Profit margins on a rental property
Hi all, I'm new here and new to the industry. I have been scouting out some properties in the Salt Lake City. Basically, my question is what is a good profit margin for a rental home? I have found houses that I can buy for 800/mo and rent for 1200/mo. Is this a good deal? Should I pursue this? I know about the whole 50% rule but I can't find anything that comes close to that. Any input is greatly appreciated!