San Antonio investors often target affordable single-family rentals, duplex stock, and modest garden apartments anchored by military, healthcare, and hospitality employment.
Talk through a propertySan Antonio and Bexar County carry lower price points than Austin or DFW, with more value-add fourplexes and 6 to 10 unit buildings than mid-rise stock. Underwriting still splits by unit count: four units or fewer on residential DSCR, five to ten on small multifamily, eleven plus on apartment DSCR.
Property taxes still reassess after sale, and scattered portfolios across north, west, and south sides are common. Capituro matches each property to the right program lane based on unit count, income type, and stabilization status.
Wide areas of the north, west, and south sides offer 1,200 to 1,900 square foot rentals often purchased between $180K and $320K. DSCR minimum loan sizes of $300K may require appropriate leverage when purchase prices are modest.
Older duplex and fourplex stock near downtown, Tobin Hill, and corridor neighborhoods is common investor inventory. Cash out after rehab often routes through 1 to 4 Unit DSCR with documented renovation spend.
Six to twelve unit buildings appear along Bandera, Military Drive, and older inner corridors. Apartment buildings from 5 units up fit Apartment DSCR. Interest-Only Apartment Loans are the fit when you want the payment to stay interest-only.
Interest-only for up to the full term on an apartment building, often for more cash out.
Program detailsStabilized small apartments along San Antonio corridors.
Program detailsPull equity after stabilization on value-add residential and small multifamily.
Program detailsRetail and office on highway and neighborhood commercial strips.
Program detailsEntry rentals and small residential value-add exits across Bexar County.
Program detailsBexar County appraisal districts reset values toward recent sales. Underwrite DSCR with the expected post-purchase tax bill, not the seller's historical rate.
Purchase prices may be modest while DSCR minimums start at $300K residential and $500K on small multifamily. Leverage and property selection may need adjustment.
Stable military-affiliated tenancy can support income documentation, but leases and collections still need to show actual rent supporting the payment.
