614 N York St, Houston, TX 77003
Houston, 77003
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Listing Agent
Elizabeth Zhu
(832) 760-1733elizabeth@cbure.com
MMX Group/614 N York St, Houston, TX 77003
Flip2.9%✗
HM→DSCR0.840x✗
Cash→DSCR0.840x✗
New Deal

614 N York St, Houston, TX 77003

3bd / 3ba · 1,284 sqft · built 1949 · Single FamilyAnalyzed Jul 30, 2026
DSCR
1.068x
FAIL
NOI ÷ debt service
Lender DSCR
1.185x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
$110/mo
PASS
post all expenses · day 1
Cash to Close
$109,673
80% LTV · single close
Value Generated
$82,100
ARV − purchase − rehab
Starting Equity %
41.1%
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
2.9%
Flip ROI
Cash to First Close
$33,089
what you bring day 1
Net Profit
$1,625
Max Bid @ 20%
$291,392
$1,625 profit  ÷  $56,805 total invested  =  2.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$309,905
Purchase (95% LTV)
$284,905
Rehab (100%)
$25,000
Loan-to-ARV
76.1%
Monthly Interest
$2,580/mo
Down Payment5% of $299,900 purchase
$14,995
+
Origination Fee1 pts on $309,905 loan
$3,099
+
Closing Costs5% of purchase
$14,995
=
Cash to First Close
$33,089
Holding Period — 6 Months
HML Interest9.99% IO · $2,580/mo × 6$15,480
Property Taxes$685/mo × 6$4,112
Insurance$271/mo × 6$1,625
Total Holding Costs$21,216
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$407,000
−
HML Principal Payofffull IO loan balance
$309,905
−
Closing Costs3.5% of sale price
$14,245
−
Realtor Commission6% of sale price
$24,420
=
Net Proceeds to You
$58,430
Deal Summary
Net Proceeds at Closing
$58,430
−
Cash to First Close
$33,089
−
Holding Costs (6 mo)
$21,216
−
Contingency Reserve
$2,500
=
NET PROFIT
$1,625
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$296,305−$3,595
15%$293,831−$6,069
20% ←$291,392−$8,508
25%$288,987−$10,913
30%$286,616−$13,284
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
1.068x
DSCR
Cash to Close
$109,673
single close · no bridge
Monthly Cash Flow
$110/mo
Cash-on-Cash Yr 1
1.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$239,920
LTV (80% of ARV)
58.9%
Monthly P&I
$1,612/mo
Equity at Close
$59,980
Down Payment20.0% of $299,900 purchase
$59,980
+
Origination Fee1 pts on $239,920
$2,399
+
DSCR Closing Coststitle / appraisal / escrow
$4,798
+
Acquisition Closing5% of purchase
$14,995
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$109,673
Equity Position — Day 1 Post-Refi
Property Value
$407,000
−
DSCR Loan Balance
$239,920
=
Equity in Property
$167,080 (41.1%)
−
Capital Left in Deal
$109,673
=
Value Created
$57,407
$167,080 equity on $109,673 deployed = 1.5× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$3,044
−
Property Taxes
$685
−
Insurance
$271
−
Maintenance (6% rent)
$183
−
Management (6% rent)
$183
=
OpEx Subtotal
$1,321
=
Net Operating Income
$1,723
−
DSCR P&I
$1,612/mo
=
Net Cash Flow
$110/mo
DSCR Ratios
DSCR (NOI / Debt Service)
1.068x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.185x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,919/mo✓ met
1.10x$3,102/mo+$58 needed
1.20x$3,285/mo+$241 needed
1.30x ←$3,468/mo+$424 needed
1.40x$3,652/mo+$608 needed
614 N York St, Houston, TX 77003 — MX Analyzer