Ricardo Salazar REALTOR® · RCR Real Connect Realty
WhatsApp

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

Investor sheet · MLS# 29779821 · https://ricosalazar.com/properties/114-willow-cir-harlingen-tx-78552-29779821

For sale

$215,000

114 Willow Cir, Harlingen, TX 78552

bd
2
ba
2
ft²
1,363
Est. cap rate 1.4% See the numbers →

MLS# 29779821 · Listed by Ryan De La Rosa, LEGACY REALTY GROUP RGV · Tel. 956-496-2034

  • TypeSingle-family home
  • Year built1993
  • Lot0.1 acres
  • Price / ft²$158
  • HOA / month$149
  • Est. rent$1,225/mo Est.
  • Gateway International Bridge≈ 30 min approx.
Virtual tour (opens another website in a new tab) Ask for a video walkthrough

Description

Welcome to this beautifully maintained 2-bedroom, 2-bath garden home located in the desirable Cottonwood Creek 55+ community! Conveniently situated near the expressway, restaurants, shopping, and everyday essentials, this home offers both comfort and convenience. The kitchen comes equipped with a built-in refrigerator, stove/range, dishwasher, and microwave, all of which convey with the property. Need a little extra space? The Texas room is a great bonus and can easily be used as a second living area, home office, or relaxing retreat, with both interior and exterior access. Enjoy everything this community has to offer, including a swimming pool and hot tub, clubhouse, tennis courts, fitness center, and 9-hole golf course. If you're looking for a comfortable home in an active 55+ community with great amenities and a convenient location, this could be the one! Schedule your private showing today!

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29779821
Price
$215,000
Price per ft²
$158
Bedrooms
2
Bathrooms
2
Living area
1,363 ft²
Lot size
0.1 acres
Year built
1993
Subdivision
Cottonwood Creek
City
Harlingen
County
Cameron
HOA
$149/mo
Days on market
34
Listed
Sep 25, 2026
Last updated
Sep 25, 2026, 1:01 PM CT

Numbers for investors

Price per ft²

$158

Source: MLS listing

Estimated rent

$1,225/mo

Gross yield 6.8%

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

Days on market

34

Source: MLS listing

Est. fixed costs per month
$722/mo Est.
Cash to close with 25% down
$60,200 Est.
Est. cap rate
1.4% 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
6.8%
minus Vacancy (8% of gross rent) Assumption
$1,176
equals Rent collected
$13,524
minus Property tax Estimate
$4,730
minus Insurance Estimate
$2,150
minus HOA dues, 12 months MLS listing
$1,788
minus Maintenance (5% of rent collected) Assumption
$676
minus Management (8% of rent collected) Assumption
$1,082
equals Net operating income (NOI)
$3,098
divided by Price MLS listing
$215,000
equals Cap rate
1.4%

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

114 Willow Cir, Harlingen, TX 78552 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 30 min approx.
  • B&M International Bridge≈ 30 min approx.
  • UTRGV Brownsville campus≈ 30 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.

Message on WhatsApp Read the buying guide

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/

Schedule a showing (in person or by video)

About: 114 Willow Cir · MLS# 29779821

Optional if you leave a WhatsApp or phone number.

No obligation

Single-family home · Harlingen

Similar properties

See all in Harlingen

Listing office: LEGACY REALTY GROUP RGV

Listing agent: Ryan De La Rosa

Office contact: 956-496-2034

MLS# 29779821 · 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.

Message on WhatsApp Write to Ricardo
$215,000Est. cap rate 1.4%

1 / 24

114 Willow Cir, Harlingen, TX 78552 · MLS# 29779821