Underwrite Kelleys Island Rental Without a Put-in-Bay blend
Updated: Aug 30
A Kelleys Island note underwrites the island line, not a mix-uped Lake Erie rent roll. the published market year is the Village of Kelleys Island in Erie County. Typical year is $24,370 on sixty-one listings, and aDR is $396. Occupancy is 31.0 percent, and revPAR is $133. Vintage is August 2025 through July 2026, updated 2026-08-08. Year over year is minus 32.6 percent, and supply is plus 19.6 percent. Put-in-Bay $31,131 is separate market 395, and port Clinton $20,757 is separate market 394. Never average, and never steal.
The desk travels with the deed. Clerk Sue Taylor runs the Transient Rental Program at 121 Addison St., P.O. Box 469, and call (419) 746-2535. Annual fee is $600, and ordinance 2024-0-23 sets the listings. Insurance is $300,000 personal liability, and erie County lodging tax is 4 percent. Deadline is May 30, 2026, and airROI's low-regulation Keep is a scrape. AirDNA one hundred twenty-two is not this extract. The three strongest months are August, July, and June. August is the busiest month, and january is the slowest month. Occupancy sits low in February.
This page is the finance file. It prices DSCR on $24,370, refuses a Put-in-Bay year for the note, and keeps visitor spend off debt service. Thirty-plus at 47.5 percent on 29 listings is a minimum setting, not occupancy. Readthe island market reportbefore a lender pastes a neighbor cell, and origin is Columbus, then Cleveland. Stay is 3.3, and lead is 102. Superhost is 34.4 percent, and professionally managed share is 39.3 percent.
DSCR on Kelleys Island Twenty-Four Thousand
Debt service coverage on this market starts at $24,370. That is the typical year on sixty-one listings, and aDR is $396. Occupancy is 31.0 percent, and revPAR is $133. Vintage is August 2025 through July 2026, updated 2026-08-08. Year over year is minus 32.6 percent, and supply is plus 19.6 percent. A lender who wants a rounder year is asking for a different island. This file does not mint that year, and this file cites the extract. The three strongest months are August, July, and June. August is the busiest month, and january is the slowest month. Occupancy sits low in February.
The village listings is not optional on the note. Clerk Sue Taylor sits at 121 Addison St., P.O. Box 469, and call (419) 746-2535. Annual fee is $600, and ordinance 2024-0-23 travels with the parcel. Insurance is $300,000, and erie County lodging tax is 4 percent. Deadline is May 30, 2026. A DSCR worksheet that skips Addison is not a complete file. AirROI's low-regulation Keep is a scrape, and it does not replace the hall. AirDNA one hundred twenty-two is not this extract.
Readthe startup cost filebefore a closing checklist treats furniture as the first line. The first line is the published year, and origin is Columbus, then Cleveland. Stay is 3.3, and lead is 102. Superhost is 34.4 percent, and professionally managed share is 39.3 percent. Lauren At KI holds 20, and corrie holds 7. Those counts describe the cell, and they do not raise $24,370. Underwrite the island number, and leave separate market 395 off the coverage math. Call Addison before the ratio, and file this island year.
Do Not Mint a Put-in-Bay Year for the Note
Put-in-Bay is separate market 395. Typical year there is $31,131 on fifty-eight listings, ADR $462, occupancy 36.5 percent, RevPAR $170. Peak-3 there is August, June, and July, and peak month there is August. Hole there is November, and occupancy sits low there in March. Lead there is 86, and never average $31,131 into $24,370. A coverage ratio built on separate market 395 is not a Kelleys Island note. Keep the neighbor, and do not paste it onto this deed.
A loan officer who wants the rounder island is asking for a different hall. This market uses 121 Addison and (419) 746-2535, and annual fee here is $600. Insurance here is $300,000, and erie County lodging tax here is 4 percent. Deadline here is May 30, 2026, and ordinance 2024-0-23 is village law here. Put-in-Bay uses another permit, and read.the two-pin filebefore the packet mashes the islands. Port Clinton $20,757 on two hundred fifteen listings is separate market 394. Do not steal that mainland year either.
