6200 W Tidwell Rd, Houston, TX 77092
3bd / 2ba · 1,274 sqft · built 1974 · Condo/TownhomeAnalyzed Jun 25, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
20.5%
Flip ROI
Cash to First Close
$6,500
what you bring day 1
Net Profit
$2,762
Max Bid @ 20%
$42,172
$2,762 profit ÷ $13,494 total invested = 20.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$47,999
Purchase (95% LTV)
$37,999
Rehab (100%)
$10,000
Loan-to-ARV
67.6%
Monthly Interest
$400/mo
Down Payment5% of $39,999 purchase
$2,000+
Origination Fee1 pts on $47,999 loan
$2,500+
Closing Costs5% of purchase
$2,000=
Cash to First Close
$6,500Holding Period — 6 Months
HML Interest9.99% IO · $400/mo × 6$2,398
Property Taxes$108/mo × 6$647
Insurance$42/mo × 6$250
HOA$450/mo × 6$2,700
Total Holding Costs$5,995
Contingency Reserve10% of rehab — held, not at first close$1,000
Sale Event — Second Close
Sale Price (ARV)
$71,000−
HML Principal Payofffull IO loan balance
$47,999−
Closing Costs3.5% of sale price
$2,485−
Realtor Commission6% of sale price
$4,260=
Net Proceeds to You
$16,256Deal Summary
Net Proceeds at Closing
$16,256−
Cash to First Close
$6,500−
Holding Costs (6 mo)
$5,995−
Contingency Reserve
$1,000=
NET PROFIT
$2,762Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $43,220 | ✓ ok |
| 15% | $42,692 | ✓ ok |
| 20% ← | $42,172 | ✓ ok |
| 25% | $41,659 | ✓ ok |
| 30% | $41,153 | ✓ ok |
Scenario 2 — HM→DSCR
Hard money @ 9.99% IO → DSCR refi · 75% ARV · 7.1% / 30yr
✅
PASSES DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 75% of ARV
1.394x
DSCR
Monthly Cash Flow
$141/mo
Cash-on-Cash Yr 1
28.9%
$5,845 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$47,999
Purchase (95% LTV)
$37,999
Rehab (100%)
$10,000
Loan-to-ARV
67.6%
Monthly Interest
$400/mo
Down Payment5% of $39,999 purchase
$2,000+
Origination Fee1 pts on $47,999 loan
$2,500+
Closing Costs5% of purchase
$2,000=
Cash to First Close
$6,500Holding Period — 2 Months
HML Interest9.99% IO · $400/mo × 2$799
Property Taxes$108/mo × 2$216
Insurance$42/mo × 2$83
HOA$450/mo × 2$900
Total Holding Costs$1,998
Contingency Reserve10% of rehab — held, not at first close$1,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$53,250−
HML Principal Payofffull IO loan balance
$47,999−
Origination Fee1 pts on $53,250
$533−
Closing Coststitle / appraisal / escrow
$1,065=
Cash Back to You
+$3,653Deal Summary
Cash to First Close
$6,500+
Holding Costs (2 mo)
$1,998+
Contingency Reserve
$1,000−
Cash Back at Refi
−$3,653=
Capital Left in Deal
$5,845Equity Position — Day 1 Post-Refi
ARV
$71,000−
DSCR Loan Balance
$53,250=
Equity in Property
$17,750 (25.0%)−
Capital Left in Deal
$5,845=
Value Created
$11,905$17,750 equity on $5,845 deployed = 3.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,248−
Property Taxes
$108−
Insurance
$42−
Maintenance (6% rent)
$75−
Management (6% rent)
$75−
HOA
$450=
OpEx Subtotal
$749=
Net Operating Income
$499−
DSCR P&I
$358/mo=
Net Cash Flow
$141/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$53,250
Monthly P&I$358/mo
Net Cash Flow$141/mo
Cash Back at Refi+$3,653
DSCR
1.394x✓ Pass
Lender DSCR
1.304x✓ Pass
No Cash-Out
69.7% LTV — breakeven refi
Loan Amount$49,484
Monthly P&I$333/mo
Net Cash Flow$166/mo
Cash Back at Refi+$0
DSCR
1.500x✓ Pass
Lender DSCR
1.339x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,088/mo | ✓ met |
| 1.10x | $1,129/mo | ✓ met |
| 1.20x | $1,169/mo | ✓ met |
| 1.30x ← | $1,210/mo | ✓ met |
| 1.40x | $1,251/mo | +$3 needed |
Scenario 3 — Cash→DSCR
All-cash purchase → DSCR refi · 75% ARV · 7.1% / 30yr
✅
PASSES DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 75% of ARV
1.394x
DSCR
Monthly Cash Flow
$141/mo
Cash-on-Cash Yr 1
66.4%
$2,545 left in deal
Acquisition Event — First Close
Purchase Price
$39,999+
Rehab Budget
$10,000+
Closing Costs5% of purchase
$2,000=
Total Cash to First Close
$51,999Holding Period — 2 Months
Property Taxes$108/mo × 2$216
Insurance$42/mo × 2$83
HOA$450/mo × 2$900
Total Holding Costs$1,199
Contingency Reserve10% of rehab — held, not at first close$1,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$53,250−
Origination Fee1 pts on $53,250
$533−
Closing Coststitle / appraisal / escrow
$1,065=
Net Cash Recovered
$51,653Deal Summary
Total Cash to First Close
$51,999+
Holding Costs (2 mo)
$1,199+
Contingency Reserve
$1,000−
Net Cash Recovered at Refi
$51,653=
Capital Left in Deal
$2,545Equity Position — Day 1 Post-Refi
ARV
$71,000−
DSCR Loan Balance
$53,250=
Equity in Property
$17,750 (25.0%)−
Capital Left in Deal
$2,545=
Value Created
$15,205$17,750 equity on $2,545 deployed = 7.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,248−
Property Taxes
$108−
Insurance
$42−
Maintenance (6% rent)
$75−
Management (6% rent)
$75−
HOA
$450=
OpEx Subtotal
$749=
Net Operating Income
$499−
DSCR P&I
$358/mo=
Net Cash Flow
$141/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$53,250
Monthly P&I$358/mo
Net Cash Flow$141/mo
Cash Still Required−$2,545
DSCR
1.394x✓ Pass
Lender DSCR
1.304x✓ Pass
No Cash-Out
75.0% LTV — capped short $2,545
Loan Amount$53,250
Monthly P&I$358/mo
Net Cash Flow$141/mo
Cash Still Required−$2,545
DSCR
1.394x✓ Pass
Lender DSCR
1.304x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,088/mo | ✓ met |
| 1.10x | $1,129/mo | ✓ met |
| 1.20x | $1,169/mo | ✓ met |
| 1.30x ← | $1,210/mo | ✓ met |
| 1.40x | $1,251/mo | +$3 needed |