$425,000
Avg. Purchase Price
$195
Avg. Nightly Rate
60%
Avg. Occupancy
urban
Market Type
Savannah's historic charm, walkable downtown, and proximity to Tybee Island beaches make it a growing STR market. The city attracts couples and history enthusiasts.
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
$294
$3,523 / year after all expenses
Viable Deal
Break-even at 55% occupancy
Cash-on-Cash
3.0%↓
Return on your cash invested
Cap Rate
6.8%↑
NOI / Purchase price
Break-Even
55%–
Minimum occupancy needed
Turnovers/Year
73
219 nights occupied
Financial Summary
Annual Gross Revenue$51,830
Annual Expenses
Platform Fees$1,555
Property Tax$4,888
Insurance$1,700
Utilities$3,000
Maintenance Reserve$2,592
Cleaning Costs$9,125
Total Expenses$22,859
Net Operating Income$28,971
Annual Mortgage-$25,448
Annual Cash Flow$3,523
Your Investment
Down Payment$106,250
Est. Closing Costs (3%)$12,750
Total Cash Needed$119,000
Loan Amount$318,750
Monthly Mortgage (P&I)$2,121
Savannah STR Market Highlights
- 1Historic district walking tours and architecture
- 2St. Patrick's Day celebration is one of the largest in the US
- 3Tybee Island beach properties expand market options
- 4Growing film industry creates longer-term rental opportunities
Seasonality in Savannah
Spring (March-May) and fall (September-November) are peak. Summer is hot but still has beach demand.
Savannah STR Regulations
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DSCR Calculator
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VRBO Calculator
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Arbitrage Calculator
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer