LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,426
Monthly Cash Flow
-$636
Principal + Equity
$1,472
Annual Total Gain
$10,034
Cash on Cash
-9.71%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Suburbs to Live in Texas
#255out of 417 markets
Most Diverse Suburbs in Texas
#151out of 417 markets
Best Suburbs for Young Professionals in Texas
#69out of 417 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in San Marcos, TX.
In San Marcos, TX, Short Term Rentals (STRs) are regulated by the city government. As an investor looking to purchase a property for STR purposes in this market, there are several regulations that you should be aware of:
1. Permit Requirement: In San Marcos, all STRs must obtain a permit from the city government in order to operate legally. The permit application process typically involves submitting an application, paying a fee, and meeting certain requirements set by the city.
2. Occupancy Limits: The city of San Marcos has specific occupancy limits for STRs, which vary depending on the size of the property. It is important to ensure that your property complies with these occupancy limits to avoid any potential fines or penalties.
3. Noise Regulations: San Marcos has strict noise regulations in place to ensure that STRs do not disrupt the peace and quiet of residential neighborhoods. It is important to familiarize yourself with these regulations and ensure that your guests are aware of them as well.
4. Parking Regulations: Parking can be a major issue for STRs, especially in residential neighborhoods. San Marcos has specific parking regulations that must be followed by STR operators to avoid any potential violations.
5. Taxation: As an investor operating an STR in San Marcos, you will be required to collect and remit certain taxes, such as the Hotel Occupancy Tax, to the city government. It is important to understand your tax obligations and ensure that you are in compliance with all relevant tax laws.
6. Zoning Regulations: San Marcos has specific zoning regulations that dictate where STRs are allowed to operate within the city. It is important to ensure that your property is located in a zone that permits STRs before making a purchase.
Overall, it is important for investors to thoroughly research and understand the regulations surrounding Short Term Rentals in San Marcos, TX before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and even the potential shutdown of your STR operation.
Market Trends Over Time
Explore 25 years of market data for San Marcos, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to San Marcos, TX.
The LTR Genie Score of San Marcos, TX is 60 and the STR Genie Score is 41, indicating a moderate and low rating respectively. The high LTR Rentability suggests that long-term rental properties in San Marcos are in demand and have a good potential for steady income. However, the low STR Genie Score could be due to the relatively low STR Occupancy rate of 45.16% and lower revenue compared to long-term rentals.
San Marcos, TX is a growing city located between Austin and San Antonio, known for its vibrant arts scene, outdoor recreational activities, and a strong local economy driven by Texas State University. The 1-Year Price Appreciation Forecast of -1.2% may be a concern for short-term investors looking for quick returns, but the positive LTR Net ROI of 12.76% and STR Net ROI of 17.18% indicate that both long-term and short-term rental investments can be profitable in this market.
Overall, San Marcos, TX seems to be a more attractive market for long-term rental investment due to the high LTR Rentability and positive ROI. However, investors should also consider diversifying their portfolio with some short-term rental properties to capitalize on the tourism and student population in the area. It is recommended for real estate investors to conduct further research and due diligence before making any investment decisions in San Marcos, TX.
LTR Genie Score 93
$80,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,680 sqft.🏠 SINGLE FAMILY
