REALTOR® · TREC #643769
Ricardo Salazar
RCR Real Connect Realty
- Español
- English
Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)
Investor sheet · MLS# 29780770 · https://ricosalazar.com/properties/1620-clinton-st-harlingen-tx-78550-29780770
Income property
1620 Clinton St, Harlingen, TX 78550
$334,900
- units
- 2
- ft²
- 2,016
MLS# 29780770 · Listed by Adam Cantwell, CANTWELL & COMPANY REAL ESTATE · Tel. 956-423-2834
- TypeIncome property
- Year built2025
- Lot0.14 acres
- Price / ft²$166
- Rent (MLS)$2,930/mo
- Gateway International Bridge≈ 35 min approx.
Description
Brand-New Construction Duplex at 1620 Clinton St! Outstanding opportunity for investors or owner-occupants. This newly built duplex offers approximately 2,016 SF total, featuring a 3BD/2BTH unit (approx. 1,036 SF) and a 2BD/2BTH unit (approx. 980 SF). Both units showcase modern finishes including quartz countertops, wood-look ceramic tile flooring, stainless steel kitchen appliances, and open-concept living spaces. Each residence enjoys its own private fenced backyard, providing added privacy and outdoor enjoyment. Property is currently vacant, allowing the flexibility to occupy either unit and rent the other, or lease both units for immediate income potential. Low-maintenance new construction with attractive finishes and strong rental appeal make this a rare turnkey opportunity.
Property Details
- Type
- Income property · Multi Family
- Status
- For sale
- MLS#
- 29780770
- Price
- $334,900
- Price per ft²
- $166
- Units
- 2
- Living area
- 2,016 ft²
- Lot size
- 0.14 acres
- Year built
- 2025
- Subdivision
- Coakley Estates
- City
- Harlingen
- County
- Cameron
- Days on market
- 0
- Listed
- Nov 4, 2026
- Last updated
- Nov 4, 2026, 3:13 PM CT
Key Figures
Price per ft²
$166
Source: MLS listing
Current rent
$2,930
Gross yield 10.5%
Source: MLS listing
Days on market
0
Source: MLS listing
- Est. fixed costs per month
- $893/mo Est.
- Cash to close with 25% down
- $93,772 Est.
- Est. cap rate
- 5.2% 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
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 MLS listing
- $35,160
- Rent per unit (2 units), per month
- $1,465/mo
- Gross yield: rent ÷ price, before costs
- 10.5%
- minus Vacancy (8% of gross rent) Assumption
- $2,813
- equals Rent collected
- $32,347
- minus Property tax Estimate
- $7,368
- minus Insurance Estimate
- $3,349
- minus HOA dues, 12 months Not provided
- $0
- minus Maintenance (5% of rent collected) Assumption
- $1,617
- minus Management (8% of rent collected) Assumption
- $2,588
- equals Net operating income (NOI)
- $17,425
- divided by Price MLS listing
- $334,900
- equals Cap rate
- 5.2%
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, rent
- From a rent comparable:
- Your figures:
- Our estimates and assumptions: 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
1620 Clinton St, Harlingen, TX 78550 Open in Google Maps (opens in a new tab)
- Gateway International Bridge≈ 35 min approx.
- UTRGV Brownsville campus≈ 35 min approx.
- B&M International Bridge≈ 35 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
Financing for Foreign Buyers
Ricardo is not a lender. Ask him which loan types exist for foreign buyers and which documents lenders usually request.
Ask About This Property
- Phone / WhatsApp
- +1 (956) 592-5052
- rico.salazar20@gmail.com
- Website
- https://ricosalazar.com/
Message Received
Ricardo has your message and will reply through the channel you chose.
Open WhatsApp nowIncome property
Similar Properties
-
NewIncome property
6079 NW King Arthur Dr
Harlingen, TX 78550
- 1 units
- 863 ft²
- Built 1982
≈ 30 min · Gateway International Bridge
$99,500
$115/ft²
MLS# 29780707 · Listed by Jeff Walker, WALKER REALTY · Tel. 956-968-8317
IncomeIncome property
1717 Clinton St ##18
Harlingen, TX 78550
- 2 units
- 1,615 ft²
- Built 2025
Gross income $2,590/mo
$330,000
$204/ft²
MLS# 29780164 · Listed by Zintiha Loya, KELLER WILLIAMS LRGV · Tel. 956-423-8877
Income property
1110 E Madison Ave
Harlingen, TX 78550
- 7 units
- 2,408 ft²
- Built 1993
MLS rent $1,300/mo · may be incomplete
$189,900
$79/ft²
MLS# 29780080 · Listed by Dalia Hernandez, Rio Realty · Tel. 956-312-8562
Income property
1722 Stone Dr.
Harlingen, TX 78550
- 4 units
- 4,006 ft²
- Built 2007
MLS rent $1,000/mo · may be incomplete
$380,000
$95/ft²
MLS# 29779946 · Listed by Mario Salinas, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
Income property
2005 New Combes Rd
Harlingen, TX 78550
- 2 units
- 3,186 ft²
- Built 2023
≈ 35 min · Gateway International Bridge
$449,900
$141/ft²
MLS# 29779816 · Listed by Esther Ortega, KELLER WILLIAMS LRGV · Tel. 956-423-8877
Income property
806 Saint St
Harlingen, TX 78552
- 2 units
- 2,474 ft²
- Built 2026
≈ 40 min · Gateway International Bridge
$339,500
$137/ft²
MLS# 29779787 · Listed by Jeffrey Razo, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
Listing office: CANTWELL & COMPANY REAL ESTATE
Listing agent: Adam Cantwell
Office contact: 956-423-2834
MLS# 29780770 · Last updated
Contact
Get a Second Opinion
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.