MMX Group/625 E Lobit St, Baytown, TX 77520
Flip-136.2%
HM→DSCR0.978x
Cash→DSCR0.978x
New Deal

625 E Lobit St, Baytown, TX 77520

2bd / 1ba · 1,118 sqft · built 1935 · Single Family (SFR)Analyzed Jul 9, 2026
Flip ROI
-136.2%
FAIL
−$34,772 loss
6-mo hold · profit ÷ cash out
DSCR — 75% LTV
0.978x
FAIL
cash-out refi · NOI / debt service
DSCR — No Cash-Out
0.978x
FAIL
75.0% LTV · capped, short $34,444
Max Bid @ 20%
$61,328
FAIL
✗ $33,671 over max
Total Invested
$19,677
down + points + costs + holding, pre-refi
Cash Left in Deal
$54,121
after HM → DSCR cash-out refi
Value Generated
$499
ARV − purchase − rehab (instant equity)
Starting Equity %
25.0%
ARV − DSCR loan ÷ ARV, day 1 post-refi
$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
FAILS FLIP
Min 20% ROI · 6-mo hold
-136.2%
Flip ROI
Cash to First Close
$12,000
what you bring day 1
Net Profit
−$34,772
Max Bid @ 20%
$61,328
−$34,772 profit  ÷  $25,532 total invested  =  -136.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$137,749
Purchase (95% LTV)
$90,249
Rehab (100%)
$47,500
Loan-to-ARV
97.0%
Monthly Interest
$1,147/mo
Down Payment5% of $94,999 purchase
$4,750
+
Origination Fee1 pts on $137,749 loan
$2,500
+
Closing Costs5% of purchase
$4,750
=
Cash to First Close
$12,000
Holding Period — 6 Months
HML Interest9.99% IO · $1,147/mo × 6$6,881
Property Taxes$198/mo × 6$1,190
Insurance$119/mo × 6$712
Total Holding Costs$8,783
Contingency Reserve10% of rehab — held, not at first close$4,750
Sale Event — Second Close
Sale Price (ARV)
$142,000
HML Principal Payofffull IO loan balance
$137,749
Closing Costs3.5% of sale price
$4,970
Realtor Commission6% of sale price
$8,520
=
Net Proceeds to You
−$9,239
Deal Summary
Net Proceeds at Closing
−$9,239
Cash to First Close
$12,000
Holding Costs (6 mo)
$8,783
Contingency Reserve
$4,750
=
NET PROFIT
−$34,772
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$63,009−$31,990
15%$62,162−$32,837
20%$61,328−$33,671
25%$60,506−$34,493
30%$59,695−$35,304
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
0.978x
DSCR
Monthly Cash Flow
−$15/mo
Cash-on-Cash Yr 1
-0.3%
$54,121 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$137,749
Purchase (95% LTV)
$90,249
Rehab (100%)
$47,500
Loan-to-ARV
97.0%
Monthly Interest
$1,147/mo
Down Payment5% of $94,999 purchase
$4,750
+
Origination Fee1 pts on $137,749 loan
$2,500
+
Closing Costs5% of purchase
$4,750
=
Cash to First Close
$12,000
Holding Period — 2 Months
HML Interest9.99% IO · $1,147/mo × 2$2,294
Property Taxes$198/mo × 2$397
Insurance$119/mo × 2$237
Total Holding Costs$2,928
Contingency Reserve10% of rehab — held, not at first close$4,750
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$106,500
HML Principal Payofffull IO loan balance
$137,749
Origination Fee1 pts on $106,500
$1,065
Closing Coststitle / appraisal / escrow
$2,130
=
Cash to Bring to Close
−$34,444
Deal Summary
Cash to First Close
$12,000
+
Holding Costs (2 mo)
$2,928
+
Contingency Reserve
$4,750
Cash to Bring at Refi
+$34,444
=
Capital Left in Deal
$54,121
Equity Position — Day 1 Post-Refi
ARV
$142,000
DSCR Loan Balance
$106,500
=
Equity in Property
$35,500 (25.0%)
Capital Left in Deal
$54,121
=
Value Created
−$18,621
$35,500 equity on $54,121 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,156
Property Taxes
$198
Insurance
$119
Maintenance (6% rent)
$69
Management (6% rent)
$69
=
OpEx Subtotal
$456
=
Net Operating Income
$700
DSCR P&I
$716/mo
=
Net Cash Flow
−$15/mo
DSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$106,500
Monthly P&I$716/mo
Net Cash Flow−$15/mo
Cash Still Required−$34,444
DSCR
0.978x✗ Fail
Lender DSCR
1.119x✓ Pass
No Cash-Out
75.0% LTV — capped short $34,444
Loan Amount$106,500
Monthly P&I$716/mo
Net Cash Flow−$15/mo
Cash Still Required−$34,444
DSCR
0.978x✗ Fail
Lender DSCR
1.119x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,174/mo+$18 needed
1.10x$1,255/mo+$99 needed
1.20x$1,336/mo+$180 needed
1.30x$1,418/mo+$262 needed
1.40x$1,499/mo+$343 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
0.978x
DSCR
Monthly Cash Flow
−$15/mo
Cash-on-Cash Yr 1
-0.4%
$49,328 left in deal
Acquisition Event — First Close
Purchase Price
$94,999
+
Rehab Budget
$47,500
+
Closing Costs5% of purchase
$4,750
=
Total Cash to First Close
$147,249
Holding Period — 2 Months
Property Taxes$198/mo × 2$397
Insurance$119/mo × 2$237
Total Holding Costs$634
Contingency Reserve10% of rehab — held, not at first close$4,750
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$106,500
Origination Fee1 pts on $106,500
$1,065
Closing Coststitle / appraisal / escrow
$2,130
=
Net Cash Recovered
$103,305
Deal Summary
Total Cash to First Close
$147,249
+
Holding Costs (2 mo)
$634
+
Contingency Reserve
$4,750
Net Cash Recovered at Refi
$103,305
=
Capital Left in Deal
$49,328
Equity Position — Day 1 Post-Refi
ARV
$142,000
DSCR Loan Balance
$106,500
=
Equity in Property
$35,500 (25.0%)
Capital Left in Deal
$49,328
=
Value Created
−$13,828
$35,500 equity on $49,328 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,156
Property Taxes
$198
Insurance
$119
Maintenance (6% rent)
$69
Management (6% rent)
$69
=
OpEx Subtotal
$456
=
Net Operating Income
$700
DSCR P&I
$716/mo
=
Net Cash Flow
−$15/mo
DSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$106,500
Monthly P&I$716/mo
Net Cash Flow−$15/mo
Cash Still Required−$49,328
DSCR
0.978x✗ Fail
Lender DSCR
1.119x✓ Pass
No Cash-Out
75.0% LTV — capped short $49,328
Loan Amount$106,500
Monthly P&I$716/mo
Net Cash Flow−$15/mo
Cash Still Required−$49,328
DSCR
0.978x✗ Fail
Lender DSCR
1.119x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,174/mo+$18 needed
1.10x$1,255/mo+$99 needed
1.20x$1,336/mo+$180 needed
1.30x$1,418/mo+$262 needed
1.40x$1,499/mo+$343 needed
30-Year Hold Projection
Click to expand
DSCR loan $106,500 @ 7.1% · 3% rent growth · Via Hard Money · Via All Cash (same DSCR loan)