16122 Alta Mesa Dr, Houston, TX 77083
Houston, 77083
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Listing Agent
Katherine Powers
(253) 514-0555kpowers@uprealtyinc.com
MMX Group/16122 Alta Mesa Dr, Houston, TX 77083
Flip-49.7%✗
HM→DSCR0.875x✗
Cash→DSCR0.875x✗
New Deal

16122 Alta Mesa Dr, Houston, TX 77083

4bd / 2ba · 1,925 sqft · built 1977 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.999x
FAIL
NOI ÷ debt service
Lender DSCR
1.136x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$1/mo
FAIL
post all expenses · day 1
Cash to Close
$78,406
80% LTV · single close
Value Generated
$36,050
ARV − purchase − rehab
Starting Equity %
34.3%
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
-49.7%
Flip ROI
Cash to First Close
$25,495
what you bring day 1
Net Profit
−$20,659
Max Bid @ 20%
$204,809
−$20,659 profit  ÷  $41,606 total invested  =  -49.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$232,453
Purchase (95% LTV)
$218,453
Rehab (100%)
$14,000
Loan-to-ARV
83.0%
Monthly Interest
$1,935/mo
Down Payment5% of $229,950 purchase
$11,498
+
Origination Fee1 pts on $232,453 loan
$2,500
+
Closing Costs5% of purchase
$11,498
=
Cash to First Close
$25,495
Holding Period — 6 Months
HML Interest9.99% IO · $1,935/mo × 6$11,611
Property Taxes$313/mo × 6$1,881
Insurance$203/mo × 6$1,220
Total Holding Costs$14,711
Contingency Reserve10% of rehab — held, not at first close$1,400
Sale Event — Second Close
Sale Price (ARV)
$280,000
−
HML Principal Payofffull IO loan balance
$232,453
−
Closing Costs3.5% of sale price
$9,800
−
Realtor Commission6% of sale price
$16,800
=
Net Proceeds to You
$20,948
Deal Summary
Net Proceeds at Closing
$20,948
−
Cash to First Close
$25,495
−
Holding Costs (6 mo)
$14,711
−
Contingency Reserve
$1,400
=
NET PROFIT
−$20,659
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$208,121−$21,829
15%$206,453−$23,497
20% ←$204,809−$25,141
25%$203,189−$26,761
30%$201,590−$28,360
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
0.999x
DSCR
Cash to Close
$78,406
single close · no bridge
Monthly Cash Flow
−$1/mo
Cash-on-Cash Yr 1
-0.0%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$183,960
LTV (80% of ARV)
65.7%
Monthly P&I
$1,236/mo
Equity at Close
$45,990
Down Payment20.0% of $229,950 purchase
$45,990
+
Origination Fee1 pts on $183,960
$1,840
+
DSCR Closing Coststitle / appraisal / escrow
$3,679
+
Acquisition Closing5% of purchase
$11,498
+
Rehab Budgetcash, not financed by DSCR loan
$14,000
Contingency Reserve10% of rehab$1,400
=
Total Cash to Close
$78,406
Equity Position — Day 1 Post-Refi
Property Value
$280,000
−
DSCR Loan Balance
$183,960
=
Equity in Property
$96,040 (34.3%)
−
Capital Left in Deal
$78,406
=
Value Created
$17,634
$96,040 equity on $78,406 deployed = 1.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,991
−
Property Taxes
$313
−
Insurance
$203
−
Maintenance (6% rent)
$119
−
Management (6% rent)
$119
=
OpEx Subtotal
$756
=
Net Operating Income
$1,235
−
DSCR P&I
$1,236/mo
=
Net Cash Flow
−$1/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.999x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.136x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,992/mo+$1 needed
1.10x$2,133/mo+$142 needed
1.20x$2,273/mo+$282 needed
1.30x ←$2,413/mo+$422 needed
1.40x$2,554/mo+$563 needed