1130 Hoffman St, Houston, TX 77020
Houston, 77020
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Listing Agent
Kimberly Walt
(713) 777-7653kimberlywalt@remax.net
MMX Group/1130 Hoffman St, Houston, TX 77020
Flip-39.2%✗
HM→DSCR1.103x✗
Cash→DSCR1.103x✗
New Deal

1130 Hoffman St, Houston, TX 77020

3bd / 2ba · 1,792 sqft · built 1947 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.284x
FAIL
NOI ÷ debt service
Lender DSCR
1.355x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$328/mo
PASS
post all expenses · day 1
Cash to Close
$73,591
80% LTV · single close
Value Generated
$38,663
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
-39.2%
Flip ROI
Cash to First Close
$23,999
what you bring day 1
Net Profit
−$15,475
Max Bid @ 20%
$194,897
−$15,475 profit  ÷  $39,522 total invested  =  -39.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$217,588
Purchase (95% LTV)
$204,238
Rehab (100%)
$13,350
Loan-to-ARV
81.5%
Monthly Interest
$1,811/mo
Down Payment5% of $214,987 purchase
$10,749
+
Origination Fee1 pts on $217,588 loan
$2,500
+
Closing Costs5% of purchase
$10,749
=
Cash to First Close
$23,999
Holding Period — 6 Months
HML Interest9.99% IO · $1,811/mo × 6$10,869
Property Taxes$363/mo × 6$2,178
Insurance$190/mo × 6$1,142
Total Holding Costs$14,188
Contingency Reserve10% of rehab — held, not at first close$1,335
Sale Event — Second Close
Sale Price (ARV)
$267,000
−
HML Principal Payofffull IO loan balance
$217,588
−
Closing Costs3.5% of sale price
$9,345
−
Realtor Commission6% of sale price
$16,020
=
Net Proceeds to You
$24,047
Deal Summary
Net Proceeds at Closing
$24,047
−
Cash to First Close
$23,999
−
Holding Costs (6 mo)
$14,188
−
Contingency Reserve
$1,335
=
NET PROFIT
−$15,475
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$198,083−$16,904
15%$196,479−$18,508
20% ←$194,897−$20,090
25%$193,337−$21,650
30%$191,800−$23,187
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
1.284x
DSCR
Cash to Close
$73,591
single close · no bridge
Monthly Cash Flow
$328/mo
Cash-on-Cash Yr 1
5.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$171,990
LTV (80% of ARV)
64.4%
Monthly P&I
$1,156/mo
Equity at Close
$42,997
Down Payment20.0% of $214,987 purchase
$42,997
+
Origination Fee1 pts on $171,990
$1,720
+
DSCR Closing Coststitle / appraisal / escrow
$3,440
+
Acquisition Closing5% of purchase
$10,749
+
Rehab Budgetcash, not financed by DSCR loan
$13,350
Contingency Reserve10% of rehab$1,335
=
Total Cash to Close
$73,591
Equity Position — Day 1 Post-Refi
Property Value
$267,000
−
DSCR Loan Balance
$171,990
=
Equity in Property
$95,010 (35.6%)
−
Capital Left in Deal
$73,591
=
Value Created
$21,419
$95,010 equity on $73,591 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,315
−
Property Taxes
$363
−
Insurance
$190
−
Maintenance (6% rent)
$139
−
Management (6% rent)
$139
=
OpEx Subtotal
$831
=
Net Operating Income
$1,484
−
DSCR P&I
$1,156/mo
=
Net Cash Flow
$328/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.284x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.355x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,942/mo✓ met
1.10x$2,074/mo✓ met
1.20x$2,205/mo✓ met
1.30x ←$2,336/mo+$21 needed
1.40x$2,468/mo+$153 needed
1130 Hoffman St, Houston, TX 77020 — MX Analyzer