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

Investor sheet · MLS# 29775521 · https://ricosalazar.com/properties/416-chavez-st-edinburg-tx-78541-29775521

For sale

Income property

416 Chavez St, Edinburg, TX 78541

$499,999

Price cut $50K

units: 4
ft²: 6,942

Est. cap rate 3.7% See the numbers →

MLS# 29775521 · Listed by Nancy Ruth Escobedo, Realty Solutions · Tel. 956-455-5956

TypeIncome property
Year built2023
Lot0.16 acres
Price / ft²$72
Rent (MLS)$3,600/mo
B&M International Bridge≈ 70 min approx.

Virtual tour Ask for a video walkthrough

Description

Income producing 4-Plex, Turnkey investment opportunity near UTRGV with strong rental demand and multiple income strategies! All units come with refrigerator, stove, washer and dryer.

Property Details

Type: Income property · Multi Family
Status: For sale
MLS#: 29775521
Price: $499,999
Price per ft²: $72
Units: 4
Living area: 6,942 ft²
Lot size: 0.16 acres
Year built: 2023
Subdivision: Conrad
City: Edinburg
County: Hidalgo
Days on market: 203
Listed: Apr 9, 2026
Last updated: Jun 18, 2026, 11:42 AM CT

Key Figures

Price per ft²

$72

Source: MLS listing

Current rent

$3,600/mo

Gross yield 8.6%

Source: MLS listing

Days on market

203

Source: MLS listing

Est. fixed costs per month: $1,333/mo Est.
Cash to close with 25% down: $140,000 Est.
Est. cap rate: 3.7% 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

Price

List price per the MLS. Try your own offer.

Down payment25%

100% = cash purchase, no loan.

Interest rate7%

Planning assumption, not a lender quote.

Loan term

15 yrs 20 yrs 30 yrs

Income

Monthly rent

/mo

Current rent reported in the MLS listing.

Vacancy8%

Share of the year the property sits empty.

Expenses

Property tax

/yr

Estimated at 2.2% of the price per year. Verify it with the Cameron Appraisal District.

Insurance

/yr

Estimated at 1% of the price per year; coastal wind coverage can cost more.

HOA

/mo

If the property has an HOA, enter the monthly dues.

Maintenance5%

% of collected rent.

Property management8%

% of collected rent, if you hire a manager.

Closing costs3%

Buyer side: title, appraisal, lender fees (estimate).

I am a foreign buyer (no SSN)

Monthly cash flow Est.

−$947

With these assumptions the cash flow is negative; try a different down payment or rent.

3.7% How it’s calculated

−8.1%

Estimated monthly cost

Mortgage $2,495
Tax $917
Insurance $417
HOA $0
Operations $431

Mortgage payment (P&I): $2,495/mo
Rent after vacancy: $3,312/mo
Total monthly cost: $4,259/mo
Net operating income (NOI): $18,577/yr
Down payment: $125,000
Closing costs (est.): $15,000
Cash needed at closing: $140,000

Review these numbers with Ricardo

Illustrative estimates only, not financial advice or a guarantee of results. Assumptions are editable; taxes, insurance, rent and rates vary. Verify with a lender, insurer and CPA.

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 MLS listing: $43,200
Rent per unit (4 units), per month: $900/mo
Gross yield: rent ÷ price, before costs: 8.6%
minus Vacancy (8% of gross rent) Assumption: $3,456
equals Rent collected: $39,744
minus Property tax Estimate: $11,000
minus Insurance Estimate: $5,000
minus HOA dues, 12 months Not provided: $0
minus Maintenance (5% of rent collected) Assumption: $1,987
minus Management (8% of rent collected) Assumption: $3,180
equals Net operating income (NOI): $18,577
divided by Price MLS listing: $499,999
equals Cap rate: 3.7%

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, rent
From a rent comparable:
Your figures:
Our estimates and assumptions: property tax, insurance, vacancy, maintenance, management
Not provided, counted as $0: HOA
Missing:

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

416 Chavez St, Edinburg, TX 78541 Open in Google Maps (opens in a new tab)

B&M International Bridge≈ 70 min approx.
Gateway International Bridge≈ 70 min approx.
UTRGV Brownsville campus≈ 70 min approx.
Veterans International Bridge at Los Tomates≈ 70 min approx.
Port of Brownsville≈ 75 min approx.
South Padre Island (Queen Isabella Causeway)≈ 85 min approx.
SpaceX Starbase launch site, Boca Chica≈ 95 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.

Texas · USA Tamaulipas · Mexico Matamoros Port Isabel Laguna Madre Gulf Rio Grande Ship channel I-69E SH 48 SH 4 SH 100 3 international bridges3 bridges UTRGV

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.

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

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

Español
English

Phone / WhatsApp: +1 (956) 592-5052
Email: [email protected]
Website: https://ricosalazar.com/

Schedule a Showing

About: 416 Chavez St · MLS# 29775521

Full name

Optional if you leave a WhatsApp or phone number.

WhatsApp or phone

This number has WhatsApp

Message (optional)

I agree that Ricardo Salazar may contact me by WhatsApp, phone or email about my inquiry. Privacy notice

No obligation

Income property

See all in Edinburg

Income
Income property

4614 W Huckleberry

Edinburg, TX 78541
- 4 units
- 5,328 ft²
- Built 2023
Gross income $5,700/mo

$680,000

$128/ft²
MLS# 29780370 · Listed by Maggie Harris, KELLER WILLIAMS REALTY RIO GRANDE VALLEY · 956-928-1155, [email protected]
Income property

1407 W Carmen Ave.

Edinburg, TX 78541
- 4 units
- 3,604 ft²
- Built 1996
≈ 70 min · B&M International Bridge

$335,000

$93/ft²
MLS# 29780281 · Listed by Chris Gonzalez, GRT Realty · Tel. 956-254-0869
Income property

1613 Molino De Viento Cir.

Edinburg, TX 78541
- 4 units
- 3,746 ft²
- Built 2024
≈ 70 min · B&M International Bridge

$485,000

$129/ft²
MLS# 29779766 · Listed by Bryanna Hernandez, Imperio Real Estate · Tel. 956-803-0341
Income
Income property

1711 Tampa Ave.

Edinburg, TX 78541
- 4 units
- 4,234 ft²
- Built 2004
Gross income $3,550/mo

$379,000

$90/ft²
MLS# 29779716 · Listed by Lourdes Huizar, Sublime Realty · Tel. 956-310-8482
Income
Income property

1823 Tierra Dulce Dr.

Edinburg, TX 78539
- 4 units
- 4,480 ft²
- Built 2005
Gross income $3,450/mo

$430,000

$96/ft²
MLS# 29779664 · Listed by Frank Strubhart, STRUBHART REAL ESTATE, LLC · 956-230-1228, [email protected]
Income
Income property

2609 Larkspur Ave.

Edinburg, TX 78541
- 4 units
- 4,256 ft²
- Built 2017
Gross income $3,800/mo

$495,000

$116/ft²
MLS# 29778942 · Listed by Jacob Wiley, Sky Real Estate Co. LLC · Tel. 956-478-0700