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# 29778549 · https://ricosalazar.com/properties/1245-e-san-marcelo-blvd-brownsville-tx-78526-29778549

For sale

$324,995

Price cut $5K

1245 E San Marcelo Blvd., Brownsville, TX 78526

bd
3
ba
2
ft²
2,346
Est. cap rate 2.7% See the numbers →

MLS# 29778549 · Listed by Craig Grove, GRT Realty · Tel. 956-254-0869

  • TypeSingle-family home
  • Year built1992
  • Lot0.23 acres
  • Price / ft²$139
  • Est. rent$2,000/mo Est.
  • UTRGV Brownsville campus≈ 10 min approx.
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Description

Located in the desirable Brownsville Country Club community surrounding the municipal golf course, this beautifully renovated open-concept home blends style, comfort, and functionality. Extensively updated around 2022, it features matching tile flooring throughout, fresh neutral paint, a recently updated roof, recent HVAC, and a separate mini-split to keep the spacious primary suite extra comfortable. The split-bedroom floor plan offers privacy, while soaring ceilings, ceiling fans, and walls of rear windows fill the home with abundant natural light. The kitchen showcases stainless steel appliances, granite countertops, and an undermount sink, with all kitchen appliances plus the washer and dryer conveying. The oversized primary suite offers a spa-like bath with a walk-in shower, soaking tub, and large walk-in closet. Enjoy outdoor living on the expansive covered patio spanning the entire back of the home. Some photos have been virtually staged to illustrate the home's potential.

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29778549
Price
$324,995
Price per ft²
$139
Bedrooms
3
Bathrooms
2
Living area
2,346 ft²
Lot size
0.23 acres
Year built
1992
Subdivision
Bcc
City
Brownsville
County
Cameron
Days on market
84
Listed
Aug 6, 2026
Last updated
Oct 6, 2026, 4:04 PM CT

Numbers for investors

Price per ft²

$139

Source: MLS listing

Estimated rent

$2,000/mo

Gross yield 7.4%

Asking rent: median of 27 active rentals, ZIP 78526, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

84

Source: MLS listing

Est. fixed costs per month
$867/mo Est.
Cash to close with 25% down
$90,999 Est.
Est. cap rate
2.7% 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 27 active rentals, ZIP 78526, 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
$24,000
Gross yield: rent ÷ price, before costs
7.4%
minus Vacancy (8% of gross rent) Assumption
$1,920
equals Rent collected
$22,080
minus Property tax Estimate
$7,150
minus Insurance Estimate
$3,250
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$1,104
minus Management (8% of rent collected) Assumption
$1,766
equals Net operating income (NOI)
$8,810
divided by Price MLS listing
$324,995
equals Cap rate
2.7%

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
  • 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

1245 E San Marcelo Blvd., Brownsville, TX 78526 Open in Google Maps (opens in a new tab)

  • UTRGV Brownsville campus≈ 10 min approx.
  • Gateway International Bridge≈ 10 min approx.
  • B&M International Bridge≈ 10 min approx.
  • Veterans International Bridge at Los Tomates≈ 10 min approx.
  • Port of Brownsville≈ 10 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 30 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 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.

  1. Port of Brownsville
  2. SpaceX Starbase
  3. South Padre Island
  4. Brownsville
  5. Los Fresnos
  6. Rancho Viejo · Olmito

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 · Brownsville

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Listing office: GRT Realty

Listing agent: Craig Grove

Office contact: 956-254-0869

MLS# 29778549 · Last updated

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$324,995Est. cap rate 2.7%

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1245 E San Marcelo Blvd., Brownsville, TX 78526 · MLS# 29778549