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# 29780815 · https://ricosalazar.com/properties/la-feria-tx-29780815
Single-family home
Property in La Feria, TX
The seller withheld the street address from internet display. Ask Ricardo for it.
$265,000
- bd
- 3
- ba
- 3
- ft²
- 1,538
MLS# 29780815 · Listed by Zintiha Loya, KELLER WILLIAMS LRGV · Tel. 956-423-8877
- TypeSingle-family home
- Year built2026
- Lot0.16 acres
- Price / ft²$172
Description
Beautiful new construction at 408 Faith in La Feria, offered at $265,000! This 3-bedroom, 2.5-bath home features 1,538 square feet of living space and a 2-car garage. The open-concept living area showcases decorative tray ceilings, recessed lighting, and wood-look tile flooring. The kitchen features white cabinetry, contrasting black hardware, veined countertops, a center island with a sink, pendant lighting, and a convenient pot filler. An adjoining dining area creates a welcoming space for everyday meals and entertaining. The primary suite offers a double vanity, a glass-enclosed walk-in shower with rainfall and handheld fixtures, and closet storage with built-in shelving and drawers. A dedicated laundry room and built-in mudroom bench add everyday convenience. A stone-accented exterior completes this stylish home. Schedule your showing today!
Property Details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29780815
- Price
- $265,000
- Price per ft²
- $172
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,538 ft²
- Lot size
- 0.16 acres
- Year built
- 2026
- City
- La Feria
- County
- Cameron
- Days on market
- 0
- Listed
- Nov 6, 2026
- Last updated
- Nov 6, 2026, 10:32 AM CT
Key Figures
Price per ft²
$172
Source: MLS listing
Days on market
0
Source: MLS listing
- Est. fixed costs per month
- $707/mo Est.
- Cash to close with 25% down
- $74,200 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.
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
- $5,830
- minus Insurance Estimate
- $2,650
- 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
- $265,000
- 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
La Feria, TX Open in Google Maps (opens in a new tab)
Drive times are shared together with the exact address, on request.
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/
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Office contact: 956-423-8877
MLS# 29780815 · Last updated
Contact
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