8361 Tate St, Houston, TX 77028
Houston, 77028
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Listing Agent
Jeanna Stone
(713) 628-6154j.stonerealestate@outlook.com
MMX Group/8361 Tate St, Houston, TX 77028
Flip-60.9%✗
HM→DSCR0.384x✗
Cash→DSCR0.384x✗
New Deal

8361 Tate St, Houston, TX 77028

3bd / 2.5ba · 1,462 sqft · built 2023 · Single FamilyAnalyzed Jul 30, 2026
DSCR
0.431x
FAIL
NOI ÷ debt service
Lender DSCR
0.712x
FAIL
EGI ÷ P&I+tax+ins+HOA
Monthly Cash Flow
−$689/mo
FAIL
post all expenses · day 1
Cash to Close
$76,445
80% LTV · single close
Value Generated
$30,550
ARV − purchase − rehab
Starting Equity %
33.1%
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
-60.9%
Flip ROI
Cash to First Close
$25,000
what you bring day 1
Net Profit
−$25,254
Max Bid @ 20%
$195,917
−$25,254 profit  ÷  $41,499 total invested  =  -60.9%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$227,200
Purchase (95% LTV)
$213,750
Rehab (100%)
$13,450
Loan-to-ARV
84.5%
Monthly Interest
$1,891/mo
Down Payment5% of $225,000 purchase
$11,250
+
Origination Fee1 pts on $227,200 loan
$2,500
+
Closing Costs5% of purchase
$11,250
=
Cash to First Close
$25,000
Holding Period — 6 Months
HML Interest9.99% IO · $1,891/mo × 6$11,349
Property Taxes$436/mo × 6$2,614
Insurance$199/mo × 6$1,192
Total Holding Costs$15,154
Contingency Reserve10% of rehab — held, not at first close$1,345
Sale Event — Second Close
Sale Price (ARV)
$269,000
−
HML Principal Payofffull IO loan balance
$227,200
−
Closing Costs3.5% of sale price
$9,415
−
Realtor Commission6% of sale price
$16,140
=
Net Proceeds to You
$16,245
Deal Summary
Net Proceeds at Closing
$16,245
−
Cash to First Close
$25,000
−
Holding Costs (6 mo)
$15,154
−
Contingency Reserve
$1,345
=
NET PROFIT
−$25,254
Max Bid by ROI Target
ROIMax Bidvs Offer
10%$199,158−$25,842
15%$197,526−$27,474
20% ←$195,917−$29,083
25%$194,331−$30,669
30%$192,767−$32,233
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
0.431x
DSCR
Cash to Close
$76,445
single close · no bridge
Monthly Cash Flow
−$689/mo
Cash-on-Cash Yr 1
-10.8%
Acquisition — Single Close
DSCR Purchase Loan — 7.1% / 30yr · Minimal Rehab · No Bridge
Loan Amount
$180,000
LTV (80% of ARV)
66.9%
Monthly P&I
$1,210/mo
Equity at Close
$45,000
Down Payment20.0% of $225,000 purchase
$45,000
+
Origination Fee1 pts on $180,000
$1,800
+
DSCR Closing Coststitle / appraisal / escrow
$3,600
+
Acquisition Closing5% of purchase
$11,250
+
Rehab Budgetcash, not financed by DSCR loan
$13,450
Contingency Reserve10% of rehab$1,345
=
Total Cash to Close
$76,445
Equity Position — Day 1 Post-Refi
Property Value
$269,000
−
DSCR Loan Balance
$180,000
=
Equity in Property
$89,000 (33.1%)
−
Capital Left in Deal
$76,445
=
Value Created
$12,555
$89,000 equity on $76,445 deployed = 1.2× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,313
−
Property Taxes
$436
−
Insurance
$199
−
Maintenance (6% rent)
$79
−
Management (6% rent)
$79
=
OpEx Subtotal
$792
=
Net Operating Income
$521
−
DSCR P&I
$1,210/mo
=
Net Cash Flow
−$689/mo
DSCR Ratios
DSCR (NOI / Debt Service)
0.431x✗ Fail
Lender DSCR (EGI / P&I+tax+ins+HOA)
0.712x✗ Fail
Required Rent by DSCR Target
TargetRent Neededvs Current
1.00x$2,095/mo+$782 needed
1.10x$2,233/mo+$920 needed
1.20x$2,370/mo+$1,057 needed
1.30x ←$2,508/mo+$1,195 needed
1.40x$2,645/mo+$1,332 needed
8361 Tate St, Houston, TX 77028 — MX Analyzer