STR vs LTR calculator — Ohio
Midwest cash-flow markets like Ohio often hinge on purchase price discipline and accurate rent comps. Default rent inputs are drawn from HUD FMR data—stress-test maintenance and capex on older homes. Same math as the national STR vs LTR calculator; numbers are educational—not lender instructions.
Calculator
STR vs LTR
Compare operating scenarios on the same financing. Adjust occupancy, fees, and rent to see cash flow and coverage.
Δ cash flow $2,552 · Purchase $300,000
STR cash flow
$1,152
LTR cash flow
-$1,400
STR DSCR
1.72
LTR DSCR
0.12
STR assumptions
LTR assumptions
Results
Δ Cash flow
$2,552
Δ NOI/yr
$30,621
STR CF
$1,152
LTR CF
-$1,400
STR vs LTR calculator
Compare short-term (nightly) and long-term rent on the same property. STR uses annual occupancy and platform fees; LTR uses contract rent and vacancy. Shared mortgage and purchase price apply to both—numbers are illustrative.
Short-term (STR)
Long-term (LTR)
Shared
Comparison
Δ Monthly cash flow (STR − LTR)
$2,552
Δ NOI (annual, STR − LTR)
$30,621
Short-term (STR)
Effective monthly income
$3,549
Monthly cash flow
$1,152
NOI (annual)
$32,991
Cap rate
11.00%
DSCR
1.72
Above 1.0 covers debt
Cash-on-cash
23.05%
Long-term (LTR)
Effective monthly rent
$998
Monthly cash flow
-$1,400
NOI (annual)
$2,370
Cap rate
0.79%
DSCR
0.12
Below 1.0 is tight
Cash-on-cash
-27.99%
STR gross bookings = nights booked × nightly rate (nights = 365 × occupancy %). Net of platform fees = gross × (1 − fee %). LTR uses contract rent with vacancy. Loan balance = purchase × (1 − down %).
Frequently asked questions
- How do STR platform fees affect returns?
- Platform fees reduce gross booking revenue before operating expenses. This calculator applies your fee percentage to gross nightly revenue after occupancy.
- What occupancy makes short-term rental worth it vs long-term?
- It depends on nightly rate, fees, and expenses. Raise occupancy or nightly rate until STR cash flow and NOI beat your long-term rent scenario on the same financing.
Real estate investing in Ohio
Real estate investing in Ohio
Rust-belt cities can offer stronger yields but higher turnover or rehab risk. Build reserves into your model rather than relying on best-case rent alone.
- Typical 2BR rent
- ~$1,050/mo
- Effective property tax
- ~1.59% of home value
- State income tax
- Up to 3.75%
Rent: HUD FMR 2025 · Property tax: Tax Foundation 2022 · Adjust all calculator inputs to match your specific deal.
Other calculators for Ohio: BRRRR Calculator · Fix and Flip Calculator. All calculators · Investment property calculator