Deciding on our first investment in a college town

[Kristie Hurst]

Hi there,

We are looking at an investment property in the town where our daughter will be attending college in the fall. This will be our first deal. It's a single family, 3 bed, 2 bath, 2 car garage, small fenced yard, no basement property that needs zero work. It's on great condition in a very safe area. Sellers are firm at $190,000 which is about 10-15k higher than most of the other properties in the area. Rent is $1500/ month. Our daughter will be living there 3 of her 4 years as well, so it will be serving dual purposes. I'm just not sure if it's a good deal and would appreciate any advice. Thanks so much. 

Kristie