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$499,000

2116 Sheffield Ln, Flower Mound, TX, 75028

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,162 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.8 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Combination, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size6,874 sqft

Building Information

Year Built1990
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR115078
Lot Number4
SubdivisionLake Forest Addn Ph 1
Land UseResidential
Legal DescriptionLAKE FOREST ADDN PH 1 BLK 13 LOT 4
Census Tract021726
Assessed Land Value$104,844
Assessed Improvement Value$410,399
Assessment Year2025

About this property

Single story warm and inviting Open Concept 4-bedroom, 2-bath home in Flower Mound’s established Lake Forest neighborhood with voluntary HOA per seller. Designed for comfortable everyday living, this home offers a spacious living room, and family room with fireplace off the Kitchen, Separate dining room with access off the kitchen, and a open kitchen with breakfast area. Vaulted ceilings and abundant natural light create an open, airy feel, while the kitchen features granite countertops, and hardwood cabinets, tile backsplash, and breakfast-bar. Recent updates include fresh paint in most areas and new carpet in the primary bedroom. Exterior windows have been replaced and provide another valuable improvement, with an existing warranty still in place. Step outside to a covered patio and fenced backyard with room to relax, play, or entertain. A standout feature is the detached, climate-controlled bonus room previously used as a home office. It offers flexible space for working from home, hobbies, a studio, or creative retreat. Additional outdoor storage and a 2-car garage add everyday convenience. The location makes this home even more appealing. Donald Elementary is within walking distance per seller, and the home feeds to Flower Mound High School per seller, subject to LISD verification. Enjoy miles of walking and biking opportunities throughout the Lake Forest area, plus convenient access to nearby Rheudasil Park. If you’re searching for a 4-bedroom home in Flower Mound with no HOA, flexible home-office space, multiple living areas, and access to parks and trails, 2116 Sheffield Ln deserves a closer look. Rheudasil Park is nearby, and walking and biking opportunities run throughout the neighborhood. location that makes everyday life remarkably convenient.

Investor Tools

$256,612Estimated Mortgage Balance
$235,388Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

Interested in this property?

Scott Wandell

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$653/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,381
$445,500
2025
$104,844
$410,399
$515,243
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,381
$445,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintrust Mortgage
Conventional
$291,835
No
First
Jul 20, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,612
$235,388
47%
52%
$1,750/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,850/mo
$1,750/mo
+$2,100/mo
9.4%

City: Flower Mound

2116 Sheffield Ln | Property Details | No Agent List