Ricardo Salazar REALTOR® · RCR Real Connect Realty
WhatsApp

Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)

Investor sheet · MLS# 29778426 · https://ricosalazar.com/properties/37091-marshall-hutts-rd-rio-hondo-tx-78538-29778426

For sale

$1,499,900

37091 Marshall Hutts Rd., Rio Hondo, TX 78538

bd
4
ba
4
ft²
2,438
No rent in the MLS: run cash flow with your own estimate Run the numbers →

MLS# 29778426 · Listed by Jacob Garcia, RE/MAX ELITE · Tel. 956-496-2012

  • TypeSingle-family home
  • Year built1953
  • Lot0.35 acres
  • Price / ft²$615
  • South Padre Island (Queen Isabella Causeway)≈ 35 min approx.
Virtual tour (opens another website in a new tab) Ask for a video walkthrough

Description

Four covered boat slips with automatic lifts. An infinity pool that opens straight to the water. This 4 bed, 4 bath, 2,438 sq ft home in Arroyo City checks every box for waterfront living. The kitchen is the centerpiece: sage-green cabinetry with brushed gold hardware, quartz island, hexagon tile backsplash, and stainless steel appliances. The great room opens to the pool deck through a wall of glass doors and windows, with a built-in electric fireplace. A dedicated office sits off the main living space, separate from the 4 bedrooms. Two detached structures complement the main home: an air-conditioned two-car garage with an attached bonus room currently used as a home gym and full bathroom, and a separate living space with floor-to-ceiling windows overlooking the water, positioned above the boat slip. Outside: pool and spa, covered outdoor kitchen with built-in smoker, and a dedicated rod and tackle room off the dock.

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29778426
Price
$1,499,900
Price per ft²
$615
Bedrooms
4
Bathrooms
4
Living area
2,438 ft²
Lot size
0.35 acres
Year built
1953
Subdivision
Espiritu Grant
City
Rio Hondo
County
Cameron
Days on market
86
Listed
Aug 3, 2026
Last updated
Sep 18, 2026, 5:24 PM CT

Numbers for investors

Price per ft²

$615

Source: MLS listing

Days on market

86

Source: MLS listing

Est. fixed costs per month
$4,000/mo Est.
Cash to close with 25% down
$419,972 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.

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

The MLS does not publish a rent for this property. Enter your own estimate or ask Ricardo for rent comps in the area.

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 Not provided
—
Gross yield: rent ÷ price, before costs
—
minus Vacancy (8% of gross rent) Assumption
—
equals Rent collected
—
minus Property tax Estimate
$32,998
minus Insurance Estimate
$14,999
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
$1,499,900
equals Cap rate
—

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:

  • Missing: the monthly rent. Enter it to get a cap rate.
  • 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

37091 Marshall Hutts Rd., Rio Hondo, TX 78538 Open in Google Maps (opens in a new tab)

  • South Padre Island (Queen Isabella Causeway)≈ 35 min approx.
  • Port of Brownsville≈ 40 min approx.
  • UTRGV Brownsville campus≈ 45 min approx.
  • Gateway International Bridge≈ 45 min approx.
  • B&M International Bridge≈ 45 min approx.
  • Veterans International Bridge at Los Tomates≈ 45 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 60 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.

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/

Schedule a showing (in person or by video)

About: 37091 Marshall Hutts Rd. · MLS# 29778426

Optional if you leave a WhatsApp or phone number.

No obligation

Single-family home · Rio Hondo

Similar properties

See all in Rio Hondo

Listing office: RE/MAX ELITE

Listing agent: Jacob Garcia

Office contact: 956-496-2012

MLS# 29778426 · Last updated

Want a second opinion on this one?

Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.

Message on WhatsApp Write to Ricardo
$1,499,900Est. cost $11,484/mo

1 / 39

37091 Marshall Hutts Rd., Rio Hondo, TX 78538 · MLS# 29778426