STR vs LTR calculator — Texas
Texas remains one of the busiest states for buy-and-hold and value-add strategies. Default rent inputs reflect Texas-typical rents from HUD Fair Market data—always verify taxes, insurance, and rents for your specific submarket. Same math as the national STR vs LTR calculator; numbers are educational—not lender instructions.
Calculator
STR vs LTR
Compare operating scenarios on the same financing. Adjust occupancy, fees, and rent to see cash flow and coverage.
Δ cash flow $2,267 · Purchase $300,000
STR cash flow
$1,152
LTR cash flow
-$1,115
STR DSCR
1.72
LTR DSCR
0.30
STR assumptions
LTR assumptions
Results
Δ Cash flow
$2,267
Δ NOI/yr
$27,201
STR CF
$1,152
LTR CF
-$1,115
STR vs LTR calculator
Compare short-term (nightly) and long-term rent on the same property. STR uses annual occupancy and platform fees; LTR uses contract rent and vacancy. Shared mortgage and purchase price apply to both—numbers are illustrative.
Short-term (STR)
Long-term (LTR)
Shared
Comparison
Δ Monthly cash flow (STR − LTR)
$2,267
Δ NOI (annual, STR − LTR)
$27,201
Short-term (STR)
Effective monthly income
$3,549
Monthly cash flow
$1,152
NOI (annual)
$32,991
Cap rate
11.00%
DSCR
1.72
Above 1.0 covers debt
Cash-on-cash
23.05%
Long-term (LTR)
Effective monthly rent
$1,283
Monthly cash flow
-$1,115
NOI (annual)
$5,790
Cap rate
1.93%
DSCR
0.30
Below 1.0 is tight
Cash-on-cash
-22.29%
STR gross bookings = nights booked × nightly rate (nights = 365 × occupancy %). Net of platform fees = gross × (1 − fee %). LTR uses contract rent with vacancy. Loan balance = purchase × (1 − down %).
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.
- Do Texas property taxes affect cash flow in this calculator?
- Yes—and they matter. Texas has no state income tax but property taxes are among the highest in the country. Default inputs start with HUD-based rent estimates; enter your expected annual property tax and insurance load in the expenses field to model real cash flow.
Real estate investing in Texas
Real estate investing in Texas
Property tax rates and insurance costs vary widely by county and carrier. Investors often underwrite with conservative rent growth and exit assumptions. Pair these estimates with local rent comps and lender guidelines before you offer.
- Typical 2BR rent
- ~$1,350/mo
- Effective property tax
- ~1.68% of home value
- State income tax
- No state income tax
Rent: HUD FMR 2025 · Property tax: Tax Foundation 2022 · Adjust all calculator inputs to match your specific deal.
Other calculators for Texas: BRRRR Calculator · Fix and Flip Calculator. All calculators · Investment property calculator