Tax on turnkey Cash Flow

[Chaim Rosenstadt]

Hi

using a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.

Now did I understand correctly that the 630 $ should taken out against the monthly cashflow without a loan, not including vacancy, capex ? Since pretty much all the other expenses are tax deductible? 

This would leave some 300 odd $ a month I need to pay taxes of (rental income 1250$/month)...so how do people manage to get a tax loss? Or should this also betaken into account?

thanks