Which one is better for cash flow and appreciation - AZ or NC?

[Kishore Muthukrishnan]

Hi,

First time investor here. I own a primary home in CA and looking to buy an investment property home. I am trying to decide on the following areas between AZ and NC, would love to connect and get valuable inputs. I chose the below areas primarily due to solid development, companies and university presence. If there are any other areas or other states that offer similar or better potential, let me know.

AZ: Chandler, Gilbert, Maricopa

NC: Raleigh, Durham

Key factors: Rental breakeven and price appreciation, looking to hold the property for atleast 10 years

Price range: $350k-500k with 100K downpayment.