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

Investor sheet · MLS# 29780627 · https://ricosalazar.com/properties/1153-miami-brownsville-tx-78521-29780627

For sale

Single-family home

1153 Miami, Brownsville, TX 78521

$262,900

bd: 3
ba: 2
ft²: 1,412

Est. cap rate 3.7% See the numbers →

MLS# 29780627 · Listed by Miguel Cardenas, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727

TypeSingle-family home
Year built2026
Lot0.12 acres
Price / ft²$186
Est. rent$1,900/mo Est.
Port of Brownsville≈ 10 min approx.

Ask for a video walkthrough

Description

Brand new 3-bedroom, 2-bath home featuring an open-concept floor plan, modern finishes, and a spacious living area perfect for everyday living and entertaining. Enjoy a beautifully designed kitchen, contemporary fixtures, and quality craftsmanship throughout. Conveniently located near SpaceX and LNG, this home offers easy access to major employment hubs while providing the comfort, style, and efficiency of modern construction.

Property Details

Type: Single-family home · Single Family Residence
Status: For sale
MLS#: 29780627
Price: $262,900
Price per ft²: $186
Bedrooms: 3
Bathrooms: 2
Living area: 1,412 ft²
Lot size: 0.12 acres
Year built: 2026
Subdivision: Florida Estates
City: Brownsville
County: Cameron
Days on market: 0
Listed: Oct 29, 2026
Last updated: Oct 29, 2026, 5:17 PM CT

Key Figures

Price per ft²

$186

Source: MLS listing

Estimated rent

$1,900/mo

Gross yield 8.7%

Asking rent: median of 23 active rentals, ZIP 78521, 3 bedrooms (not signed leases) · RGV MLS, Oct 29, 2026

Days on market

Source: MLS listing

Est. fixed costs per month: $701/mo Est.
Cash to close with 25% down: $73,612 Est.
Est. cap rate: 3.7% 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.

Estimates Only

Investment Calculator

Purchase

Price

List price per the MLS. Try your own offer.

Down payment25%

100% = cash purchase, no loan.

Interest rate7%

Planning assumption, not a lender quote.

Loan term

15 yrs 20 yrs 30 yrs

Income

Monthly rent

/mo

Asking rent: median of 23 active rentals, ZIP 78521, 3 bedrooms (not signed leases) · RGV MLS, Oct 29, 2026

Vacancy8%

Share of the year the property sits empty.

Expenses

Property tax

/yr

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

Insurance

/yr

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

HOA

/mo

If the property has an HOA, enter the monthly dues.

Maintenance5%

% of collected rent.

Property management8%

% of collected rent, if you hire a manager.

Closing costs3%

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

I am a foreign buyer (no SSN)

Monthly cash flow Est.

−$492

With these assumptions the cash flow is negative; try a different down payment or rent.

3.7% How it’s calculated

−8.0%

Estimated monthly cost

Mortgage $1,312
Tax $482
Insurance $219
HOA $0
Operations $227

Mortgage payment (P&I): $1,312/mo
Rent after vacancy: $1,748/mo
Total monthly cost: $2,240/mo
Net operating income (NOI): $9,836/yr
Down payment: $65,725
Closing costs (est.): $7,887
Cash needed at closing: $73,612

Review these numbers with Ricardo

Illustrative estimates only, not financial advice or a guarantee of results. Assumptions are editable; taxes, insurance, rent and rates vary. Verify with a lender, insurer and CPA.

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: $22,800
Gross yield: rent ÷ price, before costs: 8.7%
minus Vacancy (8% of gross rent) Assumption: $1,824
equals Rent collected: $20,976
minus Property tax Estimate: $5,784
minus Insurance Estimate: $2,629
minus HOA dues, 12 months Not provided: $0
minus Maintenance (5% of rent collected) Assumption: $1,049
minus Management (8% of rent collected) Assumption: $1,678
equals Net operating income (NOI): $9,836
divided by Price MLS listing: $262,900
equals Cap rate: 3.7%

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

Accuracy

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

From the MLS listing: price
From a rent comparable:
Your figures:
Our estimates and assumptions: rent, property tax, insurance, vacancy, maintenance, management
Not provided, counted as $0: HOA
Missing:

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

1153 Miami, Brownsville, TX 78521 Open in Google Maps (opens in a new tab)

Port of Brownsville≈ 10 min approx.
SpaceX Starbase launch site, Boca Chica≈ 20 min approx.
Veterans International Bridge at Los Tomates≈ 20 min approx.
UTRGV Brownsville campus≈ 20 min approx.
Gateway International Bridge≈ 20 min approx.
B&M International Bridge≈ 20 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.

Financing for Foreign Buyers

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

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

Español
English

Phone / WhatsApp: +1 (956) 592-5052
Email: rico.salazar20@gmail.com
Website: https://ricosalazar.com/

Schedule a Showing

About: 1153 Miami · MLS# 29780627

Full name

Optional if you leave a WhatsApp or phone number.

WhatsApp or phone

This number has WhatsApp

Message (optional)

I agree that Ricardo Salazar may contact me by WhatsApp, phone or email about my inquiry. Privacy notice

No obligation

Single-family home

See all in Brownsville

New
Single-family home

3724 Paseo Cafetos St

Brownsville, TX 78526
- 4 bd
- 2 ba
- 1,726 ft²
- 0.24 acres
≈ 5 min · Port of Brownsville

$335,000

$194/ft²
MLS# 29780618 · Listed by Jessika Juraidini, NextHome RGV Realty · Tel. 956-283-6338
New
Single-family home

1001 Vamonos Dr.

Brownsville, TX 78521
- 5 bd
- 3 ba
- 3,165 ft²
- 0.16 acres
≈ 10 min · UTRGV Brownsville campus

$343,000

$108/ft²
MLS# 29780614 · Listed by Zaida Trevino, Realty Solutions · Tel. 956-455-5956
New
Single-family home

144 Glenn Ct

Brownsville, TX 78521
- 4 bd
- 2 ba
- 1,484 ft²
- 0.14 acres
Median asking rent $2,500/mo · Gross yield 17.9%

$168,000

$113/ft²
MLS# 29780607 · Listed by Jessica Puente Bradshaw, LPT Realty LLC · Tel. 877-366-2213
New
Single-family home

2121 Ocelot Trail Rd.

Brownsville, TX 78526
- 3 bd
- 3 ba
- 1,668 ft²
- 0.18 acres
Median asking rent $2,000/mo · Gross yield 8.4%

$285,000

$171/ft²
MLS# 29780605 · Listed by Raul Aguilar, RE/MAX Elite Brownsville · 956-496-2012, [email protected]
New
Single-family home

5122 Amatista Dr.

Brownsville, TX 78521
- 5 bd
- 1 ba
- 2,010 ft²
- 0.12 acres
≈ 5 min · Veterans International Bridge at Los Tomates

$145,000

$72/ft²
MLS# 29780598 · Listed by Ernesto Lozoya, Stellar Equity Real Estate LLC · Tel. 956-524-5775
New
Single-family home

5301 Oakley St

Brownsville, TX 78526
- 3 bd
- 3 ba
- 2,167 ft²
- 0.18 acres
Median asking rent $2,000/mo · Gross yield 6.2%

$389,900

$180/ft²
MLS# 29780583 · Listed by Octavio Javier Singlaterry, RE/MAX Sun Valley Realtors · Tel. 956-546-5053