17415 N Barker St, Houston, TX 77084
Houston, 77084
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Listing Agent
Chris J. Lawrence
(832) 455-3550chris@trillionaireassets.com
MMX Group/17415 N Barker St, Houston, TX 77084
Flip-2.1%✗
HM→DSCR1.003x✗
Cash→DSCR1.003x✗
New Deal

17415 N Barker St, Houston, TX 77084

3bd / 2ba · 1,748 sqft · built 1980 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.244x
FAIL
NOI ÷ debt service
Lender DSCR
1.331x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$232/mo
PASS
post all expenses · day 1
Cash to Close
$61,330
80% LTV · single close
Value Generated
$45,440
ARV − purchase − rehab
Starting Equity %
39.5%
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
-2.1%
Flip ROI
Cash to First Close
$20,186
what you bring day 1
Net Profit
−$692
Max Bid @ 20%
$171,270
−$692 profit  ÷  $32,745 total invested  =  -2.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$179,717
Purchase (95% LTV)
$168,017
Rehab (100%)
$11,700
Loan-to-ARV
76.8%
Monthly Interest
$1,496/mo
Down Payment5% of $176,860 purchase
$8,843
+
Origination Fee1 pts on $179,717 loan
$2,500
+
Closing Costs5% of purchase
$8,843
=
Cash to First Close
$20,186
Holding Period — 6 Months
HML Interest9.99% IO · $1,496/mo × 6$8,977
Property Taxes$245/mo × 6$1,469
Insurance$157/mo × 6$943
Total Holding Costs$11,389
Contingency Reserve10% of rehab — held, not at first close$1,170
Sale Event — Second Close
Sale Price (ARV)
$234,000
−
HML Principal Payofffull IO loan balance
$179,717
−
Closing Costs3.5% of sale price
$8,190
−
Realtor Commission6% of sale price
$14,040
=
Net Proceeds to You
$32,053
Deal Summary
Net Proceeds at Closing
$32,053
−
Cash to First Close
$20,186
−
Holding Costs (6 mo)
$11,389
−
Contingency Reserve
$1,170
=
NET PROFIT
−$692
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$174,030−$2,830
15%$172,640−$4,220
20% ←$171,270−$5,590
25%$169,919−$6,941
30%$168,587−$8,273
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
1.244x
DSCR
Cash to Close
$61,330
single close · no bridge
Monthly Cash Flow
$232/mo
Cash-on-Cash Yr 1
4.5%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$141,488
LTV (80% of ARV)
60.5%
Monthly P&I
$951/mo
Equity at Close
$35,372
Down Payment20.0% of $176,860 purchase
$35,372
+
Origination Fee1 pts on $141,488
$1,415
+
DSCR Closing Coststitle / appraisal / escrow
$2,830
+
Acquisition Closing5% of purchase
$8,843
+
Rehab Budgetcash, not financed by DSCR loan
$11,700
Contingency Reserve10% of rehab$1,170
=
Total Cash to Close
$61,330
Equity Position — Day 1 Post-Refi
Property Value
$234,000
−
DSCR Loan Balance
$141,488
=
Equity in Property
$92,512 (39.5%)
−
Capital Left in Deal
$61,330
=
Value Created
$31,182
$92,512 equity on $61,330 deployed = 1.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,801
−
Property Taxes
$245
−
Insurance
$157
−
Maintenance (6% rent)
$108
−
Management (6% rent)
$108
=
OpEx Subtotal
$618
=
Net Operating Income
$1,183
−
DSCR P&I
$951/mo
=
Net Cash Flow
$232/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.244x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.331x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,537/mo✓ met
1.10x$1,645/mo✓ met
1.20x$1,753/mo✓ met
1.30x ←$1,861/mo+$60 needed
1.40x$1,969/mo+$168 needed
17415 N Barker St, Houston, TX 77084 — MX Analyzer