How does it all add up?

Typical example of monthly operating costs of a Three Bedroom Home
Property Price:	$150,000.00
20% Deposit:	$30,000.00
Mortgage Amount:	$120,000.00
Monthly Outgoings (Estimated)
Mortgage Payment:	$800.00
Insurance:	$50.00
Property Tax:	$150.00
Electric:	$150.00
Water:	$80.00
Management and Maintenance: (Including two cleans per month)	$360.00
Total Cost per Month:	$1,590.00
Total Cost per Annum:	$19,080.00
Number of weeks required to break even based on rental at $500 (£312) per week is 38