Purchase & setup
$
$
$
Financing
%
%
yrs
Bookings
$
%
nights
$/stay
$/turn
%
Operating expenses
$
$
$
$/mo
$/mo
%
%
%
Monthly cash flow
$0
Cash-on-cash return
0%
Cap rate
0%
Break-even occupancy
0%
RevPAR
$0
| Rental revenue | |
| Cleaning fees collected | |
| Cleaning costs paid | |
| Platform / host fees | |
| Property management | |
| Property taxes | |
| Insurance | |
| HOA | |
| Utilities | |
| Supplies | |
| Maintenance | |
| CapEx reserve | |
| Net operating income | |
| Debt service (P&I) | |
| Monthly cash flow |
| Down payment | |
| Closing costs | |
| Furnishing & setup | |
| Total cash needed |
Break-even occupancy is the booking rate at which monthly cash flow hits zero, holding your nightly rate and expense ratios constant. Property management, maintenance, and CapEx are calculated on rental revenue only — cleaning fees and costs are shown separately since they largely offset each other.
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