This extract remains $24,370 on sixty-one listings, ADR $396, occupancy 31.0 percent, RevPAR $133. Vintage August 2025 through July 2026, updated 2026-08-08, and year over year is minus 32.6 percent. Supply is plus 19.6 percent, and peak-3 here is August, July, and June. Hole here is January, and occupancy sits low here in February. Origin here is Columbus, then Cleveland, and stay is 3.3. Lead is 102, and file the island year. Leave separate market 395 labeled on the other shore. Do not mint separate market 395 for coverage, and file $24,370 on sixty-one island listings here.
Village Desks Travel With the Deed
The Transient Rental Program does not stay with the last host. It sits on the parcel. Clerk Sue Taylor is at 121 Addison St., P.O. Box 469, Kelleys Island, OH 43438, and call (419) 746-2535. The portal is i WorQ, and checks go to the Village of Kelleys Island. Ordinance 2024-0-23 and amendments set the listings, and annual fee is $600. New listings need a certified home inspection and a septic inspection, not a pump-out receipt. Insurance is $300,000 personal liability, and erie County lodging tax is 4 percent. Deadline is May 30, 2026.
A DSCR file that treats the listings as an one-time closing fee is incomplete. The $600 renews, and insurance updates. Miss May 30, 2026, and the listing may not operate. Occupancy on this market is 31.0 percent, and aDR is $396. RevPAR is $133, and typical year is $24,370 on sixty-one listings. The three strongest months are August, July, and June. Occupancy sits low in February, and those figures do not file Addison.
Readthe village rules filebefore a title company treats AirROI's low-regulation Keep as the live stack. AirROI's low-regulation Keep is a scrape, and airDNA one hundred twenty-two is not this extract. Origin is Columbus, then Cleveland, and stay is 3.3. Lead is 102, and superhost is 34.4 percent. Professionally managed share is 39.3 percent, and the deed needs the village path. The note needs $24,370, and keep both. Do not blend a Put-in-Bay permit onto this driveway. Keep both lines on this island deed.
Sixty-One listings Is Part of the File
The sample is sixty-one listings, and typical year is $24,370. ADR is $396, and occupancy is 31.0 percent. RevPAR is $133, and vintage August 2025 through July 2026, updated 2026-08-08. That is a Watch year on a small island cell. A lender who wants a three-hundred-listings file is asking for a different published market year. Do not pad this sample with Put-in-Bay fifty-eight or Port Clinton two hundred fifteen. Keep those separate markets, and them is a different market.
The three strongest months are August, July, and June. Occupancy sits low in February, and origin is Columbus, then Cleveland. Stay is 3.3, and lead is 102. Lauren At KI holds 20, and corrie holds 7. Entire-place share is 62.3 percent, and house share is 44.3 percent. Two-bed share is 29.5 percent, and three-plus is 39.4 percent. Eight-plus guests sit at 34.4 percent, and those mix figures describe the sixty-one. They do not raise the year.
Readthe buying fileif a broker memo is growing the sample to look like a mainland book. Port Clinton separate market 394 is $20,757 on two hundred fifteen listings. Put-in-Bay separate market 395 is $31,131 on fifty-eight listings. This file is sixty-one. Call (419) 746-2535 if the packet cannot name Addison. Village fee is $600, and insurance is $300,000. Erie County lodging tax is 4 percent, and deadline is May 30, 2026. Underwrite the cell that exists.
Visitor Spend Is Not Debt Service
Ferry counts are demand, and they are not the yearly revenue number. Glacial Grooves are landscape, and they are not occupancy. Kelleys Island State Park is visitor, and the North Shore alvar is visitor. Inscription Rock is visitor, and cedar Point day trips are a different hall. None of that spend is $24,370, and none of that spend covers a note. A lender packet that pastes visitor copy onto DSCR is minting a year. Keep tourism in the tourism file, and keep the extract on the income line.
The published year is $24,370 on sixty-one listings, ADR $396, occupancy 31.0 percent, RevPAR $133. Vintage August 2025 through July 2026, updated 2026-08-08, and year over year is minus 32.6 percent. Supply is plus 19.6 percent. The three strongest months are August, July, and June. Occupancy sits low in February, and origin is Columbus, then Cleveland. Stay is 3.3, and lead is 102. Those are host figures, and visitor figures sit elsewhere.
