How much should we cash flow when house hacking - Single Family home- 4 bedroom/3 bth

[Amity Word]

I have a 4 bedroom ..3 bath home purchased at $275K.

Mortgage is $2210.   It's only 1400 sq ft.  Large deck/huge fenced in back yard/fire pit. 

I'm estimating rooms can range from $950 to $1300 based on what I've seen in the area.

No, I will not live in it.  

Just not sure on average how much one would should expect to profit monthly or to cash flow monthly???

Or which "rule of thumb" applies to the minimum cash flow I should look for?

Separately, what if I only have 3 tenants vs. 4?  Then do I set the rent for each room higher to make up for not having a 4th tenant? 

[Alecia Loveless]

@Amity Word Hi Amity, I would suspect you can rent the rooms for more with a private bathroom but when I had my bed and breakfasts I discovered that sometimes people just want the cheapest option and maybe you rent 2 of the room on the higher end at say $12-1300 apiece each with a private bathroom and then rent the other two rooms at the lower price point of say $900 apiece with the shared bathroom.

This would guarantee you the highest cash flow but you also might have to take into consideration some house cleaning of the shared bathroom and common areas in your monthly expenses. It probably wouldn’t cost much to get a house cleaner to come in for 2 hours a week to clean the living room, kitchen, and shared bathroom unless you live close by and want to do this yourself to keep the house in great condition for your tenants.