Backyards are the most under-utilized prime real estate, and it's a travesty that it continues that way. 

Also a $2435 payment I assume you are not adding insurance, utilities, capex, maintenance, etc.

The owner-paid utilities are killing you.

Sounds like you have five years of utilities, taxes, insurance and interest payments as well as all the rehab costs.

Has anyone utilized their VA loan benefits to finance a property?

So you should be looking at:Gross rents- vacancy- repair- capex- property management- HOA- utilities-any other operating expense

What are the numbers you are using for taxes, insurance, maintenance and CAPEX, utilities, administrative fees, and other miscellaneous expenses such as snow removal, rental registration fees and inspections, and CPA / LLC filing fees? 

@Bruse UngerMortgage, Insurance, Utilities, Maintenance and Repairs, Taxes and Fees, Marketing, Accounting, Property Manager Fees, Tenant Turnover/Vacancies, Legal FeesYou can calculate some with a %, some with a per unit per year fee and others will just vary on the location, condition of property, size etc.

Buyer is responsible for turning on all utilities for inspections and appraisals and pay any required utilityinspection fees if needed to turn onE.

. $800.00 per month-600 sqft) possible AirBnB would produce more income per month.1150+800+800=2750Expenses: Taxes $150, Insurance $100, flood insurance: Vacancy $100, Repairs $100, Cap Ex $100, Mortgage $1667 Utilities: Renters responsibility, Total $2217 per month Cash Flow= $533 per monthCash on Cash return: need total repair costsPros:Great neighborhoodTurnkeys come with propertiesNo major issues to the home found in the last inspection.Found no liens or back taxesConcerns: 1.