|Price/Rent PSF||$ 59,882,078.00|
|SQ. FT. Available||59,882,078|
San Antonio is a large city in the state of Texas, with an estimated 2017 population of 1,511,946 residents and 322 constituent neighborhoods, making it the second largest community in Texas. The neighborhood is diverse with a mixture of residents who are salespeople and office workers, service providers, and professionals. Majority of San Antonio residents work in office and administrative support (14.71%), sales jobs (11.25%), and management occupations (8.39%). According, to NeighborhoodScout© there are also more people who work with computers and math in San Antonio (95%), compared to other places in the United States. The median household income for San Antonio, according to the US Census, is $49,711.
According to US News, San Antonio was ranked #8 in Best Places to Retire and the median home price is $211,800. In addition, in 2015, the city was ranked #50 by Forbes magazine on their list of the “Best Places for Business and Careers" along with #15 as the best market for job growth. The city homes the headquarters of over six Fortune 500 companies and one of the largest private sector companies in the US. Of interest, according to the US Bureau of Economic Analysis, in 2015 the San Antonio MSA GDP was at approximately $96.8 billion, ranking the city fourth in Texas and 38th in the United States. The city is also home to several active military installations, creating a strong economic impact of $5.25 billion and employing 89,000 residents.
This San Antonio-based dynamic portfolio offers a number of homes available for purchase that change on a weekly basis. This portfolio consists of newly completed and soon to be completed properties in which the seller adds or removes properties continuously. This dynamic portfolio is cherry-pickable with a minimum purchase of five homes, allowing an investor to select only those homes that meet their specific investment criteria. With the ability to customize the portfolio, investors can purchase in bulk directly from the seller and create the highest yields and returns on SFRhub.com.
The seller is a well respected public builder who has designed a new home series specifically for the rental home investor. The homes are sized to better fit rental criteria, with more efficient finish levels. The seller is a national, public builder, able to scale to meet demand across multiple MSAs and able to complete homes as agreed to with a buyer. There is also an opportunity to refine the finish level specifications on homes not yet under construction to further match an investors specification. The homes are located in desirable subdivisions and locations around metro San Antonio.
The San Antonio market is currently growing in both employment rates (2.2%) and household size (2.4%), according to *John Burns Real Estate Consulting. Home occupancy rates are at an incredibly high rate of 93.4%. The median single-family rent is approximately $1,395 per month, with a year-over-year growth of 3.1% from 2018.