Are you in need of a practical yet efficient Airbnb calculator? We are reviewing the top three calculators for 2023 to see which is the best.
Since its launch in 2008, Airbnb has spawned an entirely new business of short-term vacation rentals. Platforms like Airbnb and Vrbo have shaken the hotel sector, establishing a shared economy of everyday homeowners who are now full-fledged short-term rental business owners. They have liberalized the vacation sector, giving power to regular homeowners.
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Regarding Airbnb demand, there are currently more than four million Airbnb hosts and an estimated six million listings worldwide on the website, according to The Zebra.
So, there’s no doubt that becoming an Airbnb host provides an excellent return on investment. According to investment property studies, short-term rentals generate significantly higher annual revenue than typical rents.
Nevertheless, before purchasing an Airbnb investment home, you should consider the potential profits. However, don’t be concerned if you don’t have a passion for numbers or don’t know where to begin with your real estate analysis. Mashvisor is here to help you.
In this article, we’ll help you find the best Airbnb calculator for your needs to help guarantee a profitable investment. We will be comparing the AirDNA, BiggerPockets, and Mashvisor Airbnb calculators.
What Is an Airbnb Calculator?
An Airbnb calculator is key to investment property analysis. It is designed to assist beginner real estate investors and experienced ones in searching for and locating top-performing vacation houses.
This innovative rental property calculator, also known as the Airbnb profit calculator, undertakes real estate market analysis and investment property analysis.
It does so for many MLS listings, foreclosed properties, off-market houses, and even properties you enter on your own to evaluate the profitability potential of each one.
Moreover, it removes the need for investors to perform a complex, time-consuming comparative market analysis, Airbnb rental data search, and ROI assessment. An Airbnb calculator can reduce three to four months of spreadsheet property analysis to 15 minutes, enabling you to purchase the most profitable investment properties before anybody else.
It will perform an estimation of how much you can make out of your short term rental, as well as what are the chances of profitability in the long term.
Now, let’s see how each of the three tools performs, their pros and cons, and more.
What to Look for in an Airbnb Calculator
So how much can you make from your Airbnb rental? Well, a good Airbnb calculator will allow you to calculate Airbnb profit, revenue, pricing, investment, fees, and much more.
What’s more, Airbnb calculators must be accurate, but there are a few things to consider when using them. First and foremost, the calculator considers various factors, such as the size of your listing, its location, and the period of the year.
With an efficient calculator, ideally, you would want to:
- Have precise data
- Be able to perform calculations
- Decide on your investment strategy
- Estimate your ROI
- Predict your monthly and yearly fees
- Find out the ideal short term rental pricing
- Have a user-friendly interface
For example, when looking for short term rental properties for sale on Mashvisor, each listing comes with a rental property study. It includes all of the analytics and data listed above, as well as the rental rate.
In addition, if the house is not listed on Mashvisor, you can input its address to receive the same level of evaluation. It means you can easily and quickly find the best rental price for any residential real estate in the US market.
We would also like to point out that the user-friendly UI of our calculator distinguishes it as one of the best real estate apps available. In other words, investors who decide to use it will have no trouble navigating the site — or the tool itself.
The design is genuinely straightforward. There is no ambiguity or unneeded options to distract the investor. If you make an error when entering data, you can always return to point A of the tool, insert your data once more, and begin again — no damage done.
Now, let’s focus on the three calculators in question for 2023.
The Best Airbnb Calculator in 2023: Complete Breakdown
The Airbnb rental calculator’s most significant feature is that it can genuinely do many helpful things needed by a real estate investor. The final result will be the ability to buy Airbnb property with a good return on investment swiftly and reliably.
The accessibility of short term rentals has significantly increased the number of people putting their homes on the market for such a low-risk investment. But, as with any investment, people want to do their research before getting in, and three tool names come to mind.
Thus, we provide you with a complete review to determine the best Airbnb calculator out of the following: Mashvisor, AirDNA, and BiggerPockets. We will cover the Airbnb calculators’ pricing as well.
1. BiggerPockets Airbnb Calculator: Full Review
BiggerPockets is a website for real estate investors in the US. Aside from providing material and resources, they are well-known for their community of over two million individuals interacting to offer advice, important recommendations, and collaboration.
Rather than reviewing the entire platform, we will concentrate on the BiggerPockets Airbnb calculator. You must first sign up for a platform profile to use the tool. Signing up is simple: enter your name and email address, and then create a password.
Investors can choose from a range of deal-evaluation calculators, including specialist estimators for rental properties, fix and flips, BRRRR strategy, wholesaling, mortgage payments, rehab, the 70% rule, and Airbnb.
Moreover, BiggerPockets has made sure that the Airbnb calculator is a helpful tool for calculating how much money you may make as an Airbnb host. It helps predict your rent and provides you with all of the information you need on how to become an Airbnb host.
Regarding pricing, it is available in two options: a discounted annual fee of $390 or a monthly cost of $39 (which adds up to $468 annually). It includes analytic tools to understand and fine-tune profile interaction and software to generate leads.
