Airbnb vs long-term rental calculator

Same property, two strategies. Put in what a guest would pay per night and what a tenant would pay per month, and see which one actually leaves more in your pocket.

Short-term (Airbnb / Vrbo)

Utilities, wifi, supplies, STR insurance, software, permit

Replacing linens, furniture, décor

Long-term lease

5–8% is a common allowance

Often 8–12% of rent

Repairs, landlord policy

Costs you pay either way

Net income per year

Short-term$646
Long-term−$2,040
Crossover occupancy (STR = LTR)55.9%

Short-term earns $2,686 more a year at 60% occupancy, before counting the extra hours you or a co-host spend running it.

crossover 56%long-termshort-term0%50% occupancy100%
Short-termLong-term
Gross$52,873$27,360
Fees & management−$8,195$0
Strategy-specific costs−$16,431−$1,800
Shared costs−$27,600−$27,600
Net$646−$2,040

Why the lines cross

A lease is a flat line: the tenant pays the same rent whether you think about the property or not. A short-term rental is a sloped line that starts below zero at 0% occupancy, because you pay utilities, supplies, insurance and furnishing whether or not anyone books, and climbs with every booked night by about $178 net. The steeper the slope (higher rate, lower fees) and the higher it starts (lower STR-only costs), the lower the crossover. Change the nightly rate or the platform above and watch the crossover move in the chart.

Get a second opinion on these numbers

An AI reviewer reads the scenario you have entered above and points out optimistic assumptions and the levers that matter most. It only sees these numbers, never anything personal. It is not tax or legal advice.

Short-term vs long-term rental: what really differs

FactorShort-term (Airbnb/Vrbo)Long-term lease
IncomeHigher gross, seasonal, variableLower, steady, predictable
Who pays utilitiesYouUsually the tenant
FurnishingRequired, wears outNot needed
Platform fees≈15.5% (Airbnb) or ≈8% (Vrbo)None (listing sites are cheap or free)
Your timeMessaging, turnovers, restockingScreening, occasional repairs
RegulationPermits, night caps, bans in some cities/HOAsTenant protection and eviction law
FlexibilityUse it yourself, change strategy quicklyLocked in for the lease term

How to decide

  1. Get realistic STR numbers from comparable listings: nightly rates by season and how booked their calendars look. The seasonal revenue calculator turns those into an annual figure.
  2. Get a realistic rent from recent lease listings for the same size home.
  3. Find the crossover occupancy here. Then ask: do comparable Airbnbs clear it in a bad year?
  4. Put a price on your time. If STR only wins by a few thousand dollars, a co-host at 20% may wipe that out.
  5. Check the rules. A city permit cap or HOA ban can make the whole question moot.

Questions hosts ask

Is Airbnb more profitable than a long-term rental?

In gross revenue a short-term rental usually wins, often by 1.5 to 3 times the monthly rent. In net income the gap shrinks because the host pays for cleaning, utilities, furnishing, platform fees, supplies and more vacancy. Whether it wins depends on the occupancy you can actually achieve, which is why this calculator shows the crossover point.

What is the crossover occupancy?

The occupancy at which short-term rental net income equals the long-term rental's net income. If comparable Airbnbs near you comfortably beat it even in their slow months, short-term renting is likely to pay more; if they hover near it, the extra work and risk may not be worth it.

What are the non-financial differences?

Short-term rentals mean frequent guest communication, turnovers, restocking, reviews and more wear. They also face permit rules, night caps or bans in many cities and HOAs. Long-term rentals bring tenant-screening, eviction risk and tenant protection laws, but far less day-to-day work.

What about mid-term rentals?

Furnished stays of 30 days or more (for travelling nurses, relocations and remote workers) sit in between. They avoid many short-term rental rules, have fewer turnovers and lower fees, and often rent for more than an unfurnished lease. You can model one here by using a mid-term monthly rate as the long-term rent and adding furnished-unit utilities to landlord costs.

Run the other numbers