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Short-Term or Long-Term Rental?

See how projected annual income from a vacation rental compares to a traditional 12-month lease for your San Diego property.

Owner Tool

Short-Term vs Long-Term Rental Calculator

Compare projected annual income from a traditional lease versus a vacation rental for your San Diego property.

$
What a traditional 12-month tenant would pay.
% of year
Typical San Diego long-term vacancy runs 4 to 7 percent.
$
Blended rate across peak and off-season nights.
% of nights booked
San Diego coastal STRs typically run 60 to 75 percent occupied.
% of revenue
Cleaning, supplies, platform fees, utilities, management. Self-hosted runs 15 to 20 percent; full-service hosted runs 25 to 35 percent.
Long-Term Rental
Traditional Lease
Gross Income$42,000
Vacancy Loss-$2,100
Net $39,900
Short-Term Rental
Vacation Rental
Gross Income$58,116
Operating Costs-$16,272
Net $41,844
STR Earns More +$1,944

At these numbers, STR pulls ahead by $1,944 per year, but the trade-off is real: more turnovers, more communication, more cleaning fees, and stricter San Diego permit rules. Worth it if you have a manager handling logistics.

Estimates only. San Diego’s short-term rental ordinances cap whole-home STR licenses in coastal zones and may require Tier 4 permits. Actual income depends on permitting, seasonality, marketing, and management approach. We do not factor in furniture investment or financing costs.

Short-term rentals can out-earn a traditional lease, but San Diego’s permit rules are strict, especially in coastal zones, and the workload is real: turnovers, cleaning, guest communication, and dynamic pricing. A long-term lease trades some upside for stability and far less hands-on management.

Red House manages both long-term and qualifying short-term rentals across San Diego. We can pull comparable nightly rates and occupancy for your neighborhood and tell you which strategy actually pencils out.

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