LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,442
Monthly Cash Flow
$162
Principal + Equity
$1,020
Annual Total Gain
$14,179
Cash on Cash
3.7%
Net ROI %
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
Most Diverse Places to Live in South Carolina
#10out of 188 markets
Best Places for Young Professionals in South Carolina
#67out of 188 markets
Places with the Lowest Cost of Living in South Carolina
#109out of 188 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Sumter, SC.
As of September 2021, Sumter, SC does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
It is recommended that investors consult with local authorities and zoning departments to ensure compliance with any existing regulations or restrictions that may apply to short term rentals in Sumter. Additionally, investors should be prepared for the possibility of future regulations being implemented, such as occupancy limits, registration requirements, and licensing fees.
Investors should also consider the potential impact of STR regulations on their investment property, including the potential for increased costs or restrictions on rental activity. It is important to conduct thorough research and due diligence before investing in a property for short term rental purposes in Sumter, SC.
Market Trends Over Time
Explore 25 years of market data for Sumter, 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 Sumter, SC.
The LTR Genie Score of Sumter, SC is 60 and STR Genie Score is 65, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability is moderate, suggesting that there may be some challenges in finding long-term tenants. However, the STR Genie Score is higher, indicating a better potential for short-term rental income. The 1-Year Price Appreciation Forecast is slightly negative, which may impact long-term investment returns.
Sumter, SC is a growing market with a diverse economy driven by industries such as manufacturing, healthcare, and education. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive location for renters.
Overall, considering the higher STR Genie Score and potential for short-term rental income, Sumter, SC may be more attractive for short-term rental investments. However, investors should carefully evaluate market conditions and rental demand before making a decision. Additionally, diversifying investment strategies by considering both long-term and short-term rental options could provide a balanced approach to maximizing returns in the Sumter market.
LTR Genie Score 93
$175,000
🛏 4 Beds🛁 2.0000 Baths🏙 2,624 sqft.🏠 SINGLE FAMILY
