3024 Andiamo Ln, Katy, TX 77493
Katy, 77493
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Listing Agent
Dionelle (Don) Davis
(936) 494-5500don@dondavisrealtygroup.com
MMX Group/3024 Andiamo Ln, Katy, TX 77493
Flip-107.1%✗
HM→DSCR0.343x✗
Cash→DSCR0.343x✗
New Deal

3024 Andiamo Ln, Katy, TX 77493

4bd / 3.5ba · 2,498 sqft · built 2024 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.352x
FAIL
NOI ÷ debt service
Lender DSCR
0.718x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$1,098/mo
FAIL
post all expenses · day 1
Cash to Close
$105,285
80% LTV · single close
Value Generated
$12,750
ARV − purchase − rehab
Starting Equity %
27.0%
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
-107.1%
Flip ROI
Cash to First Close
$34,665
what you bring day 1
Net Profit
−$64,215
Max Bid @ 20%
$248,409
−$64,215 profit  ÷  $59,940 total invested  =  -107.1%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$316,500
Purchase (95% LTV)
$299,250
Rehab (100%)
$17,250
Loan-to-ARV
91.7%
Monthly Interest
$2,635/mo
Down Payment5% of $315,000 purchase
$15,750
+
Origination Fee1 pts on $316,500 loan
$3,165
+
Closing Costs5% of purchase
$15,750
=
Cash to First Close
$34,665
Holding Period — 6 Months
HML Interest9.99% IO · $2,635/mo × 6$15,809
Property Taxes$1,013/mo × 6$6,080
Insurance$277/mo × 6$1,661
Total Holding Costs$23,550
Contingency Reserve10% of rehab — held, not at first close$1,725
Sale Event — Second Close
Sale Price (ARV)
$345,000
−
HML Principal Payofffull IO loan balance
$316,500
−
Closing Costs3.5% of sale price
$12,075
−
Realtor Commission6% of sale price
$20,700
=
Net Proceeds to You
−$4,275
Deal Summary
Net Proceeds at Closing
−$4,275
−
Cash to First Close
$34,665
−
Holding Costs (6 mo)
$23,550
−
Contingency Reserve
$1,725
=
NET PROFIT
−$64,215
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$252,766−$62,234
15%$250,572−$64,428
20% ←$248,409−$66,591
25%$246,276−$68,724
30%$244,173−$70,827
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
0.352x
DSCR
Cash to Close
$105,285
single close · no bridge
Monthly Cash Flow
−$1,098/mo
Cash-on-Cash Yr 1
-12.5%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$252,000
LTV (80% of ARV)
73.0%
Monthly P&I
$1,694/mo
Equity at Close
$63,000
Down Payment20.0% of $315,000 purchase
$63,000
+
Origination Fee1 pts on $252,000
$2,520
+
DSCR Closing Coststitle / appraisal / escrow
$5,040
+
Acquisition Closing5% of purchase
$15,750
+
Rehab Budgetcash, not financed by DSCR loan
$17,250
Contingency Reserve10% of rehab$1,725
=
Total Cash to Close
$105,285
Equity Position — Day 1 Post-Refi
Property Value
$345,000
−
DSCR Loan Balance
$252,000
=
Equity in Property
$93,000 (27.0%)
−
Capital Left in Deal
$105,285
=
Value Created
−$12,285
$93,000 equity on $105,285 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,143
−
Property Taxes
$1,013
−
Insurance
$277
−
Maintenance (6% rent)
$129
−
Management (6% rent)
$129
=
OpEx Subtotal
$1,547
=
Net Operating Income
$596
−
DSCR P&I
$1,694/mo
=
Net Cash Flow
−$1,098/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.352x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.718x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,391/mo+$1,248 needed
1.10x$3,583/mo+$1,440 needed
1.20x$3,775/mo+$1,632 needed
1.30x ←$3,968/mo+$1,825 needed
1.40x$4,160/mo+$2,017 needed