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# 29778117 · https://ricosalazar.com/properties/104-pocahontas-dr-harlingen-tx-78552-29778117

For sale

$85,000

Price cut $40K

104 Pocahontas Dr., Harlingen, TX 78552

bd
2
ba
2
ft²
1,056
Est. cash flow +$262/mo · Est. cap rate 9.7% See the numbers →

MLS# 29778117 · Listed by Tana Springer, EXP Realty, LLC · Tel. 888-519-7431

  • TypeSingle-family home
  • Year built1986
  • Lot0.12 acres
  • Price / ft²$80
  • HOA / month$68
  • Est. rent$1,225/mo Est.
  • Gateway International Bridge≈ 35 min approx.
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Description

Enjoy peaceful lakefront living in this beautifully maintained 2BR/2BA home situated on two lots in the gated 55+ community of Lakewood Village! Offered fully furnished, this move-in-ready home features tile and laminate flooring throughout, an inviting living area with an electric fireplace, and a spacious primary suite with two closets and a walk-in shower. Step outside to the covered patio overlooking the lake, providing a private setting to relax and enjoy nature. Additional features include a covered carport and a workshop for extra storage or hobbies. Residents enjoy outstanding amenities including a community pool, clubhouse with kitchen, library, pool tables, shuffleboard courts, and a full calendar of social activities. Experience the perfect blend of comfort, convenience, and active community living in one of Harlingen's most sought-after 55+ gated neighborhoods.

Property details

Type
Single-family home · Manufactured/Mobile
Status
For sale
MLS#
29778117
Price
$85,000
Price per ft²
$80
Bedrooms
2
Bathrooms
2
Living area
1,056 ft²
Lot size
0.12 acres
Year built
1986
Subdivision
Lakewood Village
City
Harlingen
County
Cameron
HOA
$68/mo
Days on market
99
Listed
Jul 21, 2026
Last updated
Oct 9, 2026, 3:02 PM CT

Numbers for investors

Price per ft²

$80

Source: MLS listing

Estimated rent

$1,225/mo

Gross yield 17.3%

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

Days on market

99

Source: MLS listing

Est. fixed costs per month
$295/mo Est.
Cash to close with 25% down
$23,800 Est.
Est. cap rate
9.7% 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
17.3%
minus Vacancy (8% of gross rent) Assumption
$1,176
equals Rent collected
$13,524
minus Property tax Estimate
$1,870
minus Insurance Estimate
$850
minus HOA dues, 12 months MLS listing
$816
minus Maintenance (5% of rent collected) Assumption
$676
minus Management (8% of rent collected) Assumption
$1,082
equals Net operating income (NOI)
$8,230
divided by Price MLS listing
$85,000
equals Cap rate
9.7%

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

104 Pocahontas Dr., 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.
  • Veterans International Bridge at Los Tomates≈ 40 min approx.
  • Port of Brownsville≈ 40 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 50 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 60 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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Single-family home · Harlingen

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Listing office: EXP Realty, LLC

Listing agent: Tana Springer

Office contact: 888-519-7431

MLS# 29778117 · Last updated

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$85,000Est. cash flow +$262/mo

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104 Pocahontas Dr., Harlingen, TX 78552 · MLS# 29778117