10410 Tennis Ct, Houston, TX 77099
Houston, 77099
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Listing Agent
Caryn Beard
(281) 491-1776carynbeard@yahoo.com
MMX Group/10410 Tennis Ct, Houston, TX 77099
Flip19.7%✗
HM→DSCR0.805x✗
Cash→DSCR0.805x✗
New Deal

10410 Tennis Ct, Houston, TX 77099

5bd / 3ba · 2,904 sqft · built 1975 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.038x
FAIL
NOI ÷ debt service
Lender DSCR
1.163x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$46/mo
PASS
post all expenses · day 1
Cash to Close
$79,029
80% LTV · single close
Value Generated
$69,450
ARV − purchase − rehab
Starting Equity %
41.9%
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
19.7%
Flip ROI
Cash to First Close
$25,100
what you bring day 1
Net Profit
$8,440
Max Bid @ 20%
$226,109
$8,440 profit  ÷  $42,765 total invested  =  19.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$230,250
Purchase (95% LTV)
$214,700
Rehab (100%)
$15,550
Loan-to-ARV
74.0%
Monthly Interest
$1,917/mo
Down Payment5% of $226,000 purchase
$11,300
+
Origination Fee1 pts on $230,250 loan
$2,500
+
Closing Costs5% of purchase
$11,300
=
Cash to First Close
$25,100
Holding Period — 6 Months
HML Interest9.99% IO · $1,917/mo × 6$11,501
Property Taxes$567/mo × 6$3,401
Insurance$201/mo × 6$1,208
Total Holding Costs$16,110
Contingency Reserve10% of rehab — held, not at first close$1,555
Sale Event — Second Close
Sale Price (ARV)
$311,000
−
HML Principal Payofffull IO loan balance
$230,250
−
Closing Costs3.5% of sale price
$10,885
−
Realtor Commission6% of sale price
$18,660
=
Net Proceeds to You
$51,205
Deal Summary
Net Proceeds at Closing
$51,205
−
Cash to First Close
$25,100
−
Holding Costs (6 mo)
$16,110
−
Contingency Reserve
$1,555
=
NET PROFIT
$8,440
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$229,883✓ ok
15%$227,983✓ ok
20% ←$226,109✓ ok
25%$224,261−$1,739
30%$222,439−$3,561
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
1.038x
DSCR
Cash to Close
$79,029
single close · no bridge
Monthly Cash Flow
$46/mo
Cash-on-Cash Yr 1
0.7%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$180,800
LTV (80% of ARV)
58.1%
Monthly P&I
$1,215/mo
Equity at Close
$45,200
Down Payment20.0% of $226,000 purchase
$45,200
+
Origination Fee1 pts on $180,800
$1,808
+
DSCR Closing Coststitle / appraisal / escrow
$3,616
+
Acquisition Closing5% of purchase
$11,300
+
Rehab Budgetcash, not financed by DSCR loan
$15,550
Contingency Reserve10% of rehab$1,555
=
Total Cash to Close
$79,029
Equity Position — Day 1 Post-Refi
Property Value
$311,000
−
DSCR Loan Balance
$180,800
=
Equity in Property
$130,200 (41.9%)
−
Capital Left in Deal
$79,029
=
Value Created
$51,171
$130,200 equity on $79,029 deployed = 1.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,306
−
Property Taxes
$567
−
Insurance
$201
−
Maintenance (6% rent)
$138
−
Management (6% rent)
$138
=
OpEx Subtotal
$1,045
=
Net Operating Income
$1,261
−
DSCR P&I
$1,215/mo
=
Net Cash Flow
$46/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.038x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.163x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,254/mo✓ met
1.10x$2,392/mo+$86 needed
1.20x$2,530/mo+$224 needed
1.30x ←$2,668/mo+$362 needed
1.40x$2,806/mo+$500 needed