James owns a home in Lake Tahoe, Nevada, that he rented for $5,100 for 40 days during the summer. He lived there for a total of 120 days, and the rest of the year, the house was vacant. The expenses for the home included $6,250 in mortgage interest, $1,000 in property taxes, $1,500 in maintenance and utilities, and $2,850 in depreciation. 

What is his net income or loss from the rental of his home (without considering the passive loss limitation)? Use the IRS method for allocation of expenses.