New home construction for rental

[Troy Miller]

Hello everyone I have been analyzing a ton of properties and I have identified two properties. I initially wanted to do BRRR but the two properties I found are both rather new (2019&2020). I ran the numbers and one had a COC ROI 5.17 % and the other is 8%. I know they aren't great but they are in a great area that is growing super fast with a large highend shopping center to open in the next 3 to 4 years and they are across the street from a highly rated high school. Both properties cashflow about $400 (which isn't great but seems decent). What's your thoughts on buying new homes with such a low ROI in hopes of the appreciation. Thanks