MMX Group/82 Broad Cove Ln, Montgomery, TX 77356
Flip-25.6%
HM→DSCR0.977x
Cash→DSCR0.977x
New Deal

82 Broad Cove Ln, Montgomery, TX 77356

3bd / 4ba · 4,070 sqft · built 1993 · Single Family (SFR)Analyzed May 27, 2026
Flip ROI
-25.6%
FAIL
−$25,881 loss
6-mo hold · profit ÷ cash out
DSCR — 75% LTV
0.977x
FAIL
cash-out refi · NOI / debt service
DSCR — No Cash-Out
0.977x
FAIL
75.0% LTV · capped, short $53,584
Max Bid @ 20%
$424,702
FAIL
✗ $40,297 over max
Total Invested
$77,932
down + points + costs + holding, pre-refi
Cash Left in Deal
$131,516
after HM → DSCR cash-out refi
Value Generated
$121,001
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
-25.6%
Flip ROI
Cash to First Close
$52,317
what you bring day 1
Net Profit
−$25,881
Max Bid @ 20%
$424,702
−$25,881 profit  ÷  $101,162 total invested  =  -25.6%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$581,749
Purchase (95% LTV)
$441,749
Rehab (100%)
$140,000
Loan-to-ARV
80.1%
Monthly Interest
$4,843/mo
Down Payment5% of $464,999 purchase
$23,250
+
Origination Fee1 pts on $581,749 loan
$5,817
+
Closing Costs5% of purchase
$23,250
=
Cash to First Close
$52,317
Holding Period — 6 Months
HML Interest9.99% IO · $4,843/mo × 6$29,058
Property Taxes$460/mo × 6$2,762
Insurance$504/mo × 6$3,025
Total Holding Costs$34,845
Contingency Reserve10% of rehab — held, not at first close$14,000
Sale Event — Second Close
Sale Price (ARV)
$726,000
HML Principal Payofffull IO loan balance
$581,749
Closing Costs3.5% of sale price
$25,410
Realtor Commission6% of sale price
$43,560
=
Net Proceeds to You
$75,281
Deal Summary
Net Proceeds at Closing
$75,281
Cash to First Close
$52,317
Holding Costs (6 mo)
$34,845
Contingency Reserve
$14,000
=
NET PROFIT
−$25,881
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$433,090−$31,909
15%$428,866−$36,133
20%$424,702−$40,297
25%$420,596−$44,403
30%$416,547−$48,452
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
0.977x
DSCR
Monthly Cash Flow
−$85/mo
Cash-on-Cash Yr 1
-0.8%
$131,516 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$581,749
Purchase (95% LTV)
$441,749
Rehab (100%)
$140,000
Loan-to-ARV
80.1%
Monthly Interest
$4,843/mo
Down Payment5% of $464,999 purchase
$23,250
+
Origination Fee1 pts on $581,749 loan
$5,817
+
Closing Costs5% of purchase
$23,250
=
Cash to First Close
$52,317
Holding Period — 2 Months
HML Interest9.99% IO · $4,843/mo × 2$9,686
Property Taxes$460/mo × 2$921
Insurance$504/mo × 2$1,008
Total Holding Costs$11,615
Contingency Reserve10% of rehab — held, not at first close$14,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$544,500
HML Principal Payofffull IO loan balance
$581,749
Origination Fee1 pts on $544,500
$5,445
Closing Coststitle / appraisal / escrow
$10,890
=
Cash to Bring to Close
−$53,584
Deal Summary
Cash to First Close
$52,317
+
Holding Costs (2 mo)
$11,615
+
Contingency Reserve
$14,000
Cash to Bring at Refi
+$53,584
=
Capital Left in Deal
$131,516
Equity Position — Day 1 Post-Refi
ARV
$726,000
DSCR Loan Balance
$544,500
=
Equity in Property
$181,500 (25.0%)
Capital Left in Deal
$131,516
=
Value Created
$49,984
$181,500 equity on $131,516 deployed = 1.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$5,158
Property Taxes
$460
Insurance
$504
Maintenance (6% rent)
$309
Management (6% rent)
$309
=
OpEx Subtotal
$1,583
=
Net Operating Income
$3,575
DSCR P&I
$3,659/mo
=
Net Cash Flow
−$85/mo
DSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$544,500
Monthly P&I$3,659/mo
Net Cash Flow−$85/mo
Cash Still Required−$53,584
DSCR
0.977x✗ Fail
Lender DSCR
1.116x✓ Pass
No Cash-Out
75.0% LTV — capped short $53,584
Loan Amount$544,500
Monthly P&I$3,659/mo
Net Cash Flow−$85/mo
Cash Still Required−$53,584
DSCR
0.977x✗ Fail
Lender DSCR
1.116x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$5,254/mo+$96 needed
1.10x$5,670/mo+$512 needed
1.20x$6,086/mo+$928 needed
1.30x$6,502/mo+$1,344 needed
1.40x$6,917/mo+$1,759 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
0.977x
DSCR
Monthly Cash Flow
−$85/mo
Cash-on-Cash Yr 1
-0.9%
$116,013 left in deal
Acquisition Event — First Close
Purchase Price
$464,999
+
Rehab Budget
$140,000
+
Closing Costs5% of purchase
$23,250
=
Total Cash to First Close
$628,249
Holding Period — 2 Months
Property Taxes$460/mo × 2$921
Insurance$504/mo × 2$1,008
Total Holding Costs$1,929
Contingency Reserve10% of rehab — held, not at first close$14,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$544,500
Origination Fee1 pts on $544,500
$5,445
Closing Coststitle / appraisal / escrow
$10,890
=
Net Cash Recovered
$528,165
Deal Summary
Total Cash to First Close
$628,249
+
Holding Costs (2 mo)
$1,929
+
Contingency Reserve
$14,000
Net Cash Recovered at Refi
$528,165
=
Capital Left in Deal
$116,013
Equity Position — Day 1 Post-Refi
ARV
$726,000
DSCR Loan Balance
$544,500
=
Equity in Property
$181,500 (25.0%)
Capital Left in Deal
$116,013
=
Value Created
$65,487
$181,500 equity on $116,013 deployed = 1.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$5,158
Property Taxes
$460
Insurance
$504
Maintenance (6% rent)
$309
Management (6% rent)
$309
=
OpEx Subtotal
$1,583
=
Net Operating Income
$3,575
DSCR P&I
$3,659/mo
=
Net Cash Flow
−$85/mo
DSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$544,500
Monthly P&I$3,659/mo
Net Cash Flow−$85/mo
Cash Still Required−$116,013
DSCR
0.977x✗ Fail
Lender DSCR
1.116x✓ Pass
No Cash-Out
75.0% LTV — capped short $116,013
Loan Amount$544,500
Monthly P&I$3,659/mo
Net Cash Flow−$85/mo
Cash Still Required−$116,013
DSCR
0.977x✗ Fail
Lender DSCR
1.116x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$5,254/mo+$96 needed
1.10x$5,670/mo+$512 needed
1.20x$6,086/mo+$928 needed
1.30x$6,502/mo+$1,344 needed
1.40x$6,917/mo+$1,759 needed
30-Year Hold Projection
Click to expand
DSCR loan $544,500 @ 7.1% · 3% rent growth · Via Hard Money · Via All Cash (same DSCR loan)