Having trouble running numbers on my personal home turned rental.

[Derek Markowicz]

I am having trouble understanding how to run my numbers on my personal home turned rental. I purchased the home in early 2014 for $111,000, currently worth 155,000. I currently owe 86,000 on the property. I lived there up until a year ago when I moved in with my girlfriend. Yes I let it sit for a year paying the the mortgage (you know just in case) I finally decided to see if I could rent it out. I was able to get a tenant in paying 1500 a month (about avg. market rent). My mortgage/taxes/insurance is 1045 a month. Tenant pay all utilities. Now this is definitely a better situation than just paying the mortgage. I am hoping someone would be able to help me understand if this is a good financial move or should I have just sold the property. Thank you for any and all help. If you need more information just ask.