First, for CSU students, the closer to the campus the better, (obviously), and the lower the rent the more likely you'll get a strong occupancy %, (again - obvious).
Maybe the key question isn't "what neighborhoods are best" but what are your expectations as a investor? There are a lot of questions to answer before getting involved as an owner/landlord. How much involvement do you want? Do you prefer single detached homes or multi-unit investments? What do you expect your ultimate IRR (Rate of Return) to be?
Than, for a quick comparison of properties... Price per Square Foot or Cash-on-cash return...Gross Rent Multiplier or what I think is the most accurate for a fast look..CAP Rate. Finally a solid investment software spread sheet that takes into account Holding Period/Rental Increase/Property Appreciation/Land & Building Value/Net Operating Income/etc.
You'll want a Realtor that is experienced in investment property and I also recommend that you take a Real Estate Investment course so that you can know the right questions to ask. After all, we are ultimately responsible for our decisions, it's best to be as prepared as possible for your success!
Best of Luck,
ERA Herman group
303-995-0997 or 970-488-9391
Hope this helps.
Kindly, Carrie Holmes
South of Mountain Ave., North of Prospect, East of Shields, West of 287 (or college)
South of Mountain Ave., West of Lemay, North of Prospect, East of 287 (or college)
In general areas East of 287 are going to be more expensive as they are nicer homes and more "historic"
best bet is closest to campus and at least 3 bed 2 baths- don't worry about quality as its a college rental and will continue to rent.
Hope that helps!