4415 Castor St, Houston, TX 77022
3bd / 2ba · 1,478 sqft · built 2016 · Single Family (SFR)Analyzed May 15, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
168.6%
Flip ROI
Cash to First Close
$19,650
what you bring day 1
Net Profit
$63,644
Max Bid @ 20%
$221,121
$63,644 profit ÷ $37,754 total invested = 168.6%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$192,727
Purchase (95% LTV)
$162,927
Rehab (100%)
$29,800
Loan-to-ARV
59.3%
Monthly Interest
$1,604/mo
Down Payment5% of $171,502 purchase
$8,575+
Origination Fee1 pts on $192,727 loan
$2,500+
Closing Costs5% of purchase
$8,575=
Cash to First Close
$19,650Holding Period — 6 Months
HML Interest9.99% IO · $1,604/mo × 6$9,627
Property Taxes$748/mo × 6$4,491
Insurance$168/mo × 6$1,007
Total Holding Costs$15,124
Contingency Reserve10% of rehab — held, not at first close$2,980
Sale Event — Second Close
Sale Price (ARV)
$325,000−
HML Principal Payofffull IO loan balance
$192,727−
Closing Costs3.5% of sale price
$11,375−
Realtor Commission6% of sale price
$19,500=
Net Proceeds to You
$101,398Deal Summary
Net Proceeds at Closing
$101,398−
Cash to First Close
$19,650−
Holding Costs (6 mo)
$15,124−
Contingency Reserve
$2,980=
NET PROFIT
$63,644Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $225,129 | ✓ ok |
| 15% | $223,110 | ✓ ok |
| 20% ← | $221,121 | ✓ ok |
| 25% | $219,159 | ✓ ok |
| 30% | $217,224 | ✓ 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
0.515x
DSCR
Monthly Cash Flow
−$794/mo
Cash-on-Cash Yr 1
N/A
−$16,039 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$192,727
Purchase (95% LTV)
$162,927
Rehab (100%)
$29,800
Loan-to-ARV
59.3%
Monthly Interest
$1,604/mo
Down Payment5% of $171,502 purchase
$8,575+
Origination Fee1 pts on $192,727 loan
$2,500+
Closing Costs5% of purchase
$8,575=
Cash to First Close
$19,650Holding Period — 2 Months
HML Interest9.99% IO · $1,604/mo × 2$3,209
Property Taxes$748/mo × 2$1,497
Insurance$168/mo × 2$336
Total Holding Costs$5,041
Contingency Reserve10% of rehab — held, not at first close$2,980
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$243,750−
HML Principal Payofffull IO loan balance
$192,727−
Origination Fee1 pts on $243,750
$2,438−
Closing Coststitle / appraisal / escrow
$4,875=
Cash Back to You
+$43,711Deal Summary
Cash to First Close
$19,650+
Holding Costs (2 mo)
$5,041+
Contingency Reserve
$2,980−
Cash Back at Refi
−$43,711=
Capital Left in Deal
−$16,039Equity Position — Day 1 Post-Refi
ARV
$325,000−
DSCR Loan Balance
$243,750=
Equity in Property
$81,250 (25.0%)−
Capital Left in Deal
−$16,039=
Value Created
$97,289Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,000−
Property Taxes
$748−
Insurance
$168−
Maintenance (6% rent)
$120−
Management (6% rent)
$120=
OpEx Subtotal
$1,156=
Net Operating Income
$844−
DSCR P&I
$1,638/mo=
Net Cash Flow
−$794/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$243,750
Monthly P&I$1,638/mo
Net Cash Flow−$794/mo
Cash Back at Refi+$43,711
DSCR
0.515x✗ Fail
Lender DSCR
0.783x✗ Fail
No Cash-Out
61.1% LTV — breakeven refi
Loan Amount$198,688
Monthly P&I$1,335/mo
Net Cash Flow−$491/mo
Cash Back at Refi+$0
DSCR
0.632x✗ Fail
Lender DSCR
0.888x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,903/mo | +$903 needed |
| 1.10x | $3,089/mo | +$1,089 needed |
| 1.20x | $3,275/mo | +$1,275 needed |
| 1.30x ← | $3,461/mo | +$1,461 needed |
| 1.40x | $3,647/mo | +$1,647 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
0.515x
DSCR
Monthly Cash Flow
−$794/mo
Cash-on-Cash Yr 1
N/A
−$21,748 left in deal
Acquisition Event — First Close
Purchase Price
$171,502+
Rehab Budget
$29,800+
Closing Costs5% of purchase
$8,575=
Total Cash to First Close
$209,877Holding Period — 2 Months
Property Taxes$748/mo × 2$1,497
Insurance$168/mo × 2$336
Total Holding Costs$1,832
Contingency Reserve10% of rehab — held, not at first close$2,980
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$243,750−
Origination Fee1 pts on $243,750
$2,438−
Closing Coststitle / appraisal / escrow
$4,875=
Net Cash Recovered
$236,438Deal Summary
Total Cash to First Close
$209,877+
Holding Costs (2 mo)
$1,832+
Contingency Reserve
$2,980−
Net Cash Recovered at Refi
$236,438=
Capital Left in Deal
−$21,748Equity Position — Day 1 Post-Refi
ARV
$325,000−
DSCR Loan Balance
$243,750=
Equity in Property
$81,250 (25.0%)−
Capital Left in Deal
−$21,748=
Value Created
$102,998Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,000−
Property Taxes
$748−
Insurance
$168−
Maintenance (6% rent)
$120−
Management (6% rent)
$120=
OpEx Subtotal
$1,156=
Net Operating Income
$844−
DSCR P&I
$1,638/mo=
Net Cash Flow
−$794/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$243,750
Monthly P&I$1,638/mo
Net Cash Flow−$794/mo
Cash Back at Refi+$21,748
DSCR
0.515x✗ Fail
Lender DSCR
0.783x✗ Fail
No Cash-Out
68.1% LTV — breakeven refi
Loan Amount$221,329
Monthly P&I$1,487/mo
Net Cash Flow−$644/mo
Cash Back at Refi+$0
DSCR
0.567x✗ Fail
Lender DSCR
0.832x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,903/mo | +$903 needed |
| 1.10x | $3,089/mo | +$1,089 needed |
| 1.20x | $3,275/mo | +$1,275 needed |
| 1.30x ← | $3,461/mo | +$1,461 needed |
| 1.40x | $3,647/mo | +$1,647 needed |