185 Woodvale St, Houston, TX 77012
Houston, 77012
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Listing Agent
Jason Mitchell Group
(469) 515-0090pnealy@jasonmitchellgroup.com
MMX Group/185 Woodvale St, Houston, TX 77012
Flip-30.1%✗
HM→DSCR0.892x✗
Cash→DSCR0.892x✗
New Deal

185 Woodvale St, Houston, TX 77012

3bd / 1ba · 1,248 sqft · built 1948 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.166x
FAIL
NOI ÷ debt service
Lender DSCR
1.264x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$132/mo
PASS
post all expenses · day 1
Cash to Close
$68,189
80% LTV · single close
Value Generated
$33,500
ARV − purchase − rehab
Starting Equity %
42.6%
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
-30.1%
Flip ROI
Cash to First Close
$17,350
what you bring day 1
Net Profit
−$9,158
Max Bid @ 20%
$136,061
−$9,158 profit  ÷  $30,418 total invested  =  -30.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$166,075
Purchase (95% LTV)
$141,075
Rehab (100%)
$25,000
Loan-to-ARV
80.2%
Monthly Interest
$1,383/mo
Down Payment5% of $148,500 purchase
$7,425
+
Origination Fee1 pts on $166,075 loan
$2,500
+
Closing Costs5% of purchase
$7,425
=
Cash to First Close
$17,350
Holding Period — 6 Months
HML Interest9.99% IO · $1,383/mo × 6$8,295
Property Taxes$234/mo × 6$1,406
Insurance$145/mo × 6$868
Total Holding Costs$10,568
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$207,000
−
HML Principal Payofffull IO loan balance
$166,075
−
Closing Costs3.5% of sale price
$7,245
−
Realtor Commission6% of sale price
$12,420
=
Net Proceeds to You
$21,260
Deal Summary
Net Proceeds at Closing
$21,260
−
Cash to First Close
$17,350
−
Holding Costs (6 mo)
$10,568
−
Contingency Reserve
$2,500
=
NET PROFIT
−$9,158
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$138,504−$9,996
15%$137,273−$11,227
20% ←$136,061−$12,439
25%$134,865−$13,635
30%$133,685−$14,815
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
1.166x
DSCR
Cash to Close
$68,189
single close · no bridge
Monthly Cash Flow
$132/mo
Cash-on-Cash Yr 1
2.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$118,800
LTV (80% of ARV)
57.4%
Monthly P&I
$798/mo
Equity at Close
$29,700
Down Payment20.0% of $148,500 purchase
$29,700
+
Origination Fee1 pts on $118,800
$1,188
+
DSCR Closing Coststitle / appraisal / escrow
$2,376
+
Acquisition Closing5% of purchase
$7,425
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$68,189
Equity Position — Day 1 Post-Refi
Property Value
$207,000
−
DSCR Loan Balance
$118,800
=
Equity in Property
$88,200 (42.6%)
−
Capital Left in Deal
$68,189
=
Value Created
$20,011
$88,200 equity on $68,189 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,488
−
Property Taxes
$234
−
Insurance
$145
−
Maintenance (6% rent)
$89
−
Management (6% rent)
$89
=
OpEx Subtotal
$557
=
Net Operating Income
$931
−
DSCR P&I
$798/mo
=
Net Cash Flow
$132/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.166x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.264x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,338/mo✓ met
1.10x$1,428/mo✓ met
1.20x$1,519/mo+$31 needed
1.30x ←$1,610/mo+$122 needed
1.40x$1,701/mo+$213 needed