3727 Yosemite St, Houston, TX 77021
4bd / 2ba · 2,184 sqft · built 1940 · Single Family (SFR)Analyzed May 21, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-132.5%
Flip ROI
Cash to First Close
$19,000
what you bring day 1
Net Profit
−$53,747
Max Bid @ 20%
$111,185
−$53,747 profit ÷ $40,577 total invested = -132.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$226,750
Purchase (95% LTV)
$156,750
Rehab (100%)
$70,000
Loan-to-ARV
96.1%
Monthly Interest
$1,888/mo
Down Payment5% of $165,000 purchase
$8,250+
Origination Fee1 pts on $226,750 loan
$2,500+
Closing Costs5% of purchase
$8,250=
Cash to First Close
$19,000Holding Period — 6 Months
HML Interest9.99% IO · $1,888/mo × 6$11,326
Property Taxes$346/mo × 6$2,076
Insurance$196/mo × 6$1,175
Total Holding Costs$14,577
Contingency Reserve10% of rehab — held, not at first close$7,000
Sale Event — Second Close
Sale Price (ARV)
$236,000−
HML Principal Payofffull IO loan balance
$226,750−
Closing Costs3.5% of sale price
$8,260−
Realtor Commission6% of sale price
$14,160=
Net Proceeds to You
−$13,170Deal Summary
Net Proceeds at Closing
−$13,170−
Cash to First Close
$19,000−
Holding Costs (6 mo)
$14,577−
Contingency Reserve
$7,000=
NET PROFIT
−$53,747Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $113,988 | −$51,012 |
| 15% | $112,577 | −$52,423 |
| 20% ← | $111,185 | −$53,815 |
| 25% | $109,813 | −$55,187 |
| 30% | $108,460 | −$56,540 |
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
1.148x
DSCR
Monthly Cash Flow
$177/mo
Cash-on-Cash Yr 1
2.5%
$85,919 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$226,750
Purchase (95% LTV)
$156,750
Rehab (100%)
$70,000
Loan-to-ARV
96.1%
Monthly Interest
$1,888/mo
Down Payment5% of $165,000 purchase
$8,250+
Origination Fee1 pts on $226,750 loan
$2,500+
Closing Costs5% of purchase
$8,250=
Cash to First Close
$19,000Holding Period — 2 Months
HML Interest9.99% IO · $1,888/mo × 2$3,775
Property Taxes$346/mo × 2$692
Insurance$196/mo × 2$392
Total Holding Costs$4,859
Contingency Reserve10% of rehab — held, not at first close$7,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$177,000−
HML Principal Payofffull IO loan balance
$226,750−
Origination Fee1 pts on $177,000
$1,770−
Closing Coststitle / appraisal / escrow
$3,540=
Cash to Bring to Close
−$55,060Deal Summary
Cash to First Close
$19,000+
Holding Costs (2 mo)
$4,859+
Contingency Reserve
$7,000−
Cash to Bring at Refi
+$55,060=
Capital Left in Deal
$85,919Equity Position — Day 1 Post-Refi
ARV
$236,000−
DSCR Loan Balance
$177,000=
Equity in Property
$59,000 (25.0%)−
Capital Left in Deal
$85,919=
Value Created
−$26,919$59,000 equity on $85,919 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,168−
Property Taxes
$346−
Insurance
$196−
Maintenance (6% rent)
$130−
Management (6% rent)
$130=
OpEx Subtotal
$802=
Net Operating Income
$1,366−
DSCR P&I
$1,189/mo=
Net Cash Flow
$177/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$177,000
Monthly P&I$1,189/mo
Net Cash Flow$177/mo
Cash Still Required−$55,060
DSCR
1.148x✗ Fail
Lender DSCR
1.252x✓ Pass
No Cash-Out
75.0% LTV — capped short $55,060
Loan Amount$177,000
Monthly P&I$1,189/mo
Net Cash Flow$177/mo
Cash Still Required−$55,060
DSCR
1.148x✗ Fail
Lender DSCR
1.252x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,967/mo | ✓ met |
| 1.10x | $2,102/mo | ✓ met |
| 1.20x | $2,238/mo | +$70 needed |
| 1.30x ← | $2,373/mo | +$205 needed |
| 1.40x | $2,508/mo | +$340 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
1.148x
DSCR
Monthly Cash Flow
$177/mo
Cash-on-Cash Yr 1
2.7%
$79,644 left in deal
Acquisition Event — First Close
Purchase Price
$165,000+
Rehab Budget
$70,000+
Closing Costs5% of purchase
$8,250=
Total Cash to First Close
$243,250Holding Period — 2 Months
Property Taxes$346/mo × 2$692
Insurance$196/mo × 2$392
Total Holding Costs$1,084
Contingency Reserve10% of rehab — held, not at first close$7,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$177,000−
Origination Fee1 pts on $177,000
$1,770−
Closing Coststitle / appraisal / escrow
$3,540=
Net Cash Recovered
$171,690Deal Summary
Total Cash to First Close
$243,250+
Holding Costs (2 mo)
$1,084+
Contingency Reserve
$7,000−
Net Cash Recovered at Refi
$171,690=
Capital Left in Deal
$79,644Equity Position — Day 1 Post-Refi
ARV
$236,000−
DSCR Loan Balance
$177,000=
Equity in Property
$59,000 (25.0%)−
Capital Left in Deal
$79,644=
Value Created
−$20,643$59,000 equity on $79,644 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,168−
Property Taxes
$346−
Insurance
$196−
Maintenance (6% rent)
$130−
Management (6% rent)
$130=
OpEx Subtotal
$802=
Net Operating Income
$1,366−
DSCR P&I
$1,189/mo=
Net Cash Flow
$177/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$177,000
Monthly P&I$1,189/mo
Net Cash Flow$177/mo
Cash Still Required−$79,644
DSCR
1.148x✗ Fail
Lender DSCR
1.252x✓ Pass
No Cash-Out
75.0% LTV — capped short $79,644
Loan Amount$177,000
Monthly P&I$1,189/mo
Net Cash Flow$177/mo
Cash Still Required−$79,644
DSCR
1.148x✗ Fail
Lender DSCR
1.252x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,967/mo | ✓ met |
| 1.10x | $2,102/mo | ✓ met |
| 1.20x | $2,238/mo | +$70 needed |
| 1.30x ← | $2,373/mo | +$205 needed |
| 1.40x | $2,508/mo | +$340 needed |