Investing in Colleton County
Colleton County covers 2 rental markets we actively finance in South Carolina — Edisto Beach, Walterboro. Across those markets the median investment basis averages $372,500, a long-term lease averages $2,000/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,728. That produces a county-wide average DSCR ratio near 0.89x.
Basis varies more inside Colleton County than the average suggests. Walterboro is the lowest entry point at roughly $195,000, while Walterboro currently models the strongest coverage ratio in the county at 1.20x. 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.