I'm really confused about the 2% rule.

[Dominic Bailey]

I have a property that I am looking to rent out very soon. I purchased the property when it was $208k. I did some work on it and now it's valued at 237k. I plan on renting it out for about $1,900 a month which is the going range for the area. However according to the 2% rule, I'm not making any positive cash flow. Is my math right or am I doing something wrong?

[Joe Villeneuve]

The 1% and 2% rules should be left where they belong...on milk cartons.