If I remember correctly, the "control group" metric of the 6th, based on pre-COVID  numbers, was 20% (that was also asked in the survey). 

I would not choose these lower cost areas over higher cost areas unless you are aware of metrics that lead you to believe they are a good RE market.Cheap does not imply a good value and expensive does not imply a bad value.Good luck

Therefore, your analysis metric should be just as variable.  

How do you think these (or other metrics) would compare in 2 small MF vs. 1 larger MF?

My metrics for finding my coach was:1.

These two 'extremes' are why many investors look at the Internal Rate of Return (IRR) and other financial metrics and not just CAP Rate or Cash-On-Cash.

If the property passes my metrics, I will dig in further by paying for more data from AirDNA and/or Keydata.Best of luck!

Cash flow: $527/mo    $6,330/yrFinancial Metrics:1.

In fact, I see the same "what should I be looking for" queries so often that I've actually developed a list of specific metric-driven questions I think any investor should be asking of the TK providers they consider.

Personally, I am thinking that any metric that involves possible future buildable square acreage can be perceived as confusing and potentially make homeowners approach other developers for validation.