Income & Property
Total expected rent per year (monthly rent x units x 12)
Texas average: 8%
Property tax, insurance, maintenance, PM, etc.
Purchase price or current market value
Result
Fill in the fields to see your cap rate
Free Texas cap rate calculator pre-loaded with TX property tax (1.4%), insurance ($3,300/yr), and vacancy (8%) defaults. Results are for educational underwriting purposes and should not be treated as financial, tax, legal, or investment advice.
Total expected rent per year (monthly rent x units x 12)
Texas average: 8%
Property tax, insurance, maintenance, PM, etc.
Purchase price or current market value
Result
Fill in the fields to see your cap rate
Median Sale Price
$0
-1.2% YoY
Median Rent
$1,452/mo
-0.9% YoY
Vacancy Rate
8%
State average
Days on Market
44
Median DOM
Property Tax Rate
1.4%
Avg Insurance
$3,300/yr
Population Growth
1.7%
Real estate investing is hyperlocal. National averages for property tax, insurance, and vacancy rates can be wildly misleading when underwriting a deal in Texas. The TX effective property tax rate is 1.4%, which translates to $0/year on a median-priced Texas home at $0. That single line item can be the difference between positive and negative cash flow.
Homeowners insurance in Texas averages $3,300/year — well above the national average. Failing to account for TX-specific insurance costs is one of the most common mistakes new investors make when running numbers remotely. Texas Dept of Insurance: $3,291 (2024 official), $3,506 (2025 preliminary).
The Texas vacancy rate currently sits at 8%. Plugging in a generic 5% vacancy assumption when the actual market runs higher will overstate your projected income. This calculator pre-fills TX data so your analysis starts from reality, not assumptions.