2162 Paso Rello Dr, Houston, TX 77077
Houston, 77077
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Listing Agent
Sugarsam Nguyen
(318) 655-2238hngu124@gmail.com
MMX Group/2162 Paso Rello Dr, Houston, TX 77077
Flip107.7%✓
HM→DSCR0.770x✗
Cash→DSCR0.770x✗
New Deal

2162 Paso Rello Dr, Houston, TX 77077

3bd / 2.5ba · 2,354 sqft · built 1982 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.172x
FAIL
NOI ÷ debt service
Lender DSCR
1.254x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$208/mo
PASS
post all expenses · day 1
Cash to Close
$88,876
80% LTV · single close
Value Generated
$115,000
ARV − purchase − rehab
Starting Equity %
50.8%
ARV − DSCR loan ÷ ARV, day 1
$
$
$
$
$
$
Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
107.7%
Flip ROI
Cash to First Close
$24,900
what you bring day 1
Net Profit
$47,508
Max Bid @ 20%
$257,934
$47,508 profit  ÷  $44,112 total invested  =  107.7%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$237,800
Purchase (95% LTV)
$212,800
Rehab (100%)
$25,000
Loan-to-ARV
65.3%
Monthly Interest
$1,980/mo
Down Payment5% of $224,000 purchase
$11,200
+
Origination Fee1 pts on $237,800 loan
$2,500
+
Closing Costs5% of purchase
$11,200
=
Cash to First Close
$24,900
Holding Period — 6 Months
HML Interest9.99% IO · $1,980/mo × 6$11,878
Property Taxes$598/mo × 6$3,589
Insurance$208/mo × 6$1,245
Total Holding Costs$16,712
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$364,000
−
HML Principal Payofffull IO loan balance
$237,800
−
Closing Costs3.5% of sale price
$12,740
−
Realtor Commission6% of sale price
$21,840
=
Net Proceeds to You
$91,620
Deal Summary
Net Proceeds at Closing
$91,620
−
Cash to First Close
$24,900
−
Holding Costs (6 mo)
$16,712
−
Contingency Reserve
$2,500
=
NET PROFIT
$47,508
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$262,321✓ ok
15%$260,112✓ ok
20% ←$257,934✓ ok
25%$255,787✓ ok
30%$253,670✓ ok
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
1.172x
DSCR
Cash to Close
$88,876
single close · no bridge
Monthly Cash Flow
$208/mo
Cash-on-Cash Yr 1
2.8%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$179,200
LTV (80% of ARV)
49.2%
Monthly P&I
$1,204/mo
Equity at Close
$44,800
Down Payment20.0% of $224,000 purchase
$44,800
+
Origination Fee1 pts on $179,200
$1,792
+
DSCR Closing Coststitle / appraisal / escrow
$3,584
+
Acquisition Closing5% of purchase
$11,200
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$88,876
Equity Position — Day 1 Post-Refi
Property Value
$364,000
−
DSCR Loan Balance
$179,200
=
Equity in Property
$184,800 (50.8%)
−
Capital Left in Deal
$88,876
=
Value Created
$95,924
$184,800 equity on $88,876 deployed = 2.1× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,520
−
Property Taxes
$598
−
Insurance
$208
−
Maintenance (6% rent)
$151
−
Management (6% rent)
$151
=
OpEx Subtotal
$1,108
=
Net Operating Income
$1,412
−
DSCR P&I
$1,204/mo
=
Net Cash Flow
$208/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.172x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.254x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,284/mo✓ met
1.10x$2,421/mo✓ met
1.20x$2,558/mo+$38 needed
1.30x ←$2,694/mo+$174 needed
1.40x$2,831/mo+$311 needed