19527 Enchanted Oaks Dr, Spring, TX 77388
Spring, 77388
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Listing Agent
Lana Sims
(407) 453-0401lgroetsch@kw.com
MMX Group/19527 Enchanted Oaks Dr, Spring, TX 77388
Flip-105.1%✗
HM→DSCR1.134x✗
Cash→DSCR1.134x✗
New Deal

19527 Enchanted Oaks Dr, Spring, TX 77388

4bd / 2.5ba · 2,135 sqft · built 1977 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.169x
FAIL
NOI ÷ debt service
Lender DSCR
1.276x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$227/mo
PASS
post all expenses · day 1
Cash to Close
$83,296
80% LTV · single close
Value Generated
$11,300
ARV − purchase − rehab
Starting Equity %
27.3%
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
-105.1%
Flip ROI
Cash to First Close
$27,403
what you bring day 1
Net Profit
−$46,562
Max Bid @ 20%
$200,572
−$46,562 profit  ÷  $44,282 total invested  =  -105.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$250,250
Purchase (95% LTV)
$236,550
Rehab (100%)
$13,700
Loan-to-ARV
91.3%
Monthly Interest
$2,083/mo
Down Payment5% of $249,000 purchase
$12,450
+
Origination Fee1 pts on $250,250 loan
$2,503
+
Closing Costs5% of purchase
$12,450
=
Cash to First Close
$27,403
Holding Period — 6 Months
HML Interest9.99% IO · $2,083/mo × 6$12,500
Property Taxes$283/mo × 6$1,696
Insurance$219/mo × 6$1,314
Total Holding Costs$15,509
Contingency Reserve10% of rehab — held, not at first close$1,370
Sale Event — Second Close
Sale Price (ARV)
$274,000
−
HML Principal Payofffull IO loan balance
$250,250
−
Closing Costs3.5% of sale price
$9,590
−
Realtor Commission6% of sale price
$16,440
=
Net Proceeds to You
−$2,280
Deal Summary
Net Proceeds at Closing
−$2,280
−
Cash to First Close
$27,403
−
Holding Costs (6 mo)
$15,509
−
Contingency Reserve
$1,370
=
NET PROFIT
−$46,562
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$203,802−$45,198
15%$202,175−$46,825
20% ←$200,572−$48,428
25%$198,991−$50,009
30%$197,432−$51,568
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
1.169x
DSCR
Cash to Close
$83,296
single close · no bridge
Monthly Cash Flow
$227/mo
Cash-on-Cash Yr 1
3.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$199,200
LTV (80% of ARV)
72.7%
Monthly P&I
$1,339/mo
Equity at Close
$49,800
Down Payment20.0% of $249,000 purchase
$49,800
+
Origination Fee1 pts on $199,200
$1,992
+
DSCR Closing Coststitle / appraisal / escrow
$3,984
+
Acquisition Closing5% of purchase
$12,450
+
Rehab Budgetcash, not financed by DSCR loan
$13,700
Contingency Reserve10% of rehab$1,370
=
Total Cash to Close
$83,296
Equity Position — Day 1 Post-Refi
Property Value
$274,000
−
DSCR Loan Balance
$199,200
=
Equity in Property
$74,800 (27.3%)
−
Capital Left in Deal
$83,296
=
Value Created
−$8,496
$74,800 equity on $83,296 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,349
−
Property Taxes
$283
−
Insurance
$219
−
Maintenance (6% rent)
$141
−
Management (6% rent)
$141
=
OpEx Subtotal
$783
=
Net Operating Income
$1,566
−
DSCR P&I
$1,339/mo
=
Net Cash Flow
$227/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.169x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.276x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,091/mo✓ met
1.10x$2,243/mo✓ met
1.20x$2,395/mo+$46 needed
1.30x ←$2,548/mo+$199 needed
1.40x$2,700/mo+$351 needed
19527 Enchanted Oaks Dr, Spring, TX 77388 — MX Analyzer