ROI- numbers for a str

[Ramada Evans]

Hello all!

I'm curious if anyone can give directions on running numbers to get ROI on a str? I want to get a property and use it as a vacation rental/air bnb.

As an example- if I purchased a property for $289,000, how do I do the numbers on it to see profits ? Putting 20% to 25% down.

Also how soon realistically should I see a return?

Also- what would be the formula if I kept as a long term rental? And all the above questions on a ltr.

Much appreciate any help. Thank you!