First Rental Property

[Taylor Bauer]

Does the guideline for a monthly rent between 0.8% and 1.1% of the property's value include power, water, gas etc.?

I am currently looking at a few locations/properties though Zillow, redfin etc. to get an idea of the rent/cash flow potential in the surrounding areas.

If for example a home is selling for $225,000 it will have an estimate of $1,462/month.

With 25% down the calculator shows:

$1,023 per month

Principal and interest $806
Property taxes$125
Homeowners insurance$92

How can I get a better idea of the total including everything?

Or would you just rent it out between 0.8% and 1.1% ($1800-$2500), taking into consideration the surrounding areas rent, making sure it turns a positive cash flow?