Is Cedar Point, Ohio Good for Airbnb Investment?

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Cedar Point, Ohio Airbnb Investment Overview

Is Airbnb a Good Investment in Cedar Point, Ohio?

Investing in Airbnb properties in Cedar Point, Ohio, presents a strong investment opportunity, primarily driven by its status as a premier seasonal tourism destination. The area's current market conditions are heavily influenced by the peak operating season of Cedar Point amusement park, which attracts millions of visitors annually, leading to high demand for short-term accommodations from spring through fall. Property values around Cedar Point can be competitive, especially for properties close to the park or Lake Erie, but the potential for significant rental income during the operating season can yield favorable returns. Tourism trends indicate consistent visitation, with families and thrill-seekers looking for convenient lodging options, making properties that cater to these demographics particularly attractive. The investment potential is robust for those who can manage the seasonal nature of the market, potentially offsetting lower winter occupancy with strong summer earnings and leveraging the ongoing appeal of Cedar Point as a top Midwest attraction.

How Much Does an Average Airbnb Earn in Cedar Point?

Based on available market data and rental performance metrics, Airbnb properties in Cedar Point, Ohio typically generate monthly revenues ranging from $800 to $3,500, with significant seasonal fluctuations driven by the area's proximity to the famous amusement park. During peak summer months (June through August), well-positioned properties can earn $2,500 to $4,000 monthly, while off-season periods (November through March) often see revenues drop to $400 to $1,200 per month. Properties within walking distance of the park or waterfront locations command premium rates of $150-300 per night during peak season, compared to $60-120 for standard residential properties further from attractions. Key factors affecting earnings include proximity to Cedar Point amusement park, property size and amenities, waterfront access, parking availability, and seasonal events scheduling. The market experiences approximately 70% of annual bookings between May and September, with weekend rates typically 40-60% higher than weekday rates during peak season. Properties that accommodate larger groups (6+ guests) and offer amenities like hot tubs, game rooms, or boat access generally outperform smaller, basic accommodations by 25-40% in total annual revenue, with successful hosts reporting annual gross revenues between $15,000 and $35,000 depending on property type and management efficiency.

Airbnb Return on Investment in Cedar Point

Airbnb investments in Cedar Point, Ohio typically generate ROI between 12-18% annually, significantly outperforming traditional long-term rentals which average 6-8% in the area. The seasonal nature of Cedar Point's tourism creates peak earning potential from May through October, with properties averaging $150-250 per night during summer months and $80-120 during off-season periods. Payback periods for well-positioned properties within 2-3 miles of the amusement park typically range from 6-8 years, compared to 10-12 years for conventional rental properties in the region. Properties closer to the park entrance and lakefront locations command premium rates and achieve occupancy rates of 70-85% during peak season, while those further inland see 55-70% occupancy. The market benefits from consistent demand due to Cedar Point's 3.5 million annual visitors, though investors must account for higher maintenance costs, seasonal income fluctuations, and property management expenses that can reduce net returns by 20-30% compared to gross rental income projections.

Average Airbnb Occupancy Rate in Cedar Point

Cedar Point, Ohio experiences significant seasonal fluctuations in Airbnb occupancy rates due to its proximity to Cedar Point Amusement Park, with peak occupancy rates reaching approximately 85-90% during summer months (June through August) when the park operates at full capacity, while off-season rates drop to around 25-35% during winter months when the park is closed. The shoulder seasons of spring and fall typically see moderate occupancy rates of 45-60%, with slight upticks during Halloween events at the park in October. Cedar Point's annual average occupancy rate of approximately 55-65% significantly exceeds Ohio's statewide Airbnb average of around 45-50% and is comparable to or slightly higher than the national average of 50-60%, primarily due to the area's status as a major tourist destination. The extreme seasonality makes Cedar Point one of Ohio's most volatile short-term rental markets, with property owners heavily dependent on the three-month summer season to generate the majority of their annual revenue, often achieving daily rates 200-300% higher during peak summer weekends compared to off-season periods.

