ZIP CODE 29485 // CHARLESTON-NORTH CHARLESTON, SC // DATA AS OF 2026-09-30
Summerville, SC (29485) Rental Property Cap Rate & Cash Flow Report
Located in Dorchester County (Summerville, SC), Zip Code 29485 ranks #156 of 500 within this selected sample (69th percentile) with a Zillow ZHVI typical home-value index of $370,303 (-0.4% YoY) and a ZORI observed market rent of $1,733/mo (+7.9% YoY). Requires at least 48.9% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$676/mo
Annual: -$8,118/yr
Modeled Cap Rate
3.88%
NOI: $14,352/yr
Cash-on-Cash Return
-9.53%
Cash Needed: $85,170
1% Rule Ratio
0.47%
Gross Yield: 5.62%
Break-Even Rent
$2,511/mo
State Tax: 0.51%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 29485 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (SC Avg 0.51%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,872/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$537/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (29485)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $306,247 | $1,342/mo | 5.26% |
| 2022 | $359,959 | $1,511/mo | 5.04% |
| 2023 | $367,446 | $1,588/mo | 5.19% |
| 2024 | $374,071 | $1,632/mo | 5.24% |
| 2025 | $371,686 | $1,607/mo | 5.19% |
| 2026 | $370,303 | $1,733/mo | 5.62% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 29681 Simpsonville, SC | $402,519 | $1,884/mo | 3.88% | -$735/mo |
| 29072 Lexington, SC | $365,040 | $1,724/mo | 3.92% | -$653/mo |
| 29730 Rock Hill, SC | $284,333 | $1,536/mo | 4.63% | -$341/mo |
| 29445 Goose Creek, SC | $324,930 | $1,876/mo | 5.02% | -$284/mo |
| 29526 Conway, SC | $300,321 | $1,809/mo | 5.28% | -$198/mo |
| 78046 Laredo, TX | $194,263 | $1,086/mo | 3.87% | -$356/mo |