If I was to invest this summer I would follow suit with the rest of the aparment craze in College Station. The average occupancy rate for units built 2000-2009 is right at 98%. With the average size and rent per sf respectably being 905 and .886. Therefor the average calculated monthly rent would be 905(SF)x.886(Avg rent per SF)=801.83.
Just from the statistics above it makes sense to me. You hava 98% chance of making on average 801.83 a month. What I would like to do with it would be to buy an apartment or condo and rent it out. Then as soon as I had tenants in it I would list it for the amount of return I expected on my investment. If a year went by without selling it I would just adjust my price accordingly to the amount of money I've made through rent cash flows through the investment.
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