OFF_MARKETRisky Deal5 days on market

1028 Spinks Ct

1028 Spinks Ct, Flower Mound, TX 75028, Flower Mound, TX 75028
$1,175,000
Zestimate®:$1,059,200

Listing Price

Property image 1
1028 Spinks Ct, Flower Mound, TX 75028
Loc: Flower Mound, TX
Days Listed
5
Tax Assessed
$968k
Zestimate®
$1059k
Market Rate
Lot Size
10,019 sqft
Rent Estimate
$5,704/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

10

Bluebonnet Elementary School

PK-5
0.6 mi away
10

Shadow Ridge Middle School

6-8
0.7 mi away
9

Flower Mound High School

9-12
3.1 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
2.40%
Total ROI
11.1%
Cash Flow
$-3,744/mo
DSCR
0.39
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Checking Access...

Haven AI

Analyzing property data...

Checking Access...

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-01Sold$0
2026-04-22Pending sale$1,175,000$279
2026-03-29Contingent$1,175,000$279
2026-02-27Listed for sale$1,175,000$279
2026-02-27Listing removed$1,225,000$291
2026-02-12Price change$1,225,000$291
2026-01-22Listed for sale$1,265,000$301

Tax History

YearProperty TaxTax Assessment
2025$12,455.38$874,500
2024$11,941.33$795,000
2023$11,071.94$741,015
2022$11,651.59$673,650
2021$10,900.57$594,289
2020$11,537.13$595,000
2019$11,158.39$578,000
2018$11,500$572,000
2016$10,519.47$516,011
2015$0$469,101
2014$0$20,649
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
4
Sq Ft
4,207
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $1,175,000Rent Basis: Observed Comp Model ($5,704/mo)State Tax Benchmark: 1.8% (TX)Hazard Reserve: $588/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.40%

NOI: $28,228/yr

Cash-on-Cash Yield
-16.6%

On $270,250 invested

DSCR Ratio
0.39x

Negative debt coverage

5-Yr Leveraged ROI
+11.1%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.8% of basis)-$1,452/mo
Homeowner / Hazard Insurance-$588/mo
Vacancy Reserve (5% of rent)-$285/mo
Repairs & Maintenance (10% of rent)-$570/mo
Property Management (8% of rent)-$456/mo
Total Pure Operating Expenses-$3,352/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,704/mo
Less: Operating Expenses-$3,352/mo
Net Operating Income (NOI)+$2,352/mo
Less: Debt Service (30yr @ 6.75%)-$6,097/mo
Net Cash Flow
$-3,744/mo
$-44,934/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Flower Mound.