3819 Aurora Mist Ln, Houston, TX 77053
Houston, 77053
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Listing Agent
Melissa Wilson
(832) 779-6909melissamwilson1@gmail.com
MMX Group/3819 Aurora Mist Ln, Houston, TX 77053
Flip-25.0%✗
HM→DSCR0.910x✗
Cash→DSCR0.910x✗
New Deal

3819 Aurora Mist Ln, Houston, TX 77053

4bd / 2.5ba · 2,346 sqft · built 2009 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.146x
FAIL
NOI ÷ debt service
Lender DSCR
1.242x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$164/mo
PASS
post all expenses · day 1
Cash to Close
$85,013
80% LTV · single close
Value Generated
$47,100
ARV − purchase − rehab
Starting Equity %
40.5%
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
-25.0%
Flip ROI
Cash to First Close
$23,490
what you bring day 1
Net Profit
−$10,264
Max Bid @ 20%
$194,021
−$10,264 profit  ÷  $41,069 total invested  =  -25.0%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$224,405
Purchase (95% LTV)
$199,405
Rehab (100%)
$25,000
Loan-to-ARV
79.6%
Monthly Interest
$1,868/mo
Down Payment5% of $209,900 purchase
$10,495
+
Origination Fee1 pts on $224,405 loan
$2,500
+
Closing Costs5% of purchase
$10,495
=
Cash to First Close
$23,490
Holding Period — 6 Months
HML Interest9.99% IO · $1,868/mo × 6$11,209
Property Taxes$449/mo × 6$2,696
Insurance$196/mo × 6$1,175
Total Holding Costs$15,079
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$282,000
−
HML Principal Payofffull IO loan balance
$224,405
−
Closing Costs3.5% of sale price
$9,870
−
Realtor Commission6% of sale price
$16,920
=
Net Proceeds to You
$30,805
Deal Summary
Net Proceeds at Closing
$30,805
−
Cash to First Close
$23,490
−
Holding Costs (6 mo)
$15,079
−
Contingency Reserve
$2,500
=
NET PROFIT
−$10,264
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$197,411−$12,489
15%$195,704−$14,196
20% ←$194,021−$15,879
25%$192,362−$17,538
30%$190,726−$19,174
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
1.146x
DSCR
Cash to Close
$85,013
single close · no bridge
Monthly Cash Flow
$164/mo
Cash-on-Cash Yr 1
2.3%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$167,920
LTV (80% of ARV)
59.5%
Monthly P&I
$1,128/mo
Equity at Close
$41,980
Down Payment20.0% of $209,900 purchase
$41,980
+
Origination Fee1 pts on $167,920
$1,679
+
DSCR Closing Coststitle / appraisal / escrow
$3,358
+
Acquisition Closing5% of purchase
$10,495
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$85,013
Equity Position — Day 1 Post-Refi
Property Value
$282,000
−
DSCR Loan Balance
$167,920
=
Equity in Property
$114,080 (40.5%)
−
Capital Left in Deal
$85,013
=
Value Created
$29,067
$114,080 equity on $85,013 deployed = 1.3× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,202
−
Property Taxes
$449
−
Insurance
$196
−
Maintenance (6% rent)
$132
−
Management (6% rent)
$132
=
OpEx Subtotal
$909
=
Net Operating Income
$1,293
−
DSCR P&I
$1,128/mo
=
Net Cash Flow
$164/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.146x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.242x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,015/mo✓ met
1.10x$2,144/mo✓ met
1.20x$2,272/mo+$70 needed
1.30x ←$2,400/mo+$198 needed
1.40x$2,528/mo+$326 needed