San Antonio a Top Market for Rental Home Investment

NuWire Investor, a company that provides news and information about real estate investment, has named San Antonio a Top 10 Cash Flow Property Market.  According to Nuwire:

4. San Antonio, Texas

San Antonio ranked number one on our list of the Top 10 Places to Invest for 2007 and second on our list of the Top 10 Foreclosure Markets for 2007. Home to 1,273,374 people as of 2006, San Antonio retains affordable home prices, with a median of $96,300, in spite of its growing population. Median monthly upkeep is only $374 per month, with an estimated mortgage costing $486.95 per month. The rental vacancy rate for the city is 10.3 percent—on the lower side of this list—and the median gross rent is $678 per month.

Cah flow in it’s simplest definition is the amount of money the property brings in (rent) versus the amount going out (mortgage, taxes, maintaince, etc.). If you have a property that you have thought would make a great investment and here is a great online calculator.

While many parts of the country are suffering from a housing decline, San Antonio remains a “steady wins the race” market.