STR vs LTR calculator — California
California deals are often cap-rate tight but appreciation- and rent-growth sensitive. Default rent inputs are drawn from HUD FMR data—a statewide figure spans a wide range, so adjust to your specific market. Same math as the national STR vs LTR calculator; numbers are educational—not lender instructions.
Frequently asked questions
- How do STR platform fees affect returns?
- Platform fees reduce gross booking revenue before operating expenses. This calculator applies your fee percentage to gross nightly revenue after occupancy.
- What occupancy makes short-term rental worth it vs long-term?
- It depends on nightly rate, fees, and expenses. Raise occupancy or nightly rate until STR cash flow and NOI beat your long-term rent scenario on the same financing.
- How should I compare STR vs LTR in California?
- Use realistic occupancy and fee assumptions for STR, then compare against a long-term baseline near about $2,200/month. Include cleaner turnover, management, and regulation-related costs before deciding.
Real estate investing in California
Real estate investing in California
Rent control and eviction rules vary by jurisdiction. Your pro forma should reflect the actual rent you can achieve legally on day one and over your hold period, not a headline market rate alone.
- Typical 2BR rent
- ~$2,200/mo
- Effective property tax
- ~0.69% of home value
- State income tax
- Up to 13.3%
Rent: HUD FMR 2025 · Property tax: Tax Foundation 2022 · Adjust all calculator inputs to match your specific deal.
Other calculators for California: BRRRR Calculator · Fix and Flip Calculator. All calculators · Investment property calculator