15906 Lost Anchor Way Ln, Houston, TX 77044
Houston, 77044
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Listing Agent
Mary Daughtrey
(713) 464-0700
MMX Group/15906 Lost Anchor Way Ln, Houston, TX 77044
Flip-88.1%✗
HM→DSCR0.768x✗
Cash→DSCR0.768x✗
New Deal

15906 Lost Anchor Way Ln, Houston, TX 77044

3bd / 2.5ba · 2,192 sqft · built 2007 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.860x
FAIL
NOI ÷ debt service
Lender DSCR
1.040x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$173/mo
FAIL
post all expenses · day 1
Cash to Close
$90,520
80% LTV · single close
Value Generated
$20,000
ARV − purchase − rehab
Starting Equity %
33.1%
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
-88.1%
Flip ROI
Cash to First Close
$25,500
what you bring day 1
Net Profit
−$39,624
Max Bid @ 20%
$187,578
−$39,624 profit  ÷  $44,999 total invested  =  -88.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$243,500
Purchase (95% LTV)
$218,500
Rehab (100%)
$25,000
Loan-to-ARV
88.5%
Monthly Interest
$2,027/mo
Down Payment5% of $230,000 purchase
$11,500
+
Origination Fee1 pts on $243,500 loan
$2,500
+
Closing Costs5% of purchase
$11,500
=
Cash to First Close
$25,500
Holding Period — 6 Months
HML Interest9.99% IO · $2,027/mo × 6$12,163
Property Taxes$594/mo × 6$3,561
Insurance$213/mo × 6$1,275
Total Holding Costs$16,999
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$275,000
−
HML Principal Payofffull IO loan balance
$243,500
−
Closing Costs3.5% of sale price
$9,625
−
Realtor Commission6% of sale price
$16,500
=
Net Proceeds to You
$5,375
Deal Summary
Net Proceeds at Closing
$5,375
−
Cash to First Close
$25,500
−
Holding Costs (6 mo)
$16,999
−
Contingency Reserve
$2,500
=
NET PROFIT
−$39,624
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$190,952−$39,048
15%$189,253−$40,747
20% ←$187,578−$42,422
25%$185,926−$44,074
30%$184,298−$45,702
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
0.860x
DSCR
Cash to Close
$90,520
single close · no bridge
Monthly Cash Flow
−$173/mo
Cash-on-Cash Yr 1
-2.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$184,000
LTV (80% of ARV)
66.9%
Monthly P&I
$1,237/mo
Equity at Close
$46,000
Down Payment20.0% of $230,000 purchase
$46,000
+
Origination Fee1 pts on $184,000
$1,840
+
DSCR Closing Coststitle / appraisal / escrow
$3,680
+
Acquisition Closing5% of purchase
$11,500
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$90,520
Equity Position — Day 1 Post-Refi
Property Value
$275,000
−
DSCR Loan Balance
$184,000
=
Equity in Property
$91,000 (33.1%)
−
Capital Left in Deal
$90,520
=
Value Created
$480
$91,000 equity on $90,520 deployed = 1.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,125
−
Property Taxes
$594
−
Insurance
$213
−
Maintenance (6% rent)
$128
−
Management (6% rent)
$128
=
OpEx Subtotal
$1,061
=
Net Operating Income
$1,064
−
DSCR P&I
$1,237/mo
=
Net Cash Flow
−$173/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.860x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.040x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,321/mo+$196 needed
1.10x$2,462/mo+$337 needed
1.20x$2,602/mo+$477 needed
1.30x ←$2,743/mo+$618 needed
1.40x$2,883/mo+$758 needed
15906 Lost Anchor Way Ln, Houston, TX 77044 — MX Analyzer