11623 W Bellfort Ave, Houston, TX 77099
Houston, 77099
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Listing Agent
Joel Arredondo
(713) 545-3135remaxjoel@yahoo.com
MMX Group/11623 W Bellfort Ave, Houston, TX 77099
Flip37.5%✓
HM→DSCR0.786x✗
Cash→DSCR0.786x✗
New Deal

11623 W Bellfort Ave, Houston, TX 77099

4bd / 2ba · 1,876 sqft · built 1972 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.049x
FAIL
NOI ÷ debt service
Lender DSCR
1.170x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$46/mo
PASS
post all expenses · day 1
Cash to Close
$61,618
80% LTV · single close
Value Generated
$61,650
ARV − purchase − rehab
Starting Equity %
43.8%
ARV − DSCR loan ÷ ARV, day 1
$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
37.5%
Flip ROI
Cash to First Close
$19,990
what you bring day 1
Net Profit
$12,750
Max Bid @ 20%
$180,850
$12,750 profit  ÷  $33,990 total invested  =  37.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$178,605
Purchase (95% LTV)
$166,155
Rehab (100%)
$12,450
Loan-to-ARV
71.7%
Monthly Interest
$1,487/mo
Down Payment5% of $174,900 purchase
$8,745
+
Origination Fee1 pts on $178,605 loan
$2,500
+
Closing Costs5% of purchase
$8,745
=
Cash to First Close
$19,990
Holding Period — 6 Months
HML Interest9.99% IO · $1,487/mo × 6$8,921
Property Taxes$483/mo × 6$2,897
Insurance$156/mo × 6$937
Total Holding Costs$12,755
Contingency Reserve10% of rehab — held, not at first close$1,245
Sale Event — Second Close
Sale Price (ARV)
$249,000
−
HML Principal Payofffull IO loan balance
$178,605
−
Closing Costs3.5% of sale price
$8,715
−
Realtor Commission6% of sale price
$14,940
=
Net Proceeds to You
$46,740
Deal Summary
Net Proceeds at Closing
$46,740
−
Cash to First Close
$19,990
−
Holding Costs (6 mo)
$12,755
−
Contingency Reserve
$1,245
=
NET PROFIT
$12,750
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$183,885✓ ok
15%$182,357✓ ok
20% ←$180,850✓ ok
25%$179,365✓ ok
30%$177,900✓ ok
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
1.049x
DSCR
Cash to Close
$61,618
single close · no bridge
Monthly Cash Flow
$46/mo
Cash-on-Cash Yr 1
0.9%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$139,920
LTV (80% of ARV)
56.2%
Monthly P&I
$940/mo
Equity at Close
$34,980
Down Payment20.0% of $174,900 purchase
$34,980
+
Origination Fee1 pts on $139,920
$1,399
+
DSCR Closing Coststitle / appraisal / escrow
$2,798
+
Acquisition Closing5% of purchase
$8,745
+
Rehab Budgetcash, not financed by DSCR loan
$12,450
Contingency Reserve10% of rehab$1,245
=
Total Cash to Close
$61,618
Equity Position — Day 1 Post-Refi
Property Value
$249,000
−
DSCR Loan Balance
$139,920
=
Equity in Property
$109,080 (43.8%)
−
Capital Left in Deal
$61,618
=
Value Created
$47,462
$109,080 equity on $61,618 deployed = 1.8× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,847
−
Property Taxes
$483
−
Insurance
$156
−
Maintenance (6% rent)
$111
−
Management (6% rent)
$111
=
OpEx Subtotal
$861
=
Net Operating Income
$986
−
DSCR P&I
$940/mo
=
Net Cash Flow
$46/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.049x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.170x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,795/mo✓ met
1.10x$1,901/mo+$54 needed
1.20x$2,008/mo+$161 needed
1.30x ←$2,115/mo+$268 needed
1.40x$2,222/mo+$375 needed
11623 W Bellfort Ave, Houston, TX 77099 — MX Analyzer