6414 Indigo St, Houston, TX 77074
Houston, 77074
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Listing Agent
Rochelle Jones
(281) 850-6536rochelle@rochellesoldit.com
MMX Group/6414 Indigo St, Houston, TX 77074
Flip-123.2%✗
HM→DSCR0.985x✗
Cash→DSCR0.985x✗
New Deal

6414 Indigo St, Houston, TX 77074

4bd / 2ba · 1,853 sqft · built 1959 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.981x
FAIL
NOI ÷ debt service
Lender DSCR
1.121x
PASS
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$25/mo
FAIL
post all expenses · day 1
Cash to Close
$79,785
80% LTV · single close
Value Generated
$2,250
ARV − purchase − rehab
Starting Equity %
24.7%
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
-123.2%
Flip ROI
Cash to First Close
$26,500
what you bring day 1
Net Profit
−$52,912
Max Bid @ 20%
$186,355
−$52,912 profit  ÷  $42,937 total invested  =  -123.2%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$240,750
Purchase (95% LTV)
$228,000
Rehab (100%)
$12,750
Loan-to-ARV
94.4%
Monthly Interest
$2,004/mo
Down Payment5% of $240,000 purchase
$12,000
+
Origination Fee1 pts on $240,750 loan
$2,500
+
Closing Costs5% of purchase
$12,000
=
Cash to First Close
$26,500
Holding Period — 6 Months
HML Interest9.99% IO · $2,004/mo × 6$12,025
Property Taxes$312/mo × 6$1,873
Insurance$211/mo × 6$1,264
Total Holding Costs$15,162
Contingency Reserve10% of rehab — held, not at first close$1,275
Sale Event — Second Close
Sale Price (ARV)
$255,000
−
HML Principal Payofffull IO loan balance
$240,750
−
Closing Costs3.5% of sale price
$8,925
−
Realtor Commission6% of sale price
$15,300
=
Net Proceeds to You
−$9,975
Deal Summary
Net Proceeds at Closing
−$9,975
−
Cash to First Close
$26,500
−
Holding Costs (6 mo)
$15,162
−
Contingency Reserve
$1,275
=
NET PROFIT
−$52,912
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$189,383−$50,617
15%$187,858−$52,142
20% ←$186,355−$53,645
25%$184,873−$55,127
30%$183,412−$56,588
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
0.981x
DSCR
Cash to Close
$79,785
single close · no bridge
Monthly Cash Flow
−$25/mo
Cash-on-Cash Yr 1
-0.4%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$192,000
LTV (80% of ARV)
75.3%
Monthly P&I
$1,290/mo
Equity at Close
$48,000
Down Payment20.0% of $240,000 purchase
$48,000
+
Origination Fee1 pts on $192,000
$1,920
+
DSCR Closing Coststitle / appraisal / escrow
$3,840
+
Acquisition Closing5% of purchase
$12,000
+
Rehab Budgetcash, not financed by DSCR loan
$12,750
Contingency Reserve10% of rehab$1,275
=
Total Cash to Close
$79,785
Equity Position — Day 1 Post-Refi
Property Value
$255,000
−
DSCR Loan Balance
$192,000
=
Equity in Property
$63,000 (24.7%)
−
Capital Left in Deal
$79,785
=
Value Created
−$16,785
$63,000 equity on $79,785 deployed = 0.8× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,032
−
Property Taxes
$312
−
Insurance
$211
−
Maintenance (6% rent)
$122
−
Management (6% rent)
$122
=
OpEx Subtotal
$767
=
Net Operating Income
$1,265
−
DSCR P&I
$1,290/mo
=
Net Cash Flow
−$25/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.981x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
1.121x✓ Pass
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,060/mo+$28 needed
1.10x$2,207/mo+$175 needed
1.20x$2,353/mo+$321 needed
1.30x ←$2,500/mo+$468 needed
1.40x$2,647/mo+$615 needed