Monthly Income:      Monthly Expenses:       Monthly Cash Flow:      Pro Forma Cap Rate:$1,550.00                     $2,248.06                       -$698.06                            2.35%     NOI                   Total Cash Needed      Cash on Cash ROI            Purchase Cap Rate$8,124.00                     $20,349.00                      -41.17%                            2.35%======Financial Projections========     Total Initial Equity: -$334,650.00     Gross Rent Multiplier: 18.55      Income-Expense Ratio (2% Rule): 0.44%     Typical Cap Rate: 2.35%      Debt Coverage Ratio: 0.49     ARV based on Cap Rate: $345,000.00=======50% Rule Cash Flow Estimates=======     Total Monthly Income: $1,550.00     x50% for Expenses: $775.00     Monthly Payment/Interest Payment: $1,375.06     Total Monthly Cash Flow using 50% Rule: -$600.06========Analysis Over Time==========Annual Growth Assumptions    3%                   2%                3.4%Expenses         Income       Property Value_______________________________________                                        Year 5Total Annual Income        $20,536Total Annual Expenses      $28,645Total Annual Cashflow      -$8,109Cash on Cash ROI             -39.85%Property Value                 $407,776Equity                              $111,347Loan Balance                   $296,429Total Profit if Sold            $49,939Annualized Total Return       28%

My interest is to build a network of people who have experience in doing flips in Arizona, who want to partner up potentially and / or are in Phoenix, to take care of admin tasks ,for I can not be immediately in Phoenix for the next month, in case the offer gets accepted and errands have to be completed.Anyone interested or else please reach out Best regards, Mariesa

The lower cost areas tend to be that way for a reason - many have stagnant or negative population and job growth over the past few decades, so people are gradually moving away and average wages are relatively stagnant.I'd encourage you to narrow it down to specific markets in both states for more detailed comparison.

Sounds like you're ready to see even more explosive growth.

Thanks in advance, I really would like to support growth in Baltimore!

There are developers (locals) that pick up land near the growth boundary's and hold on to it for years, but I don't know if you are close or not.

Actually, Phoenix and Tucson are some of the more competitive markets to invest into for population and rent growth in the nation.

I've put together a spreadsheet analyzing a number of markets with plenty of both growth and flipper activity, targeting several cities away from major metro areas, but obviously still looking to avert an overly saturated market(s).

I've seen the growth and power RE contains.

I've seen the growth and power RE contains.