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

Investor sheet · MLS# 29779610 · https://ricosalazar.com/properties/1937-indiana-cir-harlingen-tx-78550-29779610

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For sale

$285,000

1937 Indiana Cir., Harlingen, TX 78550

bd: 3
ba: 2
ft²: 1,608

Est. cap rate 1.8% See the numbers →

MLS# 29779610 · Listed by Anthony Silvestro, CORNERSTONE TX REALTY · Tel. 956-203-8552

TypeSingle-family home
Year built1986
Price / ft²$177
HOA / month$117
Est. rent$1,625/mo Est.
Gateway International Bridge≈ 40 min approx.

Virtual tour Ask for a video walkthrough

Description

STOP YOUR SEARCH...Welcome home to your semi furnished 55+ retreat on the golf course. This Sunshine Country Club Estates beauty offers open concept with an inviting living room with fireplace that looks out onto the golf course, a spacious dining area for all of your quiet dinners or holiday parties. The kitchen will make the cook in your family very happy with a large island, expansive counter and plenty of storage for all of their kitchen necessities. The master bedroom is spacious and opens up onto an enclosed patio area, the perfect place to end your day. the master bath offers a large walk-in shower. There are two guest rooms and a shared bathroom on the opposite side of the home. Need to relax after your golf game...enjoy the private hot-tub. This home also boasts a 5yr old roof. newer concrete, electric hurricane shutters, new insulation

Property details

Type: Single-family home · Single Family Residence
Status: For sale
MLS#: 29779610
Price: $285,000
Price per ft²: $177
Bedrooms: 3
Bathrooms: 2
Living area: 1,608 ft²
Year built: 1986
Subdivision: Sunshine Country Club Estates
City: Harlingen
County: Cameron
HOA: $117/mo
Days on market: 43
Listed: Sep 16, 2026
Last updated: Sep 21, 2026, 11:12 AM CT

Numbers for investors

Price per ft²

$177

Source: MLS listing

Estimated rent

$1,625/mo

Gross yield 6.8%

Asking rent: median of 14 active rentals, ZIP 78550, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

Source: MLS listing

Est. fixed costs per month: $877/mo Est.
Cash to close with 25% down: $79,800 Est.
Est. cap rate: 1.8% 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

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 14 active rentals, ZIP 78550, 3 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.

−$998

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

1.8% How it’s calculated

−15.0%

Estimated monthly cost

Mortgage $1,422
Tax $523
Insurance $238
HOA $117
Operations $194

Mortgage payment (P&I): $1,422/mo
Rent after vacancy: $1,495/mo
Total monthly cost: $2,493/mo
Net operating income (NOI): $5,084/yr
Down payment: $71,250
Closing costs (est.): $8,550
Cash needed at closing: $79,800

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: $19,500
Gross yield: rent ÷ price, before costs: 6.8%
minus Vacancy (8% of gross rent) Assumption: $1,560
equals Rent collected: $17,940
minus Property tax Estimate: $6,270
minus Insurance Estimate: $2,850
minus HOA dues, 12 months MLS listing: $1,404
minus Maintenance (5% of rent collected) Assumption: $897
minus Management (8% of rent collected) Assumption: $1,435
equals Net operating income (NOI): $5,084
divided by Price MLS listing: $285,000
equals Cap rate: 1.8%

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
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

1937 Indiana Cir., 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