5303 Lincoln Green Dr, Katy, TX 77493
Katy, 77493
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Listing Agent
The Franklin Team
(281) 347-2200team@thefranklinteaminc.com
MMX Group/5303 Lincoln Green Dr, Katy, TX 77493
Flip-92.2%✗
HM→DSCR0.754x✗
Cash→DSCR0.754x✗
New Deal

5303 Lincoln Green Dr, Katy, TX 77493

3bd / 2ba · 1,526 sqft · built 1975 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.797x
FAIL
NOI ÷ debt service
Lender DSCR
0.981x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$256/mo
FAIL
post all expenses · day 1
Cash to Close
$78,965
80% LTV · single close
Value Generated
$16,750
ARV − purchase − rehab
Starting Equity %
29.1%
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
-92.2%
Flip ROI
Cash to First Close
$26,000
what you bring day 1
Net Profit
−$39,495
Max Bid @ 20%
$193,144
−$39,495 profit  ÷  $42,820 total invested  =  -92.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$236,500
Purchase (95% LTV)
$223,250
Rehab (100%)
$13,250
Loan-to-ARV
89.2%
Monthly Interest
$1,969/mo
Down Payment5% of $235,000 purchase
$11,750
+
Origination Fee1 pts on $236,500 loan
$2,500
+
Closing Costs5% of purchase
$11,750
=
Cash to First Close
$26,000
Holding Period — 6 Months
HML Interest9.99% IO · $1,969/mo × 6$11,813
Property Taxes$407/mo × 6$2,441
Insurance$207/mo × 6$1,241
Total Holding Costs$15,495
Contingency Reserve10% of rehab — held, not at first close$1,325
Sale Event — Second Close
Sale Price (ARV)
$265,000
−
HML Principal Payofffull IO loan balance
$236,500
−
Closing Costs3.5% of sale price
$9,275
−
Realtor Commission6% of sale price
$15,900
=
Net Proceeds to You
$3,325
Deal Summary
Net Proceeds at Closing
$3,325
−
Cash to First Close
$26,000
−
Holding Costs (6 mo)
$15,495
−
Contingency Reserve
$1,325
=
NET PROFIT
−$39,495
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$196,327−$38,673
15%$194,724−$40,276
20% ←$193,144−$41,856
25%$191,586−$43,414
30%$190,050−$44,950
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
0.797x
DSCR
Cash to Close
$78,965
single close · no bridge
Monthly Cash Flow
−$256/mo
Cash-on-Cash Yr 1
-3.9%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$188,000
LTV (80% of ARV)
70.9%
Monthly P&I
$1,263/mo
Equity at Close
$47,000
Down Payment20.0% of $235,000 purchase
$47,000
+
Origination Fee1 pts on $188,000
$1,880
+
DSCR Closing Coststitle / appraisal / escrow
$3,760
+
Acquisition Closing5% of purchase
$11,750
+
Rehab Budgetcash, not financed by DSCR loan
$13,250
Contingency Reserve10% of rehab$1,325
=
Total Cash to Close
$78,965
Equity Position — Day 1 Post-Refi
Property Value
$265,000
−
DSCR Loan Balance
$188,000
=
Equity in Property
$77,000 (29.1%)
−
Capital Left in Deal
$78,965
=
Value Created
−$1,965
$77,000 equity on $78,965 deployed = 1.0× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,842
−
Property Taxes
$407
−
Insurance
$207
−
Maintenance (6% rent)
$111
−
Management (6% rent)
$111
=
OpEx Subtotal
$835
=
Net Operating Income
$1,007
−
DSCR P&I
$1,263/mo
=
Net Cash Flow
−$256/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.797x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.981x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,133/mo+$291 needed
1.10x$2,277/mo+$435 needed
1.20x$2,420/mo+$578 needed
1.30x ←$2,564/mo+$722 needed
1.40x$2,707/mo+$865 needed