Does this rental make sense?

[Abhijeet Gavli]

I had bought a SFH for $325K last year as a primary residence (to get better rates) in Charlotte NC. Now I plan to rent it out for market rate of $2200. The mortgage including taxes/insurance comes to around $1500. After staying for a year, my estimate for monthly upkeep costs is about $600 which includes $250 for unforeseen expenses.

Since I would just be making about $100 a month, do these numbers make sense? I have a full time job but plan to manage this rental on my own to get some experience.

This would be my first deal, so wanted to get Experts' opinion before the leap!

Thanks in advance :)

[Curtis Waters]

You could get a much better return on lower value property.  One month vacancy would put you behind for almost 2 years!