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Kelleys Island

Erie County, OH

STR Investment Grade

Transparent Scoring
C
54/100
⚠️ HOLD
Score Breakdown
💰Cash-on-Cash
25/35
🏠Affordability
6/25
📅Year-Round Income
12/15
🤝Landlord Friendly
8/10
📈Room to Grow
3/15
Cash-on-Cash
11.8%
Good (10%+)
Median Home
$393K
Expensive
Room to Grow
3/15
Crowded Market

STRs Generally Permitted

STRs generally allowed with standard permits

No major restrictions known. Standard registration and tax collection may be required. Check local ordinances for specific requirements.

Permit: Moderate
AI-generated regulation data · Regulations change frequently
📋 Before You Invest
Even in STR-friendly markets, confirm the details for your specific property. Call the Kelleys Island City Clerk or Planning & Zoning Department and ask:
1. Are short-term rentals (under 30 days) allowed at [your address]?
2. What permits or licenses are required?
3. Are there owner-occupancy requirements?
4. Any caps on rental nights per year or number of permits?
Regulation details vary by neighborhood and zoning district — always verify for your specific address.

Why Kelleys Island?

Lake Market

What drives short-term rental demand here

🌊
Lakefront Appeal

Waterfront properties command premium rates with strong summer demand and growing shoulder seasons.

🔥
High Demand Zone

Strong traveler demand supports a competitive market with proven revenue potential.

Will This Deal Work?

Investment Grade
C
Good (10%+)
CoC: 11.8%
Can You Pay the Bills?
YES
Income covers mortgage
THE BOTTOM LINE ⚠️

Marginal opportunity. Returns may be limited - consider negotiating or other markets.

💵
$263
Avg ADR
📅
58%
Occupancy
💰
$4,583
Monthly Revenue
🏠
$393K
Median Price

Market estimates · Updated Feb 2026

📊 Income by Property Size

Monthly revenue estimates by bedroom count

1BR
$2,521
2BR
$3,437
3BR
$4,583
4BR
$6,187
5BR
$7,562
6BR+
$8,937
⭐ Best

🏠 Top Amenities for This Market

Add these to boost your revenue

MUST HAVEBoat Dock
+28%
MUST HAVELake Views
+18%
HIGH IMPACTKayaks/Canoes
+12%
HIGH IMPACTFire Pit
+10%
NICE TO HAVEHot Tub
+15%

🎯 Your Next Steps

1
Search for 6BR+ properties
Best income potential at $8,937/month
2
Add a Boat Dock
Boost revenue by +28%
3
Target $5,729/month
Top 25% performer income goal

📋 Regulation Status

LegalPermit: Moderate

Regulations vary by city and county. Always verify local STR ordinances, permit requirements, and zoning laws before purchasing.

Research Comparable Listings

See active short-term rentals in this market

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Take the Next Step

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📊

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Free STR calculator with comp data for any address

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Kelleys Island, Ohio is rated C for Airbnb investment with a score of 54/100 (HOLD). The market has an average daily rate (ADR) of $263, 58% occupancy, and estimated monthly STR revenue of $4,583. Median home value is $392,704 with a cash-on-cash return of 11.8%. STR regulation status: Legal. Data powered by Edge by Teeco using estimated market data.