Cash Flow Depend on the Initial Price of a Property?

[Jeremy Roll]

I was thinking about the ability for a property to cash flow whether the property is expensive or inexpensive. 

I'm just wondering what your thoughts are on cheap properties vs. higher priced ones. Does monthly cash flow normally correspond to the initial price invested in a property or is it separate from that? Do cheaper priced properties usually mean less cash flow and higher priced properties mean higher cash flow? 

Not sure I am articulating this very well.

I know I am asking a hypothetical question that has so many variables that it would be hard to pin it down like what market the property is in, what city, what part of the country, what neighborhood, etc. But still wondering general thoughts on this.