14467 Cardinal Forest Dr, Conroe, TX 77302
Conroe, 77302
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Listing Agent
Julie Berry
(936) 689-0481berryteamonline@gmail.com
MMX Group/14467 Cardinal Forest Dr, Conroe, TX 77302
Flip-193.5%✗
HM→DSCR0.626x✗
Cash→DSCR0.626x✗
New Deal

14467 Cardinal Forest Dr, Conroe, TX 77302

5bd / 4ba · 2,777 sqft · built 2023 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.587x
FAIL
NOI ÷ debt service
Lender DSCR
0.810x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$835/mo
FAIL
post all expenses · day 1
Cash to Close
$159,299
80% LTV · single close
Value Generated
$52,700
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
-193.5%
Flip ROI
Cash to First Close
$45,072
what you bring day 1
Net Profit
−$140,548
Max Bid @ 20%
$274,387
−$140,548 profit  ÷  $72,623 total invested  =  -193.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$408,205
Purchase (95% LTV)
$389,405
Rehab (100%)
$18,800
Loan-to-ARV
108.6%
Monthly Interest
$3,398/mo
Down Payment5% of $409,900 purchase
$20,495
+
Origination Fee1 pts on $408,205 loan
$4,082
+
Closing Costs5% of purchase
$20,495
=
Cash to First Close
$45,072
Holding Period — 6 Months
HML Interest9.99% IO · $3,398/mo × 6$20,390
Property Taxes$523/mo × 6$3,138
Insurance$357/mo × 6$2,144
Total Holding Costs$25,671
Contingency Reserve10% of rehab — held, not at first close$1,880
Sale Event — Second Close
Sale Price (ARV)
$376,000
−
HML Principal Payofffull IO loan balance
$408,205
−
Closing Costs3.5% of sale price
$13,160
−
Realtor Commission6% of sale price
$22,560
=
Net Proceeds to You
−$67,925
Deal Summary
Net Proceeds at Closing
−$67,925
−
Cash to First Close
$45,072
−
Holding Costs (6 mo)
$25,671
−
Contingency Reserve
$1,880
=
NET PROFIT
−$140,548
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$278,879−$131,021
15%$276,617−$133,283
20% ←$274,387−$135,513
25%$272,189−$137,711
30%$270,021−$139,879
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
0.587x
DSCR
Cash to Close
$159,299
single close · no bridge
Monthly Cash Flow
−$835/mo
Cash-on-Cash Yr 1
-6.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$300,800
LTV (80% of ARV)
80.0%
Monthly P&I
$2,021/mo
Equity at Close
$75,200
Down Payment26.6% of $409,900 purchase
$109,100
+
Origination Fee1 pts on $300,800
$3,008
+
DSCR Closing Coststitle / appraisal / escrow
$6,016
+
Acquisition Closing5% of purchase
$20,495
+
Rehab Budgetcash, not financed by DSCR loan
$18,800
Contingency Reserve10% of rehab$1,880
=
Total Cash to Close
$159,299
Equity Position — Day 1 Post-Refi
Property Value
$376,000
−
DSCR Loan Balance
$300,800
=
Equity in Property
$75,200 (20.0%)
−
Capital Left in Deal
$159,299
=
Value Created
−$84,099
$75,200 equity on $159,299 deployed = 0.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,349
−
Property Taxes
$523
−
Insurance
$357
−
Maintenance (6% rent)
$141
−
Management (6% rent)
$141
=
OpEx Subtotal
$1,162
=
Net Operating Income
$1,187
−
DSCR P&I
$2,021/mo
=
Net Cash Flow
−$835/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.587x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.810x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,297/mo+$948 needed
1.10x$3,527/mo+$1,178 needed
1.20x$3,757/mo+$1,408 needed
1.30x ←$3,987/mo+$1,638 needed
1.40x$4,216/mo+$1,867 needed