140k at 1,250 rent

[Paul S.]

There are many properties for sale in my region, but may not cash flow. Here is an example (remember that this is California)

$140k for 1,400 sq ft
3 bedroom, 2 bath
Rental rate = $1,250 a month

At 20% down, that would leave a $112k mortgage for $567 at 4.5% for 30 years. Property tax would be around $2000 a year ($167/month). Landlord insurance might be around $800 a year ($67). So that totals $801. Is that close enough to possibly cash flow?