Investing in Jasper County
Jasper County covers 2 rental markets we actively finance in South Carolina — Hardeeville, Ridgeland. Across those markets the median investment basis averages $300,000, a long-term lease averages $1,913/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,044. That produces a county-wide average DSCR ratio near 0.96x.
Basis varies more inside Jasper County than the average suggests. Ridgeland is the lowest entry point at roughly $260,000, while Ridgeland currently models the strongest coverage ratio in the county at 1.13x. 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.