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Massachusetts Short-Term Rental Revenue Calculator

Estimate your Airbnb or VRBO revenue using Massachusetts market data. Property tax, insurance, and vacancy defaults are pre-filled with current Massachusetts averages. Cash-on-cash return separates a profitable STR from an expensive hobby.

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Revenue Assumptions

Investment & Financing

Operating Expenses(Massachusetts defaults)

Total Annual Operating Expenses$35,702

Massachusetts Market Context

Avg Cap Rate

4.5%

Median Price

$615K

Property Tax

0.95%

Vacancy Rate

3.2%

Local Factors

  • -Very low vacancy rates driven by Boston's education and biotech employment centers
  • -Strict tenant protection laws and potential rent stabilization efforts
  • -High barrier to entry but strong appreciation potential in eastern MA

How to Analyze a Short-Term Rental

Nightly rate × occupancy determines your top line, but the real story is in what's left after expenses. STRs carry higher operating costs than long-term rentals — cleaning, furnishing, platform fees, utilities, and guest supplies all eat into revenue.

RevPAN (Revenue Per Available Night) accounts for vacancy — it's your gross revenue divided by 365. This metric lets you compare properties regardless of how they're marketed or how stay lengths differ.

Management costs are the biggest variable. Self-managing saves 20–30% but costs you time. Full-service STR management typically runs 20–25% of gross revenue. Factor in your time honestly.

Always stress-test with lower occupancy — markets shift, regulations change, and new supply comes online. A deal that only works at 80% occupancy is a deal that's one bad season from going underwater.

Annual Cash Flow

$-26,021

Negative

Cash-on-Cash Return

-18.9%

Gross Revenue$48,960
Rental Income$36,210
Cleaning Fee Income$12,750
Operating Expenses$35,702
NOI$13,258
Annual Debt Service$39,279
Monthly Mortgage$3,273
RevPAN$134/night
Monthly Cash Flow$-2,168
Total Cash Invested$138,000
CASH FLOW$-26,021
Cash Flow$0
Mortgage$39,279
Management$9,792
Cleaning$8,500
Platform Fees$1,469
Property Tax$5,843
Insurance$1,698
Utilities$3,600
Maintenance$3,000
Supplies & Other$1,800

What does this mean?

This STR is losing money at these numbers. Either the nightly rate needs to increase, occupancy needs to improve, or expenses need to come down. Many hosts underestimate cleaning, furnishing, and platform fees.

Want to analyze a full deal with comps, rehab estimates, and flip projections?

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