Ricardo Salazar REALTOR® · RCR Real Connect Realty
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Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)

Investor sheet · MLS# 29779046 · https://ricosalazar.com/properties/1001-golf-course-dr-harlingen-tx-78552-29779046

For sale

$115,000

1001 Golf Course Dr #J-5, Harlingen, TX 78552

bd
2
ba
2
ft²
1,113
Est. cap rate 4.6% See the numbers →

MLS# 29779046 · Listed by Debbie Alford, Alford Hometown Realty · Tel. 956-459-5325

  • TypeCondo / townhome
  • Year built1974
  • Price / ft²$103
  • HOA / month$233
  • Est. rent$1,225/mo Est.
  • Gateway International Bridge≈ 35 min approx.
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Description

Affordable living in Harlingen!!! 55+ community! Golf Crest Condominiums adjacent to the Tony Butler Golf Course right off I69. This 2 bedroom, 2 bathroom condo is right across from the swimming pool and also has golf course views! Come enjoy the comradery of this community. Enjoy a peaceful Summer here and the heated pool is always available. Lots of fun around November when the Winter Texans start arriving. There is a social hour at the clubhouse starting at 4pm. There is a weekly community meal beginning in mid-November. Golf Crest Condos have holiday celebrations for Thanksgiving, Christmas and New Year's. Members enjoy standing morning tee times at the golf course on Tuesday and Thursday between 9-9:30am during the winter months. Right next to Tony Butler Golf Club and Harlingen City pool, tennis, and parks. Call for your showing today!!

Property details

Type
Condo / townhome · Condominium
Status
For sale
MLS#
29779046
Price
$115,000
Price per ft²
$103
Bedrooms
2
Bathrooms
2
Living area
1,113 ft²
Year built
1974
Subdivision
Golf Crest Condos
City
Harlingen
County
Cameron
HOA
$233/mo
Days on market
64
Listed
Aug 25, 2026
Last updated
Sep 9, 2026, 8:45 PM CT

Numbers for investors

Price per ft²

$103

Source: MLS listing

Estimated rent

$1,225/mo

Gross yield 12.8%

Asking rent: median of 5 active rentals, ZIP 78552, 2 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

64

Source: MLS listing

Est. fixed costs per month
$540/mo Est.
Cash to close with 25% down
$32,200 Est.
Est. cap rate
4.6% Est.

How we calculate the cap rate, and how accurate it is

General information only, not legal, tax or financial advice. Ricardo Salazar is a licensed real estate agent, not an attorney, CPA or lender. Consult qualified professionals in the U.S. and Mexico.

Investment calculator · Estimates

What could it earn?

Purchase

List price per the MLS. Try your own offer.

25%

100% = cash purchase, no loan.

7%

Planning assumption, not a lender quote.

Loan term
Income
/mo

Asking rent: median of 5 active rentals, ZIP 78552, 2 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

8%

Share of the year the property sits empty.

Expenses
/yr

Estimated at 2.2% of the price per year. Verify it with the Cameron Appraisal District.

/yr

Estimated at 1% of the price per year; coastal wind coverage can cost more.

/mo

Monthly dues per the MLS listing.

5%

% of collected rent.

8%

% of collected rent, if you hire a manager.

3%

Buyer side: title, appraisal, lender fees (estimate).

How we calculate the cap rate, and how accurate it is

Cap rate = NOI ÷ price. NOI is the rent you would collect in a year, after vacancy, minus the costs of running the property. The loan is left out, so the cap rate measures the property as if you paid cash.

Gross rent, 12 months Estimate
$14,700
Gross yield: rent ÷ price, before costs
12.8%
minus Vacancy (8% of gross rent) Assumption
$1,176
equals Rent collected
$13,524
minus Property tax Estimate
$2,530
minus Insurance Estimate
$1,150
minus HOA dues, 12 months MLS listing
$2,796
minus Maintenance (5% of rent collected) Assumption
$676
minus Management (8% of rent collected) Assumption
$1,082
equals Net operating income (NOI)
$5,290
divided by Price MLS listing
$115,000
equals Cap rate
4.6%

Amounts are rounded to the dollar; the cap rate uses the exact figures.

Is it accurate?

It is an estimate, not a quote or a guaranteed return. It is only as good as its inputs:

  • From the MLS listing: price, HOA
  • Our estimates and assumptions: rent, property tax, insurance, vacancy, maintenance, management
  • MLS figures are what the listing reports. We have not verified them.
  • Listings in this MLS do not include property tax, so unless you enter your own figure we use 2.2% of the price a year. Look up the property’s value and taxing units at the Cameron Appraisal District (opens in a new tab); a rental does not get the homestead exemption.
  • If a listing advertises its own cap rate, it may leave out vacancy, management or other costs, which makes it look higher.
  • To confirm it, ask for the current lease or rent roll, last year’s tax bill (Cameron County Tax Assessor-Collector) and your own insurance quote from a Texas-licensed agent; coastal wind and flood coverage can cost much more. For a specific property, Ricardo can ask the listing agent for the lease, the tax bill and what the seller pays for insurance.

What it leaves out

  • The mortgage. Your loan shows up in cash flow and cash-on-cash, not in the cap rate.
  • Big repairs and replacements (roof, A/C, appliances) and savings set aside for them.
  • Utilities, lawn care or pest control, if the owner pays them.
  • Closing costs, leasing fees, income taxes in the U.S. or Mexico, and depreciation.

Location and drive times

1001 Golf Course Dr #J-5, Harlingen, TX 78552 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 35 min approx.
  • B&M International Bridge≈ 35 min approx.
  • UTRGV Brownsville campus≈ 35 min approx.
  • Port of Brownsville≈ 35 min approx.
  • Veterans International Bridge at Los Tomates≈ 35 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 45 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 55 min approx.

Approximate car times computed from the map: city pace for the first 10 km, highway pace after that, and trips that would cross the ship channel go around it by the Port. They do not include traffic, bridge waits or launch-day road closures.

Schematic

Approximate positions; not a navigation map.

  • Area (opens its page)
  • International bridge
  • Main highway
  • Ship channel

Gateway Bridge to South Padre Island: ≈ 37 km (23 mi) in a straight line.

Base map data © OpenStreetMap

Buying from Mexico with a loan?

Ricardo is not a lender. Ask him which loan types exist for foreign buyers and which documents lenders usually request.

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Ask about this property

Ricardo Salazar

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

  • Español
  • English
Phone / WhatsApp
+1 (956) 592-5052
Website
https://ricosalazar.com/

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Condo / townhome · Harlingen

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Listing office: Alford Hometown Realty

Listing agent: Debbie Alford

Office contact: 956-459-5325

MLS# 29779046 · Last updated

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$115,000Est. cap rate 4.6%

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1001 Golf Course Dr #J-5, Harlingen, TX 78552 · MLS# 29779046