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House Hack Calculator

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South Carolina House Hack Calculator

House hacking means living in one unit and renting the rest. Pre-filled with South Carolina median prices, rents, and tax rates. See your effective housing cost after rental income and savings versus renting.

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Property & Financing

Units & Rental Income(South Carolina defaults)

Monthly Rental Income$2,880

Operating Expenses(South Carolina defaults)

Total Monthly Expenses$806

Rent Comparison

Monthly Savings vs. Renting$1,278

South Carolina Market Context

Avg Cap Rate

6%

Median Price

$381K

Property Tax

0.44%

Vacancy Rate

10.6%

Local Factors

  • -Highest rental vacancy rate in the nation at 10.6% — screen tenants carefully
  • -Charleston and Greenville are growth markets with strong job creation
  • -Very low property taxes for owner-occupied but investor properties taxed at higher assessment ratio

Sources

World Population Review – Median Home PriceFL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance RatesiPropertyManagement – Vacancy Rates

Effective Housing Cost

$333

Excellent
Monthly Mortgage$2,408
Monthly Expenses$806
Total Monthly Cost$3,214
Rental Income− $2,880
Cost Coverage89.6%
Annual Savings vs. Rent$15,335
Cash on Cash Return-21.0%

Who Covers Your Costs

COVERAGE90%
Rental Income$2,880
Your Cost$333

What does this mean?

Your effective housing cost is extremely low. You're paying a fraction of what you'd normally spend on rent or a mortgage, and your tenants are covering the bulk of your costs.

Keep running the numbers

One calculator rarely tells the whole story.

House hacking in South Carolina changes the math on everything. Run the rest of the numbers.

Cash on Cash Return

Measure the annual return on your actual cash invested, factoring in financing, expenses, and rental income.

Calculate

Mortgage

Calculate your monthly mortgage payment, total interest, and see a full cost breakdown.

Calculate

Rent vs. Buy

Compare the total cost of ownership versus renting over time.

Calculate

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