14026 Chinook Dr, Conroe, TX 77384
Conroe, 77384
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Listing Agent
Edgar Mora
(713) 294-4763e.jefferson.mora@gmail.com
MMX Group/14026 Chinook Dr, Conroe, TX 77384
Flip-218.7%✗
HM→DSCR1.343x✓
Cash→DSCR1.343x✓
New Deal

14026 Chinook Dr, Conroe, TX 77384

3bd / 2ba · 1,349 sqft · built 2023 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.259x
FAIL
NOI ÷ debt service
Lender DSCR
1.357x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$320/mo
PASS
post all expenses · day 1
Cash to Close
$111,415
80% LTV · single close
Value Generated
$44,900
ARV − purchase − rehab
Starting Equity %
20.0%
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
-218.7%
Flip ROI
Cash to First Close
$27,614
what you bring day 1
Net Profit
−$99,949
Max Bid @ 20%
$154,572
−$99,949 profit  ÷  $45,694 total invested  =  -218.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$262,405
Purchase (95% LTV)
$237,405
Rehab (100%)
$25,000
Loan-to-ARV
114.1%
Monthly Interest
$2,185/mo
Down Payment5% of $249,900 purchase
$12,495
+
Origination Fee1 pts on $262,405 loan
$2,624
+
Closing Costs5% of purchase
$12,495
=
Cash to First Close
$27,614
Holding Period — 6 Months
HML Interest9.99% IO · $2,185/mo × 6$13,107
Property Taxes$183/mo × 6$1,098
Insurance$229/mo × 6$1,375
Total Holding Costs$15,580
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$230,000
−
HML Principal Payofffull IO loan balance
$262,405
−
Closing Costs3.5% of sale price
$8,050
−
Realtor Commission6% of sale price
$13,800
=
Net Proceeds to You
−$54,255
Deal Summary
Net Proceeds at Closing
−$54,255
−
Cash to First Close
$27,614
−
Holding Costs (6 mo)
$15,580
−
Contingency Reserve
$2,500
=
NET PROFIT
−$99,949
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$157,254−$92,646
15%$155,904−$93,996
20% ←$154,572−$95,328
25%$153,260−$96,640
30%$151,965−$97,935
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
1.259x
DSCR
Cash to Close
$111,415
single close · no bridge
Monthly Cash Flow
$320/mo
Cash-on-Cash Yr 1
3.4%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$184,000
LTV (80% of ARV)
80.0%
Monthly P&I
$1,237/mo
Equity at Close
$46,000
Down Payment26.4% of $249,900 purchase
$65,900
+
Origination Fee1 pts on $184,000
$1,840
+
DSCR Closing Coststitle / appraisal / escrow
$3,680
+
Acquisition Closing5% of purchase
$12,495
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$111,415
Equity Position — Day 1 Post-Refi
Property Value
$230,000
−
DSCR Loan Balance
$184,000
=
Equity in Property
$46,000 (20.0%)
−
Capital Left in Deal
$111,415
=
Value Created
−$65,415
$46,000 equity on $111,415 deployed = 0.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,237
−
Property Taxes
$183
−
Insurance
$229
−
Maintenance (6% rent)
$134
−
Management (6% rent)
$134
=
OpEx Subtotal
$681
=
Net Operating Income
$1,556
−
DSCR P&I
$1,237/mo
=
Net Cash Flow
$320/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.259x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.357x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,873/mo✓ met
1.10x$2,014/mo✓ met
1.20x$2,154/mo✓ met
1.30x ←$2,295/mo+$58 needed
1.40x$2,435/mo+$198 needed