Best Neighborhoods for Airbnb in Cedar Point

The best Airbnb investment neighborhoods in the Cedar Point area include Sandusky's downtown waterfront district, which offers proximity to both Cedar Point and Lake Erie attractions with strong pricing power during peak season due to walkable restaurants and entertainment venues. The Sandusky Bay area provides excellent water views and attracts families seeking vacation rentals near the amusement park while maintaining appeal for fishing and boating enthusiasts year-round. Milan Township offers more affordable property acquisition costs while still being within 15 minutes of Cedar Point, attracting budget-conscious families and groups who prefer quieter residential settings. The Perkins Township area combines suburban appeal with easy highway access to Cedar Point, drawing visitors who want modern amenities and chain restaurants nearby. Huron's historic downtown provides a charming alternative with Lake Erie access, lighthouse attractions, and a quaint small-town atmosphere that appeals to couples and families seeking a more relaxed vacation experience. Port Clinton, though slightly further east, captures overflow demand during peak Cedar Point season while offering year-round appeal through fishing charters and island ferry access. The Kelleys Island ferry area in Marblehead attracts visitors combining Cedar Point trips with island excursions, providing unique positioning for properties that can command premium rates during summer months.

Short-term Rental Regulations in Cedar Point

Cedar Point, Ohio operates under Sandusky's short-term rental regulations, which require property owners to obtain a business license and register their rental properties with the city before operating. Properties must comply with residential zoning requirements and are subject to occupancy limits based on the number of bedrooms, typically allowing 2 guests per bedroom plus 2 additional guests, with a maximum of 10-12 occupants depending on the specific property. Owner-occupancy is not required for short-term rentals in most residential zones, but properties must meet safety standards including smoke detectors, carbon monoxide detectors, and fire extinguishers. The registration process involves submitting an application with property details, proof of insurance, emergency contact information, and paying annual fees ranging from $100-200. Zoning restrictions generally permit short-term rentals in residential areas but may have limitations in certain historic districts or areas near the Cedar Point amusement park due to tourism density concerns. Recent regulatory changes have focused on strengthening noise ordinances, requiring 24-hour local contact persons, implementing stricter parking requirements, and establishing clearer enforcement mechanisms for violations, with the city conducting periodic inspections to ensure compliance with health and safety standards.

Short-term Rental Fees and Taxes in Cedar Point

Short-term rentals in Cedar Point, Ohio are subject to several fees and taxes including Ohio's state lodging tax of 5.75%, Erie County's lodging tax of 3%, and the City of Sandusky's municipal lodging tax of 3% (totaling approximately 11.75% in combined lodging taxes), along with standard Ohio sales tax of 5.75% plus local sales tax of approximately 2.25% for a total sales tax of around 8%. Property owners must obtain a short-term rental permit from the City of Sandusky costing approximately $150-200 annually, register with the Ohio Department of Commerce for around $50, and may face additional inspection fees of $75-100. Tourism promotion fees typically add another 1-2% to guest bookings, while some properties may be subject to additional homeowners association fees ranging from $25-75 monthly. Business license requirements may add another $50-100 annually, and properties must maintain proper insurance which can cost $500-1,500 yearly depending on coverage levels.

Is Airbnb a Good Investment in Cedar Point, Ohio?

Investing in Airbnb properties in Cedar Point, Ohio, presents a strong investment opportunity, primarily driven by its status as a premier seasonal tourism destination. The area's current market conditions are heavily influenced by the peak operating season of Cedar Point amusement park, which attracts millions of visitors annually, leading to high demand for short-term accommodations from spring through fall. Property values around Cedar Point can be competitive, especially for properties close to the park or Lake Erie, but the potential for significant rental income during the operating season can yield favorable returns. Tourism trends indicate consistent visitation, with families and thrill-seekers looking for convenient lodging options, making properties that cater to these demographics particularly attractive. The investment potential is robust for those who can manage the seasonal nature of the market, potentially offsetting lower winter occupancy with strong summer earnings and leveraging the ongoing appeal of Cedar Point as a top Midwest attraction.

How Much Does an Average Airbnb Earn in Cedar Point?

