7915 Kendalia Dr, Houston, TX 77036
2bd / 2ba · 1,664 sqft · built 1976 · Single Family (SFR)Analyzed May 5, 2026$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
116.1%
Flip ROI
Cash to First Close
$12,300
what you bring day 1
Net Profit
$25,068
Max Bid @ 20%
$117,620
$25,068 profit ÷ $21,588 total invested = 116.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$108,099
Purchase (95% LTV)
$93,099
Rehab (100%)
$15,000
Loan-to-ARV
63.2%
Monthly Interest
$900/mo
Down Payment5% of $97,999 purchase
$4,900+
Origination Fee1 pts on $108,099 loan
$2,500+
Closing Costs5% of purchase
$4,900=
Cash to First Close
$12,300Holding Period — 6 Months
HML Interest9.99% IO · $900/mo × 6$5,400
Property Taxes$304/mo × 6$1,824
Insurance$94/mo × 6$565
Total Holding Costs$7,789
Contingency Reserve10% of rehab — held, not at first close$1,500
Sale Event — Second Close
Sale Price (ARV)
$171,000−
HML Principal Payofffull IO loan balance
$108,099−
Closing Costs3.5% of sale price
$5,985−
Realtor Commission6% of sale price
$10,260=
Net Proceeds to You
$46,656Deal Summary
Net Proceeds at Closing
$46,656−
Cash to First Close
$12,300−
Holding Costs (6 mo)
$7,789−
Contingency Reserve
$1,500=
NET PROFIT
$25,068Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $119,689 | ✓ ok |
| 15% | $118,647 | ✓ ok |
| 20% ← | $117,620 | ✓ ok |
| 25% | $116,607 | ✓ ok |
| 30% | $115,608 | ✓ ok |
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
1.072x
DSCR
Monthly Cash Flow
$62/mo
Cash-on-Cash Yr 1
N/A
$93 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$108,099
Purchase (95% LTV)
$93,099
Rehab (100%)
$15,000
Loan-to-ARV
63.2%
Monthly Interest
$900/mo
Down Payment5% of $97,999 purchase
$4,900+
Origination Fee1 pts on $108,099 loan
$2,500+
Closing Costs5% of purchase
$4,900=
Cash to First Close
$12,300Holding Period — 2 Months
HML Interest9.99% IO · $900/mo × 2$1,800
Property Taxes$304/mo × 2$608
Insurance$94/mo × 2$188
Total Holding Costs$2,596
Contingency Reserve10% of rehab — held, not at first close$1,500
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$128,250−
HML Principal Payofffull IO loan balance
$108,099−
Origination Fee1 pts on $128,250
$1,283−
Closing Coststitle / appraisal / escrow
$2,565=
Cash Back to You
+$16,303Deal Summary
Cash to First Close
$12,300+
Holding Costs (2 mo)
$2,596+
Contingency Reserve
$1,500−
Cash Back at Refi
−$16,303=
Capital Left in Deal
$93Equity Position — Day 1 Post-Refi
ARV
$171,000−
DSCR Loan Balance
$128,250=
Equity in Property
$42,750 (25.0%)−
Capital Left in Deal
$93=
Value Created
$42,657$42,750 equity on $93 deployed = 461.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,502−
Property Taxes
$304−
Insurance
$94−
Maintenance (6% rent)
$90−
Management (6% rent)
$90=
OpEx Subtotal
$578=
Net Operating Income
$924−
DSCR P&I
$862/mo=
Net Cash Flow
$62/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$128,250
Monthly P&I$862/mo
Net Cash Flow$62/mo
Cash Back at Refi+$16,303
DSCR
1.072x✗ Fail
Lender DSCR
1.192x✓ Pass
No Cash-Out
65.2% LTV — breakeven refi
Loan Amount$111,442
Monthly P&I$749/mo
Net Cash Flow$175/mo
Cash Back at Refi+$0
DSCR
1.233x✗ Fail
Lender DSCR
1.309x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,432/mo | ✓ met |
| 1.10x | $1,530/mo | +$28 needed |
| 1.20x | $1,628/mo | +$126 needed |
| 1.30x ← | $1,726/mo | +$224 needed |
| 1.40x | $1,824/mo | +$322 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
1.072x
DSCR
Monthly Cash Flow
$62/mo
Cash-on-Cash Yr 1
N/A
−$4,207 left in deal
Acquisition Event — First Close
Purchase Price
$97,999+
Rehab Budget
$15,000+
Closing Costs5% of purchase
$4,900=
Total Cash to First Close
$117,899Holding Period — 2 Months
Property Taxes$304/mo × 2$608
Insurance$94/mo × 2$188
Total Holding Costs$796
Contingency Reserve10% of rehab — held, not at first close$1,500
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$128,250−
Origination Fee1 pts on $128,250
$1,283−
Closing Coststitle / appraisal / escrow
$2,565=
Net Cash Recovered
$124,403Deal Summary
Total Cash to First Close
$117,899+
Holding Costs (2 mo)
$796+
Contingency Reserve
$1,500−
Net Cash Recovered at Refi
$124,403=
Capital Left in Deal
−$4,207Equity Position — Day 1 Post-Refi
ARV
$171,000−
DSCR Loan Balance
$128,250=
Equity in Property
$42,750 (25.0%)−
Capital Left in Deal
−$4,207=
Value Created
$46,957Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,502−
Property Taxes
$304−
Insurance
$94−
Maintenance (6% rent)
$90−
Management (6% rent)
$90=
OpEx Subtotal
$578=
Net Operating Income
$924−
DSCR P&I
$862/mo=
Net Cash Flow
$62/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$128,250
Monthly P&I$862/mo
Net Cash Flow$62/mo
Cash Back at Refi+$4,207
DSCR
1.072x✗ Fail
Lender DSCR
1.192x✓ Pass
No Cash-Out
72.5% LTV — breakeven refi
Loan Amount$123,913
Monthly P&I$833/mo
Net Cash Flow$91/mo
Cash Back at Refi+$0
DSCR
1.109x✗ Fail
Lender DSCR
1.220x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,432/mo | ✓ met |
| 1.10x | $1,530/mo | +$28 needed |
| 1.20x | $1,628/mo | +$126 needed |
| 1.30x ← | $1,726/mo | +$224 needed |
| 1.40x | $1,824/mo | +$322 needed |