DSCR Loan Ohio
Get my Ohio quote →

Ohio › Counties Served › Lake County

DSCR Loans in Lake County, Ohio

1.50% effective — that's Lake County's property tax rate, and it sits above the 1.36% Ohio average. For a DSCR loan, where the ratio is rent divided by the full monthly payment including taxes, that difference isn't cosmetic. The worked math below shows exactly what it does to a real deal.

01

Lake County at a glance

County seat
Painesville
Population
232,217 (2025 est.)
Effective property tax rate
1.50%
Median home value
$214,100 (ACS 2020-2024 5yr)
Median gross rent
$1,113/mo (ACS 2020-2024 5yr)

02

Why investors look at Lake County

Cleveland-metro suburban county on Lake Erie; Painesville is the county seat.

03

The tax-drag math for Lake County

The same $100,000 of property value can generate very different tax bills depending which of Ohio's 88 counties it sits in. Lake County is on the higher-tax end of that spread, and that shows up directly in the math below.

A $214,100 property here — Lake County's own median home value, 20% down ($42,820), renting for $1,113/mo — financed at an observed Ohio DSCR average of 7.20% (Q2 2026)¹:

Gross rent
$1,113
Lake County property tax ($214,100 × 1.50% ÷ 12)
$268
Landlord insurance ($1220 ÷ 12)
$102
Principal & interest, $171,280 loan at an observed 7.20% Ohio average¹, 30-yr fixed
$1,163
PITIA (tax + insurance + P&I)
$1,532
DSCR (rent ÷ PITIA)
$1,113 ÷ $1,532 = 0.73

At these countywide figures, a 0.73 lands under the 1.00 floor most DSCR programs require — see the methodology note below for why a whole-county median often understates what a targeted rental-grade property actually clears. At the statewide average tax rate of 1.36% instead of Lake County's 1.50%, this same property's monthly tax bill would run about $243 instead of $268 — a difference of roughly $25/month that moves straight into the DSCR numerator.

This worked example deliberately uses Lake County's own ACS-reported median home value against its ACS-reported median gross rent — a blended, whole-county pairing that includes higher-priced owner-occupied housing on the value side and apartment/multifamily rents on the rent side. That's a more conservative starting point than a matched, rental-grade single-family purchase. Run your own address and rent number through the DSCR calculator for a property-specific result instead of this countywide blend.

The county average landing under 1.00 says something about the median deal in Lake County, not about the county as a market. Buying under the median, renting over it, or increasing the down payment are how investors make DSCR work here — the distance between that average number and an achievable one is exactly where the deal is.

¹ Ohio DSCR long-term-rental loans averaged 7.20% in Q2 2026 (Private Lender Link), inside the broader 6.5%–8.75% range lenders were publishing for DSCR product nationally. This is a market observation, not an offer — your rate depends on your DSCR, credit, LTV and loan purpose, and is set by the lender, not by us.

04

Cities in Lake County

Every city and village in Lake County with its own page is listed here, largest by population first.

05

Nearby counties

A few more NE Ohio counties worth a look:

06

Get your Lake County DSCR quote

County-level tax math is the start of underwriting a Lake County rental, not the end of it. Compare DSCR quotes on your specific property next.

Compare DSCR quotes for a Lake County property →

07

Sources for this page

Last updated 2026-08-25. County tax rates and home-value figures are refreshed periodically from the sources above, each with its own as-of date.