Magnetic resonance imaging (MRI) is an imaging technique exploiting the magnetic resonance (MR) of specific nuclear spins, like protons. In this article, MR probes based on dielectric ring resonators are investigated from a theoretical approach. We take advantage of the high-permittivity and low-loss properties of the ceramic material used for manufacturing these probes for microscopy applications. Magnetic resonance microscopy (MRM) aims at imaging tiny samples with a sufficient resolution to distinguish small details. In this framework, compact resonators, called volume probes, contain the investigated sample and are used for both signal transmission and reception. The newly developed semi-analytical model enables the estimation of the frequency of the first transverse electric mode of a cylindrical resonator. It also provides a method to compute the corresponding magnetic field distribution, the dielectric losses contributions from the probe and the sample, and the signal-to-noise ratio (SNR). The proposed approach aims at providing design guidelines for dielectric probes.