REALTOR® · TREC #643769
Ricardo Salazar
RCR Real Connect Realty
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Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)
Investor sheet · MLS# 29780561 · https://ricosalazar.com/properties/514-rio-grande-dr-mission-tx-78572-29780561
Single-family home
514 Rio Grande Dr., Mission, TX 78572
$495,000
- bd
- 4
- ba
- 5
- ft²
- 3,380
MLS# 29780561 · Listed by Dalia Fernandez, Coldwell Banker La Mansion Real Estate Har · Tel. 956-425-7098
- TypeSingle-family home
- Year built2005
- Lot0.08 acres
- Price / ft²$146
- HOA / month$24
- B&M International Bridge≈ 75 min approx.
Description
Spacious luxury home in the desirable Cimarron Country Club area of Mission, TX. Offering 3,380 living sqft, this beautifully designed two-story residence features 4 bedrooms, 4 full bathrooms, and 1 half bath, including a private maid's quarters with its own restroom. Each bedroom offers a private bathroom for added comfort and privacy. The home welcomes you with a grand foyer, marble flooring, decorative ceilings, built-ins, abundant natural light, and a decorative accent wall. Designed for entertaining, it offers two living areas, an indoor bar, and an outdoor BBQ/bar area. The spacious kitchen features a double sink and ample storage. This smart home allows control of lighting, doors, audio, and appliances from your smartphone. The primary suite and an additional bedroom feature balcony access with beautiful resaca views. Conveniently located near Shary Rd, Expressway 83, shopping, dining, hospitals, and Sharyland ISD schools. A must-see home!
Property Details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29780561
- Price
- $495,000
- Price per ft²
- $146
- Bedrooms
- 4
- Bathrooms
- 5
- Living area
- 3,380 ft²
- Lot size
- 0.08 acres
- Year built
- 2005
- Subdivision
- Cimarron Country Club
- City
- Mission
- County
- Hidalgo
- HOA
- $24/mo
- Days on market
- 2
- Listed
- Oct 27, 2026
- Last updated
- Oct 27, 2026, 5:25 PM CT
Key Figures
Price per ft²
$146
Source: MLS listing
Days on market
2
Source: MLS listing
- Est. fixed costs per month
- $1,344/mo Est.
- Cash to close with 25% down
- $138,600 Est.
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 Not provided
- —
- Gross yield: rent ÷ price, before costs
- —
- minus Vacancy (8% of gross rent) Assumption
- —
- equals Rent collected
- —
- minus Property tax Estimate
- $10,890
- minus Insurance Estimate
- $4,950
- minus HOA dues, 12 months MLS listing
- $288
- minus Maintenance (5% of rent collected) Assumption
- —
- minus Management (8% of rent collected) Assumption
- —
- equals Net operating income (NOI)
- —
- divided by Price MLS listing
- $495,000
- equals Cap rate
- —
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:
- From a rent comparable:
- Your figures:
- Our estimates and assumptions:
- Not provided, counted as $0:
- Missing: the monthly rent. Enter it to get a cap rate.
- 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
514 Rio Grande Dr., Mission, TX 78572 Open in Google Maps (opens in a new tab)
- B&M International Bridge≈ 75 min approx.
- Gateway International Bridge≈ 75 min approx.
- UTRGV Brownsville campus≈ 75 min approx.
- Veterans International Bridge at Los Tomates≈ 75 min approx.
- Port of Brownsville≈ 80 min approx.
- South Padre Island (Queen Isabella Causeway)≈ 95 min approx.
- SpaceX Starbase launch site, Boca Chica≈ 100 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.
- Area (opens its page)
- International bridge
- Main highway
- Ship channel
Gateway Bridge to South Padre Island: ≈ 37 km (23 mi) in a straight line.
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
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Listing office: Coldwell Banker La Mansion Real Estate Har
Listing agent: Dalia Fernandez
Office contact: 956-425-7098
MLS# 29780561 · Last updated
Contact
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