Campus Rental Properties

[Jon New]

What are peoples thoughts, or ROI standards for rental properties on college campuses. I know when I was in college we paid a fortune in rent, were minimally concerned with minor issues, but in turn were hard on the property. I know rent can be higher around campuses but wanted to see if someone had a standard they used to determine if a property was valued correct. I have heard rent times 8-10 (so if rent is 2,000/ month or 24,000/year the property value would be between 192k and 240k). While this seems to make sense, does anyone have a more detailed concept they use? Specifically one that takes into account the higher risk or young tenants and increased wear and tear on the property.

Thanks in Advance!

Jon