10017 Morocco Rd, Houston, TX 77041
Houston, 77041
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Listing Agent
Caryn Beard
(281) 491-1776carynbeard@yahoo.com
MMX Group/10017 Morocco Rd, Houston, TX 77041
Flip-40.3%✗
HM→DSCR0.378x✗
Cash→DSCR0.378x✗
New Deal

10017 Morocco Rd, Houston, TX 77041

3bd / 2ba · 1,570 sqft · built 2023 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.440x
FAIL
NOI ÷ debt service
Lender DSCR
0.748x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$723/mo
FAIL
post all expenses · day 1
Cash to Close
$82,123
80% LTV · single close
Value Generated
$43,200
ARV − purchase − rehab
Starting Equity %
35.6%
ARV − DSCR loan ÷ ARV, day 1
$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
❌
FAILS FLIP
Min 20% ROI · 6-mo hold
-40.3%
Flip ROI
Cash to First Close
$26,490
what you bring day 1
Net Profit
−$18,168
Max Bid @ 20%
$216,225
−$18,168 profit  ÷  $45,053 total invested  =  -40.3%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$242,805
Purchase (95% LTV)
$227,905
Rehab (100%)
$14,900
Loan-to-ARV
81.5%
Monthly Interest
$2,021/mo
Down Payment5% of $239,900 purchase
$11,995
+
Origination Fee1 pts on $242,805 loan
$2,500
+
Closing Costs5% of purchase
$11,995
=
Cash to First Close
$26,490
Holding Period — 6 Months
HML Interest9.99% IO · $2,021/mo × 6$12,128
Property Taxes$612/mo × 6$3,671
Insurance$212/mo × 6$1,274
Total Holding Costs$17,073
Contingency Reserve10% of rehab — held, not at first close$1,490
Sale Event — Second Close
Sale Price (ARV)
$298,000
−
HML Principal Payofffull IO loan balance
$242,805
−
Closing Costs3.5% of sale price
$10,430
−
Realtor Commission6% of sale price
$17,880
=
Net Proceeds to You
$26,885
Deal Summary
Net Proceeds at Closing
$26,885
−
Cash to First Close
$26,490
−
Holding Costs (6 mo)
$17,073
−
Contingency Reserve
$1,490
=
NET PROFIT
−$18,168
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$219,873−$20,027
15%$218,036−$21,864
20% ←$216,225−$23,675
25%$214,440−$25,460
30%$212,680−$27,220
Scenario 4 — Turn Key DSCR
Direct DSCR purchase · 80% of ARV · 7.1% / 30yr · one close
❌
FAILS DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 80% of ARV
0.440x
DSCR
Cash to Close
$82,123
single close · no bridge
Monthly Cash Flow
−$723/mo
Cash-on-Cash Yr 1
-10.6%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$191,920
LTV (80% of ARV)
64.4%
Monthly P&I
$1,290/mo
Equity at Close
$47,980
Down Payment20.0% of $239,900 purchase
$47,980
+
Origination Fee1 pts on $191,920
$1,919
+
DSCR Closing Coststitle / appraisal / escrow
$3,838
+
Acquisition Closing5% of purchase
$11,995
+
Rehab Budgetcash, not financed by DSCR loan
$14,900
Contingency Reserve10% of rehab$1,490
=
Total Cash to Close
$82,123
Equity Position — Day 1 Post-Refi
Property Value
$298,000
−
DSCR Loan Balance
$191,920
=
Equity in Property
$106,080 (35.6%)
−
Capital Left in Deal
$82,123
=
Value Created
$23,957
$106,080 equity on $82,123 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,581
−
Property Taxes
$612
−
Insurance
$212
−
Maintenance (6% rent)
$95
−
Management (6% rent)
$95
=
OpEx Subtotal
$1,014
=
Net Operating Income
$567
−
DSCR P&I
$1,290/mo
=
Net Cash Flow
−$723/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.440x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.748x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,402/mo+$821 needed
1.10x$2,549/mo+$968 needed
1.20x$2,695/mo+$1,114 needed
1.30x ←$2,842/mo+$1,261 needed
1.40x$2,988/mo+$1,407 needed
10017 Morocco Rd, Houston, TX 77041 — MX Analyzer