10703 Elmdale Dr, Houston, TX 77070
Houston, 77070
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Listing Agent
Adrian Moreno
(210) 589-2376adrian.moreno.satx@gmail.com
MMX Group/10703 Elmdale Dr, Houston, TX 77070
Flip-110.1%✗
HM→DSCR0.731x✗
Cash→DSCR0.731x✗
New Deal

10703 Elmdale Dr, Houston, TX 77070

5bd / 3.5ba · 2,944 sqft · built 1971 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.747x
FAIL
NOI ÷ debt service
Lender DSCR
0.926x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$483/mo
FAIL
post all expenses · day 1
Cash to Close
$118,555
80% LTV · single close
Value Generated
$12,650
ARV − purchase − rehab
Starting Equity %
26.6%
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
-110.1%
Flip ROI
Cash to First Close
$39,066
what you bring day 1
Net Profit
−$69,389
Max Bid @ 20%
$283,348
−$69,389 profit  ÷  $63,024 total invested  =  -110.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$356,600
Purchase (95% LTV)
$337,250
Rehab (100%)
$19,350
Loan-to-ARV
92.1%
Monthly Interest
$2,969/mo
Down Payment5% of $355,000 purchase
$17,750
+
Origination Fee1 pts on $356,600 loan
$3,566
+
Closing Costs5% of purchase
$17,750
=
Cash to First Close
$39,066
Holding Period — 6 Months
HML Interest9.99% IO · $2,969/mo × 6$17,812
Property Taxes$390/mo × 6$2,340
Insurance$312/mo × 6$1,872
Total Holding Costs$22,023
Contingency Reserve10% of rehab — held, not at first close$1,935
Sale Event — Second Close
Sale Price (ARV)
$387,000
−
HML Principal Payofffull IO loan balance
$356,600
−
Closing Costs3.5% of sale price
$13,545
−
Realtor Commission6% of sale price
$23,220
=
Net Proceeds to You
−$6,365
Deal Summary
Net Proceeds at Closing
−$6,365
−
Cash to First Close
$39,066
−
Holding Costs (6 mo)
$22,023
−
Contingency Reserve
$1,935
=
NET PROFIT
−$69,389
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$287,906−$67,094
15%$285,611−$69,389
20% ←$283,348−$71,652
25%$281,117−$73,883
30%$278,917−$76,083
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
0.747x
DSCR
Cash to Close
$118,555
single close · no bridge
Monthly Cash Flow
−$483/mo
Cash-on-Cash Yr 1
-4.9%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$284,000
LTV (80% of ARV)
73.4%
Monthly P&I
$1,909/mo
Equity at Close
$71,000
Down Payment20.0% of $355,000 purchase
$71,000
+
Origination Fee1 pts on $284,000
$2,840
+
DSCR Closing Coststitle / appraisal / escrow
$5,680
+
Acquisition Closing5% of purchase
$17,750
+
Rehab Budgetcash, not financed by DSCR loan
$19,350
Contingency Reserve10% of rehab$1,935
=
Total Cash to Close
$118,555
Equity Position — Day 1 Post-Refi
Property Value
$387,000
−
DSCR Loan Balance
$284,000
=
Equity in Property
$103,000 (26.6%)
−
Capital Left in Deal
$118,555
=
Value Created
−$15,555
$103,000 equity on $118,555 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,417
−
Property Taxes
$390
−
Insurance
$312
−
Maintenance (6% rent)
$145
−
Management (6% rent)
$145
=
OpEx Subtotal
$992
=
Net Operating Income
$1,425
−
DSCR P&I
$1,909/mo
=
Net Cash Flow
−$483/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.747x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.926x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,966/mo+$549 needed
1.10x$3,183/mo+$766 needed
1.20x$3,400/mo+$983 needed
1.30x ←$3,617/mo+$1,200 needed
1.40x$3,834/mo+$1,417 needed