Vacancy of 5% is each unit can only be vacant 1 month out of 20.

Play vacancy higher than usual then things start to get complicated.

Here is a list of a few that are of great value:· Population Total· Home Values· Household Incomes· Poverty Rate· Population Age· Rental Vacancy Rate*· Homeowner Vacancy Rate*· Educational Attainment Rate (High School/GED & Bachelors)· Number of Housing Unit· Rent to Income Ratio*· Rent to Price Ratio*· Population on SNAPS (supplemental nutrition assistance program) percentage· Property Tax Rate*· Median Age of Buildings· Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)· Median Rents by Number of Bedrooms· Population Change (Births, Deaths, In-Migrations, Immigrants)*note that some of the metrics are composites that are computed by comparing two or more variables from the ACSA number of the variables above can also be broken up into cohorts, which will give you even more insight into how an area is doing.

Because of its desired location, I expect to have little to no vacancy issue (in my numbers I did add 5% vacancy factor just in case).

I also plan to complete some aesthetic renovations over the summer.Looking at the comparables in the area, most similar properties rent for $1250-$1400 a month.My issue is that with my current expenses at $1224 a month without utilities, that leaves me with very little cashflow, especially for establishing a reserve fund for repairs and vacancies.

Because of its desired location, I expect to have little to no vacancy issue (in my numbers I did add 5% vacancy factor just in case).

Because of its desired location, I expect to have little to no vacancy issue (in my numbers I did add 5% vacancy factor just in case).

And what vacancy can I expect? 

Seriously, it's free and you have nothing to lose.I'll never understand landlords who intentionally put themselves at vacancy risk instead of simply asking the tenants to pay more. 

I tried to use the calculator but still couldn’t figure out what’s bestRent: possibly $1,250/month (3bed/2.5bath)Sale: comps for exact home or slightly smaller recently sold for around $160kWith rent I know there are addition expenses: vacancy- tenant repairsHOA: $25/monthMortgage/Tax/Insurance: $830/month Water: not sure I think I average around $30/month possibly.