29322 Hoelzen Hollow Dr, Katy, TX 77494
Katy, 77494
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Listing Agent
Shanead Sims
(347) 241-4328shaneads@collectiverealtyco.com
MMX Group/29322 Hoelzen Hollow Dr, Katy, TX 77494
Flip-162.5%✗
HM→DSCR0.650x✗
Cash→DSCR0.650x✗
New Deal

29322 Hoelzen Hollow Dr, Katy, TX 77494

4bd / 3ba · 2,097 sqft · built 2022 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.609x
FAIL
NOI ÷ debt service
Lender DSCR
0.847x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$760/mo
FAIL
post all expenses · day 1
Cash to Close
$127,498
80% LTV · single close
Value Generated
$26,100
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
-162.5%
Flip ROI
Cash to First Close
$40,696
what you bring day 1
Net Profit
−$109,206
Max Bid @ 20%
$262,821
−$109,206 profit  ÷  $67,216 total invested  =  -162.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$369,600
Purchase (95% LTV)
$351,500
Rehab (100%)
$18,100
Loan-to-ARV
102.1%
Monthly Interest
$3,077/mo
Down Payment5% of $370,000 purchase
$18,500
+
Origination Fee1 pts on $369,600 loan
$3,696
+
Closing Costs5% of purchase
$18,500
=
Cash to First Close
$40,696
Holding Period — 6 Months
HML Interest9.99% IO · $3,077/mo × 6$18,462
Property Taxes$718/mo × 6$4,308
Insurance$323/mo × 6$1,941
Total Holding Costs$24,710
Contingency Reserve10% of rehab — held, not at first close$1,810
Sale Event — Second Close
Sale Price (ARV)
$362,000
−
HML Principal Payofffull IO loan balance
$369,600
−
Closing Costs3.5% of sale price
$12,670
−
Realtor Commission6% of sale price
$21,720
=
Net Proceeds to You
−$41,990
Deal Summary
Net Proceeds at Closing
−$41,990
−
Cash to First Close
$40,696
−
Holding Costs (6 mo)
$24,710
−
Contingency Reserve
$1,810
=
NET PROFIT
−$109,206
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$267,241−$102,759
15%$265,015−$104,985
20% ←$262,821−$107,179
25%$260,658−$109,342
30%$258,525−$111,475
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
0.609x
DSCR
Cash to Close
$127,498
single close · no bridge
Monthly Cash Flow
−$760/mo
Cash-on-Cash Yr 1
-7.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$289,600
LTV (80% of ARV)
80.0%
Monthly P&I
$1,946/mo
Equity at Close
$72,400
Down Payment21.7% of $370,000 purchase
$80,400
+
Origination Fee1 pts on $289,600
$2,896
+
DSCR Closing Coststitle / appraisal / escrow
$5,792
+
Acquisition Closing5% of purchase
$18,500
+
Rehab Budgetcash, not financed by DSCR loan
$18,100
Contingency Reserve10% of rehab$1,810
=
Total Cash to Close
$127,498
Equity Position — Day 1 Post-Refi
Property Value
$362,000
−
DSCR Loan Balance
$289,600
=
Equity in Property
$72,400 (20.0%)
−
Capital Left in Deal
$127,498
=
Value Created
−$55,098
$72,400 equity on $127,498 deployed = 0.6× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,531
−
Property Taxes
$718
−
Insurance
$323
−
Maintenance (6% rent)
$152
−
Management (6% rent)
$152
=
OpEx Subtotal
$1,345
=
Net Operating Income
$1,186
−
DSCR P&I
$1,946/mo
=
Net Cash Flow
−$760/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.609x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.847x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,395/mo+$864 needed
1.10x$3,616/mo+$1,085 needed
1.20x$3,837/mo+$1,306 needed
1.30x ←$4,059/mo+$1,528 needed
1.40x$4,280/mo+$1,749 needed