16323 Knightrider Dr, Spring, TX 77379
Spring, 77379
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Listing Agent
Carlos Saavedra
(713) 320-8457carlos@innerloop.com
MMX Group/16323 Knightrider Dr, Spring, TX 77379
Flip-130.8%✗
HM→DSCR0.620x✗
Cash→DSCR0.620x✗
New Deal

16323 Knightrider Dr, Spring, TX 77379

3bd / 3ba · 2,354 sqft · built 2002 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.620x
FAIL
NOI ÷ debt service
Lender DSCR
0.853x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$713/mo
FAIL
post all expenses · day 1
Cash to Close
$123,126
80% LTV · single close
Value Generated
$2,000
ARV − purchase − rehab
Starting Equity %
24.9%
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
-130.8%
Flip ROI
Cash to First Close
$38,466
what you bring day 1
Net Profit
−$84,561
Max Bid @ 20%
$263,803
−$84,561 profit  ÷  $64,671 total invested  =  -130.8%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$356,550
Purchase (95% LTV)
$331,550
Rehab (100%)
$25,000
Loan-to-ARV
95.8%
Monthly Interest
$2,968/mo
Down Payment5% of $349,000 purchase
$17,450
+
Origination Fee1 pts on $356,550 loan
$3,566
+
Closing Costs5% of purchase
$17,450
=
Cash to First Close
$38,466
Holding Period — 6 Months
HML Interest9.99% IO · $2,968/mo × 6$17,810
Property Taxes$671/mo × 6$4,026
Insurance$312/mo × 6$1,870
Total Holding Costs$23,705
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$372,000
−
HML Principal Payofffull IO loan balance
$356,550
−
Closing Costs3.5% of sale price
$13,020
−
Realtor Commission6% of sale price
$22,320
=
Net Proceeds to You
−$19,890
Deal Summary
Net Proceeds at Closing
−$19,890
−
Cash to First Close
$38,466
−
Holding Costs (6 mo)
$23,705
−
Contingency Reserve
$2,500
=
NET PROFIT
−$84,561
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$268,312−$80,688
15%$266,041−$82,959
20% ←$263,803−$85,197
25%$261,596−$87,404
30%$259,419−$89,581
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
0.620x
DSCR
Cash to Close
$123,126
single close · no bridge
Monthly Cash Flow
−$713/mo
Cash-on-Cash Yr 1
-7.0%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$279,200
LTV (80% of ARV)
75.1%
Monthly P&I
$1,876/mo
Equity at Close
$69,800
Down Payment20.0% of $349,000 purchase
$69,800
+
Origination Fee1 pts on $279,200
$2,792
+
DSCR Closing Coststitle / appraisal / escrow
$5,584
+
Acquisition Closing5% of purchase
$17,450
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$123,126
Equity Position — Day 1 Post-Refi
Property Value
$372,000
−
DSCR Loan Balance
$279,200
=
Equity in Property
$92,800 (24.9%)
−
Capital Left in Deal
$123,126
=
Value Created
−$30,326
$92,800 equity on $123,126 deployed = 0.8× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,438
−
Property Taxes
$671
−
Insurance
$312
−
Maintenance (6% rent)
$146
−
Management (6% rent)
$146
=
OpEx Subtotal
$1,275
=
Net Operating Income
$1,163
−
DSCR P&I
$1,876/mo
=
Net Cash Flow
−$713/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.620x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.853x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,249/mo+$811 needed
1.10x$3,462/mo+$1,024 needed
1.20x$3,675/mo+$1,237 needed
1.30x ←$3,888/mo+$1,450 needed
1.40x$4,102/mo+$1,664 needed