Ricardo Salazar REALTOR® · RCR Real Connect Realty
Call +1 (956) 592-5052 WhatsApp

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

Investor sheet · MLS# 29779082 · https://ricosalazar.com/properties/1933-apollo-ave-brownsville-tx-78521-29779082

For sale

Single-family home

1933 Apollo Ave., Brownsville, TX 78521

$124,900

Price cut $4.1K
bd
3
ba
1
ft²
768
Est. cash flow +$564/mo · Est. cap rate 11.4% See the numbers →

MLS# 29779082 · Listed by Jesus Garcia, Balboa Realty · Tel. 956-459-6337

  • TypeSingle-family home
  • Year built1986
  • Lot0.12 acres
  • Price / ft²$163
  • Est. rent$1,900/mo Est.
  • Veterans International Bridge at Los Tomates≈ 5 min approx.
Virtual tour (opens another website in a new tab) Ask for a video walkthrough

Description

Excellent investment opportunity in Brownsville! This 3-bedroom, 1-bathroom home spans nearly 800 sq ft and is primed for your custom renovation. Perfectly positioned for maximum rental demand, this property is located just minutes from the Brownsville South Padre Island International Airport and sits on the prime corridor heading out to SpaceX Starbase .The most expensive capital expenditures are already done for you. The property features a brand-new roof and upgraded electrical work, significantly reducing your upfront renovation costs. A modern mini-split AC system is also ready to go for efficient climate control. While remodeling is necessary to finish out the interior, its high-demand location and critical structural upgrades make it a great addition to any real estate portfolio. Bring your contractor and capitalize on this booming tech and aerospace hub location today!

Property Details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29779082
Price
$124,900
Price per ft²
$163
Bedrooms
3
Bathrooms
1
Living area
768 ft²
Lot size
0.12 acres
Year built
1986
Subdivision
Valle De Oro
City
Brownsville
County
Cameron
Days on market
63
Listed
Aug 27, 2026
Last updated
Sep 28, 2026, 9:39 AM CT

Key Figures

Price per ft²

$163

Source: MLS listing

Estimated rent

$1,900/mo

Gross yield 18.3%

Asking rent: median of 23 active rentals, ZIP 78521, 3 bedrooms (not signed leases) · RGV MLS, Oct 29, 2026

Days on market

63

Source: MLS listing

Est. fixed costs per month
$333/mo Est.
Cash to close with 25% down
$34,972 Est.
Est. cap rate
11.4% 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

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 23 active rentals, ZIP 78521, 3 bedrooms (not signed leases) · RGV MLS, Oct 29, 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
$22,800
Gross yield: rent ÷ price, before costs
18.3%
minus Vacancy (8% of gross rent) Assumption
$1,824
equals Rent collected
$20,976
minus Property tax Estimate
$2,748
minus Insurance Estimate
$1,249
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$1,049
minus Management (8% of rent collected) Assumption
$1,678
equals Net operating income (NOI)
$14,252
divided by Price MLS listing
$124,900
equals Cap rate
11.4%

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
  • 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

1933 Apollo Ave., Brownsville, TX 78521 Open in Google Maps (opens in a new tab)

  • Veterans International Bridge at Los Tomates≈ 5 min approx.
  • UTRGV Brownsville campus≈ 5 min approx.
  • Gateway International Bridge≈ 5 min approx.
  • B&M International Bridge≈ 10 min approx.
  • Port of Brownsville≈ 10 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 30 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 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

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

Ricardo Salazar

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

  • Español
  • English
Phone / WhatsApp
+1 (956) 592-5052
Website
https://ricosalazar.com/

Schedule a Showing

About: 1933 Apollo Ave. · MLS# 29779082

Optional if you leave a WhatsApp or phone number.

No obligation

Single-family home

Similar Properties

See all in Brownsville
  • 5301 Oakley St, Brownsville: main photo
    New

    Single-family home

    5301 Oakley St

    Brownsville, TX 78526

    • 3 bd
    • 3 ba
    • 2,167 ft²
    • 0.18 acres

    Median asking rent $2,000/mo · Gross yield 6.2%

    $389,900

    $180/ft²

    MLS# 29780583 · Listed by Octavio Javier Singlaterry, RE/MAX Sun Valley Realtors · Tel. 956-546-5053

  • 6205 Tepepan Dr., Brownsville: main photo
    New

    Single-family home

    6205 Tepepan Dr.

    Brownsville, TX 78520

    • 4 bd
    • 1 ba
    • 1,280 ft²
    • 0.11 acres

    ≈ 5 min · Port of Brownsville

    $129,000

    $101/ft²

    MLS# 29780579 · Listed by Erica Casas, RCR Real Connect Realty · Tel. 956-443-0115

  • 5874 Hitching Post Dr., Brownsville: main photo
    New

    Single-family home

    5874 Hitching Post Dr.

    Brownsville, TX 78526

    • 3 bd
    • 2 ba
    • 2,161 ft²
    • 0.2 acres

    Median asking rent $2,000/mo · Gross yield 7.7%

    $312,000

    $144/ft²

    MLS# 29780568 · Listed by Markell Wallace, KELLER WILLIAMS LRGV · Tel. 956-423-8877

  • 7533 Waverly Dr, Brownsville: main photo
    New

    Single-family home

    7533 Waverly Dr

    Brownsville, TX 78520

    • 3 bd
    • 3 ba
    • 1,887 ft²
    • 0.16 acres

    Median asking rent $1,800/mo · Gross yield 6.4%

    $335,000

    $178/ft²

    MLS# 29780566 · Listed by Brandon Krupala, KELLER WILLIAMS LRGV · Tel. 956-423-8877

  • 712-2 Continental Dr., Brownsville: main photo
    New

    Condo / townhome

    712-2 Continental Dr.

    Brownsville, TX 78520

    • 3 bd
    • 3 ba
    • 1,493 ft²

    Median asking rent $1,800/mo · Gross yield 11.7%

    $185,000

    $124/ft²

    MLS# 29780564 · Listed by Patricia Montemayor, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727

  • 2304 Dorcas Circle, Brownsville: main photo
    New

    Single-family home

    2304 Dorcas Circle

    Brownsville, TX 78521

    • 3 bd
    • 3 ba
    • 1,393 ft²
    • 0.16 acres

    Median asking rent $1,900/mo · Gross yield 9.1%

    $250,000

    $179/ft²

    MLS# 29780560 · Listed by Octavio Javier Singlaterry, RE/MAX Sun Valley Realtors · Tel. 956-546-5053

Listing office: Balboa Realty

Listing agent: Jesus Garcia

Office contact: 956-459-6337

MLS# 29779082 · Last updated

Contact

Get a Second Opinion

Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.

Message on WhatsApp Write to Ricardo
$124,900Est. cash flow +$564/mo

1 / 18

1933 Apollo Ave., Brownsville, TX 78521 · MLS# 29779082

RICARDO SALAZAR

Find an investment

Choose how you’d like to get started.

AI investment assistant

Screen MLS properties by strategy, area and budget. Rents, expenses, permits and returns require verification.

Messages are processed with AI. Please keep financial details, documents and sensitive information out of chat. It does not send email or book appointments. Privacy