1041 Shore Shadow Dr, Houston, TX 77336
Houston, 77336
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Listing Agent
Deanna Parsons
(832) 444-8219deanna@hillandassocs.com
MMX Group/1041 Shore Shadow Dr, Houston, TX 77336
Flip-143.4%✗
HM→DSCR1.075x✗
Cash→DSCR1.075x✗
New Deal

1041 Shore Shadow Dr, Houston, TX 77336

3bd / 1.5ba · 1,582 sqft · built 1962 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.094x
FAIL
NOI ÷ debt service
Lender DSCR
1.219x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$112/mo
PASS
post all expenses · day 1
Cash to Close
$87,780
80% LTV · single close
Value Generated
$6,000
ARV − purchase − rehab
Starting Equity %
26.4%
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
-143.4%
Flip ROI
Cash to First Close
$24,500
what you bring day 1
Net Profit
−$58,542
Max Bid @ 20%
$161,873
−$58,542 profit  ÷  $40,837 total invested  =  -143.4%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$234,000
Purchase (95% LTV)
$209,000
Rehab (100%)
$25,000
Loan-to-ARV
97.9%
Monthly Interest
$1,948/mo
Down Payment5% of $220,000 purchase
$11,000
+
Origination Fee1 pts on $234,000 loan
$2,500
+
Closing Costs5% of purchase
$11,000
=
Cash to First Close
$24,500
Holding Period — 6 Months
HML Interest9.99% IO · $1,948/mo × 6$11,688
Property Taxes$154/mo × 6$924
Insurance$204/mo × 6$1,225
Total Holding Costs$13,837
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$239,000
−
HML Principal Payofffull IO loan balance
$234,000
−
Closing Costs3.5% of sale price
$8,365
−
Realtor Commission6% of sale price
$14,340
=
Net Proceeds to You
−$17,705
Deal Summary
Net Proceeds at Closing
−$17,705
−
Cash to First Close
$24,500
−
Holding Costs (6 mo)
$13,837
−
Contingency Reserve
$2,500
=
NET PROFIT
−$58,542
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$164,644−$55,356
15%$163,248−$56,752
20% ←$161,873−$58,127
25%$160,516−$59,484
30%$159,179−$60,821
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
1.094x
DSCR
Cash to Close
$87,780
single close · no bridge
Monthly Cash Flow
$112/mo
Cash-on-Cash Yr 1
1.5%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$176,000
LTV (80% of ARV)
73.6%
Monthly P&I
$1,183/mo
Equity at Close
$44,000
Down Payment20.0% of $220,000 purchase
$44,000
+
Origination Fee1 pts on $176,000
$1,760
+
DSCR Closing Coststitle / appraisal / escrow
$3,520
+
Acquisition Closing5% of purchase
$11,000
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$87,780
Equity Position — Day 1 Post-Refi
Property Value
$239,000
−
DSCR Loan Balance
$176,000
=
Equity in Property
$63,000 (26.4%)
−
Capital Left in Deal
$87,780
=
Value Created
−$24,780
$63,000 equity on $87,780 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,878
−
Property Taxes
$154
−
Insurance
$204
−
Maintenance (6% rent)
$113
−
Management (6% rent)
$113
=
OpEx Subtotal
$584
=
Net Operating Income
$1,294
−
DSCR P&I
$1,183/mo
=
Net Cash Flow
$112/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.094x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.219x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,751/mo✓ met
1.10x$1,885/mo+$7 needed
1.20x$2,020/mo+$142 needed
1.30x ←$2,154/mo+$276 needed
1.40x$2,289/mo+$411 needed