Super new Landlord Hilltop Rental on Demorest Rd 43204

[Andrew Grimmett]

This is actually my Grandfather's property that I am trying to get him a monthly cashflow since he is now in an assisted living situation. He gave me the property (through a Quit Claim Deed) but his name is still on the mortgage (which I have now taken over payment for). It didn't feel right to take the income so I am giving it all to him, but have no idea about what is possible in this area. 

I am almost done with the rehab phase of my project. All in, it should cost me around 35k and the mortgage is 46k at 5.75% with a payment of around 645 and HELOC I used for repairs at around 350. I am going to attempt to rent this property in Hilltop for around 1450 a month (based on the rent estimator on this site). I know this may be a hard question, but I am hoping there is someone out there that is renting in Hilltop. Will 300 a month for maintenance/vacancy with 150 cash flow be okay for this property?


Any advice would be appreciated! :)