You'll need to collect costs for all of the building expenses: tax, water, power (do they pay their own, does the landlord pay), garbage removal, insurance, oil/gas, maintenance etc.

It doesn't have central heat and air so that might be another upgrade down the line.Here is the math:INCOMEMonthly Rental$ 1,475.00COSTSmortgage$ 726.90insurance (fixed)$ 54.17vacancy rate$ 103.25taxes$ 150.00property mgmt company$ 118.00water bill, sewer, garbage$ 195.00city annual fee$ 10.00misc big ticket items$ 50.00landscaping$ 40.00TOTAL MONTHLY EXPENSES (with mortgage)$ 1,447.32Monthly cash flow (with mortgage)$ 27.68 

@Minka Sha COSTS-$65000mortgage- $65,000insurance (fixed) -$2000vacancy rate $100% occupiedtaxes -$900property mgmt company - 8%water bill, sewer, garbage- tenants pays utilitiescity annual fee-N/amisc big ticket -N/A

We pay $55/month for garbage at our six.

Never give them the money before they have all of their stuff out and hopefully they clean out the garbage too.

We paid water/garbage and the company paid for electric and natural gas.

The $1k note I would venture to say is garbage.  

Payment is automatic deposit and I have had one call in 6 months to fix a garbage disposal.

Saj ShahI bet you wish you would have found me before you bought that garbage. 

To find the good information, you'd have to wade through all the garbage, and our forums would turn to mush.Basically, you cannot tell anyone what you do in the forums.