Calculate short-term rental income, occupancy revenue, and net cash flow for Airbnb and vacation rental properties.
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The Chen family is buying a $340,000 home in Columbus, Ohio. Combined income $115,000, 10% down payment, 30-year fixed at 7.125%.
Takeaway: Columbus/Franklin County averages are the reference baseline. Property tax rates and insurance premiums shift significantly by ZIP code and HOA status. Plug your actual numbers in above.
We default to state-average millage rates. County and municipal rates vary 40%+ within a single state. Ohio ranges from 0.8% (rural counties) to 2.4% (Cuyahoga/Cleveland area). Always cross-check your specific county assessor's published effective rate.
Property Tax by StateHomeowner association fees add $100-$800/month in condos and planned communities. Condos in urban markets often run $400-$700/month. If your property has HOA, add it manually to any payment estimate — it directly affects your debt-to-income ratio for loan qualification.
HOA Fee CalculatorClosing costs typically run 2-5% of the loan amount — around $6,000-$15,000 on a $300K home. Lender fees, title insurance, escrow, and prepaid taxes add up fast. These are due at closing in cash, not rolled into the mortgage by default.
Closing Costs CalculatorPrivate mortgage insurance (PMI) costs 0.5-1.5% of the loan annually until you reach 20% equity. On a $300K loan at 1%, that's $250/month. PMI cancels automatically at 78% LTV under federal law — but you can request removal at 80%.
National home price appreciation has averaged ~4% annually since 1968, but markets diverge dramatically. Sun Belt metros averaged 10%+ during 2020-2022; coastal markets often lag the national average during correction cycles. Local supply constraints are the main driver.
If you've lived in the home 2 of the last 5 years, you can exclude $250K (single) or $500K (married) of gain from federal capital gains tax. Many calculators show gross profit without applying this exclusion. Relevant when projecting sale proceeds.
Home Sale Capital Gains CalculatorBased on your inputs
237 nights booked/year
| Nights Booked | 237 |
|---|---|
| Gross Revenue | $41,519 |
| Platform Fees | -$1,246 |
| Net Revenue | $40,273 |
| Operating Expenses | -$6,600 |
| NOI (before mortgage) | $33,673 |
| Annual Cash Flow | $15,673 |
| Monthly Cash Flow | $1,306 |
| RevPAN (Revenue/Available Night) | $110.34 |
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Average Airbnb hosts earn $13,800/year, but this varies widely. A desirable property in a high-demand market can earn $50,000–$150,000/year. Most STRs beat long-term rental income by 30–60%.
Airbnb host fees (3%), cleaning fees (if not charged separately), consumables (linens, toiletries), utilities, property management (20–30%), maintenance, insurance, and taxes.
New listings average 40–55% occupancy. Established, well-reviewed properties in good markets achieve 65–80%. Beach/ski resort areas can hit 85%+ in peak season.
Yes. Short-term rental income is generally subject to income tax. If rented fewer than 15 days/year, income is tax-free. You may also owe lodging/occupancy taxes collected by Airbnb.
Research comparable listings within 1 mile using AirDNA or Mashvisor. Price 10-15% below top competitors when starting to build reviews. Use dynamic pricing tools like PriceLabs or Beyond to automatically adjust rates based on demand, seasonality, and local events.
2-3 bedroom homes and condos near tourist attractions perform best. Unique properties (cabins, treehouses, tiny homes) command premium rates. Studio apartments work in urban markets. Properties near beaches, ski resorts, and national parks have the highest revenue potential.
Yes. Standard homeowner's insurance does not cover short-term rental activity. Get a commercial or short-term rental insurance policy ($1,500-$3,000/year). Airbnb offers $1M Host Protection but has coverage gaps. Proper insurance covers liability, property damage, and lost income.
Top expenses include cleaning (20-30% of revenue), property management (20-25% if outsourced), furnishing and supplies ($5,000-$15,000 initial), utilities ($200-$400/month), maintenance, platform fees (3-15%), and occupancy taxes. Self-managing saves the largest single expense.
Many cities now restrict short-term rentals with permit requirements, occupancy limits, minimum stay rules, or outright bans in certain zones. Check local ordinances before purchasing. Regulations can change quickly, so have a long-term rental fallback plan for any STR investment.
Use smart locks for keyless check-in, automated messaging tools for guest communication, dynamic pricing software for rate optimization, and noise monitoring devices for neighbor relations. Channel managers sync calendars across Airbnb, Vrbo, and Booking.com to prevent double bookings.
Gross Revenue = Days Booked × Nightly Rate + Cleaning Fees
Net Revenue = Gross Revenue − Platform Fees
Cash Flow = NOI − Mortgage
Every formula on this page traces to a federal agency, central bank, or peer-reviewed institution. We cite the rule-makers, not secondhand blogs.
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Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.