Lastly, a Premium membership costs $99 per month and requires a 12-month commitment.
In addition, you can use BiggerPockets’ Airbnb calculator to determine how much money you could make from short-term Airbnb rentals.
Furthermore, since Rentalizer from AirDNA powers it, it gives you annual income, average daily rate, occupancy rate, and other data for every property globally. Simply type the address in the “Enter a Street Address” field to get your brief report.
BiggerPockets Calculator: The Verdict
With BiggerPockets rental analysis, investors can access leasing agreements and an Airbnb calculator. However, membership can be pretty costly, and data from the calculator might be inaccurate from time to time.
BiggerPockets’ Airbnb calculator may appear daunting for certain investors, especially those who have yet to experience success. They may be seeking support or validation from others who have gone through a similar experience in the real estate market.
So, is BiggerPockets’ calculator the best Airbnb calculator for 2023? The answer is, unfortunately, no. The most challenging aspect of this Airbnb calculator is that you must comprehend, search for, and enter all the data yourself. With that said, here are some pros and cons of BiggerPockets.
BiggerPockets Pros:
- Lots of free resources
- Networking opportunities
- Educational materials
- Good software tools
BiggerPockets Cons:
- Not-so-precise Airbnb calculator at times
- Challenging for beginner investors
- A bit pricey
2. AirDNA Calculator: Full Review
AirDNA, a major provider of vacation rental data, offers a variety of tools to assist its users in locating profitable investment homes. It provides competitive analytics, specialized reporting, and interactive dashboards for more than 10 million rentals in 120,000 markets worldwide.
Moreover, the platform allows vacation rental investors to understand and analyze significant trends in the short-term rental business. It does so by leveraging past and forecasted data to maximize revenue possibilities.
The AirDNA calculator (AirDNA Rentalizer) is an analytics tool that predicts the possible Airbnb revenue if you convert a house into a vacation rental. You must, however, specify an address. AirDNA’s platform does not allow you to search for properties. So, you must already know what property to look into, or you can search for one on a different platform.
To begin, enter a street address and the number of bedrooms, bathrooms, and visitor capacity into the Rentalizer. It then compiles a list of neighboring properties and generates a relevance-based index. Its final estimates also consider market-wide parameters, such as seasonality, rental demands, and revenue growth.
AirDNA’s data is derived from public listings on Airbnb, VRBO, and HomeAway. However, because their data has not been correctly and individually checked, it is difficult to verify whether the information presented is genuinely correct.
The best Airbnb calculator must look at the medians (like Mashvisor). The median value eliminates anomalies, which can distort and misinform the study, making it more accurate and reliable. However, AirDNA’s software focuses its data on the local market’s average occupancy and earnings.
AirDNA Calculator: The Verdict
Since the AirDNA Rentalizer considers the given methods, you should not trust the calculations immediately without further investigation. Otherwise, you risk losing a substantial amount of prospective money addition.
In addition, some AirDNA hosts believe that the platform’s revenue estimates are a bit more optimistic because they do not account for taxes and other associated expenditures.
And few hosts advise using hacking techniques to obtain a more accurate analysis. Such methods may be acceptable, but they may raise some questions.
AirDNA, on the other hand, has just included a financial calculator that allows you to enter your significant expenses. So far, there have been no new user comments on this update.
When you use the AirDNA Rentalizer, you will see the metrics listed below:
- Annual revenue
- Average daily rate
- Occupancy rate
- 12-month demand forecast
- Comparable property analysis
Now, is AirDNA’s calculator the best Airbnb calculator so far? Not really. The ranking data in the analysis is solely based on what AirDNA has seen in the particular local market. It may not be the best approach for most real estate investors.
AirDNA Pros:
- Depth of data
- Many useful software tools
- User-friendly
AirDNA Cons:
- The data can be inaccurate
- A bit pricey
3. Mashvisor Airbnb Calculator: Full Review
Mashvisor is a data analysis software that helps real estate investors find homes with substantial long-term equity and short-term rental returns. It offers tools for different purposes.
What’s more, Mashvisor tools scrape through volumes of data with the help of several input streams to provide you with a clearer picture, which is nicely presented in its dashboard.
Mashvisor’s Property Finder allows you to search for Airbnb houses for sale in any US region. Select the listing to view the property’s features when you discover one you like. In addition, the Mashvisor Airbnb profit calculator can be found on the same page.
Mashvisor’s Property Finder
The tool assists you in determining the earning potential of investment homes for sale if they are rented out on Airbnb. Among the metrics provided are the following:
- Airbnb revenue
- Operating expenses
- Airbnb cash flow
- Airbnb cash on cash return
- Airbnb cap rate
- Airbnb 10-year payback balance
The data displayed by default is based on the median pricing received from the Airbnb site and national average costs. However, you can change the following numbers on the calculator to get a more exact estimate:
- Airbnb rental income (revenue)
- Occupancy rate
- Switch between cash payment and mortgage
- Mortgage specifics (property selling price, down payment, mortgage type, loan term, and interest rate)
- Initial one-time expenditures
- Monthly operating costs (insurance, utilities, property management and upkeep, property and rental income taxes, HOA dues, and cleaning fees)
With the best Airbnb calculator, you can also include your own unique expenses. The calculator will utilize your information to calculate your cash flow, cash on cash return, and cap rate. You can also find a 10-year investment payback table if you scroll down the page. Based on the data you entered, it calculates your expected accumulated income (or loss).
