151 Morningview · San Antonio, TX 78220

$200,000

3 bd · 1.0 ba · 1,377 sqft · SingleFamily public records · 205 Days on market

Built 1956 7,274 sqft lot $145/sqft · 37% above area Est $213k · 6% under ↓ 38% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +10.2/15.0
• Appreciation +10.0/10.0
• Cash flow +5.8/30.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Schools +1.4/10.0
• DSCR +0.2/10.0

Listing remarks MLS

With 2,000 sq ft of renovated living space, four bedrooms, and three full bathrooms, 151 Morningview is a great opportunity for investors seeking multiple options for a short-term rental close to downtown San Antonio. Located just minutes from Frost Bank Center, the Alamodome, The Pearl, and major highways, this home sits in a quiet, established neighborhood with long-term residents, ideal for consistent STR demand. The home was transformed from the ground up after extensive structural repairs, giving it the rare advantage of size, flexibility, and move-in readiness. The layout features two large living areas, an open-concept design, and updated flooring throughout, including preserved original hardwoods for added charm. The renovated kitchen includes granite counters and modern cabinetry, offering the durability and clean aesthetic STR guests look for. With four spacious bedrooms, including a main-level primary suite, this property is well-suited for hosting larger groups, traveling families, or event-goers visiting nearby venues. Located in a tree-lined community with easy access to downtown, Morningview delivers space, flexibility, and long-term upside, making it an ideal addition to any short-term rental portfolio.

Key facts

• Open-concept design
• Updated flooring
• Close to downtown

Tags

• RENOVATED LIVING SPACE
• CLOSE TO DOWNTOWN
• QUIET ESTABLISHED NEIGHBORHOOD
• TWO LARGE LIVING AREAS
• OPEN-CONCEPT DESIGN
• UPDATED FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-401 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (35.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $144k (28.1% below list).
• Recommended offer: $129k (35.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 80/100 on livability (#31 in TX, #1,616 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• San Antonio ISD (urban): math 12% / reading 22% proficiency, ranked #805 of 826 in TX (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 116 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• This rent runs 41% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 205 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $129,190 (35.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.72% ✗
• Cap rate: 3.89%
• Cash-on-cash: -8.59%
• DSCR: 0.62
• GRM: 11.6

CMA / ARV

• ARV (median comp): $212,632
• List price: $200,000
• Delta: -5.94%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Corliss	0.36mi	3/1.5	1,296 (-6%)	5mo	$189,900	$147	67
3006 Martin Luther King	0.24mi	3/2.0	1,275 (-7%)	7mo	$199,999	$157	66
237 Corliss	0.40mi	3/2.0	1,296 (-6%)	4mo	$195,000	$150	65
139 Reichert St	0.64mi	3/2.0	1,447 (+5%)	2mo	$260,000	$180	56
2846 Wyoming St	0.58mi	3/2.0	1,255 (-9%)	1mo	$185,000	$147	54
927 H	0.57mi	4/1.5 (+1)	1,295 (-6%)	4mo	$151,000	$117	53
227 Jemison St	0.40mi	3/2.0	1,216 (-12%)	7mo	$190,000	$156	52
207 F St	0.47mi	3/2.0	1,247 (-9%)	8mo	$250,000	$200	51
119 J	0.69mi	4/2.0 (+1)	1,452 (+5%)	2mo	$80,500	$55	48
250 Bundy	0.58mi	4/2.0 (+1)	1,493 (+8%)	4mo	$239,900	$161	47
531 Morningview	0.71mi	3/2.0	1,550 (+13%)	5mo	$285,000	$184	37
329 Dorie St	0.72mi	3/2.0	1,200 (-13%)	8mo	$99,500	$83	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 0.53% rent growth · sell at horizon

5-year hold

• IRR: 17.6%
• Equity multiple: 2.43×
• Total profit: $80,025
• Equity at exit: $180,176

10-year hold

• IRR: 16.1%
• Equity multiple: 5.46×
• Total profit: $249,582
• Equity at exit: $388,556

Cash invested: $56,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78220

• Home prices YoY: 9.1%
• Rents YoY: 0.5%
• Active inventory: 116
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,438 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$405 /mo · $4,855/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $-401

