14926 Parkville Dr, Houston, TX 77068
Houston, 77068
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Listing Agent
Horace Beard
(832) 224-6200hbeard@horacebeard.com
MMX Group/14926 Parkville Dr, Houston, TX 77068
Flip-62.5%✗
HM→DSCR0.922x✗
Cash→DSCR0.922x✗
New Deal

14926 Parkville Dr, Houston, TX 77068

4bd / 2.5ba · 2,600 sqft · built 1972 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.030x
FAIL
NOI ÷ debt service
Lender DSCR
1.158x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$40/mo
PASS
post all expenses · day 1
Cash to Close
$84,040
80% LTV · single close
Value Generated
$32,750
ARV − purchase − rehab
Starting Equity %
32.9%
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
-62.5%
Flip ROI
Cash to First Close
$27,250
what you bring day 1
Net Profit
−$28,545
Max Bid @ 20%
$214,580
−$28,545 profit  ÷  $45,645 total invested  =  -62.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$249,875
Purchase (95% LTV)
$235,125
Rehab (100%)
$14,750
Loan-to-ARV
84.7%
Monthly Interest
$2,080/mo
Down Payment5% of $247,500 purchase
$12,375
+
Origination Fee1 pts on $249,875 loan
$2,500
+
Closing Costs5% of purchase
$12,375
=
Cash to First Close
$27,250
Holding Period — 6 Months
HML Interest9.99% IO · $2,080/mo × 6$12,481
Property Taxes$521/mo × 6$3,127
Insurance$219/mo × 6$1,311
Total Holding Costs$16,920
Contingency Reserve10% of rehab — held, not at first close$1,475
Sale Event — Second Close
Sale Price (ARV)
$295,000
−
HML Principal Payofffull IO loan balance
$249,875
−
Closing Costs3.5% of sale price
$10,325
−
Realtor Commission6% of sale price
$17,700
=
Net Proceeds to You
$17,100
Deal Summary
Net Proceeds at Closing
$17,100
−
Cash to First Close
$27,250
−
Holding Costs (6 mo)
$16,920
−
Contingency Reserve
$1,475
=
NET PROFIT
−$28,545
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$218,153−$29,347
15%$216,354−$31,146
20% ←$214,580−$32,920
25%$212,831−$34,669
30%$211,106−$36,394
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
1.030x
DSCR
Cash to Close
$84,040
single close · no bridge
Monthly Cash Flow
$40/mo
Cash-on-Cash Yr 1
0.6%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$198,000
LTV (80% of ARV)
67.1%
Monthly P&I
$1,331/mo
Equity at Close
$49,500
Down Payment20.0% of $247,500 purchase
$49,500
+
Origination Fee1 pts on $198,000
$1,980
+
DSCR Closing Coststitle / appraisal / escrow
$3,960
+
Acquisition Closing5% of purchase
$12,375
+
Rehab Budgetcash, not financed by DSCR loan
$14,750
Contingency Reserve10% of rehab$1,475
=
Total Cash to Close
$84,040
Equity Position — Day 1 Post-Refi
Property Value
$295,000
−
DSCR Loan Balance
$198,000
=
Equity in Property
$97,000 (32.9%)
−
Capital Left in Deal
$84,040
=
Value Created
$12,960
$97,000 equity on $84,040 deployed = 1.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,398
−
Property Taxes
$521
−
Insurance
$219
−
Maintenance (6% rent)
$144
−
Management (6% rent)
$144
=
OpEx Subtotal
$1,027
=
Net Operating Income
$1,371
−
DSCR P&I
$1,331/mo
=
Net Cash Flow
$40/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.030x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.158x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,353/mo✓ met
1.10x$2,504/mo+$106 needed
1.20x$2,655/mo+$257 needed
1.30x ←$2,806/mo+$408 needed
1.40x$2,957/mo+$559 needed