This is a value play, and there's plenty of value. My room had the "futon" setup. I'd opt for a bed next time but how much can I complain at this price?
I ding this stay only about location. It's 8mins to the station, which is alot considering you'll spend plenty of time on the train unless you're just going to ikebukuro. There is food, but be wary that many places close early.