Investment homes in cool school towns

Athens, Georgia

Address: 680 Pinecrest Drive
Price: $175,000
Square feet: 1,188
Price per square foot: $147

Situated in the woods on about half an acre, this cozy cottage features three bedrooms and two full bathrooms. It's less than a mile from the University of Georgia campus. The living room has an open design with wood floors. The dining room features a masonry fireplace and two large sliding glass doors that look out on the tiered deck. Standard appliances and counter tops come with the kitchen. The basement adds to the rentable space, with a bedroom, bathroom, living room, laundry room and exterior door. The typical mortgage payment will be around $728 per month; average rent on a three-bedroom home is $1,120.

It's hard to ignore football in Athens. The Bulldogs run wild in the SEC conference. But it's easy to see why U.S. News & World Report named Athens in its list of great college towns. Sitting below the Blue Ridge Mountains, Athens can brag about its antebellum architecture and eclectic nightlife.

Donna Fee: Keller Williams Realty; 706-316-2900