Cap rates, rent trends, and underwriting benchmarks for San Antonio apartment investors.
San Antonio offers higher yields than Austin or Dallas with steady military (JBSA) and healthcare employment. The Pearl District and Southtown see urban revival. North San Antonio along the 281 corridor attracts new development. Affordable cost of living supports occupancy.
Regional and national banks active. 1.25x DSCR standard. Insurance costs rising but still below Houston levels. Good value-add lending environment.
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