Let’s cut the B.S.
You came to this site looking for how to make money with Airbnb.
You may already have a few Airbnb units or just one you’d need an Airbnb calculator for.
Or you may be in the REALLY early stages and trying to figure out if running and Airbnb is going to be profitable for you.
What is an Airbnb Calculator
Our Airbnb calculator is a web app that allows you to enter your expenses and income as it relates to Airbnb properties.
There are some nuances of running an Airbnb rental property which must be addressed by any investment calculator or profitability spreadsheet.
How is an online calculator different from a spreadsheet?
Well, the difference is that the inputs in an online calculator are generally “static”.
This means you don’t have as much capability to modify the rows, columns, or calculations like you would in a spreadsheet.
This may seem like a disadvantage, but it allows more standardized data to be processed by the calc. This means that you’re more likely to be adding the correct and relevant numbers every time.
So, if we have 10000 entering data into the calculator, we can do some data mining or deep learning to glean useful trends from the large data set.
Data mining is the process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems.
Data mining is an interdisciplinary subfield of computer science and statistics with an overall goal to extract information (with intelligent methods) from a data set and transform the information into a comprehensible structure for further use.
If it were a spreadsheet system, it would be much more difficult to look at data from various individual customizations.
How accurate are Airbnb Calculator Apps?
Well, these apps and spreadsheets are not generally used to achieve accounting accuracy.
The purpose is to help you compare and contrast opportunities and further clarify any ideas you may have about investing in a vacation rental property.
Your goal in projecting possible profit is to gauge your personal or business risk tolerance against the potential reward of running a specific rental unit.
The investment calculator for Airbnb is only a tool to help you reach your goal.
With that said, it goes without saying that no potential investor should rely solely on calculators, spreadsheets, or pure numbers to fully commit to an opportunity.
How You Can Use This Airbnb Calculator to See Profits on Your Investment
Well, filling it out with the most accurate data possible will give you or your team the highest level of confidence in the process of buying a condo or home to rent out on Airbnb.
It is always recommended by us to overestimate your costs and underestimate your income.
Be as realistic as possible while developing your gameplan around these profitability spreadsheets for Airbnb or investment calculators.
Airbnb Investment Calculator
This is another type that focuses on investment returns.
The standard Airbnb calculator can also be used as an Airbnb investment calculator in general.
Not much more to this other than an investment calculator may include further details on loan terms, cliffs, and other advanced topics you may not need for smaller portfolios.
Airbnb Profit Calculator
Same as above. But the focus on this calculator is less on overall investment returns and more on optimizing month to month or per-stay Airbnb profit.
That’s all about Airbnb Calculator. We like to consider the use of these type of Airbnb profit calculators for Airbnb to get really detailed into optimizing per-stay metrics. Getting down and dirty with unit economics will help you understand every nook and cranny that needs to be optimized for a vacation rental business.