Investing in Pickens County
Pickens County covers 2 rental markets we actively finance in South Carolina — Clemson, Easley. Across those markets the median investment basis averages $340,000, a long-term lease averages $2,088/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $2,316. That produces a county-wide average DSCR ratio near 0.90x.
Basis varies more inside Pickens County than the average suggests. Easley is the lowest entry point at roughly $300,000, while Clemson currently models the strongest coverage ratio in the county at 0.98x. 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.