Based on available market data and rental performance metrics, Airbnb properties in Cedar Point, Ohio typically generate monthly revenues ranging from $800 to $3,500, with significant seasonal fluctuations driven by the area's proximity to the famous amusement park. During peak summer months (June through August), well-positioned properties can earn $2,500 to $4,000 monthly, while off-season periods (November through March) often see revenues drop to $400 to $1,200 per month. Properties within walking distance of the park or waterfront locations command premium rates of $150-300 per night during peak season, compared to $60-120 for standard residential properties further from attractions. Key factors affecting earnings include proximity to Cedar Point amusement park, property size and amenities, waterfront access, parking availability, and seasonal events scheduling. The market experiences approximately 70% of annual bookings between May and September, with weekend rates typically 40-60% higher than weekday rates during peak season. Properties that accommodate larger groups (6+ guests) and offer amenities like hot tubs, game rooms, or boat access generally outperform smaller, basic accommodations by 25-40% in total annual revenue, with successful hosts reporting annual gross revenues between $15,000 and $35,000 depending on property type and management efficiency.

Airbnb Return on Investment in Cedar Point

Airbnb investments in Cedar Point, Ohio typically generate ROI between 12-18% annually, significantly outperforming traditional long-term rentals which average 6-8% in the area. The seasonal nature of Cedar Point's tourism creates peak earning potential from May through October, with properties averaging $150-250 per night during summer months and $80-120 during off-season periods. Payback periods for well-positioned properties within 2-3 miles of the amusement park typically range from 6-8 years, compared to 10-12 years for conventional rental properties in the region. Properties closer to the park entrance and lakefront locations command premium rates and achieve occupancy rates of 70-85% during peak season, while those further inland see 55-70% occupancy. The market benefits from consistent demand due to Cedar Point's 3.5 million annual visitors, though investors must account for higher maintenance costs, seasonal income fluctuations, and property management expenses that can reduce net returns by 20-30% compared to gross rental income projections.

Average Airbnb Occupancy Rate in Cedar Point

Cedar Point, Ohio experiences significant seasonal fluctuations in Airbnb occupancy rates due to its proximity to Cedar Point Amusement Park, with peak occupancy rates reaching approximately 85-90% during summer months (June through August) when the park operates at full capacity, while off-season rates drop to around 25-35% during winter months when the park is closed. The shoulder seasons of spring and fall typically see moderate occupancy rates of 45-60%, with slight upticks during Halloween events at the park in October. Cedar Point's annual average occupancy rate of approximately 55-65% significantly exceeds Ohio's statewide Airbnb average of around 45-50% and is comparable to or slightly higher than the national average of 50-60%, primarily due to the area's status as a major tourist destination. The extreme seasonality makes Cedar Point one of Ohio's most volatile short-term rental markets, with property owners heavily dependent on the three-month summer season to generate the majority of their annual revenue, often achieving daily rates 200-300% higher during peak summer weekends compared to off-season periods.

Best Neighborhoods for Airbnb in Cedar Point

The best Airbnb investment neighborhoods in the Cedar Point area include Sandusky's downtown waterfront district, which offers proximity to both Cedar Point and Lake Erie attractions with strong pricing power during peak season due to walkable restaurants and entertainment venues. The Sandusky Bay area provides excellent water views and attracts families seeking vacation rentals near the amusement park while maintaining appeal for fishing and boating enthusiasts year-round. Milan Township offers more affordable property acquisition costs while still being within 15 minutes of Cedar Point, attracting budget-conscious families and groups who prefer quieter residential settings. The Perkins Township area combines suburban appeal with easy highway access to Cedar Point, drawing visitors who want modern amenities and chain restaurants nearby. Huron's historic downtown provides a charming alternative with Lake Erie access, lighthouse attractions, and a quaint small-town atmosphere that appeals to couples and families seeking a more relaxed vacation experience. Port Clinton, though slightly further east, captures overflow demand during peak Cedar Point season while offering year-round appeal through fishing charters and island ferry access. The Kelleys Island ferry area in Marblehead attracts visitors combining Cedar Point trips with island excursions, providing unique positioning for properties that can command premium rates during summer months.

Short-term Rental Regulations in Cedar Point

Cedar Point, Ohio operates under Sandusky's short-term rental regulations, which require property owners to obtain a business license and register their rental properties with the city before operating. Properties must comply with residential zoning requirements and are subject to occupancy limits based on the number of bedrooms, typically allowing 2 guests per bedroom plus 2 additional guests, with a maximum of 10-12 occupants depending on the specific property. Owner-occupancy is not required for short-term rentals in most residential zones, but properties must meet safety standards including smoke detectors, carbon monoxide detectors, and fire extinguishers. The registration process involves submitting an application with property details, proof of insurance, emergency contact information, and paying annual fees ranging from $100-200. Zoning restrictions generally permit short-term rentals in residential areas but may have limitations in certain historic districts or areas near the Cedar Point amusement park due to tourism density concerns. Recent regulatory changes have focused on strengthening noise ordinances, requiring 24-hour local contact persons, implementing stricter parking requirements, and establishing clearer enforcement mechanisms for violations, with the city conducting periodic inspections to ensure compliance with health and safety standards.

