mo=
Net Cash Flow
−$517/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$234,750
Monthly P&I$1,578/mo
Net Cash Flow−$517/mo
Cash Still Required−$60,292
DSCR
0.672x✗ Fail
Lender DSCR
0.898x✗ Fail
No Cash-Out
75.0% LTV — capped short $60,292
Loan Amount$234,750
Monthly P&I$1,578/mo
Net Cash Flow−$517/mo
Cash Still Required−$60,292
DSCR
0.672x✗ Fail
Lender DSCR
0.898x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,802/mo | +$588 needed |
| 1.10x | $2,981/mo | +$767 needed |
| 1.20x | $3,160/mo | +$946 needed |
| 1.30x ← | $3,340/mo | +$1,126 needed |
| 1.40x | $3,519/mo | +$1,305 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
0.672x
DSCR
Monthly Cash Flow
−$517/mo
Cash-on-Cash Yr 1
-6.7%
$92,067 left in deal
Acquisition Event — First Close
Purchase Price
$239,999+
Rehab Budget
$60,000+
Closing Costs5% of purchase
$12,000=
Total Cash to First Close
$311,999Holding Period — 2 Months
Property Taxes$638/mo × 2$1,276
Insurance$250/mo × 2$500
Total Holding Costs$1,776
Contingency Reserve10% of rehab — held, not at first close$6,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$234,750−
Origination Fee1 pts on $234,750
$2,348−
Closing Coststitle / appraisal / escrow
$4,695=
Net Cash Recovered
$227,708Deal Summary
Total Cash to First Close
$311,999+
Holding Costs (2 mo)
$1,776+
Contingency Reserve
$6,000−
Net Cash Recovered at Refi
$227,708=
Capital Left in Deal
$92,067Equity Position — Day 1 Post-Refi
ARV
$313,000−
DSCR Loan Balance
$234,750=
Equity in Property
$78,250 (25.0%)−
Capital Left in Deal
$92,067=
Value Created
−$13,817$78,250 equity on $92,067 deployed = 0.8× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,214−
Property Taxes
$638−
Insurance
$250−
Maintenance (6% rent)
$133−
Management (6% rent)
$133=
OpEx Subtotal
$1,154=
Net Operating Income
$1,060−
DSCR P&I
$1,578/mo=
Net Cash Flow
−$517/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$234,750
Monthly P&I$1,578/mo
Net Cash Flow−$517/mo
Cash Still Required−$92,067
DSCR
0.672x✗ Fail
Lender DSCR
0.898x✗ Fail
No Cash-Out
75.0% LTV — capped short $92,067
Loan Amount$234,750
Monthly P&I$1,578/mo
Net Cash Flow−$517/mo
Cash Still Required−$92,067
DSCR
0.672x✗ Fail
Lender DSCR
0.898x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,802/mo | +$588 needed |
| 1.10x | $2,981/mo | +$767 needed |
| 1.20x | $3,160/mo | +$946 needed |
| 1.30x ← | $3,340/mo | +$1,126 needed |
| 1.40x | $3,519/mo | +$1,305 needed |