How to use
Start with the worked example to understand the inputs, then replace every relevant value with your own figures. Use one currency and consistent units throughout. Add or remove rows where offered; irrelevant conditional fields are disabled and excluded. Select Calculate after editing. Review negative values and any “not determined” result rather than assuming every scenario must be profitable. Download a text summary or print the page for your records.
Formula and assumptions
Compare annual net operating income before financing, depreciation and income tax. Long-term rent allows vacancy and management fees. Short-term income uses 365 nights, occupancy, nightly price and a cleaning charge per stay. Deduct platform/management percentages from room plus cleaning revenue, then turnover cleaning, nightly variable expenses and annual fixed costs. Break-even occupancy matches the long-term result; a requirement over 100% is infeasible. Management-hour returns use your annual hours, and yield uses entered property value. Fees are manual, not an automatic Airbnb schedule. Check local short-let permission separately.
STR NOI = occupied nights × [nightly + cleaning charge / stay] × (1−fees) − occupied nights × [variable + cleaning cost / stay] − fixed costs
Worked example
Example only: replace rates with your own figures.
Inputs
- Long-term monthly rent: 1500
- Long-term vacancy: 5 %
- Long-term management fee: 8 %
- Other annual long-term operating costs: 2000
- Short-term nightly room rate: 100
- Short-term occupied nights: 60 %
- Average nights per short-term stay: 3
- Cleaning fee charged per stay: 30
- Cleaning expense per stay: 40
- Short-term platform fee on room and cleaning revenue: 3 %
- Short-term management fee on room and cleaning revenue: 15 %
- Other variable expense per occupied night: 5
- Annual short-term fixed costs: 4000
- Annual long-term management hours: 30
- Annual short-term management hours: 200
- Property value (0 = omit yield): 200000
- Long-term annual net operating income: 13732 USD
- Short-term annual net operating income: 11738.8 USD
- Short-term advantage: -1993.2 USD
- Occupancy needed to match long-term: 67.5985 %
- Long-term income per management hour: 457.733 USD
- Short-term income per management hour: 58.694 USD
- Long-term net operating yield: 6.866 %
- Short-term net operating yield: 5.8694 %
Frequently asked questions
Are the example rates current market prices?
No. Example inputs demonstrate arithmetic, not live prices, tax rules, salary surveys or sponsor benchmarks. Enter a dated quote, bill, manufacturer specification or verified fee schedule that applies to your situation. Compare a conservative and an optimistic scenario separately.
Why is a result not determined?
Some calculations have no meaningful value when a denominator is zero, savings are non-positive, a target cannot be reached or your data do not bracket an intersection. The tool leaves that result undetermined instead of displaying infinity or inventing a recommendation. Check the method and your inputs.
Sources
Sources explain the underlying concepts, not an endorsement of this website or its results. Method review: 20 October 2026.