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Short-Term Rental Calculator
STR underwriting is different from long-term rental — revenue depends on ADR × occupancy, and costs scale with turnover volume. This calculator prices it end-to-end.
Airbnb host 3%
STR mgmt 15-25%
utils, wifi, insurance, subs
Annual gross revenue
$58,966
Net after operating costs
$28,002
before mortgage
Booked nights / year
230
Annual turnovers
66
RevPAR
$135
revenue per available night
How the math works
Short-term rental underwriting depends on three variables: ADR (daily rate), occupancy, and average stay length. Platform fees, cleaning costs, and management fees eat a meaningful share of gross. Focus on RevPAR (revenue per available night) to benchmark vs local STR competition.
The ADR × occupancy product is your revenue lever. Shorter stays mean more cleanings and more turnover cost but also more booking flexibility. Pro tip: minimum-stay rules (2-3 nights) dramatically reduce cleaning expense without destroying occupancy.
How to Use
- Enter ADR (average daily rate) from local comps — AirDNA is the standard data source.
- Enter expected occupancy. Tourist destinations 60-75%; urban locations 50-65%.
- Enter cleaning fee charged to guest and average stay length.
- Enter platform fee, cleaning cost to owner, and management fee.
- Add monthly fixed costs (utilities, wifi, insurance, subscriptions).
Frequently Asked Questions
How do I estimate ADR for a property?
Use AirDNA's MarketMinder or Rabbu for free estimates. Or manually pull 5-10 comparable STRs in your area and average their nightly rate at your target season. Hosts often publish annual revenue too.
What's a realistic occupancy?
Established listings in tourist destinations run 60-75%. Year-one hosts usually achieve 40-55% while building reviews. Urban markets run 50-65% with more weekday slack. Beware listings that claim 85%+ — rare.
Is 20% management fee worth it?
For remote owners, yes — professional management handles booking, pricing, cleaning coordination, guest issues. Self-manage saves the 20% but is a real part-time job. Semi-automated with a co-host can split the difference at 10-15%.
What about STR regulations?
Many cities now restrict or prohibit STRs. Check permit requirements, occupancy limits, hotel tax obligations, and HOA rules before buying. Regulation risk is the biggest overlooked STR downside.
Related Calculators
Airbnb Income Calculator
Gross income projection.
Airbnb Cash Flow Calculator
Full cash-flow detail.
Airbnb Occupancy Calculator
Size target occupancy.
STR vs LTR Calculator
Compare to long-term rental.
Cleaning Fee Calculator
Price the cleaning fee.
Vacation Rental Calculator
Seasonal vacation rental variant.
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