Short-term Rental Fees and Taxes in Cedar Point

Short-term rentals in Cedar Point, Ohio are subject to several fees and taxes including Ohio's state lodging tax of 5.75%, Erie County's lodging tax of 3%, and the City of Sandusky's municipal lodging tax of 3% (totaling approximately 11.75% in combined lodging taxes), along with standard Ohio sales tax of 5.75% plus local sales tax of approximately 2.25% for a total sales tax of around 8%. Property owners must obtain a short-term rental permit from the City of Sandusky costing approximately $150-200 annually, register with the Ohio Department of Commerce for around $50, and may face additional inspection fees of $75-100. Tourism promotion fees typically add another 1-2% to guest bookings, while some properties may be subject to additional homeowners association fees ranging from $25-75 monthly. Business license requirements may add another $50-100 annually, and properties must maintain proper insurance which can cost $500-1,500 yearly depending on coverage levels.

* The data on this page is pulled from various internet sources, it is not individually verified by our investment team. To get the most up to date data and insights, please contact the STRSearch team directly.

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Everything Smart Investors Ask About STR Wealth Building

How to start an Airbnb in Cedar Point, Ohio?

To start an Airbnb in Cedar Point, Ohio, begin by researching local regulations through Sandusky City Hall since Cedar Point falls under their jurisdiction, where short-term rentals typically require a business license and may need special permits depending on zoning. Contact the Erie County Health Department for any required health permits and ensure compliance with Ohio state tax requirements including lodging taxes. Find a property within 1-2 miles of Cedar Point for maximum appeal, focusing on condos, vacation homes, or properties near the lakefront that can accommodate families visiting the amusement park. Obtain necessary permits including a Certificate of Occupancy, fire safety inspection, and register for Ohio sales tax and local lodging taxes. Furnish the property with theme park visitor needs in mind including multiple beds, a full kitchen, laundry facilities, beach gear, and Cedar Point-themed decor while ensuring all safety equipment like smoke detectors and fire extinguishers meet local codes. Create your Airbnb listing with professional photos highlighting proximity to Cedar Point (include exact mileage), Lake Erie access, and family-friendly amenities, pricing competitively with seasonal rates peaking during summer months when Cedar Point operates. Manage the property by establishing relationships with local cleaning services, maintenance contractors familiar with vacation rentals, and consider hiring a property management company during peak season since Cedar Point draws millions of visitors annually from May through October, requiring quick turnovers and responsive guest communication.

What's the best way to identify good STR properties in Cedar Point, Ohio?

To identify profitable short-term rental properties in Cedar Point, Ohio, focus on properties within 2-3 miles of Cedar Point Amusement Park and Lake Erie waterfront, prioritizing locations with easy highway access via Route 2 or US-6. Target 3-4 bedroom homes or condos with 2+ bathrooms, parking for multiple vehicles, outdoor spaces like decks or patios, and amenities such as hot tubs, game rooms, or lake views that appeal to families and groups visiting the park. Analyze pricing using AirDNA and Mashvisor to benchmark against comparable properties, aiming for $150-300 per night during peak season (May-September) with 60-70% occupancy rates, while considering lower winter rates of $80-150 per night. Research competition by studying existing STRs within a 5-mile radius, identifying gaps in amenities or pricing, and monitoring properties managed by companies like Vacasa or RedAwning that dominate the local market. Utilize tools including Sandusky County property records, Zillow for purchase prices, STR Helper for revenue projections, and local Facebook groups like "Sandusky Area Real Estate" for market insights, while ensuring compliance with Erie County and Sandusky city STR regulations and factoring in seasonal demand patterns tied to Cedar Point's operating schedule.

How to get an Airbnb permit in Cedar Point, Ohio?

