Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
2716 Silver Maple Court 
Flower Mound, TX
75028
4 Beds 3 Baths 2,496 sqft
Built 1993
INVESTimate
$390,000
List Price
$109,100
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $156.25
- 2 Days on Market
- MLS # : 14412110
- Updated Date : 08/25/2020 at 10:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,496 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
Well maintained home on private cul de sac walking distance to trails & parks. All levels of schools are exemplary & minutes away. Whole house water filtration system. Open floor plan with bright & light living and dining areas. Master suite on the first floor with half-bath for guests. Updated throughout with granite counter-tops, vessel sinks, ss appliances, double convection oven, gas cooktop, custom glazed cabinets, & special paint finishes. Outside features include extended driveway, walkway, & extended patio with natural gas connection & electrical drawn for future pergola structure. Bonus treehouse & a covered cabana make this backyard a perfect retreat with mature landscaping, sprinkler system.
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Stone Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stone Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$673 | |
| Property Insurance | -$171 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$73
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.34% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,100
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
3.92
YEARS SAVED
$17,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,459
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2716 Silver Maple Court Flower Mound, TX 1
- 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,310
- $0.93
-
2117 Gisbourne Drive Flower Mound, TX 2
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1993
LEASED 01/25/20- Rent
- Rent Per SQFT
- $2,350
- $0.98
-
1553 Yaggi Drive Flower Mound, TX 3
- 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1987
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,395
- $0.93
-
2725 Halsey Drive Flower Mound, TX 4
- 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 1998
LEASED 09/04/19- Rent
- Rent Per SQFT
- $2,400
- $1.01
-
1005 Sanmar Drive Flower Mound, TX 5
- 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1995
LEASED 09/07/19- Rent
- Rent Per SQFT
- $2,500
- $1.02
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14412110
Last Updated: 08/25/2020
