16807 Mission Ridge Ln, Houston, TX 77073
Houston, 77073
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Listing Agent
Ozzie Ramirez
(281) 968-8444info@askozzie.com
MMX Group/16807 Mission Ridge Ln, Houston, TX 77073
Flip-110.7%✗
HM→DSCR0.883x✗
Cash→DSCR0.883x✗
New Deal

16807 Mission Ridge Ln, Houston, TX 77073

4bd / 2.5ba · 2,796 sqft · built 2004 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.901x
FAIL
NOI ÷ debt service
Lender DSCR
1.066x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$133/mo
FAIL
post all expenses · day 1
Cash to Close
$83,460
80% LTV · single close
Value Generated
$8,400
ARV − purchase − rehab
Starting Equity %
26.5%
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
-110.7%
Flip ROI
Cash to First Close
$27,511
what you bring day 1
Net Profit
−$51,254
Max Bid @ 20%
$197,116
−$51,254 profit  ÷  $46,314 total invested  =  -110.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$251,100
Purchase (95% LTV)
$237,500
Rehab (100%)
$13,600
Loan-to-ARV
92.3%
Monthly Interest
$2,090/mo
Down Payment5% of $250,000 purchase
$12,500
+
Origination Fee1 pts on $251,100 loan
$2,511
+
Closing Costs5% of purchase
$12,500
=
Cash to First Close
$27,511
Holding Period — 6 Months
HML Interest9.99% IO · $2,090/mo × 6$12,542
Property Taxes$597/mo × 6$3,583
Insurance$220/mo × 6$1,318
Total Holding Costs$17,443
Contingency Reserve10% of rehab — held, not at first close$1,360
Sale Event — Second Close
Sale Price (ARV)
$272,000
−
HML Principal Payofffull IO loan balance
$251,100
−
Closing Costs3.5% of sale price
$9,520
−
Realtor Commission6% of sale price
$16,320
=
Net Proceeds to You
−$4,940
Deal Summary
Net Proceeds at Closing
−$4,940
−
Cash to First Close
$27,511
−
Holding Costs (6 mo)
$17,443
−
Contingency Reserve
$1,360
=
NET PROFIT
−$51,254
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$200,462−$49,538
15%$198,777−$51,223
20% ←$197,116−$52,884
25%$195,478−$54,522
30%$193,863−$56,137
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
0.901x
DSCR
Cash to Close
$83,460
single close · no bridge
Monthly Cash Flow
−$133/mo
Cash-on-Cash Yr 1
-1.9%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$200,000
LTV (80% of ARV)
73.5%
Monthly P&I
$1,344/mo
Equity at Close
$50,000
Down Payment20.0% of $250,000 purchase
$50,000
+
Origination Fee1 pts on $200,000
$2,000
+
DSCR Closing Coststitle / appraisal / escrow
$4,000
+
Acquisition Closing5% of purchase
$12,500
+
Rehab Budgetcash, not financed by DSCR loan
$13,600
Contingency Reserve10% of rehab$1,360
=
Total Cash to Close
$83,460
Equity Position — Day 1 Post-Refi
Property Value
$272,000
−
DSCR Loan Balance
$200,000
=
Equity in Property
$72,000 (26.5%)
−
Capital Left in Deal
$83,460
=
Value Created
−$11,460
$72,000 equity on $83,460 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,304
−
Property Taxes
$597
−
Insurance
$220
−
Maintenance (6% rent)
$138
−
Management (6% rent)
$138
=
OpEx Subtotal
$1,093
=
Net Operating Income
$1,211
−
DSCR P&I
$1,344/mo
=
Net Cash Flow
−$133/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.901x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.066x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,456/mo+$152 needed
1.10x$2,608/mo+$304 needed
1.20x$2,761/mo+$457 needed
1.30x ←$2,914/mo+$610 needed
1.40x$3,067/mo+$763 needed