Buying Single Family House in San Antonio TX

[Abebayehu Gechere]

Hello,

Do you guys think it is possible to get the renters easily if I buy a house that worth 300k in San Antonio?

I am planning to buy a Single Family House that I will live in it for maybe one year and latter I do it a rental property. I liked the new houses here in San Antonio. The houses that I liked are around 300k in the nice area with great school rates. I am planning to put 5 % down payment.

If I buy the house with price range 290k-300k and if I want to rent it out, I am afraid that I might not get the renters easily because the monthly rent will be high.

Do you guys think it is possible to get the renters easily if I buy a house that worth 300k in San Antonio?

Please please advise.

Thank you!!!

[Will Pritchett]

@Abebayehu Gechere I choose lower priced rentals because of the price to rent ratio being favorable and the demand for them. I’m not sure how much demand there is for rentals at this price point. What do you predict it would rent for? Why this price point? Do you need cash flow or is this an appreciation play? I doubt you’ll see cash flow at that price point with that low of a down payment. Just my two cents.

Good luck