Ricardo Salazar REALTOR® · RCR Real Connect Realty
WhatsApp

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

Investor sheet · MLS# 29780240 · https://ricosalazar.com/properties/2103-el-dorado-ave-rancho-viejo-tx-78575-29780240

For sale

$143,000

Price cut $2K

2103 El Dorado Ave. #2101, Rancho Viejo, TX 78575

bd
3
ba
2
ft²
1,650
No rent in the MLS: run cash flow with your own estimate Run the numbers →

MLS# 29780240 · Listed by Edgar De La Garza, MKZ Realty · Tel. 956-572-4824

  • TypeCondo / townhome
  • Year built1984
  • Price / ft²$87
  • HOA / month$290
  • Gateway International Bridge≈ 15 min approx.
Virtual tour (opens another website in a new tab) Ask for a video walkthrough

Description

INVESTORS COME SEE THIS UNIT ARV 190k you can get it at a steal for 145k needs some updating and paint. DONT MISS OUT CASH OR HARD MONEY LOAN

Property details

Type
Condo / townhome · Townhouse
Status
For sale
MLS#
29780240
Price
$143,000
Price per ft²
$87
Bedrooms
3
Bathrooms
2
Living area
1,650 ft²
Year built
1984
Subdivision
El Dorado Estates
City
Rancho Viejo
County
Cameron
HOA
$290/mo
Days on market
14
Listed
Oct 14, 2026
Last updated
Oct 28, 2026, 12:18 PM CT

Numbers for investors

Price per ft²

$87

Source: MLS listing

Days on market

14

Source: MLS listing

Est. fixed costs per month
$671/mo Est.
Cash to close with 25% down
$40,040 Est.

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

The MLS does not publish a rent for this property. Enter your own estimate or ask Ricardo for rent comps in the area.

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 Not provided
—
Gross yield: rent ÷ price, before costs
—
minus Vacancy (8% of gross rent) Assumption
—
equals Rent collected
—
minus Property tax Estimate
$3,146
minus Insurance Estimate
$1,430
minus HOA dues, 12 months MLS listing
$3,480
minus Maintenance (5% of rent collected) Assumption
—
minus Management (8% of rent collected) Assumption
—
equals Net operating income (NOI)
—
divided by Price MLS listing
$143,000
equals Cap rate
—

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:

  • Missing: the monthly rent. Enter it to get a cap rate.
  • 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

2103 El Dorado Ave. #2101, Rancho Viejo, TX 78575 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 15 min approx.
  • UTRGV Brownsville campus≈ 15 min approx.
  • B&M International Bridge≈ 15 min approx.
  • Port of Brownsville≈ 20 min approx.
  • Veterans International Bridge at Los Tomates≈ 20 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 35 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 40 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

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.

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 (in person or by video)

About: 2103 El Dorado Ave. #2101 · MLS# 29780240

Optional if you leave a WhatsApp or phone number.

No obligation

Condo / townhome · Rancho Viejo

Similar properties

See all in Rancho Viejo

Listing office: MKZ Realty

Listing agent: Edgar De La Garza

Office contact: 956-572-4824

MLS# 29780240 · Last updated

Want a second opinion on this one?

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

Message on WhatsApp Write to Ricardo
$143,000Est. cost $1,385/mo

1 / 20

2103 El Dorado Ave. #2101, Rancho Viejo, TX 78575 · MLS# 29780240