The Cheapies with Prospects are the Ugly Ducklings of city real estate. They’re places with strong potential for capital growth. Ugly Duckling is an odd term for something you would recommend to real estate investors. But the term is apt. The Ugly Duckling of the fairy tale was considered unappealing because those around it didn’t understand what it was. It evolved into a graceful swan. There are suburbs with similar qualities. They are places considered unattractive by those looking through uneducated eyes – but they have the potential to transform into real estate swans.