Investing in Aiken County
Aiken County covers 2 rental markets we actively finance in South Carolina — Aiken, North Augusta. Across those markets the median investment basis averages $282,500, a long-term lease averages $1,850/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,924. That produces a county-wide average DSCR ratio near 0.97x.
Basis varies more inside Aiken County than the average suggests. Aiken is the lowest entry point at roughly $275,000, while Aiken currently models the strongest coverage ratio in the county at 1.12x. When two towns in the same county ratio differently, it is almost always the rent-to-price relationship rather than the rate — the same loan pricing applies county-wide, so the deal is won on which submarket you buy in.