I got incredibly lucky as I recently sold a couple of early properties since my ROE dropped and have conventional slots available.

As your numbers quite clearly show.Student rentals might get your income numbers up, but they will beat the heck out of the property, your neighbors (who I assume are mostly families) will hate you, you've missed lease-up season, and who knows if students are actually going to be back next school year.Your Return on Equity (ROE) isn't going to be great.

Typically, once you start getting above ~$130k FMV, the price-to-rent ratio gets out of whack, you can't hit the 1% rule, and you either don't cash flow or your Return On Equity (ROE) is horrific.If you share the specifics, the community will be happy to take a look.

Even if you could scratch out a little cash flow, with close to $300k in the property your Return On Equity (ROE) is going to be terrible.I'm not expecting a jump in property taxes her in CT, UNLESS the town was already in some trouble prior to the pandemic.

As @Shawn Roe pointed out trends in the stock market should be decoupled from the housing market for various reasons.

@Alexis Jaramillo look at the overall ROI and ROE.

One thing to also consider is your ROE/Return on Equity, which typically tends to diminish over time as your equity grows.  

You'll never hit the 1% rule, which means you either won't cash flow or your Return on Equity (ROE) will be terrible.I found 1 comp near this property.

If you will have more than 80% of the ARV invested in the property, you will have to slice it differently and focus on CoC and RoE in order to make accurate comparisons.

The price-to-rent ratio begins to diverge and you end up either not cash flowing or having terrible Return On Equity (ROE).