DSCR Loans in Mentor-on-the-Lake, Ohio

Financing a rental in Mentor-on-the-Lake, Ohio runs through Lake County's property tax rate and the local rent and value numbers below — here's how they combine on a DSCR loan.

Mentor-on-the-Lake at a glance

County: Lake County
Population: 7,131 (2020 Census)
Type: City

Home values and rent in Mentor-on-the-Lake

Countywide, Lake County's median home value is $214,100 (ACS 2020-2024 5yr) — a Mentor-on-the-Lake-specific figure isn't independently published, so this reflects the whole county, not Mentor-on-the-Lake alone. Countywide, Lake County's median gross rent is $1,113/mo (ACS 2020-2024 5yr) — again, a county figure standing in for a Mentor-on-the-Lake number we don't have.

The county tax-drag math applies here

Mentor-on-the-Lake sits in Lake County, where the effective property tax rate is 1.50% — above Ohio's 1.36% statewide average. The full worked PITIA and DSCR example, built on a property at the county's median value, is on the Lake County page — here's the tax line specifically for a property at Mentor-on-the-Lake's own numbers:

Property value used: $214,100 (countywide)
Lake County effective tax rate: 1.50%
Estimated monthly property tax: $268

That estimate uses an observed Ohio DSCR average of 7.20% (Q2 2026)¹ elsewhere in the full county example — 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.

Get your Mentor-on-the-Lake DSCR quote

Run the numbers on the actual address, not the median. Compare DSCR quotes for a Mentor-on-the-Lake property.

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Sources for this page

Wikipedia, "List of municipalities in Ohio" (population, 2020 Census) — https://en.wikipedia.org/wiki/List_of_municipalities_in_Ohio
CostByCounty, "Cost of Living in Ohio by County" (Lake County median home value, county-fallback) — https://costbycounty.com/ohio
Private Lender Link (Ohio DSCR rate average, Q2 2026) — https://privatelenderlink.com/region/usa/ohio/residential-long-term-rental-ohio-usa/

Last updated 2026-08-25. Figures are refreshed periodically from the sources above, each with its own as-of date.