If you are going to sell then you must understand the tax implications. 

So, for a $2,500 rent with a 3x income rule, you’d expect their combined gross income to be $7,500/month.As for utilities being included in the rent, some landlords in NYC do lower the income requirement slightly (e.g., to 2.5x or 2.75x) since tenants won’t have additional out-of-pocket utility costs.

Hopefully it'll be lower, but that where's my urban developers in a few other markets are seeing their numbers come in.

You must have the Business tax license & pay all the fees required.  

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

Or if you want to swap higher returns for lower maintenance you can look in to FIG (fourplex investment group_.

If you're new to investing, keeping an eye on property taxes and HOA fees in this area is also key. 

I’m also making the property my primary residence to lower upfront costs, effectively turning it into a house hack.With this setup of me now occupying a room and not including utilities. 

The greatest property tax sale state

It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided