How much is too much

[James Harryton]

Hey so I just closed on a property in Polk County FL my mortgage is $1535 average rent in the area is $1500–1800 I have a freshly renovated house with 3b 2 ba 966 sqft I listed it on the higher side since it’s remodeled for $2100 I only had one person reach out to me and they were telling me the price is to high and I have not had any applicants I just paid for advertising on Zillow today and I posted the property yesterday I cover water and the property comes with washer and dryer hooks, loose pet policy and there is a laundry mat directly behind it. Is this too much and if so when should I lower the price and how much is reasonable enough for both sides 

[Nathan Gesner]

Quote from @James Harryton:

This doesn't sound like a wise investment. An investment should pay for itself and have enough left over to set aside for reserves. If you buy a house with a $1,500 mortgage, you also need enough to cover taxes, insurance, and maintenance. Then it would help if you still had more to set aside for future vacancies and capital expenditures. A good investment will typically bring in around 50% more than the mortgage payment. Using your house as an example, I would want to rent it for at least $2,300 or more. You will probably lose money even if you rent it for $1,800.