Short-term rental calculator

Put your next deal to the test. Free to use and share.

USD · Estimates before tax

Assumptions & results

Model nightly revenue, occupancy, and the cost of hosting.

Calculation method & assumptions

Revenue uses 365 nights per year, your nightly rate, occupancy, and guest cleaning fees. Cash flow subtracts operating expenses, reserves, and loan payments. Cash-on-cash return divides annual cash flow by initial cash invested. Estimates exclude income taxes, appreciation, and changes in rates or revenue.

Purchase & setup

Purchase price

Purchase closing costs

Repairs & renovation

Furnishing & setup

Financing

Fixed-rate, fully amortizing loan. Set down payment to 100% for a cash purchase.

Down payment

Annual interest rate

Loan term

Bookings & revenue

An average month uses 365 ÷ 12 nights. Occupancy is the share of nights booked.

Average nightly rate

Occupancy

Average stay

Cleaning fee per stay

Cleaning cost per stay

Platform fees

Applied to nightly revenue plus guest cleaning fees.

Operating expenses

Management and maintenance are percentages of collected rent (nightly revenue for short-term rentals).

Property taxes / year

Insurance / year

HOA / month

Owner-paid utilities / month

Other expenses / month

Property management

Maintenance allowance

Capital expenditure reserve

Cash set aside for major replacements. Deducted from cash flow, not NOI.

Your deal at a glance

Updates as you type

Purchase performance

Monthly cash flow

$412 After operating expenses, reserves, and financing

Annual cash flow: $4,940
Cash-on-cash return: 5.34%
Cap rate: 9.22%
Debt service coverage: 1.5
Rental income / month: $4,613
Net operating income / month: $1,920
Booked nights / month: 19.8

Cash to close

Down payment: $62,500
Purchase closing costs: $5,000
Cash to close: $67,500
Repairs & renovation (cash): $10,000
Furnishing & setup: $15,000
Total initial investment: $92,500

Cash to close covers your purchase contribution and closing fees. Setup and renovation add to the initial investment.

Operating expenses

Per month

Property taxes: $250
Insurance: $125
HOA: $0
Utilities: $300
Other expenses: $100
Property management: $791
Maintenance: $198
Cleaning costs: $791
Platform fees: $138
Total operating expenses: $2,693
Capital reserves: $198
Loan payment (principal + interest): $1,311

Capital reserves and loan payments are deducted separately from net operating income.

How this estimate works

Cash flow is before income taxes. Appreciation, tax benefits, and future rent growth are excluded. NOI excludes debt payments and capital reserves.

Revenue uses a constant occupancy and nightly rate across the year. Add owner-paid lodging taxes and permits to other expenses; guest-paid pass-through taxes are excluded.