4203 New Orleans St, Houston, TX 77020
Houston, 77020
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Listing Agent
Evan Compean
(832) 777-3904admin@thecompeangroup.com
MMX Group/4203 New Orleans St, Houston, TX 77020
Flip-104.9%✗
HM→DSCR0.515x✗
Cash→DSCR0.515x✗
New Deal

4203 New Orleans St, Houston, TX 77020

3bd / 2ba · 1,080 sqft · built 1940 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.532x
FAIL
NOI ÷ debt service
Lender DSCR
0.785x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$501/mo
FAIL
post all expenses · day 1
Cash to Close
$66,571
80% LTV · single close
Value Generated
$9,050
ARV − purchase − rehab
Starting Equity %
27.3%
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
-104.9%
Flip ROI
Cash to First Close
$22,400
what you bring day 1
Net Profit
−$38,588
Max Bid @ 20%
$159,375
−$38,588 profit  ÷  $36,783 total invested  =  -104.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$200,000
Purchase (95% LTV)
$189,050
Rehab (100%)
$10,950
Loan-to-ARV
91.3%
Monthly Interest
$1,665/mo
Down Payment5% of $199,000 purchase
$9,950
+
Origination Fee1 pts on $200,000 loan
$2,500
+
Closing Costs5% of purchase
$9,950
=
Cash to First Close
$22,400
Holding Period — 6 Months
HML Interest9.99% IO · $1,665/mo × 6$9,990
Property Taxes$375/mo × 6$2,249
Insurance$175/mo × 6$1,050
Total Holding Costs$13,288
Contingency Reserve10% of rehab — held, not at first close$1,095
Sale Event — Second Close
Sale Price (ARV)
$219,000
−
HML Principal Payofffull IO loan balance
$200,000
−
Closing Costs3.5% of sale price
$7,665
−
Realtor Commission6% of sale price
$13,140
=
Net Proceeds to You
−$1,805
Deal Summary
Net Proceeds at Closing
−$1,805
−
Cash to First Close
$22,400
−
Holding Costs (6 mo)
$13,288
−
Contingency Reserve
$1,095
=
NET PROFIT
−$38,588
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$162,022−$36,978
15%$160,689−$38,311
20% ←$159,375−$39,625
25%$158,079−$40,921
30%$156,801−$42,199
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
0.532x
DSCR
Cash to Close
$66,571
single close · no bridge
Monthly Cash Flow
−$501/mo
Cash-on-Cash Yr 1
-9.0%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$159,200
LTV (80% of ARV)
72.7%
Monthly P&I
$1,070/mo
Equity at Close
$39,800
Down Payment20.0% of $199,000 purchase
$39,800
+
Origination Fee1 pts on $159,200
$1,592
+
DSCR Closing Coststitle / appraisal / escrow
$3,184
+
Acquisition Closing5% of purchase
$9,950
+
Rehab Budgetcash, not financed by DSCR loan
$10,950
Contingency Reserve10% of rehab$1,095
=
Total Cash to Close
$66,571
Equity Position — Day 1 Post-Refi
Property Value
$219,000
−
DSCR Loan Balance
$159,200
=
Equity in Property
$59,800 (27.3%)
−
Capital Left in Deal
$66,571
=
Value Created
−$6,771
$59,800 equity on $66,571 deployed = 0.9× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,271
−
Property Taxes
$375
−
Insurance
$175
−
Maintenance (6% rent)
$76
−
Management (6% rent)
$76
=
OpEx Subtotal
$702
=
Net Operating Income
$569
−
DSCR P&I
$1,070/mo
=
Net Cash Flow
−$501/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.532x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.785x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,840/mo+$569 needed
1.10x$1,962/mo+$691 needed
1.20x$2,084/mo+$813 needed
1.30x ←$2,205/mo+$934 needed
1.40x$2,327/mo+$1,056 needed
4203 New Orleans St, Houston, TX 77020 — MX Analyzer