REALTOR® · TREC #643769
Ricardo Salazar
RCR Real Connect Realty
- Español
- English
Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)
Investor sheet · MLS# 29778960 · https://ricosalazar.com/properties/4853-paseo-del-rey-brownsville-tx-78526-29778960
Single-family home
4853 Paseo Del Rey, Brownsville, TX 78526
$215,000
- bd
- 3
- ba
- 3
- ft²
- 1,057
MLS# 29778960 · Listed by Yazmin Ramirez,, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
- TypeSingle-family home
- Year built1984
- Lot0.14 acres
- Price / ft²$203
- Est. rent$2,000/mo Est.
- UTRGV Brownsville campus≈ 10 min approx.
Description
Beautifully remodeled 3-bedroom, 2.5-bath home featuring a converted garage that provides a versatile bonus room. Recent upgrades include new central A/C, new roof and fresh paint, and tile flooring throughout. The stove, refrigerator, washer, and dryer are all included, making this home truly move-in ready.
Property Details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29778960
- Price
- $215,000
- Price per ft²
- $203
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,057 ft²
- Lot size
- 0.14 acres
- Year built
- 1984
- Subdivision
- El Chaparral
- City
- Brownsville
- County
- Cameron
- Days on market
- 68
- Listed
- Aug 22, 2026
- Last updated
- Aug 22, 2026, 12:42 PM CT
Key Figures
Price per ft²
$203
Source: MLS listing
Estimated rent
$2,000
Gross yield 11.2%
Asking rent: median of 27 active rentals, ZIP 78526, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026
Days on market
68
Source: MLS listing
- Est. fixed costs per month
- $573/mo Est.
- Cash to close with 25% down
- $60,200 Est.
- Est. cap rate
- 5.7% 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
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
- $24,000
- Gross yield: rent ÷ price, before costs
- 11.2%
- minus Vacancy (8% of gross rent) Assumption
- $1,920
- equals Rent collected
- $22,080
- minus Property tax Estimate
- $4,730
- minus Insurance Estimate
- $2,150
- minus HOA dues, 12 months Not provided
- $0
- minus Maintenance (5% of rent collected) Assumption
- $1,104
- minus Management (8% of rent collected) Assumption
- $1,766
- equals Net operating income (NOI)
- $12,330
- divided by Price MLS listing
- $215,000
- equals Cap rate
- 5.7%
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
- From a rent comparable:
- Your figures:
- Our estimates and assumptions: rent, 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
4853 Paseo Del Rey, Brownsville, TX 78526 Open in Google Maps (opens in a new tab)
- UTRGV Brownsville campus≈ 10 min approx.
- Gateway International Bridge≈ 10 min approx.
- B&M International Bridge≈ 10 min approx.
- Port of Brownsville≈ 15 min approx.
- Veterans International Bridge at Los Tomates≈ 15 min approx.
- South Padre Island (Queen Isabella Causeway)≈ 30 min approx.
- SpaceX Starbase launch site, Boca Chica≈ 35 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.
- Port of Brownsville
- SpaceX Starbase
- South Padre Island
- Brownsville
- Los Fresnos
- Rancho Viejo · Olmito
Base map data © OpenStreetMap
Financing for Foreign Buyers
Ricardo is not a lender. Ask him which loan types exist for foreign buyers and which documents lenders usually request.
Ask About This Property
- Phone / WhatsApp
- +1 (956) 592-5052
- [email protected]
- Website
- https://ricosalazar.com/
Message Received
Ricardo has your message and will reply through the channel you chose.
Open WhatsApp nowSingle-family home
Similar Properties
-
NewSingle-family home
5301 Oakley St
Brownsville, TX 78526
- 3 bd
- 3 ba
- 2,167 ft²
- 0.18 acres
Median asking rent $2,000/mo · Gross yield 6.2%
$389,900
$180/ft²
MLS# 29780583 · Listed by Octavio Javier Singlaterry, RE/MAX Sun Valley Realtors · Tel. 956-546-5053
NewSingle-family home
6205 Tepepan Dr.
Brownsville, TX 78520
- 4 bd
- 1 ba
- 1,280 ft²
- 0.11 acres
≈ 5 min · Port of Brownsville
$129,000
$101/ft²
MLS# 29780579 · Listed by Erica Casas, RCR Real Connect Realty · Tel. 956-443-0115
NewSingle-family home
5874 Hitching Post Dr.
Brownsville, TX 78526
- 3 bd
- 2 ba
- 2,161 ft²
- 0.2 acres
Median asking rent $2,000/mo · Gross yield 7.7%
$312,000
$144/ft²
MLS# 29780568 · Listed by Markell Wallace, KELLER WILLIAMS LRGV · Tel. 956-423-8877
NewSingle-family home
7533 Waverly Dr
Brownsville, TX 78520
- 3 bd
- 3 ba
- 1,887 ft²
- 0.16 acres
Median asking rent $1,800/mo · Gross yield 6.4%
$335,000
$178/ft²
MLS# 29780566 · Listed by Brandon Krupala, KELLER WILLIAMS LRGV · Tel. 956-423-8877
NewCondo / townhome
712-2 Continental Dr.
Brownsville, TX 78520
- 3 bd
- 3 ba
- 1,493 ft²
Median asking rent $1,800/mo · Gross yield 11.7%
$185,000
$124/ft²
MLS# 29780564 · Listed by Patricia Montemayor, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
NewSingle-family home
2304 Dorcas Circle
Brownsville, TX 78521
- 3 bd
- 3 ba
- 1,393 ft²
- 0.16 acres
Median asking rent $1,900/mo · Gross yield 9.1%
$250,000
$179/ft²
MLS# 29780560 · Listed by Octavio Javier Singlaterry, RE/MAX Sun Valley Realtors · Tel. 956-546-5053
Listing office: Coldwell Banker La Mansion Real Estate Brownsville
Listing agent: Yazmin Ramirez,
Office contact: 956-504-2727
MLS# 29778960 · Last updated
Contact
Get a Second Opinion
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.