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$950,981

For Sale - Active
2024 Clearwater Trl, Carrollton, TX 75010
4 Beds
4 Baths
3,626 Square Feet
0.22 Acres Lot
Built in 2025
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 23, 2025 at 05:53AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,775
Cap Rate
2.2%
Cash-on-Cash Return
-15.2%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.7%

Property Description


0.22 Acres Lot
Built in 2025
For Sale - Active
Units n/a

The Memphis by David Weekley Homes brings together the best of comfort, sophistication, and top-quality craftsmanship—all nestled in the peaceful lakeside setting of Lakewood Village. Enjoy small-town charm, natural beauty, and the convenience of the Dallas-area lifestyle in the Northshore community. Show off your style and embrace everyday livability in the beautifully crafted family and dining spaces that serve as the heart of this home. The open kitchen is thoughtfully designed with a central island and expansive views of the living areas, creating a warm and inviting atmosphere for both cooking and connecting. The Owner’s Retreat is your personal haven, complete with a luxurious bathroom and a sprawling walk-in closet. A private guest suite and two junior bedrooms make this home ideal for hosting and accommodating a variety of personalities and needs. Enjoy added flexibility with two main-level studies and an upstairs retreat perfect for working, learning, or unwinding. Step out onto the covered porch to relax and take in the fresh air, just moments from Lake Lewisville. Experience the Best in Design, Choice, and Service with this expertly designed home in Northshore at Lakewood Village.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Covered, Garage, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R106265
  • Lot Size: 9748 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2025

Tax Information

  • Annual Tax: $0

Utilities

  • Heating: Central
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air, Electric

Location

  • County: Denton

Listing Details


Listed by:
Jimmy Rado
David M. Weekley
(877) 933-5539

Source:
North Texas Real Estate Information Systems (NTREIS)
MLS#: 20955496
North Texas Real Estate Information Systems (NTREIS)

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,775
Cap Rate
2.2%
Cash-on-Cash Return
-15.2%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.7%

Purchase Details

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Purchase price:
$950,981
Amount financed:
-$760,785
Down payment:
$190,196
Closing costs:
$28,529
Rehab costs:
$0
Initial cash invested:
$218,725
Square feet:
3,626
Cost per square foot:
$262
Monthly rent per square foot:
$0.69

Financing Details

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Loan amount:
$760,785
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,500
Property tax:
$0
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,675

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$625-$7,500

Cash Flow


Monthly Yearly
Net operating income:
$1,725 $20,700
Mortgage payments:
-$4,500 -$54,000
Cash flow:
$2,775 $33,300