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$350,000

1009 Cherokee Trl, Plano, TX, 75023

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,633 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.33 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0435-002-0260-1
Lot Number26
SubdivisionParkhill Addition (Cpl)
Land UseResidential
Legal DescriptionPARKHILL ADDITION (CPL), BLK B, LOT 26
Census Tract031635
Assessed Land Value$95,000
Assessed Improvement Value$204,888
Assessment Year2025

About this property

Amazing well kept, clean home in a very desirable area with NO HOA with 3 beds, 2 baths, living room, 2 large dining areas, completely updated kitchen and covered back patio with a private backyard with storage shed included and 2 car garage. The kitchen was gutted and completely rebuilt in 2022 with granite countertops, tile backsplash, gorgeous cabinets, tile flooring, pantry, and large breakfast nook. The living room as beautiful engineered wood flooring, fireplace, crown molding, and vaulted ceiling connected to the formal dining room. The primary bedroom fits a king size bed and primary bathroom has oversized shower with update marble tile and dual sinks with extra shelving and large closet. All of the bedrooms have carpet and crown molding and all rooms have ceiling fans. Good sized back yard with a covered patio and concrete pad and storage shed. In 2021, the roof, water heater and back door with 2 doors with interior blinds, and stove were replaced. In 2023, the entire air conditioning system was replaced with a programmable thermostat along with guest bath shower tile, both toilets, entire exterior painted, and dishwasher were replaced. In 2025, every interior door was replaced. Attic insulation was added in 2018. Ring doorbell to convey and some furniture for sale. Walking distance to restaurants, soccer fields, Thomas Elementary and Clark High School.

Investor Tools

$39,790Estimated Mortgage Balance
$307,210Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$706
$299,888
2025
$95,000
$204,888
$299,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$706
$299,888

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Stand Alone First / Home Equity First Lien
$109,300
No
First
Jul 22, 2015
Aug 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$39,790
$306,210
88%
11%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,330/mo
N/A
+$2,330/mo
8.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Plano

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1009 Cherokee Trl | Property Details | No Agent List