In Horry County (Myrtle Beach), South Carolina (Horry County (Myrtle Beach), SC metro), 1–4 unit investment properties carry an average effective property tax rate of 0.86% and landlord hazard insurance averaging $940 per $100K of coverage. At a median 1–4 unit acquisition price of $355,000 and Form 1007 market rent of $2,950/mo, a 75% LTV DSCR loan models at 1.31x DSCR ($2,259/mo total PITIA).
South Carolina 6% Investment Assessment Ratio: Non-owner-occupied investment properties are assessed at 6% of fair market value (plus non-exempt school operating millage), roughly 2.5x–3x owner-occupied 4% taxes.
Grand Strand Condotel & Coastal STR Wind/Flood Zone
Standard county deed recording & nominal transfer fee ($50–$350 flat or ≤0.20% of consideration).
Underwrite post-acquisition tax bill using county millage calculator to prevent Year-2 escrow shortage.
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