8818 Mobud Dr, Houston, TX 77036
4bd / 3ba · 2,634 sqft · built 1967 · Single Family (SFR)Analyzed Apr 29, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-19.0%
Flip ROI
Cash to First Close
$23,048
what you bring day 1
Net Profit
−$8,826
Max Bid @ 20%
$189,180
−$8,826 profit ÷ $46,391 total invested = -19.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$254,750
Purchase (95% LTV)
$194,750
Rehab (100%)
$60,000
Loan-to-ARV
78.9%
Monthly Interest
$2,121/mo
Down Payment5% of $205,000 purchase
$10,250+
Origination Fee1 pts on $254,750 loan
$2,548+
Closing Costs5% of purchase
$10,250=
Cash to First Close
$23,048Holding Period — 6 Months
HML Interest9.99% IO · $2,121/mo × 6$12,725
Property Taxes$549/mo × 6$3,294
Insurance$221/mo × 6$1,325
Total Holding Costs$17,343
Contingency Reserve10% of rehab — held, not at first close$6,000
Sale Event — Second Close
Sale Price (ARV)
$323,000−
HML Principal Payofffull IO loan balance
$254,750−
Closing Costs3.5% of sale price
$11,305−
Realtor Commission6% of sale price
$19,380=
Net Proceeds to You
$37,565Deal Summary
Net Proceeds at Closing
$37,565−
Cash to First Close
$23,048−
Holding Costs (6 mo)
$17,343−
Contingency Reserve
$6,000=
NET PROFIT
−$8,826Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $193,065 | −$11,935 |
| 15% | $191,108 | −$13,892 |
| 20% ← | $189,180 | −$15,820 |
| 25% | $187,278 | −$17,722 |
| 30% | $185,403 | −$19,597 |
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
0.795x
DSCR
Monthly Cash Flow
−$333/mo
Cash-on-Cash Yr 1
-7.3%
$54,596 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$254,750
Purchase (95% LTV)
$194,750
Rehab (100%)
$60,000
Loan-to-ARV
78.9%
Monthly Interest
$2,121/mo
Down Payment5% of $205,000 purchase
$10,250+
Origination Fee1 pts on $254,750 loan
$2,548+
Closing Costs5% of purchase
$10,250=
Cash to First Close
$23,048Holding Period — 2 Months
HML Interest9.99% IO · $2,121/mo × 2$4,242
Property Taxes$549/mo × 2$1,098
Insurance$221/mo × 2$442
Total Holding Costs$5,781
Contingency Reserve10% of rehab — held, not at first close$6,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$242,250−
HML Principal Payofffull IO loan balance
$254,750−
Origination Fee1 pts on $242,250
$2,423−
Closing Coststitle / appraisal / escrow
$4,845=
Cash to Bring to Close
−$19,768Deal Summary
Cash to First Close
$23,048+
Holding Costs (2 mo)
$5,781+
Contingency Reserve
$6,000−
Cash to Bring at Refi
+$19,768=
Capital Left in Deal
$54,596Equity Position — Day 1 Post-Refi
ARV
$323,000−
DSCR Loan Balance
$242,250=
Equity in Property
$80,750 (25.0%)−
Capital Left in Deal
$54,596=
Value Created
$26,154$80,750 equity on $54,596 deployed = 1.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,346−
Property Taxes
$549−
Insurance
$221−
Maintenance (6% rent)
$141−
Management (6% rent)
$141=
OpEx Subtotal
$1,051=
Net Operating Income
$1,295−
DSCR P&I
$1,628/mo=
Net Cash Flow
−$333/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$242,250
Monthly P&I$1,628/mo
Net Cash Flow−$333/mo
Cash Still Required−$19,768
DSCR
0.795x✗ Fail
Lender DSCR
0.978x✗ Fail
No Cash-Out
75.0% LTV — capped short $19,768
Loan Amount$242,250
Monthly P&I$1,628/mo
Net Cash Flow−$333/mo
Cash Still Required−$19,768
DSCR
0.795x✗ Fail
Lender DSCR
0.978x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,725/mo | +$379 needed |
| 1.10x | $2,910/mo | +$564 needed |
| 1.20x | $3,095/mo | +$749 needed |
| 1.30x ← | $3,280/mo | +$934 needed |
| 1.40x | $3,465/mo | +$1,119 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
0.795x
DSCR
Monthly Cash Flow
−$333/mo
Cash-on-Cash Yr 1
-8.4%
$47,807 left in deal
Acquisition Event — First Close
Purchase Price
$205,000+
Rehab Budget
$60,000+
Closing Costs5% of purchase
$10,250=
Total Cash to First Close
$275,250Holding Period — 2 Months
Property Taxes$549/mo × 2$1,098
Insurance$221/mo × 2$442
Total Holding Costs$1,540
Contingency Reserve10% of rehab — held, not at first close$6,000
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$242,250−
Origination Fee1 pts on $242,250
$2,423−
Closing Coststitle / appraisal / escrow
$4,845=
Net Cash Recovered
$234,983Deal Summary
Total Cash to First Close
$275,250+
Holding Costs (2 mo)
$1,540+
Contingency Reserve
$6,000−
Net Cash Recovered at Refi
$234,983=
Capital Left in Deal
$47,807Equity Position — Day 1 Post-Refi
ARV
$323,000−
DSCR Loan Balance
$242,250=
Equity in Property
$80,750 (25.0%)−
Capital Left in Deal
$47,807=
Value Created
$32,943$80,750 equity on $47,807 deployed = 1.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,346−
Property Taxes
$549−
Insurance
$221−
Maintenance (6% rent)
$141−
Management (6% rent)
$141=
OpEx Subtotal
$1,051=
Net Operating Income
$1,295−
DSCR P&I
$1,628/mo=
Net Cash Flow
−$333/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$242,250
Monthly P&I$1,628/mo
Net Cash Flow−$333/mo
Cash Still Required−$47,807
DSCR
0.795x✗ Fail
Lender DSCR
0.978x✗ Fail
No Cash-Out
75.0% LTV — capped short $47,807
Loan Amount$242,250
Monthly P&I$1,628/mo
Net Cash Flow−$333/mo
Cash Still Required−$47,807
DSCR
0.795x✗ Fail
Lender DSCR
0.978x✗ Fail
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $2,725/mo | +$379 needed |
| 1.10x | $2,910/mo | +$564 needed |
| 1.20x | $3,095/mo | +$749 needed |
| 1.30x ← | $3,280/mo | +$934 needed |
| 1.40x | $3,465/mo | +$1,119 needed |