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

Investor sheet · MLS# 29779517 · https://ricosalazar.com/properties/522-m-st-harlingen-tx-78550-29779517

For sale

Single-family home

522 M St., Harlingen, TX 78550

$130,000

bd: 2
ba: 1
ft²: 849

Est. cap rate 3.4% See the numbers →

MLS# 29779517 · Listed by Amanda Bishop, Dominion Real Estate · Tel. 956-627-3589

TypeSingle-family home
Year built1976
Lot0.13 acres
Price / ft²$153
Est. rent$900/mo Est.
Gateway International Bridge≈ 35 min approx.

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Description

This inviting residence features approximately 900 square feet of living space with recent improvements that help set it apart. The updated kitchen offers a fresh, modern feel and serves as the heart of the home, while the renovated living areas provide a comfortable space for relaxing or entertaining family and friends. Major updates include a newer roof and foundation leveling, giving buyers added confidence and peace of mind. Outside, the spacious two-car carport provides convenient covered parking and additional storage possibilities. Located just minutes from Expressway 83/I-69E, this home offers quick access to shopping, dining, schools, medical facilities, and all that Harlingen has to offer. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment property, this home presents an excellent opportunity at an affordable price point.

Property Details

Type: Single-family home · Single Family Residence
Status: For sale
MLS#: 29779517
Price: $130,000
Price per ft²: $153
Bedrooms: 2
Bathrooms: 1
Living area: 849 ft²
Lot size: 0.13 acres
Year built: 1976
Subdivision: Mclarry
City: Harlingen
County: Cameron
Days on market: 46
Listed: Sep 13, 2026
Last updated: Sep 14, 2026, 11:50 AM CT

Key Figures

Price per ft²

$153

Source: MLS listing

Estimated rent

$900/mo

Gross yield 8.3%

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: $347/mo Est.
Cash to close with 25% down: $36,400 Est.
Est. cap rate: 3.4% 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.

Estimates Only

Investment Calculator

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

If the property has an HOA, enter the monthly dues.

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.

−$275

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

3.4% How it’s calculated

−9.1%

Estimated monthly cost

Mortgage $649
Tax $238
Insurance $108
HOA $0
Operations $108

Mortgage payment (P&I): $649/mo
Rent after vacancy: $828/mo
Total monthly cost: $1,103/mo
Net operating income (NOI): $4,484/yr
Down payment: $32,500
Closing costs (est.): $3,900
Cash needed at closing: $36,400

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: 8.3%
minus Vacancy (8% of gross rent) Assumption: $864
equals Rent collected: $9,936
minus Property tax Estimate: $2,860
minus Insurance Estimate: $1,300
minus HOA dues, 12 months Not provided: $0
minus Maintenance (5% of rent collected) Assumption: $497
minus Management (8% of rent collected) Assumption: $795
equals Net operating income (NOI): $4,484
divided by Price MLS listing: $130,000
equals Cap rate: 3.4%

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

522 M St., Harlingen, TX 78550 Open in Google Maps (opens in a new tab)

Gateway International Bridge≈ 35 min approx.
B&M International Bridge≈ 35 min approx.
UTRGV Brownsville campus≈ 35 min approx.
Port of Brownsville≈ 35 min approx.
Veterans International Bridge at Los Tomates≈ 35 min approx.
South Padre Island (Queen Isabella Causeway)≈ 45 min approx.
SpaceX Starbase launch site, Boca Chica≈ 55 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

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.

Financing for Foreign Buyers

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

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

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Phone / WhatsApp: +1 (956) 592-5052
Email: [email protected]
Website: https://ricosalazar.com/

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