SUMMARY: a 12-unit with multiple rental strategies, three newer homes collecting $8,405/month, proven six-figure Airbnbs, 4.5% seller financing, and rentals with free property management.
San Antonio 12-Unit With Three Rental Strategies — $1.2M
-LTR: Cap 7.39% | CoC 5.95% | Cash Needed $312,000 | Built 1943
-STR: Cap 15.77% | COC 25% | Cash Needed $412,000 (assumes $100k for set up)
This renovated 12-unit property projects $12,000/month in long-term rental income at $1,000 per unit, with an additional STR revenue projection of $324,558 annually as multi unit airbnb. What excites me is the ability to combine short-, mid-, and long-term rentals across 12 apartments instead of committing to one strategy. I'd love for Steffen Realty to help launch this operation, optimize the unit mix, and build something an investor can own for decades. The property sits in historic Monte Vista near Trinity University, San Antonio College, and the Pearl district.
204 E Rosewood Ave, San Antonio, TX 78212
Sierra Vista 3-Home Portfolio Collecting $8,405/Mo — $816,255
Cap 9.42% | CoC 8.79% | Cash Needed $212,226 | Built 2022-23
Three newer construction single-family homes collecting $8,405/month, exceeding the 1% monthly rent-to-price benchmark, with all three fully occupied under long-term leases. The portfolio has professional management in place at no cost, highly rated area schools, and a purchase price reflecting a 3% portfolio discount. This is one of my absolute favorite conventional rental investments because it checks nearly every box: newer construction, immediate income, no vacancy, no management fees, and high cash-on-cash returns by any single family rental standard. The homes are in the growing Sierra Vista community south of Houston. Off-market deal.
Sierra Vista Portfolio, Rosharon/Iowa Colony, TX 77583
DFW (Rowlett) Furnished STR With $140K Revenue — $720K
Cap 9.5% | CoC 14.07% | Cash Needed $187,200 | Built 1999
This six-bedroom Airbnb generated $178,186 in 2025 payouts, an impressive 24.75% historical gross revenue-to-price ratio, the financials above were ran assuming a $140k annual gross income which I think is more aligned with an average year. The home conveys furnished and features a pool, spa, and substantial entertainment space, making it particularly attractive for larger group stays. Nearby Lake Ray Hubbard provides an established recreational destination for visitors to the Rowlett area. Folder linked below has the last few years of financials and airbnb links.
2109 Indian Trail, Rowlett, TX 75088
San Antonio Airbnb With 4.5% Seller Financing — $470K
Cap 5.84% | CoC 4.91% | Cash Needed $122,200 | Built 2012
This five-bedroom Airbnb generated $71,589 in 2025 revenue, and the seller is offering financing at just 4.5% interest with 25% down and a 30-year amortization, no balloon! The property comes furnished for short-term rental operation, complete with a hot tub, game loft, and outdoor entertainment space. I particularly like the combination of an operating Airbnb and favorable seller financing, with substantially less interest expense than conventional investor financing at 6.75%. San Antonio's west side benefits from established attractions including SeaWorld and the Lackland military installation.
13707 Firenze Pl, San Antonio, TX 78253
West Dallas STR With $115k Historical Revenue — $460K
Cap 13.70% | CoC 30.25% | Cash Needed $119,600 | Built 2021
This newer construction West Dallas property produced $109,234 in STR revenue in 2023 and $115,690 in 2024, with the latter supporting a historical underwriting scenario showing a 13.70% cap rate. Built in 2021, the five-bedroom home has several years of proven guest demand, although its operating strategy subsequently shifted toward longer-term renting. I like this one for an investor prepared to restore the STR operation and capitalize on its established revenue history. The location provides access to Downtown Dallas, Dallas Love Field, and the UT Southwestern medical district.
3615 McBroom St, Dallas, TX 75212
Houston (Rosharon) $3,081/Mo With Two Years Free Management — $289K
Cap 8.34% | CoC 8.48% | Cash Needed $75,140 | Built 2022
This 2022-built single-family rental collects $3,081/month in recurring rental income, putting it above the 1% monthly rent-to-price benchmark at a $289,000 purchase price. The existing lease runs through June 2027, and the seller is providing 24 months of free property management. This is an exceptionally compelling option for an out-of-state investor seeking newer construction, an existing tenant, limited operational involvement, and relatively low initial capital requirements. The property is in the Sierra Vista West community in the growing residential corridor south of Houston. Off-market deal.
1242 Scarlet Creek Dr, Rosharon, TX 77583
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