Break-even live

Break-even rent $1,945

Max offer price $129,190

Occupancy floor —

Sensitivity live

Price	-10% $-288	-5% $-344	+0% $-401	+5% $-457	+10% $-514
Rent	-10% $-514	-5% $-458	+0% $-401	+5% $-344	+10% $-287
Rate	-1.0pp $-300	-0.5pp $-350	base $-401	+0.5pp $-453	+1.0pp $-505

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
154 Ferris Ave San Antonio, TX	3.0	2.0	1438	$1,275	$0.89	22d	1	0.25mi
154 Ferris Ave San Antonio, TX	3.0	2.0	1438	$1,499	$1.04	44d	1	0.25mi
3030 Martin Luther King Dr San Antonio, TX	3.0	1.0	938	$1,295	$1.38	24d	1	0.31mi
143 Ranger Unit 101 San Antonio, TX	3.0	2.0	876	$1,099	$1.25	3d	1	0.34mi
239 Ferris Ave San Antonio, TX	3.0	2.0	909	$1,249	$1.37	44d	1	0.37mi
311 Spriggsdale Ave Unit 710 San Antonio, TX	2.0	2.0	890	$981	$1.10	4d	1	0.43mi
215 Edna Ave San Antonio, TX	2.0	1.0	968	$1,260	$1.30	44d	1	0.46mi
610 Pecan Valley Dr San Antonio, TX	3.0	1.0	1287	$1,650	$1.28	44d	1	0.47mi
311 Ferris Ave San Antonio, TX	3.0	2.0	909	$1,245	$1.37	5d	1	0.48mi
918 Hampton St Unit 1 San Antonio, TX	3.0	1.0	912	$975	$1.07	44d	1	0.50mi
323 Ferris Ave San Antonio, TX	3.0	2.0	1298	$1,450	$1.12	3d	1	0.51mi
406 Como St San Antonio, TX	3.0	1.5	1278	$1,350	$1.06	44d	1	0.57mi
723 Sewanee St San Antonio, TX	3.0	2.0	1028	$1,264	$1.23	13d	1	0.62mi
302 Dorie St San Antonio, TX	3.0	2.0	1028	$1,285	$1.25	22d	1	0.68mi
2346 Dakota St Unit 1101 San Antonio, TX	2.0	1.0	1728	$1,250	$0.72	17d	1	0.70mi
113 Anderson Ave Unit 101 San Antonio, TX	3.0	2.5	1539	$1,700	$1.10	44d	1	0.73mi
227 S Grimes St Unit 202 San Antonio, TX	3.0	2.5	1089	$1,550	$1.42	44d	1	0.75mi
3259 Martin Luther King Dr San Antonio, TX	3.0	2.0	909	$1,149	$1.26	5d	1	0.76mi
458 Ferris Ave San Antonio, TX	3.0	2.0	909	$1,380	$1.52	3d	1	0.77mi
139 San Salvador Ave Unit 103 San Antonio, TX	2.0	2.5	1245	$1,490	$1.20	15d	1	0.77mi
314 Maryland St Unit 102 San Antonio, TX	2.0	2.5	1055	$1,295	$1.23	44d	1	0.80mi
1431 Aransas Ave San Antonio, TX	3.0	1.0	1108	$1,195	$1.08	15d	1	0.80mi
318 Ferguson Ave Unit 1 San Antonio, TX	3.0	2.0	1450	$1,550	$1.07	5d	1	0.80mi
2018 E Drexel Ave San Antonio, TX	3.0	2.0	1268	$1,750	$1.38	24d	1	0.82mi
215 San Salvador Ave Unit 101 San Antonio, TX	3.0	2.5	1783	$1,595	$0.89	5d	1	0.82mi
313 San Salvador Ave San Antonio, TX	4.0	2.5	1240	$1,395	$1.12	44d	1	0.83mi
322 Vine St #102 San Antonio, TX	3.0	2.5	1401	$1,400	$1.00	24d	1	0.83mi
307 San Salvador Ave Unit 101 San Antonio, TX	3.0	2.5	1783	$1,595	$0.89	5d	1	0.84mi
3318 Martin Luther King Dr San Antonio, TX	3.0	2.0	909	$975	$1.07	44d	1	0.85mi
610 Belmont San Antonio, TX	2.0	1.0	1050	$1,195	$1.14	44d	1	0.85mi
1827 Montana St #101 San Antonio, TX	3.0	2.5	1859	$2,250	$1.21	3d	1	0.85mi
512 Cooper St San Antonio, TX	2.0	1.0	1116	$1,295	$1.16	24d	1	0.86mi
1518 S Walters St Unit 102 San Antonio, TX	3.0	2.5	1180	$1,400	$1.19	5d	1	0.87mi
3327 Martin Luther King Dr Unit a San Antonio, TX	3.0	2.0	876	$915	$1.04	3d	1	0.88mi
1303 Essex St #102 San Antonio, TX	3.0	2.5	1180	$1,400	$1.19	24d	1	0.88mi
1303 Rigsby Ave Unit 710 San Antonio, TX	2.0	2.0	950	$1,173	$1.23	4d	1	0.91mi
242 Vine St San Antonio, TX	4.0	2.0	1250	$1,695	$1.36	44d	1	0.91mi
164 Day Rd San Antonio, TX	3.0	2.5	1250	$1,667	$1.33	24d	1	0.92mi
1435 Gibbs San Antonio, TX	3.0	1.0	975	$1,435	$1.47	24d	1	1.00mi
2818 E Houston St San Antonio, TX	3.0	1.0	1184	$1,495	$1.26	15d	1	1.04mi

