Tayton Capital
ES
Short-Term Rental · North Charleston, SC

Short-Term Rental Financing in North Charleston, SC

Estimated 1.00x DSCR on a $350,000 short-term rental with $87,500 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$350,000
25% Down
$87,500
Loan Amount
$262,500
Est. Monthly PITIA
$2,277
Creditable STR Income
$2,268/mo
Est. DSCR Ratio
1.00x

Short-Term Rental investing in North Charleston

Short-term rental financing in North Charleston 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 North Charleston median of $350,000, a short-term rental prices near $350,000. Minimum down is 25% ($87,500), leaving a loan of $262,500. Estimated all-in PITIA runs about $2,277 per month.

The North Charleston ratio math on this product

Gross nightly revenue in North Charleston models to about $3,150/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $2,268 of creditable income. Against a PITIA of $2,277, that is an estimated DSCR ratio of 1.00x. That lands just under 1.0. It does not kill the deal in North Charleston: moving to a larger down payment ($105,000) usually closes the gap, and several shelves fund down to 0.75x with a rate add-on.

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 North Charleston median for this product: an estimated cap rate of 4.28%, and monthly cash flow of $9 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.

North Charleston property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$350,00020% ($70,000)$2,100/mo0.88x
2–4 Unit Multi-Family$553,00025% ($138,250)$3,906/mo1.09x
Condo & Townhome$252,00020% ($50,400)$1,659/mo0.85x
Short-Term Rental (this page)$350,00025% ($87,500)$2,268/mo1.00x

All figures model a purchase at the North Charleston median of $350,000 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 North Charleston 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.

North Charleston Short-Term Rental FAQ

More North Charleston investor resources

North Charleston investor guide
Full market analysis and loan options
Single-Family Rental in North Charleston
0.88x est. DSCR
2–4 Unit Multi-Family in North Charleston
1.09x est. DSCR
Condo & Townhome in North Charleston
0.85x est. DSCR
Charleston County investor hub
Every market we finance in the county
DSCR loan requirements in South Carolina
DSCR payment calculator

Price a short-term rental in North Charleston

Send us the address and we'll model the real DSCR ratio, PITIA and cash flow on that specific property — usually the same day. Licensed in South Carolina, and we close in an LLC or your personal name.

Get My Investment Analysis Talk to a Loan Officer

Keep exploring

Related pages

Get started

See your loan options in minutes.

Tell us a little about you and we'll reach out personally — usually within one business day.

Or call (970) 708-9624

Terms · Privacy Policy

Get a quoteApply Now