13303 Bridgepath Ct, Houston, TX 77041
Houston, 77041
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Listing Agent
Robert J Barcus
(281) 650-4422topagent@wt.net
MMX Group/13303 Bridgepath Ct, Houston, TX 77041
Flip-135.2%✗
HM→DSCR0.962x✗
Cash→DSCR0.962x✗
New Deal

13303 Bridgepath Ct, Houston, TX 77041

3bd / 2.5ba · 1,869 sqft · built 1984 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.935x
FAIL
NOI ÷ debt service
Lender DSCR
1.086x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$85/mo
FAIL
post all expenses · day 1
Cash to Close
$81,100
80% LTV · single close
Value Generated
$3,700
ARV − purchase − rehab
Starting Equity %
22.8%
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
-135.2%
Flip ROI
Cash to First Close
$27,000
what you bring day 1
Net Profit
−$59,850
Max Bid @ 20%
$185,010
−$59,850 profit  ÷  $44,270 total invested  =  -135.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$245,450
Purchase (95% LTV)
$232,750
Rehab (100%)
$12,700
Loan-to-ARV
96.6%
Monthly Interest
$2,043/mo
Down Payment5% of $245,000 purchase
$12,250
+
Origination Fee1 pts on $245,450 loan
$2,500
+
Closing Costs5% of purchase
$12,250
=
Cash to First Close
$27,000
Holding Period — 6 Months
HML Interest9.99% IO · $2,043/mo × 6$12,260
Property Taxes$409/mo × 6$2,451
Insurance$215/mo × 6$1,289
Total Holding Costs$16,000
Contingency Reserve10% of rehab — held, not at first close$1,270
Sale Event — Second Close
Sale Price (ARV)
$254,000
−
HML Principal Payofffull IO loan balance
$245,450
−
Closing Costs3.5% of sale price
$8,890
−
Realtor Commission6% of sale price
$15,240
=
Net Proceeds to You
−$15,580
Deal Summary
Net Proceeds at Closing
−$15,580
−
Cash to First Close
$27,000
−
Holding Costs (6 mo)
$16,000
−
Contingency Reserve
$1,270
=
NET PROFIT
−$59,850
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$188,069−$56,931
15%$186,529−$58,471
20% ←$185,010−$59,990
25%$183,513−$61,487
30%$182,037−$62,963
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
0.935x
DSCR
Cash to Close
$81,100
single close · no bridge
Monthly Cash Flow
−$85/mo
Cash-on-Cash Yr 1
-1.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$196,000
LTV (80% of ARV)
77.2%
Monthly P&I
$1,317/mo
Equity at Close
$49,000
Down Payment20.0% of $245,000 purchase
$49,000
+
Origination Fee1 pts on $196,000
$1,960
+
DSCR Closing Coststitle / appraisal / escrow
$3,920
+
Acquisition Closing5% of purchase
$12,250
+
Rehab Budgetcash, not financed by DSCR loan
$12,700
Contingency Reserve10% of rehab$1,270
=
Total Cash to Close
$81,100
Equity Position — Day 1 Post-Refi
Property Value
$254,000
−
DSCR Loan Balance
$196,000
=
Equity in Property
$58,000 (22.8%)
−
Capital Left in Deal
$81,100
=
Value Created
−$23,100
$58,000 equity on $81,100 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,108
−
Property Taxes
$409
−
Insurance
$215
−
Maintenance (6% rent)
$126
−
Management (6% rent)
$126
=
OpEx Subtotal
$876
=
Net Operating Income
$1,232
−
DSCR P&I
$1,317/mo
=
Net Cash Flow
−$85/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.935x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.086x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,205/mo+$97 needed
1.10x$2,355/mo+$247 needed
1.20x$2,504/mo+$396 needed
1.30x ←$2,654/mo+$546 needed
1.40x$2,804/mo+$696 needed