3423 Sicily Island Ln, Katy, TX 77494
Katy, 77494
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Listing Agent
Ngan Winston
(832) 773-1381
MMX Group/3423 Sicily Island Ln, Katy, TX 77494
Flip-129.8%✗
HM→DSCR0.736x✗
Cash→DSCR0.736x✗
New Deal

3423 Sicily Island Ln, Katy, TX 77494

4bd / 3ba · 2,403 sqft · built 2020 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.722x
FAIL
NOI ÷ debt service
Lender DSCR
0.944x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$486/mo
FAIL
post all expenses · day 1
Cash to Close
$107,747
80% LTV · single close
Value Generated
$1,990
ARV − purchase − rehab
Starting Equity %
23.5%
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
-129.8%
Flip ROI
Cash to First Close
$35,756
what you bring day 1
Net Profit
−$78,479
Max Bid @ 20%
$245,847
−$78,479 profit  ÷  $60,438 total invested  =  -129.8%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$325,741
Purchase (95% LTV)
$308,741
Rehab (100%)
$17,000
Loan-to-ARV
95.8%
Monthly Interest
$2,712/mo
Down Payment5% of $324,990 purchase
$16,250
+
Origination Fee1 pts on $325,741 loan
$3,257
+
Closing Costs5% of purchase
$16,250
=
Cash to First Close
$35,756
Holding Period — 6 Months
HML Interest9.99% IO · $2,712/mo × 6$16,271
Property Taxes$834/mo × 6$5,001
Insurance$285/mo × 6$1,710
Total Holding Costs$22,982
Contingency Reserve10% of rehab — held, not at first close$1,700
Sale Event — Second Close
Sale Price (ARV)
$340,000
−
HML Principal Payofffull IO loan balance
$325,741
−
Closing Costs3.5% of sale price
$11,900
−
Realtor Commission6% of sale price
$20,400
=
Net Proceeds to You
−$18,040
Deal Summary
Net Proceeds at Closing
−$18,040
−
Cash to First Close
$35,756
−
Holding Costs (6 mo)
$22,982
−
Contingency Reserve
$1,700
=
NET PROFIT
−$78,479
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$250,069−$74,921
15%$247,943−$77,047
20% ←$245,847−$79,143
25%$243,781−$81,209
30%$241,744−$83,246
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
0.722x
DSCR
Cash to Close
$107,747
single close · no bridge
Monthly Cash Flow
−$486/mo
Cash-on-Cash Yr 1
-5.4%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$259,992
LTV (80% of ARV)
76.5%
Monthly P&I
$1,747/mo
Equity at Close
$64,998
Down Payment20.0% of $324,990 purchase
$64,998
+
Origination Fee1 pts on $259,992
$2,600
+
DSCR Closing Coststitle / appraisal / escrow
$5,200
+
Acquisition Closing5% of purchase
$16,250
+
Rehab Budgetcash, not financed by DSCR loan
$17,000
Contingency Reserve10% of rehab$1,700
=
Total Cash to Close
$107,747
Equity Position — Day 1 Post-Refi
Property Value
$340,000
−
DSCR Loan Balance
$259,992
=
Equity in Property
$80,008 (23.5%)
−
Capital Left in Deal
$107,747
=
Value Created
−$27,739
$80,008 equity on $107,747 deployed = 0.7× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,704
−
Property Taxes
$834
−
Insurance
$285
−
Maintenance (6% rent)
$162
−
Management (6% rent)
$162
=
OpEx Subtotal
$1,443
=
Net Operating Income
$1,261
−
DSCR P&I
$1,747/mo
=
Net Cash Flow
−$486/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.722x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.944x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,257/mo+$553 needed
1.10x$3,455/mo+$751 needed
1.20x$3,654/mo+$950 needed
1.30x ←$3,852/mo+$1,148 needed
1.40x$4,051/mo+$1,347 needed
3423 Sicily Island Ln, Katy, TX 77494 — MX Analyzer