23114 Biddle Dr, Porter, TX 77365
4bd / 3.5ba · 3,065 sqft · built 2014 · Single Family (SFR)Analyzed Jun 1, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
10.6%
Flip ROI
Cash to First Close
$30,905
what you bring day 1
Net Profit
$5,876
Max Bid @ 20%
$275,435
$5,876 profit ÷ $55,216 total invested = 10.6%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$290,953
Purchase (95% LTV)
$265,953
Rehab (100%)
$25,000
Loan-to-ARV
74.8%
Monthly Interest
$2,422/mo
Down Payment5% of $279,950 purchase
$13,998+
Origination Fee1 pts on $290,953 loan
$2,910+
Closing Costs5% of purchase
$13,998=
Cash to First Close
$30,905Holding Period — 6 Months
HML Interest9.99% IO · $2,422/mo × 6$14,533
Property Taxes$959/mo × 6$5,754
Insurance$254/mo × 6$1,525
Total Holding Costs$21,812
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$389,000−
HML Principal Payofffull IO loan balance
$290,953−
Closing Costs3.5% of sale price
$13,615−
Realtor Commission6% of sale price
$23,340=
Net Proceeds to You
$61,093Deal Summary
Net Proceeds at Closing
$61,093−
Cash to First Close
$30,905−
Holding Costs (6 mo)
$21,812−
Contingency Reserve
$2,500=
NET PROFIT
$5,876Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $280,264 | ✓ ok |
| 15% | $277,832 | −$2,118 |
| 20% ← | $275,435 | −$4,515 |
| 25% | $273,071 | −$6,879 |
| 30% | $270,740 | −$9,210 |
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
0.404x
DSCR
Monthly Cash Flow
−$1,168/mo
Cash-on-Cash Yr 1
-28.8%
$48,630 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$290,953
Purchase (95% LTV)
$265,953
Rehab (100%)
$25,000
Loan-to-ARV
74.8%
Monthly Interest
$2,422/mo
Down Payment5% of $279,950 purchase
$13,998+
Origination Fee1 pts on $290,953 loan
$2,910+
Closing Costs5% of purchase
$13,998=
Cash to First Close
$30,905Holding Period — 2 Months
HML Interest9.99% IO · $2,422/mo × 2$4,844
Property Taxes$959/mo × 2$1,918
Insurance$254/mo × 2$508
Total Holding Costs$7,271
Contingency Reserve10% of rehab — held, not at first close$2,500
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$291,750−
HML Principal Payofffull IO loan balance
$290,953−
Origination Fee1 pts on $291,750
$2,918−
Closing Coststitle / appraisal / escrow
$5,835=
Cash to Bring to Close
−$7,955Deal Summary
Cash to First Close
$30,905+
Holding Costs (2 mo)
$7,271+
Contingency Reserve
$2,500−
Cash to Bring at Refi
+$7,955=
Capital Left in Deal
$48,630Equity Position — Day 1 Post-Refi
ARV
$389,000−
DSCR Loan Balance
$291,750=
Equity in Property
$97,250 (25.0%)−
Capital Left in Deal
$48,630=
Value Created
$48,620$97,250 equity on $48,630 deployed = 2.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,279−
Property Taxes
$959−
Insurance
$254−
Maintenance (6% rent)
$137−
Management (6% rent)
$137=
OpEx Subtotal
$1,487=
Net Operating Income
$792−
DSCR P&I
$1,961/mo=
Net Cash Flow
−$1,168/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$291,750
Monthly P&I$1,961/mo
Net Cash Flow−$1,168/mo
Cash Still Required−$7,955
DSCR
0.404x✗ Fail
Lender DSCR
0.718x✗ Fail
No Cash-Out
75.0% LTV — capped short $7,955
Loan Amount$291,750
Monthly P&I$1,961/mo
Net Cash Flow−$1,168/mo
Cash Still Required−$7,955
DSCR
0.404x✗ Fail
Lender DSCR
0.718x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $3,607/mo | +$1,328 needed |
| 1.10x | $3,829/mo | +$1,550 needed |
| 1.20x | $4,052/mo | +$1,773 needed |
| 1.30x ← | $4,275/mo | +$1,996 needed |
| 1.40x | $4,498/mo | +$2,219 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
0.404x
DSCR
Monthly Cash Flow
−$1,168/mo
Cash-on-Cash Yr 1
-34.3%
$40,876 left in deal
Acquisition Event — First Close
Purchase Price
$279,950+
Rehab Budget
$25,000+
Closing Costs5% of purchase
$13,998=
Total Cash to First Close
$318,948Holding Period — 2 Months
Property Taxes$959/mo × 2$1,918
Insurance$254/mo × 2$508
Total Holding Costs$2,426
Contingency Reserve10% of rehab — held, not at first close$2,500
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$291,750−
Origination Fee1 pts on $291,750
$2,918−
Closing Coststitle / appraisal / escrow
$5,835=
Net Cash Recovered
$282,998Deal Summary
Total Cash to First Close
$318,948+
Holding Costs (2 mo)
$2,426+
Contingency Reserve
$2,500−
Net Cash Recovered at Refi
$282,998=
Capital Left in Deal
$40,876Equity Position — Day 1 Post-Refi
ARV
$389,000−
DSCR Loan Balance
$291,750=
Equity in Property
$97,250 (25.0%)−
Capital Left in Deal
$40,876=
Value Created
$56,374$97,250 equity on $40,876 deployed = 2.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,279−
Property Taxes
$959−
Insurance
$254−
Maintenance (6% rent)
$137−
Management (6% rent)
$137=
OpEx Subtotal
$1,487=
Net Operating Income
$792−
DSCR P&I
$1,961/mo=
Net Cash Flow
−$1,168/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$291,750
Monthly P&I$1,961/mo
Net Cash Flow−$1,168/mo
Cash Still Required−$40,876
DSCR
0.404x✗ Fail
Lender DSCR
0.718x✗ Fail
No Cash-Out
75.0% LTV — capped short $40,876
Loan Amount$291,750
Monthly P&I$1,961/mo
Net Cash Flow−$1,168/mo
Cash Still Required−$40,876
DSCR
0.404x✗ Fail
Lender DSCR
0.718x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $3,607/mo | +$1,328 needed |
| 1.10x | $3,829/mo | +$1,550 needed |
| 1.20x | $4,052/mo | +$1,773 needed |
| 1.30x ← | $4,275/mo | +$1,996 needed |
| 1.40x | $4,498/mo | +$2,219 needed |