26522 Hillside Dr, Spring, TX 77386
Spring, 77386
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Listing Agent
Ivannia Recio
(281) 683-7808imrecio@hotmail.com
MMX Group/26522 Hillside Dr, Spring, TX 77386
Flip-102.9%✗
HM→DSCR0.744x✗
Cash→DSCR0.744x✗
New Deal

26522 Hillside Dr, Spring, TX 77386

4bd / 3ba · 2,388 sqft · built 1968 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.783x
FAIL
NOI ÷ debt service
Lender DSCR
0.960x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$408/mo
FAIL
post all expenses · day 1
Cash to Close
$123,400
80% LTV · single close
Value Generated
$18,001
ARV − purchase − rehab
Starting Equity %
28.8%
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
-102.9%
Flip ROI
Cash to First Close
$38,575
what you bring day 1
Net Profit
−$65,306
Max Bid @ 20%
$281,837
−$65,306 profit  ÷  $63,472 total invested  =  -102.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$357,499
Purchase (95% LTV)
$332,499
Rehab (100%)
$25,000
Loan-to-ARV
91.0%
Monthly Interest
$2,976/mo
Down Payment5% of $349,999 purchase
$17,500
+
Origination Fee1 pts on $357,499 loan
$3,575
+
Closing Costs5% of purchase
$17,500
=
Cash to First Close
$38,575
Holding Period — 6 Months
HML Interest9.99% IO · $2,976/mo × 6$17,857
Property Taxes$444/mo × 6$2,665
Insurance$312/mo × 6$1,875
Total Holding Costs$22,397
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$393,000
−
HML Principal Payofffull IO loan balance
$357,499
−
Closing Costs3.5% of sale price
$13,755
−
Realtor Commission6% of sale price
$23,580
=
Net Proceeds to You
−$1,834
Deal Summary
Net Proceeds at Closing
−$1,834
−
Cash to First Close
$38,575
−
Holding Costs (6 mo)
$22,397
−
Contingency Reserve
$2,500
=
NET PROFIT
−$65,306
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$286,485−$63,514
15%$284,145−$65,854
20% ←$281,837−$68,162
25%$279,562−$70,437
30%$277,319−$72,680
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
0.783x
DSCR
Cash to Close
$123,400
single close · no bridge
Monthly Cash Flow
−$408/mo
Cash-on-Cash Yr 1
-4.0%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$279,999
LTV (80% of ARV)
71.2%
Monthly P&I
$1,882/mo
Equity at Close
$70,000
Down Payment20.0% of $349,999 purchase
$70,000
+
Origination Fee1 pts on $279,999
$2,800
+
DSCR Closing Coststitle / appraisal / escrow
$5,600
+
Acquisition Closing5% of purchase
$17,500
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$123,400
Equity Position — Day 1 Post-Refi
Property Value
$393,000
−
DSCR Loan Balance
$279,999
=
Equity in Property
$113,001 (28.8%)
−
Capital Left in Deal
$123,400
=
Value Created
−$10,399
$113,001 equity on $123,400 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,534
−
Property Taxes
$444
−
Insurance
$312
−
Maintenance (6% rent)
$152
−
Management (6% rent)
$152
=
OpEx Subtotal
$1,061
=
Net Operating Income
$1,473
−
DSCR P&I
$1,882/mo
=
Net Cash Flow
−$408/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.783x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.960x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,998/mo+$464 needed
1.10x$3,212/mo+$678 needed
1.20x$3,426/mo+$892 needed
1.30x ←$3,640/mo+$1,106 needed
1.40x$3,853/mo+$1,319 needed