Is there any other classes I need like college classes or are these the ones considered it?

Especially the math is fun one that popped up as you use the NPV-Net Present Value to get your IRR- the internal rate of return.At any rate you say the purchase price is $1,600,000 for 16 units which is $1m per unit-the NOI is $181,000/12=$15,083 per month income after all expenses except these here. 

I want purchase a property in a college town close to campus and rent it out.

It’s not booming as much as Boise but it does have a 40% owner 60% rental population because of the College Of Southern Idaho, the recently built hospital and 4 brand new schools and the rumors of a large company setting up shop.

If college age and young adults are your target renters, this would be a great place to look.Most of the family neighborhoods are seeing house prices skyrocketing.

If I were to considet PG, Id probably target 300s in College Park area. 

Lastly, you will have to be honest with yourself about your property and where it fits interns if location and condition with the other comp properties.When it comes to asking for 5 times rent, I think you mean  making sure tenants have income 5 times above rent amount.

Is there a college nearby, how far is the super market away, how far is the nearest big city, and is there a highway near by.

Would college kids commute to Jacksonville University from the east side or is that too far?

In my opinion the best strategy is to try to find a SFH in a more affordable area (Clairemont, North Park, Kearney Mesa, College Area) with a minimum of 4+ bedrooms that also has a value add opportunity for forced equity (converting garage into ADU for example).