Listing history 32 events

1. 2026-06-21
   days on market $200,000 Active 205 DOM
2. 2026-06-18
   days on market $200,000 Active 202 DOM
3. 2026-06-17
   days on market $200,000 Active 201 DOM
4. 2026-06-16
   days on market $200,000 Active 200 DOM
5. 2026-06-15
   days on market $200,000 Active 199 DOM
6. 2026-06-13
   days on market $200,000 Active 197 DOM
7. 2026-06-09
   days on market $200,000 Active 193 DOM
8. 2026-06-08
   days on market $200,000 Active 192 DOM
9. 2026-06-07
   days on market $200,000 Active 191 DOM
10. 2026-06-04
    days on market $200,000 Active 188 DOM
11. 2026-06-03
    days on market $200,000 Active 187 DOM
12. 2026-06-02
    days on market $200,000 Active 186 DOM
13. 2026-06-01
    days on market $200,000 Active 185 DOM
14. 2026-05-31
    days on market $200,000 Active 184 DOM
15. 2026-02-11
    price $200,000 1238-char remark

    Show marketing remark (1238 chars)

    With 2,000 sq ft of renovated living space, four bedrooms, and three full bathrooms, 151 Morningview is a great opportunity for investors seeking multiple options for a short-term rental close to downtown San Antonio. Located just minutes from Frost Bank Center, the Alamodome, The Pearl, and major highways, this home sits in a quiet, established neighborhood with long-term residents, ideal for consistent STR demand. The home was transformed from the ground up after extensive structural repairs, giving it the rare advantage of size, flexibility, and move-in readiness. The layout features two large living areas, an open-concept design, and updated flooring throughout, including preserved original hardwoods for added charm. The renovated kitchen includes granite counters and modern cabinetry, offering the durability and clean aesthetic STR guests look for. With four spacious bedrooms, including a main-level primary suite, this property is well-suited for hosting larger groups, traveling families, or event-goers visiting nearby venues. Located in a tree-lined community with easy access to downtown, Morningview delivers space, flexibility, and long-term upside, making it an ideal addition to any short-term rental portfolio.

16. 2025-11-28
    listed $225,000 New 1238-char remark

    Show marketing remark (1238 chars)

    With 2,000 sq ft of renovated living space, four bedrooms, and three full bathrooms, 151 Morningview is a great opportunity for investors seeking multiple options for a short-term rental close to downtown San Antonio. Located just minutes from Frost Bank Center, the Alamodome, The Pearl, and major highways, this home sits in a quiet, established neighborhood with long-term residents, ideal for consistent STR demand. The home was transformed from the ground up after extensive structural repairs, giving it the rare advantage of size, flexibility, and move-in readiness. The layout features two large living areas, an open-concept design, and updated flooring throughout, including preserved original hardwoods for added charm. The renovated kitchen includes granite counters and modern cabinetry, offering the durability and clean aesthetic STR guests look for. With four spacious bedrooms, including a main-level primary suite, this property is well-suited for hosting larger groups, traveling families, or event-goers visiting nearby venues. Located in a tree-lined community with easy access to downtown, Morningview delivers space, flexibility, and long-term upside, making it an ideal addition to any short-term rental portfolio.

