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# 29771240 · https://ricosalazar.com/properties/304-3-bolivar-rancho-viejo-tx-78575-29771240

For sale

$259,000

Price cut $10.9K

304-3 Bolivar, Rancho Viejo, TX 78575

bd
3
ba
3
ft²
2,130
Est. cap rate 4.3% See the numbers →

MLS# 29771240 · Listed by Teppi Montemayor, RCR Real Connect Realty · Tel. 956-443-0115

  • TypeCondo / townhome
  • Year built1973
  • Price / ft²$122
  • HOA / month$378
  • Est. rent$2,500/mo Est.
  • Gateway International Bridge≈ 15 min approx.
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Description

Stunning Rancho Viejo Country Club Living. Discover the epitome of resort-style living in this beautifully redesigned half-duplex condo located in the prestigious Rancho Viejo Country Club and Resort. With 2,130 SqFt of spacious living, this three-bedroom, three-bath plus garage gem offers a modern open floor plan thanks to a complete interior transformation. Step inside to find a fully updated kitchen and bathrooms, all-new flooring, stylish lighting, and quartz countertops throughout. The expansive living area is bathed in natural light from the large windows that frame breathtaking resaca views and a generous backyard. Large deck on the second floor is perfect for enjoying morning coffee , and great views . As part of the Rancho Viejo community, you'll have access to swimming pool, golf course, pickleball courts, on-site restaurants, and more with different membership plans available with RVCC This is truly a gorgeous place to call home.

Property details

Type
Condo / townhome · Condominium
Status
For sale
MLS#
29771240
Price
$259,000
Price per ft²
$122
Bedrooms
3
Bathrooms
3
Living area
2,130 ft²
Lot size
0.24 acres
Year built
1973
Subdivision
Rancho Viejo
City
Rancho Viejo
County
Cameron
HOA
$378/mo
Days on market
288
Listed
Jan 13, 2026
Last updated
Oct 17, 2026, 9:52 AM CT

Numbers for investors

Price per ft²

$122

Source: MLS listing

Estimated rent

$2,500/mo

Gross yield 11.6%

Asking rent: median of 6 active rentals, ZIP 78575, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

288

Source: MLS listing

Est. fixed costs per month
$1,069/mo Est.
Cash to close with 25% down
$72,520 Est.
Est. cap rate
4.3% 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 6 active rentals, ZIP 78575, 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

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 Estimate
$30,000
Gross yield: rent ÷ price, before costs
11.6%
minus Vacancy (8% of gross rent) Assumption
$2,400
equals Rent collected
$27,600
minus Property tax Estimate
$5,698
minus Insurance Estimate
$2,590
minus HOA dues, 12 months MLS listing
$4,536
minus Maintenance (5% of rent collected) Assumption
$1,380
minus Management (8% of rent collected) Assumption
$2,208
equals Net operating income (NOI)
$11,188
divided by Price MLS listing
$259,000
equals Cap rate
4.3%

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
  • Our estimates and assumptions: rent, property tax, insurance, vacancy, maintenance, management
  • 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

304-3 Bolivar, 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.

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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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Condo / townhome · Rancho Viejo

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Listing office: RCR Real Connect Realty

Listing agent: Teppi Montemayor

Office contact: 956-443-0115

MLS# 29771240 · Last updated

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$259,000Est. cap rate 4.3%

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304-3 Bolivar, Rancho Viejo, TX 78575 · MLS# 29771240