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# 29766893 · https://ricosalazar.com/properties/113-wild-olive-harlingen-tx-78552-29766893

For sale

$389,900

Price cut $45.1K

113 Wild Olive, Harlingen, TX 78552

bd
3
ba
3
ft²
2,577
Est. cap rate 0.8% See the numbers →

MLS# 29766893 · Listed by Melissa Tice, Palm Breeze Real Estate LLC · Tel. 956-433-5333

  • TypeSingle-family home
  • Year built2007
  • Price / ft²$151
  • HOA / month$52
  • Est. rent$1,700/mo Est.
  • Gateway International Bridge≈ 40 min approx.
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Description

DID NOT FLOOD!!! MOTIVATED SELLER!!! Gorgeous home in Wildwood Subdivision. This is one of Harlingen's most sought after neighborhoods and does not flood. 3 bedroom 2.5 bath split floor plan with soaring ceilings. A versatile bonus room offers endless possibilities?ideal for a home office, game room, or personal retreat. The home's AC/Heater system is monitored by Google Nest Thermostat system which can be controlled via app. Sprinkler system for entire yard. Conveniently located with easy access to Expressway 83, this home blends style, functionality, and prime location. Don't let this one get away! All offers considered!

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29766893
Price
$389,900
Price per ft²
$151
Bedrooms
3
Bathrooms
3
Living area
2,577 ft²
Year built
2007
Subdivision
Wildwood
City
Harlingen
County
Cameron
HOA
$52/mo
Days on market
468
Listed
Jul 17, 2025
Last updated
Oct 27, 2026, 1:15 PM CT

Numbers for investors

Price per ft²

$151

Source: MLS listing

Estimated rent

$1,700/mo

Gross yield 5.2%

Asking rent: median of 9 active rentals, ZIP 78552, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

468

Source: MLS listing

Est. fixed costs per month
$1,092/mo Est.
Cash to close with 25% down
$109,172 Est.
Est. cap rate
0.8% 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 9 active rentals, ZIP 78552, 3 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
$20,400
Gross yield: rent ÷ price, before costs
5.2%
minus Vacancy (8% of gross rent) Assumption
$1,632
equals Rent collected
$18,768
minus Property tax Estimate
$8,578
minus Insurance Estimate
$3,899
minus HOA dues, 12 months MLS listing
$624
minus Maintenance (5% of rent collected) Assumption
$938
minus Management (8% of rent collected) Assumption
$1,501
equals Net operating income (NOI)
$3,227
divided by Price MLS listing
$389,900
equals Cap rate
0.8%

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

113 Wild Olive, Harlingen, TX 78552 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 40 min approx.
  • B&M International Bridge≈ 40 min approx.
  • UTRGV Brownsville campus≈ 40 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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About: 113 Wild Olive · MLS# 29766893

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Single-family home · Harlingen

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Listing office: Palm Breeze Real Estate LLC

Listing agent: Melissa Tice

Office contact: 956-433-5333

MLS# 29766893 · Last updated

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$389,900Est. cap rate 0.8%

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113 Wild Olive, Harlingen, TX 78552 · MLS# 29766893