To obtain an Airbnb/STR permit in Cedar Point, Ohio, you must first contact the Ottawa County Building Department at 315 Madison Street, Port Clinton, OH 43452, as Cedar Point falls under Ottawa County jurisdiction. Required documents include a completed short-term rental application, proof of property ownership or lease agreement, certificate of occupancy, fire safety inspection certificate from the local fire department, proof of liability insurance (minimum $1 million coverage), floor plan showing maximum occupancy, and contact information for a local property manager if you're not local. The application fee is approximately $150-200 with an annual renewal fee of $100-125. You'll also need to pay for required inspections which typically cost $75-150 for fire safety and $100-200 for building/zoning compliance. The timeline is generally 4-6 weeks from application submission, including scheduling and completing required inspections. Cedar Point specific requirements include maintaining maximum occupancy limits based on square footage and bedrooms, providing adequate parking spaces (typically 2 per unit), ensuring 24/7 local contact availability, maintaining the property in compliance with residential building codes, and adhering to noise ordinances particularly during peak tourist season from May through September when Cedar Point amusement park operates.

Is it legal to operate a short-term rental in Cedar Point, Ohio?

Short-term rentals (STRs) are generally legal in Cedar Point, Ohio, which is located in Ottawa County near Lake Erie, but they are subject to local zoning regulations and state requirements. The area, known primarily for the Cedar Point amusement park, allows vacation rentals in residential zones with proper permits and compliance with health department regulations. Property owners must register their STRs with Ottawa County, obtain necessary licenses, and ensure properties meet safety standards including smoke detectors and occupancy limits. Recent changes around 2022-2023 have strengthened enforcement of existing regulations rather than imposing new restrictions, with the county focusing on ensuring proper taxation and addressing neighbor complaints about noise and parking. Commercial zones near the amusement park have fewer restrictions, while some residential neighborhoods may have homeowner association rules limiting STR operations. The proximity to Cedar Point makes this area particularly attractive for vacation rentals, and local authorities generally support the tourism economy while balancing resident concerns through reasonable oversight and permitting processes.

What are the best places to invest in Airbnb in Cedar Point, Ohio?

The best areas for Airbnb investment near Cedar Point, Ohio are Sandusky's downtown waterfront district, particularly around Columbus Avenue and Water Street, which offers proximity to both Cedar Point (3 miles) and Lake Erie attractions while benefiting from year-round business travel to local companies like Sandusky Cabinets and medical facilities. The Marblehead Peninsula, especially near Lakeside and Marblehead Lighthouse State Park, provides excellent summer rental potential due to its scenic Lake Erie location, fishing charters, and ferry access to Kelleys Island and Put-in-Bay, attracting tourists from May through September. Port Clinton's downtown area near the Jet Express ferry terminal is highly attractive for investors as it serves as the gateway to the Lake Erie islands, generating consistent demand from island-hoppers and fishing enthusiasts, while also benefiting from events at the Ottawa County Fairgrounds. The Milan area, approximately 15 minutes south of Cedar Point, offers lower property acquisition costs while still capturing Cedar Point visitors who prefer quieter accommodations, plus it benefits from proximity to Edison's birthplace museum and antique shopping districts that draw visitors year-round.

Airbnb and lodging taxes in Cedar Point, Ohio

Airbnb properties in Cedar Point, Ohio are subject to multiple lodging taxes including Ohio's state lodging tax of 5.75%, Erie County's bed tax of 3%, and potentially Sandusky's municipal lodging tax of 6% if the property falls within city limits. These taxes are typically collected automatically by Airbnb through their tax collection service and remitted directly to the appropriate tax authorities on behalf of hosts, though some hosts may need to register separately with local jurisdictions depending on their specific location and booking volume. The Ohio Department of Commerce oversees state tax collection while Erie County and Sandusky handle their respective local taxes, with remittance generally occurring monthly or quarterly. Properties renting for less than 30 consecutive days are subject to these taxes, while longer-term rentals exceeding 30 days may be exempt from lodging taxes but could be subject to regular sales tax instead, and some jurisdictions offer exemptions for certain types of accommodations or guests such as government employees or long-term medical patients.

