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# 29778946 · https://ricosalazar.com/properties/5816-pelican-ave-mission-tx-78573-29778946
Single-family home
5816 Pelican Ave., Mission, TX 78573
$339,000
- bd
- 4
- ba
- 4
- ft²
- 2,000
MLS# 29778946 · Listed by Diana Martinez-Moon, RE/MAX Platinum · Tel. 956-668-8555
- TypeSingle-family home
- Year built2020
- Lot0.13 acres
- Price / ft²$170
- HOA / month$117
- B&M International Bridge≈ 75 min approx.
Description
Refined, peaceful and move-in ready—this Sharyland-area home offers the kind of setting that feels like a retreat from the moment you arrive. Located within a gated community, this beautifully maintained 4-bedroom, 3.5-bath residence offers approx. 2,000 sq. ft. of thoughtfully designed living space and modern comfort. The versatile floor plan includes a junior suite with its own bath, ideal for guests, multigenerational living or added privacy. Elegant interiors create a warm, serene atmosphere, while the private porch and lush landscaping offer a quiet space to unwind. Enjoy the convenience of an HOA-maintained front yard and a community pool just a few homes away. With an efficient layout that makes excellent use of every square foot, this home combines privacy, comfort and low-maintenance living with convenient access to Sharyland schools, shopping, dining and everyday amenities. A beautiful opportunity to experience gated living in one of the Valley's most desirable areas.
Property Details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29778946
- Price
- $339,000
- Price per ft²
- $170
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 2,000 ft²
- Lot size
- 0.13 acres
- Year built
- 2020
- Subdivision
- Las Villas Del Rio At The Groves On Shary
- City
- Mission
- County
- Hidalgo
- HOA
- $117/mo
- Days on market
- 69
- Listed
- Aug 21, 2026
- Last updated
- Aug 21, 2026, 9:19 PM CT
Key Figures
Price per ft²
$170
Source: MLS listing
Days on market
69
Source: MLS listing
- Est. fixed costs per month
- $1,021/mo Est.
- Cash to close with 25% down
- $94,920 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
- $7,458
- minus Insurance Estimate
- $3,390
- minus HOA dues, 12 months MLS listing
- $1,404
- minus Maintenance (5% of rent collected) Assumption
- —
- minus Management (8% of rent collected) Assumption
- —
- equals Net operating income (NOI)
- —
- divided by Price MLS listing
- $339,000
- 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
5816 Pelican Ave., Mission, TX 78573 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
Ricardo has your message and will reply through the channel you chose.
Open WhatsApp nowSingle-family home
Similar Properties
-
NewSingle-family home
514 Rio Grande Dr.
Mission, TX 78572
- 4 bd
- 5 ba
- 3,380 ft²
- 0.08 acres
≈ 75 min · B&M International Bridge
$495,000
$146/ft²
MLS# 29780561 · Listed by Dalia Fernandez, Coldwell Banker La Mansion Real Estate Har · Tel. 956-425-7098
Single-family home
513 Ramirez Ln.
Mission, TX 78573
- 4 bd
- 3 ba
- 2,296 ft²
- 0.17 acres
≈ 75 min · B&M International Bridge
$315,000
$137/ft²
MLS# 29780312 · Listed by Melissa Farias, Fox Real Estate Pros · Tel. 956-280-0405
Price cut $1Condo / townhome
2606 Solar Dr.
Mission, TX 78574
- 3 bd
- 3 ba
- 1,762 ft²
≈ 75 min · B&M International Bridge
$339,999
$193/ft²
MLS# 29779744 · Listed by Alejandro Calzada, Calzada Real Estate LLC · Tel. 956-223-9459
Price cut $5KSingle-family home
2604 Solar Dr.
Mission, TX 78574
- 3 bd
- 3 ba
- 1,778 ft²
- 0.01 acres
≈ 75 min · B&M International Bridge
$349,999
$197/ft²
MLS# 29779739 · Listed by Alejandro Calzada, Calzada Real Estate LLC · Tel. 956-223-9459
Single-family home
1600 Lakeside Dr.
Mission, TX 78572
- 3 bd
- 2 ba
- 1,274 ft²
- 0.1 acres
≈ 75 min · B&M International Bridge
$185,000
$145/ft²
MLS# 29779319 · Listed by Paola De Leon, Grand Realty & Associates, LLC · Tel. 956-900-1223
Single-family home
3304 San Clemente
Mission, TX 78572
- 4 bd
- 4 ba
- 3,554 ft²
- 0.2 acres
≈ 70 min · B&M International Bridge
$369,900
$104/ft²
MLS# 29779264 · Listed by Hector Cardoza, Altus Real Estate Group, LLC · Tel. 956-408-8351
Listing office: RE/MAX Platinum
Listing agent: Diana Martinez-Moon
Office contact: 956-668-8555
MLS# 29778946 · Last updated
Contact
Get a Second Opinion
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.