15318 Leeds Ln, Houston, TX 77040
Houston, 77040
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Listing Agent
Gerald Gonzalez
(832) 877-6946
MMX Group/15318 Leeds Ln, Houston, TX 77040
Flip-139.7%✗
HM→DSCR0.400x✗
Cash→DSCR0.400x✗
New Deal

15318 Leeds Ln, Houston, TX 77040

3bd / 2ba · 2,315 sqft · built 1973 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.392x
FAIL
NOI ÷ debt service
Lender DSCR
0.709x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$1,161/mo
FAIL
post all expenses · day 1
Cash to Close
$124,770
80% LTV · single close
Value Generated
$9,000
ARV − purchase − rehab
Starting Equity %
23.5%
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
-139.7%
Flip ROI
Cash to First Close
$39,123
what you bring day 1
Net Profit
−$93,291
Max Bid @ 20%
$261,802
−$93,291 profit  ÷  $66,796 total invested  =  -139.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$362,250
Purchase (95% LTV)
$337,250
Rehab (100%)
$25,000
Loan-to-ARV
97.6%
Monthly Interest
$3,016/mo
Down Payment5% of $355,000 purchase
$17,750
+
Origination Fee1 pts on $362,250 loan
$3,623
+
Closing Costs5% of purchase
$17,750
=
Cash to First Close
$39,123
Holding Period — 6 Months
HML Interest9.99% IO · $3,016/mo × 6$18,094
Property Taxes$863/mo × 6$5,180
Insurance$317/mo × 6$1,900
Total Holding Costs$25,174
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$371,000
−
HML Principal Payofffull IO loan balance
$362,250
−
Closing Costs3.5% of sale price
$12,985
−
Realtor Commission6% of sale price
$22,260
=
Net Proceeds to You
−$26,495
Deal Summary
Net Proceeds at Closing
−$26,495
−
Cash to First Close
$39,123
−
Holding Costs (6 mo)
$25,174
−
Contingency Reserve
$2,500
=
NET PROFIT
−$93,291
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$266,385−$88,615
15%$264,077−$90,923
20% ←$261,802−$93,198
25%$259,559−$95,441
30%$257,347−$97,653
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
0.392x
DSCR
Cash to Close
$124,770
single close · no bridge
Monthly Cash Flow
−$1,161/mo
Cash-on-Cash Yr 1
-11.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$284,000
LTV (80% of ARV)
76.5%
Monthly P&I
$1,909/mo
Equity at Close
$71,000
Down Payment20.0% of $355,000 purchase
$71,000
+
Origination Fee1 pts on $284,000
$2,840
+
DSCR Closing Coststitle / appraisal / escrow
$5,680
+
Acquisition Closing5% of purchase
$17,750
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$124,770
Equity Position — Day 1 Post-Refi
Property Value
$371,000
−
DSCR Loan Balance
$284,000
=
Equity in Property
$87,000 (23.5%)
−
Capital Left in Deal
$124,770
=
Value Created
−$37,770
$87,000 equity on $124,770 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,190
−
Property Taxes
$863
−
Insurance
$317
−
Maintenance (6% rent)
$131
−
Management (6% rent)
$131
=
OpEx Subtotal
$1,443
=
Net Operating Income
$747
−
DSCR P&I
$1,909/mo
=
Net Cash Flow
−$1,161/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.392x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.709x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,510/mo+$1,320 needed
1.10x$3,727/mo+$1,537 needed
1.20x$3,943/mo+$1,753 needed
1.30x ←$4,160/mo+$1,970 needed
1.40x$4,377/mo+$2,187 needed