Single-Family Rental Financing in Sumter, SC

Single-Family Rental investing in Sumter

Single-family rentals are the cleanest DSCR file you can write in Sumter. One unit, one lease, one Form 1007 market rent schedule, and the deepest set of sale and rent comps in the Sumter County appraisal market. Detached stock also carries the longest average tenancies, which is what actually protects the ratio you close at.

At the Sumter median of $210,000, a single-family rental prices near $210,000. Minimum down is 20% ($42,000), leaving a loan of $168,000. Estimated all-in PITIA runs about $1,430 per month.

Returns and structure

Return metrics at the Sumter median for this product: an estimated cap rate of 6.47%, and monthly cash flow of $395 positive at 20% down. A file that cash-flows at the minimum down payment is the exception in South Carolina right now, and it gives you room to absorb an insurance renewal without going to the reserve account.