15611 Red Panda Rd, Conroe, TX 77302
Conroe, 77302
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Listing Agent
Empowerhome Team Houston
(832) 979-4548houstoninfo@empowerhome.com
MMX Group/15611 Red Panda Rd, Conroe, TX 77302
Flip-131.9%✗
HM→DSCR0.574x✗
Cash→DSCR0.574x✗
New Deal

15611 Red Panda Rd, Conroe, TX 77302

3bd / 2ba · 1,610 sqft · built 2024 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.562x
FAIL
NOI ÷ debt service
Lender DSCR
0.745x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$764/mo
FAIL
post all expenses · day 1
Cash to Close
$107,750
80% LTV · single close
Value Generated
$2,000
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
-131.9%
Flip ROI
Cash to First Close
$35,758
what you bring day 1
Net Profit
−$74,620
Max Bid @ 20%
$249,905
−$74,620 profit  ÷  $56,570 total invested  =  -131.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$325,750
Purchase (95% LTV)
$308,750
Rehab (100%)
$17,000
Loan-to-ARV
95.8%
Monthly Interest
$2,712/mo
Down Payment5% of $325,000 purchase
$16,250
+
Origination Fee1 pts on $325,750 loan
$3,258
+
Closing Costs5% of purchase
$16,250
=
Cash to First Close
$35,758
Holding Period — 6 Months
HML Interest9.99% IO · $2,712/mo × 6$16,271
Property Taxes$189/mo × 6$1,132
Insurance$285/mo × 6$1,710
Total Holding Costs$19,113
Contingency Reserve10% of rehab — held, not at first close$1,700
Sale Event — Second Close
Sale Price (ARV)
$340,000
−
HML Principal Payofffull IO loan balance
$325,750
−
Closing Costs3.5% of sale price
$11,900
−
Realtor Commission6% of sale price
$20,400
=
Net Proceeds to You
−$18,050
Deal Summary
Net Proceeds at Closing
−$18,050
−
Cash to First Close
$35,758
−
Holding Costs (6 mo)
$19,113
−
Contingency Reserve
$1,700
=
NET PROFIT
−$74,620
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$253,842−$71,158
15%$251,859−$73,141
20% ←$249,905−$75,095
25%$247,978−$77,022
30%$246,079−$78,921
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
0.562x
DSCR
Cash to Close
$107,750
single close · no bridge
Monthly Cash Flow
−$764/mo
Cash-on-Cash Yr 1
-8.5%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$260,000
LTV (80% of ARV)
76.5%
Monthly P&I
$1,747/mo
Equity at Close
$65,000
Down Payment20.0% of $325,000 purchase
$65,000
+
Origination Fee1 pts on $260,000
$2,600
+
DSCR Closing Coststitle / appraisal / escrow
$5,200
+
Acquisition Closing5% of purchase
$16,250
+
Rehab Budgetcash, not financed by DSCR loan
$17,000
Contingency Reserve10% of rehab$1,700
=
Total Cash to Close
$107,750
Equity Position — Day 1 Post-Refi
Property Value
$340,000
−
DSCR Loan Balance
$260,000
=
Equity in Property
$80,000 (23.5%)
−
Capital Left in Deal
$107,750
=
Value Created
−$27,750
$80,000 equity on $107,750 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,655
−
Property Taxes
$189
−
Insurance
$285
−
Maintenance (6% rent)
$99
−
Management (6% rent)
$99
=
OpEx Subtotal
$672
=
Net Operating Income
$983
−
DSCR P&I
$1,747/mo
=
Net Cash Flow
−$764/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.562x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.745x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,524/mo+$869 needed
1.10x$2,722/mo+$1,067 needed
1.20x$2,921/mo+$1,266 needed
1.30x ←$3,119/mo+$1,464 needed
1.40x$3,318/mo+$1,663 needed