4210 Allston St, Houston, TX 77018
Houston, 77018
View on Zillow →View on PropStream →
Listing Agent
Cierra Manney
(346) 300-6590cierra@cmrealtyone.com
MMX Group/4210 Allston St, Houston, TX 77018
Flip-20.5%✗
HM→DSCR1.104x✗
Cash→DSCR1.104x✗
New Deal

4210 Allston St, Houston, TX 77018

2bd / 1ba · 992 sqft · built 1938 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.322x
PASS
NOI ÷ debt service
Lender DSCR
1.427x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$337/mo
PASS
post all expenses · day 1
Cash to Close
$67,125
80% LTV · single close
Value Generated
$41,550
ARV − purchase − rehab
Starting Equity %
37.3%
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
-20.5%
Flip ROI
Cash to First Close
$22,000
what you bring day 1
Net Profit
−$7,113
Max Bid @ 20%
$183,258
−$7,113 profit  ÷  $34,758 total invested  =  -20.5%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$197,700
Purchase (95% LTV)
$185,250
Rehab (100%)
$12,450
Loan-to-ARV
79.4%
Monthly Interest
$1,646/mo
Down Payment5% of $195,000 purchase
$9,750
+
Origination Fee1 pts on $197,700 loan
$2,500
+
Closing Costs5% of purchase
$9,750
=
Cash to First Close
$22,000
Holding Period — 6 Months
HML Interest9.99% IO · $1,646/mo × 6$9,875
Property Taxes$100/mo × 6$601
Insurance$173/mo × 6$1,037
Total Holding Costs$11,513
Contingency Reserve10% of rehab — held, not at first close$1,245
Sale Event — Second Close
Sale Price (ARV)
$249,000
−
HML Principal Payofffull IO loan balance
$197,700
−
Closing Costs3.5% of sale price
$8,715
−
Realtor Commission6% of sale price
$14,940
=
Net Proceeds to You
$27,645
Deal Summary
Net Proceeds at Closing
$27,645
−
Cash to First Close
$22,000
−
Holding Costs (6 mo)
$11,513
−
Contingency Reserve
$1,245
=
NET PROFIT
−$7,113
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$186,124−$8,876
15%$184,680−$10,320
20% ←$183,258−$11,742
25%$181,855−$13,145
30%$180,471−$14,529
Scenario 4 — Turn Key DSCR
Direct DSCR purchase · 80% of ARV · 7.1% / 30yr · one close
✅
PASSES DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 80% of ARV
1.322x
DSCR
Cash to Close
$67,125
single close · no bridge
Monthly Cash Flow
$337/mo
Cash-on-Cash Yr 1
6.0%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$156,000
LTV (80% of ARV)
62.7%
Monthly P&I
$1,048/mo
Equity at Close
$39,000
Down Payment20.0% of $195,000 purchase
$39,000
+
Origination Fee1 pts on $156,000
$1,560
+
DSCR Closing Coststitle / appraisal / escrow
$3,120
+
Acquisition Closing5% of purchase
$9,750
+
Rehab Budgetcash, not financed by DSCR loan
$12,450
Contingency Reserve10% of rehab$1,245
=
Total Cash to Close
$67,125
Equity Position — Day 1 Post-Refi
Property Value
$249,000
−
DSCR Loan Balance
$156,000
=
Equity in Property
$93,000 (37.3%)
−
Capital Left in Deal
$67,125
=
Value Created
$25,875
$93,000 equity on $67,125 deployed = 1.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,885
−
Property Taxes
$100
−
Insurance
$173
−
Maintenance (6% rent)
$113
−
Management (6% rent)
$113
=
OpEx Subtotal
$499
=
Net Operating Income
$1,386
−
DSCR P&I
$1,048/mo
=
Net Cash Flow
$337/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.322x✓ Pass
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.427x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$1,502/mo✓ met
1.10x$1,621/mo✓ met
1.20x$1,740/mo✓ met
1.30x ←$1,859/mo✓ met
1.40x$1,978/mo+$93 needed