REALTOR® · TREC #643769
Ricardo Salazar
RCR Real Connect Realty
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Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)
Investor sheet · MLS# 29780634 · https://ricosalazar.com/properties/800-w-spruce-ave-la-feria-tx-78559-29780634
Single-family home
800 W Spruce Ave. #15, La Feria, TX 78559
$105,000
- bd
- 3
- ba
- 1
- ft²
- 1,024
MLS# 29780634 · Listed by Ryan De La Rosa, LEGACY REALTY GROUP RGV · Tel. 956-496-2034
- TypeSingle-family home
- Year built1960
- Lot0.13 acres
- Price / ft²$103
- Gateway International Bridge≈ 40 min approx.
Description
Full of potential and ready for a fresh vision! This 2-bedroom, 1 extra room, 1-bath property is located in the heart of La Feria and features a flexible bonus room with room to make it your own. It needs plenty of TLC, but the possibilities are there—renovate it into a rental investment or create a starter home with your personal touch. Bring your vision and explore the potential this property has to offer!
Property Details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29780634
- Price
- $105,000
- Price per ft²
- $103
- Bedrooms
- 3
- Bathrooms
- 1
- Living area
- 1,024 ft²
- Lot size
- 0.13 acres
- Year built
- 1960
- Subdivision
- Raliegh Court
- City
- La Feria
- County
- Cameron
- Days on market
- 0
- Listed
- Oct 29, 2026
- Last updated
- Oct 29, 2026, 8:10 PM CT
Key Figures
Price per ft²
$103
Source: MLS listing
Days on market
0
Source: MLS listing
- Est. fixed costs per month
- $280/mo Est.
- Cash to close with 25% down
- $29,400 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
- $2,310
- minus Insurance Estimate
- $1,050
- minus HOA dues, 12 months Not provided
- $0
- minus Maintenance (5% of rent collected) Assumption
- —
- minus Management (8% of rent collected) Assumption
- —
- equals Net operating income (NOI)
- —
- divided by Price MLS listing
- $105,000
- 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
800 W Spruce Ave. #15, La Feria, TX 78559 Open in Google Maps (opens in a new tab)
- Gateway International Bridge≈ 40 min approx.
- B&M International Bridge≈ 40 min approx.
- UTRGV Brownsville campus≈ 40 min approx.
- Veterans International Bridge at Los Tomates≈ 40 min approx.
- Port of Brownsville≈ 45 min approx.
- South Padre Island (Queen Isabella Causeway)≈ 55 min approx.
- SpaceX Starbase launch site, Boca Chica≈ 65 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
- rico.salazar20@gmail.com
- Website
- https://ricosalazar.com/
Message Received
Ricardo has your message and will reply through the channel you chose.
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Listing office: LEGACY REALTY GROUP RGV
Listing agent: Ryan De La Rosa
Office contact: 956-496-2034
MLS# 29780634 · Last updated
Contact
Get a Second Opinion
Ricardo can review the numbers, the area and the next steps with you, in Spanish or English.