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

Investor sheet · MLS# 29780462 · https://ricosalazar.com/properties/7506-lake-havasu-brownsville-tx-78520-29780462

7506 Lake Havasu, Brownsville: photo 1 of 1

For sale

$275,999

7506 Lake Havasu, Brownsville, TX 78520

bd: 3
ba: 3
ft²: 1,500

Est. cap rate 3.1% See the numbers →

MLS# 29780462 · Listed by Octavio Javier Singlaterry, RE/MAX Sun Valley Realtors · Tel. 956-546-5053

TypeSingle-family home
Year built2026
Lot0.13 acres
Price / ft²$184
Est. rent$1,800/mo Est.
Gateway International Bridge≈ 15 min approx.

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Description

This beautiful pre-construction home will offer 3 bedrooms, 2.5 bathrooms, an open-concept layout, porcelain tile floors, quartz countertops in the kitchen and bathrooms, LED lighting, and tall ceilings at the main entrance that will create a great sense of space. The home has not yet been built and is expected to be completed in approximately 4-5 months. However, there are other homes by the same builder that are nearly completed and available to tour as a reference, although they are already under contract. The home will include front lawn only and will be delivered with a fully fenced backyard. Renderings shown are for illustrative purposes and are intended to closely represent the final home; some finishes, colors, materials, and details may vary slightly upon completion. Located in Summer Lakes Phase II, the property will offer excellent access to Expressway 77/83, Sunrise Mall, shopping, restaurants, hospitals, schools, the Port of Brownsville, SpaceX, and LNG plants.

Property details

Type: Single-family home · Single Family Residence
Status: For sale
MLS#: 29780462
Price: $275,999
Price per ft²: $184
Bedrooms: 3
Bathrooms: 3
Living area: 1,500 ft²
Lot size: 0.13 acres
Year built: 2026
Subdivision: Summer Lakes Phase Iii
City: Brownsville
County: Cameron
Days on market: 5
Listed: Oct 23, 2026
Last updated: Oct 23, 2026, 1:21 PM CT

Numbers for investors

Price per ft²

$184

Source: MLS listing

Estimated rent

$1,800/mo

Gross yield 7.8%

Asking rent: median of 15 active rentals, ZIP 78520, 3 bedrooms (not signed leases) · RGV MLS, Oct 28, 2026

Days on market

Source: MLS listing

Est. fixed costs per month: $736/mo Est.
Cash to close with 25% down: $77,280 Est.
Est. cap rate: 3.1% 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.

Investment calculator · Estimates

What could it earn?

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 15 active rentals, ZIP 78520, 3 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.

−$672

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

3.1% How it’s calculated

−10.4%

Estimated monthly cost

Mortgage $1,377
Tax $506
Insurance $230
HOA $0
Operations $215

Mortgage payment (P&I): $1,377/mo
Rent after vacancy: $1,656/mo
Total monthly cost: $2,328/mo
Net operating income (NOI): $8,457/yr
Down payment: $69,000
Closing costs (est.): $8,280
Cash needed at closing: $77,280

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: $21,600
Gross yield: rent ÷ price, before costs: 7.8%
minus Vacancy (8% of gross rent) Assumption: $1,728
equals Rent collected: $19,872
minus Property tax Estimate: $6,072
minus Insurance Estimate: $2,760
minus HOA dues, 12 months Not provided: $0
minus Maintenance (5% of rent collected) Assumption: $994
minus Management (8% of rent collected) Assumption: $1,590
equals Net operating income (NOI): $8,457
divided by Price MLS listing: $275,999
equals Cap rate: 3.1%

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: 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

7506 Lake Havasu, Brownsville, TX 78520 Open in Google Maps (opens in a new tab)

Gateway International Bridge≈ 15 min approx.
UTRGV Brownsville campus≈ 15 min approx.
B&M International Bridge≈ 15 min approx.
Veterans International Bridge at Los Tomates≈ 15 min approx.
Port of Brownsville≈ 15 min approx.
South Padre Island (Queen Isabella Causeway)≈ 35 min approx.
SpaceX Starbase launch site, Boca Chica≈ 35 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.