REALTOR® · TREC #643769
Ricardo Salazar
RCR Real Connect Realty
- Español
- English
Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)
Investor sheet · MLS# 29777006 · https://ricosalazar.com/properties/2901-lakewood-ct-harlingen-tx-78550-29777006
Single-family home
2901 Lakewood Ct., Harlingen, TX 78550
$215,000
Price cut $25K- bd
- 4
- ba
- 2
- ft²
- 1,934
MLS# 29777006 · Listed by Amy-Noelle Gallo, Gallo Realty · Tel. 956-929-5185
- TypeSingle-family home
- Year built1994
- Lot0.17 acres
- Price / ft²$111
- Gateway International Bridge≈ 30 min approx.
Description
What a Deal, Much lower than the Neighborhood Market Value! This 4-bedroom home. Inquire about FHA 203K loan options to transform this property into your dream home. As you enter the foyer, a spacious living room greets you, with rich brown wood flooring and high ceilings. The kitchen is located at the back of the house, with a dining area adjacent to it. The main bedroom is generously sized and includes a private en suite bathroom with a soaking tub and a walk-in shower. The second bedroom boasts a chandelier and decorative ceiling, while the third and fourth bedrooms are conveniently located next to a full bathroom. Additional features include a private laundry room and a 2-car garage with a side entry leading directly into the kitchen. A large covered back patio overlooks a fenced yard shaded by mature trees for added privacy. This home is also conveniently located near the hospital.
Property Details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29777006
- Price
- $215,000
- Price per ft²
- $111
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,934 ft²
- Lot size
- 0.17 acres
- Year built
- 1994
- Subdivision
- Treasure Hills Country Club
- City
- Harlingen
- County
- Cameron
- Days on market
- 143
- Listed
- Jun 8, 2026
- Last updated
- Oct 15, 2026, 12:48 PM CT
Key Figures
Price per ft²
$111
Source: MLS listing
Days on market
143
Source: MLS listing
- Est. fixed costs per month
- $573/mo Est.
- Cash to close with 25% down
- $60,200 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.
Estimates Only
Investment Calculator
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
- $4,730
- minus Insurance Estimate
- $2,150
- minus HOA dues, 12 months Not provided
- $0
- minus Maintenance (5% of rent collected) Assumption
- —
- minus Management (8% of rent collected) Assumption
- —
- equals Net operating income (NOI)
- —
- divided by Price MLS listing
- $215,000
- equals Cap rate
- —
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:
- From a rent comparable:
- Your figures:
- Our estimates and assumptions:
- Not provided, counted as $0:
- Missing: the monthly rent. Enter it to get a cap rate.
- 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
2901 Lakewood Ct., Harlingen, TX 78550 Open in Google Maps (opens in a new tab)
- Gateway International Bridge≈ 30 min approx.
- UTRGV Brownsville campus≈ 30 min approx.
- B&M International Bridge≈ 35 min approx.
- Port of Brownsville≈ 35 min approx.
- Veterans International Bridge at Los Tomates≈ 35 min approx.
- South Padre Island (Queen Isabella Causeway)≈ 45 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
Financing for Foreign Buyers
Ricardo is not a lender. Ask him which loan types exist for foreign buyers and which documents lenders usually request.
Ask About This Property
- Phone / WhatsApp
- +1 (956) 592-5052
- [email protected]
- Website
- https://ricosalazar.com/
Message Received
Ricardo has your message and will reply through the channel you chose.
Open WhatsApp nowSingle-family home
Similar Properties
-
NewSingle-family home
4237 Casamigos St
Harlingen, TX 78522
- 3 bd
- 2 ba
- 1,510 ft²
- 0.16 acres
≈ 35 min · Gateway International Bridge
$254,950
$169/ft²
MLS# 29780590 · Listed by Jaime Lee Gonzalez, KELLER WILLIAMS REALTY RIO GRANDE VALLEY · 956-928-1155, [email protected]
NewSingle-family home
4225 Casamigos St
Harlingen, TX 78522
- 4 bd
- 3 ba
- 1,570 ft²
- 0.16 acres
≈ 35 min · Gateway International Bridge
$254,950
$162/ft²
MLS# 29780589 · Listed by Jaime Lee Gonzalez, KELLER WILLIAMS REALTY RIO GRANDE VALLEY · 956-928-1155, [email protected]
NewSingle-family home
4205 Casamigos St
Harlingen, TX 78552
- 3 bd
- 2 ba
- 1,510 ft²
- 0.16 acres
Median asking rent $1,700/mo · Gross yield 8.0%
$254,950
$169/ft²
MLS# 29780588 · Listed by Jaime Lee Gonzalez, KELLER WILLIAMS REALTY RIO GRANDE VALLEY · 956-928-1155, [email protected]
NewSingle-family home
4221 Casamigos St
Harlingen, TX 78552
- 3 bd
- 2 ba
- 1,510 ft²
- 0.16 acres
Median asking rent $1,700/mo · Gross yield 8.0%
$254,950
$169/ft²
MLS# 29780587 · Listed by Jaime Lee Gonzalez, KELLER WILLIAMS REALTY RIO GRANDE VALLEY · 956-928-1155, [email protected]
NewSingle-family home
4217 Casamigos St
Harlingen, TX 78552
- 4 bd
- 2 ba
- 1,504 ft²
- 0.16 acres
≈ 35 min · Gateway International Bridge
$254,950
$170/ft²
MLS# 29780586 · Listed by Jaime Lee Gonzalez, KELLER WILLIAMS REALTY RIO GRANDE VALLEY · 956-928-1155, [email protected]
NewSingle-family home
3310 Pebble Beach Dr.
Harlingen, TX 78550
- 5 bd
- 3 ba
- 3,081 ft²
- 0.23 acres
≈ 30 min · Gateway International Bridge
$475,000
$154/ft²
MLS# 29780576 · Listed by Monica Benavides Team, THE MBTEAM · Tel. 956-357-4632
Listing office: Gallo Realty
Listing agent: Amy-Noelle Gallo
Office contact: 956-929-5185
MLS# 29777006 · Last updated
Contact
Get a Second Opinion
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.