Airbnb & VRBO Short-Term Rental Underwriting Model Pro v1.0 - Financial Analysis Excel Spreadsheet

Underwrite short-term rental acquisitions with institutional precision. The Short-Term Rental (Airbnb / VRBO) Underwriting Model Pro v1.0 is a complete financial analysis spreadsheet engineered for investors, hosts, and real estate professionals evaluating vacation rental opportunities.

Key Features & Pro Capabilities

• Executive Dashboard & Real-Time Deal Health: Visual KPI cards displaying Purchase Price, All-In Cost, Cash Required at Closing, Year-1 Gross Revenue, NOI, Net Cash Flow, Cap Rate, Cash-on-Cash Return, DSCR, and Break-Even Occupancy.
• Dynamic Active Scenario Selector: Switch between Base, Downside, and Upside scenarios directly on the START HERE control sheet to update all primary returns, dashboards, and metrics instantly.
• Seasonal Revenue Engine & Channel Mix: Model month-by-month occupancy and ADR seasonality across Airbnb, VRBO, and Direct Bookings, factoring in host/platform fees.
• Granular Operating Expenses: Dynamic turnover cleaning cost math tied to Average Length of Stay (ALOS), exposed editable management fee (%) and CapEx reserve (%) rates, plus detailed fixed OpEx lines.
• Maximum Allowable Offer (MAO) Solver: Exact algebraic cash-flow equation solving for the highest purchase price that satisfies your target Cash-on-Cash return after all startup costs, working capital, and financing terms.
• Rigorous Stress Testing & Sensitivity Matrix: 2-way sensitivity table (ADR vs. Occupancy) referencing actual available booking nights, alongside variable-cost break-even occupancy calculations.
• 10-Year Projections & Exit Analysis: Full 10-year cash flow forecast switching to stabilized gross revenue in Year 2, paired with debt amortization and disposition return metrics.

What's Included

• 1x Microsoft Excel Workbook (.xlsx) compatible with Excel and Google Sheets
• Fully functional sample data pre-loaded for immediate evaluation
• Complete user quick-start setup guide, color legend, and financial glossary