5654 Grand Floral Blvd, Houston, TX 77041
4bd / 3.5ba · 4,917 sqft · built 2000 · Single Family (SFR)Analyzed May 22, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-55.0%
Flip ROI
Cash to First Close
$58,987
what you bring day 1
Net Profit
−$64,348
Max Bid @ 20%
$448,324
−$64,348 profit ÷ $116,974 total invested = -55.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$648,749
Purchase (95% LTV)
$498,749
Rehab (100%)
$150,000
Loan-to-ARV
83.7%
Monthly Interest
$5,401/mo
Down Payment5% of $524,999 purchase
$26,250+
Origination Fee1 pts on $648,749 loan
$6,487+
Closing Costs5% of purchase
$26,250=
Cash to First Close
$58,987Holding Period — 6 Months
HML Interest9.99% IO · $5,401/mo × 6$32,405
Property Taxes$1,201/mo × 6$7,207
Insurance$562/mo × 6$3,375
Total Holding Costs$42,987
Contingency Reserve10% of rehab — held, not at first close$15,000
Sale Event — Second Close
Sale Price (ARV)
$775,000−
HML Principal Payofffull IO loan balance
$648,749−
Closing Costs3.5% of sale price
$27,125−
Realtor Commission6% of sale price
$46,500=
Net Proceeds to You
$52,626Deal Summary
Net Proceeds at Closing
$52,626−
Cash to First Close
$58,987−
Holding Costs (6 mo)
$42,987−
Contingency Reserve
$15,000=
NET PROFIT
−$64,348Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $457,592 | −$67,407 |
| 15% | $452,925 | −$72,074 |
| 20% ← | $448,324 | −$76,675 |
| 25% | $443,788 | −$81,211 |
| 30% | $439,315 | −$85,684 |
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
0.488x
DSCR
Monthly Cash Flow
−$1,999/mo
Cash-on-Cash Yr 1
-13.8%
$173,253 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$648,749
Purchase (95% LTV)
$498,749
Rehab (100%)
$150,000
Loan-to-ARV
83.7%
Monthly Interest
$5,401/mo
Down Payment5% of $524,999 purchase
$26,250+
Origination Fee1 pts on $648,749 loan
$6,487+
Closing Costs5% of purchase
$26,250=
Cash to First Close
$58,987Holding Period — 2 Months
HML Interest9.99% IO · $5,401/mo × 2$10,802
Property Taxes$1,201/mo × 2$2,402
Insurance$562/mo × 2$1,125
Total Holding Costs$14,329
Contingency Reserve10% of rehab — held, not at first close$15,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$581,250−
HML Principal Payofffull IO loan balance
$648,749−
Origination Fee1 pts on $581,250
$5,813−
Closing Coststitle / appraisal / escrow
$11,625=
Cash to Bring to Close
−$84,937Deal Summary
Cash to First Close
$58,987+
Holding Costs (2 mo)
$14,329+
Contingency Reserve
$15,000−
Cash to Bring at Refi
+$84,937=
Capital Left in Deal
$173,253Equity Position — Day 1 Post-Refi
ARV
$775,000−
DSCR Loan Balance
$581,250=
Equity in Property
$193,750 (25.0%)−
Capital Left in Deal
$173,253=
Value Created
$20,497$193,750 equity on $173,253 deployed = 1.1× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$4,171−
Property Taxes
$1,201−
Insurance
$562−
Maintenance (6% rent)
$250−
Management (6% rent)
$250=
OpEx Subtotal
$2,264=
Net Operating Income
$1,907−
DSCR P&I
$3,906/mo=
Net Cash Flow
−$1,999/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$581,250
Monthly P&I$3,906/mo
Net Cash Flow−$1,999/mo
Cash Still Required−$84,937
DSCR
0.488x✗ Fail
Lender DSCR
0.736x✗ Fail
No Cash-Out
75.0% LTV — capped short $84,937
Loan Amount$581,250
Monthly P&I$3,906/mo
Net Cash Flow−$1,999/mo
Cash Still Required−$84,937
DSCR
0.488x✗ Fail
Lender DSCR
0.736x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $6,443/mo | +$2,272 needed |
| 1.10x | $6,887/mo | +$2,716 needed |
| 1.20x | $7,331/mo | +$3,160 needed |
| 1.30x ← | $7,775/mo | +$3,604 needed |
| 1.40x | $8,218/mo | +$4,047 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
0.488x
DSCR
Monthly Cash Flow
−$1,999/mo
Cash-on-Cash Yr 1
-15.4%
$155,964 left in deal
Acquisition Event — First Close
Purchase Price
$524,999+
Rehab Budget
$150,000+
Closing Costs5% of purchase
$26,250=
Total Cash to First Close
$701,249Holding Period — 2 Months
Property Taxes$1,201/mo × 2$2,402
Insurance$562/mo × 2$1,125
Total Holding Costs$3,527
Contingency Reserve10% of rehab — held, not at first close$15,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$581,250−
Origination Fee1 pts on $581,250
$5,813−
Closing Coststitle / appraisal / escrow
$11,625=
Net Cash Recovered
$563,813Deal Summary
Total Cash to First Close
$701,249+
Holding Costs (2 mo)
$3,527+
Contingency Reserve
$15,000−
Net Cash Recovered at Refi
$563,813=
Capital Left in Deal
$155,964Equity Position — Day 1 Post-Refi
ARV
$775,000−
DSCR Loan Balance
$581,250=
Equity in Property
$193,750 (25.0%)−
Capital Left in Deal
$155,964=
Value Created
$37,786$193,750 equity on $155,964 deployed = 1.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$4,171−
Property Taxes
$1,201−
Insurance
$562−
Maintenance (6% rent)
$250−
Management (6% rent)
$250=
OpEx Subtotal
$2,264=
Net Operating Income
$1,907−
DSCR P&I
$3,906/mo=
Net Cash Flow
−$1,999/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$581,250
Monthly P&I$3,906/mo
Net Cash Flow−$1,999/mo
Cash Still Required−$155,964
DSCR
0.488x✗ Fail
Lender DSCR
0.736x✗ Fail
No Cash-Out
75.0% LTV — capped short $155,964
Loan Amount$581,250
Monthly P&I$3,906/mo
Net Cash Flow−$1,999/mo
Cash Still Required−$155,964
DSCR
0.488x✗ Fail
Lender DSCR
0.736x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $6,443/mo | +$2,272 needed |
| 1.10x | $6,887/mo | +$2,716 needed |
| 1.20x | $7,331/mo | +$3,160 needed |
| 1.30x ← | $7,775/mo | +$3,604 needed |
| 1.40x | $8,218/mo | +$4,047 needed |