OSU Parents

Considered purchasing a condo for your student.

Room and board at OSU per year = approx $8200/year

Expenditure after 4 years = $32,800

Purchase price $135,000

Estimated value at the end of 4 years = $157,931*

Gain of Approx. $24,931

20% Down payment on a $135,000 mortgage = $27,000

Payments would be approx. $682.00 (principle and interest)

Check with your accountant regarding interest and rental expense deductions.

* Based on 4% increase in value per year