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Virginia Short-Term Rental Revenue Calculator

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

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Revenue Assumptions

Investment & Financing

Operating Expenses(Virginia defaults)

Total Annual Operating Expenses$30,584

Virginia Market Context

Avg Cap Rate

5.2%

Median Price

$444K

Property Tax

0.75%

Vacancy Rate

5.6%

Local Factors

  • -Northern Virginia benefits from federal government and defense contractor employment
  • -Hampton Roads has military base-driven rental demand
  • -Richmond is an emerging investment market with lower entry prices than NoVA

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

$-21,202

Negative

Cash-on-Cash Return

-20.4%

Gross Revenue$37,740
Rental Income$24,990
Cleaning Fee Income$12,750
Operating Expenses$30,584
NOI$7,156
Annual Debt Service$28,358
Monthly Mortgage$2,363
RevPAN$103/night
Monthly Cash Flow$-1,767
Total Cash Invested$103,800
CASH FLOW$-21,202
Cash Flow$0
Mortgage$28,358
Management$7,548
Cleaning$8,500
Platform Fees$1,132
Property Tax$3,330
Insurance$1,674
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.

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