Deposited needed to have positive cash flow?

Simon4s

Board Regular
Joined
Sep 22, 2014
Messages
155
Office Version
  1. 2016
  2. 2013
Rate: 2.44%
Amortization period: 25 years
Cost of house: 350,000
Down payment: $153,100
Remaining mortgage: $196,900
Payments: Monthly
PMT = 877.39.

Total monthly Cost: 1400 (PMT + OTHER FEES)
Monthly lease profit: $1300
Income -100.00

Down payment needed for breakeven: ??

My PMT for my remaining mortgage is $877.39 and I have $600 of other expenses.

How do I find out the Down payment I need to reach a monthly break even point?

TY.
 

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A1A2
Purchase Price$350,000
Down Payment$153,100
Mortgage value$196,900
Payment TypeMonthly
Amortization Period25 Yrs
Monthly Mortgage Payment (PMT)$877.39
Interest2.44%
Other fees$600
Total monthly cost$1477.39
Rental Revenue$1300.00
Monthly Gain/loss$-177.39
Additional Down payment to achieve break even=??

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