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# 29779174 · https://ricosalazar.com/properties/344-nicholas-st-rancho-viejo-tx-78575-29779174

For sale

$499,450

344 Nicholas St, Rancho Viejo, TX 78575

bd
3
ba
4
ft²
2,378
Est. cap rate 1.6% See the numbers →

MLS# 29779174 · Listed by Myrna Castella, GRT Realty · Tel. 956-254-0869

  • TypeSingle-family home
  • Year built2015
  • Lot0.35 acres
  • Price / ft²$210
  • Est. rent$2,500/mo Est.
  • Gateway International Bridge≈ 15 min approx.
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Description

Beautiful modern home located on a private corner lot in the desirable Rancho Nuevo subdivision of Rancho Viejo. This spacious 3-bedroom, 3.5-bath home with a dedicated office offers a stylish and functional layout. Each bedroom features its own private bathroom and walk-in closet, providing exceptional comfort and privacy. The primary suite boasts an exceptionally large walk-in closet and an impressive oversized shower. The home also features a 2-car garage and a private setting perfect for comfortable Valley living. Centrally located with convenient access to Brownsville, Harlingen, SpaceX Starbase, South Padre Island, shopping, dining, schools, and major roadways. A beautiful combination of modern style, space, privacy, and an excellent Rancho Viejo location!

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29779174
Price
$499,450
Price per ft²
$210
Bedrooms
3
Bathrooms
4
Living area
2,378 ft²
Lot size
0.35 acres
Year built
2015
Subdivision
Rancho Viejo
City
Rancho Viejo
County
Cameron
Days on market
58
Listed
Aug 31, 2026
Last updated
Aug 31, 2026, 6:12 PM CT

Numbers for investors

Price per ft²

$210

Source: MLS listing

Estimated rent

$2,500/mo

Gross yield 6.0%

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

Days on market

58

Source: MLS listing

Est. fixed costs per month
$1,332/mo Est.
Cash to close with 25% down
$139,846 Est.
Est. cap rate
1.6% 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

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
$30,000
Gross yield: rent ÷ price, before costs
6.0%
minus Vacancy (8% of gross rent) Assumption
$2,400
equals Rent collected
$27,600
minus Property tax Estimate
$10,988
minus Insurance Estimate
$4,995
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$1,380
minus Management (8% of rent collected) Assumption
$2,208
equals Net operating income (NOI)
$8,029
divided by Price MLS listing
$499,450
equals Cap rate
1.6%

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

344 Nicholas St, 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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Single-family home · Rancho Viejo

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Listing office: GRT Realty

Listing agent: Myrna Castella

Office contact: 956-254-0869

MLS# 29779174 · Last updated

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$499,450Est. cap rate 1.6%

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344 Nicholas St, Rancho Viejo, TX 78575 · MLS# 29779174