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Midterm vs STR

Does nightly STR net more than a furnished midterm lease after fees and ops?

Your numbers

Monthly edge for STR vs midterm

-$170

STR monthly net$2,994
Midterm monthly net$3,164
STR gross after platform fees$4,794

Tip. Educational estimate with the assumptions listed on this page. Not tax, legal, or investment advice.

Assumptions

  • Rent or PITI is excluded from both ops so the comparison is operating style, not financing.
  • Add the same housing cost to both sides mentally, or include it in both ops if you prefer.
  • Regulation risk is not priced.

Explore the numbers

Examples

Load a scenario, then change one input at a time.

Example 1

Default

65% STR vs $4,200 midterm.

Monthly edge for STR vs midterm

-$170

Example 2

STR winter

48% occupancy.

Monthly edge for STR vs midterm

-$1,424

Example 3

High ADR market

$380 nights.

Monthly edge for STR vs midterm

$1,185

What this calculates

Compare monthly net from a short-term rental versus a midterm furnished rental using occupancy, fees, vacancy, and operating costs.

How to use it

  1. Use winter STR occupancy, not July.
  2. Put cleaning and software in STR ops.
  3. If STR wins by $200, that is not a mandate. It is a fragile edge.

Common mistakes

  • Comparing STR gross to midterm net.
  • Leaving utilities out of STR ops.
  • Ignoring 30-day minimum laws.

Formula

STR net = ADR × occupancy × days × (1 − fees) − STR ops. Midterm net = rent × (1 − vacancy) − midterm ops.

FAQ

Why exclude the lease?

It is the same property either way. The difference is revenue quality and ops.

What occupancy voids an STR win?

Drop occupancy in this form until the edge flips. That is your risk number.

Are midterms easier to run?

Usually fewer turns, more credit risk, different insurance. This page is only the cash comparison.

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