Are My Numbers Right / Rental?

[Marc Possoff]

House is almost ready for rent. I have 1 house now but wondering if my #’s are right. 

House was 110% completely renovated from top to bottom side to side and a new roof. House is a 2 bedroom 840 sq ft  

Potential rent $13,750($1250 a month rent with 1 month vacancy per year, so getting 11 months rent per year)

Taxes $1000

Insurance $1000

Expenses $2500( keep stacking for potential expenses) 

Total income from rent $13,750

Total expenses $4500( taxes, insurance, expense account

$13,750(11 months rental income) - $4,500 = $9250 revenue?

I know there’s going to be fed income tax but I’m hoping that that can be offset with the $2500 expenses as sort of write offs.