When to buy New Build for rental or hold a few years

[John Blackrock]

Hi! I'm looking at a new build townhome and did the rent divided by purchase price and comes out at .9%. The reason I'm considering it is that the city is growing, listed on some reports as top 10 for rentals, and there aren't that many properties left in this development. In the last year prices in this development have risen 10-20% with 9% for the city. It's located 15 mins from downtown and major airport. I could buy then rent it out or buy and sell in a few years. The reason I'm here asking is because I don't know how to evaluate a new build. Based on what I know I think it's a pass but I want to make sure I'm not missing something. I don't know what I don't know. If it's a good deal I don't want to miss it. I see other properties in the development being sold, immediately listed for rent and then no longer active after 1-4 weeks. Any advice appreciated. Thank you!