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Mid-term Rental Calculator
Calculate mid-term rental property cashflow, cap rate, and cash-on-cash return. Includes mortgage calculator and occupancy rate adjustments. Free, no install.
Property Details
Mid-term rentals: 70–90% typical
Utilities, cleaning, platform fees, PM
Monthly Net Cashflow
$-254
Annual: $-3,048
Cap Rate
5.63%
≥ 5% good
Cash-on-Cash
-3.81%
≥ 8% good
Gross Yield
8.92%
≥ 10% good
Related Calculators
Mid-term vs. Short-term: The Numbers Most Investors Get Wrong
Many investors assume short-term (Airbnb) always beats mid-term because the nightly rate is higher. The math is more nuanced:
Same 2BR apartment, Denver CO:
MTR wins because lower operating costs more than offset the lower gross revenue. And MTR doesn't require being on-call for daily guest issues.
Who Are Mid-term Tenants? The Demand Drivers Nobody Talks About
The most reliable mid-term rental demand comes from:
- Traveling nurses: 13-week hospital contracts. Hospitals are everywhere; nurses need furnished housing near the hospital. This is the most stable MTR demand in the US.
- Insurance-displaced: House fire, flood, or major renovation forces families out for 1–4 months. Insurance pays — which means your tenant doesn't worry about the rent.
- Remote workers on "slow travel": Digital nomads who spend 1–3 months in each city. Often willing to pay for quality and workspace.
- Corporate relocation: Employees starting a new job in a new city while house-hunting. Usually 45–90 days.
Frequently Asked Questions
What is mid-term rental and how is it different from short-term and long-term?
Mid-term rental means renting furnished property for 30–90 days per stay. MTR avoids short-term rental regulations while charging 20–50% more than long-term unfurnished rent. Target guests: traveling nurses, remote workers, relocating professionals, insurance-displaced residents.
What is a good cap rate for a mid-term rental?
A cap rate of 5–8% is acceptable for most US markets. Cap rate = NOI / Purchase Price. In high-cost markets (NYC, SF), 3–4% is common. In Midwest/Southeast, 7–10% is achievable. Cap rate ignores financing — use cash-on-cash for leveraged return analysis.
How much can you charge for mid-term rental vs. long-term?
MTR commands 25–60% premium over unfurnished long-term rent. A $2,000/mo unfurnished unit might fetch $2,800–$3,200/mo as furnished MTR. This premium must cover furnishing costs ($5,000–$15,000 upfront) and higher operating expenses.
What are the biggest operating costs in a mid-term rental?
Key MTR costs: utilities $150–$400/mo, cleaning $150–$400/booking, platform fees (Furnished Finder, Airbnb 30+) 3–15% of revenue, property management 10–20%, restocking consumables $50–$150/mo, maintenance reserves $100–$200/mo.
Is mid-term rental more profitable than short-term or long-term rental?
MTR often outperforms both on risk-adjusted basis. STR has higher gross but more regulatory risk and higher operating costs. LTR has stable income but below-market rates. MTR combines above-market rates with lower operating intensity. Best markets: high traveling nurse or corporate relocation demand.
Disclaimer
This calculator is for educational and planning purposes only. It does not constitute financial, investment, or legal advice. Real estate investment involves significant risk. Consult a licensed real estate professional and financial advisor before investing.