REALTOR® · TREC #643769
Ricardo Salazar
RCR Real Connect Realty
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Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)
Investor sheet · MLS# 29779581 · https://ricosalazar.com/properties/1016-oro-blanco-ave-brownsville-tx-78521-29779581
$393,050
1016 Oro Blanco Ave #4, Brownsville, TX 78521
- units
- 2
- ft²
- 2,246
MLS# 29779581 · Listed by Hortencia Villarreal, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
- TypeIncome property
- Year built2026
- Lot0.17 acres
- Price / ft²$175
- Port of Brownsville≈ 5 min approx.
Description
A Great Investment Opportunity in a Desirable Brownsville Location Take advantage of this excellent investment opportunity in one of the most desirable and rapidly growing areas of Brownsville! This brand-new construction duplex offers the flexibility to maximize your investment. Use both units as income-producing properties, or you can live in one and rent the other to help offset your monthly expenses. Each unit features 3 spacious bedrooms and 2 bathrooms, with a modern and comfortable layout designed for both functionality and style. Every detail has been thoughtfully selected with great taste, creating a cozy yet contemporary atmosphere that is sure to appeal to tenants and homeowners alike. The location is another major advantage. The property is just minutes from South Padre Island and Boca Chica Beach, offering easy access to some of the area's most popular destinations. It is also conveniently located near SpaceX and LNG, two major employers that continue to grow and expand.
Property details
- Type
- Income property · Multi Family
- Status
- For sale
- MLS#
- 29779581
- Price
- $393,050
- Price per ft²
- $175
- Units
- 2
- Living area
- 2,246 ft²
- Lot size
- 0.17 acres
- Year built
- 2026
- Subdivision
- El Naranjal
- City
- Brownsville
- County
- Cameron
- Days on market
- 43
- Listed
- Sep 15, 2026
- Last updated
- Sep 24, 2026, 3:09 PM CT
Numbers for investors
Price per ft²
$175
Source: MLS listing
Days on market
43
Source: MLS listing
- Est. fixed costs per month
- $1,048/mo Est.
- Cash to close with 25% down
- $110,054 Est.
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?
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 Not provided
- —
- Rent per unit (2 units), per month
- —
- Gross yield: rent ÷ price, before costs
- —
- minus Vacancy (8% of gross rent) Assumption
- —
- equals Rent collected
- —
- minus Property tax Estimate
- $8,647
- minus Insurance Estimate
- $3,931
- minus HOA dues, 12 months Not provided
- $0
- minus Maintenance (5% of rent collected) Assumption
- —
- minus Management (8% of rent collected) Assumption
- —
- equals Net operating income (NOI)
- —
- divided by Price MLS listing
- $393,050
- equals Cap rate
- —
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:
- From a rent comparable:
- Your figures:
- Our estimates and assumptions:
- Not provided, counted as $0:
- Missing: the monthly rent. Enter it to get a cap rate.
- MLS figures are what the listing reports. We have not verified them.
- The tax on a listing is the seller’s last bill, and it can be lower than what you will pay: a homestead exemption, the 10% cap on homestead appraisals and an over-65 or disability tax ceiling do not carry over to an investor.
- 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
1016 Oro Blanco Ave #4, Brownsville, TX 78521 Open in Google Maps (opens in a new tab)
- Port of Brownsville≈ 5 min approx.
- Veterans International Bridge at Los Tomates≈ 10 min approx.
- UTRGV Brownsville campus≈ 10 min approx.
- Gateway International Bridge≈ 10 min approx.
- B&M International Bridge≈ 15 min approx.
- SpaceX Starbase launch site, Boca Chica≈ 25 min approx.
- South Padre Island (Queen Isabella Causeway)≈ 30 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.
- Port of Brownsville
- SpaceX Starbase
- South Padre Island
- Brownsville
- Los Fresnos
- Rancho Viejo · Olmito
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.
Ask about this property
- Phone / WhatsApp
- +1 (956) 592-5052
- [email protected]
- Website
- https://ricosalazar.com/
Income property · Brownsville
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Listing office: Coldwell Banker La Mansion Real Estate Brownsville
Listing agent: Hortencia Villarreal
Office contact: 956-504-2727
MLS# 29779581 · Last updated
Want a second opinion on this one?
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.