Don't Walk, RUN away from that offer. There is no real Avg Price per square foot in a zip code. Due to there being many different factors within the same zip. Some gated communities, some older neighborhoods, some manufactured homes, etc etc etc. In todays market you will have so many choices of styles and properties to buy. I know of one condo I can get you into right now under $90K with the HOA of under $175 per month and a proposed rental income of between $800 & $850. per month.
A Hell of a lot better than $165 for a like unit.
Call me if you want more info.
PAUL
Info@PaulAntonelli.net http://www.OwnAHomeInKissimmee.com

HI - Sounds like you need a great Associate to assit you. Our main office is in 34741 and there is huge range of properties. We also have a large REO department and our bankowned foreclosure properties are selling quickly. If you would like me to refer you to a full time,assocaite, please let me know. Elizabeth

PS All of my buyer specialist have completed complete back ground checks, just a little added layer of comfort and trust.

Hi Candy,

This is just my opinion (albeit from 30 yrs experience) but I see several red flags in your question that
concerns me.

Zero down mtgs are a thing of the past, is this seller financing? Be very careful there.
As far as price per sq. ft... It varies all over the map in that zip code depending on the location.
I would be more concerned over whether it is, in fact worth $165K or not and the zero down financing.

If you do not have an agent that knows that location well - get one to give the exact address to, then a more accurate price can be given. Other factors to give much consideration to are condition, Condo Fees (they can be very high - and do they include any utilities? ) taxes, and the financial condition of the mgmt company.

If you are buying just to rent out I'd tread lightly there as well, and I can tell you for sure there is not a mtg company around that will do investor loans with zero down. If it is seller financing at zero down, that means he or she couldn't sell it or rent it either and are looking for creative ways to dispose of it.

You need professional assistance so you don't make a huge financial mistake.