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$512,000

NAL Estimated Property Value

1232 Cherokee Drive, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,630 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$276.07 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42190501550210000
SubdivisionRichardson Heights Estates North1
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH1 LT 0021 INT202200218696 DD08092022 CO-DC 1905015502100 3CR19050155
Census Tract019205
Assessment Year2025

About this property

This charming home has been lovingly maintained, and lies nestled on a large, treed lot in the much sought-after community of The Reservation within Richardson Heights Estates. The spacious living room serves as the heart of this home and boasts beamed ceiling accent and beautiful brick fireplace with gas logs. Adjoining the living area is a big dining room and cute kitchen with breakfast nook. Kitchen updated with white cabinetry, granite countertops and tile backsplash. Spacious master suite is equipped with two walk-in closets. Additional updates include plantation shutters, updated lighting and paint in neutral colors throughout. Among the other numerous updates is the HVAC system updated in 2020, and the water heater in 2019. Neighborhood enjoys great central location, as well as award winning schools including Mohawk Elementary, and JJ Pearce High School.

Investor Tools

Property Icon
$512,000
Estimated Property Value
$434,001Estimated Mortgage Balance
$77,999Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,072 /month
Positive
Cash Flow Estimate:
$1,024 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,054/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,087
$462,610
2025
N/A
N/A
$462,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,087
$462,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Conventional
$373,411
No
First
Dec 22, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$434,001
$77,999
15%
85%
$2,620/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,620/mo
$-580/mo
4.8%

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: Richardson

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1232 Cherokee Drive | Property Details | No Agent List