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Market Research

San Antonio

What are the STR Laws

Look at market: bedrooms, amenities, etc

Find the average annual revenue by bedrooms interested in ex: a 4br = $60,000

Look for the top performing properties of the bedroom counts interested in: top 2 categories in pricing

What do they look like? Style, design

Where are they located?

Amenities

Look for things to do and find golden triangles (google bard)

Setup a search on zillow with what found

Is this an area we want to pursue? If yes look for realtor on Bigger Pockets

STR Laws

•STRs are allowed in any residential zoning district and in districts with established residential use except: C-3, L, I- 1, and I-2 districts. However, in connection with submission of the application, each applicant shall acknowledge

that any permit granted by the director under this Article (STR ordinance) does not supersede any property-specific restrictions against short term rentals that may exist under law, agreement, lease, covenant or deed restrictions. •The ordinance uses "blockface," or one side of the street between intersections, in the calculations done to determine (the density) home many STRs are allowed. • Type 1 - no density limitation

• Type 2 - allowed by right, up to 12.5% of units on blockface. Only one is allowed by right on a blockface or multi- family unit. If a property is in a multi-family building (has 5 or more units), Limit is 12.5% of the total number of units on property. • When the density limitation is met or exceeded, a special exception for a permit is needed from the Board of Adjustment to operate a Type 2 STR. The fee for properties with a Homestead Exemption is $400 and $600 for all others. Applications are submitted through the BuildSA online portal.

Market Stats:

for 50% and 75% monthly, go to Revenue, then distribution of revenue, then unselect 25th and 90th percentile. Guestimate where the average is for that line (estimation of AVERAGE monthly revenue for the year) in the chart below.

View 4 of Market Overview By Bedroom (20% GY)

View 4 of Market Overview By Bedroom (20% GY)

Market

Num BRs

% of market

Fifty % Monthly

Seventy-Five % Monthly

Low Target Home Price

Highest Target Home Price

6500

11600

$390,000.00

$696,000.00

11700

18000

$702,000.00

$1,080,000.00

2200

3500

$132,000.00

$210,000.00

23%

6100

8700

$366,000.00

$522,000.00

17%

1600

2700

$96,000.00

$162,000.00

17%

4500

6500

$270,000.00

$390,000.00

6500

9000

$390,000.00

$540,000.00

15%

7300

9900

$438,000.00

$594,000.00

11%

13000

17600

$780,000.00

$1,056,000.00

1600

2000

$96,000.00

$120,000.00

13%

3000

4200

$180,000.00

$252,000.00

22%

5500

8000

$330,000.00

$480,000.00

20%

7500

12000

$450,000.00

$720,000.00

8300

13100

$498,000.00

$786,000.00

7000

10500

$420,000.00

$630,000.00

20%

1800

3100

$108,000.00

$186,000.00

13%

3500

5600

$210,000.00

$336,000.00

5400

9000

$324,000.00

$540,000.00

There are no rows in this table

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Top Performing Properties

Select bedroom under listing and then upscale and luxury under performance

2 br

tend to be downtown near riverwalk

honestly can win with amenities and design I think pretty easily

could also do rental arbitrage near downtown

4br

https://app.airdna.co/data/listing/abnb_672311739625820633⁠

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near airport, has pool, golf, gym, other games

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https://app.airdna.co/data/listing/abnb_53815959⁠

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near downtown, pool, game room, looks historic

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https://app.airdna.co/data/listing/abnb_48546386⁠

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near riverwalk, cool outdoor area

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https://app.airdna.co/data/listing/abnb_51799170⁠

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north of airport, game room, hot tub, pool

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https://app.airdna.co/data/listing/abnb_657379114800723740⁠

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near six flags, games, no pool or hot tub

I think we could crush with sauna, cold plunge, and maybe theater in longer stays?

and can beat out most with design

Amenities

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