878 Sun Prairie Dr, Houston, TX 77090
3bd / 2.5ba · 1,735 sqft · built 2013 · Single Family (SFR)Analyzed Jul 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
-50.0%
Flip ROI
Cash to First Close
$19,495
what you bring day 1
Net Profit
−$16,753
Max Bid @ 20%
$150,175
−$16,753 profit ÷ $33,495 total invested = -50.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$181,453
Purchase (95% LTV)
$161,453
Rehab (100%)
$20,000
Loan-to-ARV
82.9%
Monthly Interest
$1,511/mo
Down Payment5% of $169,950 purchase
$8,498+
Origination Fee1 pts on $181,453 loan
$2,500+
Closing Costs5% of purchase
$8,498=
Cash to First Close
$19,495Holding Period — 6 Months
HML Interest9.99% IO · $1,511/mo × 6$9,064
Property Taxes$331/mo × 6$1,987
Insurance$158/mo × 6$950
Total Holding Costs$12,000
Contingency Reserve10% of rehab — held, not at first close$2,000
Sale Event — Second Close
Sale Price (ARV)
$219,000−
HML Principal Payofffull IO loan balance
$181,453−
Closing Costs3.5% of sale price
$7,665−
Realtor Commission6% of sale price
$13,140=
Net Proceeds to You
$16,743Deal Summary
Net Proceeds at Closing
$16,743−
Cash to First Close
$19,495−
Holding Costs (6 mo)
$12,000−
Contingency Reserve
$2,000=
NET PROFIT
−$16,753Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $152,799 | −$17,151 |
| 15% | $151,478 | −$18,472 |
| 20% ← | $150,175 | −$19,775 |
| 25% | $148,891 | −$21,059 |
| 30% | $147,624 | −$22,326 |
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
1.064x
DSCR
Monthly Cash Flow
$71/mo
Cash-on-Cash Yr 1
1.8%
$47,625 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$181,453
Purchase (95% LTV)
$161,453
Rehab (100%)
$20,000
Loan-to-ARV
82.9%
Monthly Interest
$1,511/mo
Down Payment5% of $169,950 purchase
$8,498+
Origination Fee1 pts on $181,453 loan
$2,500+
Closing Costs5% of purchase
$8,498=
Cash to First Close
$19,495Holding Period — 2 Months
HML Interest9.99% IO · $1,511/mo × 2$3,021
Property Taxes$331/mo × 2$662
Insurance$158/mo × 2$317
Total Holding Costs$4,000
Contingency Reserve10% of rehab — held, not at first close$2,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$164,250−
HML Principal Payofffull IO loan balance
$181,453−
Origination Fee1 pts on $164,250
$1,643−
Closing Coststitle / appraisal / escrow
$3,285=
Cash to Bring to Close
−$22,130Deal Summary
Cash to First Close
$19,495+
Holding Costs (2 mo)
$4,000+
Contingency Reserve
$2,000−
Cash to Bring at Refi
+$22,130=
Capital Left in Deal
$47,625Equity Position — Day 1 Post-Refi
ARV
$219,000−
DSCR Loan Balance
$164,250=
Equity in Property
$54,750 (25.0%)−
Capital Left in Deal
$47,625=
Value Created
$7,125$54,750 equity on $47,625 deployed = 1.1× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,891−
Property Taxes
$331−
Insurance
$158−
Maintenance (6% rent)
$113−
Management (6% rent)
$113=
OpEx Subtotal
$716=
Net Operating Income
$1,175−
DSCR P&I
$1,104/mo=
Net Cash Flow
$71/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$164,250
Monthly P&I$1,104/mo
Net Cash Flow$71/mo
Cash Still Required−$22,130
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
No Cash-Out
75.0% LTV — capped short $22,130
Loan Amount$164,250
Monthly P&I$1,104/mo
Net Cash Flow$71/mo
Cash Still Required−$22,130
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,811/mo | ✓ met |
| 1.10x | $1,936/mo | +$45 needed |
| 1.20x | $2,061/mo | +$170 needed |
| 1.30x ← | $2,187/mo | +$296 needed |
| 1.40x | $2,312/mo | +$421 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
1.064x
DSCR
Monthly Cash Flow
$71/mo
Cash-on-Cash Yr 1
2.0%
$42,104 left in deal
Acquisition Event — First Close
Purchase Price
$169,950+
Rehab Budget
$20,000+
Closing Costs5% of purchase
$8,498=
Total Cash to First Close
$198,448Holding Period — 2 Months
Property Taxes$331/mo × 2$662
Insurance$158/mo × 2$317
Total Holding Costs$979
Contingency Reserve10% of rehab — held, not at first close$2,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$164,250−
Origination Fee1 pts on $164,250
$1,643−
Closing Coststitle / appraisal / escrow
$3,285=
Net Cash Recovered
$159,323Deal Summary
Total Cash to First Close
$198,448+
Holding Costs (2 mo)
$979+
Contingency Reserve
$2,000−
Net Cash Recovered at Refi
$159,323=
Capital Left in Deal
$42,104Equity Position — Day 1 Post-Refi
ARV
$219,000−
DSCR Loan Balance
$164,250=
Equity in Property
$54,750 (25.0%)−
Capital Left in Deal
$42,104=
Value Created
$12,646$54,750 equity on $42,104 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,891−
Property Taxes
$331−
Insurance
$158−
Maintenance (6% rent)
$113−
Management (6% rent)
$113=
OpEx Subtotal
$716=
Net Operating Income
$1,175−
DSCR P&I
$1,104/mo=
Net Cash Flow
$71/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$164,250
Monthly P&I$1,104/mo
Net Cash Flow$71/mo
Cash Still Required−$42,104
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
No Cash-Out
75.0% LTV — capped short $42,104
Loan Amount$164,250
Monthly P&I$1,104/mo
Net Cash Flow$71/mo
Cash Still Required−$42,104
DSCR
1.064x✗ Fail
Lender DSCR
1.187x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,811/mo | ✓ met |
| 1.10x | $1,936/mo | +$45 needed |
| 1.20x | $2,061/mo | +$170 needed |
| 1.30x ← | $2,187/mo | +$296 needed |
| 1.40x | $2,312/mo | +$421 needed |