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

Investor sheet · MLS# 29780278 · https://ricosalazar.com/properties/4245-minnesota-ave-harlingen-tx-78550-29780278

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For sale

$154,900

4245 Minnesota Ave., Harlingen, TX 78550

bd: 2
ba: 2
ft²: 1,050

Est. cap rate 1.4% See the numbers →

MLS# 29780278 · Listed by Lolly Burns, LOLLY BURNS REAL ESTATE, LLC · Tel. 956-423-0400

TypeSingle-family home
Year built1992
Lot0.06 acres
Price / ft²$148
HOA / month$121
Est. rent$900/mo Est.
Gateway International Bridge≈ 40 min approx.

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Description

Very cute 2/2/1 brick home in the popular Sunshine Country Club Estates. This home is in a great price range, comes fully furnished and even has a golf cart garage that has room for a workshop and storage. The house did not flood! The HVAC unit is brand new, there is a new refrigerator and electric range, the colors are light and bright, too. The flooring is tile, laminate, and new carpet in both bedrooms. You'll like watching sunsets from the nice patio. The large laundry room has plenty of space for your pantry items, supplies, and more. The countertops are solid surfaces, and appliances are included, even the washer and dryer. The windows were replaced in 2015. There is a Murphy style cabinet chest bed in the second bedroom. The master bedroom has a new walk-in shower. Easy to view and easy to love! Sunshine Country Club Estates is an over-55 community with so many amenities! Pool, tennis courts, activity center, wood working shop and many planned activities. $154,900.

Property details

Type: Single-family home · Single Family Residence
Status: For sale
MLS#: 29780278
Price: $154,900
Price per ft²: $148
Bedrooms: 2
Bathrooms: 2
Living area: 1,050 ft²
Lot size: 0.06 acres
Year built: 1992
Subdivision: Sunshine Country Club Estates
City: Harlingen
County: Cameron
HOA: $121/mo
Days on market: 13
Listed: Oct 15, 2026
Last updated: Oct 15, 2026, 7:16 PM CT

Numbers for investors

Price per ft²

$148

Source: MLS listing

Estimated rent

$900/mo

Gross yield 7.0%

Asking rent: median of 19 active rentals, ZIP 78550, 2 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

Source: MLS listing

Est. fixed costs per month: $534/mo Est.
Cash to close with 25% down: $43,372 Est.
Est. cap rate: 1.4% 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

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

Asking rent: median of 19 active rentals, ZIP 78550, 2 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

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

Monthly dues per the MLS listing.

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.

−$587

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

1.4% How it’s calculated

−16.2%

Estimated monthly cost

Mortgage $773
Tax $284
Insurance $129
HOA $121
Operations $108

Mortgage payment (P&I): $773/mo
Rent after vacancy: $828/mo
Total monthly cost: $1,415/mo
Net operating income (NOI): $2,235/yr
Down payment: $38,725
Closing costs (est.): $4,647
Cash needed at closing: $43,372

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 Estimate: $10,800
Gross yield: rent ÷ price, before costs: 7.0%
minus Vacancy (8% of gross rent) Assumption: $864
equals Rent collected: $9,936
minus Property tax Estimate: $3,408
minus Insurance Estimate: $1,549
minus HOA dues, 12 months MLS listing: $1,452
minus Maintenance (5% of rent collected) Assumption: $497
minus Management (8% of rent collected) Assumption: $795
equals Net operating income (NOI): $2,235
divided by Price MLS listing: $154,900
equals Cap rate: 1.4%

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

4245 Minnesota Ave., Harlingen, TX 78550 Open in Google Maps (opens in a new tab)

Gateway International Bridge≈ 40 min approx.
UTRGV Brownsville campus≈ 40 min approx.
B&M International Bridge≈ 40 min approx.
Port of Brownsville≈ 40 min approx.
Veterans International Bridge at Los Tomates≈ 40 min approx.
South Padre Island (Queen Isabella Causeway)≈ 50 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.

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