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# 29779755 · https://ricosalazar.com/properties/3220-divina-dr-brownsville-tx-78526-29779755

For sale

Single-family home

3220 Divina Dr., Brownsville, TX 78526

$238,900

Price cut $11K
bd
3
ba
2
ft²
1,520
Est. cap rate 4.8% See the numbers →

MLS# 29779755 · Listed by Eleazar Solis, EXP Realty, LLC · Tel. 888-519-7431

  • TypeSingle-family home
  • Year built2007
  • Lot0.12 acres
  • Price / ft²$157
  • Est. rent$2,000/mo Est.
  • Port of Brownsville≈ 10 min approx.
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Description

Beautiful 3-bedroom, 2-bath home with a 2-car garage, freshly painted throughout for a clean, move-in-ready feel. Located in a highly desirable area close to three schools and offering easy access to main roads, this home provides both comfort and convenience. Enjoy a good-size backyard with a wood privacy fence, perfect for gatherings, pets, or outdoor relaxation. The home also includes a reverse osmosis water filtration system and a whole-house water softener, adding quality, efficiency, and long-term value. A solid, well-maintained property in a great location — ideal for any buyer seeking accessibility and comfort.

Property Details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29779755
Price
$238,900
Price per ft²
$157
Bedrooms
3
Bathrooms
2
Living area
1,520 ft²
Lot size
0.12 acres
Year built
2007
Subdivision
Resaca Vista
City
Brownsville
County
Cameron
Days on market
36
Listed
Sep 23, 2026
Last updated
Oct 22, 2026, 10:22 AM CT

Key Figures

Price per ft²

$157

Source: MLS listing

Estimated rent

$2,000/mo

Gross yield 10.0%

Asking rent: median of 27 active rentals, ZIP 78526, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

36

Source: MLS listing

Est. fixed costs per month
$637/mo Est.
Cash to close with 25% down
$66,892 Est.
Est. cap rate
4.8% 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.

Estimates Only

Investment Calculator

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 27 active rentals, ZIP 78526, 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
$24,000
Gross yield: rent ÷ price, before costs
10.0%
minus Vacancy (8% of gross rent) Assumption
$1,920
equals Rent collected
$22,080
minus Property tax Estimate
$5,256
minus Insurance Estimate
$2,389
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$1,104
minus Management (8% of rent collected) Assumption
$1,766
equals Net operating income (NOI)
$11,565
divided by Price MLS listing
$238,900
equals Cap rate
4.8%

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: 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

3220 Divina Dr., Brownsville, TX 78526 Open in Google Maps (opens in a new tab)

  • Port of Brownsville≈ 10 min approx.
  • UTRGV Brownsville campus≈ 10 min approx.
  • Gateway International Bridge≈ 10 min approx.
  • B&M International Bridge≈ 10 min approx.
  • Veterans International Bridge at Los Tomates≈ 10 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 30 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 30 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

Financing for Foreign Buyers

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/

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About: 3220 Divina Dr. · MLS# 29779755

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Listing office: EXP Realty, LLC

Listing agent: Eleazar Solis

Office contact: 888-519-7431

MLS# 29779755 · Last updated

Contact

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$238,900Est. cap rate 4.8%

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3220 Divina Dr., Brownsville, TX 78526 · MLS# 29779755