2312 Cromwell St, Houston, TX 77093
Houston, 77093
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Listing Agent
Jimmy Zarate
(832) 233-5680takeactionagent@gmail.com
MMX Group/2312 Cromwell St, Houston, TX 77093
Flip118.1%✓
HM→DSCR1.173x✗
Cash→DSCR1.173x✗
New Deal

2312 Cromwell St, Houston, TX 77093

3bd / 1ba · 1,118 sqft · built 2006 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.759x
PASS
NOI ÷ debt service
Lender DSCR
1.762x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$510/mo
PASS
post all expenses · day 1
Cash to Close
$45,250
80% LTV · single close
Value Generated
$65,000
ARV − purchase − rehab
Starting Equity %
50.0%
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
118.1%
Flip ROI
Cash to First Close
$15,000
what you bring day 1
Net Profit
$28,294
Max Bid @ 20%
$146,810
$28,294 profit  ÷  $23,956 total invested  =  118.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$128,750
Purchase (95% LTV)
$118,750
Rehab (100%)
$10,000
Loan-to-ARV
64.4%
Monthly Interest
$1,072/mo
Down Payment5% of $125,000 purchase
$6,250
+
Origination Fee1 pts on $128,750 loan
$2,500
+
Closing Costs5% of purchase
$6,250
=
Cash to First Close
$15,000
Holding Period — 6 Months
HML Interest9.99% IO · $1,072/mo × 6$6,431
Property Taxes$142/mo × 6$850
Insurance$113/mo × 6$675
Total Holding Costs$7,956
Contingency Reserve10% of rehab — held, not at first close$1,000
Sale Event — Second Close
Sale Price (ARV)
$200,000
−
HML Principal Payofffull IO loan balance
$128,750
−
Closing Costs3.5% of sale price
$7,000
−
Realtor Commission6% of sale price
$12,000
=
Net Proceeds to You
$52,250
Deal Summary
Net Proceeds at Closing
$52,250
−
Cash to First Close
$15,000
−
Holding Costs (6 mo)
$7,956
−
Contingency Reserve
$1,000
=
NET PROFIT
$28,294
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$149,139✓ ok
15%$147,966✓ ok
20% ←$146,810✓ ok
25%$145,670✓ ok
30%$144,546✓ ok
Scenario 4 — Turn Key DSCR
Direct DSCR purchase · 80% of ARV · 7.1% / 30yr · one close
✅
PASSES DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 80% of ARV
1.759x
DSCR
Cash to Close
$45,250
single close · no bridge
Monthly Cash Flow
$510/mo
Cash-on-Cash Yr 1
13.5%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$100,000
LTV (80% of ARV)
50.0%
Monthly P&I
$672/mo
Equity at Close
$25,000
Down Payment20.0% of $125,000 purchase
$25,000
+
Origination Fee1 pts on $100,000
$1,000
+
DSCR Closing Coststitle / appraisal / escrow
$2,000
+
Acquisition Closing5% of purchase
$6,250
+
Rehab Budgetcash, not financed by DSCR loan
$10,000
Contingency Reserve10% of rehab$1,000
=
Total Cash to Close
$45,250
Equity Position — Day 1 Post-Refi
Property Value
$200,000
−
DSCR Loan Balance
$100,000
=
Equity in Property
$100,000 (50.0%)
−
Capital Left in Deal
$45,250
=
Value Created
$54,750
$100,000 equity on $45,250 deployed = 2.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,632
−
Property Taxes
$142
−
Insurance
$113
−
Maintenance (6% rent)
$98
−
Management (6% rent)
$98
=
OpEx Subtotal
$450
=
Net Operating Income
$1,182
−
DSCR P&I
$672/mo
=
Net Cash Flow
$510/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.759x✓ Pass
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.762x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,052/mo✓ met
1.10x$1,129/mo✓ met
1.20x$1,205/mo✓ met
1.30x ←$1,282/mo✓ met
1.40x$1,358/mo✓ met