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# 29778508 · https://ricosalazar.com/properties/1904-w-indiana-cir-harlingen-tx-78550-29778508

For sale

$250,000

1904 W Indiana Cir., Harlingen, TX 78550

bd
2
ba
2
ft²
1,556
Est. cap rate −0.3% See the numbers →

MLS# 29778508 · Listed by Anthony Silvestro, CORNERSTONE TX REALTY · Tel. 956-203-8552

  • TypeSingle-family home
  • Year built1987
  • Lot0.07 acres
  • Price / ft²$161
  • HOA / month$120
  • Est. rent$900/mo Est.
  • Gateway International Bridge≈ 40 min approx.
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Description

If you are looking for a little paradise within a 55+ community...you need to look no further. This beautiful home which sits on a corner lot has everything... New Windows (with transferable warranty), newer carpeting (installed in 2022), New concrete for extra parking, full two car garage that will fit a full sized truck, expansive back patio looking onto the golf course, beautiful landscaping and even your own butterfly garden to enjoy. When your inside you'll enjoy an open concept with your spacious kitchen which has ample counter space, a large eating area great for entertaining and a expansive living room ready for movie nights. With the two bedroom and two bath layout, there is always room for guests or the perfect office. The community offers Golf, pool, hot tub, pickle ball, pool room, gym and so much more. Home will convey partially furnished... see attached list for details. You'll even have your own golf cart. Enjoy carefree living, affordable HOA, and great neighbors too!

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29778508
Price
$250,000
Price per ft²
$161
Bedrooms
2
Bathrooms
2
Living area
1,556 ft²
Lot size
0.07 acres
Year built
1987
Subdivision
Sunshine Country Club Estates
City
Harlingen
County
Cameron
HOA
$120/mo
Days on market
85
Listed
Aug 5, 2026
Last updated
Aug 13, 2026, 10:25 AM CT

Numbers for investors

Price per ft²

$161

Source: MLS listing

Estimated rent

$900/mo

Gross yield 4.3%

Asking rent: median of 19 active rentals, ZIP 78550, 2 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

85

Source: MLS listing

Est. fixed costs per month
$787/mo Est.
Cash to close with 25% down
$70,000 Est.
Est. cap rate
−0.3% 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 19 active rentals, ZIP 78550, 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
$10,800
Gross yield: rent ÷ price, before costs
4.3%
minus Vacancy (8% of gross rent) Assumption
$864
equals Rent collected
$9,936
minus Property tax Estimate
$5,500
minus Insurance Estimate
$2,500
minus HOA dues, 12 months MLS listing
$1,440
minus Maintenance (5% of rent collected) Assumption
$497
minus Management (8% of rent collected) Assumption
$795
equals Net operating income (NOI)
−$796
divided by Price MLS listing
$250,000
equals Cap rate
−0.3%

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

1904 W Indiana Cir., Harlingen, TX 78550 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 40 min approx.
  • UTRGV Brownsville campus≈ 40 min approx.
  • B&M International Bridge≈ 40 min approx.
  • Port of Brownsville≈ 40 min approx.
  • Veterans International Bridge at Los Tomates≈ 40 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 50 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 60 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 · Harlingen

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Listing office: CORNERSTONE TX REALTY

Listing agent: Anthony Silvestro

Office contact: 956-203-8552

MLS# 29778508 · Last updated

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$250,000Est. cap rate −0.3%

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1904 W Indiana Cir., Harlingen, TX 78550 · MLS# 29778508