Gut check help! - San Antonio Rental

[John T.]

I just went under contract on a house just north of Lackland but feeling buyers remorse ... nervous about the rental market in this area. 

Could I reasonably get $1.3k for a 3/2, 1400sqft, generally nice house? If you need any more details, happy to share. I just don't want to publish the address here.

[Seth Teel]

@John T.

Assuming you are buying in Lackland Terrace or Valley Hi, I think $1300/month may be tough to get.  Not impossible, just higher than the norm.  I just ran rental comps in these two neighborhoods for the last 24 months: 

Lackland Terrace tops out about $1100/month.  Valley Hi/Lackland City is topping out around $1000/month.

Of note, this area has been appreciating both in property value and rental rates over the last few years. It appears to continue to be on the rise. This area has a high rental rate, and most of these leases are filled with Craigslist posts, word of mouth, or a sign in the yard. This could scew the comps I pulled from the MLS. Additionally, If don't speak Spanish, make sure your Property Manager does.