DSCR Loans in Waterville, Ohio

Here's the local picture for a DSCR-financed rental in Waterville, Lucas County, Ohio.

Waterville at a glance

County: Lucas County
Population: 6,003 (2020 Census)
Type: City

Home values and rent in Waterville

We don't have a Waterville-specific median home value. Countywide, Lucas County's figure is $163,900 (ACS 2020-2024 5yr) — treat this as a county-level baseline, not a Waterville number. On rent, we're again working from the county: Lucas County's median gross rent is $934/mo (ACS 2020-2024 5yr), not a Waterville-specific figure.

The county tax-drag math applies here

Lucas County's 1.55% effective tax rate applies to property in Waterville — above the 1.36% statewide average. The full worked PITIA and DSCR example, built on a property at the county's median value, is on the Lucas County page — here's the tax line specifically for a property at Waterville's own numbers:

Property value used: $163,900 (countywide)
Lucas County effective tax rate: 1.55%
Estimated monthly property tax: $212

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.

Near Waterville

Investors shopping Waterville usually look at these too — some sit outside Lucas County, and the county is what sets the tax line:

Toledo → — 270,871
Oregon → — 19,950
Sylvania → — 19,011
Maumee → — 13,896
Port Clinton → — 6,025, Ottawa County
Willard → — 6,197, Huron County

Get your Waterville DSCR quote

Median figures are a starting point, not a quote. See what lenders offer on a specific Waterville rental.

Compare DSCR quotes for a Waterville property →

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" (Lucas 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.