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# 29776346 · https://ricosalazar.com/properties/2418-topaz-dr-harlingen-tx-78552-29776346

For sale

$225,000

Price cut $9.9K

2418 Topaz Dr., Harlingen, TX 78552

bd
3
ba
2
ft²
1,494
Est. cap rate 4.1% See the numbers →

MLS# 29776346 · Listed by Diana Martinez-Moon, RE/MAX Platinum · Tel. 956-668-8555

  • TypeSingle-family home
  • Year built1998
  • Lot0.14 acres
  • Price / ft²$151
  • Est. rent$1,700/mo Est.
  • Gateway International Bridge≈ 35 min approx.
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Description

Fresh Price. Fresh Incentive. Fresh Opportunity! This beautifully remodeled 3-bedroom, 2-bath home is now offered at $225,000!! Featuring a brand-new roof, updated finishes throughout, soaring tray ceilings, abundant natural light, and a functional layout designed for everyday living and entertaining. The distinctive sunken living room creates a separate gathering space full of character and charm. Located in the established Dixieland Estates subdivision, this move-in ready home offers exceptional value in today's market. Conveniently located near schools, shopping, restaurants, and more. Don't miss your chance to own a fully remodeled home with seller assistance that can help make homeownership more affordable. Schedule your private showing today! The property was not affected by the March 2025 flooding.

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29776346
Price
$225,000
Price per ft²
$151
Bedrooms
3
Bathrooms
2
Living area
1,494 ft²
Lot size
0.14 acres
Year built
1998
Subdivision
Dixieland Estates
City
Harlingen
County
Cameron
Days on market
171
Listed
May 11, 2026
Last updated
Sep 18, 2026, 10:47 PM CT

Numbers for investors

Price per ft²

$151

Source: MLS listing

Estimated rent

$1,700/mo

Gross yield 9.1%

Asking rent: median of 9 active rentals, ZIP 78552, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

171

Source: MLS listing

Est. fixed costs per month
$600/mo Est.
Cash to close with 25% down
$63,000 Est.
Est. cap rate
4.1% 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 9 active rentals, ZIP 78552, 3 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

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
$20,400
Gross yield: rent ÷ price, before costs
9.1%
minus Vacancy (8% of gross rent) Assumption
$1,632
equals Rent collected
$18,768
minus Property tax Estimate
$4,950
minus Insurance Estimate
$2,250
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$938
minus Management (8% of rent collected) Assumption
$1,501
equals Net operating income (NOI)
$9,128
divided by Price MLS listing
$225,000
equals Cap rate
4.1%

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
  • 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

2418 Topaz Dr., Harlingen, TX 78552 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 35 min approx.
  • B&M International Bridge≈ 35 min approx.
  • UTRGV Brownsville campus≈ 35 min approx.
  • Veterans International Bridge at Los Tomates≈ 35 min approx.
  • Port of Brownsville≈ 35 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 50 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 55 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: RE/MAX Platinum

Listing agent: Diana Martinez-Moon

Office contact: 956-668-8555

MLS# 29776346 · Last updated

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$225,000Est. cap rate 4.1%

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2418 Topaz Dr., Harlingen, TX 78552 · MLS# 29776346