8038 Record St
Houston, TX 77028 • Publicly listed duplex
This is the opposite of a home-run flip. It is a simple income play. The property is still active at $215,000. The deal improves materially if the seller moves into the high $100Ks.
The numbers that matter
| Current ask / basis | $215,000 |
| Recommended max screen | $195K-$205K |
| Value / ARV screen | $200K-$220K |
| Rehab / reserve | $5K-$12K reserve |
| Rent screen | $2,150 current / $2,300-$2,400 upside |
| Estimated investor cash | $45K-$55K |
| Primary strategy | DSCR duplex hold |
| Street View / block screen | Street View available • verify block before final offer |
How I would screen the financing
Permanent DSCR is the first screen. Underwrite taxes and Houston insurance before assuming the rent can support maximum leverage.
Rule: minimum FICO and maximum leverage are not assumed to occur in the same file. Property condition, experience, reserves, DSCR, state and loan amount can materially change the terms.
Block context is part of the underwriting
Public sources provide Street View. The final offer should still be conditioned on confirming the immediate block, parking, drainage and any nearby land-use issues because this is a yield deal with limited forced-equity cushion.
Deal-breaking diligence
- Portal data on total bedrooms/baths is inconsistent with the duplex marketing; verify the rent roll and actual layout.
- Little built-in equity at $215K.
- Taxes and insurance can weaken DSCR.
- Verify utilities, deferred maintenance and actual lease status.
Go back to the source.
The Deal Desk screen is a starting point. Verify current status, property condition, title, taxes, occupancy, legal use, rents, Street View / block context and any auction rules directly from the public source and local professionals.
“A good deal can survive conservative numbers and a street-level reality check.”Dr. Rob • Deal Desk
Want to pursue 8038 Record St?
Send the deal through the funding console. I will have the property, strategy, credit range, liquidity and experience in one clean packet.