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# 29776263 · https://ricosalazar.com/properties/los-fresnos-tx-29776263
$249,500
Price cut $10.4KProperty in Los Fresnos, TX
The seller withheld the street address from internet display. Ask Ricardo for it.
- bd
- 3
- ba
- 2
- ft²
- 1,408
MLS# 29776263 · Listed by Sandra Hamrick, Real Estate Outfitters Inc · Tel. 956-346-3034
- TypeSingle-family home
- Year built2000
- Lot0.14 acres
- Price / ft²$177
Description
Charming 3-bedroom, 2-bath home conveniently located near top-rated schools, shopping centers, restaurants, and everyday amenities. This well-maintained property offers a spacious layout, comfortable living areas, and a great neighborhood setting perfect for families or first-time buyers. Enjoy easy access to parks, dining, and major roads while still having the comfort of a quiet residential area. A wonderful place to call home! Offering $5,000.00 Sellers Concessions!
Property details
- Type
- Single-family home · Single Family Residence
- Status
- For sale
- MLS#
- 29776263
- Price
- $249,500
- Price per ft²
- $177
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,408 ft²
- Lot size
- 0.14 acres
- Year built
- 2000
- City
- Los Fresnos
- County
- Cameron
- Days on market
- 175
- Listed
- May 7, 2026
- Last updated
- Oct 3, 2026, 4:00 PM CT
Numbers for investors
Price per ft²
$177
Source: MLS listing
Days on market
175
Source: MLS listing
- Est. fixed costs per month
- $665/mo Est.
- Cash to close with 25% down
- $69,860 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
- —
- Gross yield: rent ÷ price, before costs
- —
- minus Vacancy (8% of gross rent) Assumption
- —
- equals Rent collected
- —
- minus Property tax Estimate
- $5,489
- minus Insurance Estimate
- $2,495
- 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
- $249,500
- 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
Los Fresnos, 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.
- Port of Brownsville
- SpaceX Starbase
- South Padre Island
- Brownsville
- Los Fresnos
- Rancho Viejo · Olmito
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/
Single-family home · Los Fresnos
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Listing office: Real Estate Outfitters Inc
Listing agent: Sandra Hamrick
Office contact: 956-346-3034
MLS# 29776263 · 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.