DSCR Loans in Ohio
3 lenders, 1.59% property tax, $1,150/mo median rent. Mixed landlord-tenant regulations.
Market Snapshot
Estimated DSCR assumes median price, median rent, 75% LTV, 30-year fixed at 7.45%, property tax and insurance only. Your deal will differ.
The Ohio Rental Market
Ohio offers some of the lowest entry points in the country. Cleveland and Dayton regularly produce high DSCRs on paper, but property condition and tenant quality require hands-on management or a solid property manager.
Top markets in Ohio
- Cleveland
- Columbus
- Cincinnati
- Dayton
How Ohio Costs Affect Your DSCR
Two line items determine whether a Ohio rental hits DSCR thresholds: property tax and insurance. Together they represent the bulk of operating expenses in a DSCR calculation (which excludes management fees and capital expenditures).
Property tax: 1.59%
Ohio's property tax rate is above the national average of roughly 1.1%. On a $210,000 property, you pay approximately $278/month in property taxes. This can significantly impact your DSCR, especially on lower-rent properties.
Insurance: $1,100/year
Insurance in Ohio runs about $1,100/year ($92/month), which is manageable. Rates can vary by city, property age, and condition. Get a real quote for your specific property.
Combined impact
On a median-priced Ohio property, property tax plus insurance runs approximately $370/month. Subtract that from the $1,150 median rent, and your NOI is roughly $780/month before the mortgage payment. Run your own numbers in the DSCR calculator to see exactly where your deal lands.
DSCR Lenders in Ohio
3 lenders in our database cover Ohio. Most national lenders cover Ohio but some have minimum loan amounts ($75K-$100K) that rule out the cheapest properties. Higher property tax rates in Cuyahoga County (Cleveland) affect NOI.
| Lender | Min DSCR | Min FICO | Max LTV | STR |
|---|---|---|---|---|
| Visio Lending | 1.00 | 680 | 80% | Yes |
| Griffin Funding | 0.75 | 660 | 80% | Yes |
| Truss Financial Group | N/A | N/A | 75% | N/A |
See the full lender comparison matrix for all columns, or use the DSCR qualifier to find which lenders match your specific deal.
Landlord-Tenant Climate
Ohio has a mixed regulatory environment for landlords. Mixed. Cleveland and Columbus have different local regulations. Some cities have rental registration and inspection requirements. Eviction timeline is moderate (3-week notice).
Landlord-friendliness matters for DSCR investors because extended vacancies and eviction costs eat into the rental income that your DSCR depends on. A state where evictions take 3 months versus 3 weeks changes the effective vacancy factor in your underwriting.
Example Deal: Median Ohio Property
To show how these numbers interact, here is a simplified underwrite of a median-priced Ohio rental at current rates:
| Purchase price | $210,000 |
| Loan amount (75% LTV) | $157,500 |
| Rate (30yr fixed) | 7.45% |
| Monthly payment (P&I) | $1,096 |
| Monthly rent | $1,150 |
| Property tax | $278/mo |
| Insurance | $92/mo |
| NOI (rent minus tax and insurance) | $780/mo |
| DSCR | 0.71 |
The median deal falls short of the 1.0 DSCR minimum. You need to find properties with significantly above-median rents or below-median prices to make DSCR financing work in this market. Plug your actual numbers into the DSCR calculator.
Tools for Ohio Investors
- DSCR Calculator - Check if your Ohio rental qualifies
- Cash-Out Refi Calculator - Model a refinance on an existing Ohio property
- DSCR Qualifier - Match your deal against lenders in Ohio
- Lender Matrix - Compare all lenders side by side
- Rate Monitor - Track current DSCR rates weekly
- Rental Property Analyzer - Full deal analysis with NOI, cash flow, and ROI
FAQ
Can I get a DSCR loan in Ohio?
Yes. 3 of the major DSCR lenders in our database operate in Ohio. DSCR loans are available in all 50 states, though some lenders exclude specific states. Ohio is one of the more active DSCR markets.
What DSCR do I need for a rental property in Ohio?
Most lenders require a minimum DSCR of 1.0 to 1.25. Ohio's high property tax rate (1.59%) hurts your DSCR compared to the national average. On a median-priced Ohio property, the estimated DSCR is around 0.71 at current rates.
What are property taxes in Ohio?
The average effective property tax rate in Ohio is 1.59%. On a $210,000 property, that is roughly $3,339/year or $278/month. This directly reduces your NOI and DSCR.
How much is rental property insurance in Ohio?
The average annual insurance premium for a rental property in Ohio is approximately $1,100. This is near or below the national average, which helps your DSCR.
Is Ohio a good state for rental property investing?
Ohio has mixed landlord-tenant regulations. Mixed. Cleveland and Columbus have different local regulations. Some cities have rental registration and inspection requirements. Eviction timeline is moderate (3-week notice). The best markets in Ohio for DSCR investors are Cleveland, Columbus, Cincinnati.
Which DSCR lenders work in Ohio?
Our database shows 3 DSCR lenders operating in Ohio. Most national lenders cover Ohio. Check our lender comparison matrix for specific lender requirements and filter by state.
What is the median rent in Ohio?
The median rent for a single-family rental in Ohio is approximately $1,150/month. Actual rents vary widely by market: Cleveland may be higher or lower than Dayton. Always use actual rental comps for your specific property and neighborhood.