1602 Thornhollow Dr, Houston, TX 77014
Houston, 77014
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Listing Agent
Deanna Parsons
(832) 444-8219deanna@txdrealty.com
MMX Group/1602 Thornhollow Dr, Houston, TX 77014
Flip-101.8%✗
HM→DSCR0.850x✗
Cash→DSCR0.850x✗
New Deal

1602 Thornhollow Dr, Houston, TX 77014

8bd / 4ba · 2,331 sqft · built 2012 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.883x
FAIL
NOI ÷ debt service
Lender DSCR
1.057x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$142/mo
FAIL
post all expenses · day 1
Cash to Close
$75,318
80% LTV · single close
Value Generated
$11,650
ARV − purchase − rehab
Starting Equity %
27.7%
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
-101.8%
Flip ROI
Cash to First Close
$24,990
what you bring day 1
Net Profit
−$43,210
Max Bid @ 20%
$179,972
−$43,210 profit  ÷  $42,450 total invested  =  -101.8%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$226,105
Purchase (95% LTV)
$213,655
Rehab (100%)
$12,450
Loan-to-ARV
90.8%
Monthly Interest
$1,882/mo
Down Payment5% of $224,900 purchase
$11,245
+
Origination Fee1 pts on $226,105 loan
$2,500
+
Closing Costs5% of purchase
$11,245
=
Cash to First Close
$24,990
Holding Period — 6 Months
HML Interest9.99% IO · $1,882/mo × 6$11,294
Property Taxes$622/mo × 6$3,735
Insurance$198/mo × 6$1,187
Total Holding Costs$16,215
Contingency Reserve10% of rehab — held, not at first close$1,245
Sale Event — Second Close
Sale Price (ARV)
$249,000
−
HML Principal Payofffull IO loan balance
$226,105
−
Closing Costs3.5% of sale price
$8,715
−
Realtor Commission6% of sale price
$14,940
=
Net Proceeds to You
−$760
Deal Summary
Net Proceeds at Closing
−$760
−
Cash to First Close
$24,990
−
Holding Costs (6 mo)
$16,215
−
Contingency Reserve
$1,245
=
NET PROFIT
−$43,210
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$183,068−$41,832
15%$181,509−$43,391
20% ←$179,972−$44,928
25%$178,456−$46,444
30%$176,961−$47,939
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
0.883x
DSCR
Cash to Close
$75,318
single close · no bridge
Monthly Cash Flow
−$142/mo
Cash-on-Cash Yr 1
-2.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$179,920
LTV (80% of ARV)
72.3%
Monthly P&I
$1,209/mo
Equity at Close
$44,980
Down Payment20.0% of $224,900 purchase
$44,980
+
Origination Fee1 pts on $179,920
$1,799
+
DSCR Closing Coststitle / appraisal / escrow
$3,598
+
Acquisition Closing5% of purchase
$11,245
+
Rehab Budgetcash, not financed by DSCR loan
$12,450
Contingency Reserve10% of rehab$1,245
=
Total Cash to Close
$75,318
Equity Position — Day 1 Post-Refi
Property Value
$249,000
−
DSCR Loan Balance
$179,920
=
Equity in Property
$69,080 (27.7%)
−
Capital Left in Deal
$75,318
=
Value Created
−$6,238
$69,080 equity on $75,318 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,145
−
Property Taxes
$622
−
Insurance
$198
−
Maintenance (6% rent)
$129
−
Management (6% rent)
$129
=
OpEx Subtotal
$1,078
=
Net Operating Income
$1,067
−
DSCR P&I
$1,209/mo
=
Net Cash Flow
−$142/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.883x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.057x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,306/mo+$161 needed
1.10x$2,443/mo+$298 needed
1.20x$2,581/mo+$436 needed
1.30x ←$2,718/mo+$573 needed
1.40x$2,856/mo+$711 needed
1602 Thornhollow Dr, Houston, TX 77014 — MX Analyzer