More on the Mashvisor Calculator
If you discover that the house is not suitable for Airbnb, Mashvisor’s real estate market analysis can assist you in determining what rental strategy it is best for. If you want to discover which regions have high-income potential, the platform also offers a complete neighborhood analysis.
Mashvisor is an ideal investment property research platform for first-time investors seeking an area to launch an Airbnb. Such qualities would also be beneficial to experienced investors looking to diversify their portfolios.
Mashvisor and AirDNA get the majority of their short-term rental data directly from Airbnb, whereas AirDNA Rentalizer also obtains information from VRBO and HomeAway. It implies that both platforms’ analyses are based on the success of real Airbnb short-term rental properties rather than assumptions and estimates.
What is even better about using the best Airbnb calculator, the Mashvisor calculator looks at the median rather than the mean. As a result, the median value excludes abnormalities, which can mislead the user and misguide the analysis.
Mashvisor also only gathers data from confirmed Airbnb properties with three or more ratings on the marketplace. It implies that we only use data from Airbnbs that have been rented out on the market for an extended period of time.
Our algorithm excludes properties and Airbnb hosts that are new to the service and are still giving it a shot, because they may leave if things do not go smoothly.
When you click on a property listing on the Mashvisor platform or enter the address of an off-market property, our Airbnb calculator will appear on the property page. The tool displays the following information:
Property Details
The property page, like other real estate websites, will provide the following information:
- Street address
- Number of bedrooms
- Number of bathrooms
- Selling price
- Property type
- Lot size
- Year built
- Number of days on the market
- Contact information for the listing agent
- Tax history
These are usually the first things you check for when looking for an investment property. After finding a home with the essential qualities you’re looking for, you may move on to the next portion of the property page, which is all about Airbnb investment stats, such as:
- Airbnb rental income
- Airbnb occupancy rate
- Airbnb prices
- Airbnb cash flow
- Airbnb cash on cash return
- Airbnb cap rate
- 10-year investment payback balance
- Airbnb rental comps
As we are near the end of this article, is Mashvisor’s calculator the best Airbnb calculator for 2023? Biased opinions aside, among the three calculators listed, it is. With all the precise data, multiple options, and useful tools, you can relax and start making a profit in real estate.
The Mashvisor platform enables you to make faster and more informed real estate investing decisions. It combines the time-consuming procedure of real estate market analysis and investment property analysis with a collection of highly capable real estate investing tools.
Now, let’s see some pros and cons of the 2023 best Airbnb calculator according to its users’ feedback.
Mashvisor Pros:
- Affordable for all real estate investors
- Free trial
- Precise data
- Wide range of sources for analytics
- Structured membership packages
- User-friendly and more
Mashvisor Cons:
- Covers only the US market
What Is the Best Airbnb Calculator for 2023?
After a long and in-depth review of the three platforms, Mashvisor takes the lead. Unfortunately, even though the BiggerPockets calculator and AirDNA calculator come with excellent options and features, their tools just aren’t optimized to Mashvisor’s extent.
Mashvisor’s investment property calculator assists you in making profitable rental property investments. It enables you to conduct a detailed analysis of property listings discovered on the platform. With the app, you can invest in rental homes with positive cash flow and a high return on investment possibility.
Moreover, our calculator app enables you to conduct a reliable examination of the property you’re considering, as well as any other real estate asset in the US housing market.
Regarding the mortgage computations, after you’ve configured the filters, the mortgage calculator tool will factor in the down payment and mortgage payments. Then, you can see how they will impact your return on investment.
At the end of the day, we would like to point out that the decision is all yours. Just search for a calculator that will suit all of your needs.
To learn more about how Mashvisor can help you find profitable investment properties, schedule a demo.
Conclusion
Determining how much you can earn from a short term rental used to be complex and time-consuming, just like many other aspects of real estate investing. However, technological advancements have simplified and accelerated the process for both novice and seasoned real estate investors.
For example, Airbnb calculators enable landlords and Airbnb hosts to decide how much rent to charge in minutes. Manual data collection, speadsheets, and perplexing calculations are no longer required.
And for all of the reasons stated above, Mashvisor is the best rental income calculator in the US market. Most notably, Mashvisor gathers data from multiple reliable sources before implementing AI-powered algorithms. Furthermore, it includes all US markets as well as both rental strategies.
Now that we know that the best Airbnb calculator is the Mashvisor calculator, it is worth giving it a try. Based on comparable Airbnb rental properties in the area, it calculates the home’s rental revenue, costs, and occupancy rate. However, you can change these numbers to suit your needs.
After entering the necessary data, the calculator will provide your expected cash flow, cash on cash returns, cap rate, and 10-year payback balance. You can test it out for yourself.
Click xhere to sign up for Mashvisor today.