Ricardo Salazar REALTOR® · RCR Real Connect Realty
WhatsApp

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

Investor sheet · MLS# 29780390 · https://ricosalazar.com/properties/474-lampasas-st-brownsville-tx-78521-29780390

For sale

$430,000

474 Lampasas St, Brownsville, TX 78521

units
2
ft²
3,057
Est. cap rate 0.8% See the numbers →

MLS# 29780390 · Listed by Margarita Rivera, Realty One Group, Modern Edge · 956-908-0325, [email protected]

  • TypeIncome property
  • Year built2024
  • Lot0.14 acres
  • Price / ft²$141
  • Rent (MLS)$1,800/mo
  • Port of Brownsville≈ 5 min approx.
Virtual tour (opens another website in a new tab) Ask for a video walkthrough

Description

Modern Duplex | Live in one rent the other! Take advantage of this fantastic opportunity with a newly constructed duplex designed for modern living and investment potential. Featuring an open-concept, 3 bedrooms, 2.5 bathrooms, a fully fenced yard, and a covered patio, each unit also includes an electric stove, refrigerator, and microwave. With one unit vacant, you can live in one side while generating rental income from the other. Ideally located near Houston Rd, providing close proximity to SpaceX, LNG facilities, and the Port of Brownsville, this property is perfect for first-time homebuyers and investors looking to capitalize on a continuously growing area! Schedule a tour today before it gone!

Property details

Type
Income property · Multi Family
Status
For sale
MLS#
29780390
Price
$430,000
Price per ft²
$141
Units
2
Living area
3,057 ft²
Lot size
0.14 acres
Year built
2024
Subdivision
Houston Est
City
Brownsville
County
Cameron
Days on market
7
Listed
Oct 21, 2026
Last updated
Oct 21, 2026, 9:28 AM CT

Numbers for investors

Price per ft²

$141

Source: MLS listing

Current rent

$1,800/mo

Gross yield 5.0%

Source: MLS listing

Days on market

7

Source: MLS listing

Est. fixed costs per month
$1,147/mo Est.
Cash to close with 25% down
$120,400 Est.
Est. cap rate
0.8% 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

Current rent reported in the MLS listing.

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 MLS listing
$21,600
Rent per unit (2 units), per month
$900/mo
Gross yield: rent ÷ price, before costs
5.0%
minus Vacancy (8% of gross rent) Assumption
$1,728
equals Rent collected
$19,872
minus Property tax Estimate
$9,460
minus Insurance Estimate
$4,300
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$994
minus Management (8% of rent collected) Assumption
$1,590
equals Net operating income (NOI)
$3,529
divided by Price MLS listing
$430,000
equals Cap rate
0.8%

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, rent
  • Our estimates and assumptions: 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

474 Lampasas St, Brownsville, TX 78521 Open in Google Maps (opens in a new tab)

  • Port of Brownsville≈ 5 min approx.
  • Veterans International Bridge at Los Tomates≈ 10 min approx.
  • UTRGV Brownsville campus≈ 10 min approx.
  • Gateway International Bridge≈ 10 min approx.
  • B&M International Bridge≈ 10 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 25 min approx.
  • South Padre Island (Queen Isabella Causeway)≈ 30 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.

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: 474 Lampasas St · MLS# 29780390

Optional if you leave a WhatsApp or phone number.

No obligation

Income property · Brownsville

Similar properties

See all in Brownsville

Listing office: Realty One Group, Modern Edge

Listing agent: Margarita Rivera

Office contact: 956-908-0325, [email protected]

MLS# 29780390 · 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
$430,000Est. cap rate 0.8%

1 / 26

474 Lampasas St, Brownsville, TX 78521 · MLS# 29780390