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Wyoming Short-Term Rental Revenue Calculator

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

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Revenue Assumptions

Investment & Financing

Operating Expenses(Wyoming defaults)

Total Annual Operating Expenses$27,054

Wyoming Market Context

Avg Cap Rate

5.5%

Median Price

$484K

Property Tax

0.58%

Vacancy Rate

5.5%

Local Factors

  • -No state income tax and low property taxes benefit investor returns
  • -Small population and limited rental market makes finding tenants slower
  • -Energy sector and tourism (Jackson Hole, Yellowstone) drive localized demand

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

$-31,702

Negative

Cash-on-Cash Return

-28.4%

Gross Revenue$26,265
Rental Income$13,515
Cleaning Fee Income$12,750
Operating Expenses$27,054
NOI$-789
Annual Debt Service$30,913
Monthly Mortgage$2,576
RevPAN$72/night
Monthly Cash Flow$-2,642
Total Cash Invested$111,800
CASH FLOW$-31,702
Cash Flow$0
Mortgage$30,913
Management$5,253
Cleaning$8,500
Platform Fees$788
Property Tax$2,807
Insurance$1,306
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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