No Money Down Deal Analysis - Help

[David Light]

I'm working on purchasing my second property and currently have two private lenders that I'm working with to fund the deal. At this point it seems I may be able to have one loan for 80% of the house value at 5% and a second loan for 20% at 6%. We haven't picked a specific property yet but I've run numbers with some in the area and this is what it could potentially look like.

With rents very close to 1% of the purchase price in the market (college station) the cash flow would be slightly negative or break even but I'd have someone paying my mortgage with limited money from me for closing. Most houses in the area need no repairs.

With no money down deals is breaking even good? Should I bring cash to the table to have lower mortgage payments and better cash flow? Is this market just no good and I should look for a market with better rent percentages?

Thanks for any tips and thanks to bigger pockets for the template I used to put the analysis together above.

@Andrew Robison