6726 Seinfeld Ct, Houston, TX 77069
Houston, 77069
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Listing Agent
Jeff Vrana
(281) 444-5140jeff.vrana@garygreene.com
MMX Group/6726 Seinfeld Ct, Houston, TX 77069
Flip-130.4%✗
HM→DSCR0.831x✗
Cash→DSCR0.831x✗
New Deal

6726 Seinfeld Ct, Houston, TX 77069

4bd / 3.5ba · 3,322 sqft · built 1985 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.828x
FAIL
NOI ÷ debt service
Lender DSCR
0.983x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$358/mo
FAIL
post all expenses · day 1
Cash to Close
$133,264
80% LTV · single close
Value Generated
$1,000
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
-130.4%
Flip ROI
Cash to First Close
$42,517
what you bring day 1
Net Profit
−$88,665
Max Bid @ 20%
$296,632
−$88,665 profit  ÷  $68,015 total invested  =  -130.4%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$391,700
Purchase (95% LTV)
$366,700
Rehab (100%)
$25,000
Loan-to-ARV
95.5%
Monthly Interest
$3,261/mo
Down Payment5% of $386,000 purchase
$19,300
+
Origination Fee1 pts on $391,700 loan
$3,917
+
Closing Costs5% of purchase
$19,300
=
Cash to First Close
$42,517
Holding Period — 6 Months
HML Interest9.99% IO · $3,261/mo × 6$19,565
Property Taxes$230/mo × 6$1,378
Insurance$343/mo × 6$2,055
Total Holding Costs$22,998
Contingency Reserve10% of rehab — held, not at first close$2,500
Sale Event — Second Close
Sale Price (ARV)
$410,000
−
HML Principal Payofffull IO loan balance
$391,700
−
Closing Costs3.5% of sale price
$14,350
−
Realtor Commission6% of sale price
$24,600
=
Net Proceeds to You
−$20,650
Deal Summary
Net Proceeds at Closing
−$20,650
−
Cash to First Close
$42,517
−
Holding Costs (6 mo)
$22,998
−
Contingency Reserve
$2,500
=
NET PROFIT
−$88,665
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$301,378−$84,622
15%$298,988−$87,012
20% ←$296,632−$89,368
25%$294,309−$91,691
30%$292,018−$93,982
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
0.828x
DSCR
Cash to Close
$133,264
single close · no bridge
Monthly Cash Flow
−$358/mo
Cash-on-Cash Yr 1
-3.2%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$308,800
LTV (80% of ARV)
75.3%
Monthly P&I
$2,075/mo
Equity at Close
$77,200
Down Payment20.0% of $386,000 purchase
$77,200
+
Origination Fee1 pts on $308,800
$3,088
+
DSCR Closing Coststitle / appraisal / escrow
$6,176
+
Acquisition Closing5% of purchase
$19,300
+
Rehab Budgetcash, not financed by DSCR loan
$25,000
Contingency Reserve10% of rehab$2,500
=
Total Cash to Close
$133,264
Equity Position — Day 1 Post-Refi
Property Value
$410,000
−
DSCR Loan Balance
$308,800
=
Equity in Property
$101,200 (24.7%)
−
Capital Left in Deal
$133,264
=
Value Created
−$32,064
$101,200 equity on $133,264 deployed = 0.8× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$2,602
−
Property Taxes
$230
−
Insurance
$343
−
Maintenance (6% rent)
$156
−
Management (6% rent)
$156
=
OpEx Subtotal
$884
=
Net Operating Income
$1,718
−
DSCR P&I
$2,075/mo
=
Net Cash Flow
−$358/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.828x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.983x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$3,008/mo+$406 needed
1.10x$3,244/mo+$642 needed
1.20x$3,480/mo+$878 needed
1.30x ←$3,716/mo+$1,114 needed
1.40x$3,952/mo+$1,350 needed