Philadelphia, PA · Short vs mid-term
Short-term or mid-term rental in Philadelphia?
On modelled numbers, nightly short-term renting comes out ahead by $5,871 a year after costs. Nightly renting nets $30,940 on 88 turnovers; a monthly tenant at $2,650 nets $25,069 with a handful of moves a year.
Short-term net
$30,940
After 32% operating costs
Mid-term net
$25,069
After 14% operating costs
Difference
+$5,871
Short-term minus mid-term
Turnovers a year
88 vs ~2
Nightly vs monthly
Side by side
| Short-term (nightly) | Mid-term (monthly) | |
|---|---|---|
| Gross income | $45,500 | $29,150 |
| Modelled operating costs | −$14,560 | −$4,081 |
| Net income | $30,940 | $25,069 |
| Pricing basis | $198 a night at 63% | $2,650 a month, 11 months let |
| Turnovers a year | 88 | 1–3 |
| Furnishing and setup | Full furnishing, linens, supplies | Furnished, lighter consumables |
| Income stability | Season-dependent | Predictable while tenanted |
| Rule exposure | Directly affected by short-term rental rules | Often outside short-term rental rules at 30+ nights |
Operating costs are modelled at 32% of gross revenue for a nightly rental (cleaning, supplies, utilities, platform fees, maintenance, insurance) and 14% for a monthly rental. Financing assumes a 25% down payment and a 30-year loan at 7%. These are planning assumptions, not quotes — replace them with your own numbers. Mid-term income assumes 11 let months out of 12 and a monthly rent modelled at 45% of a month of nightly revenue. Many owners in seasonal markets run a hybrid: nightly through peak season, monthly through the trough.
The hybrid option
Philadelphia demand peaks in Apr and bottoms in Dec, a 1.3× spread. Running nightly through the peak months and taking a mid-term booking through the trough usually beats committing to one model all year — especially where a 30-night booking also sidesteps local short-term rental restrictions.
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