Should be good...

[Bryan P.]

I think you guys would say this is an OK deal.

College town rental. 15 blocks from the school, rural town.

3 BR-1.25 Bath
1450 Sq Ft
NO OFFSTREET PARKING (THA'TS AN ISSUE)

Sale Price-40
Closing Costs-3
Rehab-minimal
Total investment-45

PITI for 20 years should be appox. 400 per month.

Could get 350 per room. 1050 per month gross rent.

Looks like it meets the 50% and 2% rule?

[Jon Klaus]

Sounds pretty good, but will need a bit more than average management since you'll have 3 different student tenants living together. Have parents co-sign the leases.