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Short-Term Rental · Mount Pleasant, SC

Short-Term Rental Financing in Mount Pleasant, SC

Estimated 0.60x DSCR on a $780,000 short-term rental with $195,000 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$780,000
25% Down
$195,000
Loan Amount
$585,000
Est. Monthly PITIA
$5,652
Creditable STR Income
$3,402/mo
Est. DSCR Ratio
0.60x

Short-Term Rental investing in Mount Pleasant

Short-term rental financing in Mount Pleasant is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the Mount Pleasant median of $780,000, a short-term rental prices near $780,000. Minimum down is 25% ($195,000), leaving a loan of $585,000. Estimated all-in PITIA runs about $5,652 per month.

The Mount Pleasant ratio math on this product

Gross nightly revenue in Mount Pleasant models to about $4,725/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $3,402 of creditable income. Against a PITIA of $5,652, that is an estimated DSCR ratio of 0.60x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Short-term rental activity is moderate here and local rules vary by zoning district. Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the Mount Pleasant median for this product: an estimated cap rate of 2.88%, and monthly cash flow of $2,250 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Mount Pleasant property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$780,00020% ($156,000)$3,150/mo0.53x
2–4 Unit Multi-Family$1,232,40025% ($308,100)$5,859/mo0.66x
Condo & Townhome$561,60020% ($112,320)$2,489/mo0.52x
Short-Term Rental (this page)$780,00025% ($195,000)$3,402/mo0.60x

All figures model a purchase at the Mount Pleasant median of $780,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Mount Pleasant median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Mount Pleasant Short-Term Rental FAQ

More Mount Pleasant investor resources

Mount Pleasant investor guide
Full market analysis and loan options
Single-Family Rental in Mount Pleasant
0.53x est. DSCR
2–4 Unit Multi-Family in Mount Pleasant
0.66x est. DSCR
Condo & Townhome in Mount Pleasant
0.52x est. DSCR
Charleston County investor hub
Every market we finance in the county
DSCR loan requirements in South Carolina
DSCR payment calculator

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