15218 Foster Springs Ln, Houston, TX 77095
Houston, 77095
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Listing Agent
Chris J. Lawrence
(832) 455-3550chris@trillionaireassets.com
MMX Group/15218 Foster Springs Ln, Houston, TX 77095
Flip69.9%✓
HM→DSCR0.761x✗
Cash→DSCR0.761x✗
New Deal

15218 Foster Springs Ln, Houston, TX 77095

4bd / 3.5ba · 2,991 sqft · built 1995 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.052x
FAIL
NOI ÷ debt service
Lender DSCR
1.177x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$73/mo
PASS
post all expenses · day 1
Cash to Close
$93,402
80% LTV · single close
Value Generated
$105,600
ARV − purchase − rehab
Starting Equity %
45.8%
ARV − DSCR loan ÷ ARV, day 1
$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
69.9%
Flip ROI
Cash to First Close
$28,993
what you bring day 1
Net Profit
$33,703
Max Bid @ 20%
$284,030
$33,703 profit  ÷  $48,187 total invested  =  69.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$269,250
Purchase (95% LTV)
$249,850
Rehab (100%)
$19,400
Loan-to-ARV
69.4%
Monthly Interest
$2,242/mo
Down Payment5% of $263,000 purchase
$13,150
+
Origination Fee1 pts on $269,250 loan
$2,693
+
Closing Costs5% of purchase
$13,150
=
Cash to First Close
$28,993
Holding Period — 6 Months
HML Interest9.99% IO · $2,242/mo × 6$13,449
Property Taxes$399/mo × 6$2,394
Insurance$235/mo × 6$1,412
Total Holding Costs$17,255
Contingency Reserve10% of rehab — held, not at first close$1,940
Sale Event — Second Close
Sale Price (ARV)
$388,000
−
HML Principal Payofffull IO loan balance
$269,250
−
Closing Costs3.5% of sale price
$13,580
−
Realtor Commission6% of sale price
$23,280
=
Net Proceeds to You
$81,890
Deal Summary
Net Proceeds at Closing
$81,890
−
Cash to First Close
$28,993
−
Holding Costs (6 mo)
$17,255
−
Contingency Reserve
$1,940
=
NET PROFIT
$33,703
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$288,603✓ ok
15%$286,300✓ ok
20% ←$284,030✓ ok
25%$281,792✓ ok
30%$279,584✓ ok
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
1.052x
DSCR
Cash to Close
$93,402
single close · no bridge
Monthly Cash Flow
$73/mo
Cash-on-Cash Yr 1
0.9%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$210,400
LTV (80% of ARV)
54.2%
Monthly P&I
$1,414/mo
Equity at Close
$52,600
Down Payment20.0% of $263,000 purchase
$52,600
+
Origination Fee1 pts on $210,400
$2,104
+
DSCR Closing Coststitle / appraisal / escrow
$4,208
+
Acquisition Closing5% of purchase
$13,150
+
Rehab Budgetcash, not financed by DSCR loan
$19,400
Contingency Reserve10% of rehab$1,940
=
Total Cash to Close
$93,402
Equity Position — Day 1 Post-Refi
Property Value
$388,000
−
DSCR Loan Balance
$210,400
=
Equity in Property
$177,600 (45.8%)
−
Capital Left in Deal
$93,402
=
Value Created
$84,198
$177,600 equity on $93,402 deployed = 1.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,411
−
Property Taxes
$399
−
Insurance
$235
−
Maintenance (6% rent)
$145
−
Management (6% rent)
$145
=
OpEx Subtotal
$924
=
Net Operating Income
$1,487
−
DSCR P&I
$1,414/mo
=
Net Cash Flow
$73/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.052x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.177x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,328/mo✓ met
1.10x$2,488/mo+$77 needed
1.20x$2,649/mo+$238 needed
1.30x ←$2,810/mo+$399 needed
1.40x$2,970/mo+$559 needed