Ohio DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Ohio real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great Ohio DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
Ohio Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in Ohio are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like Ohio, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for Ohio real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Ohio below:
Single-Family Residence
Loveland, OH
$474,000 Ohio DSCR Rental Loan for an Acquisition of a rental property in Loveland. This home, ideally located minutes from the Little Miami River and historic Downtown Loveland, offers easy access to kayaking, biking, boutique shops, and riverside dining. With three bedrooms and two bathrooms, plus an additional bedroom and bathroom in the basement, it operates as a successful short-term rental with continued income potential post-acquisition.
Single-Family Residence
Columbus, OH
$550,500 Ohio DSCR Rental Loan for a Rate-Term Refinance of a rental property in Columbus. This freshly painted property, located in the heart of Columbus, is less than a mile from both the iconic Ohio State University and vibrant Downtown Columbus and offers easy access to major employers, government offices, and entertainment venues. Perfectly set up as a short-term rental, it combines prime location with modern appeal for guests seeking convenience and comfort.
Single-Family Residence
Sylvania, OH
$127,500 Ohio DSCR Rental Loan for a Cash-Out Refinance in Sylvania. This recently renovated home features fully remodeled kitchens and bathrooms, upgraded appliances, new flooring, and refreshed interior finishes throughout. Located just minutes from downtown Sylvania and major roadways like U.S. Route 23, it offers both modern comfort and excellent accessibility.
Triplex
Lakewood, OH
$337,500 Ohio DSCR Rental Loan for an Acquisition of a rental property in Lakewood. This property is situated in the heart of western Lakewood and is within walking distance to schools, an award wining library, retail shops, and Lake Erie.
Single-Family Residence
Toledo, OH
$138,000 Ohio DSCR Rental Loan for a Cash-Out Refinance of a rental property in Toledo. Currently occupied on a long-term lease, this traditional style home features a recently updated kitchen and bathrooms that contain granite countertops, subway tile backsplash, and modern finishes.
Single-Family Residence
Etna, OH
$237,000 Ohio DSCR Rental Loan for an Acquisition of a rental property in Lorain. This property is within driving distance of the downtown area of Etna which features multiple retail shops, restaurants, and places of work.
Quadruplex
Cincinnati, OH
$275,800 Ohio DSCR Rental Loan for a Cash-Out Refinance of a rental property in Cincinnati. Minutes from access to I-75 and I-71, this quadruplex has been thoroughly renovated with new dry wall, completely remodeled kitchens and bathrooms, and more.
Single-Family Residence
Fairport Harbor, OH
$192,000 Ohio DSCR Rental Loan for a Rate-Term Refinance of a rental property in Fairport Harbor. Located in a beautiful harbor town located on Lake Erie, this property features an entirely remodeled kitchen, all new HVAC systems, and much more.
Multifamily
Cincinnati, OH
$455,000 Ohio DSCR Rental Loan for an Acquisition of a rental property in Cincinnati. All five units are 1,200 square feet and feature two bedrooms and one bathroom. Typical units feature granite countertops, hardwood flooring, and updated kitchens and bathrooms.
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