$1,200,000
Avg. Purchase Price
$450
Avg. Nightly Rate
55%
Avg. Occupancy
mountain
Market Type
Park City is a premium ski resort market with Sundance Film Festival driving January demand. High purchase prices but excellent nightly rates for luxury properties.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
-$985
-$11,816 / year after all expenses
Proceed with Caution
Break-even at 63% occupancy
Cash-on-Cash
-3.5%↓
Return on your cash invested
Cap Rate
5.0%–
NOI / Purchase price
Break-Even
63%–
Minimum occupancy needed
Turnovers/Year
67
201 nights occupied
Financial Summary
Annual Gross Revenue$108,763
Annual Expenses
Platform Fees$3,263
Property Tax$13,800
Insurance$4,800
Utilities$3,000
Maintenance Reserve$5,438
Cleaning Costs$18,425
Total Expenses$48,726
Net Operating Income$60,037
Annual Mortgage-$71,853
Annual Cash Flow-$11,816
Your Investment
Down Payment$300,000
Est. Closing Costs (3%)$36,000
Total Cash Needed$336,000
Loan Amount$900,000
Monthly Mortgage (P&I)$5,988
Park City STR Market Highlights
- 1Two world-class ski resorts (Park City and Deer Valley)
- 2Sundance Film Festival in January commands ultra-premium rates
- 3Summer mountain biking and hiking extend the season
- 4Salt Lake City proximity adds day-tripper demand
Seasonality in Park City
Ski season (December-March) is premium. Sundance in January can see 5x normal rates. Summer is growing.
Park City STR Regulations
More Calculators
Furnishing Budget
Planning to furnish? Estimate your setup costs
Co-Host Splitter
Working with a co-host? Calculate fair splits
Airbnb vs Long-Term Rental
Not sure which strategy? Compare Airbnb vs Long-Term
DSCR Calculator
Getting a DSCR loan? Check if you qualify
VRBO Calculator
Listing on VRBO? Analyze with lower host fees
Arbitrage Calculator
Not buying? Analyze rental arbitrage instead
Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer