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

Investor sheet · MLS# 29779041 · https://ricosalazar.com/properties/1928-montana-harlingen-tx-78550-29779041

1928 Montana #12, Block C, Harlingen: photo 1 of 5

1928 Montana #12, Block C, Harlingen: photo 2 of 5

1928 Montana #12, Block C, Harlingen: photo 3 of 5

1928 Montana #12, Block C, Harlingen: photo 4 of 5

1928 Montana #12, Block C, Harlingen: photo 5 of 5

For sale

Single-family home

1928 Montana #12, Block C, Harlingen, TX 78550

$189,000

Price cut $9K

bd: 2
ba: 2
ft²: 1,811

Est. cap rate 0.6% See the numbers →

MLS# 29779041 · Listed by Adela Capetillo, EXP Realty, LLC · Tel. 888-519-7431

TypeSingle-family home
Year built1988
Lot0.11 acres
Price / ft²$104
HOA / month$125
Est. rent$900/mo Est.
Gateway International Bridge≈ 40 min approx.

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Description

Wonderful 55+ community offering a relaxed lifestyle with plenty of amenities! Residents can enjoy a sparkling community pool, clubhouse, game area, workshop, and small golf course. There's also a convenient outdoor area for pets to enjoy. This well-established community offers a great combination of recreation, relaxation, and friendly neighborhood living, all in a desirable Harlingen location. This well maintained home also features a covered back porch area, A/C is serviced twice a year by a Certified AC Tech., home has a Nest thermostat, electric storm shutters. A MUST SEE!! 24 hr notice, home is occupied.

Property Details

Type: Single-family home · Single Family Residence
Status: For sale
MLS#: 29779041
Price: $189,000
Price per ft²: $104
Bedrooms: 2
Bathrooms: 2
Living area: 1,811 ft²
Lot size: 0.11 acres
Year built: 1988
Subdivision: Sunshine Country Club Estates
City: Harlingen
County: Cameron
HOA: $125/mo
Days on market: 65
Listed: Aug 25, 2026
Last updated: Oct 6, 2026, 10:50 AM CT

Key Figures

Price per ft²

$104

Source: MLS listing

Estimated rent

$900/mo

Gross yield 5.7%

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

Days on market

Source: MLS listing

Est. fixed costs per month: $629/mo Est.
Cash to close with 25% down: $52,920 Est.
Est. cap rate: 0.6% 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 19 active rentals, ZIP 78550, 2 bedrooms (not signed leases) · RGV MLS, Oct 28, 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

Monthly dues per the MLS listing.

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.

−$852

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

0.6% How it’s calculated

−19.3%

Estimated monthly cost

Mortgage $943
Tax $347
Insurance $158
HOA $125
Operations $108

Mortgage payment (P&I): $943/mo
Rent after vacancy: $828/mo
Total monthly cost: $1,680/mo
Net operating income (NOI): $1,096/yr
Down payment: $47,250
Closing costs (est.): $5,670
Cash needed at closing: $52,920

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: $10,800
Gross yield: rent ÷ price, before costs: 5.7%
minus Vacancy (8% of gross rent) Assumption: $864
equals Rent collected: $9,936
minus Property tax Estimate: $4,158
minus Insurance Estimate: $1,890
minus HOA dues, 12 months MLS listing: $1,500
minus Maintenance (5% of rent collected) Assumption: $497
minus Management (8% of rent collected) Assumption: $795
equals Net operating income (NOI): $1,096
divided by Price MLS listing: $189,000
equals Cap rate: 0.6%

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

1928 Montana #12, Block C, Harlingen, TX 78550 Open in Google Maps (opens in a new tab)

Gateway International Bridge≈ 40 min approx.
B&M International Bridge≈ 40 min approx.
UTRGV Brownsville campus≈ 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.

Texas · USA Tamaulipas · Mexico Matamoros Port Isabel Laguna Madre Gulf Rio Grande Ship channel I-69E SH 48 SH 4 SH 100 3 international bridges3 bridges UTRGV

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.

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

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Phone / WhatsApp: +1 (956) 592-5052
Email: [email protected]
Website: https://ricosalazar.com/

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