6703 Sutter Park Ln, Houston, TX 77066
3bd / 2ba · 1,786 sqft · built 1981 · Single Family (SFR)Analyzed Jun 23, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-4.1%
Flip ROI
Cash to First Close
$19,500
what you bring day 1
Net Profit
−$1,518
Max Bid @ 20%
$162,692
−$1,518 profit ÷ $37,129 total invested = -4.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$201,499
Purchase (95% LTV)
$161,499
Rehab (100%)
$40,000
Loan-to-ARV
76.9%
Monthly Interest
$1,677/mo
Down Payment5% of $169,999 purchase
$8,500+
Origination Fee1 pts on $201,499 loan
$2,500+
Closing Costs5% of purchase
$8,500=
Cash to First Close
$19,500Holding Period — 6 Months
HML Interest9.99% IO · $1,677/mo × 6$10,065
Property Taxes$419/mo × 6$2,515
Insurance$175/mo × 6$1,050
Total Holding Costs$13,629
Contingency Reserve10% of rehab — held, not at first close$4,000
Sale Event — Second Close
Sale Price (ARV)
$262,000−
HML Principal Payofffull IO loan balance
$201,499−
Closing Costs3.5% of sale price
$9,170−
Realtor Commission6% of sale price
$15,720=
Net Proceeds to You
$35,611Deal Summary
Net Proceeds at Closing
$35,611−
Cash to First Close
$19,500−
Holding Costs (6 mo)
$13,629−
Contingency Reserve
$4,000=
NET PROFIT
−$1,518Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $165,835 | −$4,164 |
| 15% | $164,252 | −$5,747 |
| 20% ← | $162,692 | −$7,307 |
| 25% | $161,153 | −$8,846 |
| 30% | $159,636 | −$10,363 |
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
0.765x
DSCR
Monthly Cash Flow
−$310/mo
Cash-on-Cash Yr 1
-9.6%
$38,937 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$201,499
Purchase (95% LTV)
$161,499
Rehab (100%)
$40,000
Loan-to-ARV
76.9%
Monthly Interest
$1,677/mo
Down Payment5% of $169,999 purchase
$8,500+
Origination Fee1 pts on $201,499 loan
$2,500+
Closing Costs5% of purchase
$8,500=
Cash to First Close
$19,500Holding Period — 2 Months
HML Interest9.99% IO · $1,677/mo × 2$3,355
Property Taxes$419/mo × 2$838
Insurance$175/mo × 2$350
Total Holding Costs$4,543
Contingency Reserve10% of rehab — held, not at first close$4,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$196,500−
HML Principal Payofffull IO loan balance
$201,499−
Origination Fee1 pts on $196,500
$1,965−
Closing Coststitle / appraisal / escrow
$3,930=
Cash to Bring to Close
−$10,894Deal Summary
Cash to First Close
$19,500+
Holding Costs (2 mo)
$4,543+
Contingency Reserve
$4,000−
Cash to Bring at Refi
+$10,894=
Capital Left in Deal
$38,937Equity Position — Day 1 Post-Refi
ARV
$262,000−
DSCR Loan Balance
$196,500=
Equity in Property
$65,500 (25.0%)−
Capital Left in Deal
$38,937=
Value Created
$26,563$65,500 equity on $38,937 deployed = 1.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,823−
Property Taxes
$419−
Insurance
$175−
Maintenance (6% rent)
$109−
Management (6% rent)
$109=
OpEx Subtotal
$813=
Net Operating Income
$1,010−
DSCR P&I
$1,321/mo=
Net Cash Flow
−$310/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$196,500
Monthly P&I$1,321/mo
Net Cash Flow−$310/mo
Cash Still Required−$10,894
DSCR
0.765x✗ Fail
Lender DSCR
0.952x✗ Fail
No Cash-Out
75.0% LTV — capped short $10,894
Loan Amount$196,500
Monthly P&I$1,321/mo
Net Cash Flow−$310/mo
Cash Still Required−$10,894
DSCR
0.765x✗ Fail
Lender DSCR
0.952x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,176/mo | +$353 needed |
| 1.10x | $2,326/mo | +$503 needed |
| 1.20x | $2,476/mo | +$653 needed |
| 1.30x ← | $2,626/mo | +$803 needed |
| 1.40x | $2,776/mo | +$953 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
0.765x
DSCR
Monthly Cash Flow
−$310/mo
Cash-on-Cash Yr 1
-11.3%
$33,082 left in deal
Acquisition Event — First Close
Purchase Price
$169,999+
Rehab Budget
$40,000+
Closing Costs5% of purchase
$8,500=
Total Cash to First Close
$218,499Holding Period — 2 Months
Property Taxes$419/mo × 2$838
Insurance$175/mo × 2$350
Total Holding Costs$1,188
Contingency Reserve10% of rehab — held, not at first close$4,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$196,500−
Origination Fee1 pts on $196,500
$1,965−
Closing Coststitle / appraisal / escrow
$3,930=
Net Cash Recovered
$190,605Deal Summary
Total Cash to First Close
$218,499+
Holding Costs (2 mo)
$1,188+
Contingency Reserve
$4,000−
Net Cash Recovered at Refi
$190,605=
Capital Left in Deal
$33,082Equity Position — Day 1 Post-Refi
ARV
$262,000−
DSCR Loan Balance
$196,500=
Equity in Property
$65,500 (25.0%)−
Capital Left in Deal
$33,082=
Value Created
$32,418$65,500 equity on $33,082 deployed = 2.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,823−
Property Taxes
$419−
Insurance
$175−
Maintenance (6% rent)
$109−
Management (6% rent)
$109=
OpEx Subtotal
$813=
Net Operating Income
$1,010−
DSCR P&I
$1,321/mo=
Net Cash Flow
−$310/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$196,500
Monthly P&I$1,321/mo
Net Cash Flow−$310/mo
Cash Still Required−$33,082
DSCR
0.765x✗ Fail
Lender DSCR
0.952x✗ Fail
No Cash-Out
75.0% LTV — capped short $33,082
Loan Amount$196,500
Monthly P&I$1,321/mo
Net Cash Flow−$310/mo
Cash Still Required−$33,082
DSCR
0.765x✗ Fail
Lender DSCR
0.952x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,176/mo | +$353 needed |
| 1.10x | $2,326/mo | +$503 needed |
| 1.20x | $2,476/mo | +$653 needed |
| 1.30x ← | $2,626/mo | +$803 needed |
| 1.40x | $2,776/mo | +$953 needed |