Renting out your property on platforms like Airbnb can be a lucrative venture, but understanding the potential income and associated costs is crucial for success. This calculator helps you estimate your gross and net monthly income based on key performance indicators and expenses.
How the Calculator Works
The calculator uses the following logic to estimate your monthly Airbnb income:
Potential Occupied Nights: This is calculated by multiplying the total days in a month (approximately 30.4) by your Occupancy Rate.
Actual Nights Booked: This is determined by taking the Potential Occupied Nights and comparing it to your Average Nights Booked Per Month. The lower of the two will be used to ensure realistic booking numbers.
Gross Rental Revenue: This is the total revenue generated from nightly bookings. It's calculated as the Actual Nights Booked multiplied by the Average Nightly Rate.
Total Cleaning Fees: This is the sum of cleaning fees earned. It's calculated as the Actual Nights Booked multiplied by the Cleaning Fee Per Booking.
Total Revenue: The sum of Gross Rental Revenue and Total Cleaning Fees.
Airbnb Service Fee: This is the fee charged by Airbnb. It's calculated as a percentage of the Total Revenue (including cleaning fees). The formula is Total Revenue * (Airbnb Service Fee Rate / 100).
Additional Host Fees: This accounts for any other fees you might incur, such as platform fees or software subscriptions. It's calculated as a percentage of the Total Revenue. The formula is Total Revenue * (Additional Host Fee Rate / 100).
Total Deductible Fees: The sum of the Airbnb Service Fee and Additional Host Fees.
Net Income Before Fixed Costs: This is the revenue remaining after deducting platform and host fees from the Total Revenue.
Estimated Net Monthly Profit: This is your final estimated profit after subtracting Monthly Fixed Costs from the Net Income Before Fixed Costs.
Dynamic Pricing: Your Average Nightly Rate can vary significantly based on the season, local events, and demand.
Seasonality: Income will likely fluctuate throughout the year. This calculator provides a monthly average.
Variable Costs: Don't forget to factor in variable costs such as utilities, cleaning supplies, minor maintenance, and guest amenities, which are not explicitly included as fixed costs here.
Taxes: This calculation does not include income taxes, which will be a significant factor in your actual take-home pay. Consult a tax professional.
Vacancy: Unexpected vacancies can occur. It's wise to have a buffer for periods with lower bookings than anticipated.
By inputting your specific details, this calculator provides a valuable snapshot of your potential Airbnb earnings and helps in making informed decisions about your short-term rental business.
function calculateAirbnbIncome() {
var averageNightlyRate = parseFloat(document.getElementById("averageNightlyRate").value);
var nightsPerMonth = parseFloat(document.getElementById("nightsPerMonth").value);
var occupancyRate = parseFloat(document.getElementById("occupancyRate").value);
var cleaningFee = parseFloat(document.getElementById("cleaningFee").value);
var serviceFeeRate = parseFloat(document.getElementById("serviceFeeRate").value);
var hostFeeRate = parseFloat(document.getElementById("hostFeeRate").value);
var monthlyFixedCosts = parseFloat(document.getElementById("monthlyFixedCosts").value);
var resultDiv = document.getElementById("result");
// Input validation
if (isNaN(averageNightlyRate) || averageNightlyRate < 0 ||
isNaN(nightsPerMonth) || nightsPerMonth < 0 ||
isNaN(occupancyRate) || occupancyRate 100 ||
isNaN(cleaningFee) || cleaningFee < 0 ||
isNaN(serviceFeeRate) || serviceFeeRate < 0 ||
isNaN(hostFeeRate) || hostFeeRate < 0 ||
isNaN(monthlyFixedCosts) || monthlyFixedCosts < 0) {
resultDiv.innerHTML = "Please enter valid positive numbers for all fields.";
resultDiv.style.backgroundColor = "#dc3545"; // Red for error
return;
}
var daysInMonth = 30.4; // Average days in a month
var potentialOccupiedNights = daysInMonth * (occupancyRate / 100);
var actualNightsBooked = Math.min(nightsPerMonth, potentialOccupiedNights);
var grossRentalRevenue = actualNightsBooked * averageNightlyRate;
var totalCleaningFees = actualNightsBooked * cleaningFee;
var totalRevenue = grossRentalRevenue + totalCleaningFees;
var airbnbServiceFee = totalRevenue * (serviceFeeRate / 100);
var additionalHostFees = totalRevenue * (hostFeeRate / 100);
var totalDeductibleFees = airbnbServiceFee + additionalHostFees;
var netIncomeBeforeFixedCosts = totalRevenue – totalDeductibleFees;
var estimatedNetProfit = netIncomeBeforeFixedCosts – monthlyFixedCosts;
resultDiv.innerHTML = "Estimated Net Monthly Profit: $" + estimatedNetProfit.toFixed(2);
resultDiv.style.backgroundColor = "var(–success-green)"; // Green for success
}