1505 Ryon St, Houston, TX 77009
Houston, 77009
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Listing Agent
Ozzie Ramirez
(281) 968-8444info@askozzie.com
MMX Group/1505 Ryon St, Houston, TX 77009
Flip-146.0%✗
HM→DSCR0.974x✗
Cash→DSCR0.974x✗
New Deal

1505 Ryon St, Houston, TX 77009

2bd / 1.5ba · 780 sqft · built 1940 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.929x
FAIL
NOI ÷ debt service
Lender DSCR
1.072x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$87/mo
FAIL
post all expenses · day 1
Cash to Close
$75,561
80% LTV · single close
Value Generated
$7,650
ARV − purchase − rehab
Starting Equity %
21.4%
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
-146.0%
Flip ROI
Cash to First Close
$25,400
what you bring day 1
Net Profit
−$58,228
Max Bid @ 20%
$171,362
−$58,228 profit  ÷  $39,893 total invested  =  -146.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$229,200
Purchase (95% LTV)
$217,550
Rehab (100%)
$11,650
Loan-to-ARV
98.4%
Monthly Interest
$1,908/mo
Down Payment5% of $229,000 purchase
$11,450
+
Origination Fee1 pts on $229,200 loan
$2,500
+
Closing Costs5% of purchase
$11,450
=
Cash to First Close
$25,400
Holding Period — 6 Months
HML Interest9.99% IO · $1,908/mo × 6$11,449
Property Taxes$113/mo × 6$677
Insurance$201/mo × 6$1,203
Total Holding Costs$13,328
Contingency Reserve10% of rehab — held, not at first close$1,165
Sale Event — Second Close
Sale Price (ARV)
$233,000
−
HML Principal Payofffull IO loan balance
$229,200
−
Closing Costs3.5% of sale price
$8,155
−
Realtor Commission6% of sale price
$13,980
=
Net Proceeds to You
−$18,335
Deal Summary
Net Proceeds at Closing
−$18,335
−
Cash to First Close
$25,400
−
Holding Costs (6 mo)
$13,328
−
Contingency Reserve
$1,165
=
NET PROFIT
−$58,228
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$174,053−$54,947
15%$172,698−$56,302
20% ←$171,362−$57,638
25%$170,045−$58,955
30%$168,747−$60,253
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
0.929x
DSCR
Cash to Close
$75,561
single close · no bridge
Monthly Cash Flow
−$87/mo
Cash-on-Cash Yr 1
-1.4%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$183,200
LTV (80% of ARV)
78.6%
Monthly P&I
$1,231/mo
Equity at Close
$45,800
Down Payment20.0% of $229,000 purchase
$45,800
+
Origination Fee1 pts on $183,200
$1,832
+
DSCR Closing Coststitle / appraisal / escrow
$3,664
+
Acquisition Closing5% of purchase
$11,450
+
Rehab Budgetcash, not financed by DSCR loan
$11,650
Contingency Reserve10% of rehab$1,165
=
Total Cash to Close
$75,561
Equity Position — Day 1 Post-Refi
Property Value
$233,000
−
DSCR Loan Balance
$183,200
=
Equity in Property
$49,800 (21.4%)
−
Capital Left in Deal
$75,561
=
Value Created
−$25,761
$49,800 equity on $75,561 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,656
−
Property Taxes
$113
−
Insurance
$201
−
Maintenance (6% rent)
$99
−
Management (6% rent)
$99
=
OpEx Subtotal
$512
=
Net Operating Income
$1,144
−
DSCR P&I
$1,231/mo
=
Net Cash Flow
−$87/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.929x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.072x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,755/mo+$99 needed
1.10x$1,895/mo+$239 needed
1.20x$2,035/mo+$379 needed
1.30x ←$2,175/mo+$519 needed
1.40x$2,315/mo+$659 needed
1505 Ryon St, Houston, TX 77009 — MX Analyzer