28719 Leon River Ct, Spring, TX 77386
Spring, 77386
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Listing Agent
Juan Nunez
(281) 772-9647jnun56@yahoo.com
MMX Group/28719 Leon River Ct, Spring, TX 77386
Flip-22.9%✗
HM→DSCR1.076x✗
Cash→DSCR1.076x✗
New Deal

28719 Leon River Ct, Spring, TX 77386

3bd / 2.5ba · 1,608 sqft · built 2007 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.340x
PASS
NOI ÷ debt service
Lender DSCR
1.419x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$420/mo
PASS
post all expenses · day 1
Cash to Close
$90,383
80% LTV · single close
Value Generated
$50,500
ARV − purchase − rehab
Starting Equity %
39.8%
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
-22.9%
Flip ROI
Cash to First Close
$25,450
what you bring day 1
Net Profit
−$9,817
Max Bid @ 20%
$213,512
−$9,817 profit  ÷  $42,817 total invested  =  -22.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$243,025
Purchase (95% LTV)
$218,025
Rehab (100%)
$25,000
Loan-to-ARV
79.7%
Monthly Interest
$2,023/mo
Down Payment5% of $229,500 purchase
$11,475
+
Origination Fee1 pts on $243,025 loan
$2,500
+
Closing Costs5% of purchase
$11,475
=
Cash to First Close
$25,450
Holding Period — 6 Months
HML Interest9.99% IO · $2,023/mo × 6$12,139
Property Taxes$243/mo × 6$1,455
Insurance$212/mo × 6$1,273
Total Holding Costs$14,867
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$305,000
−
HML Principal Payofffull IO loan balance
$243,025
−
Closing Costs3.5% of sale price
$10,675
−
Realtor Commission6% of sale price
$18,300
=
Net Proceeds to You
$33,000
Deal Summary
Net Proceeds at Closing
$33,000
−
Cash to First Close
$25,450
−
Holding Costs (6 mo)
$14,867
−
Contingency Reserve
$2,500
=
NET PROFIT
−$9,817
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$217,071−$12,429
15%$215,279−$14,221
20% ←$213,512−$15,988
25%$211,769−$17,731
30%$210,051−$19,449
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
1.340x
DSCR
Cash to Close
$90,383
single close · no bridge
Monthly Cash Flow
$420/mo
Cash-on-Cash Yr 1
5.6%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$183,600
LTV (80% of ARV)
60.2%
Monthly P&I
$1,234/mo
Equity at Close
$45,900
Down Payment20.0% of $229,500 purchase
$45,900
+
Origination Fee1 pts on $183,600
$1,836
+
DSCR Closing Coststitle / appraisal / escrow
$3,672
+
Acquisition Closing5% of purchase
$11,475
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$90,383
Equity Position — Day 1 Post-Refi
Property Value
$305,000
−
DSCR Loan Balance
$183,600
=
Equity in Property
$121,400 (39.8%)
−
Capital Left in Deal
$90,383
=
Value Created
$31,017
$121,400 equity on $90,383 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,396
−
Property Taxes
$243
−
Insurance
$212
−
Maintenance (6% rent)
$144
−
Management (6% rent)
$144
=
OpEx Subtotal
$742
=
Net Operating Income
$1,654
−
DSCR P&I
$1,234/mo
=
Net Cash Flow
$420/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.340x✓ Pass
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.419x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,919/mo✓ met
1.10x$2,059/mo✓ met
1.20x$2,199/mo✓ met
1.30x ←$2,339/mo✓ met
1.40x$2,480/mo+$84 needed
28719 Leon River Ct, Spring, TX 77386 — MX Analyzer