You are forgetting general maintenance expenses, vacancy, prop management, and big ticket items (roof, hvac, etc).

In the homes I sold using this concept, I transferred 100 percent of maintenance and repairs to the tenant.

I got mine free with my annual REI membership renewal (hmmmm - stacking the decks).

That's a loss of at least $1179.15 a month, not including taxes,insurance, vacancy, maintenance, etc.This property doesn't make sense as a rental.I've recently written a blog post emphasizing that real estate isn't something you should go into casually and that real estate gurus (people arguing you should do 0% down) are not acting in your best interest.It might be worth a read: http://peartreeproperty.com/real-estate-gurus-are-full-of-it/

A nuisance property shall be any property which is in violation of the Borough property maintenance requirements by being in a substantial state of uncleanliness, disorder or disrepair; any property substantially damaged by fire, flood or other natural disaster; any property determined to be uninhabitable by the Code Enforcement Officer; or any property which is occupied by any tenant who has engaged in any or all of the following conduct:1.

For any particular property in any particular year, you may do somewhat better or quite a bit worse.You can also earn a slice of that 50% if you do the management and minor maintenance yourself.

Repairs & Maintenance: Upon the original purchase inspection, we noted several repairs that need to be made.

Personally, I think I would rent it out and perhaps try to do a "lease option" to get a little more rent and transfer the maintenance concerns over to the tenant.

It is 18% annually in Maryland.

It is:Gross rents x 50% = Cash Flow before debt service (the 50% includes taxes, insurance, property management, utilities paid for by owner, maintenance, vacancies, etc).Once you have that number, subtract your debt service payment (principal and interest), and you will have the cash flow.Without the actual rents or your loan details, it's hard to provide an accurate example.