6230 Antha St, Houston, TX 77016
3bd / 1ba · 1,318 sqft · built 1964 · Single Family (SFR)Analyzed Jun 9, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-86.2%
Flip ROI
Cash to First Close
$12,000
what you bring day 1
Net Profit
−$22,690
Max Bid @ 20%
$71,719
−$22,690 profit ÷ $26,336 total invested = -86.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$140,249
Purchase (95% LTV)
$90,249
Rehab (100%)
$50,000
Loan-to-ARV
88.2%
Monthly Interest
$1,168/mo
Down Payment5% of $94,999 purchase
$4,750+
Origination Fee1 pts on $140,249 loan
$2,500+
Closing Costs5% of purchase
$4,750=
Cash to First Close
$12,000Holding Period — 6 Months
HML Interest9.99% IO · $1,168/mo × 6$7,005
Property Taxes$268/mo × 6$1,606
Insurance$121/mo × 6$725
Total Holding Costs$9,336
Contingency Reserve10% of rehab — held, not at first close$5,000
Sale Event — Second Close
Sale Price (ARV)
$159,000−
HML Principal Payofffull IO loan balance
$140,249−
Closing Costs3.5% of sale price
$5,565−
Realtor Commission6% of sale price
$9,540=
Net Proceeds to You
$3,646Deal Summary
Net Proceeds at Closing
$3,646−
Cash to First Close
$12,000−
Holding Costs (6 mo)
$9,336−
Contingency Reserve
$5,000=
NET PROFIT
−$22,690Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $73,622 | −$21,377 |
| 15% | $72,663 | −$22,336 |
| 20% ← | $71,719 | −$23,280 |
| 25% | $70,787 | −$24,212 |
| 30% | $69,869 | −$25,130 |
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
1.143x
DSCR
Monthly Cash Flow
$114/mo
Cash-on-Cash Yr 1
3.1%
$44,689 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$140,249
Purchase (95% LTV)
$90,249
Rehab (100%)
$50,000
Loan-to-ARV
88.2%
Monthly Interest
$1,168/mo
Down Payment5% of $94,999 purchase
$4,750+
Origination Fee1 pts on $140,249 loan
$2,500+
Closing Costs5% of purchase
$4,750=
Cash to First Close
$12,000Holding Period — 2 Months
HML Interest9.99% IO · $1,168/mo × 2$2,335
Property Taxes$268/mo × 2$535
Insurance$121/mo × 2$242
Total Holding Costs$3,112
Contingency Reserve10% of rehab — held, not at first close$5,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$119,250−
HML Principal Payofffull IO loan balance
$140,249−
Origination Fee1 pts on $119,250
$1,193−
Closing Coststitle / appraisal / escrow
$2,385=
Cash to Bring to Close
−$24,577Deal Summary
Cash to First Close
$12,000+
Holding Costs (2 mo)
$3,112+
Contingency Reserve
$5,000−
Cash to Bring at Refi
+$24,577=
Capital Left in Deal
$44,689Equity Position — Day 1 Post-Refi
ARV
$159,000−
DSCR Loan Balance
$119,250=
Equity in Property
$39,750 (25.0%)−
Capital Left in Deal
$44,689=
Value Created
−$4,939$39,750 equity on $44,689 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,482−
Property Taxes
$268−
Insurance
$121−
Maintenance (6% rent)
$89−
Management (6% rent)
$89=
OpEx Subtotal
$566=
Net Operating Income
$916−
DSCR P&I
$801/mo=
Net Cash Flow
$114/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$119,250
Monthly P&I$801/mo
Net Cash Flow$114/mo
Cash Still Required−$24,577
DSCR
1.143x✗ Fail
Lender DSCR
1.245x✓ Pass
No Cash-Out
75.0% LTV — capped short $24,577
Loan Amount$119,250
Monthly P&I$801/mo
Net Cash Flow$114/mo
Cash Still Required−$24,577
DSCR
1.143x✗ Fail
Lender DSCR
1.245x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,352/mo | ✓ met |
| 1.10x | $1,443/mo | ✓ met |
| 1.20x | $1,534/mo | +$52 needed |
| 1.30x ← | $1,625/mo | +$143 needed |
| 1.40x | $1,716/mo | +$234 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
1.143x
DSCR
Monthly Cash Flow
$114/mo
Cash-on-Cash Yr 1
3.4%
$39,853 left in deal
Acquisition Event — First Close
Purchase Price
$94,999+
Rehab Budget
$50,000+
Closing Costs5% of purchase
$4,750=
Total Cash to First Close
$149,749Holding Period — 2 Months
Property Taxes$268/mo × 2$535
Insurance$121/mo × 2$242
Total Holding Costs$777
Contingency Reserve10% of rehab — held, not at first close$5,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$119,250−
Origination Fee1 pts on $119,250
$1,193−
Closing Coststitle / appraisal / escrow
$2,385=
Net Cash Recovered
$115,673Deal Summary
Total Cash to First Close
$149,749+
Holding Costs (2 mo)
$777+
Contingency Reserve
$5,000−
Net Cash Recovered at Refi
$115,673=
Capital Left in Deal
$39,853Equity Position — Day 1 Post-Refi
ARV
$159,000−
DSCR Loan Balance
$119,250=
Equity in Property
$39,750 (25.0%)−
Capital Left in Deal
$39,853=
Value Created
−$103$39,750 equity on $39,853 deployed = 1.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,482−
Property Taxes
$268−
Insurance
$121−
Maintenance (6% rent)
$89−
Management (6% rent)
$89=
OpEx Subtotal
$566=
Net Operating Income
$916−
DSCR P&I
$801/mo=
Net Cash Flow
$114/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$119,250
Monthly P&I$801/mo
Net Cash Flow$114/mo
Cash Still Required−$39,853
DSCR
1.143x✗ Fail
Lender DSCR
1.245x✓ Pass
No Cash-Out
75.0% LTV — capped short $39,853
Loan Amount$119,250
Monthly P&I$801/mo
Net Cash Flow$114/mo
Cash Still Required−$39,853
DSCR
1.143x✗ Fail
Lender DSCR
1.245x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,352/mo | ✓ met |
| 1.10x | $1,443/mo | ✓ met |
| 1.20x | $1,534/mo | +$52 needed |
| 1.30x ← | $1,625/mo | +$143 needed |
| 1.40x | $1,716/mo | +$234 needed |