20411 Red Canyon Creek Ln, Houston, TX 77338
Houston, 77338
View on Zillow →
Listing Agent
David Seeto
(832) 713-1101houstonnewhome@gmail.com
MMX Group/20411 Red Canyon Creek Ln, Houston, TX 77338
Flip-44.5%✗
HM→DSCR0.766x✗
Cash→DSCR0.766x✗
New Deal

20411 Red Canyon Creek Ln, Houston, TX 77338

4bd / 2ba · 1,731 sqft · built 2016 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.885x
FAIL
NOI ÷ debt service
Lender DSCR
1.053x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$125/mo
FAIL
post all expenses · day 1
Cash to Close
$69,043
80% LTV · single close
Value Generated
$34,550
ARV − purchase − rehab
Starting Equity %
35.1%
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
-44.5%
Flip ROI
Cash to First Close
$22,700
what you bring day 1
Net Profit
−$16,810
Max Bid @ 20%
$181,182
−$16,810 profit  ÷  $37,805 total invested  =  -44.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$204,350
Purchase (95% LTV)
$191,900
Rehab (100%)
$12,450
Loan-to-ARV
82.1%
Monthly Interest
$1,701/mo
Down Payment5% of $202,000 purchase
$10,100
+
Origination Fee1 pts on $204,350 loan
$2,500
+
Closing Costs5% of purchase
$10,100
=
Cash to First Close
$22,700
Holding Period — 6 Months
HML Interest9.99% IO · $1,701/mo × 6$10,207
Property Taxes$430/mo × 6$2,580
Insurance$179/mo × 6$1,072
Total Holding Costs$13,860
Contingency Reserve10% of rehab — held, not at first close$1,245
Sale Event — Second Close
Sale Price (ARV)
$249,000
−
HML Principal Payofffull IO loan balance
$204,350
−
Closing Costs3.5% of sale price
$8,715
−
Realtor Commission6% of sale price
$14,940
=
Net Proceeds to You
$20,995
Deal Summary
Net Proceeds at Closing
$20,995
−
Cash to First Close
$22,700
−
Holding Costs (6 mo)
$13,860
−
Contingency Reserve
$1,245
=
NET PROFIT
−$16,810
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$184,194−$17,806
15%$182,677−$19,323
20% ←$181,182−$20,818
25%$179,708−$22,292
30%$178,255−$23,745
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
0.885x
DSCR
Cash to Close
$69,043
single close · no bridge
Monthly Cash Flow
−$125/mo
Cash-on-Cash Yr 1
-2.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$161,600
LTV (80% of ARV)
64.9%
Monthly P&I
$1,086/mo
Equity at Close
$40,400
Down Payment20.0% of $202,000 purchase
$40,400
+
Origination Fee1 pts on $161,600
$1,616
+
DSCR Closing Coststitle / appraisal / escrow
$3,232
+
Acquisition Closing5% of purchase
$10,100
+
Rehab Budgetcash, not financed by DSCR loan
$12,450
Contingency Reserve10% of rehab$1,245
=
Total Cash to Close
$69,043
Equity Position — Day 1 Post-Refi
Property Value
$249,000
−
DSCR Loan Balance
$161,600
=
Equity in Property
$87,400 (35.1%)
−
Capital Left in Deal
$69,043
=
Value Created
$18,357
$87,400 equity on $69,043 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,784
−
Property Taxes
$430
−
Insurance
$179
−
Maintenance (6% rent)
$107
−
Management (6% rent)
$107
=
OpEx Subtotal
$823
=
Net Operating Income
$961
−
DSCR P&I
$1,086/mo
=
Net Cash Flow
−$125/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.885x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.053x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,926/mo+$142 needed
1.10x$2,049/mo+$265 needed
1.20x$2,173/mo+$389 needed
1.30x ←$2,296/mo+$512 needed
1.40x$2,419/mo+$635 needed
20411 Red Canyon Creek Ln, Houston, TX 77338 — MX Analyzer