Is comparing mortgage vs rent the only applicable variable here? Insurance, property taxes, in some areas supplemental taxes, improvements/emergency budget. Time spent to upkeep basic things such a landscaping, paint, appliance all need to be factored in while making a comparison.
I'll give you my example. Mortgage is $2k. Rent on a comparable in my area is 2.4k so basically the same ratio as your area. That comes out to a potential profit for me of $4800. I'm in CA, property taxes are lower than average even and I paid $4500 in property tax last year, on top of a supplemental tax bill for $2800. We had a flea infestation from moving blankets in the u-haul, which I took care of myself for $200. I do my own general pest control which came out to $250 for the year. Insurance (nothing special) is luckily lumped into our loan so we didn't have to pay out of pocket for that.
Other things we had to pay for included a sinking LVP floor, a new oven and dryer, and a few other things that I won't even calculate into the equation. It's in the thousands.
A tenant would have paid $28,800 for rent.
As a homeowner I paid $31,750+ and this doesn't even include the time I spent on it. Not only a monetary investment.
In the case I were renting this place out I would have lost money, and any "profits" to be made the next year would be simply to make up the money I spent the year prior. Assuming there are no more issues, voters don't vote property taxes up, there's no natural disasters etc.
I was homeless in '06-'07. Lived in a car with my entire family. I paid rent for 13 years prior to being in the position to purchase a home. I had to move and now have a longer commute in order to afford one. There are sacrifices to be made as a homeowner but this land is mine. I own it, I earned it. And if I wanted to rent it out, I wouldn't be an evil money loving landlord, I'd simply be someone reaping the benefits of almost half of my life's worth of work. There are no real short term profits to be earned from landlords who rent out their second home. It's all realized way down the line, after 20-30 years.