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Short-Term Rental
Maximize yield through nightly occupancy in tourist and business markets
Short-term rentals can generate 2-3x the gross rent of a long-term lease, but require active management, higher operating costs, and navigating local regulations.
Average daily rate from comparable listings
Booked nights ÷ total available
Annual projected gross rent ÷ purchase price
NOI (after 50% opex) ÷ property value
Confirm the municipality allows STRs. Some cities require a license, limit the number of nights per year, or prohibit non-owner-occupied STRs entirely.
Use AirDNA or scrape local Airbnb/Vrbo listings to estimate ADR and occupancy. Factor in seasonal variation — summer peak may not carry the whole year.
Expect 35-50% opex ratio for STRs (higher than LTR due to cleaning, turnover, supplies, and platform fees). The calculator tab has an STR mode with appropriate defaults.
Professional photography, competitive pricing, and instant-book are table stakes. Use dynamic pricing tools and review management to maintain Superhost status and lift occupancy.