The Deal

Purchase price

Down payment (%)

Interest rate (%)

Amortization (years)

Closing costs (% of price)

Furnishing and setup budget

STR Revenue

Use real comps for the exact bedroom count and neighborhood (AirDNA, Rabbu, or a local co-host), not the citywide average.

Average daily rate (ADR)

Occupancy (%)

Cleaning fee charged per stay

Average length of stay (nights)

Platform host fee (%)

Operating Costs

Management / co-host (% of revenue)

Cleaning cost per turnover

Supplies per occupied night

Utilities and internet (monthly)

Insurance, STR policy (annual)

Property taxes (annual)

HOA (monthly)

Maintenance (% of revenue)

CapEx and refresh reserve (% of revenue)

The Long-Term Rental Alternative

The honest test of an STR is the lease you gave up. Same house, same debt.

Market rent (monthly)

Vacancy (%)

Management (%)

Maintenance and turns (%)

Reset to defaults

The Underwrite

Gross revenue

NOI

Cash flow

Cash on cash

DSCR

0.00x

STR vs lease

Operating Statement

Full Comparison & Sensitivity Full Report

The STR-versus-lease side-by-side, a 25-cell cash flow sensitivity grid across ADR and occupancy, the action list, and a printable underwriting summary.

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STR vs Long-Term Rental, Same House

Sensitivity: Cash Flow by Occupancy and ADR

Occupancy

Occupancy moves in the rows, ADR in the columns. The cell you buy in is rarely the cell you operate in: underwrite to the cell one down and one left of your comp set.

STR Underwriter