Lake City, SC — Rental Investment Analysis
🟢GOOD— solid returnsCap Rate
7.1%
Above average
Monthly Cash Flow
+$77
After all expenses
Price-to-Rent
9.3
Investor-friendly
DSCR
1.11
Tight
📊 Key Metrics
- Median Home Price
- $128,524
- Average Rent (3BR)
- $1,150/mo
- Price-to-Rent Ratio
- 9.3(good)
- 1% Rule
- 0.89%(fails — need 1%+)
- Cash-on-Cash Return
- 3.1%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.8%(+0.5% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +1.7000000000000002% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.55%
of assessed value (SC avg)
Median Income
$56,227
household (SC avg)
Rent-to-Income
24.5%
Affordable
Section 8 Max Rent
$1,150/mo
3BR voucher payment
🏛️ SC Investor Climate
Landlord Friendly
8/10
State Income Tax
Has state tax
Property Tax
0.55% effective
Population Trend
+1.7000000000000002% (3yr)