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Airbnb vs long-term rental

Compare short-term (STR) and long-term (LTR) cash flow on the same property. Adjust assumptions to see NOI, cash-on-cash, and the occupancy where STR matches LTR.

For illustration only — not tax, legal, or investment advice. Numbers are estimates based on your inputs.

Purchase & financing

Purchase price

Down payment

Closing costs

Loan amount

Mortgage APR

Loan term (years)

Shared annual costs

Property tax

Maintenance

HOA

Short-term rental (STR)

Average daily rate (ADR)

Occupancy

Avg stay (nights)

Cleaning per turnover

OTA / platform fees

STR management

STR insurance

STR utilities

STR supplies

Furnishing (one-time)

Long-term rental (LTR)

Monthly rent

Vacancy

LTR management

LTR insurance

LTR utilities (owner-paid)

Debt service

Monthly mortgage (P&I): $1,327
Annual debt service: $15,928

Short-term rental

Gross revenue: $63,875
Operating expenses: $39,309
NOI: $24,566
Cash flow: $8,638
Cap rate: 8.77%
Cash-on-cash (down + closing): 11.37%
Cash-on-cash (+ furnishing): 10.04%

Long-term rental

Effective gross income: $27,360
Operating expenses: $10,464
NOI: $16,896
Cash flow: $968
Cap rate: 6.03%
Cash-on-cash (down + closing): 1.27%

Break-even STR occupancy

55.2%

Occupancy where STR annual cash flow equals LTR, holding average stay constant. Primary cash-on-cash uses down payment + closing on both sides; STR also shows cash-on-cash including one-time furnishing.

Cash-on-cash return

Estimate annual cash-on-cash and cap rate for a single property with down payment, closing, and rehab.

Cash-on-cash calculator