Readthe tourism filebefore a coverage worksheet treats a packed ferry as filled nights. Occupancy is 31.0 percent, and january is the slowest month. Occupancy sits low in February, and a busy groove photo does not change that. Village TRP is still $600 at 121 Addison, and call (419) 746-2535. Insurance is still $300,000, and erie County lodging tax is still 4 percent. Deadline is still May 30, 2026, and debt service uses the extract. Visitor copy uses the other page, and visitor copy does not pay the note. File $24,370 as income, and occupancy sits low in February still.
Do Not Steal Forty-Seven Percent Thirty-Plus as Occupancy
Thirty-plus is a minimum setting. It is 47.5 percent of the file, 29 listings. It is not occupancy, and occupancy on this market is 31.0 percent. Stay is 3.3, and lead is 102. A DSCR model that treats 47.5 percent as filled nights is minting a monthly cut the extract did not print. Do not do that, and read.the remote-stay fileif a packet is dressing a min filter as a hybrid-year occupancy. The min is a filter. The occupancy is 31.0 percent.
Typical year remains $24,370 on sixty-one listings, and aDR is $396. RevPAR is $133, and vintage August 2025 through July 2026, updated 2026-08-08. The three strongest months are August, July, and June. One-night minimum is 27.9 percent, and those settings describe the book. They do not replace 31.0 percent occupancy.
A lender who wants a remote-worker coverage story still needs Addison. Clerk Sue Taylor, and 121 Addison St., P.O, and box 469, and (419) 746-2535. Fee $600, and ordinance 2024-0-23. Insurance $300,000, and erie County lodging tax 4 percent. Deadline May 30, 2026, and airROI's low-regulation Keep is a scrape. Put-in-Bay separate market 395 is $31,131, and port Clinton separate market 394 is $20,757. Neither is this occupancy, and file 31.0 percent, and file the min as a min. Do not mint a filled January from this min filter here.
Ohio DSCR Facts Only
Ohio facts on this market are the extract and the village stack. Typical year $24,370, and 61 listings, and aDR $396, and occupancy 31.0 percent. RevPAR $133, and vintage August 2025 through July 2026, updated 2026-08-08. Year over year minus 32.6 percent, and supply plus 19.6 percent. Peak-3 August, July, June, and peak August, and hole January, and occupancy low February. Origin Columbus, then Cleveland, and stay 3.3, and lead 102, and superhost 34.4 percent. Professionally managed 39.3 percent, and village TRP $600, and clerk (419) 746-2535, and 121 Addison. Ordinance 2024-0-23, and insurance $300,000. Erie County lodging tax 4 percent, and deadline May 30, 2026.
Leave out unverified a coverage ratio the extract did not print. Leave out unverified a rate, and Leave out unverified an LTV. Leave out unverified a village lodging percent on top of the 4 percent county line without calling the hall. Do not steal Erie County New York occupancy tax. This county is Ohio, and do not mint Put-in-Bay $31,131 as this NOI. Do not steal Port Clinton $20,757 as this market. AirDNA one hundred twenty-two is not this extract, and airROI's low-regulation Keep is a scrape.
Readthe two-desk fileif the packet cannot name which hall owns the driveway. Readthe shoulder calendarif the model fills January because a neighbor printed a different hole. Put-in-Bay hole is November, and port Clinton hole is December. This hole is January, and occupancy sits low in February. File those months, and file $24,370. Leave math off the Ohio note, and ohio facts only on this island published market year.
What a Lender Packet Should Carry
A complete packet carries the island year and the village desk. Cite $24,370 on sixty-one listings, ADR $396, occupancy 31.0 percent, RevPAR $133. Vintage August 2025 through July 2026, updated 2026-08-08, and year over year minus 32.6 percent. Supply plus 19.6 percent, and peak-3 August, July, June. Peak August, and hole January, and occupancy low February, and origin Columbus, then Cleveland. Stay 3.3, and lead 102, and superhost 34.4 percent, and professionally managed 39.3 percent. Lauren At KI 20, and corrie 7. Thirty-plus 47.5 percent on 29 listings, labeled as a min, not occupancy.
Carry the hall, and village of Kelleys Island, 121 Addison St., P.O. Box 469, and sue Taylor, and (419) 746-2535, and i WorQ. Checks to the Village of Kelleys Island, and ordinance 2024-0-23. Annual fee $600. New listings: certified home inspection and septic inspection, not a pump-out receipt. Insurance $300,000 personal liability, and erie County, Ohio, lodging tax 4 percent. Deadline May 30, 2026, and airROI's low-regulation Keep is a scrape. Keep Put-in-Bay $31,131 separate market 395, and Keep Port Clinton $20,757 separate market 394. Never average.