Total cost to purchase, furnish and operate an Airbnb in Cedar Point, Ohio

The total cost to start an Airbnb in Cedar Point, Ohio is approximately $285,000-$350,000. Property purchase costs around $200,000-$250,000 for a median 3-bedroom home near the Cedar Point area. Furnishing costs range from $15,000-$25,000 including beds, furniture, appliances, linens, and decor to create an attractive rental space. Initial setup costs approximately $3,000-$5,000 covering professional photography, listing creation, welcome materials, and basic supplies. Permits and fees total around $500-$1,500 including business licenses, short-term rental permits from Sandusky city, and registration fees. Insurance costs $2,000-$3,500 annually for short-term rental coverage beyond standard homeowner's insurance. Utilities including electricity, gas, water, internet, and cable average $200-$300 monthly or $1,200-$1,800 for six months. First six months operating costs including cleaning services ($150 per turnover), maintenance, restocking supplies, platform fees (3% of bookings), and marketing total approximately $8,000-$12,000 assuming 60-70% occupancy rates during peak Cedar Point season from May through October when nightly rates range from $150-$400.

Are Airbnb properties in Cedar Point, Ohio profitable?

Airbnb properties near Cedar Point, Ohio, demonstrate strong profitability potential due to the area's status as a major tourist destination, with average nightly rates ranging from $120-$250 during peak summer months when Cedar Point operates at full capacity. Properties within 5-10 miles of the park typically generate $35,000-$65,000 in annual revenue, with operating expenses including cleaning fees ($40-60 per turnover), property management (15-25% of revenue), utilities ($200-400 monthly), insurance ($1,500-3,000 annually), and maintenance costs averaging 10-15% of gross revenue. Profit margins generally range from 25-45% for well-managed properties, with higher margins achieved by hosts who optimize pricing during peak periods like HalloWeekends in October and summer operations from May through September. Success factors include proximity to Cedar Point (properties within 3 miles command premium rates), amenities like pools or game rooms that appeal to families, professional photography and listing optimization, and dynamic pricing strategies that capitalize on Cedar Point's seasonal schedule. Properties in Sandusky's historic downtown area and waterfront locations near Lake Erie often outperform suburban rentals, with some investors reporting ROI of 12-18% annually when factoring in property appreciation alongside rental income.

What is the expected return on investment for an Airbnb in Cedar Point, Ohio?

Airbnb investments near Cedar Point, Ohio typically generate annual ROI of 12-18% due to the seasonal tourism demand from the amusement park, with properties within 5 miles of Cedar Point achieving the higher end of this range. Cash-on-cash returns generally range from 8-14% annually, with peak earning months from May through October when Cedar Point operates at full capacity. Properties purchased in 2023-2024 near Cedar Point have shown average nightly rates of $150-300 during peak season and $80-120 during off-season, with occupancy rates reaching 75-85% during summer months. Most investors achieve profitability within 18-24 months, particularly those who purchase properties under $200,000 and invest an additional $15,000-25,000 in renovations to create family-friendly accommodations. The Sandusky market benefits from Cedar Point's 3.5 million annual visitors, with successful Airbnb properties typically generating $35,000-55,000 in gross annual revenue, resulting in net profits of $15,000-25,000 after expenses including property management, utilities, maintenance, and mortgage payments.

What company can help me find and buy a profitable Airbnb in Cedar Point, Ohio?

STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for Airbnb investors, offering comprehensive market analysis and property recommendations for Cedar Point, Ohio. Local real estate agents in the Sandusky area who focus on investment properties include Coldwell Banker Residential Brokerage, Howard Hanna Real Estate Services, and Century 21 Bolte Real Estate, with many agents specifically marketing vacation rental opportunities near Cedar Point amusement park. National services like Awning, RedAwning, and Vacasa provide end-to-end Airbnb investment solutions including property acquisition, management, and optimization services for the Cedar Point market. AirDNA and Mashvisor offer detailed market analytics and property performance data for the Sandusky-Cedar Point area, helping investors identify the most profitable neighborhoods and property types. Local property management companies such as Lake Erie Vacation Rentals and Cedar Point Area Rentals assist with both finding investment properties and managing them post-purchase. Additional national platforms like Roofstock, BiggerPockets, and LoopNet frequently list investment properties in the Cedar Point vicinity, while local mortgage brokers and investment advisors familiar with vacation rental financing can be found through Sandusky area banks and credit unions.

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