15338 Majestic Knight Dr, Houston, TX 77044
Houston, 77044
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Listing Agent
Deainna Husband
(832) 930-0208deainna@gmail.com
MMX Group/15338 Majestic Knight Dr, Houston, TX 77044
Flip-140.7%✗
HM→DSCR0.423x✗
Cash→DSCR0.423x✗
New Deal

15338 Majestic Knight Dr, Houston, TX 77044

4bd / 2.5ba · 2,293 sqft · built 2023 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.417x
FAIL
NOI ÷ debt service
Lender DSCR
0.744x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$997/mo
FAIL
post all expenses · day 1
Cash to Close
$114,632
80% LTV · single close
Value Generated
$9,000
ARV − purchase − rehab
Starting Equity %
23.8%
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
-140.7%
Flip ROI
Cash to First Close
$35,071
what you bring day 1
Net Profit
−$85,834
Max Bid @ 20%
$232,331
−$85,834 profit  ÷  $61,004 total invested  =  -140.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$327,100
Purchase (95% LTV)
$302,100
Rehab (100%)
$25,000
Loan-to-ARV
97.9%
Monthly Interest
$2,723/mo
Down Payment5% of $318,000 purchase
$15,900
+
Origination Fee1 pts on $327,100 loan
$3,271
+
Closing Costs5% of purchase
$15,900
=
Cash to First Close
$35,071
Holding Period — 6 Months
HML Interest9.99% IO · $2,723/mo × 6$16,339
Property Taxes$897/mo × 6$5,380
Insurance$286/mo × 6$1,715
Total Holding Costs$23,433
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$334,000
−
HML Principal Payofffull IO loan balance
$327,100
−
Closing Costs3.5% of sale price
$11,690
−
Realtor Commission6% of sale price
$20,040
=
Net Proceeds to You
−$24,830
Deal Summary
Net Proceeds at Closing
−$24,830
−
Cash to First Close
$35,071
−
Holding Costs (6 mo)
$23,433
−
Contingency Reserve
$2,500
=
NET PROFIT
−$85,834
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$236,508−$81,492
15%$234,405−$83,595
20% ←$232,331−$85,669
25%$230,286−$87,714
30%$228,270−$89,730
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
0.417x
DSCR
Cash to Close
$114,632
single close · no bridge
Monthly Cash Flow
−$997/mo
Cash-on-Cash Yr 1
-10.4%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$254,400
LTV (80% of ARV)
76.2%
Monthly P&I
$1,710/mo
Equity at Close
$63,600
Down Payment20.0% of $318,000 purchase
$63,600
+
Origination Fee1 pts on $254,400
$2,544
+
DSCR Closing Coststitle / appraisal / escrow
$5,088
+
Acquisition Closing5% of purchase
$15,900
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$114,632
Equity Position — Day 1 Post-Refi
Property Value
$334,000
−
DSCR Loan Balance
$254,400
=
Equity in Property
$79,600 (23.8%)
−
Capital Left in Deal
$114,632
=
Value Created
−$35,032
$79,600 equity on $114,632 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,153
−
Property Taxes
$897
−
Insurance
$286
−
Maintenance (6% rent)
$129
−
Management (6% rent)
$129
=
OpEx Subtotal
$1,441
=
Net Operating Income
$712
−
DSCR P&I
$1,710/mo
=
Net Cash Flow
−$997/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.417x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.744x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,286/mo+$1,133 needed
1.10x$3,481/mo+$1,328 needed
1.20x$3,675/mo+$1,522 needed
1.30x ←$3,869/mo+$1,716 needed
1.40x$4,064/mo+$1,911 needed
15338 Majestic Knight Dr, Houston, TX 77044 — MX Analyzer