Readwho books this islandif the narrative cannot name Columbus as origin, and do not paste visitor ferry copy as NOI. Do not fill January from a Put-in-Bay November, and do not treat 47.5 percent thirty-plus as occupancy. The note is Ohio, and the published market year is Kelleys Island. The year is $24,370, and call the Addison desk before the coverage ratio. File the extract, and leave separate market 395 off the worksheet. The coverage story starts at Addison and cites $24,370 on sixty-one listings in this Watch island year.
Frequently Asked Questions
What year should a Kelleys Island DSCR worksheet cite?
Cite $24,370 across sixty-one listings, vintage August 2025 through July 2026, updated 2026-08-08. The three strongest months are August, July, and June; January is the slowest month, and occupancy runs low in February too. Put-in-Bay's $31,131 is a separate market and should never be averaged into this note -- keep the answer tied to what this driveway and its house rules can actually deliver.
Can a lender use Put-in-Bay's $31,131 as this property's income line?
No. Put-in-Bay is a separate market on another island: typical year there is $31,131 on fifty-eight listings, ADR $462, occupancy 36.5 percent, RevPAR $170, with its own low month in March. A coverage ratio built on that separate market isn't a Kelleys Island note, and it shouldn't be pasted onto this deed.
Does the village Transient Rental Program travel with the deed?
The listing status sits on the parcel, not on the last host. Clerk Sue Taylor is at 121 Addison St.; Ordinance 2024-0-23 sets the path, and insurance requires $300,000 personal liability coverage. Erie County lodging tax is 4 percent. A DSCR file that skips this office isn't complete, and a low-regulation label from a market-data tool is a scrape, not a permit.
Is ferry traffic part of debt service on this market?
No. Ferry counts describe visitor demand, not the yearly revenue number. Glacial Grooves, the State Park, the alvar, and Inscription Rock draw visitors, but occupancy on this market is 31.0 percent and the typical year is $24,370 on sixty-one listings. A packed-grooves photo doesn't cover a note -- keep tourism copy off the income line entirely.
Is 47.5 percent thirty-plus nights the occupancy a lender should file?
No. Thirty-plus is a minimum-stay setting on 29 listings, 47.5 percent of the sample -- a filter, not filled nights. File occupancy as 31.0 percent instead, which is also the figure that runs lowest in February. A model that treats the 47.5 percent setting as booked occupancy is minting a number the extract never printed.
What other Ohio facts belong in the packet besides the year?
Village of Kelleys Island, 121 Addison St., Erie County, Ohio, lodging tax 4 percent. Leave any unverified coverage ratio, rate, or LTV out of the file, and don't confuse Ohio's Erie County with the New York county of the same name -- their tax rules aren't interchangeable. Call the village hall to confirm any additional lodging line before assuming one exists.
Should Port Clinton's $20,757 figure pad a small sample?
No. Port Clinton is a separate mainland market: typical year there is $20,757 on two hundred fifteen listings, a different boundary entirely from Kelleys Island's own extract of $24,370 on sixty-one listings, ADR $396, occupancy 31.0 percent. Never pad the smaller island sample with that larger mainland book to make the file look stronger.
What should a lender packet refuse to mix into this file?
Refuse any blended Lake Erie rent roll, Put-in-Bay's $31,131 treated as this note's income, and Port Clinton's $20,757 treated as this market. Refuse a low-regulation scrape label in place of the village hall, and refuse 47.5 percent thirty-plus as occupancy. Cite $24,370 on sixty-one listings, 121 Addison St. and (419) 746-2535, and the 4 percent county lodging tax instead.
Related Reading
More Kelleys Island, Ohio reading already live on Crest & Cove.
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A Kelleys Island listing borrowing Put-in-Bay's busier calendar or ferry-crowd photos oversells a market that actually runs 31 percent occupancy. The island's real story is a $24,370 year on 61 listings, down 32.6 percent year over year.
We help Kelleys Island hosts write listing copy tied to this island's own calendar and occupancy, not Put-in-Bay's or Port Clinton's numbers. Send us your listing at crestcove.co or call (256) 998-7502.
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