Rental Yield Calculator
Estimate short-term rental income from your property
Estimated Returns
Short-term rental estimates based on peak-season averages. Actual results vary significantly. Not financial advice.
How This Calculator Works
This rental yield calculator estimates your annual return based on Montenegro's short-term rental market. It uses average nightly rates and occupancy data for each city, adjusted by bedroom count. Budva and Tivat command the highest nightly rates due to strong summer tourism demand, while Podgorica offers steadier year-round occupancy from business travel.
Gross yield shows the percentage return before operating costs. Actual net yield depends on management fees (typically 15-25%), cleaning costs, platform commissions, maintenance, and periods of personal use. Most serious investors budget 30-40% of gross income for operating expenses.
What is a good rental yield in Montenegro?
Gross yields of 5-8% are common in coastal tourist areas. Net yields after expenses typically range 3-5%. Budva Old Town and Porto Montenegro tend to achieve the highest per-night rates.
Short-term vs long-term rental in Montenegro?
Short-term (Airbnb-style) yields are higher but seasonal and management-intensive. Long-term rentals offer lower but steadier returns with less operational hassle, especially in Podgorica.
Estimating Rental Yields on Montenegrin Property
Rental returns in Montenegro vary widely by location and rental strategy. Coastal cities like Budva, Kotor, and Tivat see strong short-term rental demand from May through September, with reported gross yields of 4-7% for well-positioned apartments. Year-round rental in Podgorica or inland markets typically generates 3-5% gross.
This calculator applies area-specific average nightly rates and seasonal occupancy assumptions to estimate annual rental income. The "gross yield" figure shown excludes operating costs (maintenance, utilities, management fees, taxes), which typically consume 25-40% of gross rental income.
Net yields are usually 2-4 percentage points below gross. Treat these as directional estimates, not promises.