Short-Term Rental
Airbnb / VRBO analysis with seasonal pricing and occupancy modeling
Acquisition & Setup
$
%
%
%
One-time costs to prepare the property for guests.
$
Furniture, decor, linens, kitchenware, etc.
$
Seasonal Revenue
$
%
$
%
$
%
Fee charged to guest per booking. Offsets your cleaning costs.
$
Average number of nights per booking. Affects turnover frequency and cleaning costs.
nights
Airbnb host fee is ~3% (split fee) or 14-16% (host-only pricing).
%
Operating Expenses
Fixed Monthly Costs
$
STR insurance is typically higher than LTR. Budget accordingly.
$
$
You pay utilities in STR (guests don't). Budget higher than LTR.
$
$
$
$
Variable Costs (% of Net Revenue)
STR management companies charge 15-25%. 0% if self-managing.
%
%
Ongoing replacement of towels, linens, toiletries, kitchen items.
%
Growth Assumptions
%/yr
%/yr
%/yr
yr
Revenue by Season
Annual Cash Flow Projection
Revenue Summary
Annual Gross Revenue$56,700
Platform Fees-$1,701
Net Revenue$54,999
Occupied Nights/yr228
Avg Occupancy62.5%
Blended Nightly Rate$199
RevPAN$151
Year 1 Returns
NOI$26,339
Debt Service$25,548
Cash Flow$792
Monthly Cash Flow$66
Cash-on-Cash0.6%
Cap Rate6.6%
Break-Even Occupancy65.2%
Startup Costs
Down Payment$80,000
Closing Costs$12,000
Renovation$25,000
Furnishing$15,000
Total Cash to Start$132,000
10-Year Outlook
Total Cash Flow$53,292
Equity at Sale$225,337
Total Return$146,629
Return on Cash111.1%