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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

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.

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