Versus other areas are more in the 50k to 80k range. 

I did a quick google search for cap rates on apts in Muncie and I got a range of 8.13% to 9.50%.

And, that this return to office will manifest itself first in suburban areas with relatively less competition and shorter commutes for local workers, and that re-absorption of inventory will take a lot of time in urban areas with tons of vacancies.

Just sent several clients today some in $125-$150K range, but they pretty rough, but rented at 1% rule and not in the best areas. 

I found a new build I like and in my price range while visiting Charlotte this weekend.

Doing a quick search, I see a bunch of duplexes in and around Austin available in the price range you are talking about, if that's where you are from and want to live in the future.

For this project, that would mean targeting land in the $1.5 million range.

Whereas the cap rate on active listings are 5, 6 range.

Inventory has held steady around 5-6 months for some time now, with roughly 9% more active listings on the market in the metro now compared to Oct. 2023.

The asking price is $375,000, which includes all inventory and FFE.