24702 Bastiani Canvas Ln, Katy, TX 77493
Katy, 77493
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Listing Agent
Mojgan Rezaie
(832) 310-0633moji@moveupwithmoji.com
MMX Group/24702 Bastiani Canvas Ln, Katy, TX 77493
Flip-85.2%✗
HM→DSCR0.440x✗
Cash→DSCR0.440x✗
New Deal

24702 Bastiani Canvas Ln, Katy, TX 77493

4bd / 2.5ba · 2,248 sqft · built 2021 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.471x
FAIL
NOI ÷ debt service
Lender DSCR
0.744x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$995/mo
FAIL
post all expenses · day 1
Cash to Close
$117,900
80% LTV · single close
Value Generated
$30,000
ARV − purchase − rehab
Starting Equity %
30.0%
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
-85.2%
Flip ROI
Cash to First Close
$38,525
what you bring day 1
Net Profit
−$54,627
Max Bid @ 20%
$291,056
−$54,627 profit  ÷  $64,127 total invested  =  -85.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$352,500
Purchase (95% LTV)
$332,500
Rehab (100%)
$20,000
Loan-to-ARV
88.1%
Monthly Interest
$2,935/mo
Down Payment5% of $350,000 purchase
$17,500
+
Origination Fee1 pts on $352,500 loan
$3,525
+
Closing Costs5% of purchase
$17,500
=
Cash to First Close
$38,525
Holding Period — 6 Months
HML Interest9.99% IO · $2,935/mo × 6$17,607
Property Taxes$691/mo × 6$4,145
Insurance$308/mo × 6$1,850
Total Holding Costs$23,602
Contingency Reserve10% of rehab — held, not at first close$2,000
Sale Event — Second Close
Sale Price (ARV)
$400,000
−
HML Principal Payofffull IO loan balance
$352,500
−
Closing Costs3.5% of sale price
$14,000
−
Realtor Commission6% of sale price
$24,000
=
Net Proceeds to You
$9,500
Deal Summary
Net Proceeds at Closing
$9,500
−
Cash to First Close
$38,525
−
Holding Costs (6 mo)
$23,602
−
Contingency Reserve
$2,000
=
NET PROFIT
−$54,627
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$295,894−$54,106
15%$293,458−$56,542
20% ←$291,056−$58,944
25%$288,688−$61,312
30%$286,353−$63,647
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
0.471x
DSCR
Cash to Close
$117,900
single close · no bridge
Monthly Cash Flow
−$995/mo
Cash-on-Cash Yr 1
-10.1%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$280,000
LTV (80% of ARV)
70.0%
Monthly P&I
$1,882/mo
Equity at Close
$70,000
Down Payment20.0% of $350,000 purchase
$70,000
+
Origination Fee1 pts on $280,000
$2,800
+
DSCR Closing Coststitle / appraisal / escrow
$5,600
+
Acquisition Closing5% of purchase
$17,500
+
Rehab Budgetcash, not financed by DSCR loan
$20,000
Contingency Reserve10% of rehab$2,000
=
Total Cash to Close
$117,900
Equity Position — Day 1 Post-Refi
Property Value
$400,000
−
DSCR Loan Balance
$280,000
=
Equity in Property
$120,000 (30.0%)
−
Capital Left in Deal
$117,900
=
Value Created
$2,100
$120,000 equity on $117,900 deployed = 1.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,143
−
Property Taxes
$691
−
Insurance
$308
−
Maintenance (6% rent)
$129
−
Management (6% rent)
$129
=
OpEx Subtotal
$1,256
=
Net Operating Income
$887
−
DSCR P&I
$1,882/mo
=
Net Cash Flow
−$995/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.471x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.744x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,274/mo+$1,131 needed
1.10x$3,487/mo+$1,344 needed
1.20x$3,701/mo+$1,558 needed
1.30x ←$3,915/mo+$1,772 needed
1.40x$4,129/mo+$1,986 needed