606 Moose Dr, Crosby, TX 77532
2bd / 1ba · 1,200 sqft · built 1970 · Single Family (SFR)Analyzed May 23, 2026$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-321.5%
Flip ROI
Cash to First Close
$28,700
what you bring day 1
Net Profit
−$139,274
Max Bid @ 20%
$132,735
−$139,274 profit ÷ $43,319 total invested = -321.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$248,900
Purchase (95% LTV)
$248,900
Loan-to-ARV
147.3%
Monthly Interest
$2,072/mo
Down Payment5% of $262,000 purchase
$13,100+
Origination Fee1 pts on $248,900 loan
$2,500+
Closing Costs5% of purchase
$13,100=
Cash to First Close
$28,700Holding Period — 6 Months
HML Interest9.99% IO · $2,072/mo × 6$12,433
Property Taxes$146/mo × 6$876
Insurance$218/mo × 6$1,310
Total Holding Costs$14,619
Sale Event — Second Close
Sale Price (ARV)
$169,000−
HML Principal Payofffull IO loan balance
$248,900−
Closing Costs3.5% of sale price
$5,915−
Realtor Commission6% of sale price
$10,140=
Net Proceeds to You
−$95,955Deal Summary
Net Proceeds at Closing
−$95,955−
Cash to First Close
$28,700−
Holding Costs (6 mo)
$14,619=
NET PROFIT
−$139,274Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $134,718 | −$127,282 |
| 15% | $133,719 | −$128,281 |
| 20% ← | $132,735 | −$129,265 |
| 25% | $131,764 | −$130,236 |
| 30% | $130,807 | −$131,193 |
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
1.011x
DSCR
Monthly Cash Flow
$10/mo
Cash-on-Cash Yr 1
0.1%
$159,525 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$248,900
Purchase (95% LTV)
$248,900
Loan-to-ARV
147.3%
Monthly Interest
$2,072/mo
Down Payment5% of $262,000 purchase
$13,100+
Origination Fee1 pts on $248,900 loan
$2,500+
Closing Costs5% of purchase
$13,100=
Cash to First Close
$28,700Holding Period — 2 Months
HML Interest9.99% IO · $2,072/mo × 2$4,144
Property Taxes$146/mo × 2$292
Insurance$218/mo × 2$437
Total Holding Costs$4,873
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$126,750−
HML Principal Payofffull IO loan balance
$248,900−
Origination Fee1 pts on $126,750
$1,268−
Closing Coststitle / appraisal / escrow
$2,535=
Cash to Bring to Close
−$125,953Deal Summary
Cash to First Close
$28,700+
Holding Costs (2 mo)
$4,873−
Cash to Bring at Refi
+$125,953=
Capital Left in Deal
$159,525Equity Position — Day 1 Post-Refi
ARV
$169,000−
DSCR Loan Balance
$126,750=
Equity in Property
$42,250 (25.0%)−
Capital Left in Deal
$159,525=
Value Created
−$117,275$42,250 equity on $159,525 deployed = 0.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,393−
Property Taxes
$146−
Insurance
$218−
Maintenance (6% rent)
$84−
Management (6% rent)
$84=
OpEx Subtotal
$531=
Net Operating Income
$862−
DSCR P&I
$852/mo=
Net Cash Flow
$10/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$126,750
Monthly P&I$852/mo
Net Cash Flow$10/mo
Cash Still Required−$125,953
DSCR
1.011x✗ Fail
Lender DSCR
1.145x✓ Pass
No Cash-Out
75.0% LTV — capped short $125,953
Loan Amount$126,750
Monthly P&I$852/mo
Net Cash Flow$10/mo
Cash Still Required−$125,953
DSCR
1.011x✗ Fail
Lender DSCR
1.145x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,382/mo | ✓ met |
| 1.10x | $1,479/mo | +$86 needed |
| 1.20x | $1,576/mo | +$183 needed |
| 1.30x ← | $1,672/mo | +$279 needed |
| 1.40x | $1,769/mo | +$376 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
1.011x
DSCR
Monthly Cash Flow
$10/mo
Cash-on-Cash Yr 1
0.1%
$152,881 left in deal
Acquisition Event — First Close
Purchase Price
$262,000+
Closing Costs5% of purchase
$13,100=
Total Cash to First Close
$275,100Holding Period — 2 Months
Property Taxes$146/mo × 2$292
Insurance$218/mo × 2$437
Total Holding Costs$729
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$126,750−
Origination Fee1 pts on $126,750
$1,268−
Closing Coststitle / appraisal / escrow
$2,535=
Net Cash Recovered
$122,948Deal Summary
Total Cash to First Close
$275,100+
Holding Costs (2 mo)
$729−
Net Cash Recovered at Refi
$122,948=
Capital Left in Deal
$152,881Equity Position — Day 1 Post-Refi
ARV
$169,000−
DSCR Loan Balance
$126,750=
Equity in Property
$42,250 (25.0%)−
Capital Left in Deal
$152,881=
Value Created
−$110,631$42,250 equity on $152,881 deployed = 0.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,393−
Property Taxes
$146−
Insurance
$218−
Maintenance (6% rent)
$84−
Management (6% rent)
$84=
OpEx Subtotal
$531=
Net Operating Income
$862−
DSCR P&I
$852/mo=
Net Cash Flow
$10/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$126,750
Monthly P&I$852/mo
Net Cash Flow$10/mo
Cash Still Required−$152,881
DSCR
1.011x✗ Fail
Lender DSCR
1.145x✓ Pass
No Cash-Out
75.0% LTV — capped short $152,881
Loan Amount$126,750
Monthly P&I$852/mo
Net Cash Flow$10/mo
Cash Still Required−$152,881
DSCR
1.011x✗ Fail
Lender DSCR
1.145x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,382/mo | ✓ met |
| 1.10x | $1,479/mo | +$86 needed |
| 1.20x | $1,576/mo | +$183 needed |
| 1.30x ← | $1,672/mo | +$279 needed |
| 1.40x | $1,769/mo | +$376 needed |