BRRRR in San Antonio, Texas

Local Snapshot — San Antonio, Texas

San Antonio combines affordability with steady growth potential, supported by military presence, healthcare sector, and tourism industry. Lower acquisition costs and competitive rental yields make it attractive for new BRRRR investors. Military housing allowances provide rental floor, enhancing cash flow predictability.

Last updated: 2024-09-24

Sources: Tax• Vacancy• DOM

Local BRRRR Notes

• Inventory & comps: Verify comparable sales supporting your ARV; track days on market and supply trends.
• Rent checks: Confirm realistic rent using multiple sources; underwrite concessions and lease‑up time.
• Permit timelines: Speak with local building departments for scope‑specific requirements.
• Contractor bench: Line up multiple bids and references; enforce clear milestone payments.
• Exit & DSCR: Size loan proceeds under conservative DSCR and rate scenarios.

Talk to a financing specialist to structure your deal.

Financing Benchmarks

• Target DSCR ≥ 1.25–1.35x given Texas's stable rental markets and growth potential.
• Purchase LTV typically 75–85% for experienced investors in primary metros.
• Refi LTV commonly 70–80% subject to ARV appraisal and market conditions.
• Seasoning requirements 6–12 months; some lenders offer 3-month programs for seasoned investors.
• Carry 12–18% rehab contingency due to recent material and labor cost volatility.
• Maintain 8–12 months reserves; Texas markets can absorb rate fluctuations well.
• Cash-out refinance proceeds often 75–85% of ARV depending on market and property type.