17828 Hanson Ridge Dr, Conroe, TX 77316
Conroe, 77316
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Listing Agent
Aaron Tyler
(712) 253-4139aaron.tyler@kw.com
MMX Group/17828 Hanson Ridge Dr, Conroe, TX 77316
Flip-137.0%✗
HM→DSCR1.019x✗
Cash→DSCR1.019x✗
New Deal

17828 Hanson Ridge Dr, Conroe, TX 77316

5bd / 4ba · 3,464 sqft · built 2022 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.988x
FAIL
NOI ÷ debt service
Lender DSCR
1.126x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$24/mo
FAIL
post all expenses · day 1
Cash to Close
$117,455
80% LTV · single close
Value Generated
$6,350
ARV − purchase − rehab
Starting Equity %
22.6%
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
-137.0%
Flip ROI
Cash to First Close
$39,056
what you bring day 1
Net Profit
−$86,956
Max Bid @ 20%
$267,916
−$86,956 profit  ÷  $63,491 total invested  =  -137.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$355,600
Purchase (95% LTV)
$337,250
Rehab (100%)
$18,350
Loan-to-ARV
96.9%
Monthly Interest
$2,960/mo
Down Payment5% of $355,000 purchase
$17,750
+
Origination Fee1 pts on $355,600 loan
$3,556
+
Closing Costs5% of purchase
$17,750
=
Cash to First Close
$39,056
Holding Period — 6 Months
HML Interest9.99% IO · $2,960/mo × 6$17,762
Property Taxes$495/mo × 6$2,971
Insurance$311/mo × 6$1,867
Total Holding Costs$22,600
Contingency Reserve10% of rehab — held, not at first close$1,835
Sale Event — Second Close
Sale Price (ARV)
$367,000
−
HML Principal Payofffull IO loan balance
$355,600
−
Closing Costs3.5% of sale price
$12,845
−
Realtor Commission6% of sale price
$22,020
=
Net Proceeds to You
−$23,465
Deal Summary
Net Proceeds at Closing
−$23,465
−
Cash to First Close
$39,056
−
Holding Costs (6 mo)
$22,600
−
Contingency Reserve
$1,835
=
NET PROFIT
−$86,956
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$272,294−$82,706
15%$270,089−$84,911
20% ←$267,916−$87,084
25%$265,773−$89,227
30%$263,660−$91,340
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
0.988x
DSCR
Cash to Close
$117,455
single close · no bridge
Monthly Cash Flow
−$24/mo
Cash-on-Cash Yr 1
-0.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$284,000
LTV (80% of ARV)
77.4%
Monthly P&I
$1,909/mo
Equity at Close
$71,000
Down Payment20.0% of $355,000 purchase
$71,000
+
Origination Fee1 pts on $284,000
$2,840
+
DSCR Closing Coststitle / appraisal / escrow
$5,680
+
Acquisition Closing5% of purchase
$17,750
+
Rehab Budgetcash, not financed by DSCR loan
$18,350
Contingency Reserve10% of rehab$1,835
=
Total Cash to Close
$117,455
Equity Position — Day 1 Post-Refi
Property Value
$367,000
−
DSCR Loan Balance
$284,000
=
Equity in Property
$83,000 (22.6%)
−
Capital Left in Deal
$117,455
=
Value Created
−$34,455
$83,000 equity on $117,455 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$3,058
−
Property Taxes
$495
−
Insurance
$311
−
Maintenance (6% rent)
$183
−
Management (6% rent)
$183
=
OpEx Subtotal
$1,173
=
Net Operating Income
$1,885
−
DSCR P&I
$1,909/mo
=
Net Cash Flow
−$24/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.988x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.126x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,085/mo+$27 needed
1.10x$3,302/mo+$244 needed
1.20x$3,519/mo+$461 needed
1.30x ←$3,736/mo+$678 needed
1.40x$3,953/mo+$895 needed