Question about rental cashflow in Austin

[Dain Waters]

Hello,

I've been procrastinating on making my first investment purchase here in Austin. I'm wondering if anyone has any feedback or experience on purchasing and renting a newish (1-5 years) construction home. Based on current newish home prices and rental prices, any purchase I make I'm probably going to break even with cashflow. Has anyone seen differently and if so what areas are the best for investment opportunities? 

If my assumption is correct, break even, how long before a positive cashflow is netted? I realize this would depend on what I can charge for rent. Just not sure how fast rent prices have/will go up and what to expect say 1-5 years out. 

Thank you!