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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Put In Bay shows standout short-term rental potential based on its current revenue, occupancy, and pricing trends.
Put In Bay, a small island destination in Ohio's Lake Erie region, delivers outsized short-term rental performance relative to its size. With an average daily rate of $646 — more than 2.5× the Ohio state average — and 51% occupancy that also significantly outpaces the state's 34%, this seasonal vacation market generates an estimated $83,829 in average annual revenue per listing. The tiny supply of just 7 active Airbnb listings, combined with strong tourist demand during warmer months, creates a compelling niche opportunity for investors willing to navigate a highly seasonal revenue cycle.
According to Rabbu market data, the Put In Bay short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 7 |
| Average Daily Rate (ADR) | vs. $250 state avg. | $646 |
| Average Occupancy Rate | vs. 34% state avg. | 51% |
| RevPAN | ADR * Occupancy Rate | $329 |
| Average Monthly Revenue | Historical 12-month average | $6,985 |
| Average Annual Revenue | Historical 12-month average | $83,829 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Put In Bay attracts investor attention because its island tourism appeal supports premium nightly rates and strong seasonal occupancy within a very limited competitive field.
Key investment factors
"Put In Bay earns a Standout Opportunity designation with a 93/100 ROI score, reflecting its exceptional revenue potential within a small, supply-limited island market. The extreme seasonality is the defining characteristic — July revenues averaging $19,287 dwarf the January figure of $1,312 — so investors must plan around a compressed earning window from May through September. That said, the summer months are so productive that annual revenue still averages nearly $84,000, making the seasonal trade-off worthwhile for those who manage expenses carefully in the off-season. The combination of premium pricing power, above-average occupancy, and a tiny competitive set creates a market where well-managed properties can perform exceptionally well."
— Rabbu Market Analysis Team
Put In Bay's revenue profile is sharply seasonal, with July ($19,287) and August ($16,337) together accounting for over 42% of annual earnings, while winter months like January ($1,312) and December ($1,415) contribute minimally. Investors should expect a concentrated earning window from May through September, with significant cash-flow gaps during the colder months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,312 |
| February |
|
$1,409 |
| March |
|
$3,260 |
| April |
|
$3,264 |
| May |
|
$8,339 |
| June |
|
$14,079 |
| July |
|
$19,287 |
| August |
|
$16,337 |
| September |
|
$8,160 |
| October |
|
$5,244 |
| November |
|
$1,719 |
| December |
|
$1,415 |
The entire active supply consists of 3-bedroom properties, with all 5 trackable listings falling into this single category. This concentration suggests 3-bedrooms are the proven configuration for Put In Bay, though it also means there's no current data on how other property sizes might perform — potentially signaling an untested opportunity for differentiation.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
5 |
Three-bedroom properties command an average daily rate of $406, which serves as the market's baseline given that all tracked listings fall into this size category. The market-wide ADR of $646 suggests that seasonal peaks push effective nightly rates significantly higher than this annual average.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$406 |
Three-bedroom listings generate a RevPAN of $281, reflecting the combined effect of their $406 ADR and 69% occupancy rate. This per-night revenue figure indicates solid earning efficiency for this property size, particularly given the market's seasonal nature.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$281 |
Three-bedroom properties achieve a 69% occupancy rate, well above the market-wide 51% average, suggesting these units are particularly well-suited to guest demand on the island. This strong occupancy provides meaningful cash-flow reliability during the active season.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
69% |
Three-bedroom listings average $6,116 in monthly revenue, closely tracking the overall market average of $6,985. The slight gap likely reflects seasonal weighting in the market-wide figure, but the performance confirms that 3-bedroom properties are the workhorse configuration for Put In Bay hosts.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$6,116 |
At $73,403 in average annual revenue, 3-bedroom properties deliver strong returns relative to the island's limited operating season. This figure represents the most reliable benchmark for investor underwriting in Put In Bay, given that all active tracked listings share this bedroom count.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$73,403 |
Kitchens are universal (100%), and BBQ grills, dryers, parking, and washers appear in 86% of listings — signaling that guests expect a fully self-sufficient vacation home experience. Pools and outdoor living spaces are present in over half of listings, while premium extras like hot tubs and lake access remain rare, potentially offering differentiation for new entrants.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| BBQ Grill |
|
86% |
| Dryer |
|
86% |
| Parking |
|
86% |
| Washer |
|
86% |
| Outdoor Furniture |
|
57% |
| Patio or Balcony |
|
57% |
| Pool |
|
57% |
| Self Check-in |
|
43% |
| Backyard |
|
29% |
| Hot Tub |
|
14% |
| Lake Access |
|
14% |
| Workspace |
|
14% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Put In Bay Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
With a score of 93 out of 100, Put In Bay falls squarely into the Standout Opportunity tier, driven by an above-average revenue-to-price ratio and above-average occupancy stability — two factors that together carry 70% of the score's weight. Market growth trends also rate above average, while supply/demand balance is rated average, consistent with a micro-market where even small changes in listing count can shift dynamics. Investors should pair this strong quantitative signal with thorough local regulatory research, given the unique governance considerations of an island community.
Understanding local STR regulations is essential before investing in Put In Bay. Here's the current regulatory landscape:
Short-term rental operators in Put In Bay, Ohio may need to obtain a local permit or register their property before hosting guests. Investors should verify current requirements directly with Ottawa County and village officials, as island communities sometimes have specific rules that differ from mainland Ohio municipalities.
Common STR restrictions that may apply include occupancy limits tied to bedrooms, minimum-night stay requirements, noise ordinances, and parking regulations — all of which matter on a small island with limited infrastructure. HOA or deed restrictions can also affect eligibility, and some communities cap the number of rental permits issued, so it's worth confirming availability before purchasing.
Ohio requires short-term rental operators to collect and remit state sales tax and local lodging taxes, which can vary by county. Major platforms like Airbnb often handle tax collection automatically, but owners should confirm their obligations with Ohio's Department of Taxation to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Put In Bay can provide current regulatory guidance.
Financing an Airbnb investment in Put In Bay requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Put In Bay's peak summer season should continue to drive the bulk of annual income, with July and August alone historically accounting for roughly 40% of total revenue. ADR may see modest upward pressure given the market's limited supply and sustained leisure demand — a 3–5% increase during peak months is within reason. Winter months will likely remain quiet, so investors should budget for near-minimal cash flow from November through February. The market's above-average growth trend and strong revenue-to-price ratio suggest conditions are favorable, though the extreme seasonality means disciplined financial planning remains essential."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing performance of a small sample size (7 active listings), so individual property results may vary meaningfully from market averages. Local regulations, permitting requirements, and tax obligations are subject to change — always verify with local authorities before investing.
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