24407 Strong Pine Dr, Houston, TX 77336
Houston, 77336
View on Zillow →
Listing Agent
Patrick King
(713) 987-7050info@realtykingsproperties.com
MMX Group/24407 Strong Pine Dr, Houston, TX 77336
Flip-1.9%✗
HM→DSCR1.078x✗
Cash→DSCR1.078x✗
New Deal

24407 Strong Pine Dr, Houston, TX 77336

3bd / 2.5ba · 1,572 sqft · built 2003 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.335x
PASS
NOI ÷ debt service
Lender DSCR
1.411x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$342/mo
PASS
post all expenses · day 1
Cash to Close
$65,865
80% LTV · single close
Value Generated
$48,450
ARV − purchase − rehab
Starting Equity %
39.4%
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
-1.9%
Flip ROI
Cash to First Close
$21,500
what you bring day 1
Net Profit
−$647
Max Bid @ 20%
$183,959
−$647 profit  ÷  $34,752 total invested  =  -1.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$193,050
Purchase (95% LTV)
$180,500
Rehab (100%)
$12,550
Loan-to-ARV
76.9%
Monthly Interest
$1,607/mo
Down Payment5% of $190,000 purchase
$9,500
+
Origination Fee1 pts on $193,050 loan
$2,500
+
Closing Costs5% of purchase
$9,500
=
Cash to First Close
$21,500
Holding Period — 6 Months
HML Interest9.99% IO · $1,607/mo × 6$9,643
Property Taxes$224/mo × 6$1,341
Insurance$169/mo × 6$1,013
Total Holding Costs$11,997
Contingency Reserve10% of rehab — held, not at first close$1,255
Sale Event — Second Close
Sale Price (ARV)
$251,000
−
HML Principal Payofffull IO loan balance
$193,050
−
Closing Costs3.5% of sale price
$8,785
−
Realtor Commission6% of sale price
$15,060
=
Net Proceeds to You
$34,105
Deal Summary
Net Proceeds at Closing
$34,105
−
Cash to First Close
$21,500
−
Holding Costs (6 mo)
$11,997
−
Contingency Reserve
$1,255
=
NET PROFIT
−$647
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$186,902−$3,098
15%$185,420−$4,580
20% ←$183,959−$6,041
25%$182,518−$7,482
30%$181,097−$8,903
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
1.335x
DSCR
Cash to Close
$65,865
single close · no bridge
Monthly Cash Flow
$342/mo
Cash-on-Cash Yr 1
6.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$152,000
LTV (80% of ARV)
60.6%
Monthly P&I
$1,021/mo
Equity at Close
$38,000
Down Payment20.0% of $190,000 purchase
$38,000
+
Origination Fee1 pts on $152,000
$1,520
+
DSCR Closing Coststitle / appraisal / escrow
$3,040
+
Acquisition Closing5% of purchase
$9,500
+
Rehab Budgetcash, not financed by DSCR loan
$12,550
Contingency Reserve10% of rehab$1,255
=
Total Cash to Close
$65,865
Equity Position — Day 1 Post-Refi
Property Value
$251,000
−
DSCR Loan Balance
$152,000
=
Equity in Property
$99,000 (39.4%)
−
Capital Left in Deal
$65,865
=
Value Created
$33,135
$99,000 equity on $65,865 deployed = 1.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,995
−
Property Taxes
$224
−
Insurance
$169
−
Maintenance (6% rent)
$120
−
Management (6% rent)
$120
=
OpEx Subtotal
$632
=
Net Operating Income
$1,363
−
DSCR P&I
$1,021/mo
=
Net Cash Flow
$342/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.335x✓ Pass
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.411x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,607/mo✓ met
1.10x$1,723/mo✓ met
1.20x$1,839/mo✓ met
1.30x ←$1,955/mo✓ met
1.40x$2,071/mo+$76 needed