Short-term rental underwriting
Airbnb & Short-Term Rental Calculator
Underwrite an Airbnb or VRBO with realistic seasonality, cleaning fees, and platform commissions. Adjust the assumptions on the left to see ADR, RevPAR, NOI, and cash-on-cash returns update instantly.
Property & revenue assumptions
Acquisition
Seasonality
Fees & platform
Operating expenses (monthly)
Estimates only — verify local STR regulations and lodging taxes.
Results
Cash-on-cash
2.36%
Cap rate
6.86%
Monthly cash flow
$269
Revenue model
- Booked nights / year
- 229
- Annual occupancy
- 62.88%
- ADR (avg daily rate)
- $232
- RevPAR
- $146
- Gross room revenue
- $53,220
- Platform fees (15%)
- -$7,983
- Net room revenue
- $45,237
Cash flow
- Net room revenue
- $45,237
- Fixed operating (annual)
- -$12,120
- Co-host / management
- -$0
- Maintenance reserve
- -$2,262
- NOI
- $30,855
- Mortgage P&I ($2,302/mo)
- -$27,628
- Annual cash flow
- $3,227
- Total cash invested
- $136,500
Cleaning fees are modeled as pass-through (charged to guest, paid to cleaner) and cancel out of cash flow. To stress-test, increase the cleaning-fee cost without raising the charge in your listing.
Want a long-term rental view instead? Read the rental property ROI guide.
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