18111 Barbuda Ln, Houston, TX 77058
Houston, 77058
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Listing Agent
Katelynn Romine
(210) 730-0187katelynn@searcherscapital.com
MMX Group/18111 Barbuda Ln, Houston, TX 77058
Flip-161.9%✗
HM→DSCR0.757x✗
Cash→DSCR0.757x✗
New Deal

18111 Barbuda Ln, Houston, TX 77058

3bd / 2ba · 1,754 sqft · built 1963 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.709x
FAIL
NOI ÷ debt service
Lender DSCR
0.910x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$483/mo
FAIL
post all expenses · day 1
Cash to Close
$107,856
80% LTV · single close
Value Generated
$21,350
ARV − purchase − rehab
Starting Equity %
20.0%
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
-161.9%
Flip ROI
Cash to First Close
$34,636
what you bring day 1
Net Profit
−$91,427
Max Bid @ 20%
$225,136
−$91,427 profit  ÷  $56,467 total invested  =  -161.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$314,605
Purchase (95% LTV)
$299,155
Rehab (100%)
$15,450
Loan-to-ARV
101.8%
Monthly Interest
$2,619/mo
Down Payment5% of $314,900 purchase
$15,745
+
Origination Fee1 pts on $314,605 loan
$3,146
+
Closing Costs5% of purchase
$15,745
=
Cash to First Close
$34,636
Holding Period — 6 Months
HML Interest9.99% IO · $2,619/mo × 6$15,715
Property Taxes$487/mo × 6$2,920
Insurance$275/mo × 6$1,652
Total Holding Costs$20,286
Contingency Reserve10% of rehab — held, not at first close$1,545
Sale Event — Second Close
Sale Price (ARV)
$309,000
−
HML Principal Payofffull IO loan balance
$314,605
−
Closing Costs3.5% of sale price
$10,815
−
Realtor Commission6% of sale price
$18,540
=
Net Proceeds to You
−$34,960
Deal Summary
Net Proceeds at Closing
−$34,960
−
Cash to First Close
$34,636
−
Holding Costs (6 mo)
$20,286
−
Contingency Reserve
$1,545
=
NET PROFIT
−$91,427
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$228,853−$86,047
15%$226,981−$87,919
20% ←$225,136−$89,764
25%$223,317−$91,583
30%$221,523−$93,377
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
0.709x
DSCR
Cash to Close
$107,856
single close · no bridge
Monthly Cash Flow
−$483/mo
Cash-on-Cash Yr 1
-5.4%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$247,200
LTV (80% of ARV)
80.0%
Monthly P&I
$1,661/mo
Equity at Close
$61,800
Down Payment21.5% of $314,900 purchase
$67,700
+
Origination Fee1 pts on $247,200
$2,472
+
DSCR Closing Coststitle / appraisal / escrow
$4,944
+
Acquisition Closing5% of purchase
$15,745
+
Rehab Budgetcash, not financed by DSCR loan
$15,450
Contingency Reserve10% of rehab$1,545
=
Total Cash to Close
$107,856
Equity Position — Day 1 Post-Refi
Property Value
$309,000
−
DSCR Loan Balance
$247,200
=
Equity in Property
$61,800 (20.0%)
−
Capital Left in Deal
$107,856
=
Value Created
−$46,056
$61,800 equity on $107,856 deployed = 0.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,205
−
Property Taxes
$487
−
Insurance
$275
−
Maintenance (6% rent)
$132
−
Management (6% rent)
$132
=
OpEx Subtotal
$1,027
=
Net Operating Income
$1,178
−
DSCR P&I
$1,661/mo
=
Net Cash Flow
−$483/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.709x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.910x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,754/mo+$549 needed
1.10x$2,942/mo+$737 needed
1.20x$3,131/mo+$926 needed
1.30x ←$3,320/mo+$1,115 needed
1.40x$3,509/mo+$1,304 needed
18111 Barbuda Ln, Houston, TX 77058 — MX Analyzer