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Seneca, SC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,530
Monthly Cash Flow
-$123
Principal + Equity
$1,825
Annual Total Gain
$20,423
Cash on Cash
-1.97%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$392
Occupancy Rate
39.29%
Monthly Revenue
$3,444
Monthly Cash Flow
$1,275
Principal + Equity
$1,825
Annual Total Gain
$37,193
Cash on Cash %
20.47%
Net ROI %
Market Health & Growth
Median Income
$52,207
Population
8,910
LTR Renter %
47.28%
Forecast (1 yr)
2.95%
Appreciation (1 yr)
0.26%
Appreciation (5 yr)
49.4%
Appreciation (10 yr)
86.01%
Job Growth
5.64%
LTR Rentability
High
STR Demand
47
STR Rentals
383
Top Public Schools
BSeneca High School
BNorthside Elementary School
B
B
B-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in South Carolina
#37out of 188 markets
Best Places for Young Professionals in South Carolina
#39out of 188 markets
Best Suburbs for Young Professionals in South Carolina
#33out of 120 markets
B
Public School
C-
Crime And Safety
B-
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Seneca, SC.
In Seneca, SC, Short Term Rentals (STRs) are regulated by the city government. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Seneca:
1. Zoning Regulations: Seneca has specific zoning regulations that govern where Short Term Rentals are allowed to operate. It is important for investors to check the zoning laws in the area where they are considering purchasing a property for STR to ensure that it is allowed.
2. Business License: In Seneca, property owners who wish to operate a Short Term Rental are required to obtain a business license from the city government. This license must be renewed annually and there may be fees associated with obtaining it.
3. Occupancy Limits: Seneca may have occupancy limits for Short Term Rentals, which restrict the number of guests that can stay in the property at any given time. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Safety Regulations: Seneca may have safety regulations in place for Short Term Rentals, such as requirements for smoke detectors, fire extinguishers, and emergency exit plans. Investors should ensure that their property meets these safety standards.
5. Taxation: Short Term Rentals in Seneca may be subject to local and state taxes, including sales tax and accommodations tax. Investors should be aware of these tax obligations and ensure that they are properly collected and remitted.
6. Noise Regulations: Seneca may have noise regulations in place that govern the hours during which guests can make noise at Short Term Rentals. Investors should be aware of these regulations and communicate them to their guests to avoid any potential issues.
Overall, investors should thoroughly research and understand the regulations and requirements for Short Term Rentals in Seneca before purchasing a property for this purpose. Compliance with these regulations is essential to avoid any potential legal issues and ensure a successful investment in the Short Term Rental market in Seneca, SC.
Market Trends Over Time
Explore 25 years of market data for Seneca, SC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Seneca, SC.
The LTR Genie Score of Seneca, SC is 80 and STR Genie Score is 76, indicating that both long-term rental and short-term rental opportunities are favorable in this market. The high LTR Genie Score can be attributed to the high LTR Rentability and LTR Net ROI of 27.33%, while the STR Genie Score is slightly lower due to a lower STR Occupancy rate of 39.29%. However, the STR Net ROI of 49.76% is still quite attractive for short-term rental investors.
Seneca, SC is a growing market with a 1-Year Price Appreciation Forecast of 2.95%, making it an attractive option for real estate investors looking for potential appreciation in property values. Additionally, the STR Revenue of $3,444 indicates a strong demand for short-term rentals in the area.
Overall, Seneca, SC appears to be a promising market for both long-term rental and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize their returns in this market.
LTR Genie Score 86
$110,000
🛏 2 Beds🛁 3.0000 Baths🏙 2,118 sqft.🏠 SINGLE FAMILY
