23742 Indian Hills Way, Katy, TX 77494
Katy, 77494
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Listing Agent
Anastasia Cosarinsky
MMX Group/23742 Indian Hills Way, Katy, TX 77494
Flip-151.3%✗
HM→DSCR0.822x✗
Cash→DSCR0.822x✗
New Deal

23742 Indian Hills Way, Katy, TX 77494

4bd / 2.5ba · 2,600 sqft · built 1998 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.782x
FAIL
NOI ÷ debt service
Lender DSCR
0.963x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$481/mo
FAIL
post all expenses · day 1
Cash to Close
$139,840
80% LTV · single close
Value Generated
$19,000
ARV − purchase − rehab
Starting Equity %
21.2%
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
-151.3%
Flip ROI
Cash to First Close
$45,145
what you bring day 1
Net Profit
−$112,078
Max Bid @ 20%
$299,115
−$112,078 profit  ÷  $74,058 total invested  =  -151.3%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$414,500
Purchase (95% LTV)
$389,500
Rehab (100%)
$25,000
Loan-to-ARV
99.6%
Monthly Interest
$3,451/mo
Down Payment5% of $410,000 purchase
$20,500
+
Origination Fee1 pts on $414,500 loan
$4,145
+
Closing Costs5% of purchase
$20,500
=
Cash to First Close
$45,145
Holding Period — 6 Months
HML Interest9.99% IO · $3,451/mo × 6$20,704
Property Taxes$589/mo × 6$3,534
Insurance$363/mo × 6$2,175
Total Holding Costs$26,413
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$416,000
−
HML Principal Payofffull IO loan balance
$414,500
−
Closing Costs3.5% of sale price
$14,560
−
Realtor Commission6% of sale price
$24,960
=
Net Proceeds to You
−$38,020
Deal Summary
Net Proceeds at Closing
−$38,020
−
Cash to First Close
$45,145
−
Holding Costs (6 mo)
$26,413
−
Contingency Reserve
$2,500
=
NET PROFIT
−$112,078
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$304,088−$105,912
15%$301,584−$108,416
20% ←$299,115−$110,885
25%$296,681−$113,319
30%$294,281−$115,719
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
0.782x
DSCR
Cash to Close
$139,840
single close · no bridge
Monthly Cash Flow
−$481/mo
Cash-on-Cash Yr 1
-4.1%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$328,000
LTV (80% of ARV)
78.8%
Monthly P&I
$2,204/mo
Equity at Close
$82,000
Down Payment20.0% of $410,000 purchase
$82,000
+
Origination Fee1 pts on $328,000
$3,280
+
DSCR Closing Coststitle / appraisal / escrow
$6,560
+
Acquisition Closing5% of purchase
$20,500
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$139,840
Equity Position — Day 1 Post-Refi
Property Value
$416,000
−
DSCR Loan Balance
$328,000
=
Equity in Property
$88,000 (21.2%)
−
Capital Left in Deal
$139,840
=
Value Created
−$51,840
$88,000 equity on $139,840 deployed = 0.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$3,039
−
Property Taxes
$589
−
Insurance
$363
−
Maintenance (6% rent)
$182
−
Management (6% rent)
$182
=
OpEx Subtotal
$1,316
=
Net Operating Income
$1,723
−
DSCR P&I
$2,204/mo
=
Net Cash Flow
−$481/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.782x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.963x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,586/mo+$547 needed
1.10x$3,837/mo+$798 needed
1.20x$4,087/mo+$1,048 needed
1.30x ←$4,338/mo+$1,299 needed
1.40x$4,588/mo+$1,549 needed