13827 Lantern Ln, Houston, TX 77015
Houston, 77015
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Listing Agent
Henry Molenaar
(832) 250-2004henry10@swbell.net
MMX Group/13827 Lantern Ln, Houston, TX 77015
Flip10.8%✗
HM→DSCR1.228x✗
Cash→DSCR1.228x✗
New Deal

13827 Lantern Ln, Houston, TX 77015

3bd / 1.5ba · 1,462 sqft · built 1964 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.554x
PASS
NOI ÷ debt service
Lender DSCR
1.605x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$477/mo
PASS
post all expenses · day 1
Cash to Close
$55,720
80% LTV · single close
Value Generated
$45,200
ARV − purchase − rehab
Starting Equity %
40.7%
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
10.8%
Flip ROI
Cash to First Close
$18,500
what you bring day 1
Net Profit
$3,191
Max Bid @ 20%
$158,549
$3,191 profit  ÷  $29,489 total invested  =  10.8%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$162,800
Purchase (95% LTV)
$152,000
Rehab (100%)
$10,800
Loan-to-ARV
75.4%
Monthly Interest
$1,355/mo
Down Payment5% of $160,000 purchase
$8,000
+
Origination Fee1 pts on $162,800 loan
$2,500
+
Closing Costs5% of purchase
$8,000
=
Cash to First Close
$18,500
Holding Period — 6 Months
HML Interest9.99% IO · $1,355/mo × 6$8,132
Property Taxes$154/mo × 6$924
Insurance$142/mo × 6$854
Total Holding Costs$9,909
Contingency Reserve10% of rehab — held, not at first close$1,080
Sale Event — Second Close
Sale Price (ARV)
$216,000
−
HML Principal Payofffull IO loan balance
$162,800
−
Closing Costs3.5% of sale price
$7,560
−
Realtor Commission6% of sale price
$12,960
=
Net Proceeds to You
$32,680
Deal Summary
Net Proceeds at Closing
$32,680
−
Cash to First Close
$18,500
−
Holding Costs (6 mo)
$9,909
−
Contingency Reserve
$1,080
=
NET PROFIT
$3,191
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$161,064✓ ok
15%$159,798−$202
20% ←$158,549−$1,451
25%$157,317−$2,683
30%$156,103−$3,897
Scenario 4 — Turn Key DSCR
Direct DSCR purchase · 80% of ARV · 7.1% / 30yr · one close
✅
PASSES DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 80% of ARV
1.554x
DSCR
Cash to Close
$55,720
single close · no bridge
Monthly Cash Flow
$477/mo
Cash-on-Cash Yr 1
10.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$128,000
LTV (80% of ARV)
59.3%
Monthly P&I
$860/mo
Equity at Close
$32,000
Down Payment20.0% of $160,000 purchase
$32,000
+
Origination Fee1 pts on $128,000
$1,280
+
DSCR Closing Coststitle / appraisal / escrow
$2,560
+
Acquisition Closing5% of purchase
$8,000
+
Rehab Budgetcash, not financed by DSCR loan
$10,800
Contingency Reserve10% of rehab$1,080
=
Total Cash to Close
$55,720
Equity Position — Day 1 Post-Refi
Property Value
$216,000
−
DSCR Loan Balance
$128,000
=
Equity in Property
$88,000 (40.7%)
−
Capital Left in Deal
$55,720
=
Value Created
$32,280
$88,000 equity on $55,720 deployed = 1.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,856
−
Property Taxes
$154
−
Insurance
$142
−
Maintenance (6% rent)
$111
−
Management (6% rent)
$111
=
OpEx Subtotal
$519
=
Net Operating Income
$1,337
−
DSCR P&I
$860/mo
=
Net Cash Flow
$477/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.554x✓ Pass
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.605x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,314/mo✓ met
1.10x$1,412/mo✓ met
1.20x$1,510/mo✓ met
1.30x ←$1,607/mo✓ met
1.40x$1,705/mo✓ met