Am I Making A Smart Investment?

[Garrett Canter]

Hello BP community. This is my first post and wanted to reach out for some advice.

I'm moving to the Salt Lake City (SLC) area and looking to buy a home (2607 S Highland Dr, Salt Lake City, Utah 3bdr 2bt for $349,900). First off, this market is crazy fast. This will be my 4th home purchased and I've never seen anything like this. I know I will be in SLC for no more than 3 years and will need to sell or rent. Running the numbers looks like I'll need to rent it for $2,350 for any cash flow ($20). Its a nice home but I'm not sure it can rent for that much. I will be doing a no money down VA loan but not sure if 5% property value increase per year will be sufficient given only 3 years. It is in a great area (near Sugar House) but just not sure about this.

Hopefully I provided enough information for some advice. Please let me know if there are any other questions. Thanks in advance for any insight people can provide

- Garrett