Taxable Income higher than Cashflow?

[David Chappell]

Hi everyone, I am running the numbers on a potential property and Im making sure I am doing this correctly.
Here are the #s, if these look right I am paying $803 in taxes on a property that Cash flows $1,574??

Gross Rental Income	$14,400
- Operating Expenses	$5,391
Net Operating Income	$9,009
- Mortgage Interest Expense	$3,693
- Depreciation Expense	$2,103
Taxable Income	$3,213
Taxes Owed (25% Tax Rate)	$803