Property Value Calculator for Short-Term Rentals Using NOI and Cap Rate
This property value calculator estimates your short-term rental's market value based on its income and cap rate.
Total rental income collected across all booking channels for the year, before any expenses are deducted.
All recurring costs to run the property for a year: cleaning, supplies, platform fees, insurance, maintenance, and management fees. Exclude mortgage principal.
The capitalization rate typical for STR properties in your market. Residential STR cap rates commonly fall between 5% and 10%.
Annual gross revenue minus annual operating expenses — the income figure that drives the valuation.
How the Calculator Helps Your STR Business
Instant Valuation Clarity
See your property's income-based value in seconds, without waiting on a broker's estimate.
Smarter Acquisition Decisions
Compare projected cap rates across listings before you commit capital to a new property.
Expense Impact Visibility
Understand exactly how rising operating costs reduce your asset's value, before they hit your bottom line.
How the Property Value Calculator Works
The calculator uses a simple income capitalization formula: it divides your net operating income by your cap rate to produce an estimated property value. Enter three numbers, get one output you can use in a refinancing conversation or portfolio review.
Gross Annual Revenue
Total rental income generated in a year before any costs are deducted, sourced from channel payouts.
Sets the revenue ceiling the calculator works from — it is the starting point for deriving net operating income.
Annual Operating Expenses
Every recurring cost tied to running the property: cleaning, supplies, platform fees, insurance, maintenance, and property management fees.
Subtracted from gross revenue to produce net operating income, which is the figure that directly drives the valuation output.
Cap Rate (%)
The capitalization rate typical for short-term rental properties in your market, usually between 5% and 10% for STRs.
A lower cap rate produces a higher estimated value, so using a rate that reflects your local market keeps the output realistic.
Run Your First Property Value Calculator Calculation Today
Enter your revenue, expenses, and cap rate to get a property value estimate in seconds no spreadsheet required.
No credit card required. Cancel anytime.
Frequently Asked Questions
Does the Calculator Work for Properties With Seasonal Revenue Swings?+
Yes. Enter your Gross Annual Revenue as the full 12-month total, high season and low season combined. Averaging a single peak month will overstate value by 30–40% in most vacation markets.
What Cap Rate Should You Use in an Unfamiliar Market?+
Pull sold-listing data from a local STR-focused broker or use platforms like AirDNA to benchmark cap rates by zip code. Entering a generic 8% when your target market trades at 5.5% will make a bad deal look like a good one.
Should Management Fees Be Included in Annual Operating Expenses?+
Yes, Annual Operating Expenses should reflect every recurring cost: management fees, cleaning, supplies, insurance, utilities, and platform fees. Leaving out a 20% management fee on a $90,000 revenue property understates expenses by $18,000 and inflates the output significantly.
How Does Self-managing Versus Hiring a Property Manager Affect Results?+
Self-managing typically cuts operating expenses by 15–25%, raising net operating income and pushing calculated value higher. Run the tool twice, once with management fees, once without, to see the actual dollar difference.
Can This Calculator Be Used for Multi-unit Portfolios?+
Enter portfolio-level totals across all three fields for a combined valuation. For individual comparisons, run each unit separately, blended numbers hide underperforming listings that drag down overall portfolio value.