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# 29763402 · https://ricosalazar.com/properties/119-chachalaca-bayview-tx-78566-29763402

For sale

$415,000

Price cut $114K

119 Chachalaca, Bayview, TX 78566

bd
3
ba
3
ft²
2,419
Est. cap rate 0.5% See the numbers →

MLS# 29763402 · Listed by Sean Minahan, GRT Realty · Tel. 956-254-0869

  • TypeSingle-family home
  • Year built1950
  • Lot1.47 acres
  • Price / ft²$172
  • Est. rent$1,600/mo Est.
  • Port of Brownsville≈ 20 min approx.
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Description

This well-kept 3-bedroom, 3-bathroom home offers 2,419 sq ft of living space on 1.5 acres, featuring a citrus grove with grapefruit, oranges, lemons, and limes, along with established trees throughout the property. Enjoy resaca views and direct access to a private dock, perfect for fishing or relaxing by the water. Inside, the spacious open-concept living area leads to a well-equipped kitchen, The home also features an enclosed porch, ideal for enjoying the serene surroundings year-round. The property is being sold fully furnished, with all furniture conveying with the sale. Additional features include a 1-car attached garage, a huge detached workshop for hobbies or storage, central heating and cooling, and a new asphalt and concrete front driveway. Located just minutes from shopping, dining, top-rated schools, and only a short drive to South Padre Island, this home offers the perfect balance of privacy, convenience, and outdoor living.

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29763402
Price
$415,000
Price per ft²
$172
Bedrooms
3
Bathrooms
3
Living area
2,419 ft²
Lot size
1.47 acres
Year built
1950
Subdivision
Bayview Citrus Groves
City
Bayview
County
Cameron
Days on market
607
Listed
Feb 28, 2025
Last updated
Sep 15, 2026, 3:12 PM CT

Numbers for investors

Price per ft²

$172

Source: MLS listing

Estimated rent

$1,600/mo

Gross yield 4.6%

Asking rent: median of 5 active rentals, ZIP 78566, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

607

Source: MLS listing

Est. fixed costs per month
$1,107/mo Est.
Cash to close with 25% down
$116,200 Est.
Est. cap rate
0.5% 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 78566, 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

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

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
$19,200
Gross yield: rent ÷ price, before costs
4.6%
minus Vacancy (8% of gross rent) Assumption
$1,536
equals Rent collected
$17,664
minus Property tax Estimate
$9,130
minus Insurance Estimate
$4,150
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$883
minus Management (8% of rent collected) Assumption
$1,413
equals Net operating income (NOI)
$2,088
divided by Price MLS listing
$415,000
equals Cap rate
0.5%

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
  • Our estimates and assumptions: rent, property tax, insurance, vacancy, maintenance, management
  • Not provided, counted as $0: HOA
  • 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

119 Chachalaca, Bayview, TX 78566 Open in Google Maps (opens in a new tab)

  • Port of Brownsville≈ 20 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 20 min approx.
  • UTRGV Brownsville campus≈ 25 min approx.
  • Gateway International Bridge≈ 25 min approx.
  • B&M International Bridge≈ 30 min approx.
  • Veterans International Bridge at Los Tomates≈ 30 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 40 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 · Bayview

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Listing office: GRT Realty

Listing agent: Sean Minahan

Office contact: 956-254-0869

MLS# 29763402 · Last updated

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$415,000Est. cap rate 0.5%

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119 Chachalaca, Bayview, TX 78566 · MLS# 29763402