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# 29779920 · https://ricosalazar.com/properties/47-shenandoah-river-dr-brownsville-tx-78520-29779920

For sale

$260,000

47 Shenandoah River Dr., Brownsville, TX 78520

bd
3
ba
3
ft²
2,136
Est. cap rate 2.9% See the numbers →

MLS# 29779920 · Listed by Bruno Zavaleta, Zavaleta Realty, LLC · Tel. 956-410-0747

  • TypeSingle-family home
  • Year built1993
  • Lot0.11 acres
  • Price / ft²$122
  • HOA / month$121
  • Est. rent$1,800/mo Est.
  • Gateway International Bridge≈ 15 min approx.
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Description

Discover this well kept waterfront home in River Bend Resort & Golf Club, an exclusive 55+ community. This spacious two story home features three bedrooms, two and a half bathrooms, with the primary bedroom conveniently located downstairs. The kitchen was remodeled in 2022, offering an updated space for everyday living and entertaining. A gas fireplace adds warmth and character to the living area. Relax on the screened in patio overlooking the water, or take in the waterfront views from the second story bedroom and its private deck. River Bend offers fantastic amenities, including an 18 hole championship golf course, clubhouse, heated pool, hot tub, tennis courts, pickleball courts, dog park, library, card games, exercise classes, and much more. Enjoy resort style living in a welcoming community with recreation and relaxation right outside your door.

Property details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29779920
Price
$260,000
Price per ft²
$122
Bedrooms
3
Bathrooms
3
Living area
2,136 ft²
Lot size
0.11 acres
Year built
1993
Subdivision
Riverbend
City
Brownsville
County
Cameron
HOA
$121/mo
Days on market
29
Listed
Sep 30, 2026
Last updated
Oct 1, 2026, 9:40 AM CT

Numbers for investors

Price per ft²

$122

Source: MLS listing

Estimated rent

$1,800/mo

Gross yield 8.3%

Asking rent: median of 15 active rentals, ZIP 78520, 3 bedrooms (not signed leases) · RGV MLS, Oct 29, 2026

Days on market

29

Source: MLS listing

Est. fixed costs per month
$814/mo Est.
Cash to close with 25% down
$72,800 Est.
Est. cap rate
2.9% 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 15 active rentals, ZIP 78520, 3 bedrooms (not signed leases) · RGV MLS, Oct 29, 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

Monthly dues per the MLS listing.

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
$21,600
Gross yield: rent ÷ price, before costs
8.3%
minus Vacancy (8% of gross rent) Assumption
$1,728
equals Rent collected
$19,872
minus Property tax Estimate
$5,720
minus Insurance Estimate
$2,600
minus HOA dues, 12 months MLS listing
$1,452
minus Maintenance (5% of rent collected) Assumption
$994
minus Management (8% of rent collected) Assumption
$1,590
equals Net operating income (NOI)
$7,517
divided by Price MLS listing
$260,000
equals Cap rate
2.9%

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
  • Our estimates and assumptions: rent, property tax, insurance, vacancy, maintenance, management
  • 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

47 Shenandoah River Dr., Brownsville, TX 78520 Open in Google Maps (opens in a new tab)

  • Gateway International Bridge≈ 15 min approx.
  • B&M International Bridge≈ 15 min approx.
  • UTRGV Brownsville campus≈ 15 min approx.
  • Veterans International Bridge at Los Tomates≈ 15 min approx.
  • Port of Brownsville≈ 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 · Brownsville

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Listing office: Zavaleta Realty, LLC

Listing agent: Bruno Zavaleta

Office contact: 956-410-0747

MLS# 29779920 · Last updated

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$260,000Est. cap rate 2.9%

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47 Shenandoah River Dr., Brownsville, TX 78520 · MLS# 29779920