BRRRR · Market playbook

How to BRRRR in San Antonio, TX

BRRRR in San Antonio is a 6.52% gross yield play — $1,365/mo rent on a $251k median. Whether that cash-flows depends on your debt cost.

DATA · Zillow Research (via scrape.do) · AS OF APRIL 2026

Workable 77/100

San Antonio is a workable BRRRR market — tight but bankable math on disciplined deals.

TL;DR — data signals
  • Gross yield 6.52% — above national baseline
  • Rent $1,365/mo vs. national $1,930 — rent-weak
  • DSCR expectation at 75% LTV / 7.5%: 1.20+ comfortable
  • Appreciation risk to refi: flat — neutral

Start with the gross math. San Antonio's typical home value is $251,035; ZORI (Zillow's rent index) sits at $1,365/mo. That's 6.52% gross annual yield. That's well above the national 4-5% baseline — meaningful cushion for a BRRRR to pencil even at today's debt cost.

Run the DSCR sanity check. Assume 75% LTV refi at 7.5% interest, 30-year, plus taxes + insurance + 8% PM + 8% vacancy/capex reserve. On these inputs you should clear DSCR 1.20+ in San Antonio with comfortable headroom. Cash-flow at $200-400/door is achievable on a properly underwritten property.

Rent demand color: San Antonio rents ($1,365) sit 29% below the national median ($1,930). Local rent is the constraint here — even at favorable acquisition prices, the rent side of the math is the limiting factor.

Refi appraisal risk: San Antonio home values are flat YoY — refi appraisals should support your renovated comp on a properly scoped rehab. No softening tailwind to worry about, no appreciation tailwind to lean on.

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San Antonio at a glance

The numbers behind the analysis.

$251k
Median value
-2.4%
YoY
$1,365
Median rent
6.52%
Gross yield
Full San Antonio market report
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