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⚖️ STR vs LTR Calculator

Compare short-term rental income vs long-term rental income on the same property. See monthly cash flow, CoC return difference, and 5-year total.

📍 Property Address (optional)
InputsYour Numbers
Property & Financing
Purchase Price?
$
Down Payment %?
%
Interest Rate %?
%
Property Tax / mo?
$
Insurance (STR) / mo?
$
Utilities / mo (STR)?
$
Supplies / mo (STR)?
$
STR Performance
ADR (nightly rate)?
$
STR Occupancy %?
%
Airbnb Platform Fee %?
%
Cleaning Fee / stay?
$
Avg Stay Length (nights)?
LTR Performance
LTR Monthly Rent?
$
LTR Vacancy %?
%
LTR Management %?
%
LTR Maintenance %?
%
As-Is AnalysisCurrent
Enter values to see results
STR Monthly CF
--
Airbnb/VRBO
LTR Monthly CF
--
traditional rental
STR Premium
--
extra per month
STR vs LTR CoC
--
return difference
STR Cash Flow (Monthly)
STR Net Revenue--
STR-Specific Costs--
Shared Costs (mortgage, tax, ins)--
STR Monthly Cash Flow--
LTR Cash Flow (Monthly)
LTR Gross Rent--
Vacancy + Management + Maint--
Mortgage + Tax + Insurance--
LTR Monthly Cash Flow--
Pro FormaAfter Plan
Enter pro forma values
Annual STR CF
--
full year
Annual LTR CF
--
full year
STR Extra Effort
--
vs passive LTR
Premium per Hour
--
est. 10 hrs/mo extra
5-Year Comparison
5-Year STR Total CF--
5-Year LTR Total CF--
5-Year STR Advantage--

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1
Enter Property and Financing
Same property analyzed two ways. Mortgage, tax, and property insurance are the shared baseline costs.
2
Enter STR Performance
ADR, occupancy, and platform fee drive STR revenue. STR also has higher variable costs: utilities, supplies, and STR insurance.
3
Enter LTR Performance
Monthly rent, vacancy, management, and maintenance. LTR insurance is lower (LTR landlord policy vs STR rider), and no utilities or supplies.
4
Read the Premium
The STR premium is how much more (or less) STR generates per month vs LTR. This is what justifies the additional management effort.
5
Consider the Effort Value
STR requires significantly more time than LTR: guest communication, turnovers, maintenance. The calculator estimates value per extra hour worked.
6
Check Your Market's Regulations
Before committing to STR, verify local STR regulations. Many cities now require permits, cap STR units, or ban non-owner-occupied STRs entirely.

The STR vs LTR decision is not purely financial -- it involves time commitment, regulatory risk, and market conditions. STR can generate 2-3x LTR income in the right markets, but requires active management or a co-host.


STR typically wins on: high-demand tourist/business destinations, properties with unique features, coastal/ski/resort markets. LTR typically wins on: suburban residential markets with low tourist demand, markets with strict STR regulations, and for investors who want passive income.


A key insight: many investors start with STR, then switch to LTR (or MTR -- medium-term 30-90 day rentals) if STR regulations tighten, or if the occupancy premium doesn't justify the management effort.

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