3918 Eddie St, Houston, TX 77026
3bd / 1ba · 1,185 sqft · built 1940 · Single Family (SFR)Analyzed Jun 2, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
106.9%
Flip ROI
Cash to First Close
$8,500
what you bring day 1
Net Profit
$23,719
Max Bid @ 20%
$78,244
$23,719 profit ÷ $22,182 total invested = 106.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$116,999
Purchase (95% LTV)
$56,999
Rehab (100%)
$60,000
Loan-to-ARV
65.0%
Monthly Interest
$974/mo
Down Payment5% of $59,999 purchase
$3,000+
Origination Fee1 pts on $116,999 loan
$2,500+
Closing Costs5% of purchase
$3,000=
Cash to First Close
$8,500Holding Period — 6 Months
HML Interest9.99% IO · $974/mo × 6$5,844
Property Taxes$206/mo × 6$1,238
Insurance$100/mo × 6$600
Total Holding Costs$7,682
Contingency Reserve10% of rehab — held, not at first close$6,000
Sale Event — Second Close
Sale Price (ARV)
$180,000−
HML Principal Payofffull IO loan balance
$116,999−
Closing Costs3.5% of sale price
$6,300−
Realtor Commission6% of sale price
$10,800=
Net Proceeds to You
$45,901Deal Summary
Net Proceeds at Closing
$45,901−
Cash to First Close
$8,500−
Holding Costs (6 mo)
$7,682−
Contingency Reserve
$6,000=
NET PROFIT
$23,719Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $80,354 | ✓ ok |
| 15% | $79,292 | ✓ ok |
| 20% ← | $78,244 | ✓ ok |
| 25% | $77,211 | ✓ ok |
| 30% | $76,193 | ✓ 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
1.182x
DSCR
Monthly Cash Flow
$165/mo
Cash-on-Cash Yr 1
63.8%
$3,110 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$116,999
Purchase (95% LTV)
$56,999
Rehab (100%)
$60,000
Loan-to-ARV
65.0%
Monthly Interest
$974/mo
Down Payment5% of $59,999 purchase
$3,000+
Origination Fee1 pts on $116,999 loan
$2,500+
Closing Costs5% of purchase
$3,000=
Cash to First Close
$8,500Holding Period — 2 Months
HML Interest9.99% IO · $974/mo × 2$1,948
Property Taxes$206/mo × 2$413
Insurance$100/mo × 2$200
Total Holding Costs$2,561
Contingency Reserve10% of rehab — held, not at first close$6,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$135,000−
HML Principal Payofffull IO loan balance
$116,999−
Origination Fee1 pts on $135,000
$1,350−
Closing Coststitle / appraisal / escrow
$2,700=
Cash Back to You
+$13,951Deal Summary
Cash to First Close
$8,500+
Holding Costs (2 mo)
$2,561+
Contingency Reserve
$6,000−
Cash Back at Refi
−$13,951=
Capital Left in Deal
$3,110Equity Position — Day 1 Post-Refi
ARV
$180,000−
DSCR Loan Balance
$135,000=
Equity in Property
$45,000 (25.0%)−
Capital Left in Deal
$3,110=
Value Created
$41,890$45,000 equity on $3,110 deployed = 14.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,567−
Property Taxes
$206−
Insurance
$100−
Maintenance (6% rent)
$94−
Management (6% rent)
$94=
OpEx Subtotal
$494=
Net Operating Income
$1,073−
DSCR P&I
$907/mo=
Net Cash Flow
$165/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$135,000
Monthly P&I$907/mo
Net Cash Flow$165/mo
Cash Back at Refi+$13,951
DSCR
1.182x✗ Fail
Lender DSCR
1.291x✓ Pass
No Cash-Out
67.0% LTV — breakeven refi
Loan Amount$120,618
Monthly P&I$811/mo
Net Cash Flow$262/mo
Cash Back at Refi+$0
DSCR
1.323x✓ Pass
Lender DSCR
1.403x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,379/mo | ✓ met |
| 1.10x | $1,482/mo | ✓ met |
| 1.20x | $1,585/mo | +$18 needed |
| 1.30x ← | $1,688/mo | +$121 needed |
| 1.40x | $1,791/mo | +$224 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
1.182x
DSCR
Monthly Cash Flow
$165/mo
Cash-on-Cash Yr 1
N/A
−$1,338 left in deal
Acquisition Event — First Close
Purchase Price
$59,999+
Rehab Budget
$60,000+
Closing Costs5% of purchase
$3,000=
Total Cash to First Close
$122,999Holding Period — 2 Months
Property Taxes$206/mo × 2$413
Insurance$100/mo × 2$200
Total Holding Costs$613
Contingency Reserve10% of rehab — held, not at first close$6,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$135,000−
Origination Fee1 pts on $135,000
$1,350−
Closing Coststitle / appraisal / escrow
$2,700=
Net Cash Recovered
$130,950Deal Summary
Total Cash to First Close
$122,999+
Holding Costs (2 mo)
$613+
Contingency Reserve
$6,000−
Net Cash Recovered at Refi
$130,950=
Capital Left in Deal
−$1,338Equity Position — Day 1 Post-Refi
ARV
$180,000−
DSCR Loan Balance
$135,000=
Equity in Property
$45,000 (25.0%)−
Capital Left in Deal
−$1,338=
Value Created
$46,338Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,567−
Property Taxes
$206−
Insurance
$100−
Maintenance (6% rent)
$94−
Management (6% rent)
$94=
OpEx Subtotal
$494=
Net Operating Income
$1,073−
DSCR P&I
$907/mo=
Net Cash Flow
$165/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$135,000
Monthly P&I$907/mo
Net Cash Flow$165/mo
Cash Back at Refi+$1,338
DSCR
1.182x✗ Fail
Lender DSCR
1.291x✓ Pass
No Cash-Out
74.2% LTV — breakeven refi
Loan Amount$133,620
Monthly P&I$898/mo
Net Cash Flow$175/mo
Cash Back at Refi+$0
DSCR
1.195x✗ Fail
Lender DSCR
1.301x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,379/mo | ✓ met |
| 1.10x | $1,482/mo | ✓ met |
| 1.20x | $1,585/mo | +$18 needed |
| 1.30x ← | $1,688/mo | +$121 needed |
| 1.40x | $1,791/mo | +$224 needed |