I am looking at a duplex in Seguin at jefferson community. It seems to be a good cash flow for a 10/1 ARM loan and can generate more if interest rates drop. Each unit asking rent is 1500/month. I wanted to know if anyone familiar with the Seguin area can comment on growth prospects and rental demand in this area?
Seguin is attracting many large manufacturing companies which is stimulating growth for the city. Its location to San Antonio is extremely attractive as well. With the current affordable housing shortage rental needs are projected to continue. Rent growth is projected to continue as well with the demand for rentals in the area. Looking at rental stats from the mls from the last 12 months, rentals in Seguin that rented within 1395-1595 were on market for 16 days(median). Median days on market for the Greater San Antonio region within the 1395-1595 rented range was 30 days.