If I were analyzing this:
-$250/mo in tax
-$100/mo insurance (could be less, but it depends on the house/area/etc)
-$150/mo for management
-$100/mo for vacancy
-$200-300/mo for maintenance and capex
Unless you live in a really weird area where renters of SFHs don't pay utilities, your renters will pay that.
So your overhead is around $800-900/mo. You should try to get more accurate numbers, obviously. If you rent for $1500, you'll make $600-700 profit.
Assuming you're going to pay $165k cash for the place, plus $5k of closing costs, and you're getting $8500/year in profit, that's a 5% return.
Not great for a risky asset, but my numbers are on the conservative side as always.
I'd want around $2k in rent to make it worth my while.
-W