23818 Asino Dr, Katy, TX 77493
Katy, 77493
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Listing Agent
Christian Walsh
(281) 750-2915christian@christianwalshhomes.com
MMX Group/23818 Asino Dr, Katy, TX 77493
Flip-157.1%✗
HM→DSCR0.708x✗
Cash→DSCR0.708x✗
New Deal

23818 Asino Dr, Katy, TX 77493

4bd / 2ba · 2,124 sqft · built 2017 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.664x
FAIL
NOI ÷ debt service
Lender DSCR
0.903x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$553/mo
FAIL
post all expenses · day 1
Cash to Close
$104,769
80% LTV · single close
Value Generated
$19,200
ARV − purchase − rehab
Starting Equity %
20.0%
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
-157.1%
Flip ROI
Cash to First Close
$34,087
what you bring day 1
Net Profit
−$90,169
Max Bid @ 20%
$221,074
−$90,169 profit  ÷  $57,394 total invested  =  -157.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$309,705
Purchase (95% LTV)
$294,405
Rehab (100%)
$15,300
Loan-to-ARV
101.2%
Monthly Interest
$2,578/mo
Down Payment5% of $309,900 purchase
$15,495
+
Origination Fee1 pts on $309,705 loan
$3,097
+
Closing Costs5% of purchase
$15,495
=
Cash to First Close
$34,087
Holding Period — 6 Months
HML Interest9.99% IO · $2,578/mo × 6$15,470
Property Taxes$780/mo × 6$4,681
Insurance$271/mo × 6$1,626
Total Holding Costs$21,777
Contingency Reserve10% of rehab — held, not at first close$1,530
Sale Event — Second Close
Sale Price (ARV)
$306,000
−
HML Principal Payofffull IO loan balance
$309,705
−
Closing Costs3.5% of sale price
$10,710
−
Realtor Commission6% of sale price
$18,360
=
Net Proceeds to You
−$32,775
Deal Summary
Net Proceeds at Closing
−$32,775
−
Cash to First Close
$34,087
−
Holding Costs (6 mo)
$21,777
−
Contingency Reserve
$1,530
=
NET PROFIT
−$90,169
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$224,886−$85,014
15%$222,966−$86,934
20% ←$221,074−$88,826
25%$219,208−$90,692
30%$217,368−$92,532
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
0.664x
DSCR
Cash to Close
$104,769
single close · no bridge
Monthly Cash Flow
−$553/mo
Cash-on-Cash Yr 1
-6.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$244,800
LTV (80% of ARV)
80.0%
Monthly P&I
$1,645/mo
Equity at Close
$61,200
Down Payment21.0% of $309,900 purchase
$65,100
+
Origination Fee1 pts on $244,800
$2,448
+
DSCR Closing Coststitle / appraisal / escrow
$4,896
+
Acquisition Closing5% of purchase
$15,495
+
Rehab Budgetcash, not financed by DSCR loan
$15,300
Contingency Reserve10% of rehab$1,530
=
Total Cash to Close
$104,769
Equity Position — Day 1 Post-Refi
Property Value
$306,000
−
DSCR Loan Balance
$244,800
=
Equity in Property
$61,200 (20.0%)
−
Capital Left in Deal
$104,769
=
Value Created
−$43,569
$61,200 equity on $104,769 deployed = 0.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,436
−
Property Taxes
$780
−
Insurance
$271
−
Maintenance (6% rent)
$146
−
Management (6% rent)
$146
=
OpEx Subtotal
$1,343
=
Net Operating Income
$1,093
−
DSCR P&I
$1,645/mo
=
Net Cash Flow
−$553/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.664x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.903x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,064/mo+$628 needed
1.10x$3,251/mo+$815 needed
1.20x$3,438/mo+$1,002 needed
1.30x ←$3,625/mo+$1,189 needed
1.40x$3,812/mo+$1,376 needed