Landlords in Abbeville County, SC, collectively own 1,208 SFR properties, constituting 15.5% of the total 7,817 SFR properties in the market. This reveals a significant, though not overwhelming, investor presence within the county's housing landscape.
Individual landlords are the dominant force, owning 1,054 properties, which accounts for 87.3% of the total investor-owned SFR. In contrast, company-owned properties number 156, representing a much smaller 12.9% share, dispelling notions of corporate dominance.
The investor market in Abbeville County operates almost entirely on a cash basis, with all 1,208 investor-owned properties being cash properties. This indicates a highly liquid and unleveraged investment approach, minimizing interest rate risk for landlords.
A vast majority of landlord-owned properties, specifically 1,171 out of 1,208 (96.9%), are currently rented. This underscores that investor activity in Abbeville County is overwhelmingly focused on generating rental income rather than owner-occupancy or speculative holdings.
Remarkably, there are no financed properties within the entire landlord-owned SFR portfolio in Abbeville County. This points to a conservative investment strategy, possibly driven by local market conditions or a preference for avoiding debt.
With 1,239 individual landlords compared to 141 company landlords, individuals make up 89.8% of distinct landlord entities, even higher than their property ownership share, signifying a robust mom-and-pop investor base.