San Antonio Short-Term Rental
Investment Opportunities

To calculate STR ROI in San Antonio: start with projected annual revenue (use our neighborhood data), subtract operating expenses (typically 35–45% of revenue including cleaning, supplies, utilities, insurance, and property management), then divide net operating income by your total investment (down payment + closing costs + furnishing). A typical San Antonio 3-bedroom at $350K with 25% down, $15K furnishing, and $34K annual revenue produces roughly 8–12% cash-on-cash return. Use our STR Investment Calculator below to model your specific scenario.

San Antonio STR cap rates typically range from 6–10%, which is strong compared to traditional long-term rentals (4–6%) and competitive with other major STR markets. Cap rate = Net Operating Income / Purchase Price. A 3-bedroom property purchased at $350K generating $34K gross revenue with 40% expenses yields roughly an 8.3% cap rate. Cap rates vary significantly by neighborhood — use our Investment Entry Points data to compare gross yields across submarkets and identify the best risk-adjusted returns.

In San Antonio, well-managed STRs typically generate 2–3x the gross revenue of comparable long-term rentals, but come with higher operating costs (35–45% of revenue vs. 20–30% for LTR) and more active management. A $350K property might earn $1,600/month as a long-term rental vs. $2,850/month gross as an Airbnb — but after STR expenses, net income may be $1,500–1,800/month. The trade-off: higher upside with more work. STRs also offer flexibility to switch to LTR if the market shifts.

Our STR Investment Calculator models projected returns using real San Antonio market data. Input your purchase price, down payment, and target neighborhood — the calculator pulls live ADR, occupancy, and revenue data to estimate annual gross revenue, then applies typical expense ratios for San Antonio (cleaning, utilities, insurance, property management, supplies) to project net cash flow, cash-on-cash return, and break-even occupancy. It uses actual market data, not national averages.

San Antonio STR investors typically see 8–12% cash-on-cash returns vs. 5–7% for traditional long-term rentals. However, STR ROI depends heavily on management quality, pricing strategy, and property type. The highest ROI often comes from 2–3 bedroom properties in mid-tier neighborhoods where entry costs are moderate but STR demand is strong. Our Analysis tab breaks down the economic factors driving San Antonio rental returns, including employment data, population growth, and housing cost trends.

Monthly cash flow for a typical San Antonio Airbnb: Gross revenue $2,500–3,500, minus operating expenses $900–1,400 (cleaning, supplies, utilities, insurance, management), minus mortgage ~$1,400 (assuming $350K purchase, 25% down, 6.5% rate) = net cash flow of $200–700/month. Properties in higher-ADR neighborhoods can exceed $1,000/month positive cash flow. The key variable is occupancy — every 5% increase in occupancy adds roughly $250–400/month to gross revenue.