17. 2025-09-22
    historical $1,730
18. 2025-08-28
    price $1,730
19. 2025-08-13
    listed $1,950
20. 2024-12-31
    historical
21. 2024-10-19
    price $225,000
22. 2024-07-04
    price $275,000
23. 2024-06-12
    price $288,999
24. 2024-04-14
    price $289,999
25. 2024-03-04
    price $299,999
26. 2024-01-15
    listed $325,000 New
27. 2018-12-12
    soldstatus
28. 2018-12-12
    soldstatus
29. 2018-10-22
    soldstatus
30. 2018-09-19
    soldstatus
31. 2018-09-19
    soldstatus
32. 2018-09-19
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,855 · $405/mo
• Projected year-2 tax: $4,855 · $405/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,255
• − Mortgage interest: −$11,203
• − Property taxes: −$4,855
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,380
• − Management: −$1,380
• − Depreciation: −$5,818
• Taxable loss: −$8,383
• Est. tax savings @ 24.0%: +$2,012
• After-tax cash flow: $-2,798/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Antonio ISD
• NCES district ID: 4838730
• Math proficiency: 12% ▼ -21.00%
• Reading proficiency: 22% ▼ -7.00%
• Median HH income: $30,952
• Composite: 13.57/100
• National rank: #9512
• State rank: #805 of 826 in TX

Livability — San Antonio

• Score: 80/100
• State rank: #31
• US rank: #1616

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Antonio, TX
• County: Bexar County · 1,990,555 people
• City population: 1,806,925
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 19,423
• Household income: $41,710
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 705.0

Population outlook (Bexar County) Hauer SSP2

• Today (2025): 2,336,851 people
• By 2030: 2,560,728 · +9.6%
• By 2040: 3,020,569 · +29.3%
• By 2050: 3,493,522 · +49.5%
• By 2075: 4,668,459 · +99.8%
• By 2100: 5,533,242 · +136.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (60%)
• Race & ethnicity: Hispanic / Latino 60% Black 30% Two or more races 22% White 8%
• Hispanic origin (detail): Mexican 47% Puerto Rican 1%
• Foreign-born: 11% · Canada
• Languages at home: 63% English-only · Spanish 36%

Political lean MEDSL · Bexar

• 2024 margin: Lean D (+9.8) · D 54.3% · R 44.6% · Other 1.1%
• 2008→2024 swing: +4.2pp toward D · 2008: 5.6pp · 2024: 9.8pp
• All cycles: 2024: D+9.8 2020: D+18.2 2016: D+13.5 2012: D+4.6 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 23.86%
• Current HPI: 284.9844
• Rent YoY: ▲ 0.53%
• Metro: San Antonio-New Braunfels, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-38.5% since first listed

18 events — show timeline

• 2026-02-11 Price Changed $200,000 LERA
• 2025-11-28 Listed $225,000 LERA
• 2025-09-22 Rental Removed $1,730 SABOR
• 2025-08-28 Price Changed $1,730 SABOR
• 2025-08-13 Listed for Rent $1,950 SABOR
• 2024-12-31 Listing Removed — LERA
• 2024-10-19 Price Changed $225,000 LERA
• 2024-07-04 Price Changed $275,000 LERA
• 2024-06-12 Price Changed $288,999 LERA
• 2024-04-14 Price Changed $289,999 LERA
• 2024-03-04 Price Changed $299,999 LERA
• 2024-01-15 Listed $325,000 LERA
• 2018-12-12 Sold (Public Records) — Public Records
• 2018-12-12 Sold (Public Records) — Public Records
• 2018-10-22 Sold (Public Records) — Public Records
• 2018-09-19 Sold (Public Records) — Public Records
• 2018-09-19 Sold (Public Records) — Public Records
• 2018-09-19 Sold (Public Records) — Public Records

Property tax history

+10.3%/yr

Latest (2025): $4,855 · -1.0% YoY. Source: county tax records.