How to calculate your night rate on Airbnb?

[Luis Ramirez]

Hello everyone,

I recently started an Airbnb on February of this year, I have a 2000 mortgage payment and I am not sure how to calculate the amount that I should be charging per night. This Airbnb is located in Royal Oak Michigan, which is a really central location to the Detroit City Area, which is why I believe is a good location. From what I have noticed this last couple of months is that the place is usually only rented on weekends. I would like to ask to you guys, what are the factors that you consider when calculating your nightly rate?

Below is a link to my Airbnb, if you could give me some feedback on what you think of the listing it would also be much appreciated

Airbnb Link

Thank you!!!