3535 Nasa Pkwy #18, Seabrook, TX 77586
2bd / 2ba · 1,107 sqft · built 1978 · Condo/TownhomeAnalyzed Jun 19, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
131.7%
Flip ROI
Cash to First Close
$9,500
what you bring day 1
Net Profit
$23,877
Max Bid @ 20%
$89,409
$23,877 profit ÷ $18,134 total invested = 131.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$86,499
Purchase (95% LTV)
$66,499
Rehab (100%)
$20,000
Loan-to-ARV
60.9%
Monthly Interest
$720/mo
Down Payment5% of $69,999 purchase
$3,500+
Origination Fee1 pts on $86,499 loan
$2,500+
Closing Costs5% of purchase
$3,500=
Cash to First Close
$9,500Holding Period — 6 Months
HML Interest9.99% IO · $720/mo × 6$4,321
Property Taxes$311/mo × 6$1,864
Insurance$75/mo × 6$450
Total Holding Costs$6,634
Contingency Reserve10% of rehab — held, not at first close$2,000
Sale Event — Second Close
Sale Price (ARV)
$142,000−
HML Principal Payofffull IO loan balance
$86,499−
Closing Costs3.5% of sale price
$4,970−
Realtor Commission6% of sale price
$8,520=
Net Proceeds to You
$42,011Deal Summary
Net Proceeds at Closing
$42,011−
Cash to First Close
$9,500−
Holding Costs (6 mo)
$6,634−
Contingency Reserve
$2,000=
NET PROFIT
$23,877Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $91,151 | ✓ ok |
| 15% | $90,274 | ✓ ok |
| 20% ← | $89,409 | ✓ ok |
| 25% | $88,557 | ✓ ok |
| 30% | $87,717 | ✓ 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
1.010x
DSCR
Monthly Cash Flow
$8/mo
Cash-on-Cash Yr 1
N/A
−$3,095 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$86,499
Purchase (95% LTV)
$66,499
Rehab (100%)
$20,000
Loan-to-ARV
60.9%
Monthly Interest
$720/mo
Down Payment5% of $69,999 purchase
$3,500+
Origination Fee1 pts on $86,499 loan
$2,500+
Closing Costs5% of purchase
$3,500=
Cash to First Close
$9,500Holding Period — 2 Months
HML Interest9.99% IO · $720/mo × 2$1,440
Property Taxes$311/mo × 2$621
Insurance$75/mo × 2$150
Total Holding Costs$2,211
Contingency Reserve10% of rehab — held, not at first close$2,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$106,500−
HML Principal Payofffull IO loan balance
$86,499−
Origination Fee1 pts on $106,500
$1,065−
Closing Coststitle / appraisal / escrow
$2,130=
Cash Back to You
+$16,806Deal Summary
Cash to First Close
$9,500+
Holding Costs (2 mo)
$2,211+
Contingency Reserve
$2,000−
Cash Back at Refi
−$16,806=
Capital Left in Deal
−$3,095Equity Position — Day 1 Post-Refi
ARV
$142,000−
DSCR Loan Balance
$106,500=
Equity in Property
$35,500 (25.0%)−
Capital Left in Deal
−$3,095=
Value Created
$38,595Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,260−
Property Taxes
$311−
Insurance
$75−
Maintenance (6% rent)
$76−
Management (6% rent)
$76=
OpEx Subtotal
$537=
Net Operating Income
$723−
DSCR P&I
$716/mo=
Net Cash Flow
$8/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$106,500
Monthly P&I$716/mo
Net Cash Flow$8/mo
Cash Back at Refi+$16,806
DSCR
1.010x✗ Fail
Lender DSCR
1.144x✓ Pass
No Cash-Out
62.8% LTV — breakeven refi
Loan Amount$89,174
Monthly P&I$599/mo
Net Cash Flow$124/mo
Cash Back at Refi+$0
DSCR
1.207x✗ Fail
Lender DSCR
1.279x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,251/mo | ✓ met |
| 1.10x | $1,333/mo | +$73 needed |
| 1.20x | $1,414/mo | +$154 needed |
| 1.30x ← | $1,495/mo | +$235 needed |
| 1.40x | $1,577/mo | +$317 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
1.010x
DSCR
Monthly Cash Flow
$8/mo
Cash-on-Cash Yr 1
N/A
−$7,035 left in deal
Acquisition Event — First Close
Purchase Price
$69,999+
Rehab Budget
$20,000+
Closing Costs5% of purchase
$3,500=
Total Cash to First Close
$93,499Holding Period — 2 Months
Property Taxes$311/mo × 2$621
Insurance$75/mo × 2$150
Total Holding Costs$771
Contingency Reserve10% of rehab — held, not at first close$2,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$106,500−
Origination Fee1 pts on $106,500
$1,065−
Closing Coststitle / appraisal / escrow
$2,130=
Net Cash Recovered
$103,305Deal Summary
Total Cash to First Close
$93,499+
Holding Costs (2 mo)
$771+
Contingency Reserve
$2,000−
Net Cash Recovered at Refi
$103,305=
Capital Left in Deal
−$7,035Equity Position — Day 1 Post-Refi
ARV
$142,000−
DSCR Loan Balance
$106,500=
Equity in Property
$35,500 (25.0%)−
Capital Left in Deal
−$7,035=
Value Created
$42,535Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,260−
Property Taxes
$311−
Insurance
$75−
Maintenance (6% rent)
$76−
Management (6% rent)
$76=
OpEx Subtotal
$537=
Net Operating Income
$723−
DSCR P&I
$716/mo=
Net Cash Flow
$8/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$106,500
Monthly P&I$716/mo
Net Cash Flow$8/mo
Cash Back at Refi+$7,035
DSCR
1.010x✗ Fail
Lender DSCR
1.144x✓ Pass
No Cash-Out
69.9% LTV — breakeven refi
Loan Amount$99,248
Monthly P&I$667/mo
Net Cash Flow$56/mo
Cash Back at Refi+$0
DSCR
1.084x✗ Fail
Lender DSCR
1.197x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,251/mo | ✓ met |
| 1.10x | $1,333/mo | +$73 needed |
| 1.20x | $1,414/mo | +$154 needed |
| 1.30x ← | $1,495/mo | +$235 needed |
| 1.40x | $1,577/mo | +$317 needed |