How to claculate taxes on a new rental?

[Andrew Guza]

Hi everybody!

I am thinking of buying a rental in Maricopa county.

Trying to figure out how rents will be taxed? 

Rent is 1K per month, so 12K per year. 

Property taxes are 2K/ year

How am I gonna be taxed on the rents that I receive? Is this 12K in rents that I will receive from the tenant will be taxed like an ordinary income? (I am in 30% tax bracket, so approximately 4K I will have to pay in taxes then for this rental In addition to the 2K property taxes? )

Thank you!