@Sai Medavarapu
I know this is an older thread, but I thought it was worth responding to. I'm fairly new to real estate investing, so take what I say with a grain of salt. Generally what @Chris Seveney says is true -- "Just look at any city with high crime or a city with a D neighborhood. It will cash flow on paper."
The last bit is the important part, and I'm sure that he's included it for a reason. Like in most areas of business, higher risk comes with higher reward (and often greater amounts of effort). Managing what I'm sure is likely a nice property in Phoenix will be very different to managing a high cash flowing property in a high crime area or a D neighborhood. Your cashflow will be greater on paper as Chris S says, but you'll need to take into account that you'll need to do more leg work on screening tenants and may have to put up with more headaches in the day-to-day management (e.g. tenant unable to pay rent, tenant is gone, house gets broken into, etc).
To add onto the bit about the D neighborhood, if you can find a property in an area that's experiencing rapid growth and development, you can likely get a return on the appreciation and the rents may go up too. You'll need an experienced local agent to navigate those neighborhoods though. And as mentioned by others, distressed properties anywhere can cashflow.
You may also want to take a look at an STR or mid-term rental. There's effort in managing these, but you might not have to deal with some of the issues that you would in a high-crime area.
PS $100 Cashflow might not seem all that great. But if you're in Phoenix with a hands-off property that's not a bad situation to be in.
