5024 Pismo Ray Dr, Katy, TX 77493
Katy, 77493
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Listing Agent
Bob Kory
(281) 394-4608bobkoryteam@bobkoryhomes.com
MMX Group/5024 Pismo Ray Dr, Katy, TX 77493
Flip-63.3%✗
HM→DSCR0.447x✗
Cash→DSCR0.447x✗
New Deal

5024 Pismo Ray Dr, Katy, TX 77493

3bd / 2ba · 1,525 sqft · built 2023 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.499x
FAIL
NOI ÷ debt service
Lender DSCR
0.795x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$659/mo
FAIL
post all expenses · day 1
Cash to Close
$83,190
80% LTV · single close
Value Generated
$32,400
ARV − purchase − rehab
Starting Equity %
32.9%
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
-63.3%
Flip ROI
Cash to First Close
$27,000
what you bring day 1
Net Profit
−$29,162
Max Bid @ 20%
$211,492
−$29,162 profit  ÷  $46,072 total invested  =  -63.3%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$247,350
Purchase (95% LTV)
$232,750
Rehab (100%)
$14,600
Loan-to-ARV
84.7%
Monthly Interest
$2,059/mo
Down Payment5% of $245,000 purchase
$12,250
+
Origination Fee1 pts on $247,350 loan
$2,500
+
Closing Costs5% of purchase
$12,250
=
Cash to First Close
$27,000
Holding Period — 6 Months
HML Interest9.99% IO · $2,059/mo × 6$12,355
Property Taxes$660/mo × 6$3,959
Insurance$216/mo × 6$1,298
Total Holding Costs$17,612
Contingency Reserve10% of rehab — held, not at first close$1,460
Sale Event — Second Close
Sale Price (ARV)
$292,000
−
HML Principal Payofffull IO loan balance
$247,350
−
Closing Costs3.5% of sale price
$10,220
−
Realtor Commission6% of sale price
$17,520
=
Net Proceeds to You
$16,910
Deal Summary
Net Proceeds at Closing
$16,910
−
Cash to First Close
$27,000
−
Holding Costs (6 mo)
$17,612
−
Contingency Reserve
$1,460
=
NET PROFIT
−$29,162
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$215,093−$29,907
15%$213,280−$31,720
20% ←$211,492−$33,508
25%$209,730−$35,270
30%$207,992−$37,008
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
0.499x
DSCR
Cash to Close
$83,190
single close · no bridge
Monthly Cash Flow
−$659/mo
Cash-on-Cash Yr 1
-9.5%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$196,000
LTV (80% of ARV)
67.1%
Monthly P&I
$1,317/mo
Equity at Close
$49,000
Down Payment20.0% of $245,000 purchase
$49,000
+
Origination Fee1 pts on $196,000
$1,960
+
DSCR Closing Coststitle / appraisal / escrow
$3,920
+
Acquisition Closing5% of purchase
$12,250
+
Rehab Budgetcash, not financed by DSCR loan
$14,600
Contingency Reserve10% of rehab$1,460
=
Total Cash to Close
$83,190
Equity Position — Day 1 Post-Refi
Property Value
$292,000
−
DSCR Loan Balance
$196,000
=
Equity in Property
$96,000 (32.9%)
−
Capital Left in Deal
$83,190
=
Value Created
$12,810
$96,000 equity on $83,190 deployed = 1.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,743
−
Property Taxes
$660
−
Insurance
$216
−
Maintenance (6% rent)
$105
−
Management (6% rent)
$105
=
OpEx Subtotal
$1,085
=
Net Operating Income
$658
−
DSCR P&I
$1,317/mo
=
Net Cash Flow
−$659/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.499x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.795x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,492/mo+$749 needed
1.10x$2,642/mo+$899 needed
1.20x$2,792/mo+$1,049 needed
1.30x ←$2,941/mo+$1,198 needed
1.40x$3,091/mo+$1,348 needed
5024 Pismo Ray Dr, Katy, TX 77493 — MX Analyzer