16727 Sky Blue Ln, Houston, TX 77095
Houston, 77095
View on Zillow →
Listing Agent
Carolina Beltran
(713) 234-6000carolina_y2k123@yahoo.com
MMX Group/16727 Sky Blue Ln, Houston, TX 77095
Flip-113.3%✗
HM→DSCR0.757x✗
Cash→DSCR0.757x✗
New Deal

16727 Sky Blue Ln, Houston, TX 77095

3bd / 2ba · 1,510 sqft · built 1983 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.819x
FAIL
NOI ÷ debt service
Lender DSCR
1.005x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$204/mo
FAIL
post all expenses · day 1
Cash to Close
$84,766
80% LTV · single close
Value Generated
$7,000
ARV − purchase − rehab
Starting Equity %
30.6%
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
-113.3%
Flip ROI
Cash to First Close
$23,400
what you bring day 1
Net Profit
−$46,315
Max Bid @ 20%
$161,661
−$46,315 profit  ÷  $40,870 total invested  =  -113.3%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$223,550
Purchase (95% LTV)
$198,550
Rehab (100%)
$25,000
Loan-to-ARV
92.8%
Monthly Interest
$1,861/mo
Down Payment5% of $209,000 purchase
$10,450
+
Origination Fee1 pts on $223,550 loan
$2,500
+
Closing Costs5% of purchase
$10,450
=
Cash to First Close
$23,400
Holding Period — 6 Months
HML Interest9.99% IO · $1,861/mo × 6$11,166
Property Taxes$439/mo × 6$2,634
Insurance$195/mo × 6$1,170
Total Holding Costs$14,970
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$241,000
−
HML Principal Payofffull IO loan balance
$223,550
−
Closing Costs3.5% of sale price
$8,435
−
Realtor Commission6% of sale price
$14,460
=
Net Proceeds to You
−$5,445
Deal Summary
Net Proceeds at Closing
−$5,445
−
Cash to First Close
$23,400
−
Holding Costs (6 mo)
$14,970
−
Contingency Reserve
$2,500
=
NET PROFIT
−$46,315
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$164,581−$44,419
15%$163,111−$45,889
20% ←$161,661−$47,339
25%$160,232−$48,768
30%$158,823−$50,177
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
0.819x
DSCR
Cash to Close
$84,766
single close · no bridge
Monthly Cash Flow
−$204/mo
Cash-on-Cash Yr 1
-2.9%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$167,200
LTV (80% of ARV)
69.4%
Monthly P&I
$1,124/mo
Equity at Close
$41,800
Down Payment20.0% of $209,000 purchase
$41,800
+
Origination Fee1 pts on $167,200
$1,672
+
DSCR Closing Coststitle / appraisal / escrow
$3,344
+
Acquisition Closing5% of purchase
$10,450
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$84,766
Equity Position — Day 1 Post-Refi
Property Value
$241,000
−
DSCR Loan Balance
$167,200
=
Equity in Property
$73,800 (30.6%)
−
Capital Left in Deal
$84,766
=
Value Created
−$10,966
$73,800 equity on $84,766 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,766
−
Property Taxes
$439
−
Insurance
$195
−
Maintenance (6% rent)
$106
−
Management (6% rent)
$106
=
OpEx Subtotal
$846
=
Net Operating Income
$920
−
DSCR P&I
$1,124/mo
=
Net Cash Flow
−$204/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.819x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.005x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,997/mo+$231 needed
1.10x$2,125/mo+$359 needed
1.20x$2,253/mo+$487 needed
1.30x ←$2,380/mo+$614 needed
1.40x$2,508/mo+$742 needed