Cash flow area in Phoenix

[Bariso Sora]

Hi BP Family,

I need your help. I am ready to invest in real estate in Phoenix area specifically in multi-Family. What neighborhood is good for cash flow?

My investment criteria

Cap rate min 6%

Cash on cash return: min8%

Low maintenance

Future appreciation value 2%

[Pamela Sandberg]

ASU is currently planning to have in-person classes for the fall semester (so long as there isn't another spike in cases or anything unexpected). The other schools will open eventually - I would be surprised if any of them were still closed by Spring semester 2021. There could be a few months of reduced vacancy, but it doesn't look like that would be an ongoing situation. 

Also: Phoenix generally has low vacancy numbers throughout the valley. Even if the schools aren't doing in-person classes,  we have plenty of workers who are always looking to rent!