515 Steeplechase Trl, Kennedale, TX, 76060 | $825/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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515 Steeplechase Trl, Kennedale, TX, 76060 | $825/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Kennedale at 515 Steeplechase Trl, Kennedale, TX, 76060 priced at $549,000 converts $4,729/mo rent into $825/mo cash flow after a $2,687/mo obligation. Total monthly income equals $4,729/mo, and annual cash flow totals $9,901/yr on $180,621 invested. Return on cash invested prints 25.54% in year one, and rental yield reads 10.34% against a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation compiles into $151,679 by year five. Five-year ROI reaches 134.26% and total cumulative return in cash sums $242,504. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,729/mo property income covering a $2,687/mo payment, not borrower’s personal income.

Single Family

Built in 1994

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Located on a huge corner lot in a wonderfully convenient location in Kennedale, this home has been loved for decades by it's current owners and it truly shows. With 5 bedrooms and 3 full bathrooms, it awaits it's new family. As soon as you drive up to the home you'll notice beautifully updated and renewed landscaping that make the home a picturesque site to see. Inside, you're greeted right away by a spacious formal dining area along with the first of TWO living areas. The updated and upgraded kitchen and bathroom areas will remind you that this home wasn't just lived in, it was loved. New countertops, new appliances, new flooring, new paint, $25,000 invested in the HVAC, $15,000 on the fence, a reliable 30 year shingled roof, and a gorgeous and well-maintained pool greet you as you walk through the tiered back yard demonstrate the investment made to keep this home in it's finest and truest form. This home truly has it all. The refrigerator, washer and dryer, and the $5,000 COMMERCIAL FREEZER can all convey with this home! All located just a short drive from 287 with food, groceries, and shopping. Come and see the approximately $150,000 invested in this home by it's current owners today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76060, Kennedale, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,619 (100%)
Owner Occupied HU	2,388 (66.0%)
Renter Occupied HU	1,087 (30.0%)
Vacant Housing Units	144 ( 4.0%)
Median Home Value	$420,911
Average Home Value	$450,866