If you put 20% down you should break-even or at least be very close. Rent is determined by the market, obviously, so I can not provide any details or meaningful insight with out more specifics, but your range is in the right ballpark for a single family in Secaucus. Typically a single family home will rent up in 1 or 3 months, depending mainly on price, condition and the time of the year. Single Family homes are more profitable than townhomes (meaning Condos) because in Secaucus most of the single family homes are older and the taxes are lower, plus they do not have the additional over head of maintenance fees and are much less likely to be assessed for any reason, but on the down side requires more oversight by the landlord. However, Secaucus is (arguably) the best run town in Hudson County and one of the best in North Jersey, so the taxes are pretty low relative to the surrounding towns. If you like go to my website at http://www.buyorsellhomesnorthjersey.com, where you can search via NJ MLS and set up email alerts for new listings.