Rental Property in Bay Area

[Neeraj Kasi]

hi all,

I have a basic question. I bought my current brand new home in Newark in 2018; very close to Facebook. I am expecting $4500 rent a month that pays for mortgage only. I have to pay $1500 additionally for taxes and insurance. I will be moving to East Coast for job opportunities. 

Given that prices in Bay Area will only increase over time should I keep my home and pay about $20,000 per year out of pocket? My hope is that eventually the rental prices will increase and I will be able to have the value of my home increase as well.

Please advise. Thank you!