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# 29779724 · https://ricosalazar.com/properties/5510-austin-rd-brownsville-tx-78521-29779724

For sale

Single-family home

5510 Austin Rd., Brownsville, TX 78521

$345,000

bd
4
ba
3
ft²
2,110
Est. cap rate 3.8% See the numbers →

MLS# 29779724 · Listed by Jessica Puente Bradshaw, LPT Realty LLC · Tel. 877-366-2213

  • TypeSingle-family home
  • Year built1986
  • Lot0.26 acres
  • Price / ft²$164
  • Est. rent$2,500/mo Est.
  • Port of Brownsville≈ 5 min approx.
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Description

Fresh paint, quartz countertop, porcelain tile, well-maintained 4BR/3BA home with attached guest suite w/private entrance, bedroom, full bath and kitchen—ideal for extended family or income potential/airbnb. Minutes from SpaceX, with ample parking, a remote-controlled gate, fruit trees, brick BBQ patio, and screened outdoor kitchen with gas griddle. Roof replaced within the last 5yrs. All appliances & furniture(except personal items). Viva, trabaje, disfrute y cultive aqu! Casa principal 4/3 bien cuidada y recien pintada, vivienda anexa con entrada privada, recamara, bao y cocina—ideal para familia extendida o ingreso potencial. A minutos de SpaceX, con amplio estacionamiento, porton electrico, arboles de nuez, mango y citricos, asador de ladrillo y porche con mosquitero y plancha de gas. Techo reemplazado. Electrodomsticos incluidos; muebles. A rare, flexible property on .257ac 11,195sqft). Come see it! Venga a conocerla!

Property Details

Type
Single-family home · Single Family Residence
Status
For sale
MLS#
29779724
Price
$345,000
Price per ft²
$164
Bedrooms
4
Bathrooms
3
Living area
2,110 ft²
Lot size
0.26 acres
Year built
1986
Subdivision
Chicago Gardens
City
Brownsville
County
Cameron
Days on market
37
Listed
Sep 22, 2026
Last updated
Oct 26, 2026, 2:54 PM CT

Key Figures

Price per ft²

$164

Source: MLS listing

Estimated rent

$2,500/mo

Gross yield 8.7%

Asking rent: median of 5 active rentals, ZIP 78521, 4 bedrooms (not signed leases) · RGV MLS, Oct 29, 2026

Days on market

37

Source: MLS listing

Est. fixed costs per month
$920/mo Est.
Cash to close with 25% down
$96,600 Est.
Est. cap rate
3.8% 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.

Estimates Only

Investment Calculator

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 5 active rentals, ZIP 78521, 4 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

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 Estimate
$30,000
Gross yield: rent ÷ price, before costs
8.7%
minus Vacancy (8% of gross rent) Assumption
$2,400
equals Rent collected
$27,600
minus Property tax Estimate
$7,590
minus Insurance Estimate
$3,450
minus HOA dues, 12 months Not provided
$0
minus Maintenance (5% of rent collected) Assumption
$1,380
minus Management (8% of rent collected) Assumption
$2,208
equals Net operating income (NOI)
$12,972
divided by Price MLS listing
$345,000
equals Cap rate
3.8%

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
  • Our estimates and assumptions: rent, 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

5510 Austin Rd., 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

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

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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About: 5510 Austin Rd. · MLS# 29779724

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Listing office: LPT Realty LLC

Listing agent: Jessica Puente Bradshaw

Office contact: 877-366-2213

MLS# 29779724 · Last updated

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$345,000Est. cap rate 3.8%

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5510 Austin Rd., Brownsville, TX 78521 · MLS# 29779724