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# 29779575 · https://ricosalazar.com/properties/6235-camelot-dr-harlingen-tx-78550-29779575
$190,000
6235 Camelot Dr., Harlingen, TX 78550
- units
- 2
- bd
- 2
- ba
- 2
- ft²
- 1,552
MLS# 29779575 · Listed by Frank Strubhart, STRUBHART REAL ESTATE, LLC · 956-230-1228, [email protected]
- TypeIncome property
- Year built1988
- Lot0.08 acres
- Price / ft²$122
- HOA / month$254
- Gateway International Bridge≈ 30 min approx.
Description
This is your chance to live in the unique community of Camelot Village. The family friendly village close to the medical center with lots of activities and events that you can enjoy. This is one of the larger two bedroom two bath homes with updates and a one car garage. Come take a look at this home and the lodge. This is not an over 55 community all are welcome.
Property details
- Type
- Income property · Duplex
- Status
- For sale
- MLS#
- 29779575
- Price
- $190,000
- Price per ft²
- $122
- Units
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,552 ft²
- Lot size
- 0.08 acres
- Year built
- 1988
- Subdivision
- Camelot Retirement Community
- City
- Harlingen
- County
- Cameron
- HOA
- $254/mo
- Days on market
- 44
- Listed
- Sep 15, 2026
- Last updated
- Sep 15, 2026, 12:19 PM CT
Numbers for investors
Price per ft²
$122
Source: MLS listing
Days on market
44
Source: MLS listing
- Est. fixed costs per month
- $761/mo Est.
- Cash to close with 25% down
- $53,200 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.
Investment calculator · Estimates
What could it earn?
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
- —
- Rent per unit (2 units), per month
- —
- Gross yield: rent ÷ price, before costs
- —
- minus Vacancy (8% of gross rent) Assumption
- —
- equals Rent collected
- —
- minus Property tax Estimate
- $4,180
- minus Insurance Estimate
- $1,900
- minus HOA dues, 12 months MLS listing
- $3,048
- minus Maintenance (5% of rent collected) Assumption
- —
- minus Management (8% of rent collected) Assumption
- —
- equals Net operating income (NOI)
- —
- divided by Price MLS listing
- $190,000
- equals Cap rate
- —
Amounts are rounded to the dollar; the cap rate uses the exact figures.
Is it accurate?
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
6235 Camelot Dr., Harlingen, TX 78550 Open in Google Maps (opens in a new tab)
- Gateway International Bridge≈ 30 min approx.
- B&M International Bridge≈ 30 min approx.
- UTRGV Brownsville campus≈ 30 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.
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
Buying from Mexico with a loan?
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/
Income property · Harlingen
Similar properties
Income property Income$330,000
$204/ft²
2 units · 1,615 ft² · Built 2025
1717 Clinton St ##18, Harlingen
Gross income $2,590/mo
MLS# 29780164 · Listed by Zintiha Loya, KELLER WILLIAMS LRGV · Tel. 956-423-8877
Income property$189,900
$79/ft²
7 units · 2,408 ft² · Built 1993
1110 E Madison Ave, Harlingen
MLS rent $1,300/mo · may be incomplete
MLS# 29780080 · Listed by Dalia Hernandez, Rio Realty · Tel. 956-312-8562
Income property$380,000
$95/ft²
4 units · 4,006 ft² · Built 2007
1722 Stone Dr., Harlingen
MLS rent $1,000/mo · may be incomplete
MLS# 29779946 · Listed by Mario Salinas, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
Income property$449,900
$141/ft²
2 units · 3,186 ft² · Built 2023
2005 New Combes Rd, Harlingen
≈ 35 min · Gateway International Bridge
MLS# 29779816 · Listed by Esther Ortega, KELLER WILLIAMS LRGV · Tel. 956-423-8877
Income property$339,500
$137/ft²
2 units · 2,474 ft² · Built 2026
806 Saint St, Harlingen
≈ 40 min · Gateway International Bridge
MLS# 29779787 · Listed by Jeffrey Razo, Coldwell Banker La Mansion Real Estate Brownsville · Tel. 956-504-2727
Income property Income$813,000
$138/ft²
6 units · 5,880 ft² · Built 2003
1801 Midlane Dr., Harlingen
Gross income $5,700/mo
MLS# 29779738 · Listed by Myra Garcia, The Agency Austin · Tel. 512-607-5113
Listing office: STRUBHART REAL ESTATE, LLC
Listing agent: Frank Strubhart
Office contact: 956-230-1228, [email protected]
MLS# 29779575 · Last updated
Want a second opinion on this one?
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.