STR Deal Screener
Evaluate short-term rental acquisitions against the buy box criteria. Properties need 1.40x coverage, where coverage is gross STR revenue over total carry— debt service plus taxes, HOA, insurance and operating costs. The yield gate was retired 2026-09-02; this screens on coverage alone, against as-is revenue.
Just have an address? Get an instant AI read
Skip the inputs below — paste a listing link or type an address and our AI underwrites it for you. Prefer to control every number? Use the full manual screener underneath.
We run it against live MLS market data for that pocket — median $/sf, days on market, months of supply — then a licensed broker follows up with the full underwrite.
Analyze a Deal
Leave at 0 for no HOA. Legetty won’t buy into an HOA unless it’s a dedicated STR community or the CC&Rs explicitly allow short-term rental.
Buy Box Criteria
Yield gate retired 2026-09-02 — Legetty screens on coverage only. Each scenario uses its own down payment; there is no global slider because 25% traditional and 10–12% creative are different boxes, not one dial.
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FAIL| Scenario | Carry | Cov. | MAO | Verdict |
|---|---|---|---|---|
| ◉Traditional 6.875% / 25% down | $62,275 | 0.93x | $408,784 | FAIL |
| ○Seller finance 5.5% / 12% down | $62,818 | 0.92x | $404,872 | FAIL |
| ○Seller finance ideal 5% / 10% down | $61,530 | 0.94x | $414,281 | FAIL |
Estimates run slightly light. On 3000 Neal — the one property here with actual numbers — the county tax bill is 2.28% of price against the 2.05% modeled, and the STR insurance quote is 0.88% against 0.68%. That gap flatters coverage by roughly 0.05x. Replace both with the real figures before an offer goes out.
That is $241,216 below the $650,000 asking price. Taxes and insurance scale with price, so this is solved algebraically, not guessed.
Portfolio Benchmarks
| Property | Price | Revenue | Yield | Coverage |
|---|---|---|---|---|
| 4314 Jinx Ave Apre-9/2 model — picked comps | $590,000 | $173,000 | 29.3% | 2.81x |
| 5013 Rob Scott Stpre-9/2 model — picked comps | $825,000 | $164,000 | 19.9% | 2.55x |
| 4608 Frontier Trlpre-9/2 model — picked comps | $685,000 | $145,600 | 21.3% | 2.36x |
| 5317 McCandless Stpre-9/2 model — picked comps | $1,440,000 | $260,000 | 18.1% | 2.01x |
| 3297 Prides Waypre-9/2 model — picked comps | $627,000 | $113,600 | 18.1% | 2.02x |
| 3433 Sand Castle Lnpre-9/2 model — picked comps | $999,000 | $180,000 | 18.0% | 2.02x |
| 5210 Gladstone St | $685,000 | $53,000 | 7.7% | 0.82x |
| 3000 Neal St | $650,000 | $76,792 | 11.8% | 1.21x |
Current model (2 rows, since 2026-09-02): 1.01x average coverage. Revenue range $53,000 – $76,792/yr.
Rows marked pre-9/2 were underwritten on 75th-percentile picked comps against a retired 2.0x bar and a yield gate that no longer exists. They are kept for history and are deliberately excluded from this average — averaging the two bases together would overstate what a deal looks like today.